Chinascope – Page 66

Japan Says China May be Underreporting Increase in CO2 Concentration

Japan’s Ministry of the Environment has questioned the accuracy of China’s reported annual increase in carbon dioxide concentrations. According to Japan’s greenhouse gas observing satellite, IBUKI, China’s annual CO2 concentration increase ranged from 0.6 to 1.2 ppm between 2009-2022. However, international databases calculating China’s emissions based on information published by China, such as fossil fuel consumption and number of power plants, estimate an annual increase of just 0.2 to 0.8 ppm. No such discrepancies were found for Japan and the United States using similar methodology.

Japan claims China’s published information may be inaccurate and will present these findings at the upcoming 28th Conference of the Parties (COP28) to the UN Framework Convention on Climate Change (UNFCCC) in Dubai. A Japanese senior official stated that inaccurate emissions reporting from major emitters like China could undermine global emissions reduction targets, as it skews calculations on progress.

Through satellite observation technology, Japan aims to improve transparency in emissions reporting. Reliable, accurate emissions data is crucial for setting and meeting climate change targets among all nations. Japan intends to keep contributing objective emissions data gathered through satellite monitoring to further emissions transparency, accountability, and broader climate action. The findings question whether China has been forthcoming in reporting its emissions and climate mitigation progress to date.

Source: Radio France International, December 8, 2023
https://rfi.my/AAEy

Briefings | | December 16, 2023 | Geo-Strategic Trend

Economic Bailout with Chinese Characteristics: Controlling Public Opinion on the Economy

China’s economy slowed significantly in 2022 due to multiple headwinds including COVID-19 impacts, strained international supply chains, over-regulation of sectors (e.g. real estate), and weak domestic consumption. Against this backdrop of negative economic news, Chinese authorities have stepped up propaganda efforts and media controls to bolster public confidence.

At a recent meeting, the CCP Politburo stressed the need to “strengthen economic propaganda and public opinion guidance” on the economy. State media like People’s Daily and Xinhua have since published unequivocally-upbeat commentaries, quoting Xi Jinping’s reassurances about progress towards high-quality development and solid progress in overcoming the post-pandemic transition. Such overtly-promotional coverage aims to shape perceptions now that growth has slipped below targets.

Starting in 2021, officials shut down many non-state social media accounts that were speaking negatively about the economy (“black mouth” accounts). In 2022, top finance influencers on the internet – Wu Xiaobo, Ren Zeping and Hong Hao – faced speech bans despite their large numbers of followers. Economic analysts suspect such muzzling of dissenting voices will now further intensify, aiming to suppress doubts about the official claims regarding economic recovery.

Authorities are blaming China’s current economic struggles on external factors like US-China ties and global supply chains. Domestic weaknesses remain apparent – the long-troubled property sector still drags heavily, and Chinese consumers have become thrifty amidst uncertainty conditions.

As 2024 begins, Xi Jinping has clearly prioritized projecting strength and stability regarding growth prospects, given the recent Politburo directive to reinforce propaganda and guidance.

Source: Central News Agency (Taiwan), December 11, 2023
https://www.cna.com.tw/news/acn/202312110286.aspx

Briefings | | December 16, 2023 | Government/Politics

UDN: South Korean President Visits the Netherlands to Form A Chip Alliance

Taiwanese news group United Daily News (UDN) recently reported that South Korean President Yoon Seok-yue is in the Netherlands for a state visit. Yoon’s trip is focused on increasing cooperation between the two countries related to the semiconductor industry — he said that this trip marked a key turning point for the “South Korea-Netherlands Semiconductor Alliance” and that discussing chip cooperation was the “top priority” of his visit.

Yoon stated in an interview that high-tech chips are the lifeblood of the modern global economy, and that South Korea accounts for about 60 percent of the world’s supply of memory chips. He said that the Netherlands is home to semiconductor production equipment manufacturer ASML, and the two countries have been cooperating “in an exemplary manner” for many years, contributing to the stability of the global semiconductor supply chain.

The semiconductor industry is being buffeted by geopolitical turmoil. ASML supplies South Korea’s major chip manufacturers Samsung and SK Hynix. During President Yoon’s visit, he will visit the ASML headquarters. The “South Korea-Netherlands Semiconductor Alliance” is expected to include the countries’ respective governments, enterprises and universities. This is the first time a South Korean head of state has paid a state visit to the Netherlands since 1961, when South Korea and the Netherlands first established diplomatic relations.

Source: UDN, December 11, 2023
https://udn.com/news/story/6811/7631837?from=udn_ch2_menu_v2_main_cate

Briefings | | December 12, 2023 | Geo-Strategic Trend Information/Technology

RFI: Moody’s Under Fire after Negative Rating of China

Radio France Internationale (RFI) recently reported that ratings firm Moody’s faced a barrage of criticism from China after it changed the country’s credit rating outlook to negative. This rating outlook change resulted in a series of similar changes in Moody’s outlook for China’s state-owned banks, insurance companies, and enterprises, including 22 Chinese local government financing vehicles that have issued international bonds. Moody’s also changed the outlook on the credit ratings of China’s two special administrative regions, Hong Kong and Macau, to negative. In the meantime it downgraded its outlook on a number of other companies as well, including the operator of Hong Kong’s subway system.

Chinese government ministries and officials criticized Moody’s move in various public statements and official media articles, saying that China was “disappointed” and believed that Moody’s rating methodology was “flawed” and that its concerns were “unwarranted.” China’s Ministry of Finance issued a long article rebutting Moody’s rating decision, saying that China’s economy is continuing to recover and that the country’s fiscal revenue has maintained a restorative, positive growth rate.

Eric Chan, the Hong Kong government’s second-ranking figure and Chief Secretary for Administration, said that Moody’s decision to downgrade Hong Kong’s credit rating outlook is being used by Western countries, led by the United States, to discredit Hong Kong and the Mainland. He said in a radio interview that Moody’s “only purpose” in its rating decision on Hong Kong was to suppress the development of the Mainland through Hong Kong.

Source: RFI, December 8, 2023
https://tinyurl.com/5wse2bh8

Briefings | | December 11, 2023 | Economy/Resources US-China Relations

China’s Hypersonic Missiles Could Shoot Down U.S. B-21 Bomber, According to Simulation

The United States Air Force’s new B-21 bomber successfully conducted its maiden flight on November 10th at the Palmdale Air Force Base in California, prompting jubilation in the U.S. Chinese researchers, however, claimed that they possess a secret weapon to counter the B-21. A research team from a northwest Chinese university published findings in the “Chinese Journal of Aeronautics and Astronautics,” declaring success in a simulation where a B-21-like stealth platform and its drones were downed by China’s hypersonic air-to-air missiles reaching speeds of Mach 6. China’s advanced tactics involve flexible hypersonic missiles with solid fuel pulsejet engines, capable of adjusting power during flight and switching targets between attacking missiles, catching U.S. aircraft off guard.

Source: QQ, December 3, 2023
https://new.qq.com/rain/a/20231130A072ZU00

Briefings | | December 9, 2023 | Defense/Military

Former President of Micronesia: The CCP Coerces, Bribes, and Infiltrates Pacific Island Countries

David Panuelo, the Former President of the Federated States of Micronesia (FSM), stated that Beijing is infiltrating various Pacific island nations through economic coercion, bribery, and other means.

He gave an example, stating that when the Vice President of Micronesia was still a senator, the Chinese Communist Party (CCP) attempted to bribe him with a bag full of money, but he refused.

He said that Chinese diplomatic personnel contacted him when he was

He mentioned that during his visit to Beijing, Chinese diplomatic personnel specialized in Pacific island nations contacted him to conveyed the intentions of the CCP leader, Xi Jinping. They emphasized that China would “fulfill all requests made by Micronesia.”

In July of last year, when he traveled to Fiji to participate in the Pacific Islands Forum, he was followed by two Chinese men. Micronesia discovered that they were working at the Chinese Embassy in Fiji, and one of them was an intelligence officer.

Source: Epoch Times, December 1, 2023
https://www.epochtimes.com/gb/23/12/1/n14128093.htm

Briefings | | December 9, 2023 | @CS Geo-Strategic Trend

Twenty-Five Million Chinese People Drop Medical Insurance

According to Caijing Magazine, the number of people paying for medical insurance in China has declined significantly since last year. Among those considered “residents” (i.e. those who are not employees forced to purchase insurance), 25.17 million people dropped their medical insurance. The net change in number of insured individuals in China in 2022 decreased by 17.05 million compared to 2021. People have blamed the decrease in insurance on fast-increasing insurance premiums and the need for out-of-pocket payment when applying for reimbursement.

Source: Radio Free Asia, October 25, 2023
https://www.rfa.org/mandarin/yataibaodao/huanjing/gt2-10252023074320.html

Briefings | | December 9, 2023 | Economy/Resources

Xinhua Commentary Series: Spotlight on the U.S. Presidential Election

Wu Guoguang: Xi Jinping’s Reversal of the Course, Will China’s Transition be Peaceful or Marked with Bloodshed?

Cheng Xiaonong: U.S.-China Strategic Relations Have Crystallized

Xinhua Commentaries: “Exposing the Three Major Political Deficits of the U.S.”