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Global Times: S&ED Should Pave the Way for Xi Jinping’s Visit to the U.S.

Prior to this month’s China-US Strategic and Economic Dialogue (S&ED), Global Times, which is affiliated with People’s Daily, published an editorial outlining Beijing’s goals in the current round of dialogue. 

To begin with, the S&ED should pave the way for Chinese President Xi Jinping’s visit to the US in September. As a major event concerning Sino-US relations and the last chance for talks during a state visit within Obama’s tenure, the visit will set the tone and lay a foundation for bilateral relations in the post-Obama era. 
Second, both China and the US need to cool the heated issues between the two through this high-level comprehensive dialogue. At the top of the agenda should be the South China Sea issue and cyber security. 
In addition, the S&ED should be used to abate strategic mutual distrust. 
Last, both countries should strive for a breakthrough in setting rules for economic cooperation. 
This is the first time [from the historic perspective] that China deals with the No. 1 power in the world to manage the relations of two powers. We cannot be that certain whether how much the potential harm would be to China based on the other side’s preventative measures and "containment." Nor are we too clear whether the mistruct between China and the US is something that can be solved, or it is something that is bound to exist between major powers, and thus has to be accepted and managed. We cannot even be sure whether the US irrational reaction to China’s rise can be resolved with reasoning, or it can only be handled through compitition based on strength. 
Sources: Global Times and Huanqiu.
http://www.globaltimes.cn/content/928345.shtml 
http://opinion.huanqiu.com/editorial/2015-06/6743089.html

Global Times: S&ED Should Pave the Way for Xi Jinping’s Visit to the U.S.

Prior to this month’s China-US Strategic and Economic Dialogue (S&ED), Global Times, which is affiliated with People’s Daily, published an editorial outlining Beijing’s goals in the current round of dialogue. 

To begin with, the S&ED should pave the way for Chinese President Xi Jinping’s visit to the US in September. As a major event concerning Sino-US relations and the last chance for talks during a state visit within Obama’s tenure, the visit will set the tone and lay a foundation for bilateral relations in the post-Obama era. 
Second, both China and the US need to cool the heated issues between the two through this high-level comprehensive dialogue. At the top of the agenda should be the South China Sea issue and cyber security. 
In addition, the S&ED should be used to abate strategic mutual distrust. 
Last, both countries should strive for a breakthrough in setting rules for economic cooperation. 
This is the first time [from the historic perspective] that China deals with the No. 1 power in the world to manage the relations of two powers. We cannot be that certain whether how much the potential harm would be to China based on the other side’s preventative measures and "containment." Nor are we too clear whether the mistruct between China and the US is something that can be solved, or it is something that is bound to exist between major powers, and thus has to be accepted and managed. We cannot even be sure whether the US irrational reaction to China’s rise can be resolved with reasoning, or it can only be handled through compitition based on strength. 
Sources: Global Times and Huanqiu.
http://www.globaltimes.cn/content/928345.shtml 
http://opinion.huanqiu.com/editorial/2015-06/6743089.html

Global Times: S&ED Should Pave the Way for Xi Jinping’s Visit to the U.S.

Prior to this month’s China-US Strategic and Economic Dialogue (S&ED), Global Times, which is affiliated with People’s Daily, published an editorial outlining Beijing’s goals in the current round of dialogue. 

To begin with, the S&ED should pave the way for Chinese President Xi Jinping’s visit to the US in September. As a major event concerning Sino-US relations and the last chance for talks during a state visit within Obama’s tenure, the visit will set the tone and lay a foundation for bilateral relations in the post-Obama era. 
Second, both China and the US need to cool the heated issues between the two through this high-level comprehensive dialogue. At the top of the agenda should be the South China Sea issue and cyber security. 
In addition, the S&ED should be used to abate strategic mutual distrust. 
Last, both countries should strive for a breakthrough in setting rules for economic cooperation. 
This is the first time [from the historic perspective] that China deals with the No. 1 power in the world to manage the relations of two powers. We cannot be that certain whether how much the potential harm would be to China based on the other side’s preventative measures and "containment." Nor are we too clear whether the mistruct between China and the US is something that can be solved, or it is something that is bound to exist between major powers, and thus has to be accepted and managed. We cannot even be sure whether the US irrational reaction to China’s rise can be resolved with reasoning, or it can only be handled through compitition based on strength. 
Sources: Global Times and Huanqiu.
http://www.globaltimes.cn/content/928345.shtml 
http://opinion.huanqiu.com/editorial/2015-06/6743089.html

Global Times: S&ED Should Pave the Way for Xi Jinping’s Visit to the U.S.

Prior to this month’s China-US Strategic and Economic Dialogue (S&ED), Global Times, which is affiliated with People’s Daily, published an editorial outlining Beijing’s goals in the current round of dialogue. 

To begin with, the S&ED should pave the way for Chinese President Xi Jinping’s visit to the US in September. As a major event concerning Sino-US relations and the last chance for talks during a state visit within Obama’s tenure, the visit will set the tone and lay a foundation for bilateral relations in the post-Obama era. 
Second, both China and the US need to cool the heated issues between the two through this high-level comprehensive dialogue. At the top of the agenda should be the South China Sea issue and cyber security. 
In addition, the S&ED should be used to abate strategic mutual distrust. 
Last, both countries should strive for a breakthrough in setting rules for economic cooperation. 
This is the first time [from the historic perspective] that China deals with the No. 1 power in the world to manage the relations of two powers. We cannot be that certain whether how much the potential harm would be to China based on the other side’s preventative measures and "containment." Nor are we too clear whether the mistruct between China and the US is something that can be solved, or it is something that is bound to exist between major powers, and thus has to be accepted and managed. We cannot even be sure whether the US irrational reaction to China’s rise can be resolved with reasoning, or it can only be handled through compitition based on strength. 
Sources: Global Times and Huanqiu.
http://www.globaltimes.cn/content/928345.shtml 
http://opinion.huanqiu.com/editorial/2015-06/6743089.html

Global Times: S&ED Should Pave the Way for Xi Jinping’s Visit to the U.S.

Prior to this month’s China-US Strategic and Economic Dialogue (S&ED), Global Times, which is affiliated with People’s Daily, published an editorial outlining Beijing’s goals in the current round of dialogue. 

To begin with, the S&ED should pave the way for Chinese President Xi Jinping’s visit to the U.S. in September. As a major event concerning Sino-US relations and the last chance for talks during a state visit within Obama’s tenure, the visit will set the tone and lay the foundation for bilateral relations in the post-Obama era. 
Second, both China and the U.S. need to cool the heated issues between the two through this high-level comprehensive dialogue. At the top of the agenda should be the South China Sea issue and cyber security. 
In addition, the S&ED should be used to abate strategic mutual distrust. 
Last, both countries should strive for a breakthrough in setting rules for economic cooperation. 
This is the first time [from a historic perspective] that China will deal with the No. 1 power in the world to manage the relations between two powers. We cannot be certain how much the potential harm will be to China based on the other side’s preventive measures and its "containment." Nor are we too clear whether the mistrust between China and the U.S. is something that can be solved or whether it is something that is bound to exist between major powers, and thus has to be accepted and managed. We cannot even be sure whether the U.S.’s irrational reaction to China’s rise can be resolved with reasoning or can only be handled through competition based on strength. 
Sources: Global Times and Huanqiu, June 23, 2015
http://www.globaltimes.cn/content/928345.shtml 
http://opinion.huanqiu.com/editorial/2015-06/6743089.html

How China Benefits from Its Talent Loss

On June 18, 2015, DWNEWS published an article titled, “Talent Loss Is Good for China.” According to the article, the total number of Chinese students who studied abroad from 1978 to 2010 reached 1.9 million. Of that number, only 0.63 million students returned to China. Some people think that China’s emigration phenomenon (including rich people’s investment emigration) reflects Chinese elites’ lack of confidence in China’s existing system. They vote with their feet. However, the writer of the article believes that this interpretation is an exaggeration. He listed three benefits resulting from the loss of talent. 

The first benefit is the remittances. In 2007, China’s overseas remittances were as high as $32 billion. Second is the free training. Developed countries have invested huge amounts in scholarships to educate and train these Chinese students. Finally is the cooperation. From 2001 to 2005, a number of the published papers involved the joint work done through cooperation between the Chinese scientists and American scholars. Of those papers, 70 percent involved overseas Chinese scholars’ work. 

The article suggested that China actively take advantage of the overseas talent pool so as to catch up and exceed the developed countries by making use of their advanced knowledge and technology.

Source: DWNEWS, June 18, 2015
http://culture.dwnews.com/news/2015-06-18/59661610.html

RFA: Thousands of Shanghai Residents Protested PX Project for 3 Days

From June 21 to June 23, 2015, hundreds to thousands of Shanghai residents from the Jinshan District of Shanghai City marched on the streets to protest a paraxylene (PX) petrochemical project to be relocated in the Jinshan District of Shanghai. They feared the pollution. Wu Lihong, an environmental campaigner, said, "PX plants are not welcome anywhere in China." He pointed out, "Movements opposing PX plants have formed in Xiamen, Dalian, Ningbo, and other cities." After local residents protested for three consecutive days, the district government announced through an Internet post that no PX project would be relocated to Jinshan district. The protest still continued, even after the Internet posting, as the local residents do not trust the government’s word.

On June 22, the demonstrators asked the Jinshan district top leader to step forward and to express his opinion on the PX project openly. The district leader did not show up. On the other hand, a lot of Internet discussions were posted on the PX project topic or on the Jinshan district. The local government dispatched a large number of police guards to the scene. Some people were beaten and a 16-year-old boy was arrested.

Sources: Radio Free Asia, June 22 & 24, 2015
http://www.rfa.org/mandarin/yataibaodao/huanjing/hc-06222015121332.html
http://www.rfa.org/mandarin/yataibaodao/huanjing/yf1-06242015101717.html
 

People’s Daily: Domestic Stock Market Lost RMB Nine Trillion in a Week

People’s Daily recently reported that between June 12 and June 19, the Chinese domestic stock market (also known as the A-Share Market), which is composed of the Shanghai Stock Exchange and the Shenzhen Stock Exchange, lost a total of RMB 9.24 trillion (around US$1.49 trillion). That amount equals the market value of PetroChina and ICBC combined. PetroChina is the world’s second largest oil and natural gas company and ICBC is world’s largest bank (in terms of market value). The Chinese A-Share Market has 175 million active accounts. The one-week loss was the equivalent of a loss per account of RMB 52,800 (around US$8,537). The two domestic stock exchanges temporarily unlisted 1,088 stocks due to the over-the-limit level of their price drops. The Chinese Securities and Futures Commission (SFC) started an investigation into potential illegal activities. Many stock market experts expressed the belief that the main cause of this stock market landslide was the Chinese government’s intent to delay the “easing” of the monetary policies.
Source: People’s Daily, June 20, 2015
http://finance.people.com.cn/n/2015/0620/c1004-27185308.html