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Shanghai Plans to Establish Gold Fixing Price in RMB

Well-known Chinese news site Sina recently reported that the Shanghai Gold Exchange is planning to use the Chinese currency RMB for its gold fixing price. The Exchange already submitted its plan details to the Chinese central bank for approval. Once approved, the Exchange will decide on the international and domestic banks that will be part of the process of fixing the prices. This is the latest of China’s efforts to improve its status in the world’s gold market. Currently the Base London Gold Fixing Price is the primary indicator of gold prices. However the London Fixing Price has been under legal investigation for potential manipulations. If the RMB-based Gold Fixing Price is established and accepted globally, the world gold trade could then be settled in RMB. This could render the London Gold Price irrelevant. However the Chinese currency is not yet freely exchangeable.
Source: Sina, June 24, 2015
http://finance.sina.com.cn/money/nmetal/20150624/181222507193.shtml

BBC Chinese: After the Strategic Dialogue, the U.S. Criticized China on Its Human Rights Record

BBC Chinese recently reported that the U.S. released its 2014 World Human Rights Report right after the completion of the U.S.-China Strategic and Economic Dialogue. The Dialogue was a routine face-to-face conference among high-ranking government officials from the two nations. The newly released report criticized China for its human rights record, pointing out that China has continued to suppress political activists. The Chinese government denied all the charges. U.S. Assistant Secretary of State Tom Malinowski also mentioned that China has introduced draft laws to constrain NGOs in China. He expressed his concern that such a laws may have a significant impact on commercial, cultural, and educational exchanges between China and the United States as well as on human rights conditions and on the rule of law in China. The U.S. did mention this concern to China in the Dialogue. 
Source: BBC Chinese, June 25, 2015
http://www.bbc.com/zhongwen/simp/world/2015/06/150625_us_china_hrreport

Survey Shows Over 70 Percent of Doctors in Guangdong Would Not Want their Children to be Doctors

In 2014, the Guangdong Medical Doctor’s Association conducted a survey of its members. According to the survey 71.65 percent of the doctors who responded would not want their children to become doctors. They were also asked if, given another chance, whether they themselves would still want to be doctors. The answer for 57.52 percent of them was that, given the choice, they would not want to be a doctor again. The article said that doctors and patients in China have had intense disputes and conflicts. In addition, a doctor’s workload is very heavy. The survey results showed that more than 50 percent of the doctors had to stay late at work, 44 percent of them needed to work on weekends and holidays, and 14 percent were required to participate in various academic activities during weekends and on holidays. Moreover 65 percent of the doctors did not feel that they were compensated adequately for their efforts. The survey showed that 16.5 percent of the doctor’s received an annual salary of less than 30,000 yuan per year (US$4,830) while 22.9 percent made 30,000 to 50,000 yuan (US$4,830 to $8050) each year.

Source: Guangming Daily, June 27, 2015
http://health.gmw.cn/2015-06/27/content_16103548.htm

Xi Jinping: Anti-Corruption Effort Depends on Rules and Regulations

Xinhua published a report on the 24th group study meeting that the Political Bureau of the Central Committee held on June 26. Xi Jinping hosted the meeting and delivered a speech in which he stated that there will be no end to the anti-corruption battle. While the Party has its political advantages, it faces serious challenges. In order to eliminate poor conduct and to combat corruption the Party needs to be dependent on rules and regulations. Xi vowed that there will be zero tolerance for violations, “regardless of how much authority the person has and how small the matter may be.” Xi stated that the disciplinary organs should intensify their investigation efforts. Anyone who breaks the law is subject to serious disciplinary punishment and their management will also be held accountable.

Source: Xinhua, June 27, 2015
http://news.xinhuanet.com/politics/2015-06/27/c_1115742379.htm

Taoist Association to Follow Party’s Directions on Religious Work and Contribute to China’s Dream

According to China.org.cn, on June 27, China’s Taoist Association held its 9th National Conference in Beijing. The conference will last for four days. Several hundred participants came from 29 provinces and districts. According to the article, the conference will hold its 9th election for board members and for a new leadership team. It said that the theme of the conference included that the Association must love China and the Taoist religion while continuing to study important talks given by Xi Jinping and the key messages from the recent United Front Work conference. The article also stated that the goal of the organization includes that it must carry out the Party’s directions on religious work and make its own contribution towards building "China’s Dream." 

Source: China.org.cn, June 27, 2015
http://cppcc.china.com.cn/2015-06/27/content_35922586.htm

Cyber War – Time for a Paradigm Shift?

From June 8 through June 19, 2015, the U.S. Office of Personnel Management (OPM) sent out notifications to 4 million current and former Federal employees informing them that their personal information may have been stolen. By the time FBI Director James Comey met Senators in a closed door briefing, he estimated the number of those affected to be 18 million.

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Over 14 Million Drug Users in China Cause $80 Billion in Losses

On June 24, 2015, at a press conference, the State Council’s Information Office released the first-ever report on the effects of drug abuse in China in 2014. Liu Yuejin, Assistant Minister of Public Security and Deputy Director of China National Narcotics Control Commission, said that drug abuse in China for that year resulted in annual economic losses of 500 billion yuan (approximately $80.54 billion) and, in addition, as many as 49,000 deaths of registered users. He estimated that China has more than 14 million drug users, including about three million registered users. 

According to Liu, there is evidence that more youths are abusing synthetic narcotics. Half of the registered users are under 35. Drug users are spreading to government employees and the variety of stronger, more addictive drugs is growing. Drug abuse has been linked to suicides, hit-and-run accidents, murders, abductions, rapes, attacking police, and other violent crimes. 
Source: Legal Daily, June 24, 2015 
http://www.legaldaily.com.cn/index/content/2015-06/24/content_6137688.htm?node=20908

People’s Daily: Be Vigilant to the Ulterior Motives behind Abe’s Statement of “Never Fight Again”

People Daily published an article commenting on Japanese Prime Minister Shinzo Abe’s statement of “never fight again” that he made when he was meeting with Chinese media for an interview

The article said, “As soon as he returned from the G7 summit held in the German town of El Mao, Japanese Prime Minister Shinzo Abe attended the meeting of [Japan’s] Congress to discuss the bills related to lifting the ban on the right to collective self-defense. Although he is very busy, he did not forget to arrange an interview with a Chinese media reporter.” 
While answering the reporter’s questions, Abe said that Japan has deep remorse over the war and will never repeat the same mistakes. He stressed that he is willing to continue the efforts toward the development of Japan-China relations. 

The article showed little trust in Abe’s statement. It said, “From the content of the answer, Abe is without doubt ‘releasing a friendly and goodwill signal.’ However, there were also critical comments that ‘the time and object of the interview was carefully arranged.’ According to a poll the media conducted on the matter, most Chinese people do not believe Abe’s position or his attitude.” 

“It is not strange at all. Just a few days ago, Abe was stirring up trouble at the G7 summit, acting as Uncle Sam’s pawn, and attempting to instigate problems on the South China Sea issue. After returning home he immediately hugged Philippine President Aquino and vowed to participate in joint containment of China.” 

 The article furthered stated, “The world knows what is in his bones. How can he get away with a mere [statement of] ‘deep remorse’ and remove people’s doubts? 

“In order finally to be able to amend the "Peace Constitution," Abe is fully implementing supporting laws and regulations for lifting the ban on collective self-defense. In his talks, he has always taken China as a target. His ‘true intention’ is known to all.” 

Source: People’s Daily, June 15, 2015 
http://world.people.com.cn/n/2015/0617/c1002-27170993.html