The 117th Canton Fair Saw a Decline in the Volume of Exports
Xinhua: 2014 Shanghai Financial Supervisory White Book Published
Xinhua reported on the 2014 Shanghai Financial Supervisory White Book which was recently published. According to the report, in 2014, 2,063 financial crime cases went through legal proceedings; a total of 2,378 people were involved. These numbers were up 46.2 percent and 47.8 percent respectively compared to 2013. Credit card fraud still ranked number one. The rest of the crimes included taking illegal public deposits, illegal financing and loans, insurance fraud, and insider trading. Reports indicated that another trend highlighted in the White Book was that the number of crimes that financial professionals committed reached a record high in 2014.
Source: Xinhua, May 10, 2015
http://news.xinhuanet.com/fortune/2015-05/10/c_127783921.htm
Huanqiu: China’s Special Treatment in Moscow’s Red Square Military Parade Shows Close Relationship
Huanqiu carried an article about China’s participation in the Red Square military parade in Moscow on May 9. The article commented that lack of attention from the Western world did not undermine the grand scale of the Red Square military parade. The Russians viewed Xi Jinping’s appearance in the parade as “spiritual support” to the Russians in the midst of the boycott from the West. According to the article, Xi not only received unprecedented treatment at the welcoming ceremony; China’s guard of honor placement at the end of the international section and right before the Russians was also an indication of the close relationship between Russia and China.
Source: Huanqiu, May 10, 2015
http://world.huanqiu.com/exclusive/2015-05/6396641.html
Guangming Daily: China be on Guard against Japanese Politicians Making Inciting Statements
Guangming Daily carried a commentary on the relationship between China and Japan. The article stated that 2.41 million Chinese tourists visited Japan in 2014, which was up 84 percent from 2013. However, in 2014, China Daily and the Japanese non-profit think tank Genron NPO, conducted a survey about China and Japan’s relationship. The survey indicated that 93 percent of the Japanese people do not like Chinese people and most of them will refuse to visit China in the next two years. The commentary claimed that the imbalance was due to two factors. First, certain Chinese “Tuhao” or nouveau riche tend to show off their wealth in Japan and, second, Japanese Prime Minister Abe has anti-Chinese sentiment. The commentary concluded that anti-China propaganda influences the Japanese public. Therefore China should be on guard against the inciting statements that Japanese politicians make.
Source: Guangming Daily, May 11, 2015
http://world.gmw.cn/2015-05/11/content_15623091.htm
The Effort to Join SDR May Include RMB Depreciation
The Fifth Generation Chinese Leader’s Political Opponents Include Four Interest Groups
The fifth generation of Chinese leaders [Xi Jinping’s Administration] initiated reform with bold steps, far exceeding its predecessor, the Hu-Wen administration. As the reform has been advancing, a number of interest groups have been thwarting the effort with increasingly strong resistance. Four categories of resisters have gradually coalesced to become the political opponents of the fifth generation of Chinese leaders.
The Central Party School Promotes Four Comprehensives û Xi Jinping’s New Theory
On April, 27, 2015, the website of the Party School of the Chinese Communist Party Central Committee (http://www.ccps.gov.cn/) published an article that promoted Xi Jinping’s new theory. Xi Jinping, the current General Secretary of the CCP Central Committee, has presented his new theory as “Four Comprehensives.” That is, the China would work comprehensively to build up a moderately prosperous society, comprehensively deepen reforms, to comprehensively govern the nation according to the law; 4) comprehensively be strict in governing the Party.
According to article, Xi Jinping’s new “Four Comprehensives” theory is rich in content and great in its system. It is the ideological guidance and theoretical guidelines to realize “China Dream” of the great rejuvenation of the Chinese nationality. It can also guide us to do all kinds of jobs. … The important and far-reaching significance is self-evident.”
Source: Website of Party School of the Chinese Communist Party Central Committee, April 27, 2015
http://www.ccps.gov.cn/theory/zjzx/201504/t20150427_59642.html