Xinhua published an article commenting on how Obama’s treated Japanese Prime Minister Shinzo Abe’s visit to the U.S.
People’s Daily: Where is This Three-way Relationship Going?
People’s Daily issued a special editorial about Abe’s trip to the United States. According to the editorial, in international affairs, the Sino-US relationship carries more weight than the US-Japan relationship. The Sino-US relationship goes beyond a bilateral relationship and has a global impact, while the Sino-Japan relationship has a regional impact.
China Became Australia’s Largest Foreign Investor
Well-known Chinese news site Sina recently reported that, last year, China surpassed the United States to become Australia’s largest foreign investor. The investments, however, were concentrated mainly in real estate. As the Chinese anti-corruption movement deepened, Chinese investments in Australia also sped up. According to the latest report that the Australian Foreign Investment Review Bureau (FIRB) released, half of the approved Chinese investments last year (around US$22.1 billion) were for real estate. Chinese investments took a 17 percent share of all foreign investments in Australia. Australian real estate market experts expressed the belief that the demand of the investors from China and other Asian countries is still on the rise. If the Australian dollar depreciates more, Australian real estate will become even more attractive to Chinese buyers.
Qiushi: Control the Internet û Stop Criticism of the Government and Better Lead Public Opinion
The article suggested the following measures to control Internet:
Asian Infrastructure Investment Bank and the “One Belt, One Road” Strategy
China Review News republished an article that Chinese economist Xian Langping wrote discussing China’s rise. Xian stated that the Asian Infrastructure Investment Bank (AIIB) and China’s "One Belt, One Road" strategy are tightly integrated to support China’s continued economic growth and its international influence.
Xian explained that, on October 24, 2014, China and 20 other countries, including India and Singapore, signed the Memorandum of Understanding (MOU) to establish the AIIB. These 20 countries share some commonalities: first, they are China’s neighbors; second, they are in the "One Belt, One Road" zone; and third, they are cooperating or have the intention to cooperate with China to build high-speed railways.
China’s "One Belt, One Road" strategy is to build roads and railways to connect the countries in the zone. It will create economic growth opportunities (e.g. the export of high-speed railway system and construction materials) for China and will also expand international trade (so that China can export more goods to these countries).
Even though the contributions of the AIIB member countries are based on their GDPs and in theory, the U.S. can have the loudest voice if it joins, Xian believes that the U.S. will not join. To him, the bank was created to serve infrastructure development; more specifically, high-speed rail construction. China has a big advantage in this field. If the U.S. were to make any contribution, it would only benefit China.
Source: China Review News, April 26, 2015
http://hk.crntt.com/doc/1037/2/6/7/103726773.html?coluid=53&kindid=0&docid=103726773&mdate=0426080715