Chinascope – Page 734

China’s State Media Touts Three “Highlights” of Li Keqiang’s Russian Visit

China’s state media, People’s Daily published a commentary on Chinese Premier Li Keqiang’s visit to Russia to attend the 19th regular meeting between the prime ministers of China and Russia. The article touted the strategic cooperation between China and Russia. It listed three highlights of the visit’s accomplishments. The first highlight was that "the potential for Sino-Russian relations is far from exhausted. Take the economic and trade exchanges [as an example]. Russia expects that, next year, trade with China will reach US$100 billion; it will reach US$200 billion by 2020. Mutually beneficial and win-win cooperation is just one of the highlights of Premier Li Keqiang’s visit to Russia."

"The ‘one channel and one [rail]way’ initiative to connect China and Russia for the Russian Far East mega development marked the second highlight of the visit. Li Keqiang’s visit to Russia is expected to accelerate the inland cooperation between China and Russia."

“Highlight three was that China and Russia will give strong political support to each other. They agreed to prepare together for next year’s celebration of the 70th anniversary of the victory in World War II and to support each other on issues involving each other’s sovereignty, territorial integrity, security, and other core interests. China and Russia are both permanent members of the United Nations. Bilateral cooperation in the United Nations will help to strengthen the authority of the United Nations and defend the post-war international order.”

Source: People’s Daily, October 15, 2014

http://politics.people.com.cn/n/2014/1015/c1001-25840042.html

Briefings | | October 17, 2014 | Government/Politics

China Defines “Occupy Central” as a Serious Social and Political Event

Zhang Xiaoming, director of the Liaison Office of the Central People’s Government in Hong Kong said, on October 14, that "Occupy Central" is a serious social and political event in that it violates the "one country" principle, challenges the central authority, ignores the Basic Law, and is an illegal activity in flagrant violation of the existing laws of Hong Kong.

Zhang also said that the "Occupy Central" movement attempts to follow the "color revolution" approach … to pressure the Central Government and the HKSAR Government, and to require the NPC Standing Committee to rescind the decision that has been in force and the Chief Executive and SAR government officials to step down. All these [actions] have determined the nature of the ""Occupy Central" " movement.

Source: Xinhua, October 15, 2014

http://news.xinhuanet.com/gangao/2014-10/15/c_1112824893.htm

Briefings | | October 16, 2014 | Government/Politics

In China, 82 Million People Live in Poverty

At a recent news conference, Zheng Wenkai, deputy director of China’s State Council Leading Group Office of Poverty Alleviation and Development (LGOPA), announced the results of a survey on poverty in China. At the end of 2013, more than 82 million people lived below the poverty line.

According to Zheng, the level established to determine poverty in China was set at an annual income of 2300 yuan (US$376). If poverty were measured by the international standard of US$1.25 per day (US$456), the number of Chinese living in poverty would jump to more than 200 million.

Zheng said that poverty is still a prominent problem in China. It is reflected first in the number of poor people, numbering 82 million. Second, these poor people also face other difficulties, including drinking water, transportation, electricity, schooling, medical care, and loans. Lastly, the poor are concentrated in destitute regions with poor living conditions, frequent natural disasters, and backward infrastructures.

Source: Voice of America, October 16, 2014

http://www.voachinese.com/content/Chinese-survive-20141016/2485584.html

Briefings | | October 16, 2014 | Economy/Resources

China Suspended Applications for the Issuance of Corporate Bonds

The China National Development and Reform Commission (NDRC) has suspended the acceptance of corporate applications for the issuance of new bonds. The official reason for the suspension is that the authorities are developing new rules but there is no set date to resume accepting applications.

The suspension is closely related to the anti-corruption campaign in the bond market which started early last year. Analysts believe that the NDRC approval system for the issuance of corporate bonds has been a major cause of corruption in the bond market. It is expected that the NDRC will make comprehensive changes in the rules.

Source: Caixin.com, October 14, 2014

http://finance.caixin.com/2014-10-14/100738442.html

Briefings | | October 16, 2014 | Government/Politics

Beijing Suffers Intense Haze

From Oct 7 to Oct 11, Beijing suffered five days of intense haze. A large portion of Northern China was also the victim of haze. In many places, the visibility was below 1 km (0.6 mile). Sometimes it was even below 500 meters (0.3 mile).

The Hong Kong based South China Morning Post reported that, in order to create a clean sky during the upcoming APEC Economic Leaders’ Meeting in Beijing, "employees of government departments, quasi-government institutions, and organizations in Beijing will be granted a six-day holiday starting on November 7 and continuing through November 12." "The meeting will be held on November 10 and 11. The ministers of 21 Pacific-rim governments will meet from November 7."

People’s Daily published an article stating that China’s current smog treatment is ineffective. There have been many theories on the cause of the smog, but no one knows exactly which one is the real culprit. On the simpler pollution treatment issue, local governments are not synchronized. The central government has established a coordination mechanism with six provinces/autonomous regions/cities to treat the air pollution. It includes Beijing, Tianjin, Hebei, Shandong, Shanxi, and Inner Mongolia. However, different local government have different regulations. For example, Hebei’s fine for pollution discharge is only 20 or 30 percent of the amount of fines in Beijing. Some companies would rather move to Hebei to pay the penalty than spend money to treat the pollution.

The local environmental protection agencies do not have enough power to enforce pollution treatment regulations. Many big pollution offenders also contribute a substantial amount of taxes to local governments. As a result, the local governments protect them.

Source:
1. South China Morning Post Online, October 10, 2014
http://www.scmp.com/news/china/article/1613232/beijing-marks-apec-summit-extra-public-holiday-moves-cut-pollution
2. People’s Daily Online, October 10, 2014
http://politics.people.com.cn/n/2014/1010/c1001-25801921.html

Briefings | | October 15, 2014 | Economy/Resources

People’s Daily on North Korea’s Unification Proposal

When South Korean President Park Geun-hye spoke at the Dresden University of Technology in Germany on March 18, she made several proposals on the steps to take toward the peaceful unification of the Korean Peninsula. On October 10, North Korea countered with the idea of establishing the "Democratic Confederate Republic of Koryo (Korea)."

People’s Daily interviewed some think tankers about North Korea’s proposal. Their analysis was that North Korea was afraid that Park’s "Dresden Proposal" would unify the country on an economic basis, which would mean the "peaceful revolution" of North Korea. Therefore North Korea countered with the proposal of a federation system. The think tankers felt that both sides realize that war will not resolve the problem of the peninsula. The two sides should reach an "independent and peaceful unification." However the issue of "independence" remains as the key.

Source: People’s Daily, October 14, 2014
http://paper.people.com.cn/rmrbhwb/html/2014-10/14/content_1487567.htm

Briefings | | October 15, 2014 | Geo-Strategic Trend

Xinhua: Obama Is in Trouble, but the China Card Can Save Him

Xinhua published an article stating that, in the upcoming mid-term election in the U.S., Obama is in trouble. The article suggested that playing the China card can help him get out of trouble. It reported that recent polls, conducted one month before the mid-term election, showed that Obama’s public support was 43 percent, far below the 75-year average of 53 percent. "According to a New York Times report, Obama’s low public support makes him a ‘negative asset’ for the Democrats. Many Democratic candidates in swing states have clearly rejected his help in their campaigns, including Iowa, where Obama started his political life."

The article predicted that Republicans will continue to hold the majority of the House but Democrats may lose the Senate. If that happens, "President Obama will become a complete ‘lame duck.’" Then Obama will not be able to achieve much in the next two years, which is likely to burst the Democrats’ dream of keeping the White House in 2016.

Obama’s domestic challenges include the fact that the living standard for the average American has gone down and he has only done a lot of talking about the immigration reform issue. In international affairs, such as the Ukraine crisis, the wars in the Islamic world, and the outbreak of Ebola, Obama’s reaction has been "slow, weak, and ineffective." "His actions have also given the international community a reason to talk about the ‘Decline of the U.S.’"

The article claimed that Sino-U.S. relations are something that Obama can use to improve his international performance.

Source: Xinhua, October 14, 2014
http://news.xinhuanet.com/world/2014-10/14/c_1112809159.htm

Briefings | | October 15, 2014 | US-China Relations

Central Bank: Companies Not Willing to Borrow in Third Quarter

The well-known Chinese news site Sina recently reported that the Chinese Central Bank found that, in the third quarter of this year, the willingness for Chinese companies to take out loans reached the lowest point since the Bank started recording this number. The managers of most of the state-owned Chinese companies are worried about getting further into the debt. It is widely expected that the Chinese economy will not be able to achieve the goal of a 7.5 percent growth rate that the government set. At the same time, the government is also trying to control high risk loans. In addition, the banks are paying more attention to risk management. Trust companies are reducing their business activities in this downturn – they usually obtain funds from small investors and lend money to real estate developers with higher-than-usual interest rates.

Source: Sina, October 9, 2014

http://finance.sina.com.cn/money/forex/20141009/194920495338.shtml

Briefings | | October 14, 2014 | Economy/Resources

China’s Reaction to Trump’s Election Win

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