It Will Take Five Years to Deplete China’s Housing Inventory
On June 13, 2014, China Business News (also called First Financial Daily or Yicai) reported that, as of the end of 2013, 4.863 billion square meters of residential housing were under construction. Based on the annual average sales between 2009 and 2012, it will take five years to deplete the 4.863 billion square meters, assuming there are no other new developments after 2014. Thirty five major cities have hit a record high in their housing inventories. Twenty nine of them have shown an increase over last month. Three of those hit the hardest are Nanchang with an increase of 77.4 percent; Ningbo with 60.9 percent, and Jiujiang with 56.9 percent. According to analysts, using five to ten months as the normal time to deplete the inventory, starting from March 2014 it will take 100 months in Tangshan, 57 in Wuxi, 39 in Tianjin, 36 in Ningbo, 33 in Shanghai, 33 in Hangzhou and 30 in Xian.
Xinhua: U.S. Intends to Hit “Three Birds” by Placing Anti-Missile Defense in East Asia
Xinhua published a commentary on the U.S. deployment of its anti-missile system in East Asia. The following is an excerpt from the Xinhua article:
State Media on One Country, Two Systems
China’s two state media, Xinhua and People’s Daily, both published editorials on the white paper titled, “The Practice of the ‘One Country, Two Systems’ Policy in the Hong Kong Special Administrative Region.” China’s State Council issued the white paper on June 10, 2014.
Study Finds China’s Homeownership Rates and Housing Vacancy Rates Are High
Chinese Military Experts Say U.S. reports on China’s Military Developments Show U.S. Anxiety
On June 6, the U.S. Department of Defense released the "2014 Annual Report on Military and Security Developments Involving China." Chinese military experts commented that the report continued the "China threat theory" platitudes and the "Cold War" mentality from previous years. It reflected the United States’ two-pronged strategy of both "contacting" and "guarding against" China; it was filled with "anxiety" about China’s development of its military defenses.
State Council Explains One Country, Two systems Policy in Hong Kong
On June 10, 2014, the Information Office of the State Council issued a white paper giving China’s explanation of the "one country, two systems" policy in Hong Kong, titled “The Practice of the ‘One Country, Two Systems’ Policy in the Hong Kong Special Administrative Region.”
Global Times: China Can Use the Gun to Solve Territorial Disputes
Global Times, or Huanqiu Shibao, a state newspaper under People’s Daily with a focus on international news, published an article stating that it is perfectly fine for China to "fire a gunshot" when dealing with territory disputes with its neighbors.
The article argued that peaceful development and regional war coexist in the world. "A country should have the right to development, the right to peace, and the right to have a war." "During China’s peaceful rise, to safeguard the sovereignty of its national territory and its ocean rights," China can "selectively choose to use force or peaceful negotiations." There is no need to tie its hand with the notion of "peaceful development."
"China’s renaissance includes economic development, as well as safeguarding its ocean territory and recapturing its lost islands." When the opportunity for recovering its lost territory comes, China should not hesitate to grab it.
Source: Global Times Online, June 10, 2014
http://mil.huanqiu.com/observation/2014-06/5015795.html