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Qiushi on Universal Values

[Editor’s Note: Qiushi, a Communist China periodical on political theory, published an article criticizing "universal values" at the theoretical level. The article argued that "universal values" is just a fantasy term that the capitalists use to cover up the reality of the capitalist political and economic system, where money controls everything. It denounced the elite group in China that promotes "universal values" and declared that it is the most dangerous enemy of the Chinese people. The following is an excerpt from the article.] [1]

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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. 

Source: China Business News, June 13, 2014
http://www.yicai.com/news/2014/06/3924379.html

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:

 
“Recently, the United States media disclosed, one after another, that the United States is considering deploying its terminal high altitude area defense (THAAD) system in Korea. The Vice Chairman of the Joint Chiefs of Staff has publicly vowed to strengthen missile defense cooperation with Korea. Seeking to strengthen anti-missile deployment in East Asia is another major trend for the United States."
“From the current situation in the Asia-Pacific region and the background of the U.S. promoting a ‘rebalancing Asia’ strategy, the United States is trying to achieve three main objectives.” 

“First, through deploying its anti-missile facilities in Korea, it can advance the layout of its East Asian missile defense systems, thus boosting U.S.-Japan-Korea trilateral military cooperation. 

“Second, the United States can defend any ‘missile threat’ from related countries [North Korea and Russia]. 

“Third, the United States is using cooperation on missile defense in the region in an attempt to sell arms.” 

“The U.S. deployment of an East Asia anti-missile network will have multiple negative impacts in the region. “The biggest impact will be the destruction of strategic stability in Northeast Asia and the subversion of China’s national security. Since 2013, the United States has been advancing East Asian missile defense deployment continuously. Compared to the other military measures of the U. S. ‘rebalancing Asia’ strategy, deploying its anti-missile system, if it continues, will present China with more real and more profound pressure on its national security.” 

Source: Xinhua, June 11, 2014 
http://news.xinhuanet.com/globe/2014-06/11/c_133394093.htm

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. 

Xinhua’s editorial stated that, unfortunately, some people in Hong Kong do not understand "one country, two systems" and the Basic Law. “Some incorrect views on economic, social, and political issues are affecting social security, economic development, democracy, and progress in Hong Kong, and are causing problems …” Xinhua further stated that one should always be alert to external forces using Hong Kong to interfere with China’s domestic affairs and should prevent and contain the handful of Hong Kong people who disrupt the implementation of "one country, two systems" in collusion with those external forces. 
People’s Daily emphasized that being patriotic to Mainland China is a basic political requirement for Hong Kong’s self-rule and that Hong Kong must be ruled by those Hong Kong people who are patriotic toward Mainland China. 
Sources: 
Xinhua, June 10, 2014 
http://news.xinhuanet.com/gangao/2014-06/10/c_1111077352.htm 
People’s Daily reprinted by Xinhua, June 11, 2014 
http://news.xinhuanet.com/gangao/2014-06/11/c_126605318.htm

Study Finds China’s Homeownership Rates and Housing Vacancy Rates Are High

On June 10, China’s Southwestern University of Finance and Economics (西南财经大学) released a report showing the results of a study on the country’s housing market. The report showed that, in 2013, the rate for home ownership in China was as high as 90.8 percent. The rate was 95.8 percent for rural homes and 87.0 percent for urban homes. The rate measures the percentage of homes that were owner occupied. The statistics showed the rate was 65 percent in the U.S., 60 percent in Japan, and 63 percent for the entire world. The urban ownership rate for multiple homes, which gauges the percentage of urban families that own multiple homes, was 18.6 percent in 2013, an increase of 2.7 percent over the figure for 2011. In March of 2014, the urban multi-home ownership rate jumped to 21.0 percent.
In 2013, China’s urban housing vacancy rate, the proportion of the homeowner inventory that was vacant for sale, was 18.6 percent, 1.8 percent higher than the rate in 2011. The report estimated that there were 48.98 million vacant homes in urban China. Outside of China, the housing vacancy rate was between 1 percent and 3 percent in the U.S., below 5 percent in Hong Kong, around 9.5 percent in the EU countries, 13.1 percent in Japan, and 17.6 percent in Taiwan.
Interestingly, the vacancy rate for low-end housing, that is, government subsidized low price housing sold to low-income earners, was as high as 23.3 percent. The study also showed that the proportion of ownership of low-end housing is the highest among the top 25 percent of households in terms of income level, while 27.5 percent of the low-end housing owned by the top 25 percent of households is empty. The report concluded that "a serious waste of resources exists and there is a ‘mismatch’ in the allocation of low-end housing."
Source: Beijing Youth Daily, June 11, 2014
http://epaper.ynet.com/html/2014-06/11/content_64516.htm

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. 

Zhao Weibin, Colonel from the Research Center of Sino-U.S. Defense Relations at the Academy of Military Sciences, said that the report reflected the United States’ suspicions about China’s strengthening of its defense forces. The U.S. will also use that as an excuse for its own development of information warfare, cyber warfare, and space warfare. 
Zhao said, "As the development of China’s armed forces becomes more diversified, the United States will go from ‘concern’ and ‘worry’ to a state of ‘anxiety’ about China’s military modernization. Through the publication of the report on Chinese military power, the United States aims to damage China’s international image and even demonize China so as to enhance the international community’s concerns and fears about China. The intention to suppress and contain China as part of its global strategy is very clear.” 
Major General Peng Guangqian, Deputy Secretary of the National Security Policy Committee of the China Association of Policy Science, said that the more irresponsible the remarks the United States makes about China’s national defense, the more China should stay calm, quietly pursue peaceful development, and adhere to a defensive national defense policy. "After all, the U.S. provocations will never have a significant effect." 

Source: People’s Daily, June 9, 2014 
http://military.people.com.cn/n/2014/0609/c1011-25120199.html

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.”

The white paper explained that the "two systems" means that, within the "one country" the main body of the country practices socialism, Hong Kong and some other regions practice capitalism. “The ‘one country’ is the premise and basis for the ‘two systems,’ and the ‘two systems’ is subordinate to and derived from ‘one country.’ … The main body of the country must practice socialism and that will not change.” 
The white paper further stated that for Hong Kong to retain its capitalist system and enjoy a high degree of autonomy with the "Hong Kong people governing Hong Kong," “Hong Kong must fully respect the socialist system practiced on the mainland in keeping with the ‘one country’ principle and, in particular, the political system and other systems and principles in practice.” The white paper also warned that it is necessary “to stay alert to the attempts of outside forces to use Hong Kong to interfere in China’s domestic affairs and to prevent and deter attempts by a very small group of people who act in collusion with outside forces to interfere with the implementation of ‘one country, two systems’ in Hong Kong.” 

Source: Xinhua, June 10, 2014 
http://news.xinhuanet.com/gangao/2014-06/10/c_1111067166.htm

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