Yixin Wealth (Credit Ease) and the Lianban Finance Institute recently released a report on the distribution of wealth in China. According to the report, the top 10 percent of the population owns 63.9 percent of the wealth in China.
Report on Indices of Government Transparency
On February 25, the Institute of Law under China’s Academy of Social Science (CASS) and the Social Sciences Academic Press jointly released the Annual Report on China’s Rule of Law (the Blue Book on the Rule of Law).
China Youth Daily: Environmental Protection Draws the Most Public Attention
A China Youth Daily team that monitors online public opinions issued a report on February 27. The report, based on a calculation of the amount of keyword-tagged information that has appeared at various online platforms since March 2013, came up with the top ten hot topics of public opinion, namely: environmental protection, anti-corruption, social security, food and drug safety, the stability of (housing) prices, Internet regulation, reform of the household registration system, judicial reform, health care reform, and social mores.
The issue of "environmental protection" rose to the top of the list, with three times more online discussions than the No.2 issue of anti-corruption. Of the 68 million online discussions, more than 70 percent (70.8 percent) of the netizens focused on PM2.5, a measure of particles less than 2.5 micrometers in diameter found in the air, which are believed to pose the greatest health risk. With over 48 million discussions on the matter it had more than a one third (35.6 percent) jump over last year. China Youth Daily received responses to over 1,000 questionnaires on how to deal with the air pollution. Approximately one third (29.3 percent) of the respondents called on the Government to strengthen its regulatory responsibility.
The topic of "anti-corruption" and "social security" ranked No. 2 and No. 3. on the list. The amount of total online discussion was about 22 million each, with a difference of only 3 percent. These two issues have made the list three years in a row, but the change this year is that "anti-corruption" jumped to No.2.
Source: China Youth Daily, February 27, 2014
http://zqb.cyol.com/html/2014-02/27/nw.D110000zgqnb_20140227_1-03.htm
[We] Should Not Be Blindly Optimistic about Talk that the “U.S.-Japan Relationship Is Breaking Down”
The People’s Daily website recently published an opinion article about a breakdown in the relationship between the United States and Japan. Below is an excerpt from that article:
In January the Number of Housing Transactions in Beijing Hit Second Lowest in Nine Years
The Yahao Real Estate Selling and Consulting Solution Agency recently released statistics on the Beijing housing market. According to those statistics, in January 2014, there were a total of 6,908 transactions in the Beijing real estate market. These properties covered 744,200 square meters. In terms of the number of transactions and the total square meters of the properties involved in the transactions, the figures represented a 40 to 50 percent drop compared to December 2013 and to the same period in January 2013.
Hundreds of Workers Protested in Qinghai Province
On Monday, February 17, 2014, hundreds of workers from the Xining City Western Mining Company in Qinghai Province rallied in front of their company’s office building demanding that they be paid the dividends for the shares they had invested. Even though the company has made good profits and these workers have been the company’s shareholders for 9 years, they have never received any dividends from the company. Special policemen cracked down on the protesters at the rally. Many were injured and arrested.
Source: Oriental Daily, February 21, 2014
http://orientaldaily.on.cc/cnt/china_world/20140221/00178_001.html
Study Times: Take the Initiative to Move Forward on the Road to RMB Internationalization
On February 24, 2014, Study Times, the publication of the Party School of the Central Committee of the CCP, published an article titled “RMB Internationalization Leads Chinese Economic Breakthrough.” The article reported that the People’s Bank has signed a currency swap agreement with the European Central Bank and the Bank of England, two of the three “World Central Banks.” According to the article, a currency swap with major world powers is a convenient way to realize the internationalization of the RMB. China’s economy has reached a critical juncture. It is time to take the initiative to move forward on the road of RMB internationalization. However, a currency war may be bloody and violent.
Source: Study Times, February 24, 2014
http://www.studytimes.com.cn/shtml/xxsb/20140224/3929.shtml
The Chinese Communist Regime’s Strategies to Overpower the U.S.
The Chinese Communist Party (CCP) ghost is still behind every building block of Chinese society, while China’s economy has expanded to a scale comparable to that of the U.S. People who live in a society that doesn’t require having to face the CCP in their daily lives tend to underestimate the Party’s impact.
Although the U.S. government and the American people have never been China’s enemy, due to their conflicting ideologies, U.S. democracy and its values have presented the biggest threat to the CCP’s continued existence. This has been particularly true since the CCP attempted economic openness at the international level, while still trying to keep its political system unchanged. How the communist regime views and treats U.S.-China relations has therefore become quite complex.