Skip to content

New Chinese Stealth Frigate Commissioned

On March 12, 2013, at a naval port at Zhoushan, Zhejiang Province, the People’s Liberation Army Navy officially commissioned a new Chinese next generation of stealth frigates.

According to Sun Min, a military representative that supervised the manufacturing process, the new frigate has three distinctive features. It has low tonnage but comprehensive equipment; it has a completely automated control cabin; and it can be produced in large quantities. “According to our plan, the frigate will most likely become the largest group of military vessels, to be manufactured concurrently by multiple shipyards with strong capabilities, a first in the Chinese history of frigate manufacturing.” The vessel has not incorporated many new stealth technologies, added Sun.

Source: Huanqiu, March 19, 2013
http://mil.huanqiu.com/china/2013-03/3748371_3.html

People’s Daily Online Launches Hong Kong Branch

The network department of the Chinese Communist Party’s official newspaper, People’s Daily, People’s Daily Online Co., Ltd. has established a Hong Kong branch. The inaugural ceremony was held in Hong Kong on Tuesday, March 19, 2013.

People’s Daily Online, born in 1997, appears in 15 languages ​​and 16 editions, with 24-hour rolling news reports. Liao Hong, the president of People’s Daily Online, said at the inaugural meeting, that the expansion of People’s Daily Online to Hong Kong was to "build a platform for communications between the government and the people and to promote social harmony." According to Liao, People’s Daily Online has no plans, in the short term, to be listed on the Hong Kong stock exchange.

In recent years, China’s official media have continuously expanded overseas. Newspapers and TV networks have launched or expanded their businesses in the West by setting up offices in Western Europe and the United States. People’s Daily Online, which has 29 domestic branches, has already been operating overseas branches in the United States, the United Kingdom, Japan, Korea, Russia, Australia, and South Africa.

Source: BBC Chinese, March 20, 2013
http://www.bbc.co.uk/zhongwen/simp/china/2013/03/130320_people_daily.shtml

British FT Chinese on the Reform of China’s State-Owned Enterprises

On March 5, 2013, the Financial Times Chinese website published an article on how the Chinese state-owned enterprises should be reformed. The article suggested to 1) gradually break up the monopolies and create a market environment for fair competition; 2) manage and share the State-owned enterprises’ huge profits with the entire society. 

By the end of 2012, there were 10.8572 million national private enterprises, with 31.1 trillion yuan of registered capital and 20.1 trillion in sales revenue; there were 120 central government enterprises attributable to the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), with total assets of 31.2 trillion yuan and 22.5 trillion in operating income.

Source: The Financial Times Chinese, March 5, 2013
http://www.ftchinese.com/story/001049183?full=y

Chinese Scholar Criticizes the U.S. for Launching Iraq War

On March 20, 2013, People’s Daily published an article titled “A Typical ‘Multi-Failure’ War.” Li Shaoxian, Vice President of the China Institute of Contemporary International Relations (CICIR) authored the article. According to Li, there have been no winners in the Iraq War that was launched on March 20, 2003. Ten years have passed; thousands of civilians have died in the terrorist bombing; and the nation is seriously split apart, which restricts the reconstruction and development of post-war Iraq. The war led to a serious geopolitical power imbalance in the Middle East. The cost of the war to the U.S. was both the huge military expenses and several thousand lives of American officials and soldiers. As to the evidence to start the war (Saddam Hussein possessed weapons of mass destruction and had connections with terrorist organizations), it turned out to be fabricated. The United States suffered a significant loss to its international reputation.

The article concluded that the Afghanistan War, Iraq War and Libya War, which the U.S.-led Western countries initiated, all brought serious consequences to those countries.

Source: People’s Daily, March 20, 2013
http://world.people.com.cn/n/2013/0320/c1002-20845492.html

China Has Become the World’s Fifth Largest Arms Exporter

According to the Stockholm International Peace Research Institute (SIPRI), a respected think tank based in Sweden, China has become the world’s fifth-largest arms exporter. Pakistan is the largest recipient of Chinese arms, accounting for 55 percent of Chinese arms exports.

“China replaced Britain in the list of the top five arms-dealing countries for the period between 2008 and 2012. According to SIPRI, the United States and Russia dominated the group, accounting for 30 percent and 26 percent of weapons exports.” Germany and France ranked third and fourth on the list of arms exporters.

China is also the world’s second largest arms importing country. The number of arms China imported from 2008 to 2012 accounted for 6 percent of the global total. The top arms importers between 2008 and 2012 were India, China, Pakistan, South Korea, and Singapore.

Source: Reuters Beijing and BBC Chinese, March 17 – 18, 2013
http://www.reuters.com/article/2013/03/17/us-china-arms-exports-idUSBRE92G0L120130317
http://www.bbc.co.uk/zhongwen/simp/china/2013/03/130318_china_arms.shtml  

People’s Daily: Xi Jinping Will Soon Visit Russia

People’s Daily recently reported that the new Chinese Premier, Li Keqiang, said at a press conference that the new Chinese President, Xi Jinping, will soon visit Russia. This will be the first country Xi visits as President. Li suggested that this planned visit itself represents the importance of the China-Russia relationship. Li expressed the belief that the political relationship between the two countries is currently “very good, so that the focus should be on actionable cooperation plans.” Li also suggested that the China-Russia trade volume could easily increase several times more “without a problem.”
Source: People’s Daily, March 17, 2013
http://cpc.people.com.cn/n/2013/0317/c164113-20816833.html

Xinhua: Li Keqiang Commented on Pollution and Food Safety

Xinhua recently reported that, in his first press conference as the Premier, new Chinese Premier Li Keqiang discussed his views on pollution and food safety. Li expressed deep regret about the recent massive air pollution covering Beijing and a large part of eastern China. He suggested that action had already been taken to deal with known sources of air pollution, as well as water and soil pollution. Li also emphasized the importance of fighting the illegal activities that threaten food safety. He promised to enforce the laws that govern the food supply industry. Additionally, Li also suggested four new actions: (1) raising environmental protection requirements; (2) replacing outdated manufacturing equipment; (3) holding the government responsible; (4) improving information transparency.
Source: Xinhua, March 18, 2013
http://news.xinhuanet.com/tech/2013-03/18/c_124469231.htm

CRN: Chinese Currency Supply Causes Concern

China Review News (CRN) recently published a commentary that discussed the newly released currency supply level number. According to China’s central bank, February’s M2 number reached RMB 99.86 trillion, which represents a 15.2 percent increase over last year. M2 is a broader classification of money supply. Economists use M2 when looking to quantify the amount of money in circulation. The Chinese central bank expressed a strong intent to manage the risk of inflation. The new number set a record for the money supply in Chinese history. It is also the highest in the world, which is 1.5 times higher than the U.S. Dollar. However the author of the commentary suggested that China needed to print more money to satisfy the rapid increase in currency demand in the services industry, which includes the financial sector that historically has suffered low-efficiency. In spite of some special cases that temporarily created currency demand, the article called for more conservative money supply policies.
Source:  China Review News, March 16, 2013
http://www.zhgpl.com/doc/1024/7/1/2/102471261.html?coluid=53&kindid=0&docid=102471261&mdate=0316072620