Chinascope – Page 914

People’s Daily on the Party’s Leadership in Managing Talent

On October 9, 2012, People’s Daily published an article titled “Improve the Party’s Leadership in Managing Talent; Gather Talent for the Cause of the Party and the Nation’s Development.” It also explained a previous article, “Opinions on Further Strengthening the Party’s Leadership over Talent,” which the General Office of the CCP Central Committee published on September 26, 2012.

According to the articles, the Chinese Communist Party’s leadership over talent is an important principle in talent management work.

Source: People’s Daily, October 9, 2012
http://politics.people.com.cn/n/2012/1009/c1001-19198266.html

Briefings | | October 10, 2012 | Government/Politics

RFA: Chinese People Are Following the U.S. Presidential TV Debates

On October 5, 2012, Radio Free Asia published an article on news in China about the first U.S. Presidential debate. Since the Thursday before the debate, 400,000 news reports about the U.S. presidential election have appeared on mainland China’s social media. Some netizens have opened “U.S. Presidential Election” microblogs, collecting all of the articles about the election. Sina’s official microblog also opened “Micro Topic,” allowing people to discuss the U.S. presidential election.

Many netizens’ messages show how an atmosphere in which ordinary people in a democratic country participate in general elections has an effect on the people in China. They are having new thoughts about democracy. “Only by achieving democracy in the political process can the administration of government be open and transparent.”

Source: Radio Free Asia, October 5, 2012
http://www.rfa.org/mandarin/yataibaodao/sy-10052012111750.html

Briefings | | October 10, 2012 | US-China Relations

Huanqiu Editorial: The U.S. Must Suffer Retaliation for Creating Trouble for China’s Companies

On Oct. 10, 2012, Huanqiu (the Chinese edition of Global Times) published an editorial titled, “The U.S. Must Be Subjected to Retaliation for Creating Trouble for Chinese Companies.” U.S. lawmakers are seeking to block Huawei and ZTE, China’s top network equipment makers, from doing business in the U.S. because of national security reasons.

The Huanqiu editorial asserted, “China needs to be serious about protecting its own enterprises. It should have the courage and the willingness to use state power to retaliate against those countries that make trouble for China’s enterprises. China must take action to let the United States and Europe understand that, if Chinese enterprises encounter trouble in their countries, their companies in China will then become scapegoats. Now is the time for China to show its determination to the United States and Europe.”

Source: Huanqiu, October 10, 2012
http://opinion.huanqiu.com/1152/2012-10/3172166.html

Briefings | | October 10, 2012 | US-China Relations

CRN: Dropping U.S Bond Prices Causes Inflation Concerns

China Review News (CRN) recently reported that U.S. 10-year and 30-year bond prices are dropping. The price drop occurred just at the time when the Federal Reserve announced its QE3 policies, which caused a lot of concern about inflation. The Federal Reserve is scheduled to release its September meeting minutes. The difference between the yields of the inflation-indexed bonds and the regular 10-year bonds is commonly used to measure expected consumer prices. That difference is 2.48 percent, which is higher than the same number collected at the end of last year (1.95 percent). Some experts expressed the belief that the U.S. economy may slow a little bit but won’t fall. The Federal Reserve is to ensure growth and it should monitor inflation. However this may weaken the demand for long term bonds.

Source: China Review News, October 5, 2012

http://www.zhgpl.com/doc/1022/5/8/1/102258102.html?coluid=148&kindid=7551&docid=102258102&mdate=1005174237

Briefings | | October 9, 2012 | Economy/Resources

Xinhua: Holiday Economy Can Be Strategic for Domestic Consumer Spending

Xinhua reported that the recent Mid-Autumn Holidays delivered an unexpected test result on the newly implemented no-fee freeway policy for vehicles with seven seats or less. Stimulated by this new policy, a large number of car owners took the opportunity to travel. As a result, surprisingly strong consumer spending took place at tourist attractions during China’s Golden Week. The holiday, which started on National Day on October 1, commemorates the anniversary of the founding of the PRC on October 1, 1949. National statistics showed that 119 famous tourist attractions reported an average sales increase of 19.47 percent as compared to the same period last year. Freeway traffic volume in Beijing, Shanghai, and Nanjing increased 30 percent to 70 percent. The number of domestic tourists was estimated to reach 345 million for the holiday week alone. However, the extremely high traffic volume in some areas caused major congestion, which also made news. Economists took notes and are studying the value of this phenomenon as a strategic base for stimulating domestic consumer spending so as to give a boost to the falling economy.

Source: Xinhua, October 7, 2012

http://news.xinhuanet.com/fortune/2012-10/07/c_113289037.htm

Briefings | | October 9, 2012 | Economy/Resources

Global Times: Large Japanese Insurance Companies Stopped Offering Strike Policies in China

Global Times recently reported that all large Japanese insurance companies have temporarily stopped offering strike policies to Japanese investors in China. It is widely believed that Japanese investments in China will face much higher risks if the lack of strike insurance continues. Ongoing tension in recent Japan-China relations has resulted in a large number of strikes against Japanese owned companies in China. The Japanese insurers are carefully monitoring the situation and will make decisions about business offerings based on the future developments of the anti-Japan movement in China. Most of the Japanese owned companies in China have an SRCC (Strike, Riot or Civil Commotion) clause in their insurance policies in regards to strike coverage.

Source: Global Times, October 7, 2012

http://finance.huanqiu.com/view/2012-10/3167489.html

Briefings | | October 9, 2012 | Geo-Strategic Trend

Blue Book Suggests the New Media Are the New Driving Force in China’s Social Development

The recently published Blue Book on China’s New Media suggested that, since 2011, the new media have been transforming in terms of their digital and online forms. They have also become the new driving force that impacts China’s social development in the following four areas: 1) Social capability. The number of instant messaging users has grown 17.7 percent since 2010, reaching 415 million, thus surpassing the number of users for search engines, online music, and Internet news. 2) Expression and Participation. The growth in microblog users suggested that more and more people use the new media to explore, express, and participate in social and political discussions. The data showed that the number of microblog users grew from 63 million at the end of 2010 to 274 million in June of 2012, which means that over 50 percent of the Internet users use microblogs. 3) Rapid growth in commercial applications. The rapid growth in using online stores, banking, and shopping suggested that the new media have matured in the development of social applications. 4) Solid growth in cultural and social capabilities. The new media have become the cultural and entertainment platform for users to have access to online news, video, music, and games.

Source: Xinhua, October 4, 2012
http://news.xinhuanet.com/2012-10/04/c_113276781.htm

Briefings | | October 8, 2012 | Information/Technology

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

Xinhua Commentaries: “Exposing the Three Major Political Deficits of the U.S.”

The CCP’s Performing Arts Troupes in the U.S.