The International Herald Leader, which is under Xinhua News, recently published an article by Li Li, a special military commentator with Chinese Central Television (CCTV). Li suggested that, in the past year, military investment around the globe has increased rapidly, especially in the Asia-Pacific region. Examples are India and Russia – both had military spending plans for the next decade that were on the level of US$100 billion. Another important characteristic of the trend is that significant high-tech weapon development projects started in the last year, such as the U.S. supersonic missile project. Li believed that, last year, Southeastern Asia countries reached a very high military spending level in their respective arms procurement history. The article also expressed the concern that this new development is casting a negative shadow over the region. The article ended by asking the Chinese general public to be more “sensitive” on defense issues.

Source: International Herald Leader, January 9, 2012
http://news.xinhuanet.com/herald/2012-01/09/c_131344083.htm

On January 10, 2012, the Chinese People’s Association for Friendship with Foreign Countries and the China Central Asia Friendship Association hosted a ceremony at the People’s Hall in Beijing. State Councilor Dai Bingguo attended the reception. The purpose of the ceremony was to commemorate the 20 year anniversary of establishing bilateral diplomatic relations between China and Uzbekistan, Kazakhstan, Tajikistan, Kyrgyzstan, and Turkmenistan. In the speech that Dai gave at the ceremony, he said, “China and Central Asian countries have become inseparable good neighbors, good friends, and good partners. No matter what will happen in the international environment, China will unswervingly carry out the diplomatic policy of being friendly to its neighbors and being partners with its neighbors.

Source: People’s Daily, January 11, 2012
http://politics.people.com.cn/GB/70731/16850441.html

Zhang Yansheng, head of the Research Institute of Foreign Economic Relations under the National Development and Reform Commission warned developing countries that developed countries may get out of the current crisis at the  expense of emerging markets. Particularly, he wrote, “There are many ways for developed countries to transfer crises [to developing countries]. They can create bubbles and trade friction among developing countries. They can instigate financial instability through printing money and lowering interest rates, and they can use a variety of economic means to suppress emerging economies. When developed countries rise again, the bubbles in emerging economies will burst, which will plunge them into a prolonged recession. Historically, developed countries have invariably transferred and gotten out of crises at the expense of emerging economies.”

Source: Xinhua, January 9, 2012
http://news.xinhuanet.com/herald/2012-01/09/c_131344120.htm