Chinascope – Page 997

China Can Endure a 50% Decline in Housing Prices

On November 21, 2011, China Securities Journal published an article under the name of Chen Bingcai from the Chinese Academy of Governance titled, “The Fall of Housing Prices Will Benefit Industrial Restructuring.”

Chen claimed that the decline in the price of housing is a trend that will be helpful to an industrial structural adjustment. He suggested that China can endure a 50% decline in housing prices. First, Chinese banks can still get back the principle on their mortgage loans because housing prices have increased 50% to 80% over the last two years. Second, lower home prices are good for the lower end consumers. Third, a drop in real estate prices will not affect owners who occupy their homes (and therefore intend to keep them).

Source: China Securities Journal, November 21, 2011
http://www.cs.com.cn/xwzx/05/201111/t20111121_3135719.html

Briefings | | November 23, 2011 | Economy/Resources

The PLA Establishes Strategic Planning Department

According to China News, on November 22, 2011, the China’s People’s Liberation Army (PLA) established a Strategic Planning Department.

Under the General Staff Headquarters, the newly founded PLA Strategic Planning Department’s main functions include studying critical strategic issues, drafting plans and reform proposals for the PLA’s development, submitting suggestions on the allocation of the PLA’s strategic resources and overall management, coordinating cross-headquarters and cross-field issues, and examining and evaluating the implementation of plans for the PLA’s development.

Source: China News Service, November 22, 2011
http://www.chinanews.com/gn/2011/11-22/3479037.shtml

Briefings | | November 23, 2011 | Defense/Military

Maintaining Tight Control over Ideology

[Editor’s Note: Qiushi Journal republished an article from the Contemporary World and Socialism magazine on the Chinese Communist Party’s (CCP’s) control over ideology work, which includes establishing, deciding on, shaping, and disseminating ideology. [1] The author, Wang Yonggui, is a scholar at the School of Marxist Studies at Nanjing Normal University. In the article, Wang stressed that the Party’s control over ideology “cannot be loosened for a single moment” and that “strengthening the Party’s sole leadership over work in ideology is an important weapon for the CCP’s success.” The following are excerpts from the article.]

Continue reading →

Reports | | November 22, 2011 | Report

Wen Jiabao: China-Japan-Korea Free Trade Zone Negotiation Starts Next Year

Beijing News reported that, on November 19, 2011, Chinese Premier Wen Jiabao met with Japanese Prime Minister Yoshihiko Noda and South Korean President, Lee Myung Bak. Wen called for an intensified joint effort to complete the research work on the free trade zone of the three nations. He expected the free trade negotiation to start next year and a completion of the investment negotiation as early as possible. China, Japan and Korea are the three most important nations in the East Asia region. The sum of the GDP of these three countries accounts for more than half of the GDP of the entire East Asia region. However, a researcher at the Chinese Academy of Social Sciences expressed the belief that the three nations have to build political trust first.

Source: Beijing News, November 20, 2011
http://epaper.bjnews.com.cn/html/2011-11/20/content_293741.htm?div=-1

Briefings | | November 22, 2011 | Geo-Strategic Trend

Research Results on the Made in China Commercial

Beijing News recently published a report on the “Made in China” commercial sponsored by the Ministry of Commerce. The commercial has run on CNN, the BBC, and other European and North American media since 2009. The Ministry did not release the cost officially, but it was estimated to be in the millions of dollars. A Hong Kong based researcher released a recent report that showed the commercial was “generally effective.” However, half of the viewers surveyed said that the commercial did not impact them at all. Compared to another “National Image” commercial that the same Ministry also sponsored, the “Made in China” one was much more successful. About seven percent of viewers had a positive view of the “National Image” commercial while the number of people having a negative view increased by 10% after seeing it. BBC research showed the same result.

Source: Beijing News, November 16, 2011
http://news.bjnews.com.cn/2011/1116/138896.shtml

Briefings | | November 22, 2011 | Government/Politics

CRN: What the TPP Means to China

China Review News (CRN) recently published an editorial on what impact the United States spearheading the Trans-Pacific Partnership (TPP) will have on China. The editorial expressed the belief that the TPP, if successful, will enhance the strategic advantage of the U.S. in East Asia, while weakening China’s influence. The author suggested that China currently has the upper hand in terms of free trade agreements in East Asia. However the U.S. is now trying to take the lead in this region by taking advantage of work with its political and military allies. It seems the TPP rules are designed to eliminate the chance for China to join, especially on the fronts of government purchases, intellectual property protection, and state-owned companies. The editorial suggested that China can bypass the TPP by negotiating free trade agreements directly with TPP countries, even if China is excluded from the TPP.

Source: China Review News, November 17, 2011
http://gb.chinareviewnews.com/doc/1019/0/8/0/101908005.html?coluid=53&kindid=0&docid=101908005&mdate=1117080446

Briefings | | November 22, 2011 | Geo-Strategic Trend

VOA: China to Recruit Technology Experts from Overseas

As China’s demand for technology experts continues to rise, Chinese leaders are more and more conscious of how important it is to have technology experts help China grow. The Chinese government has adopted a series of measures to attract Chinese students who have studied abroad to return to China. The “Thousand People Plan” was introduced at the end of 2008. If offers incentives to attract high tech expertise from overseas to work in China. In June 2010, the State Council issued a mid to long term plan to develop technology experts. At the 10th conference on the international Exchange of Professionals that was held in Shen Zhen on November 5, 2011, the Chinese government announced that it will allow foreigners to hold senior positions in the scientific field or state owned enterprises. It will offer them compensation to match the level of pay they would receive in the U.S. and provide them with long term visas to live in China.

Professor Yan Xuetong, the Director of the Institute of International Studies, Tsinghua University, predicts that the future competition between China and the U.S. will be in technology, education, and expertise. Yan said, “Whichever country can attract the experts will be the most powerful.” He also believes that China doesn’t just need technology experts; it also needs experts who are capable of strategic thinking.

Source: Voice of America, November 17, 2011
http://www.voanews.com/chinese/news/20111117-china-talent-war-134070808.html

Briefings | | November 21, 2011 | Geo-Strategic Trend

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.