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Friday
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23rd of July 2010

 

The Lion Awakes 

News at a Glance

 

今天的中国新闻

A compilation of Headlines + Brief Summary from Chinese & International Publications relating to China.

Just 5 Minutes each day to be up-to-date on the News of China

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China News Archive

From 2008

 

 

 

 

 

China Daily

 

Dark clouds shadow Yangtze before flood crests arrive

People watch the Yangtze River as dark clouds pass overhead July 22, 2010, in Wuhan, Central China's Hubei province. Spectators were waiting for the next round of flood crests which arrived on Thursday nigh



China Daily

Party leadership to convene session, focusing on Plan

BEIJING -- The 17th Central Committee of the Communist Party of China (CPC) is scheduled to hold its fifth plenary session in Beijing in October to discuss the formulation of China's 12th Five-Year Program (2011-2015)

The coming five years will be a key period to build a moderately prosperous society and a period to tackle the thorny problem of deepening the reform and opening-up process and accelerating the transformation of the economic development pattern, a statement issued after the Political Bureau of the CPC Central Committee met here Thursday said.

The program shall be suit the changes in the domestic and international situation and meet the public's demands for a better life, the statement said.

 

Beijing's population surges near 20 million

Beijing municipal people's congress revealed this week that the Chinese capital now has 19.72 million inhabitants, growing by over 3% in the past 2 years.

Previous estimates had predicted that the city's population would swell to that level a decade later than it has. According to the guidelines regarding Beijing's development between 2004 and 2020 set by the State Council, the number of permanent residents living in capital should have been capped below 18 million until the end of 2020.

Photo courtesy of China Daily

 

Pakistan navy vows to expand co-op with China

Pakistan's navy is very satisfied with the performance of the F-22P frigate it bought from China and hopes to further the cooperation with the nation, said Admiral Noman Bashir, Pakistan's Chief of Naval Staff.

Two of the four F-22P frigates it ordered are already in service in Pakistan Navy, with the third one scheduled to be commissioned on September 15 this year. It's also expected that all four ships will be in service by 2013.

 

Change ways of thinking to progress

What is wrong with us Chinese, I wondered recently.

Many of us talk incessantly about uncivilized behavior by compatriots to justify the argument that fellow Chinese need to become more civil in their dealings with others. Yet, the same set will cut corners to achieve what they want, merely to safeguard vested interests.

On this topic, it is apt to talk further about Chu Yu's book, Criticism of Chinese People's Thinking, which was published recently.

Chu points out in the book that there is always a big gap between what most Chinese say and what they do. And, this lack of coherence between speech and action is fundamentally due to the fact that there is something wrong with the way we think, he says.

Kaixin - An interesting opinion on Chinese contemporary thinking

 

VIDEO - Tibet village official

The video tells the story of Dan Song, a Tibet University graduate who went to CHINALCO New Village of Yanduo Township, Zha’yab County, Qamdo Prefecture, Tibet, to serve as a village Party branch secretary

 

 



 

Global Times

Editorial - Smart planning could reduce toll


News about raging floods throughout a major part of the country has been making a media splash for months. The 700- plus people who died so far this year is heart-wrenching, not to speak of the more than 640,000 houses that were destroyed and more than 7 million hectares of farmland inundated.

Although the figures are an improvement over those from the 1998 floods that claimed more than 1,400 lives, it is no time for the nation to go off alert, especially when Northeast China has been pounded by the worst rainfall since 1951, and typhoons like Chanthu are sweeping through South China one after another.

For any country in the world, the loss of 700 lives in one flood season is shocking. The fact that it happened in the largest rising power only exposed the distance between China and developed countries.

 

S.Korean media traps US in diplomatic dilemma

The long-awaited US aircraft carrier finally arrived in South Korea. According to the US military, the George Washington aircraft carrier of the 7th Fleet and three destroyers were scheduled to arrive in South Korea late yesterday, preparing for the US-Korea joint military exercises in the Yellow Sea and the Sea of Japan.

In the "media war" about whether the US aircraft carrier should be sent, people from diplomatic and military fields and think tanks in South Korea, the US and China have frequently expressed their opinions. The incident continues to heat up after being stirred by the media.

It is neither the first time, and unlikely the last time that an US aircraft carrier has par-ticipated or will participate in such joint military exercises with allies like Japan and South Korea.

Is the exercise this time very different just because it is held in the Yellow Sea?

 

Aisa Times Online - China's pro-missile navy sinks carriers
By Peter J Brown

United States-South Korea joint exercises in the Yellow Sea involving the aircraft carrier USS George Washington, entitled "Invincible Spirit", have irritated China, but also put focus on its own naval prowess. Beijing will soon deploy aircraft carriers, but the People's Liberation Army Navy does not plan to emulate the US's dependence on carrier battle groups, instead favoring a missile-centric strategy

 

 

International News Sources

 

Caixin Online

Payback Time for State Firms Tied to Payoffs

Dozens of Chinese state-owned enterprises are in the hot seat after former officials at a U.S. company admitted widespread bribery

(Shanghai) - When the U.S. government announced last year that former executives at California-based valve manufacturer Control Components Inc. (CCI) had pleaded guilty to numerous counts of bribery, employees at dozens of companies in China heaved a huge sigh of relief.

 

ABC's Top Banker Trains an Elephant to Dance

Agricultural Bank of China's Xiang Junbo describes the run-up and rationale for the world’s largest IPO

(Shanghai) – It took Agricultural Bank of China executives three years to complete internal reforms, restructure the state-owned giant and launch an initial public offering.

ABC Chairman Xiang Junbo, for whom the arduous process climaxed in July with a dual listing in Hong Kong and Shanghai, notes that certain animal trainers need similar patience.

"Making elephants dance," Xiang said with a smile, "is really not easy."

 

The Wall Street Journal   China RealTime Report

China Topped BP’s Energy Rankings, Too

Chinese authorities were quick to dismiss as “not very reliable” the International Energy Agency’s announcement that China was the world’s biggest energy consumer last year, ending a century of U.S. dominance.

 

Commodities Slowdown Sends Shivers

BEIJING—A slowdown in China's headlong economic growth, while moderate so far, is reverberating through global markets because of the country's outsize role as a buyer of metals, minerals and other commodities.

 

Beijing Considers Plan To Move Its Currency Further From Dollar

BEIJING—China will consider publishing an effective exchange rate for the yuan against a range of other currencies in an effort to de-emphasize its value against the dollar, in a further indication of how Beijing plans to manage the yuan since effectively decoupling it from the U.S. currency.

People's Bank of China Vice Gov. Hu Xiaolian said in comments published on the central bank's website Thursday that China will consider gradually moving toward using the effective exchange rate as a reference point for the yuan. The effective exchange rate is an estimation of the value of a currency relative to a ...

Aisa Times Online - China's time to draw the line
By Antal E Fekete

Milton Friedman's theory of floating exchange rates, on which the international monetary system has been based since 1971, has given rise to a coercive regime in the sense that International Monetary Fund (IMF) statutes forbid member countries from stabilizing the value of their currencies. A country attempting to do that is branded "a currency manipulator" and is threatened with trade sanctions.

The prohibition is understandable. It is designed to protect the scheme whereby the US dollar balances of the surplus countries are stealthily embezzled.

Antal E Fekete has since 2001 been consulting professor at Sapientia University, Cluj-Napoca, Romania. In 1996, Professor Fekete won the first prize in the International Currency Essay contest sponsored by Bank Lips Ltd of Switzerland.

Kaixin - A Must Read

 

EU Knocks China on Purchasing Rules

SHANGHAI—European Union Trade Commissioner Karel De Gucht criticized China's procurement rules, saying recent changes to legislation favoring indigenous innovation aren't enough to address complaints of discrimination against foreign vendors.

On a visit to Shanghai on Thursday, Mr. De Gucht also hit on another source of growing tension between China and its trading partners, fears about the country's restrictions on exports of certain minerals.

Speaking at an event at the Shanghai World Expo, Mr. De Gucht said China needs to improve investment opportunities for foreign companies, as European businesses are raising "serious questions" about China's procurement policies. Many companies have expressed ...

 

I.H.T. Op-Ed Contributor

Cantonese, Please

HONG KONG — I had always presumed that speaking to your child in your native tongue was the most natural thing in the world. Apparently not everyone thinks so.

When we held a birthday party for our two-year-old daughter several months ago, I had a bit of a shock.

 

The New York Times

Letter from China
A Grim Chapter in History Kept Closed


BEIJING — On a day in late March, Zhang Dazhong, one of China’s richest men, struggled to speak through tears as he addressed his assembled guests.

“My mother died 40 years ago this year, but I never held a decent memorial for her,” Mr. Zhang said. On the stage about him, in the red-carpeted hall of a luxury hotel, were flowers and a large portrait of a woman in a white shirt, her hair in pigtails.

See Kaixin 'The Cultural Revolution through my eyes', Xiaosui's experiences as a child growing up from 1966.

and 'Mao's last swimmer'

 

The Australian

China takes aim at US drill in Yellow Sea


TENSION is rising in the Yellow Sea after the US promised fresh country-specific sanctions against North Korea, as plans for US and South Korea naval exercises drew fresh fire from China.

Kaixin - See coverage over the last few days on this alarming issue

 

Asia Times Online

China renews 'Go West' effort
By Mitch Moxley


BEIJING - China is stepping up its 10-year-long effort to develop its vast western regions, home
to energy and mineral resources crucial to its future growth. So far, the campaign's results have been mixed.

    
China's pro-missile navy sinks carriers
By Peter J Brown

United States-South Korea joint exercises in the Yellow Sea involving the aircraft carrier USS George Washington, entitled "Invincible Spirit", have irritated China, but also put focus on its own naval prowess. Beijing will soon deploy aircraft carriers, but the People's Liberation Army Navy does not plan to emulate the US's dependence on carrier battle groups, instead favoring a missile-centric strategy

 

 

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