14th July 2012
Kaixin no longer publishes the Journal "China News" in this Format
For current information please use the
The Lion Awakes
Compare the News
Daily News, Culture & Current Affairs about China
See how China sees the world, see how the world sees China
People's Daily
Opinions
- Commercial property market a bubble to explode
- Assad inextricable part of peaceful transition
- Naval exercises routine, not warning to Japan
- Hanoi will feel pain for helping US return
- [Culture] Chinese folk artist sculpts vivid masks
- [Culture] Tomb of the Yellow Emperor
- [Life Tips] How to keep healthy in summer
- [Life Tips] Nine must-dos in the morning
- [Life Tips] Danger: Such things will cause diseases
- [Travel] City Guide: Shanghai - Qibao Anceint Town
- [Travel] City Guide: Shanghai Shopping
- [Travel] City Guide: Shanghai Dining
US must refrain from acting as 'preacher for democracy'
By praising certain countries to obliquely attack China, U.S. Secretary of State Hillary Clinton was once again acting as a 'preacher for human rights.'
China, Japan need cooperate along both lines
Recently it seems that China and Japan have fallen into the strange circle that if this issue cannot be resolved the bilateral ties will not advance any more.
China Daily
US team's made-in-China uniforms trigger debate
The reaction was mixed to the uniforms of the US team during the London Olympic Games.
Growth declines to 3-year low
The growth of China's economy fell in the second quarter to its slowest rate in more than three years.
End of American dream detailed
The US may be a land of opportunity no more. The "American dream" turns out to be a myth.
China to diversify ore imports
China will increase its iron ore imports from foreign independent miners to diversify its supply channels.
China's June inflation hits 29-month low
The government is expected to take measures to boost growth by further loosening monetary and fiscal policy as inflation eased to a 29-month low in June.
More companies opt for M&As
Due to the global financial crisis, foreign direct investment worldwide has been weak since 2008, but China's outbound investment has grown.
New rule to rein in govt spending
Officials face removal from their posts if they are found overspending on vehicles, receptions and overseas trips, according to a new rule.
UN exam offers new opportunities
A series of measures, including "significantly raising" the workforce at the United Nations, will be introduced over the next three years.
XinHua News
 |
| Vice Premier stresses domestic demand, balanced growth |
| Chinese Vice Premier Li Keqiang said that China should stick to the principle of "seeking growth while ensuring stability" and put the economy onto the track of boosting domestic demand and balanced growth. |
 |
| Senior Chinese official, French FM vow to boost ties |
| State Councilor Dai Bingguo on Monday met with French Foreign Minister Laurent Fabius, pledging to boost Sino-French ties. |
Global Times
The bilateral relationship between Hanoi and Washington is more like a marriage of convenience.
CHINA
CCTV 9
News and Current Affairs
Hot on CCTV News
The Wall Street Journal
Grauman’s Chinese Theater in Los Angeles, where the big China worry is protectionism, not currency.
Getting the Great Wall to Talk
The Great Wall has fascinated William Lindesay since he first saw it on a map. In 1987, the Liverpool native made his first trek along 2,470 kilometers of the landmark, and he has called China home ever since.
Asia Moves to Thwart Slowdown
Asian governments have begun a wave of stimulus measures to try to block a potential downward spiral. China reported its GDP on Friday.
New data shows growth in China’s economy in the second quarter slowing to the lowest rate since the financial crisis. Though not unexpected, the latest numbers suggest a lackluster global recovery may not be able to rely on China for much support.
What’s driving the slowdown and what can the government do about it? China Real Time takes you on a deep dive into the data after the jump.
China’s economic growth fell to 7.6% year-on-year in the second quarter, its slowest pace in three years, according to data released Friday. Other indicators were mixed, with growth in industrial output down to 9.5% year-on-year from 9.6% in May, but bank loans jumping significantly in June to 919 billion yuan ($144 billion) from 793 billion the month before. Analysts weigh in:
The continued falls in GDP and [industrial output] growth are likely to keep policy makers on their toes. We continue to expect policy loosening to become more visible, especially in light of the expected further softening of inflation and exports growth. We do not expect the nature of loosening to be materially different from what it has been since April…We expect the [year-on-year GDP] growth to rebound modestly in [the second half of 2012] but our annual 8.1% GDP and 3.1% CPI inflation forecasts both face more downside risks than upside risks. – Yu Song, Goldman Sachs
Russell Leigh Moses is a Beijing-based analyst and professor who writes on Chinese politics. He is writing a book on the changing role of power in the Chinese political system.
China’s leaders appear to have misgivings about the fate of their reform programs once they’re gone.
Multiple times in the last week, the party’s main newspaper People’s Daily has devoted portions of its highly scrutinized front-page real estate to essays on reform policies initiated under Hu Jintao. These are not the newspaper’s standard, stale restatements of party achievements. They’re something stronger: A stern defense of the current leadership’s policies under Hu’s tenure aimed at those in the party ranks who are clearly disquieted by the current pace and direction of reform.
A fungus that already carries a reputation as a frothy investment is reaching new heights.
The price of caterpillar fungus — or dongchong xiacao, literally meaning “winter worm summer weed” — has been climbing since May, the start of its collecting season, and skyrocketed since the first day of this month.
- European Pressphoto Agency
The fungus – grown in western regions including Qinghai, Sichuan and Tibet – is believed by practitioners of traditional Chinese medicine to give a person extra energy, though many (read: men) who take it are seeking to improve their sexual performance.
That latter use has led to the fungus being referred to in some quarters as “Himalayan Viagra.”
The China Association of Traditional Chinese Medicine says on its official website that the average price of major types of the fungus has risen by 30% year-on-year, with prices ranging from $ 59,660 per kilogram to $ 21,970 per kilogram for different species, a 10-year high.
China's Trade Growth Slows
China's trade surplus widened in June as export and import growth both weakened, reflecting faltering economic conditions in China and abroad.
-
China's Property Market Revives
China's third-largest property developer purchased land in three cities, making it the latest real-estate heavyweight to wade into the market as signs of a turnaround emerge.
Russell Leigh Moses is a Beijing-based analyst and professor who writes on Chinese politics. He is writing a book on the changing role of power in the Chinese political system.
It’s not easy being a local government official in China.
News this week of the violent suppression of protests over a planned metals plant in the Sichuan city of Shifang has once again shined a light on how challenged China’s leaders can be when it comes to handling public discontent. Reacting to the now viral images of tear gas and bloodied bystanders that came out of Sichuan on Monday, many critics have justifiably questioned the Communist Party’s ability to maintain credibility with an increasingly plugged-in and rights-conscious populace.
But if the Shifang protests illustrate growing anxiety among China’s masses, they also highlight the equally problematic, if less often discussed, frustrations of the party’s local cadres.
- Associated Press
The below commentary by Wall Street Journal Senior Editor Bob Davis drew considerable discussion on social media sites when it was posted earlier Wednesday on the Journal’s Chinese-language website. Supporters of China’s space program argued that it is a necessary step as China advances on the world stage and could challenge the U.S.’s strong position in space. Detractors said the country could better spend money on its considerable social and environmental problems. The column is reprinted here:
It made a lovely photo: three Chinese space explorers sitting on lawn chairs in the Inner Mongolian desert with their scorched Shenzhou-9 space capsule behind them. All three held bouquets of flowers for a job well done.
- Agence France-Presse/Getty Images
China’s consumer inflation eased in June, slipping back to its lowest level in two-and-a-half years, and leaving plenty of room for Beijing to use more aggressive policies to support flagging economic growth. The June consumer price index rose 2.2% year-on-year against a 3% rise in May – well below the government’s target of 4% for the year, according to the National Bureau of Statistics. Analysts weigh in:
Underlying price pressures are weak and will be no constraint to further policy easing. Premier Wen Jiabao made clear over the weekend that the government intends to keep loosening policy…The fall (in headline consumer price inflation rate) was broadly as expected. The drop was due to a big decline in food price inflation (from 6.4% to 3.8%). Non-food inflation was unchanged at 1.4%. Producer price inflation has now been negative for four months, and with commodity prices at their current level, looks likely to remain negative in 2013. – Mark Williams, Capital Economics
- Stanford University Press
China is so big and so complicated that most scholars have tended to view it in glorious isolation, as a literally incomparable place.
In “Beyond the Middle Kingdom,” a new collection of essays edited by Indiana University professor and China-hand Scott Kennedy, some of the world’s leading China scholars attempt to turn that around – exploring China in comparative perspective.
China Real Time recently caught up with Mr. Kennedy to get the lowdown on the new approach.
Most China experts look at the middle kingdom in isolation, why is that?
Because of China’s size, the complexity of Chinese culture, and the country’s long history, many experts begin with the untested assumption that China is unique, and that comparison would only yield contrasts.
- Reuters
The subject of money is once again drawing attention to Wenzhou, the east-coast city famous for entrepreneurship and creative finance. But this time, the focus is squarely on local officials’ restaurant bills.
Wenzhou officials have limited official reception spending to 60 yuan (about $9.40) per meal per person, according to an announcement published by the local government office and the city’s disciplinary commission. The new measure also requires all local government offices to eschew lunch-time drinking, luxurious banquets, overspending in meals and throwing each other lavish receptions.
The New York Times
Chinese Love Free Markets as Much as Americans Do
A new poll surveyed people around the world on how they view the state of their economies and their own financial circumstances.
Chinese Exports to U.S. Surge as the Domestic Economy Cools
The American trade deficit with China is swelling, posing challenges for the presidential campaigns, and it could widen further still as the November election approaches.
Money, Power, Politics and Corruption: U.S. vs. China
We expect our leaders to be honest. But do we also expect them to be poor? In politics, when does influence peddling slip over into outright corruption? Where's the gray zone? Where, in fact, are the limits - in China, in the United States, or elsewhere?
The Predicaments of Chinese Power
China and the world have to learn how to safely manage a powerful new player.
The Man Who Stayed Behind in China Comes Forward
The first American to join the Chinese Communist Party turns 91 next month, and a new documentary describes how a kid from Charleston, South Carolina, ended up in a mountain cave playing gin rummy with Mao Zedong.
In China, Price Drops Spur Talk of Deflation
Markets fell on Monday after reports of slowdowns in consumer and producer prices.
Chinese Premier Warns of ‘Downward Pressure’ on Economy
Premier Wen Jiabao of China on Sunday called for the government to become more aggressive in using fiscal and monetary tools to respond to a slowing economy.
China Response Mild to U.S. Trade Complaint on Cars
Chinese officials gave a muted reponse to a U.S. protest to the World Trade Organization about high tariffs on some auto imports.
Asia Times Online
Russia loses hold on Central Asian pivot
Resurgent nationalism in Tajikistan is waking up Russia to a dramatic shift in its hold over a one-time "little brother", just as China stealthily pours in massive investment and military support to draw the Tajik leadership into its orbit. Moscow and the United States are fast losing leverage in a country that is on the way to becoming a "pivot state" in Central Asia's post-2014 Afghan backdrop. - M K Bhadrakumar
SINOGRAPH
Beijing sets the bar
for Olympian effort
Four years ago in Beijing, China proved its status as a world power by staging a successful Olympiad. In 2012, the standards set by Beijing are a measure for London and Britain to beat. And even as the power emanating from that most international and diverse of Western capitals is no match for China's, Britain still has an important geopolitical role within its reach.
- Francesco Sisci
SUN WUKONG
Bo's ghost haunts CCP congress
The Chinese Communist Party will find it easy to end disgraced former Chongqing party chief Bo Xilai's political and public life over corruption charges, but as the CCP prepares for its 18th National Congress, it cannot ignore the continuing popularity of his model to close China's wealth gap. The center will also face some tough questions over Bo's meteoric rise.
- Wu Zhong
China isn't helping itself
Revisions to China's regulations on compulsory licensing of drug patents are perfectly legal, but they are worrying international pharmaceutical companies since the reforms threaten the considerable protection big pharma has enjoyed over the past three decades. - Benjamin A Shobert
Chinese make case
for rare earth curbs
A Chinese "White Paper" on rare earths intends to defend China against an assault upon its export limitations and other alleged barriers to trade. Yet those curbs have led to new finds that may ease supply fears long before a World Trade Organization ruling is made. - Robert M Cutler
One country, two (failed) systems
The Hong Kongers who marched across the city to vent anger against new CEO Leung Chun-ying and mother China at the weekend are the simmering masses of a Hong Kong Spring that has been germinating for 15 years. For them, "One country, two systems" has failed because it's put power in the palms of billionaires dancing to the mainland's tune.
- Pepe Escobar
THE ROVING EYE
An extreme traveler, Pepe's nose for news has taken him to all parts of the Pepe Escobar globe. He was in Afghanistan and interviewed the military leader of the anti-Taliban Northern Alliance, Ahmad Shah Masoud, a couple of weeks before his assassination
Caixin Online
- China's Workers Unhappy with Jobs, Survey Finds
- Country finishes below most other Asian nations in terms of employee satisfaction
- Easing Inflation Spurs Predictions of Monetary Easing
- Low June figures even cause some analysts to voice concerns about deflation
