Archive for February, 2014

04/02/2014

Microsoft Names Satya Nadella as CEO – India Real Time – WSJ

Microsoft Corp. has named company veteran Satya Nadella as its next chief executive, an appointment that comes as the software giant faces competition across all fronts of its business.

The company also said founder Bill Gates, who previously was chairman, moves to a new role on the board as technology adviser and will devote more time to the company, supporting Mr. Nadella in shaping technology and product direction. John Thompson, who was formerly the lead director, will become chairman.

Mr. Nadella’s naming to the post, effective immediately, makes him the third CEO since the Redmond, Wash., company was founded in 1975. He succeeds Steve Ballmer, who in August announced his plans to retire. Mr. Ballmer was originally handed the reins in 2000 when founder and college friend Bill Gates stepped aside after 25 years.

The appointment of Mr. Nadella, who is 46 years old and leads the Microsoft division that makes technology to run corporate computer servers and other back-end technology, will be considered a safe choice. He has signaled a desire for continuity, telling directors that, as CEO, he hopes to lean on Mr. Gates, according to several people familiar with the matter. Little in Mr. Nadella’s public history at Microsoft suggests he will break from the company’s pattern as a fast follower, rather than a trend setter.

via Microsoft Names Satya Nadella as CEO – India Real Time – WSJ.

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04/02/2014

Global carmakers see small sedans as next hot market in India | Reuters

F.N) and Hyundai Motor Co (005380.KS) will showcase compact sedans at India\’s largest auto show this week, targeting what they think could be the next hot market in a country long dominated by ultra-cheap hatchbacks.

A Ford 2015 F-150 truck is seen outside the New York Stock Exchange in the Manhattan borough of New York, January 13, 2014. REUTERS/Lucas Jackson

Global carmakers are still banking on emerging economies including India, the world\’s sixth biggest auto market by volume, to drive long-term growth despite a recent slowing in demand. Industry-wide sales in India are headed for a second straight annual decline in the fiscal year that ends in March.

Hyundai, the biggest foreign carmaker in India, will next month roll out its Xcent compact sedan, which is under four meters and thus taxed less heavily than longer cars in India, executives said at the car\’s global unveiling on Tuesday.

The car will be on display at this week\’s auto show in the outskirts of New Delhi, which opens to the public on Friday.

via Global carmakers see small sedans as next hot market in India | Reuters.

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04/02/2014

China warns officials not to cover up corruption | Reuters

Authorities in China have warned they will go after officials who cover up corruption, state media reported on Tuesday, in the government\’s latest effort to curb widespread graft.

Policemen guard the entrance of the Jinan Intermediate People's Court where the trial of disgraced Chinese politician Bo Xilai will be held, in Jinan, Shandong province September 22, 2013. REUTERS/Aly Song

The ruling Communist Party has shown no sign of wanting to set up an independent body to fight graft, however, and has arrested at least 20 activists who have pushed for officials to reveal their wealth, convicting two and sentencing a third activist to a jail term.

The Central Commission for Discipline Inspection, an arm of China\’s anti-corruption watchdog, said investigators should probe the perpetrators of graft, besides supervising members of the ruling Communist Party and local investigators themselves.

\”Officials must investigate those responsible, as well as relevant leaders\’ involvement, including within party committees and discipline inspection committees,\” said a research unit that is part of the disciplinary body, according to official news agency Xinhua.

\”(They) must make clear whether a leading official took the initiative to discover and resolutely investigate or … was derelict in duty or even concealed discipline problems or shielded (violators),\” it added.

In some cases, this type of corruption was not revealed until officials were promoted, which \”severely damages public confidence in the party,\” it said.

But it was not immediately clear if the comments represented policy or just guidelines, or what punishment awaited officials found guilty of such shortcomings.

via China warns officials not to cover up corruption | Reuters.

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04/02/2014

BBC News – China cancels Thailand rice deal amid probe

Thailand has announced that a contract to sell more than a million tonnes of rice to China has been cancelled.

File photo: Rice stockpile in Thailand

The Ministry of Commerce said the Chinese government pulled out of the the deal to buy 1.2 million tonnes of rice because of an ongoing probe.

Thailand\’s Anti-Corruption Commission is investigating PM Yingluck Shinawatra over a rice purchase policy.

The policy has been a factor in the anti-government protests that have sparked Thailand\’s political crisis.

The deal with China would have been the first stage of what the Thai government was hoping to be a larger shipment of of rice this year.

\”China lacks confidence to do business with us after the National Anti-Corruption Commission started investigations into the transparency of rice deals between Thailand and China,\” Thai Commerce Minister Niwatthamrong Bunsongphaisan said, announcing the cancellation.

via BBC News – China cancels Thailand rice deal amid probe.

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04/02/2014

* China’s Rising Anti-Corruption Campaign: Who Is Next? | Frank Vogl

An unprecedented attack on corruption at the top of the Chinese Communist Party is now underway. Suddenly, following a spate of trials, arrests and investigations, it seems as if even the most senior leaders in the Communist Party are vulnerable.

Moreover, U.S. and other foreign firms doing business in China are on their guard as investigations of their relationships to top officials also appear to be moving into high gear. Most recently, for example, Chinese police announced that they are investigating British drugmaker GlaxoSmithKline for alleged bribery and tax violations.

Corruption is rampant in the Chinese Communist Party. The new leadership has vowed to attack this plague and in January of this year the then new Chinese Central Committee General-Secretary, Xi Jinping, who in the spring added the key title of President, declared: \”We must have the resolution to fight every corrupt phenomenon, punish every corrupt official and constantly eradicate the soil which breeds corruption, so as to earn people\’s trust with actual results.\”

Many investigations and arrests of senior officials have been seen this year, but none have been as prominent as three situations that combine to underscore just how exceptionally important this anti-graft campaign is:

First, charges of corruption were prominent in the recent trial of former top political leader Bo Xilai, the former governor and Communist Party chief of Chongqing province, who had been in line for appointment to the national Standing Committee.

Second, on September 3, Xinhua — the official Chinese news agency — reported that Jiang Jiemin, head of the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council and deputy secretary of the SASAC committee of the Communist Party of China (CPC), \”has been removed from office because of suspected serious disciplinary violations.\” Jiang wielded far-reaching power over a vast array of government enterprises.

Third — and most importantly — Chinese government officials have made no effort to curb news reports that Zhou Yongkang is under investigation for corruption. Zhou had been a member of the top Communist Party Standing Committee and the country\’s chief of security and intelligence until his retirement last November. At the time he ranked at the ninth most important member of the Chinese government and the Communist Party.

It is quite possible that President Xi is encouraging the investigations and arrests of high-level officials in order to consolidate his own power and purge the Communist Party of potential rivals. Jiang Jiemen\’s career has long been closely associated with the mounting power that Zhou Yongkang enjoyed, so the news about both of them led, for example, to BBC News analyst Celia Hatton in Beijing to report that \”rumors indicate that Mr Zhou continues to act as a rival to Xi Jinping.

It is not yet clear whether Zhou will be arrested and charged with any crimes. Nor is there any announcement from officials that Jiang will be prosecuted, even though it is likely that a number of officials who have reported to him over the years, including executives at China\’s National Petroleum Corporation, could face the heat.

Many senior officials in China today may well have good reason to be nervous as they see the current investigations into Zhou and Jiang proceed. To be sure, many top officials in China have not depended on their official salaries alone given the lavish lifestyles of the families of many of them and the vast wealth of prominent Chinese businessmen with close ties to senior officials. Many officials, indeed, may now be asking: who\’s next?

via China’s Rising Anti-Corruption Campaign: Who Is Next? | Frank Vogl.

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04/02/2014

Speak English. This Is China: My Reaction To Coca-Cola’s Super Bowl Commercial

Vanessa Elizabeth's avatarWander Onwards

SpeakEnglishBefore I moved to China, I definitely wasn’t taking my Chinese classes seriously.  I was a second semester senior, crushing my “intensive” senior curriculum, and working out 3 hours every day since the only other option was sleeping.  Why the hell would I spend the best months of my life trapped in the library with all the freshmeat?  Everyone around me continued to assure me as well, saying,

“Everyone in China speaks English.  They have to.”

Because why wouldn’t they right? America is the greatest nation in the world! We have all the power and the guns.  America, fuck yeah.  Live free or die.  We are God’s greatest gift to the world and everyone justs needs to accept that already….

Or we’ll crush you with our guns, our power, and our English.

But as soon as I hit the ground, everything just became a blur.  Every Chinese character looked vaguely…

View original post 621 more words

03/02/2014

China’s Xinjiang sizzles with green energy – Xinhua | English.news.cn

Xinjiang Uygur Autonomous Region, a major power supplier in China, has accelerated the development of green energy as it recorded higher installed capacity in 2013.

English: Wind power plants in Xinjiang, China ...

English: Wind power plants in Xinjiang, China (Taken with a Nikon D70.) 中文: 中国新疆的风力发电厂。 (Photo credit: Wikipedia)

Statistics with the Xinjiang branch of the State Grid Corporation of China (SGCC) showed that by 2013, the combined installed capacity of wind power, hydropower and solar power stations exceeded 1,368 million KW, accounting for about one third of all installed capacity in Xinjiang.

The installed capacity of wind power stations reached 500 million KW, nine times of that in 2009, while the figure of solar power stations increased to 277.1 million KW from zero in 2010, according to a report released by the SGCC Xinjiang branch on Sunday.

Xinjiang is rich in both traditional and new energies.

A project to connect the Xinjiang power grid to the northwest China grid was launched in 2010 to transmit Xinjiang\’s redundant electric power to other parts of the country. The money made from this is used for developing Xinjiang.

The SGCC Xinjiang branch has put an average annual investment of 500 million yuan towards green energy projects.

Total installed capacity is expected to reach 6,048 million KW by the end of 2014, and that of green power will exceed 2,200 million KW.

via China’s Xinjiang sizzles with green energy – Xinhua | English.news.cn.

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03/02/2014

China says no cover-ups using state secrecy as excuse | Reuters

China has unveiled new rules telling officials not to cover up what should be publicly available information using the excuse it is a state secret, in what state media said was a move towards greater government transparency.

China has notoriously vague state secret laws, covering everything from the number of people executed every year to industry databases and even pollution figures, and information can be retroactively labeled a state secret.

The issue received international attention in 2009 when an Australian citizen and three Chinese colleagues working for mining giant Rio Tinto were detained for stealing state secrets during the course of tense iron ore negotiations.

But the government has come under pressure from its own people to be more open, especially on sensitive issues like the environment, which have no obvious implications for national security.

The new rules, carried by the official Xinhua news agency late on Sunday, mandate that government departments \”must not define as a state secret information which by law ought to be public\”.

Xinhua said that the move, due to come into force on March 1, was \”an effort to boost government transparency\”.

via China says no cover-ups using state secrecy as excuse | Reuters.

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02/02/2014

India vs. the U.S.: When Central Bankers Collide – Businessweek

Central banking isn’t a contact sport like football, or even cricket. But the head of India’s central bank, who until recently was living and working in the U.S., is throwing some sharp elbows at his counterparts at the Federal Reserve. This is as close to a brawl as you’re likely to see in the genteel world of official monetary policy.

Governor of the Reserve Bank of India Raghuram Rajan in Mumbai on Jan. 30

In an appearance on Bloomberg TV India yesterday that made headlines around the world, Reserve Bank of India Governor Raghuram Rajan said “international monetary cooperation has broken down.” Lest there be any confusion about what caused the breakdown, Rajan said, “Industrial countries have to play a part in restoring that, and they can’t at this point wash their hands off and say, ‘We’ll do what we need to and you do the adjustment.’”

Rajan’s reference to “industrial countries” pertains mostly to the U.S., where the Federal Reserve announced yesterday that it would further taper its bond-buying. The Fed’s move puts upward pressure on U.S. interest rates. That in turn leads investors to snatch their money out of countries like India and put it in U.S. securities that suddenly offer more attractive yields. The result: downward pressure on India’s currency, the rupee. When the rupee falls, Indian imports get more expensive. That makes Indians poorer and raises the inflation rate, which is already running at around 10 percent a year.

via India vs. the U.S.: When Central Bankers Collide – Businessweek.

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02/02/2014

China: Promise, potential, performance[1]|chinadaily.com.cn

The latest book on China\’s position in the world this century offers a nuanced picture of the country\’s strengths and weaknesses

Will China emerge as the dominant force of the 21st century? The debate on the former Middle Kingdom\’s global position has been opened up again by leading China commentator Jonathan Fenby.

Promise, potential, performance

His new book, Will China Dominate the 21st Century?, which is published in the US this month and worldwide in March, concludes the country\’s domestic challenges such as reliance on state investment and environmental concerns will divert it from being the leading actor on the world stage.

In this special edition, we not only debate the issues raised by Fenby but present again the views and opinions on China of the leading thinkers, authors and academics who have appeared in the China Daily European Weekly over the past year.

Our Cover Story and Last Word profile subjects have included the foremost China commentators from around the world and today we are giving them another opportunity to stake out their latest positions.

Fenby\’s latest book deals with perhaps the biggest question of all as to China\’s future role in the world.

He argues that we are unlikely to move from a world dominated by the United States – as was the case after the collapse of the Soviet Union in 1990 – to one dominated by China.

He believes that by the end of the century, there will be a greater sharing of power with Europe, India, an emergent Russia and new players like Indonesia exerting greater influence.

He makes the case also that China will be held back – at least for the next few decades – by economic issues relating to the weakness of its private sector, underdeveloped banking sector and its inability to innovate as well as management skill gaps.

The book is the latest of a new genre of China\’s books that presents a more nuanced picture of China\’s strength. It follows on the heels of US Sinologist David Shambaugh\’s China Goes Global: The Partial Power and Timothy Beardson\’s Stumbling Giant: The Threats to China\’s Future.

This contrasts with perhaps more heady titles that appeared just after the Beijing Olympics, including Martin Jacques\’s highly acclaimed When China Rules the World: The Rise of the Middle Kingdom and the End of the Western World, which has now sold more than 350,000 copies worldwide.

Rana Mitter, director-designate of Oxford University\’s new China Centre, believes Fenby reflects a more realistic perspective of China that is now emerging.

\”We are now in an era in which people are writing forward projections about China based on the reality that the supercharged economic growth of the last decade is behind us.

\”China will continue to grow but at a moderate pace and I think people have adjusted their geopolitical lenses to take account of that fact.\”

via Promise, potential, performance[1]|chinadaily.com.cn.

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