Archive for ‘Chindia Alert’

30/08/2013

Chinese Students Bolster U.S. College Budgets

NY Times: “Washington Monthly’s annual college issue usually has some fascinating material, and this year is no exception. One example is an article by Paul Stephens on the sharp rise in foreign students on American campuses (to more than 764,000, an increase of roughly 200,000 in less than six years, he says, citing data from the Institute of International Education and the State Department). Many are from wealthy overseas families paying full tuition — and helping to bolster college budgets.

Where are the students coming from? By this reckoning, the bulk of the net increase — more than 160,000 of the 200,000 — has come from China.

Washington Monthly

Mr. Stephens writes:

While administrators promote the diversity and global perspectives these new students bring to campus, it’s clear that such high-minded goals are not the only motivation for enrolling large numbers of foreign students. With state spending on higher education declining sharply over the last five years — it’s down an average of 28 percent nationwide — out-of-state and international students who pay full tuition (and sometimes even additional tuition) have kept these institutions in the black. As state assemblies have cut back, the people of China have picked up the tab.

State Department statistics on F-1 student visas issued to applicants from four selected nations.State Department statistics on F-1 student visas issued to applicants from four selected nations.

via Chinese Students Bolster U.S. College Budgets –

Courtesy:

Arijit Banik

Senior Manager, Economics, Pension Monitoring & Hedging at RBC Investor Services

29/08/2013

China-India joint anti-terrorism training planned

Xinhua: “China and India will launch joint anti-terrorism training between the two armies within 2013 in southwest China, a spokesman announced on Thursday.

The training, set in Chengdu, capital city of Sichuan Province, has been arranged in accordance with the two armies’ annual military exchange plan, Ministry of National Defence spokesman Yang Yujun said at a news briefing.

The joint training is aimed at increasing mutual trust and pragmatic cooperation and preserving regional peace and stability, Yang said.

Experts from both sides have had two rounds of consultations on the date, assignment and scale of the forces to be involved in the training, he said. “The two defence ministries are keeping in touch on details of the training.”

Yang also slammed comments at the briefing that attempted to provoke tensions between China and India, saying, “It is groundless and shows a lack of good will to use weapons equipment as a pretext to drive a wedge between China and India.”

His remarks were in response to comments alleging India’s first indigenously built aircraft carrier obviously targets China and ignites the fiercest arms race the world has ever seen in Asia.

“China and India are partners and close neighbors. Getting along well with each other and achieving co-development is in the fundamental interests of the two peoples,” the spokesman said.”

via China-India joint anti-terrorism training planned – Xinhua | English.news.cn.

29/08/2013

Bo Xilai on trial: Settling scores

The Economist: “IN A heavily guarded courthouse in the eastern city of Jinan, the trial began on August 22nd of a politician who was once one of China’s most powerful figures. Bo Xilai, who is 64, has been accused of receiving bribes, embezzlement and abuse of power. His downfall in March 2012 caused the greatest political shock of its kind in decades.

That the trial is under way at last is a sign that Xi Jinping, who took over as China’s leader eight months after Mr Bo disappeared from public view, is confident that he can handle its ramifications. Mr Bo, like Mr Xi, is the son of one of Mao Zedong’s fellow revolutionaries. He remains popular in the parts of China where he has served, including as Communist Party chief in the 29m-strong region of Chongqing in the south-west. He is an icon of diehard Maoists and members of the “new left” who decry China’s move towards money making. Handling Mr Bo’s case without upsetting powerful families and arousing public ire (whether of Mr Bo’s fans or of the many Chinese who are aggrieved at widespread official corruption) has been Mr Xi’s challenge. As the trial began, dozens of supporters gathered nearby. Police dragged several away.

Mr Xi and his colleagues wished to choreograph the proceedings—which at the time of going to press were expected to last just a day or two—with great precision. But Mr Bo, with a characteristic feistiness, queered the pitch from the outset. He denied a charge of bribery involving payments of more than 1.1m yuan ($180,000) from a businessman in the north-eastern city of Dalian. His response to the other charges, including millions of dollars in other kickbacks, are not yet known. Foreign journalists were barred from the trial.

The allegations, even if disagreeable to Mr Bo, would have been tailored to suit all factions—including, to some extent, his own, for Mr Bo had powerful backers, including within the security forces. Speculation has also centred on whether the state tried to secure Mr Bo’s co-operation by promising not to go after his 25-year-old son, Bo Guagua, who was expensively educated in Britain and is now studying in America. The younger Mr Bo may hope one day to to avenge his father’s downfall.

via Bo Xilai on trial: Settling scores | The Economist.

29/08/2013

India Rupee Gains 3.5%, Pulls Shares Sharply Higher

WSJ: “India‘s rupee rose 3.5% Thursday, erasing most of the currency’s losses in the previous session when it hit a record low, helped by a central bank step to reduce dollar demand in the spot market.

The sharp rupee recovery also pulled local stocks higher, with the Bombay Stock Exchange‘s S&P BSE Sensex index closing 2.3% up at 18401.04 points. On the National Stock Exchange, the Nifty index gained 2.4% to end at 5409.05 points.

The rupee was at 66.55 to the dollar in late Asian trade Thursday, compared with the record low of 68.80 it hit late in the previous session.

The Reserve Bank of India said late Wednesday that it would sell dollars to the country’s three state-run oil refiners through a designated commercial bank, shifting the bulk of the refiners’ demand for dollars away from the open market. Oil refiners are India’s biggest buyers of dollars, which they use to pay for crude-oil imports.”

via India Rupee Gains 3.5%, Pulls Shares Sharply Higher – WSJ.com.

29/08/2013

China environment min suspends some approvals for Sinopec, CNPC

Reuters: “China’s environment ministry will stop approving some new refining projects and upgrades of existing facilities by the country’s top state-owned oil firms after the two failed to meet key pollution targets in 2012, it said on Thursday.

Workers walk inside China National Petroleum Corporation (CNPC) Lanzhou Chemical Company in Lanzhou, capital of northwest China's Gansu province April 27, 2007. REUTERS/Jason Lee

The Ministry of Environmental Protection (MEP) said China National Petroleum Corporation (CNPC) failed to meet targets to cut chemical oxygen demand in 2012, while Sinopec Group failed to meet a target to cut nitrogen oxide emissions.

Officials from the companies were not immediately available for comment, although the Communist Party mouthpiece People’s Daily said the MEP’s move would have no impact on 790,000 barrels per day of refining capacity now under construction.

The ministry said in a notice posted on its website (www.mep.gov.cn) that it would suspend approvals of environment impact assessments for all new refining projects from the two oil giants, apart from any upgrades that target fuel pollution specifications or other environmental renovations.

“Such tough punishment on the two oil majors is unprecedented – it is a warning to others,” said Wang Tao, resident scholar at the Energy & Climate Program of the Carnegie-Tsinghua Center for Global Policy in Beijing.

“But the MEP has only suspended approval for their new refineries, and what we really need is for them to take strong measures to curb pollution from existing refineries,” said Wang.

CNPC is the parent of PetroChina, China’s dominant oil and gas producer. Sinopec Group is the parent of top Asian refiner Sinopec Corp.

The MEP and its local branches have struggled to impose their will on state-owned industrial enterprises, which are big sources of economic growth as well as pollution. But Beijing has promised to get tough on firms accused of ignoring environmental rules or approval procedures.

People’s Daily said on Thursday the decision “demonstrated China’s determination when it comes to pollution emissions.””

via China environment min suspends some approvals for Sinopec, CNPC | Reuters.

See also: https://chindia-alert.org/economic-factors/greening-of-china/

28/08/2013

China Launches Three ASAT Satellites

Washington Free Beacon : “China’s military recently launched three small satellites into orbit as part of Beijing’s covert anti-satellite warfare program, according to a U.S. official.

AP

The three satellites, launched July 20 by a Long March-4C launcher, were later detected conducting unusual maneuvers in space indicating the Chinese are preparing to conduct space warfare against satellites, said the official who is familiar with intelligence reports about the satellites.

One of the satellites was equipped with an extension arm capable of attacking orbiting satellites that currently are vulnerable to both kinetic and electronic disruption.

“This is a real concern for U.S. national defense,” the official said. “The three are working in tandem and the one with the arm poses the most concern. This is part of a Chinese ‘Star Wars’ program.”

China’s 2007 test of an anti-satellite missile shocked U.S. military and intelligence leaders who realized the U.S. satellites, a key to conducting high-performance warfare, are vulnerable to attack. Officials have said China could cripple U.S. war-fighting efforts by knocking out a dozen satellites. Satellites are used for military command and control, precision weapons guidance, communications and intelligence-gathering.

The official discussed some aspects of the Chinese anti-satellite (ASAT) program on condition of anonymity after some details were disclosed in online posts by space researchers.

“The retractable arm can be used for a number of things – to gouge, knock off course, or grab passing satellites,” the official said.

The three satellites also could perform maintenance or repairs on orbiting satellites, the official said.

Details of the small satellite activity were first reported last week in the blog “War is Boring.”

The posting stated that one of the satellites was monitored “moving all over the place” and appeared to make close-in passes with other orbiting satellites.

“It was so strange, space analysts wondered whether China was testing a new kind of space weapon — one that could intercept other satellites and more or less claw them to death,” the report said.

The U.S. official said: “It is exactly what was reported: An ASAT test.”

According to space researchers who tracked the satellites movements, one of the satellites on Aug. 16 lowered its orbit by about 93 miles. It then changed course and rendezvoused with a different satellite. The two satellites reportedly passed within 100 meters of each other.

One space researcher was quoted in the online report as saying one satellite was equipped with a “robot-manipulator arm developed by the Chinese Academy of Sciences.”

The Chinese appear to be testing their capability for intercepting and either damaging or destroying orbiting satellites by testing how close they can maneuver to a satellite, the U.S. official said.

“They are learning the tactics, techniques and processes needed for anti-satellite operations,” the official said.

The Chinese have given a code name to the satellites and numbered the satellites differently. Chinese state-run media identified the satellites as the Chuang Xin-3 (Innovation-3); the Shi Yan-7 (Experiment-7); and Shi Jian-15 (Practice-15). The Shi Jian-15 is believed to be the satellite with the robotic arm. The official said the designation used in the blog, SY-7, was not correct.”

via Washington Free Beacon » China Launches Three ASAT Satellites » Print.

27/08/2013

Is China Building an “Aircraft Carrier in Disguise?”

If true, another step towards military confrontation.

The Diplomat: “Earlier this month a series of pictures posted on Chinese military forums appeared to show that China was building its first indigenous aircraft carrier, prompting much speculation and commentary including from The Diplomat.

China

Now some claim that this narrative might have been mistaken.

According to Japan’s Kyodo News, Kanwa Information Center, a private Canadian think tank, has published a report that claims that the pictures do not show an aircraft carrier. Instead, the Kanwa report—which is based on Ukraine military sources— says the vessel under construction is China’s first amphibious assault ship capable of carrying hovercraft and helicopters.

In other words, if the report is accurate, China is building a Landing Helicopter Assault (LHA)-like ship not completely unlike the Izumo-class helicopter destroyer Japan launched earlier this month, which Chinese analysts referred to as an “aircraft carrier in disguise.”

Kanwa says the vessel is being built at a shipyard on Shanghai’s Changxing Island and could be commissioned as early as 2015. It will reportedly displace 35,000 tons, roughly double what China’s three existing Type 071 amphibious assault ships, which displace between 17,000-20,000 tons, according to Sino-Defense. The same source says the Type 071 ships were built by Shanghai-based Hudong-Zhonghua Shipyard. The location of Changxing Island, suggests that Jiangnan Shipyard is constructing the new vessel.

Japan’s Izumo-class helicopter destroyer reportedly displaces between 20,000-25,000-tons.

China’s new LHA will carry four hovercraft and up to 20 helicopters, according to Kyodo News, which cited the Kanawa report.

There’s reason to think the Kanwa report is accurate. Indeed, last November a Chinese admiral told CCTV, China’s official broadcaster, that the PLAN was building a 40,000-ton amphibious assault ship similar to the U.S. Navy’s LHA.”

via Is China Building an “Aircraft Carrier in Disguise?” | Flashpoints | The Diplomat.

See also: https://chindia-alert.org/2013/08/21/china-japan-and-indias-asian-arms-race/

27/08/2013

China’s Shanghai Tower: A massive urban green space

If true, very impressive.

26/08/2013

Mooncake Austerity Hits China’s Mid-Autumn Festiva

WSJ: “First baijiu, then red carpets, and now mooncakes. For Chinese government officials, the list of taboos keeps getting longer.

One month before the country celebrates its annual Mid-Autumn Festival, Chinese authorities said Wednesday that they are barring officials from buying mooncakes—a centerpiece of the holiday—as well as giving presents or hosting dinners on the public dime.

Traditionally, mooncakes are gifted (and often re-gifted) as a form of tribute during the festival, exchanged among family members as well as among companies, their clients and employees. “But this kind of polite reciprocity, when overdone, becomes a kind of squandering of cash,” ran an editorial in the People’s Daily on Thursday, praising the mooncake crackdown.

About the size of a hockey puck and traditionally stuffed with anything from red bean paste to salted egg yolk, these days, the once-humble mooncake is barely recognizable. Some are now made of solid gold and others come swathed in pure silk. Such is the luxury nature of some mooncakes that in past years, talk of a “mooncake bubble” circulated, while in 2011, China’s government proposed that workers pay income tax on the value of cakes gifted to them by their employers.

Given the frenetic pace of mooncake gift-giving, they’ve long been seen as an easy vehicle for corruption. Many environmental NGOs have also condemned the modern crop of mooncakes, criticizing their elaborate packaging as wasteful.

This week’s mooncake crackdown is part of a broader attempt to quell anger about public corruption, which in recent years has been stoked by the sight of officials gorging on lavish banquets and indulging in other excesses, including luxury watches and more. Thursday’s editorial in the People’s Daily, for example, cited the anti-mooncake move as part of President Xi Jinping’s effort to educate Party members about the evils of the “Four Winds,” i.e. “formalism, bureaucracy, hedonism and waste.”

On Thursday, some users on Sina Weibo, China’s popular Twitter-like microblogging service, though, were less than impressed. “”The system doesn’t change, these kinds of trivialities aren’t of any use,” wrote one.

Others mourned the idea that the confections were facilitating corruption. “A holiday that was once simple and pure has been transformed by China’s corrupt bureaucracy into something with a different meaning,” wrote another. “How sad.”

Still others took the opportunity to rail against mooncakes in general. Despite the holiday zeal for them, many languish uneaten for weeks after they’ve been gifted. “They’re just a mix of stuff high in fat, high in sugar, and high in additives,” wrote one user.

“They’re not tasty and they’re expensive,” added another. “No wonder that other than during the Mid-Autumn festival, people don’t eat them.””

via Mooncake Austerity Hits China’s Mid-Autumn Festival – China Real Time Report – WSJ.

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