Archive for ‘Chindia Alert’

01/03/2013

* Hurun rich list stirs Chinese zodiac discussion

English: The carvings with Chinese Zodiac on t...

English: The carvings with Chinese Zodiac on the ceiling of the gate to Kushida Shrine in Fukuoka ) (Photo credit: Wikipedia)

SCMP: “The publication of the Hurun Global Rich List 2013, which revealed the top 10 wealthiest Chinese billionaires, on Thursday has triggered discussion among Chinese netizens about the Chinese zodiac signs of the rich.

 

The dragon is the most common zodiac sign among the billionaires, followed by the horse, said a post by China’s Global Times.

Commenting on the list of billionaires, one netizen wrote, “Chinese officials must be laughing at this so-called ‘rich list’.”

Others chimed in with comments on Chinese zodiac signs. “Dragons are born with a kind of self-confidence. They are destined to play a strong role,” one said.

Another claimed, “I will give birth to a ‘dragon baby’ and a ‘horse baby’!”

A third wrote, “Global Times, mind your own business.”

The report, compiled by the Shanghai-based Hurun Research Institute, showed that Hong Kong entrepreneurs make up the majority of the list, followed by those from Beijing, Shanghai and Shenzhen.

The top industry sector favoured by the Chinese billionaires on the list is real estate, followed by manufacturing, finance and investment, and information technology.”

via Hurun rich list stirs Chinese zodiac discussion | South China Morning Post.

01/03/2013

* Returning overseas students on the rise

China Daily: “China has seen a surge in the number of students returning to the country after studying overseas, the Ministry of Education said on Thursday.

English: Zhang Yesui(Chinese Ambassador to the...

English: Zhang Yesui(Chinese Ambassador to the United States), his wife and Chinese overseas student in America 中文: 张业遂(中国驻美大使)夫妇与中国留学生 (Photo credit: Wikipedia)

More than 272,000 people returned last year, 86,700 more than in 2011, a 46 percent increase, according to the authority.

At the same time, 399,600 students went abroad, up 17.65 percent.

The country is actively encouraging students to return home after studying overseas, Zhang Xiuqin, director of the Ministry of Education’s department of international cooperation and exchanges, said at a news conference on Thursday.

“The ministry holds entrepreneur competitions and encourages enterprises to hire talent from overseas,” she said. “The ultimate goal is to attract more and avoid a brain drain, which is a global problem.”

According to the ministry, of the 2.64 million students who have gone abroad since 1978, 1.09 million — about two-fifths — have returned.

However, Zhang said the number of returnees has risen year-on-year.

The latest annual report on the development of Chinese studying abroad, which was compiled by the Center for China and Globalization and Mycos, an independent consulting firm, said that in 2011 the return rate reached 36.5 percent.

The report found that more overseas students are willing to return. The top two reasons are more economic opportunities and career development.”

via Returning overseas students on the rise |Society |chinadaily.com.cn.

01/03/2013

* Pinaka rockets successfully test-fired for second day

Times of India: “Indigenously developed ‘Pinaka‘ rockets were successfully test-fired, on the second consecutive day on Friday, from a multi-barrel rocket launcher (MBRL) by an armament establishment from a base in Odisha.

English: Pinaka is a multiple rocket launcher ...

English: Pinaka is a multiple rocket launcher produced in India and developed by the DRDO for the Indian Army. (Photo credit: Wikipedia)

“Three rounds of Pinaka rockets were successfully tested today from the base at Chandipur, about 15 km from here, while three rounds had been fired yesterday,” defence sources said.

On January 30 and 31, this year, seven rounds of ‘Pinaka’ rockets were tested from the same base.

‘Pinaka’, which has undergone several tough tests since 1995, has already been inducted into the armed forces.

The trial was conducted by personnel from Armament Research and Development Establishment ( ARDE), Pune unit at Proof and Experimental Establishment (PXE) firing point-2 at Chandipur, the sources said.

“The MBRL, capable of acting as a force-multiplier, has been developed to supplement artillery guns,” a defence official said.

‘Pinaka’ is an area weapon system with a range of 40 km. The quick reaction time and high rate of fire of the system gives an edge to the army during a low-intensity conflict situation, he said.

The unguided rocket system is meant to neutralise large areas with rapid salvos. ‘Pinaka’ system can fire a salvo of 12 rockets in 44 seconds, the sources said, adding that the battery of six launchers can neutralise at a time a target area of 3.9 sq km.

The system’s capability to incorporate several types of warheads makes it deadly for the enemy as it can even destroy solid structures and bunkers.”

via Pinaka rockets successfully test-fired for second day – The Times of India.

01/03/2013

* China plans bond overhaul to fund $6 trillion urbanization

Reuters: “China plans major bond market reform to raise the money the ruling Communist Party needs for a 40 trillion yuan ($6.4 trillion) urbanization program to buoy economic growth and close a chasm between the country’s urban rich and rural poor.

A man walks past a construction site for a new stadium in Mentougou district, suburb of Beijing February 28, 2013. REUTERS-Kim Kyung-Hoon

The Party aims to bring 400 million people to cities over the next decade as the new leadership of president-in-waiting Xi Jinping and premier-designate Li Keqiang seek to turn China into a wealthy world power with economic growth generated by an affluent consumer class.

The urban development would be funded by a major expansion of bond markets, sources with leadership ties, and a senior executive at one of China’s “Big Four” state banks, who was formerly at the central bank, told Reuters.

“The urbanization drive will push the domestic capital market liberalization agenda,” the senior bank executive said on condition of anonymity. “Urbanization is Li Keqiang’s big project. He has to get it right and he is willing to pursue innovation to make it a success.”

Set to be confirmed as premier at the end of the annual meeting of China’s rubber-stamp parliament, which opens next week, Li must find ways to pay for the urban development that he has made a policy priority.

Central and local governments, as well as bank loans, will fund the costs, the sources said. But, sweeping reforms to create a fully-functioning municipal bond market, boost corporate and high-yield bond issuance and actively steer foreign capital into the sector, are crucial to raising the sums of money China will need, they added.

Despite its ranking as the second-largest economy globally after three decades of stellar growth, China remains an aspiring middle-income country riven with inequality and dependent on state-backed investment.

“If we continue to walk down the path of government spending, it’ll be like wearing new shoes, but walking the old road,” a source with leadership ties said, requesting anonymity to avoid repercussions for speaking to foreign media without authorization.”

via Exclusive: China plans bond overhaul to fund $6 trillion urbanization – sources | Reuters.

01/03/2013

* From builders to managers: educating China’s leadership

Reuters: “Sun Zhengcai earned his PhD from China Agricultural University in 1997, experimenting with different fertilizers for crop rotation in northern China, according to his doctoral thesis.

Sun Zhengcai, then party chief of Jilin province attends a meeting held on the sidelines of the 18th National Congress of the CPC, in Beijing, in this November 9, 2012 file photo. Sun earned his PhD from China Agricultural University in 1997, experimenting with different fertilizers for crop rotation in northern China, according to his doctoral thesis. Sun represents one of the more far reaching changes in Chinese politics. Highly educated leaders in a broad range of disciplines are rising to the top of the ruling Communist Party, according to data from Connected China, a Reuters database application that tracks the connections and careers of China's leaders. REUTERS-China Daily-Files

For the world’s biggest grain grower and consumer, this type of research is crucial for improving yields. But it was an unlikely qualification for political leadership in China where engineers have traditionally held many of the top posts.

Sun represents one of the more far reaching changes in Chinese politics. Highly educated leaders in a broad range of disciplines are rising to the top of the ruling Communist Party, according to data from Connected China, a Reuters database application that tracks the connections and careers of China’s leaders.

Sun, 49, who joined the Politburo at November’s Communist Party Congress, is one of five PhD holders in a body in which all 25 members have at least a junior college education.

Some education experts explain the rise of this more highly educated leadership class as a product of the increasing complexity of China’s economy and society.

It also reflects an evolution in the Party. A generation of revolutionary soldiers gave way to technocratic engineers who guided the following period of industrialization. The engineers are now handing over to leaders better qualified to run the world’s second-biggest economy.

“As the society matures, it is always beneficial to have a leadership with diverse backgrounds,” said Gong Peng, a Professor at Tsinghua University’s Center for Earth System Science. “They bring different thinking and skills to the administration.”

The data from Connected China shows far more Politburo members now hold PhDs and graduate degrees than earlier leadership generations.

It also shows that education is not necessarily the only path to power: loyalties forged during political posts in the provinces, and family ties to former leaders also matter a great deal.

DR XI AND DR LI

The other PhD holders in the current Politburo are party leader and incoming President Xi Jinping, who studied China’s rural markets at Tsinghua University. Li Keqiang, expected to become Premier after the National People’s Congress in March, has a PhD in economics from Peking University. Liu Yandong studied China’s political development at Jilin University, and fellow Politburo member Li Yuanchao explored socialist art and culture in his thesis at the Central Party School.

The current Politburo also features nine members with masters degrees and three with other higher degrees. That stands in stark contrast with members of the 14th Politburo formed in 1992. Only Hu Jintao and Wen Jiabao, who became China’s top leadership duo a decade later, had graduate degrees in that group.

The change in the breadth of education has also been dramatic. Ten years ago, 15 of the 20 college-educated members of the Politburo were trained in engineering or the physical sciences. At the very top of China’s hierarchy, engineers were even more heavily represented.

In the nine-member Politburo Standing Committee appointed in 2002, eight members of the party’s top decision-making body were engineers and one was a geologist. Of these, four were engineering graduates of Tsinghua.

The current Politburo has only four engineers. They are outnumbered by colleagues with training in economics, finance and business management. It also shows a sharp increase in members educated in law, humanities and social sciences. The seven-member Standing Committee has only two engineers; Xi Jinping, who has an undergraduate degree in chemical engineering and Yu Zhengsheng who worked in missile guidance.

For some Chinese educators, the presence of fewer engineers at the top is a welcome development after decades in which technocratic leaders, often Soviet trained, dominated decision-making in Beijing.

“Engineers who do not learn about management may not be good managers and eventually good administrators,” says Tsinghua’s Gong. “I think it will improve the governing quality in China.”

WORLDY LEADERS

In the early 1980s, then paramount leader Deng Xiaoping directed the party to foster a generation of better educated cadres who could accelerate China’s market reforms.

China’s subsequent rise as a major trading nation and growing military power is also increasing pressure on the party to select better educated and more worldly leaders, political analysts and education experts say.

“Because the country is changing and the world is changing, it requires a more sophisticated understanding of the issues,” says Yu Maochun, an expert on Chinese politics and a professor at the Annapolis, Maryland-based United States Naval Academy.

Some experts question whether academic qualifications are as important as loyalty and family ties in a political system where many senior leaders, including Xi Jinping, are “princelings”, children of senior party veterans.”

via Analysis: From builders to managers: educating China’s leadership | Reuters.

Tags:
01/03/2013

For most Chinese, this sign will raise a wry smile. It obviously harks back to the early 1900s

when the famous Bund Park in Shanghai featured a sign of regulations that included 

restricting the park to Western community and that dogs were not allowed. In Bruce Lee’s famous ‘Fist of Fury’ it was abbre

viated to “Chinamen and dogs not allowed”.

28/02/2013

* A Silicon Valley Campus with Chinese Characteristics

Reuters: “Like most of China’s high-tech manufacturers, Semiconductor Manufacturing International Corp. is located in an outsized and relatively isolated technology park.

But unlike the bulk of China’s electronics manufacturers, which set up cramped dormitories and massive dining facilities to manage legions of workers who come to do basic assembly, SMIC’s campus is actually pleasant.

Located within walking distance of its production facilities, apartment buildings in SMIC’s residential zone are brightly painted and framed by well-manicured trees. A short stroll across a canal leads to an area populated by villas that seem more suited to an American Sun Belt suburb than a technology park in Shanghai’s Pudong district.”

via A Silicon Valley Campus with Chinese Characteristics – China Real Time Report – WSJ.

28/02/2013

* China nears approval of $16 billion domestic jet-engine plan

Xinhua: “China’s cabinet may soon approve an aircraft engine development program that will require investment of at least 100 billion yuan ($16 billion), state-run Xinhua news agency quoted unidentified industry sources as saying.

A woman walks past the Aviation Industry Corporation of China (AVIC) headquarters building in Beijing October 30, 2012. REUTERS/Jason Lee

China is determined to reduce its dependency on foreign companies like Boeing Co (BA.N), EADS-owned Airbus (EAD.PA), General Electric Co (GE.N) and Rolls Royce Plc (RR.L) for the country’s soaring demand for planes and engines.

So far the domestic aerospace industry has failed to build a reliable, high-performance jet engine to end its dependence on Russian and Western makers for equipping its military and commercial aircraft.

Xinhua on Thursday quoted an unidentified professor at the Beijing University of Aeronautics and Astronautics (BUAA) with knowledge of the project as saying the investment would be used mainly for research on technology, designs and materials related to aircraft engine manufacturing.

The project was going through approval procedures in the State Council and may be approved shortly, the professor was quoted as saying.

Participants in the project include Shenyang Liming Aero-Engine Group Corp, AVIC Xi’an Aero-Engine (Group) Ltd (600893.SS) and research institutes including the BUAA, Xinhua reported.

Aviation Industry Corporation of China (AVIC), the country’s dominant military and commercial aviation contractor, had lobbied the government to back a multi-billion dollar plan to build a high-performance jet engine.”

via China nears approval of $16 billion domestic jet-engine plan: Xinhua | Reuters.

28/02/2013

* New top diplomats in China signal focus on U.S., Japan, North Korea

Reuters: “China is signaling that it is keen to get on top of troubled ties with the United States, Japan and North Korea with the likely appointment of two officials with deep experience of these countries to its top diplomatic posts.

Chinese Foreign Minister Yang Jiechi attends a joint news conference with his Russian counterpart in Moscow February 22, 2013. REUTERS/Maxim Shemetov

Current Foreign Minister Yang Jiechi, ambassador to Washington from 2001-2005 and a polished English speaker, is tipped to be promoted to state councilor with responsibility for foreign policy, three independent sources said. China has only five such councilors and the post is senior to that of foreign minister.

Yang, 62, will likely be replaced as foreign minister by Wang Yi, China’s ambassador to Japan from 2004 to 2007 and a one-time pointman on North Korea. Both will be appointed during March’s annual full session of parliament, the sources said.

“Yang Jiechi will be in the driving seat, he knows a lot about Sino-U.S. relations,” said Jean-Pierre Cabestan, a China expert at Hong Kong Baptist University.

“China-Japan is high on the list (too) … With Shinzo Abe and the LDP back in the saddle in Tokyo, I’m sure they’re a bit concerned about the right wing twists of domestic politics and Japanese foreign policy as well.””

via New top diplomats in China signal focus on U.S., Japan, North Korea | Reuters.

27/02/2013

* Apple Acts to Crack India Market for iPhone

WSJ: “Apple Inc.  is overhauling its iPhone operations in the crucial Indian market, attempting to chip away at Samsung Electronics Co.’s  dominance by adjusting to the country’s retailing rules and convoluted distribution process.

image

But the Cupertino, Calif., company still has a long way to go.

That’s no small matter as Apple’s growth slows in the U.S. and other mature markets. India is poised to become the world’s third-largest smartphone market this year, behind China and the U.S., according to Strategy Analytics.

Apple doesn’t have any of its own retail outlets in India and relies on distributors and resellers, such as this Croma store in Mumbai.

Apple is sidestepping wireless carriers to seize greater control over marketing in India and offering no-interest loans to lure lower-income consumers. The company has also boosted staff in India by 30% to 170 employees in the past six months. And it is ramping up the introduction of other products, with the Apple TV video-streaming gadget expected to reach stores in coming weeks, people familiar with the matter say.

The result is that Apple shipped more than 252,000 iPhones to India in the quarter through December, more than triple the number in the previous three months, according to research firm Canalys.

Yet Apple accounts for just 5% smartphone shipments to India, compared with 40% for market leader Samsung. The South Korean company surged ahead by making India a high-priority market earlier than Apple did and offering a range of phones based on Google Inc.’s  Android software that start at just over $100. An older generation iPhone sells for around $500 while the latest model starts at nearly $850.”

via Apple Acts to Crack India Market for iPhone – WSJ.com.

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