17/04/2020
- Fu Chengyu, the former chairman of China National Offshore Oil Corporation (CNOOC), says hostility towards Beijing will increase after the coronavirus
- US will try to ‘thwart China’s rise’ and economic fallout from Covid-19 will be worse than the global financial crisis, says Fu
Former Sinopec chairman Fu Chengyu says China will face a more hostile world post coronavirus. Photo: EPA
The world is set to become more hostile for China after the coronavirus as the risk of “black swan” events gathers for Beijing, a heavyweight in China’s state oil industry has warned, reflecting growing wariness about the geopolitical environment among political and business elites.
Fu Chengyu, the former chairman of both China National Offshore Oil Corporation (CNOOC) and Sinopec Group, painted an ominous picture of increasing antagonism from the United States and damaging unforeseen events, known as black swans, like Covid-19
at an online symposium organised by business magazine Caijing.
The US would “mercilessly” suppress China in the fields of economics, trade, finance and technology, and Washington was set on taking advantage of the coronavirus pandemic to “forge a less favourable international environment for” the nation, Fu said this week.
“We’ve smelled the odours and new plots against China are in formation,” he said.
After the epidemic, the external environment for our survival will be more severe – Fu Chengyu
“After the epidemic, the external environment for our survival will be more severe … we must prepare for the worst and do our best to achieve the best possible results.”
While Fu has retired from his posts at state companies, he is an influential voice in
with decades of experience and contacts in the US petroleum sector.
Fu was a counterpart of Rex Tillerson, who was chairman of ExxonMobil from 2006 to 2017, and served as US State Secretary under President Donald Trump until March 2018.
While at the helm of CNOOC in the early 2000s, he felt political heat from Washington over a US$18.5 billion takeover bid for the American oil company Unocal in 2005, which the company was subsequently forced to withdraw.
China says no evidence to suggest coronavirus virus came from Wuhan’s lab
“The crisis stemming from the coronavirus pandemic won’t be over in just one or two years … the impact will last longer than the 2008 global financial crisis,” he said.
He added that China would face numerous “black swan” risks in the future.
President Xi Jinping warned in 2019 that China must be on guard for black swan risks as well as “grey rhino” events, referring to an obvious threat that is often neglected.
Geopolitics is getting worse and worse, and we need to be very careful. The US will try various ways to thwart China’s rise, and energy is an important area
To respond to the economic fallout from the coronavirus, China must do more to create a self-sustaining domestic economy, Fu said, and in particular reduce input prices for gas and electricity and boost public services such as health care and education.
“Geopolitics is getting worse and worse, and we need to be very careful,” Fu said. “The US will try various ways to thwart China’s rise, and energy is an important area.”
The US could potentially form a new oil export alliance with Saudi Arabia and Russia to make it possible to cut oil supplies to China, he said.
“China must be prepared for such a scenario, and even when supplies are cut off, we can have some basic self-protection.”
Source: SCMP
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29/09/2019
- Millions of Chinese children are raised by their grandparents but some seniors are demanding compensation
For generations in China grandparents have provided childcare, but some are no longer willing to do so for free. Photo: Shutterstock
The traditional role of grandparents in caring for China’s children has been called into question with two recent lawsuits sparking debate about whether seniors should be paid for their efforts.
Two grandmothers took their demands for compensation to court in separate cases which have highlighted the reliance of Chinese workers on their parents to provide childcare while they pursue professional advancement.
A woman in Mianyang, in the southwestern province of Sichuan, was awarded more than 68,000 yuan (US$9,500) by a local court after she sued her son and daughter-in-law for the costs of raising her nine-year-old grandchild, according to Red Star News.
The woman, identified only by her surname Wang, had been the child’s full-time carer for eight years after his parents left home to seek better-paid jobs elsewhere. Wang said she had taken care of most of her grandson’s living expenses and had decided to seek compensation when his parents said they were considering a divorce.
They should respect our contribution. Grandmother Wang, Sichuan province
“I only want to let them know through this lawsuit that it’s their obligation to raise their children,” she was reported as saying. “The young ones should not take it for granted that old people ought to look after their grandchildren. They should respect our contribution.”
Despite winning the case, she has not received a penny and the boy still lives with her.
In another case, three months ago, a Beijing court supported a woman’s demand for compensation for helping to raise her granddaughter since her birth in 2002.
The stories of the two women generated a public reflection on the Chinese way of childcare which, for generations, has involved leaving most – if not all – of the burden on grandparents.
One of 60 million: life as a ‘left-behind’ child in China
From a cultural perspective, it has been a matter of course in a country with a long history of several generations living under one roof, for grandparents to participate in child rearing, according to Xu Anqi, a researcher specialising in family studies at the Shanghai Academy of Social Sciences.
“Today, as people face fierce competition and great pressure from work, it’s still common to rely on their old parents to look after their children,” she said.
While rapid urbanisation in recent decades has broken up multi-generational households, Chinese elderly still take an active role in child rearing, with many relocating to their children’s cities to take on the job.
Millions more families do it the other way round – with parents leaving children in their hometown with the grandparents while they seek better paying jobs in the cities. In August last year, according to the Ministry of Civil Affairs, China had nearly 7 million “left behind kids”, as they are known.
My little granddaughter is adorable, and generally I enjoy doing all this.Li Xiujuan, grandmother
“Many grandmothers like me would joke that we are ‘unpaid nannies’, but at the same time we feel it’s our responsibility to help them out – they would be in financial stress if one of them quit or they hired a nanny,” said Li Xiujuan, who relocated from her hometown in the central province of Henan to Shanghai two years ago to help look after her granddaughter.
“I’m a 24-hour nanny for my grandkid. I prepare food for her, wash her clothes, attend early childhood classes with her, take her for a walk in the park twice a day, sleep beside her at noon and night …” she said.
“I never cared for my daughter when she was little like I do her daughter now. You know, it was also her grandmother who mainly took care of her daily life when she was young,” Li said, laughing.
“My little granddaughter is adorable, and generally I enjoy doing all this. The hard part is that I miss my friends and relatives back home. We don’t have friends here. I have plenty of things to do at home, but here, nothing but babysitting. People are polite, but it’s difficult to make new friends,” she said.
‘Left behind’ sisters cry when parents leave home to go to work
In a 2017 study of about 3,600 households in six major cities including Beijing and Guangzhou, the Chinese Society of Education found almost 80 per cent of surveyed households had at least one grandparent as carer before children began primary school.
The study also showed that 60 per cent of parents still relied on help from grandparents after children were old enough for primary school at the age of six.
Whether grandparents should be compensated for their efforts split a poll of 49,000 users conducted by social media platform Weibo in late June, with half believing that the older generation should be paid for raising their grandchildren. Only 2.3 per cent said babysitting grandchildren was “an unalterable principle” for the elderly.
“This arrangement could be well managed and improve blood ties if children reward the elderly in their own ways, such as sending gifts on holidays and taking them on trips,” Shanghai researcher Xu said.
I think what they need more is words of appreciation, which many of us have neglected. David Dai, Beijing parent
Grandmother Li agreed: “I think regular payment is a little awkward, but I do expect some kind of reward, like cash gifts on festivals and daily necessities as presents.”
David Dai, a 30-year-old white collar worker in Beijing, said how to reward grandparents for their contribution depended on the financial situation of each household.
“My parents are farmers – they are in good shape and not so old – in their late 50s, and if they didn’t come all the way from my hometown in Anhui to Beijing to look after my son, they would still be taking some odd jobs,” he said.
“Therefore, besides covering their living costs at my place, I give them cash gifts on their birthdays, the Spring Festival and other important occasions, because babysitting their grandchild means they lose the opportunity to work,” he added.
“In some families, the grandparents might have retired and have a good pension. They don’t lack money and enjoy spending time with their grandkids. I don’t think they need to be paid. I think what they need more is words of appreciation, which many of us have neglected,” Dai said.
China boosts childcare and maternal health services in bid to lift birth rate
But for those who never show any gratitude, their parents have every reason not to offer child rearing help or to demand payment, Xu said.
Zhang Tao, a lawyer at the Hiways Law Firm in Shanghai, noted that as long as at least one parent of a child was living, the grandparents had no obligation to help with childcare.
“The grandparents should be compensated for the money they have paid for the child’s education, medical fees, and accommodation from the beneficiary,” he said.
But whether they should be paid has become the latest controversy as more grandparents find it a burden.
Source: SCMP
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