Posts tagged ‘Beijing’

12/01/2015

Northwest set to push Silk Road links – China – Chinadaily.com.cn

China’s northwest regions are planning to invest more in infrastructure, tourism and tourism-related industries to attract more visitors to the ancient Silk Road that linked China with central Asian nations.

Northwest set to push Silk Road links

Shaanxi province, whose capital, Xi’an, was the starting point of the ancient Silk Road, has launched a tourism investment fund of 5 billion yuan ($804 million).

“Thanks to the rising influence of China’s western tourism, the tourism industry of Shaanxi province has enjoyed a fast and steady growth in recent years,” said Bai Aying, vice-governor of Shaanxi province. “Now Shaanxi province has invested a lot to operate major tourism projects with the theme of Silk Road culture.”

Gansu province, with more than 1,600 kilometers of the Silk Road, is rapidly improving its transportation network as well. According to the provincial tourism authority, in the next five years, Gansu will connect major national scenic spots with nearby cities, counties and major transport roads.

Gansu will also work to attract more overseas visitors by facilitating more international airlines and gradually opening international ports of entry at the Dunhuang and Jiayuguan airports.

In September 2013, President Xi Jinping proposed an economic belt that would revive the ancient Silk Road. The trans-Eurasian project is proposed to extend from the Pacific Ocean to the Baltic Sea.

This year has been set as the Silk Road Tourism Year by the China National Tourism Administration. It is expected to facilitate regional cooperation, deepen mutual understanding and establish mutually beneficial ties for all nations involved

Li Shihong, head of the administration’s marketing and international cooperation department, said CNTA will introduce a three-year plan to coordinate the Silk Road tourism development around the country. It also will help to leverage the economy in less-developed regions.

Industry insiders said they believe this is a new opportunity for China to reintroduce its western regions and upgrade tourism facilities and services.

“The Silk Road is one of the early tourism brands that China introduced to the world. It has cultural meanings and global reputation,” said Dou Qun, a tourism industry professor at Beijing Union University. “And China has developed tourism products along the Silk Road for more than 30 years that all provide a solid foundation for another round of development this year.”

“Besides marketing, tourism authorities should also work closely with other departments including culture, transportation and public facilities to expand the current tourism products and improve the tourism experience,” Dou said.

via Northwest set to push Silk Road links – China – Chinadaily.com.cn.

12/01/2015

Sri Lanka’s President Loses an Election—and China Loses an Ally – Businessweek

China has spared no effort to make friends with Sri Lankan President Mahinda Rajapaksa. The island nation has more than $4 billion worth of Chinese-backed investments, including a $1.4 billion project now under construction of offices, hotels, apartment buildings, and shopping centers on reclaimed land in Colombo that is the largest foreign investment in the country’s history. The leading provider of loans to Sri Lanka, China is also financing a $1.3 coal power plant and $1 billion highway.

Supporters of Sri Lankan President Mahinda Rajapaksa on January 8, 2015 in Colombo, Sri Lanka

For Chinese President Xi Jinping, who visited in September, cozying up to Rajapaksa has been a twofer. Building a Chinese presence in the country helps further Xi’s ambitions to build a “maritime Silk Road” expanding China’s reach in the Indian Ocean.

At the same time, China’s expansion in the Indian Ocean country has provided a useful way to irritate Sri Lanka’s big neighbor and China’s regional rival: India. China and India have a longstanding border dispute, and China has been eager to take down India a notch by focusing on Sri Lanka and other small countries that have traditionally been in India’s sphere of influence. India, for instance, was displeased last year when two Chinese submarines docked at a Chinese-funded port terminal in Colombo.

via Sri Lanka’s President Loses an Election—and China Loses an Ally – Businessweek.

12/01/2015

Police in China shoot dead six in restive Xinjiang | Reuters

A group of “mobsters” on Monday tried to set off an explosive device in a business district in China‘s troubled western region of Xinjiang, prompting police to shoot six of them dead, the local government said.

Hundreds of people have been killed in resource-rich Xinjiang, strategically located on the borders of central Asia, in violence in the past two years between the Muslim Uighur people who call the region home and ethnic majority Han Chinese.

The government has also blamed attacks elsewhere in China, including Beijing, on Islamist militants from Xinjiang.

Monday’s violence came two months after 15 people were killed when a group threw explosives into a crowded street of vendors selling food in Xinjiang.

Police in Shule county, south of the old Silk Road city of Kashgar, had acted on a tip-off about “a suspicious person carrying an explosive device”, the Xinjiang government said on its official news website.

An axe-wielding individual tried to attack police officers and set off an explosive device, prompting the officers to shoot him, the government said.

via Police in China shoot dead six in restive Xinjiang | Reuters.

31/12/2014

$330,000 compensation for family of wrongly executed man – China – Chinadaily.com.cn

The parents of Hugjiltu, an 18-year-old who was executed after being wrongly convicted of raping and killing a woman in 1996, will receive 2,059,621.4 yuan ($332,116) in state compensation, the Higher People’s Court of the Inner Mongolia autonomous region ruled on Tuesday.

$330,000 compensation for family of wrongly executed man

The verdict has been delivered to Li Sanren and Shang Aiyun, parents of Hugjiltu, on Wednesday morning, the court said.

The parents of Hugjiltu said they respect the decision of the court.

Hugjiltu’s mother, Shang Aiyun, holds a photo of her son, who was wrongfully executed 18 years ago. [Photo by Guo Tieliu/for China Daily]

On Dec 15, 2014, the Inner Mongolia Higher People’s Court overturned Hugjiltu’s previous conviction and ruled he was not guilty of rape and murder, saying that the facts of his case were unclear and evidence was inadequate. It was 18 years after the man was executed.

The Intermediate People’s Court of Hohhot found Hugjiltu, a member of the Mongolian ethnic group, guilty of raping and fatally choking a woman in a toilet at a textile factory in Hohhot on April 9, 1996. He was sentenced to death and executed in June of the same year.

The case triggered controversy in 2005 when suspected serial rapist and killer, Zhao Zhihong, confessed to the murder after he was arrested.

Zhao allegedly raped and killed 10 women and girls between 1996 and 2005. He was tried in late 2006, but no verdict has been issued.

via $330,000 compensation for family of wrongly executed man – China – Chinadaily.com.cn.

31/12/2014

China’s Fraudbusters Crack Down on Fake Goods – Businessweek

Xu Dajiang spends at least three days a week in supermarkets in China scrutinizing products. He’s not shopping for bargains; he’s looking for any sign of flaws—an expired sell-by date, a forbidden ingredient, an exaggerated claim on a package, or outright counterfeit.

Juts Do It

Earning a living as a professional fraudbuster, Xu is a consumer turned consumer protector, searching for any wrongdoing by local and multinational companies that can be used to file a claim with a retailer and collect damages. “There will always be manufacturers who treat the law with indifference and flout it no matter how much you tighten the regulations,” he says. “That’s when fraudbusters like me have a role to play.”

Fraudbusting is flourishing in China, thanks to continued food and product safety scandals and a revised consumer protection law enacted in March that increases compensation for those who buy damaged or fake goods. The law allows consumers to try to recoup as much as three times the cost of the original product or service purchased. They can file class actions for the first time. The law also carries stiffer penalties for businesses that mislead shoppers.

via China’s Fraudbusters Crack Down on Fake Goods – Businessweek.

31/12/2014

China Adds the Equivalent of Malaysia’s Economy to its Output – Businessweek

China’s economy officially just got bigger. More important, it also became more balanced, a longtime priority of Chinese leaders and good news for the world.

China's Revised GDP Shows Rebalancing Success With Bigger Service Sector

China’s GDP revision, announced by the national bureau of statistics on its website today, shows the economy in 2013 was 1.92 trillion yuan ($303.8 billion) larger than previously thought. That’s 3.4 percent more and equivalent to adding the Malaysian economy to Chinese output, as Bloomberg News and others have noted. That puts last year’s GDP at about $9.61 trillion.

The 2014 figure will also be revised upward, although by not much, the statistics bureau says, probably early next year. And planned changes to how Beijing counts research and development costs and housing, will likely boost the size of the economy.

The revision follows the release earlier this week of data from China’s last economic census. Almost 3 million census takers polled more than 10 million companies and 60 million individual-owned private enterprises across the country for a three-month period last spring. The two previous censuses saw GDP revised up by 16.8 percent in 2004 and 4.4 percent in 2008.

“The relatively small upwards adjustment [this time], compared with previous [census] revisions, won’t make a huge difference to how the economy is viewed or to key metrics, such as China’s debt to GDP ratio,” writes Julian Evans-Pritchard, China economist at London’s Capital Economics, in a research note today. “Nonetheless, it does provide some positive news on rebalancing.”

The census revealed a bigger service sector, which in 2013 made up 46.9 percent of GDP, up from 46.1 percent before. Meanwhile, China’s often resource-wasting, pollution-generating industrial sector takes up a slightly smaller share of the economy, falling to 43.7 percent from 43.9 percent before the census.

via China Adds the Equivalent of Malaysia’s Economy to its Output – Businessweek.

19/12/2014

What could happen in China in 2015? | McKinsey & Company

It seemed harder to prepare my “look ahead” this year. On reflection, I believe this is because political and economic leaders in China have clear plans and supporting policies that they are sticking to. You can debate the pace at which actions are being taken, but not really the direction in which the country is traveling. This means a number of the themes I highlighted for this year will remain relevant in 2015:

Improving productivity and efficiency will remain the key to maintaining profitability for many companies, given lower economic growth (overall and at a sector level) and the impact of producer price deflation on multiple sectors.

The impact of technology as it eliminates jobs in services and manufacturing will become even greater (but still not in government).

As a result, the government will keep a sharper focus on net job creation and the quality of those new positions. Companies will hire even more information technologists to keep up in the race to exploit technology better than their competitors.

The push to lower pollution, and now carbon emissions, will lead to even greater investment in domestic solar and wind farms, boosting the global position of Chinese producers.

High-speed-rail construction will continue domestically and increasingly abroad, as Chinese companies become the builder of choice for high-speed rail globally.

Beyond these, there are several additional themes that will be important in 2015. I describe them below.

via What could happen in China in 2015? | McKinsey & Company.

19/12/2014

Beijing Zoo boss who put 8 million yuan fortune down to part-time taxi driving is jailed for life for corruption | South China Morning Post

The former deputy chief of China’s Beijing Zoo – who claimed his 8 million yuan (about HK$10 million) fortune was earned from part-time jobs, including working as a taxi driver – was sentenced to life imprisonment by a Beijing court this morning.

Xiao Shaoxiang was jailed for life today after being found guilty of corruption, including taking bribes and “possessing huge assets of unknown origin”. Photo: Xinhua

The Beijing Second Intermediate People’s Court found Xiao Shaoxiang guilty of corruption, including taking bribes and “possessing huge assets of unknown origin”.

All his personal property would be confiscated, the Beijing-based newspaper, Mirror, reported on its official mainland microblogging Weibo website.

Prosecutors said six million yuan in cash, paintings and gold bullion from unknown sources were found in Xiao’s apartment – a cache worth a total of 8 million yuan, the court said during his trial in August.

He was charged with accepting bribes totalling more than 140 million yuan.

Xiao, 59, had denied all the charges during the trial.

He had defended himself by claiming that he had earned the money from moonlighting as an unlicensed cab driver after work at the zoo from 1991 to 1994.

via Beijing Zoo boss who put 8 million yuan fortune down to part-time taxi driving is jailed for life for corruption | South China Morning Post.

19/12/2014

Xi Jinping Wins the Popularity Contest – Businessweek

A recent survey on the popularity of global leaders is providing rich fodder for the Communist Party of China’s propaganda machine. The study, which canvassed some 26,000 people in 30 countries on their attitudes toward 10 world leaders, shows President Xi Jinping was rated higher by the people of China than any other leader in the survey was rated by the people of his or her respective country.

Chinese President Xi Jinping

Chinese President Xi Jinping was the highest-rated world leader in many fields,” China Daily reported on Wednesday, commenting on the study (PDF), which was published by the Ash Center for Democratic Governance and Innovation at the Harvard Kennedy School and carried out by Japanese research firm GMO. “Chinese respondents showed the highest confidence in regards to how their leader handled domestic and international affairs.”

Among the national rankings, where people rate their own leader, Xi averaged 9 out of 10, higher than any other head of state, with 94.8 percent of Chinese expressing confidence about how he handles domestic affairs and 93.8 percent saying the same about international affairs.

Xi was followed by Russian President Vladimir Putin (8.7), Indian Prime Minister Narendra Modi (8.6), South African President Jacob Zuma (7), and German Chancellor Angela Merkel (6.7). U.S. President Barack Obama came in seventh place, with only a 6.2 ranking. Just 51.7 percent of Americans were confident about Obama’s handling of domestic affairs, while 49.1 percent said the same regarding international affairs.

But while Xi’s high popularity is getting lots of attention in China’s party-controlled press, the possible reasons behind it are not. Leaders in countries that hold a high degree of state control over the media would naturally rate higher, the Harvard study says, a conclusion ignored by China Daily and other Chinese publications.

via Xi Jinping Wins the Popularity Conest – Businessweek.

16/12/2014

China Wants its Nuclear Reactors ‘Made in China’ – China Real Time Report – WSJ

When a unit of North Carolina’s Curtiss-Wright Corp. won a roughly $300 million deal in 2007 to supply components for new reactors in China, industry officials trumpeted China’s nuclear boom as good for U.S. business.

Today, Chinese companies are competing for that business—and foreign companies risk getting left out. Meanwhile, Curtiss-Wright’s contract is caught up in a legal dispute, while Chinese authorities blame the company in part for the delay of a landmark nuclear project. As the WSJ’s Brian Spegele reports:

U.S. and other foreign companies are now struggling to keep their hold in China, the industry’s biggest growth market and a rare bright spot more than three years after the Fukushima disaster in Japan put many of the world’s nuclear projects on hold. Yet China is increasingly turning to local companies to build crucial parts for multibillion-dollar nuclear projects, a result of Chinese industrial nationalism and frustration over U.S. supplier problems.

With the global nuclear industry focused on China, the Chinese government has used the heft of its huge market to secure transfers of key technology and gradually localize production. In the process, China is achieving a political aim to source sensitive manufacturing at home and satisfying a practical need to avoid complications posed by faraway suppliers.

One of those supplier issues has surfaced in eastern China’s Zhejiang province, where Pennsylvania’s Westinghouse Electric Co. is building the first of four of its most advanced, commercially available reactor, the AP1000, in China. Local authorities blame two-year delays in part on quality problems related to Curtiss-Wright. In a written statement, Curtiss-Wright said it has “refined and improved our design processes” as a result.

Still, despite the challenges, opportunities remain for international providers, said Rosemary Yeremian, president of Strategic Insights Inc., a Toronto-based consultancy. China is new to the global nuclear stage, and partnerships bring quality and other assurances, she said.

via China Wants its Nuclear Reactors ‘Made in China’ – China Real Time Report – WSJ.

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