Posts tagged ‘Beijing’

20/11/2014

China Railway Construction wins $12 billion Nigeria deal: Xinhua | Reuters

China Railway Construction Corp (601186.SS) (1186.HK) has signed a deal worth nearly $12 billion with Nigeria to build a railway along the West African nation’s coast, Chinese state news agency Xinhua said on Thursday.

The announcement comes shortly after Mexico abruptly scrapped a $3.75 billion high-speed rail contract with a consortium led by the Chinese firm over transparency concerns.

China is pushing to win railway construction projects around the world as part of plans to export its high-speed technology and lift its manufacturing sector up the value chain.

Beijing is also pumping money into the sector, with more than $100 billion worth of infrastructure projects approved in late October and early November in a bid to bolster slowing growth in the world’s second largest economy.

“It is a mutually beneficial project,” CRCC Chairman Meng Fengchao told Xinhua. He added the railway project will lead to equipment exports from China worth $4 billion, including construction machinery, trains and steel products.

via China Railway Construction wins $12 billion Nigeria deal: Xinhua | Reuters.

19/11/2014

Summitry: The Chinese order | The Economist

FOR the past week China’s state media have conveyed an almost imperial choreography playing out in the Great Hall of the People, in Zhongnanhai, the Chinese leaders’ compound next to the Forbidden City in Beijing, and at Yanqi Lake just outside the capital. Every day, on television and in newspapers, President Xi Jinping (above, right) is portrayed receiving lines of grateful world leaders. And every day he is seen arranging prosperity, ordering peace or, in an agreement with Barack Obama, America’s president, (above, left) on carbon emissions, even saving the planet. It escaped no visitor that not since Mao Zedong has a Chinese leader conducted foreign affairs with such eye-catching aplomb. Yet this was not only Mr Xi’s moment, but also China’s—a diplomatic coming-out party of sorts.

On several fronts, a country known for a somewhat reactive diplomacy has made the running. China was host this week to the Asia-Pacific Economic Co-operation—APEC, a regional trade gathering that rarely makes waves. Yet in quick succession China declared free-trade agreements with South Korea and Australia, two sizeable Asian economies, all but signed. It announced a breakthrough with America by promising at last to eliminate tariffs on information-technology products. And to the delight of Asian leaders and of Vladimir Putin, president of Russia (reviled in the West but made welcome in Beijing), Mr Xi announced $40 billion in investments to cement a new commercial “Silk Road” that will run overland through Central Asia and Russia eventually to Europe and by sea through South-East Asia to the Middle East and Africa.

Most strikingly, on November 11th Mr Xi urged APEC’s 21 members to move towards a Free Trade Area of the Asia-Pacific (FTAAP). The commitment to “study” the idea over the next two years is in effect to launch it, and for all that an eventual FTAAP is unlikely to be notable for its high standards, the announcement was intended to stand in contrast to the predicament of the 12-nation Trans-Pacific Partnership, sponsored by America, which remains bogged down in negotiations between America and Japan despite earlier hopes of a breakthrough announcement at APEC.

On security matters, Mr Xi appeared to be making the running, too. There had been a “meeting of minds”, according to Benigno Aquino, president of the Philippines, over disputed reefs in the South China Sea. Most striking, though, was an agreement for China to resume high-level contacts with Japan. China has rationed these, and in 2012 began actively challenging Japan’s control of the Senkaku islands (known as the Diaoyu islands to China) in the East China Sea; ties had been frozen entirely since Japan’s prime minister, Shinzo Abe, visited Tokyo’s Yasukuni shrine last December. The shrine, honouring Japan’s war dead, has militarist overtones.

Yet on November 7th China and Japan announced a four-point agreement to reduce tensions (see article). The signal agreement was later sealed when Mr Xi met Mr Abe for the first time as president. Admittedly, the withering handshake and puckery expression he offered Mr Abe lent the impression of a dog owner obliged to pick up another pooch’s turd.

That breakthrough was downplayed in state media, perhaps because Chinese ultranationalists might perceive in it a climbdown from China’s hard line over the islands, and towards Japan in general. But given much more prominence was the summit between the Chinese and American presidents, their second full one after that at Sunnylands in California in 2013. Again, there were welcome breakthroughs in co-operation. One was the agreement on information technology, which should now clear the way for a World Trade Organisation pact on IT products. Another was that both sides agreed to find common confidence-building and other measures to help avoid misunderstandings or accidental military confrontations on or above the East China Sea and South China Sea, where the United States shadows China’s increasingly assertive military presence.

But the biggest surprise was the agreement on greenhouse gases. China and America are the two biggest polluters, together accounting for 44% of global carbon emissions. Without their commitment to cut emissions, any global target is meaningless. On November 12th Mr Obama announced a “historic” agreement in which America will cut emissions by 26-28% by 2025, compared with 2005 levels, while China promises its emissions will peak around 2030. It gives a big boost to getting a global deal on carbon emissions at a crucial gathering in Paris next year. For China, a huge guzzler of coal, setting a date for emissions to peak is a first, even though it is five years later than the Americans would have liked. To bring down emissions after 2030, it aims for a big growth in nuclear power and for a fifth of its electricity to come from non-fossil fuels.

via Summitry: The Chinese order | The Economist.

19/11/2014

China and Japan: Out of the deep freeze | The Economist

AFTER Japan’s prime minister worshipped at Tokyo’s Yasukuni shrine last December, China declared Shinzo Abe to be beyond the pale; principles are principles. But Chinese ones are, well, nothing if not adaptable, and on November 10th President Xi Jinping met Mr Abe for the first time. A “four-point agreement” comes as a welcome signal that tensions between Asia’s two biggest powers might, at least for now, begin to ease.

The thorn in the side of relations is Japan’s Senkaku islands, which China claims and calls the Diaoyus. Chinese aircraft and coastguard vessels have greatly raised tensions from 2012 onwards, by making incursions around the Senkakus. So it is progress that Japan and China now acknowledge “the emergence of tense situations” there. For the first time Japan has referred to the Senkakus in a document with China. Chinese analysts claim a diplomatic victory. Even if obliquely, Japan acknowledges a dispute over sovereignty, Huang Dahui of Renmin University argues. Yet the wording also left ample room for Japanese diplomats to insist that they have not acknowledged any such thing.

The negotiations seem mostly about avoiding the hard issues. On Yasukuni, it beggars belief to think the Japanese promised Mr Abe would not visit the shrine where high-ranking war criminals are honoured. The joint statement says that Japan and China will overcome “political difficulties” in the spirit of “squarely facing history” (a favourite Communist Party phrase). China believes that means Mr Abe will stay away. Mr Abe and his right-wing supporters may think differently.

Most welcome is a commitment to set up crisis-management mechanisms in the crowded seas and skies around the Senkakus. For months both sides’ armed forces have seen the need for such a step, says Noboru Yamaguchi, a retired Japanese general. Yet the details remain unclear.

Now the two countries’ ministries can resume their connections, though exchanges are likely to remain fraught. As if to underscore the challenges, this week Mr Abe brought up with Mr Xi a fresh diplomatic complaint, about Chinese coral poachers hunting near Japan’s distant Ogasawara islands. As for the Senkaku islands and waters, will China withdraw incursions by its coastguard cutters? That would be the most genuine proof of a Chinese desire to lower the temperature.

via China and Japan: Out of the deep freeze | The Economist.

19/11/2014

Putin Loses His Grip on Central Asia as China Moves In – Businessweek

As President Vladimir Putin strains to keep Ukraine within Russia’s grasp, he may be losing his grip on another part of his would-be empire: the former Soviet republics of Central Asia, which are increasingly turning toward China for investment and trade.

Russia's President Vladimir Putin and Tajik President Emomali Rakhmon meet on the sidelines of an informal summit of the regional security group in 2013

In the latest sign of its growing economic ties with the region, China is planning a $16.3 billion fund to finance railways, roads, and pipelines across Central Asia, reviving the centuries-old Silk Road trade route between China and Europe. President Xi Jinping first proposed the idea last year during a visit to Kazakhstan, the region’s wealthiest country.

Beijing has plenty of reasons to spend big in Central Asia. Improved infrastructure would help link China to European markets and give China increased access to the region’s rich natural resources. Kazakhstan is a major oil producer, while neighboring Kyrgyzstan has large mineral deposits and Turkmenistan produces natural gas.

At the same time, the planned construction would give an economic boost to adjoining areas of western China where Beijing is trying to quell a separatist insurgency, says Sarah Lain, a researcher at the Royal United Services Institute in London. As it has in Africa, China is likely to bring Chinese workers into Central Asia to do much of the construction.

During much of the 19th century, the Russian and British empires vied for control of Central Asia, a rivalry dubbed the “Great Game.” But the predominantly Muslim region, which also includes the countries of Tajikistan, Turkmenistan, and Uzbekistan, was annexed by the Soviet Union after the Bolshevik revolution and has remained close to Moscow in the post-Soviet era.

Putin has sought to maintain those ties—for example, by inviting Kazakhstan and Kyrgyzstan to join a customs union with Moscow. But with the Russian economy in a deep slump, he can’t match the big money that China is offering. Indeed, Russia’s economic malaise is clobbering some Central Asian economies, spurring them to seek help from China.

via Putin Loses His Grip on Central Asia as China Moves In – Businessweek.

19/11/2014

China’s Aging Migrant Workers – Businessweek

China’s migrant worker population is getting bigger and older and includes more families living together, a government report released today shows.

A Chinese migrant worker labors at the construction site of a real estate project in Jiujiang city, east Chinas Jiangxi province on March 3, 2014.

With 245 million migrant workers as of the end of 2013, China’s liudong renkou, or floating population, now amounts to one-sixth of all Chinese. That’s up from 236 million  a year earlier, says the study, released on Nov. 18 by the National Health and Family Planning Commission.

With China’s entire population aging, it’s no surprise that its migrants are getting older, too. The report says that the average age of migrant workers has gone from 33.1 years old in 2011 to 33.7 at the end of last year. And they are more likely to move with their families: The number of migrant worker parents bringing their children with them (6- to 15-year-olds) has risen to 62.5 percent, up 5.2 percentage points from 2011.

That’s good news. China has 61 million “left-behind children”, the offspring of migrant workers who are separated from their parents and still living in the countryside, according to some estimates. They make up more than one in five of all youth in China and often suffer from psychological problems, including juvenile delinquency, and are prone to high rates of dropping out of school.

The jump in children accompanying their worker parents may suggest that life for migrant families may be slowly starting to improve. China’s leaders have made urbanization a top goal and aim to lift the proportion of people living in cities from just over 53.7 percent now to 60 percent by 2020.

To encourage that, China’s economic planners announced last November that they will start to allow migrants to get more access to urban benefits including pensions, health care, and crucially education for their children. Progress on the complicated and expensive reforms, however, has been limited.

via China’s Aging Migrant Workers – Businessweek.

13/11/2014

China, U.S. agree limits on emissions, but experts see little new | Reuters

China and the United States agreed on Wednesday to new limits on carbon emissions starting in 2025, but the pledge by the world’s two biggest polluters appears to be more politically significant than substantive.

U.S. (L) and Chinese national flags flutter on a light post at the Tiananmen Square ahead of a welcoming ceremony for U.S. President Barack Obama, in Beijing, November 12, 2014. REUTERS/Petar Kujundzic

As China’s President Xi Jinping agreed to a date for peak CO2 emissions for the first time and also promised to raise the share of zero-carbon energy to 20 percent of the country’s total, President Barack Obama said the United States would cut its own emissions by more than a quarter by 2025.

via China, U.S. agree limits on emissions, but experts see little new | Reuters.

13/11/2014

China offers ASEAN friendship treaty as South China Sea tension bubbles | Reuters

China’s Prime Minister Li Keqiang proposed a “friendship” treaty with Southeast Asian countries on Thursday but reiterated that territorial disputes in the South China Sea should be settled directly between the countries involved.

(L-R) Australian Prime Minister Tony Abbott, Cambodian Prime Minister Hun Sen, Indian Prime Minister Narendra Modi, Brunei's Sultan Hassanal Bolkiah, China's Premier Li Keqiang, Myanmar's President Thein Sein, U.S. President Barack Obama, Malaysia's Prime Minister Najib Razak and Russia's Prime Minister Dmitry Medvedev pose for a photo before the East Asia Summit (EAS) plenary session during the ASEAN Summit in Naypyitaw November 13, 2014. REUTERS/Soe Zeya Tun

China, Taiwan and four Association of Southeast Asian Nations (ASEAN) have competing claims in the sea where concern is growing of an escalation in disputes even as the claimants work to establish agreements to resolve them.

“China … stands ready to become the first dialogue partner to sign with ASEAN a treaty of friendship and cooperation,” Li told leaders at a summit of East Asian countries in Myanmar.

The treaty is seen as an attempt by Beijing to dispel any notion it is a threat.

Li added China was willing to sign legal documents with more countries in the region on good-neighborliness and friendship.

Still, the Chinese premier reiterated Beijing’s resolve to safeguard its territorial sovereignty and its position that disputes concerning the South China Sea should be settled directly rather than collectively or through arbitration.

The competing maritime claims have formed an undercurrent of tension at the East Asian and ASEAN summits in Myanmar this week.

The Philippines, one of the ASEAN claimants, has previously irked Beijing by seeking international arbitration over China’s claims to about 90 percent of the South China Sea.

Diplomatic sources from the Philippines reacted coolly to China’s treaty proposal, saying that it lacked substance and was similar to a 2012 proposal made by Manila and ignored by Beijing.

Li will meet the heads of ASEAN countries behind closed doors later on Thursday, with Southeast Asian leaders hoping to persuade their giant neighbor to take a less bellicose approach to overlapping claims in the South China Sea.

The Philippines and Vietnam have sought closer U.S. ties to counter what they see as China’s aggression in the region.

via China offers ASEAN friendship treaty as South China Sea tension bubbles | Reuters.

11/11/2014

For APEC, Beijing Briefly Cleans Up Its Skies, but Can’t Help the Sewage – Businessweek

Beijing has, once again, cleaned up the air to impress the foreign dignitaries visiting for this week’s APEC summit. The phenomenon is so predictable that there’s even a new phrase on Chinese social media, “APEC blue,” used to refer to something that is beautiful or enticing, but also fleeting. As in, “He’s not that into you, it’s just APEC blue.”

A riverbank in Beijing

Yet while China’s government can order factories in and near Beijing to shut down for about a week to clear the skies, it can’t as quickly clean up the capital’s dirty urban waterways. A new investigation by the newspaper Economic Information highlights one nasty but lingering problem in Beijing and other large Chinese cities: lack of adequate sewage treatment facilities.

Xiong Jianxin, an official in Beijing’s municipal water bureau, told the newspaper that some sewage plants on the outskirts of the capital are easily overwhelmed. While plants are built to handle up to 550,000 tons of water daily, at peak times they send as many as 100,000 tons of unprocessed sewage daily back into rivers or channels. Officials in several other large cities shared similar horror stories.

via For APEC, Beijing Briefly Cleans Up Its Skies, but Can’t Help the Sewage – Businessweek.

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10/11/2014

Xi Jinping’s Ice-Cold Handshake With Japan’s Shinzo Abe – China Real Time Report – WSJ

Well, it’s a start.

Photo

After years of tensions over disputed territory, disputed history and visits to a certain shrine, China and Japan drew closer to establishing a more functional diplomatic relationship with a handshake on Monday between Chinese President Xi Jinping and Japanese Prime Minister Shinzo Abe at the Asia-Pacific Economic Cooperation summit in Beijing.

As the video above suggests, the encounter was a tad on the chilly side, with Mr. Xi apparently refusing to return his counterpart’s greeting and looking throughout the photo op as if he’d rather be shaking hands with one of the goats that are said to be stripping the aforementioned disputed Diaoyu/Senkaku islands of their scant vegetation.

As WSJ’s Yuka Hayashi reports, however, a subsequent sit-down between the two leaders appears to have been somewhat more productive:

Speaking to reporters shortly after the meeting, Mr. Abe said, “I believe Japan and China took the first step toward improving our relationship as we go back to the principle of mutually beneficial strategic relations.”

The meeting, in Beijing’s Great Hall of the People, lasted just short of 30 minutes. It followed weeks of intense, behind-the-scenes negotiations, as officials from Asia’s two biggest economies sought to arrange for Messrs. Abe and Xi to get together on the sidelines of the Asia Pacific Economic Cooperation forum.

…“I am aware that our neighbors in Asia and many countries beyond had been hoping to see dialogue between Japanese and Chinese leaders,” Mr. Abe said. “We were able to respond to such wishes and begin taking steps toward repairing our ties.”

China and Japan had earlier issued a surprise announcement that they planned a gradual resumption of diplomatic and security dialogues, though each side translated the text of the agreement in ways that made it look like the other had folded. That subtle sniping continued on Monday, when China’s official Xinhua news agency emphasized that the meeting between Messrs. Xi and Abe came “at the request of the Japanese side” — a message Mr. Xi’s expression during Monday’s handshake helped reinforce.

It wasn’t the first time onlookers have felt a chilly blast when the prime minister of Japan met China’s president. In November 2010, for example. then-Prime Minister Naoto Kan met then-Chinese President Hu Jintao. The meeting saw a few arms-length handshakes exchanged. Mr. Kan read out his greetings to Mr. Hu from a memo. A Chinese fishing trawler had collided with a Japan coast guard boat that September near disputed islands, known as Senkaku in Japan and Diaoyu in China.

via Watch: Xi Jinping’s Ice-Cold Handshake With Japan’s Shinzo Abe – China Real Time Report – WSJ.

09/11/2014

China to establish $40 billion Silk Road infrastructure fund | Reuters

China will contribute $40 billion to set up a Silk Road infrastructure fund to boost connectivity across Asia, President Xi Jinping announced on Saturday, the latest Chinese project to spread the largesse of its own economic growth.

A map indicating trading routes used around th...

A map indicating trading routes used around the 1st century CE centred on the Silk Road. (Photo credit: Wikipedia)

China has dangled financial and trade incentives before, mostly to Central Asia but also to countries in South Asia, backing efforts to resurrect the old Silk Road trading route that once carried treasures between China and the Mediterranean.

The fund will be for investing in infrastructure, resources and industrial and financial cooperation, among other projects, Xi said, according to Xinhua.

via China to establish $40 billion Silk Road infrastructure fund | Reuters.

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