Posts tagged ‘Beijing’

21/04/2013

* Stephen Schwarzman unveils $300m China scholarship fund

BBC: “US private-equity magnate Stephen Schwarzman has launched a $300m (£200m) scholarship programme to send 200 foreign post-graduate students to study in China each year.

Blackstone boss Stephen A Schwarzman (file)

Mr Schwarzman is donating $100m of his personal $6.5bn fortune to the fund, and is raising a further $200m.

Selected students will spend a year at Tsinghua University in Beijing.

Mr Schwarzman said he hoped to foster “a win-win relationship of mutual respect” between China and the West.

The Schwarzman Scholars programme aims to rival the 111-year-old Rhodes Scholarship programme which enables foreign students to study at the UK’s University of Oxford.

It is being backed by major, mainly Western firms, many with interests in China.”

via BBC News – Stephen Schwarzman unveils $300m China scholarship fund.

19/04/2013

* China’s 2020 consumer is in a town you’ve never heard of

Reuters: “Wearing a floral brocade cardigan and toting a Huawei smartphone, Guo Qian, 22, gushes over her latest purchases on Taobao, China’s largest e-commerce platform. As an administrative worker, Guo makes only 3,000 yuan a month and spends most of it.

Customers selects hats at a street stall at the business area of Jiaozuo, China's central Henan province, December 20, 2012. REUTERS-Aly Song

Not only does she spend nearly all of her own money, Guo also fritters away most of her father’s 1,000 yuan monthly pension on trinkets and clothes on Taobao. “Sometimes I feel guilty using his money, so I buy him some clothes.”

Guo, a Zhengzhou native, already owns an apartment – her parents helped finance the purchase last year – and is on the upward climb to join China’s burgeoning middle class.

As Beijing tries to engineer a crucial macroeconomic shift– toward more consumption and less investment, the crucial “rebalancing” China’s new leadership is committed to, and the rest of the world is counting on — it is young consumers like Guo Qian who may hold the key to the transition.

Raised in an era of unprecedented prosperity, Guo, like many other members of what is known as the `post-80s’ generation (anyone born after 1980) has a very different answer than her parents when it comes to a central economic question: whether to spend the money she has, or save it?

“I don’t save at all,” she told Reuters. ” Why should I?”

Her “spend it if you’ve got it” attitude, some economists argue, may help unlock the surge in consumption that China urgently needs to rebalance its economy over the next decade, ending an era of lopsided, investment driven growth.

“This 18-35 group, for a variety of reasons, are much more optimistic and more open to risk, because they haven’t yet experienced bad times at all,” says Benjamin Cavender associate principal analyst with China Market Research. “They tend to have high disposable income relative to their earning power, and they tend not to be saving heavily.”

This generational change in mindset, harnessed to the sheer number of people growing more prosperous in once poor provinces throughout the country – such as Guo’s native Henan – is recasting China’s economic landscape: both the composition of growth, and its geography, are about to change significantly.”

via Insight: China’s 2020 consumer is in a town you’ve never heard of | Reuters.

16/04/2013

* China’s freeway to North Korea: A road to nowhere

Reuters: “A new stretch of China’s G12 expressway arcs toward the northernmost tip of North Korea, connecting one of the world’s most vibrant economies to probably its most stagnant. It is a symbol of China’s long-term goal of building economic ties with its unpredictable neighbor.

A woman stands in a gift shop in central Rason city, part of the special economic zone northeast of Pyongyang, in this August 30, 2011 file photo. REUTERS-Carlos Barria-Files

But the thin traffic along a highway lined with fallow fields in China’s Jilin province, two years after it was finished, shows how far there is to go and why plans for high-speed rail links to Chinese cities along the border look misplaced.

The problem for Beijing is twofold: getting Pyongyang to buy into the idea of economic reform and the reluctance of Chinese businessmen to venture into one of the world’s riskiest investment destinations.

While China is frustrated with Pyongyang over its threats to wage war on South Korea and the United States, its efforts to build economic links with North Korea from places like Jilin help explain why Beijing is unlikely to crack down hard on the reclusive state.

Since then-Premier Wen Jiabao went to North Korea in 2009 – just months after Pyongyang’s second nuclear test – China has sought to stabilize the Korean peninsula by stepping up its effort to steer the North toward economic reform. China is not about to give up that goal even though it’s under U.S. pressure to get tough after North Korea’s third nuclear test, on February 12.

“It’s not even shepherding anymore. It’s more of just inundating North Korea with all of these influences from the Chinese side where the idea is to essentially corrupt them, show them what it tastes like to make money,” said John Park, a North Korea expert at the Massachusetts Institute of Technology and the Harvard Kennedy School.”

via Insight: China’s freeway to North Korea: A road to nowhere | Reuters.

16/04/2013

* China issues white paper on national defense

China Daily: “China on Tuesday issued a white paper on national defense elaborating its new security concept and peacetime employment of armed forces.

Members of the People's Liberation Army guard of honour, 15 April 2013

The document, the eighth of its kind issued by the Chinese government since 1998, says China advocates a new security concept featuring mutual trust, mutual benefit, equality and coordination, and pursues comprehensive security, common security and cooperative security.

“China will never seek hegemony or behave in a hegemonic manner, nor will it engage in military expansion,” the white paper says.

According to the document, China will build a strong national defense and powerful armed forces which are “commensurate with China’s international standing and meet the needs of its security and development interests.”

The paper warns that China still faces multiple and complicated security threats and challenges.

The issues of subsistence and development security and traditional and non-traditional threats to security are interwoven, the document says.

“Therefore China has an arduous task to safeguard its national unification, territorial integrity and development interests,” it says.

The paper elaborates on the country’s diversified employment of the armed forces in peaceful times, saying that it responds to China’s core security needs and aims to maintain peace, contain crises and win wars.

Chinese armed forces are employed to safeguard borders, coastal and territorial air security and they will strengthen combat-readiness and combat-oriented exercises and drills, it says.

And they will readily respond to and resolutely deter any provocative action which undermines China’s sovereignty, security and territorial integrity.

Transparency move

In this paper, the People’s Liberation Army (PLA) for the first time reveals the actual number of army, navy and air force servicemen, designations of its army combined corps and the main missile lineup.

China now has about 850,000 army servicemen in 18 combined corps and additional independent combined operational divisions (brigades), according to the paper.

The combined corps, composed of divisions and brigades, are respectively under seven military area commands.

Currently, the PLA Navy has a total strength of 235,000 officers and men, and commands three fleets — the Beihai Fleet, the Donghai Fleet and the Nanhai Fleet.

The PLA Air Force now has about 398,000 officers and men and an air command in each of the seven military area commands of Shenyang, Beijing, Lanzhou, Jinan, Nanjing, Guangzhou and Chengdu. In addition, it boasts one airborne corps.

The PLA Second Artillery Force, the country’s core force for strategic deterrence, is composed of nuclear and conventional missile forces and operational support units, according to the paper.

It is equipped with a series of “Dong Feng”  ballistic missiles and  “Chang Jian” cruise missiles.

It also has under its command missile bases, training bases, specialized support units, academies and research institutions.”

via China issues white paper on national defense |Politics |chinadaily.com.cn.

11/04/2013

* New Beijing airport targets 2018 opening

While London continues to debate expanding Heathrow or building a new airport, Beijing takes action. Sometimes politicians in the West use ‘democracy’ as an excuse for slow progress. But often it is due to simple lack of will and decisiveness.

China Daily: “Construction of a new airport in south Beijing will start next year, and the facility is expected to be completed and put into use in 2018, local authorities announced on Wednesday.

Beijing Capital International Airport (北京首都国际机场)

Beijing Capital International Airport (北京首都国际机场) (Photo credit: dbaron)

Preliminary work prior to the construction of the airport, located in Daxing district, bordering Hebei province, is under way, sources with the Beijing Municipal Commission of Development and Reform said.

They added that the airport will be linked with three expressways, including one that will be newly built along the southern central axis of Beijing.

Under-way discussions over an urban rail transit to connect the airport are likely to be finished within the year.

The new airport project was approved at the end of 2012, as part of efforts to spur the development of Beijing’s southern suburbs.

Meanwhile, an air transport-related economic zone is also planned, with an investment of 84 billion yuan ($13.39 billion).

Upon completion, the new airport is expected to ease traffic pressure on Beijing Capital International Airport, which remained the world’s second-busiest airport in 2012 in terms of passenger throughput. Its passenger volume reach 81.8 million last year, according to a statement published by the airport in January.

via New Beijing airport targets 2018 opening |Society |chinadaily.com.cn.

10/04/2013

* Antony warns Army against threats from China, Pakistan

Times of India: “India’s deep unease over China’s growing military might and assertiveness as well as intransigence about the boundary dispute resonated at a military brass conclave on Monday, with defence minister AK Antony also underlining the threat posed by the expansive nexus forged between Beijing and Islamabad.

Português: Nova Délhi (Índia) - Desfile do Dia...

Português: Nova Délhi (Índia) – Desfile do Dia da República, na Rajpath. (Photo credit: Wikipedia)

China’s approach to India on the long-standing boundary dispute and other issues, even after the recent leadership change in Beijing, “is not likely to change” in the foreseeable future. Consequently, the Indian armed forces need to “constantly develop” their capabilities to achieve “minimum credible deterrence” against China, said Antony.

The minister, addressing the closed-door Army commanders’ conference, did point out the government was trying to resolve issues with China in a “peaceful” manner, and also cited the new bilateral boundary management mechanism as “a positive development”.

But Antony also stressed it was crucial to modernize the armed forces to counter China’s “military assertiveness”, including its massive development of military infrastructure along the 4,057-km Line of Actual Control (LAC) as well as in other neighbouring countries, like the Gilgit-Baltistan areas of Pakistan, said MoD sources.

India has belatedly taken some steps to strategically counter China but much more needs to be done at a rapid clip. While IAF is now progressively basing Sukhoi-30MKI fighters in the north-east and the Navy is bolstering force-levels on the eastern seaboard, the Army’s Rs 81,000-crore plan to raise a new mountain strike corps with associated structures is yet to take off.”

via Antony warns Army against threats from China, Pakistan – The Times of India.

25/03/2013

* China’s Xi tells Africa he seeks relationship of equals

Reuters: “China’s new president told Africans on Monday he wanted a relationship of equals that would help the continent develop, responding to concerns that Beijing is only interested in shipping out its raw materials.

TANZANIA-DAR ES SALAAM-CHINA-XI JINPING-ARRIVAL

On the first stop on an African tour that will include a BRICS summit of major emerging economies, Xi Jinping told Tanzanian President Jakaya Kikwete that China’s involvement in Africa would help the continent grow richer.

“China sincerely hopes to see faster development in African countries and a better life for African people,” Xi said in a speech laying out China’s policy on Africa, delivered at a conference center in Dar es Salaam built with Chinese money.

Renewing an offer of $20 billion of loans to Africa between 2013 and 2015, Xi pledged to “help African countries turn resource endowment into development strength and achieve independent and sustainable development”.

Africans broadly see China as a healthy counterbalance to Western influence but, as ties mature, there are growing calls from policymakers and economists for a more balanced trade deal.

“China will continue to offer, as always, necessary assistance to Africa with no political strings attached,” Xi said to applause. “We get on well and treat each others as equals.”

But gratitude for that aid is increasingly tinged with resentment about the way Chinese companies operate in Africa where industrial complexes staffed exclusively by Chinese workers have occasionally provoked riots by locals looking for work.

Countering concerns that Africa is not benefitting from developing skills or technology from Chinese investment, Xi said China would train 30,000 African professionals, offer 18,000 scholarships to African students and “increase technology transfer and experience”.”

via China’s Xi tells Africa he seeks relationship of equals | Reuters.

24/03/2013

* Africa’s trade ties with China in spotlight as President Xi visits

Reuters: “Chinese President Xi Jinping faces growing calls from policymakers and economists in Africa for a more balanced trade relationship between the continent and China as he arrives in Tanzania at the beginning of an African tour on Sunday.

Chinese President Xi Jinping adjusts his earphones during his visit to the Moscow State Institute of International Relations in Moscow March 23, 2013. REUTERS/Sergei Karpukhin

China’s ties with the continent dates back to the 1950s, when Beijing backed African liberation movements fighting to throw off Western colonial rule. It has built roads, railways, stadiums and pipelines to win access to Africa’s oil and minerals like copper and uranium to feed its booming economy.

Many across Africa see China as a valuable counterbalance to the West’s influence. But as the relationship matures there is mounting discomfort in Africa that the continent is exporting raw materials while spending heavily to import finished consumer goods from the Asian economic powerhouse.

“He will be looking to tone down the feeling that China is just here to exploit resources. I think that is going to be his main job,” James Shikwati, director of the Nairobi-based Inter Regional Economic Network think tank, told Reuters.

China’s new leader is due to land in Tanzania’s commercial capital, Dar es Salaam, on Sunday for a state banquet before delivering his first policy speech on Africa in a Chinese-funded conference hall on Monday.

Xi will go on from Tanzania to South Africa where leaders of the world’s major emerging economies, known as the BRICS, will meet on Tuesday and Wednesday and could endorse plans to create a joint foreign exchange reserves pool and an infrastructure bank at a summit.

The proposal underscores frustrations among emerging markets at having to rely on the World Bank and International Monetary Fund, which are seen as reflecting the interests of the United States and other industrialized nations.

Xi’s visit to Africa – which ends in the Republic of Congo – on his first trip abroad is seen as a demonstration of Africa’s strategic importance to China, driven by Beijing’s hunger for resources and African demand for cheap Chinese imports.”

via Africa’s trade ties with China in spotlight as President Xi visits | Reuters.

22/03/2013

* As Pollution Worsens in China, Solutions Succumb to Infighting

NY Times: “China’s state leadership transition has taken place this month against an ominous backdrop. More than 16,000 dead pigs have been found floating in rivers that provide drinking water to Shanghai. A haze akin to volcanic fumes cloaked the capital, causing convulsive coughing and obscuring the portrait of Mao Zedong on the gate to the Forbidden City.

So severe are China’s environmental woes, especially the noxious air, that top government officials have been forced to openly acknowledge them. Fu Ying, the spokeswoman for the National People’s Congress, said she checked for smog every morning after opening her curtains and kept at home face masks for her daughter and herself. Li Keqiang, the new prime minister, said the air pollution had made him “quite upset” and vowed to “show even greater resolve and make more vigorous efforts” to clean it up.

What the leaders neglect to say is that infighting within the government bureaucracy is one of the biggest obstacles to enacting stronger environmental policies. Even as some officials push for tighter restrictions on pollutants, state-owned enterprises — especially China’s oil and power companies — have been putting profits ahead of health in working to outflank new rules, according to government data and interviews with people involved in policy negotiations.

For instance, even though trucks and buses crisscrossing China are far worse for the environment than any other vehicles, the oil companies have delayed for years an improvement in the diesel fuel those vehicles burn. As a result, the sulfur levels of diesel in China are at least 23 times that of the United States. As for power companies, the three biggest ones in the country are all repeat violators of government restrictions on emissions from coal-burning plants; offending power plants are found across the country, from Inner Mongolia to the southwest metropolis of Chongqing.

The state-owned enterprises are given critical roles in policy-making on environmental standards. The committees that determine fuel standards, for example, are housed in the buildings of an oil company. Whether the enterprises can be forced to follow, rather than impede, environmental restrictions will be a critical test of the commitment of Mr. Li andXi Jinping, the new party chief and president, to curbing the influence of vested interests in the economy.”

via As Pollution Worsens in China, Solutions Succumb to Infighting – NYTimes.com.

18/03/2013

* Taiwan to aim missiles at China

News.com.au: “TAIWAN is set to produce 50 medium-range missiles next year that will target military bases in southeast China, a media report says.

Taiwan Missiles

The article on Monday came after former defence minister Michael Tsai revealed in a recently published book that the island successfully created medium-range guided missiles that could be used against rival China back in 2008.

The “Yun Feng” (Cloud Peak) missile has been developed by the state-run Chung-shan Institute of Science and Technology and each has a range of over 1,000 kilometres, said the Taipei-based China Times, citing unnamed military sources.

The missiles will be deployed in the mountains in central Taiwan from next year to aim at military targets, including airports and missile bases, along China’s southeastern coast, the report said.

Taiwan has been researching missiles of this type to counter threats from China after it fired missiles near the island in 1996, according to the report.

It added that the “Yun Feng” project was developed with the help of an unidentified European country.

The defence ministry declined to comment on Monday’s report but it has condemned Tsai’s revelations, saying they could endanger national security.

Taiwanese experts estimate China’s People’s Liberation Army currently has more than 1,600 missiles aimed at the island.

Tensions with China have eased since Ma Ying-jeou became Taiwan’s president in 2008 on a Beijing-friendly platform.

However, China still refuses to renounce the possible use of force against the island in its long-stated goal of re-taking Taiwan, which has ruled itself since the end of a civil war in 1949.

via Taiwan to aim missiles at China | News.com.au.

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