Posts tagged ‘Beijing’

13/02/2013

* Russia plans $25-$30 billion oil-for-loans deal with China

Reuters: “Rosneft is seeking to borrow up to $30 billion from China in exchange for possibly doubling oil supplies, making Beijing the largest consumer of Russian oil and further diverting supplies away from Europe.

A logo of Russian state oil firm Rosneft is seen at its office in St. Petersburg, October 18, 2012. REUTERS/Alexander Demianchuk

Four industry sources familiar with the situation told Reuters Rosneft was in talks with China’s state firm CNPC about the borrowing, which would echo a $25 billion deal the two companies clinched last decade.

Back then, Rosneft and Russian pipeline monopoly Transneft borrowed money to help Rosneft acquire the assets of nationalized oil producer YUKOS while agreeing to build a pipeline to supply China with 300,000 barrels per day for 15 years.

This time, Rosneft wants to borrow money as it is close to completing a $55 billion acquisition of rival TNK-BP to become the world’s largest oil producer among publicly traded firms.

Russia’s leading oil company, controlled by the Kremlin, is considering ultimately doubling supplies to China, sources said.

“It can be a combination of delivery options. The strategic line is to increase supplies to China,” one source familiar with the situation said.

“The reason why China is willing to lend is simple. They sit on over 3 trillion of dollars in reserves and are looking to diversify their investments,” he added referring to China’s forex reserves of $3.3 trillion.

Rosneft and CNPC declined comment.”

via Exclusive: Russia plans $25-$30 billion oil-for-loans deal with China | Reuters.

12/02/2013

* China joins U.S., Japan in condemning North Korea nuclear test

China has a difficult choice: act firmly and materially by reducing aid and upset and possibly destabilise North Korea  that may lead to a reunified Korea facing the West. Or act softly and North Korea goes merrily on its own sweet way as it has done for decades; and may be the cause of an intentional or inadvertent nuclear war. The world and esp the US will be watching carefully.

Reuters: “North Korea conducted its third nuclear test on Tuesday in defiance of existing U.N. resolutions, drawing condemnation from around the world, including from its only major ally, China, which summoned the North Korean ambassador to protest.

An activist from an anti-North Korea civic group burns a portrait of North's leader Kim Jong-un during a rally against North Korea's nuclear test near the U.S. embassy in central Seoul February 12, 2013. REUTERS-Kim Hong-Ji

The reclusive North said the test was an act of self-defense against “U.S. hostility” and threatened further, stronger steps if necessary.

It said the test had “greater explosive force” than the 2006 and 2009 tests. Its KCNA news agency said it had used a “miniaturized” and lighter nuclear device, indicating that it had again used plutonium which is more suitable for use as a missile warhead.

North Korean leader Kim Jong-un, the third of his line to rule the country, has presided over two long-range rocket launches and a nuclear test during his first year in power, pursuing policies that have propelled his impoverished and malnourished country closer to becoming a nuclear weapons power.

China, which has shown signs of increasing exasperation with the recent bellicose tone of its neighbor, summoned the North Korean ambassador in Beijing and protested sternly, the Foreign Ministry said.

Foreign Minister Yang Jiechi said China was “strongly dissatisfied and resolutely opposed” to the test and urged North Korea to “stop any rhetoric or acts that could worsen situations and return to the right course of dialogue and consultation as soon as possible”.

China is a permanent member of the UN Security Council.”

via China joins U.S., Japan in condemning North Korea nuclear test | Reuters.

10/02/2013

* China’s Focus on Aerospace Raises Security Questions

NY Times: “When Airbus executives arrived here seven years ago scouting for a location to assemble passenger jets, the broad, flat expanse next to Tianjin Binhai International Airport was a grassy field.

A worker in an Airbus facility in Tianjin, China, that completes four planes a month, mostly for state-run carriers.

Now, Airbus, the European aerospace giant, has 20 large buildings and is churning out four A320 jetliners a month for mostly Chinese state-controlled carriers. The company also has two new neighbors — a sprawling rocket factory and a helicopter manufacturing complex — both producing for the Chinese military.

The rapid expansion of civilian and military aerospace manufacturing in Tianjin reflects China’s broader ambitions.

As Beijing’s leaders try to find new ways to invest $3 trillion of foreign reserves, the country has been aggressively expanding in industries with strong economic potential. The Chinese government and state-owned companies have already made a major push into financial services and natural resources, acquiring stakes in Morgan Stanley and Blackstone and buying oil and gas fields around the world.

Aerospace represents the latest frontier for China, which is eyeing parts manufacturers, materials producers, leasing businesses, cargo airlines and airport operators. The country now rivals the United States as a market for civilian airliners, which China hopes to start supplying from domestic production. And the new leadership named at the Party Congress in November has publicly emphasized long-range missiles and other aerospace programs in its push for military modernization.

If Boeing’s difficulties with its recently grounded aircraft, the Dreamliner, weigh on the industry, it could create opportunity. Chinese companies, which have plenty of capital, have been welcomed by some American companies as a way to create jobs. Wall Street has been eager, too, at a time when other merger activity has been weak.”

via China’s Focus on Aerospace Raises Security Questions – NYTimes.com.

09/02/2013

* China to compensate woman for detention in old morgue

China seems determined to allow its citizens to petition central government and to stop local authorities from preventing this from happening.

Reuters: “China will compensate a woman who was held in a disused morgue as punishment for going to Beijing to petition against her husband’s jailing, state media said on Friday, in an unusual case of the government overturning an extra-judicial detention.

Chen Qingxia was held for three years in an abandoned bungalow once used to store bodies in northeast China’s Heilongjiang province after being abducted from Beijing by security officials, the official Xinhua news agency reported.

She had gone to the capital to seek redress for her husband, Song Lisheng, whom she said had been mistreated while serving an 18-month sentence at a re-education through labor camp, Xinhua added.

While China routinely dismisses Western criticism of its human rights record, the government does respond to some abuses, especially the more egregious ones reported by domestic media, in an effort to show that authorities are not above criticism

Chen’s plight came to public attention in December after media reported that people found posters she had put on a window of the building pleading for help, it said.

Four officials, including three police officers, had been fired in connection with the case, Xinhua added.

The government will pay medical bills and living expenses for her and her husband and step up efforts to find their young son, who became separated from Chen when she was abducted in Beijing, it said.

The amount of compensation has yet to be decided.

Chen’s case is the second reported in a week of the authorities taking action over illegally detained petitioners. A court in Beijing sentenced 10 people to up to two years in jail for illegally detaining petitioners from another city, state media said on Tuesday.

Petitioners often try to take local disputes ranging from land grabs to corruption to higher levels in Beijing, though only small numbers are ever able to get a resolution.

In many instances, they are rounded up by men hired by provincial authorities to prevent the central government from learning of problems in outlying regions, forced home or held in “black jails“, unlawful secret detention facilities.”

via China to compensate woman for detention in old morgue | Reuters.

06/02/2013

* China Province to Stop Sending Dissidents to Camps

WSJ: “A Chinese province said it is suspending use of a harsh, gulag-like prison system commonly used around the country to stifle dissent, in the strongest signal yet that officials may be phasing out the widely criticized practice.

Workers in the Shayang Re-education Through La...

Workers in the Shayang Re-education Through Labor (Shayang Farm), a re-education through labor camp in Liaoning province. Photo part of the archives of the Laogai Museum, used with permission of the Laogai Research Foundation. (Photo credit: Wikipedia)

State media on Wednesday reported authorities in the southwestern Chinese province of Yunnan said they would immediately suspend a practice known as re-education through labor, or laojiao in Chinese. The camps allow local authorities to detain those suspected of wrongdoing for up to four years without an open trial. Human-rights groups allege those detained in re-education-through-labor camps are subjected to physical abuse.”

via China Province to Stop Sending Dissidents to Camps – WSJ.com.

06/02/2013

* China OKs sweeping tax reforms to tackle inequality

First the talking – now the walking.

Reuters: “China unveiled sweeping tax reforms on Tuesday to make wealthy state-owned firms, property speculators and the rich pay more to narrow a yawning gap between an urban elite and hundreds of millions of rural poor.

A family arrives at Beijing West Railway Station February 5, 2013. REUTERS/Jason Lee

The plans approved by the State Council – China’s cabinet – also included commitments to push forward market-oriented interest rate reforms to give savers a better return and more security.

Chief among the reforms is a requirement to raise the percentage of profits contributed by state-owned firms to the government by about 5 percentage points by 2015.

Together with measures to raise wages and improve households’ return on assets, the reforms signal an attempt to shift economic growth towards increased consumption and away from the current reliance on investment spending.

“The State Council is not just talking about the gap between rich and poor, they’re talking about the whole economy and how income is distributed among various actors – the households, the corporations and the government,” said Andrew Batson, research director of GK Dragonomics, an economic consultancy in Beijing.

“It’s about changing the entire flow of income around the national economy.””

via China OKs sweeping tax reforms to tackle inequality | Reuters.

See also: https://chindia-alert.org/2012/12/10/china-wealth-gap-continues-to-widen-survey-finds/

04/02/2013

* China to help migrant workers in urbanization

China Daily: “Chinese authorities on Thursday underlined the need to help rural migrant workers become urban residents, calling it an important task for the country’s urbanization, according to its first policy document for 2013.

To promote urbanization, especially concerning migrant workers, China will put forward reforms of its household registration system, loosening requirements for obtaining residency permits in small and medium-sized cities and small townships, the document said.

The country also vowed more efforts in providing professional training for migrant workers, ensuring their social security and protecting their rights and interests, according to the document.

Migrant workers should enjoy equal rights and benefits in payments, education of their children, public health, housing and cultural services, the document said. It added that authorities will work to extend basic public services to all permanent residents in cities.

The central government also urged more serious attention be given to the left-behind population, namely children, women and old people in rural areas after their family members go to work in cities.

Local authorities at all levels as well as the public should guarantee the rights and safety of the left-behind population with support, help and care, said the document.

The first policy document, issued by the central committee of the Communist Party of China and the State Council every year, is dubbed the No 1 central document. This is the 10th consecutive year in which the document has focused on rural issues.

Chinese official data showed that the country’s migrant worker population amounted to 253 million by the end of 2011, among which 159 million were working away from their homes.”

via China to help migrant workers in urbanization |Economy |chinadaily.com.cn.

See also: https://chindia-alert.org/2012/12/17/testing-time-for-chinas-migrants-as-they-demand-access-to-education/

03/02/2013

* Number one rule of Royalty, ladies – no spitting! The woman set to cure China of its bad manners by importing a touch of British class

Mail on Sunday: “The woman who wants to cure China of its bad manners by importing a touch of British class

Elegance, to a tea: Sara Jane Ho charges thousands to teach manners to Beijing women

It is still acceptable behaviour in China to spit on the street, blow your nose in your hand, slurp your soup and unashamedly push ahead in a queue.

Hong Kong born Sara Jane Ho was brought up in London and has imported British manners to Beijing with her school of etiquette. Ms Ho charges up to £10,000 to improve manners in China’s high society.

They buy more Bentleys than the British, fill their luxury homes with more Swarovski crystal than the Swiss, and spend more on Louis Vuitton and Versace than the French or the Italians. But one precious commodity has eluded the Chinese in their extraordinary rise from peasant nation to superpower: good manners.

Officials are so exasperated by the tendency to spit, shout, slurp and push in at queues that they have taken to pleading and cajoling. It is not long since Shanghai launched a ‘Seven Nos’ campaign: no spitting, no littering, no vandalism, no damaging greenery, no jaywalking, no smoking in public places and no swearing. It was a  dismal failure.

During the 2008 Beijing Olympics, a squad of 1,500 supervisors was sent out to discourage fighting at bus stops. Paper bags were handed out by volunteers in uniforms emblazoned with the Chinese characters for mucus.

But when a Beijing university set  up a ‘civic index’ to calculate the level of politeness, researchers concluded glumly that the city was still a long way off international norms and the index was quietly dropped.

Now, however, a school of etiquette is about to open in Beijing with classes based on the deportment of the British aristocracy – and the decorous behaviour of the Duchess of Cambridge.

Sara Jane Ho, a Hong Kong businesswoman who grew up in London, is offering lessons in being classy to an exclusive clientele for an appropriately princely sum: courses at her Institute Sarita, based in the five-star Park Hyatt Hotel in Beijing, cost from £2,000 to £10,000.

Dozens of society wives have signed up for lectures on how to use a knife and fork properly, how to peel a piece of fruit, how to greet a prospective mother-in-law, how to walk in heels and how to eat soup without slurping. High-powered bosses of Chinese state-owned companies are also hiring Sara Jane for lessons on how to conduct themselves at business meetings in Europe and America.

She says a subtle pro-British snobbery is driving the desire of wealthy Chinese to improve themselves socially: ‘There is an aura of mystery about European royalty that Chinese people can’t resist. Any aristocracy in China was wiped out, so the Chinese are fascinated by the idea of a royal dynasty that stretches back hundreds of years.’

via Number one rule of Royalty, ladies – no spitting! The woman set to cure China of its bad manners by importing a touch of British class | Mail Online.

02/02/2013

* Corrupt Shaanxi banker disappears with US$160 million

This disappearance will probably be the first of many.

China Daily Mail: “Posted by chankaiyee2 ⋅ February 2, 2013

Chaoyang District

In my post “Police uncover Shaanxi fraudster’s 41 Beijing properties; arrest 4 ‘accomplices’”, I told SCMP’s story of Gong Aiai, a small potato who was for some time deputy chief of a county bank. However such a small potato was found by police to have assets worth more than 1 billion yuan ($160.2 million).

Singtao Daily reports today police investigation of her started due to a post on the internet informing against her in early December.

Singtao says that Gong denied that she had such properties in an interview with chinanews.com, but later disappeared. There is rumour that she has fled abroad using her passport with fake identity.

Chinese media have made investigation and found that Gong had valuable properties in Xian and her hometown Shenmu County and owns two large hotels in Shenmu.

However, with all such wealth, Gong was not happy and tried a failed suicide last October due to pressure from her business. Her daughter who studied in Beijing was in poor health due to excessive dieting for weight reduction.

SCMP reports: “Police have uncovered the false documents of a business partner of Gong Aia. Gao Yiner – who owned properties with Gong in Chaoyang district – had two Beijing household registration papers, called hukou, and at least two identification cards listing different birthdays.

Gong, dubbed the ‘elder sister of property’ by mainland media, reportedly had four IDs and four hukou, three of which were from her hometown of Shenmu county, Shaanxi province.”

Ming Pao says, according to Chinese web newspaper yicai.com, the household registries in many areas are somewhat in a mess. They have not only become the places for police officers to make extra money by providing people with fake identities but also shelters for corrupt officials to hide their assets.

Some police officers have revealed that some party and government officials have two household registrations to keep two identities. They use their fake identities to own their ill-gotten assets, while there are no illegal assets under their true identities. In that way, they are not afraid of declaration of their property.

From this, we see Xi Jinping’s wisdom. As soon as he took over the reigns, he said he wanted to reform the letters and calls, reeducation through labour and household registration systems.

He has conducted a swift reform of the letters and calls system to prevent local officials from intercepting and persecuting petitioners and informers so that people dare to inform against corrupt officials.

He said that he would abolish the reeducation through labour system. If that system is really abolished by the National People’s Congress, local government and police will not be able to imprison people in labour camps without proper legal procedures.

As for the household registration system, I thought that he meant allowing migrant workers to have household registration in the cities they work. That will take a long time and no priority should be given to that reform.

However, reform of the system to prevent corrupt officials from having fake identities, and discovering such fake identities, will be vital to the success of Xi’s anti-corruption drive. Xi seems to have his own source of information, so that he decided to give priority to that reform.

Sources: chinanews.com, yicai.com, Singtao Daily, Ming Pao, SCMP”

via China: Corrupt Shaanxi banker disappears with US$160 million « China Daily Mail.

02/02/2013

* China’s Environmental Protection Racket

WSJ: “Beijing’s choke-inducing air – which blanketed the city for nearly a week before being cleared away by a bout of sorely-needed wind on Friday — prompted Premier Wen Jiabao to call for action to protect the environment and public health.

If the premier and his colleagues can see through the smog on the policy front, they might consider something that has been all but overshadowed by the capital’s plight: the sorry track record of the environmental watchdog in little Nantong in east China’s Jiangsu province.

The problems in Nantong are a tale of environmental protection gone seriously wrong in a country where money clearly talks. They may also be small but critical components of an increasingly toxic environment.

According to a series of newspaper reports, online versions of which appear to have vanished into the country’s not-so-thin air, more than 30 environmental and other officials from the Nantong area were implicated in a scandal that involves bribery and turning a blind eye to pollution problems. Thanks to the reporting of the Shanghai-based China Business News (in Chinese here and here), it’s now fairly clear that Nantong environmental officials were running something closer to an environmental protection racket.

The newspaper, which had been following the story since the summer of last year, reported earlier this month that the scandal had reached the highest level of the local environmental protection bureau. Contacted by the Wall Street Journal, an official with the Nantong Environmental Protection Bureau was unable to elaborate beyond the official posting on the Nantong discipline inspection committee’s website, which stated that former bureau director Lu Boxin was found guilty of accepting bribes and sentenced to 12 years in prison (in Chinese).

This brief report, posted under the banner headline of “Study the Spirit of the 18th Communist Party Congress, Promote and Deepen the Anti-corruption Campaign and the Building of Clean Government,” said that the bribes were taken on more than one occasion.”

via China’s Environmental Protection Racket – China Real Time Report – WSJ.

See also: https://chindia-alert.org/economic-factors/greening-of-china/

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