Posts tagged ‘China’

29/07/2013

China’s brain drain may be world’s worst

China Daily: “Sun Zhipei has only been in Helsinki for four months, but he has already decided it is where he wants to settle.

The 35-year-old nanotech scientist previously spent almost 10 years living in Spain and Britain, and said he would not entertain the idea of returning to his native China.

“I can have more control about what I want to study here and carry out projects I’m interested in,” said the associate professor at Aalto University, who gained his PhD at the Chinese Academy of SciencesInstitute of Physics.

Sun’s attitude perhaps goes some way toward explaining a People’s Daily report in June that said China is experiencing “the world’s worst brain drain”.

Eighty-seven percent of the mainland’s top specialists in science and engineering who went abroad for work or study have no plans to return, the paper quoted an unnamed official with the Party’s coordination group on specialists as saying.

The group consists of 20 Party and government agencies, including the Organization Department of the Communist Party of China’s Central Committee, which oversees human resources.

China Daily interview requests with the organization department went unanswered.

Although independent experts and statistics do not confirm the severity of the brain drain, there is little doubt it exists.

Wang Huiyao, director-general of the Center for China and Globalization, a Beijing-based think tank, said since the reform and opening-up policy of the late 1970s, 2.6 million Chinese students have studied overseas, of which about half went to the United States.”

via China’s brain drain may be world’s worst |Society |chinadaily.com.cn.

29/07/2013

China to Launch 24-Hour Live Web Broadcast of Pandas at Chengdu Research Base

WSJ: “To kittens and puppies, now add the latest species for couch potatoes to gush over: giant pandas.

China’s Chengdu Research Base of Giant Panda Breeding has launched a free 24-hour live Internet broadcast of the cuddly critters, state-run Xinhua news agency said Monday.

Viewers can watch the pandas at the base in southwestern Sichuan province, part of their native domicile, via 28 cameras planted in five areas that will feed six channels: “garden for adult pandas,” “kindergarten,” “nursery for twins,” “mother-and-child playground,” “No.1 Villa” and “featured.”

In keeping with the bears’ famously laid-back characteristics, the broadcasts have an addictively soporific feel to them, based on China Real Time Report’s viewing of several clips the base posted as sneak peeks.

In one clip, two giant pandas sprawled motionless amid quivering leaves and small skittish birds on an elevated loft. About two minutes later, the angle shifted to a second camera, with the two pandas now seeking refuge from what appeared to be fairly tepid sunlight. In short order, another giant panda lay prone by a burbling stream, in the thrall of what appeared to be another pleasant nap.

The Chengdu base is home to more than 80 freely roaming giant pandas, so it’s unclear whether the subjects are different bears or the same few viewed from various angles.

A few minutes later, the panda by the stream changed his snoozing posture slightly. It’s a small maneuver, but rendered suddenly dramatic by the enervating lull of the video feed and the sheer celebrity of the monochromatic bear. So it comes as no surprise that the clips have already attracted nearly 15,000 viewers since their launch on June 24, Xinhua said.

“I’ve watched an entire morning of pandas eating bamboo, my appetite has improved!” a blogger called Janice Yi wrote on China’s Twitter-like microblogging service Sina Weibo. “They eat, then they fight, and when they’re tired of fighting, they eat again, then they sleep, and a whole day passes.””

via China to Launch 24-Hour Live Web Broadcast of Pandas at Chengdu Research Base – China Real Time Report – WSJ.

29/07/2013

Japan’s top diplomat heads for China seeking better ties | Reuters

Reuters: “Japanese Vice Foreign Minister Akitaka Saiki will visit China on Monday and Tuesday for talks with senior officials, the latest in a series of efforts by Prime Minister Shinzo Abe to improve relations soured by a bitter territorial row.

Japan's chief envoy to the six-party talks Akitaka Saiki arrives at Beijing airport November 30, 2010. REUTERS/Jason Lee

The hawkish Abe, who cemented his grip on power in an upper house election last week, called on Friday for an unconditional meeting between Japanese and Chinese leaders.

On Sunday, Isao Iijima, an adviser to the premier, told reporters that Abe could soon hold a summit with Chinese President Xi Jinping.

Often fragile Sino-Japanese ties have been seriously strained since September, when a territorial row over tiny islands in the East China Sea flared following Japan’s nationalization of the uninhabited isles.

Concern that the conservative Japanese leader wants to recast Japan’s wartime history with a less apologetic tone has added to the tension.

“Vice Minister Saiki will visit China on July 29-30 and exchange views with Chinese officials,” a Japanese foreign ministry spokesman said. He did not give further details.

China’s Foreign Ministry responded to Abe’s overture on Friday by saying its door was always open for talks but that the problem lay in Japan’s attitude.”

via Japan’s top diplomat heads for China seeking better ties | Reuters.

28/07/2013

U.S. – China Five Initiative Plan Will Foster Future Climate Actions

Climate Law Blog: “The United States and China agreed upon a multi-faceted climate plan to curb GHG emission at the U.S.-China Strategic and Economic Dialogue (S&ED) on July 10, 2013. The plan was designed by the U.S.-China Working Group on Climate Change, which was established pursuant to a Joint Statement from both governments in April 2013. It is led by the U.S. Special Envoy for Climate Change, Todd Stern, and the Vice Chairman of China’s National Development and Reform Commission, Xie Zhenhua.

The first Strategic and Economic Dialogue was ...

The first Strategic and Economic Dialogue was held in Washington, DC on July 27th and 28th. (Photo credit: Wikipedia)

The U.S. and China together account for around 45% of the world’s annual GHG emissions; the two countries thus bear much of the global responsibility for the changing climate. The Working Group’s Report first took stock of existing cooperative efforts between the two countries and found a breadth of joint programs and projects. Recognizing the enormous potential to deepen those collaborative actions, the Working Group recommended five key initiatives, which will be implemented to facilitate large-scale cooperative efforts and domestic actions beginning in October 2013. These new initiatives include:

* Reducing emissions from heavy-duty and other vehicles

* Increasing carbon capture, utilization, and storage (CCUS)

* Increasing energy efficiency in buildings, industry, and transport

* Improving greenhouse gas data collection and management

* Promoting smart grids

Both sides will gain sustainable economic growth from these low carbon developments on the basis of existing domestic policy and bilateral collaboration. Moreover, China will particularly benefit from reducing its air pollution and thereby improving public health through reducing emissions from heavy-duty and other vehicles.

The five-initiative plan directly followed a recent bilateral meeting in June 2013 in which presidents Obama and Xi agreed that the two countries will work together to phase down the production and consumption of HFC on both sides of the Pacific.

Though the agreement is non-binding, collaboration in climate strategy between U.S. and China is likely to spur a global response to come up with new efforts to combat climate change through enhancing domestic actions. Through October 2013, specific implementation plans regarding each of the five initiatives will be worked out. The Working Group will ensure that these are implemented with the involvement of large companies and non-governmental organizations.

Domestically, both countries have adopted laws or regulations addressing climate change. President Obama’s new climate policy announced in late June signaled the Administration’s commitment to regulating power plants, further promoting renewable energy, and increasing energy efficiency. China has enacted a renewable energy act and an energy conservation law which provide mid-to-long-term targets for shifting to clean energy and sustainable development. The five-initiative plan is another important step in furthering these domestic agendas, and, hopefully, greater world action.

via Climate Law Blog » Blog Archive » U.S. – China Five Initiative Plan Will Foster Future Climate Actions.

26/07/2013

India, China trying to develop mechanism to prevent face-off: AK Antony

Daulat Beg Oldi is in northernmost Ladakh.

Daulat Beg Oldi is in northernmost Ladakh. (Photo credit: Wikipedia)

Times of India: “NEW DELHI: India and China are trying to develop effective mechanisms to prevent the “embarrassing” face-offs between their troops along the “disputed” points of the Line of Actual Control, defence minister AK Antony said here on Friday.

 

Terming the 21-day stand-off between the two sides in Depsang valley in Daulat Beg Oldi area as an “unusual” incident, the defence minister said the two countries will meet soon in Beijing to discuss issues and try to find a solution for such “unpleasant incidents”.

“Till the final settlement of the border issue, we are trying to find out more effective mechanisms to prevent occasional incidents. There are many points in the LAC that are disputed and they are patrolled by both sides. So, sometimes it leads to some face-off,” he told reporters on the 14th anniversary of Kargil Vijay Diwas.”

via India, China trying to develop mechanism to prevent face-off: AK Antony – The Times of India.

26/07/2013

The search for civic virtues: The unkindness of strangers

The Economist: “EIGHTY years ago Lu Xun, now enshrined as the father of modern Chinese literature, observed that when others needed help his countrymen seemed to be stricken by apathy. “In China,” he wrote, “especially in the cities, if someone collapses from sudden illness, or if someone is hit by a car, lots of people will gather around, some will even take delight, but very few will be willing to extend a helping hand.”

Today such concerns lie at the heart of an agitated national debate spurred by a number of tragedies over the past few years. In 2011 a toddler known as Yue Yue was knocked down by two different vehicles on a busy street in Foshan, a boom city in Guangdong province in southern China. The vehicles did not stop. Eighteen people walked by before a humble scrap-collector picked her up. She later died in hospital. The episode was caught on surveillance camera and published online. It led to a public outpouring, with millions posting their outrage on microblogs.

Similar incidents crop up every so often. Also in 2011, an 88-year-old man collapsed in Hubei province in central China. Passers-by left him on the street for 90 minutes before some relatives arrived; he, too, later died. And last year a five-year-old boy was run over by a bus in Zhejiang province in east-central China. Videos posted online show bystanders ignoring his mother’s pleas for help.

Such grisly incidents are in fact rare. It is in the nature of things that good deeds go less remarked—including, for instance, a tendency for some Chinese couples to take in babies abandoned on their doorstep and, bureaucracy permitting, bring them up. Yet the incidents have stirred up press coverage and an anguished debate about contemporary Chinese values. Commentators blame the perceived callousness on China’s growth-at-all-costs mentality which, they claim, has created a moral vacuum. The China Daily said the case of Yue Yue symbolised “our moral decline”.

Worse, some say, those who come to the aid of others lack legal protection from a grasping and increasingly litigious society. Good Samaritans have often been shaken down by the very people they tried to help. In 2007 a student called Peng Yu was ordered to pay more than 45,000 yuan ($7,300) when an elderly woman whom he had taken to hospital after a fall accused him of causing the accident. The judge sided with the woman, reasoning that Mr Peng would not have bothered to help her unless he was at fault. Mr Peng got nationwide sympathy—though fresh evidence last year seemed to contradict his version of events.

Cases of extortion, though also rare, are widely reported. Yunxiang Yan, an anthropologist at the University of California, wrote in an essay on the subject that they constitute “a heavy blow to social trust, compassion, and the principle of moral reciprocity”. The health ministry has done its bit to discourage good deeds. Last year it advised people in a booklet on aiding others: “Do not rush to help, but manage according to the situation.”

A culture of compensation—the expectation that financial settlements will be paid to families of accident victims—has fuelled the debate. This month two teenage boys who tried to rescue two girls from drowning were pressured to pay 50,000 yuan each to the girls’ families for failing to save them. Mr Yan calls it “the Samaritan’s dilemma”: pitting a good act against the potential risk of anything going wrong.

Responding to this conundrum, this month the southern city of Shenzhen, often China’s most progressive, announced that it will implement the country’s first “Good Samaritan” law. The law aims both to encourage public acts of kindness and, crucially, to protect do-gooders should things go awry. It stipulates that Good Samaritans will face no repercussions if their efforts to help others are unsuccessful. Those framed for causing an accident now have the codified right to sue their accuser and claim—what else?—compensation.”

via The search for civic virtues: The unkindness of strangers | The Economist.

26/07/2013

Why China’s Debt Bubble Won’t Burst

BusinessWeek: “Is China facing the prospect of a financial meltdown? That’s a question gaining new urgency as its economy decelerates: Growth in the second quarter came in at 7.5 percent, its second consecutive decline. Total debt now amounts to more than $17 trillion, or an astonishing 210 percent of gross domestic product, up 50 percentage points from four years ago, estimates Wang Tao, chief China economist at UBS Securities (UBS).

Bicycle commuters ride past high-rises in Beijing in 2011

The scale of the problem suggests the worries are well founded. Take China’s highly leveraged corporate sector. Company debt reached 113 percent of GDP at the end of 2012, up from 86 percent in 2008, when the country’s leadership directed banks to open their lending spigots during the financial crisis, estimates Louis Kuijs, chief China economist at Royal Bank of Scotland (RBS) in Hong Kong. Making matters worse, the biggest company borrowers—state-owned enterprises in heavy industries like steel, aluminum, solar, and ship-building—are now saddled with overcapacity funded by the easy credit.

A significant portion of new lending is going towards paying interest on old loans, according to UBS’s Wang. “Manufacturers facing oversupply issues will be the most likely source of new non-performing loans for banks this year,” says Liao Qiang, director of ratings for financial institutions at Standard & Poor’s. “And next year banks will see growing pressure, from [stressed] property developers, construction companies, and local government borrowers.”

While the officially reported level of bad loans is still very low—just under 1 percent for commercial banks as of the end of last year—that is likely understated. Local government borrowing—in part through China’s largely unregulated shadow banking system—has surged in recent years and now amounts to about one-third of gross domestic product, according to UBS. Much of that money has been pumped into infrastructure projects and property developments that will not provide returns for years. If China’s property markets cool, local governments—heavily reliant on land sales—may start to default on their loans.

While many analysts are becoming gloomier about China’s economy, they acknowledge that there’s very little risk of a systemic crisis. Capital controls protect China from the outflows that triggered financial meltdowns in countries including Thailand and Malaysia in the late 1990s. Also, China’s external debt is very small, only 7.2 percent of GDP, points out Royal Bank’s Kuijs, so a change in sentiment by foreigners would not have much impact.

With its high personal savings and $1.7 trillion in net foreign assets, China has ample resources to bail out banks and ailing industries. Kuijs figures that even under a “severe stress” scenario, where one-third of loans went bad, the cost of a rescue would push up government debt by only seven percentage points, to a still-manageable 60 percent. “It would certainly be messy. But China has the fiscal wherewithal to absorb problems like this,” he says. UBS’s Wang is also sanguine. “The level of debt is not a good judgment of whether a country has a serious problem,” she says. “The issue is whether it can afford the debt, and so far China can.””

via Why China’s Debt Bubble Won’t Burst – Businessweek.

26/07/2013

Shoulder lights to make police more visible

China Daily:

Shoulder lights to make police more visible

Policemen wear their new shoulder lights at a ceremony to launch the use of the night lights in Southwest China‘s Chongqing on July 25, 2013. The shoulder lights are being used by the city’s police for the first time and will make policemen on patrol visible for 100 meters. Other public security guards will also be equipped with the lights, which can run for five days on two batteries. [Photo/CFP]

25/07/2013

China to invest $277 billion to curb air pollution: state media

Reuters: “China plans to invest 1.7 trillion yuan ($277 billion) to combat air pollution over the next five years, state media said on Thursday, underscoring the new government’s concerns about addressing a key source of social discontent.

The money is to be spent primarily in regions that have heavy air pollution and high levels of PM 2.5, the state-run China Daily newspaper quoted Wang Jinnan, vice-president of the Chinese Academy for Environmental Planning as saying. Wang helped draft the plan.

Tiny floating particles, measuring 2.5 micrometers or less in diameter, are especially hazardous because they can settle in the lungs and cause respiratory problems and other illnesses.

The new plan specifically targets northern China, particularly Beijing, Tianjin and Hebei province, where air pollution is especially serious, the newspaper said.

The government plans to reduce air emissions by 25 percent by 2017 compared with 2012 levels in those areas, according to the report.

“The thick smog and haze that covered large areas of the country in January has focused public attention on this issue,” Zhao Hualin, a senior official at the Ministry of Environmental Protection, told the newspaper.

China’s State Council, its cabinet, approved the plan in June, Zhao said.”

via China to invest $277 billion to curb air pollution: state media | Reuters.

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

25/07/2013

China unveils fresh measures to boost growth

BBC: “China has unveiled a series of moves aimed at boosting growth, indicating that policymakers are concerned about the slowdown in its economy.Worker climbs out of an underground construction site in Hefei, China

The steps include tax breaks for small businesses, reduced fees for exporters and opening up of railway construction.

China’s economic growth rate has slowed for two quarters in a row and there are concerns that it may slow further.

But the cabinet said the economy was in a reasonable shape and it was pushing for reforms to stabilise growth.

“The economy is still running in a reasonable range,” the cabinet said.

“We must look at now and beyond to let restructuring and reform play an active role in stabilising growth.””

via BBC News – China unveils fresh measures to boost growth.

See also: https://chindia-alert.org/economic-factors/china-needs-to-rebalance-her-economy/

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