Posts tagged ‘China’

08/10/2012

* Chinese tourists head overseas during holiday

As China gains in middle class affluence, its own tourists sites get completely jammed , especially as a China has three major long public holidays: Lunar New Year, Tomb Sweeping ceremony and October National celebrations. It is therefore not surprising that those who can afford it go abroad instead.

China Daily: “A large number of Chinese tourists flocked to Thailand, South Korea and Europe during China’s National Day holiday. It’s estimated that the number of tourists booking overseas trips rose by 50 percent from last year.

South Korea emerged as the most attractive destination for Chinese tourists keen to exploit this year’s longer-than-normal holiday, because of the stronger yuan and the ease of obtaining a visa and travel.

The Korea Tourism Organization said that 100,000 Chinese tourists visited the country during the holiday, a rise of 35 percent from last year. The tourist hotspot of Jeju Island alone hosted nearly 33,000 Chinese visitors between Sept 29 and Oct 3, a 59 percent increase over last year, according to the Korea JoongAng Daily newspaper.

Most first-time visitors tended to stay north of the Han River, where famous tourist sites such as the Mt Nam peak and the Gyeongbok Palace are located. However, regular visitors tend to spend their time in Gangnam, south of the river, shopping. Duty-free stores in the Gangnam area have seen sales rise, reflecting the increase in the number of Chinese tourists who regularly visit the country.

Medical tourism is also becoming more popular. Dermatologists in Gangnam are attracting more and more Chinese customers, who come on a regular basis for procedures such as skin whitening, according to the Chosun Ilbo newspaper.

During the holiday season, charter flights to Thailand, especially Bangkok and Phuket, were available from many second- and third-tier cities. Tourism industry insiders said Thailand is popular with Chinese tourists because of it’s relatively inexpensive and easy to get to.

Meanwhile, long haul flights to France, Germany and Belgium were booked well in advance and tour agencies had sold all their seats to the Middle East and Africa by early September, making destinations such as Turkey, Egypt, South Africa and Dubai the best reserve options.”

via Chinese tourists head overseas during holiday |Society |chinadaily.com.cn.

07/10/2012

* China spends heavily in afforestation efforts

China continues to invest heavily in its environment. This is despite not formally singing up to varius global agreements.

China Daily: “The Chinese government allocated 46.2 billion yuan ($7.22 billion) from its central budget to the return-farmland-to-forests plan during 2008-2011, according to the National Development and Reform Commission (NDRC).

As of the end of 2006, around 9.3 million hectares of farmland had been converted to forests since the government launched a national campaign in 1999. Around 15 million hectares of hillside was closed to facilitate afforestation during the period, according to the NDRC.

Under the plan, farmers received grain and cash subsidies if they returned their farmlands to woodlands to combat soil erosion.

By 2006, some 124 million farmers had been subsidized and the ecological environment had seen significant improvements, the NDRC said.

The emphasis on boosting forest coverage came amid the country’s efforts to increase its “forest carbon sink capacity”. This means using forested areas to remove carbon dioxide from the atmosphere, thereby helping address global climate change.

China’s forest coverage reached 20.36 percent in 2010, up from 18.2 percent in 2005, and is expected to further increase to 21.66 percent by 2015.

via China spends heavily in afforestation efforts |Society |chinadaily.com.cn.

 

05/10/2012

* Diaoyu islands dispute hammers Japanese car sales in China

If the September drop in sales continues, the future for Japanese cars in China is very bleak indeed. There are lots of competitors both indigenous and foreign that can take up the slack. If Japanese car factories close as a result, the impact on Chinese employment will be non-trivial. So the anti-Japanese sentiment cuts both ways.

South China Morning Post: “Toyota’s sales in China halved last month from August levels, damaged by anti-Japanese sentiment in a row over disputed islands in the East China Sea, the Yomiuri newspaper reported on Friday, citing the carmaker.

Photo

Showroom traffic and sales have plunged at Japanese automakers since violent protests and calls for boycotts of Japanese products broke out across China in mid-September over Japan’s acquisition of a group of disputed islands.

A prolonged sales hit of this scale could threaten profit forecasts at Toyota, Nissan and others as China, the world’s biggest car market, makes up a bigger portion of their global sales. Toyota sold about 75,300 cars in China in August.

As demand evaporates, Toyota, Nissan, Honda and others have been forced to cut back production in recent weeks in a slowing, but still promising Chinese market.

A source told reporters late last month that Toyota’s production cutbacks could extend through November, a move that would almost certainly put the company’s goal of selling 1 million cars in China this year out of reach.

A Toyota spokeswoman in Tokyo declined to confirm the newspaper report, saying the company would announce its Chinese sales for September on Tuesday.

On Thursday, Mazda said its China sales tumbled by more than a third last month from a year earlier, providing the first concrete numbers to point to Japanese automakers’ troubles in China.

via Diaoyus dispute hammers Japanese car sales in China | South China Morning Post.

04/10/2012

* IPR awareness rises in China: experts

As China increases its own Intellectual Property and the number of registered and granted patents, it is in its own self-interest to take IPR and copyright more seriously than it has hither to.  This is good news for all innovators whether Western or Eastern.

Xinhua: “An increasing number of patents and trademark registrations is boosting social awareness of intellectual property rights (IPR) in China, which will change the way that the world’s second-largest economy grows, experts said.

The number of trademark registration applications reached 1.42 million in 2011, a sharp rise from the 19,000 applications submitted in 1983, when the country’s trademark law took effect, a national news magazine Outlook Weekly reported.

“The increasing number of patents will be conducive to IPR awareness in China,” said Prof. Liu Chuntian at Renmin University.

Liu said IPR protection is a basic tenet of the modern market economy, adding that China should carry out top-down reforms to further improve IPR regulations and laws.

The government’s previous efforts to protect IPR include a strategic guideline published in 2008 that set a goal of making substantial progress in creation, application, protection and management of IPR by 2020.

China has only 21 of the world’s top 500 brands, despite a large number of patents and trademark applications, the report said, adding that China’s performance in IPR does not match the size of its economy.

However, home-grown technologies, including the TD-SCDMA and TD-LTE telecommunications interfaces, and emerging hi-tech giants, such as Huawei and ZTE, indicate that China is starting to improve its capacity to innovate, the report said.”

via IPR awareness rises in China: experts – Xinhua | English.news.cn.

03/10/2012

* China firm sues Obama over blocked US wind farm deal

Is the Obama ban a military-defensive one or an economic-protectionist one?  Maybe the US law courts will be able to decide.

BBC: “A Chinese-owned firm in the US is suing President Barack Obama after he blocked a wind farm deal on national security grounds.

California wind farm, file picture

Ralls Corp, a private firm, acquired four wind farm projects near a US naval facility in Oregon earlier this year.

Mr Obama signed the order blocking the deal last week. The lawsuit alleges the US government overstepped its authority.

It is the first foreign investment to be blocked in the US for 22 years.

The block on the wind farms comes just weeks ahead of November’s US presidential election.

China’s state-run news agency Xinhua said “China-bashing” in order “to woo some blue-collar voters” was the reason for the decision.

Continue reading the main story

Analysis

Martin Patience

BBC News, Beijing

Mr Obama has been criticised by the Republican nominee, Mitt Romney, for not taking a tough enough line with China over trade and investment practices.

Indeed, Mr Romney has said he will label China as a “currency manipulator” if he is elected.

US politicians have long alleged that China keeps its currency artificially low giving its exports an unfair advantage and, in turn, costing the US jobs. That is denied by Beijing.

But many Chinese officials are now used to the four-year election cycle when increasingly China has become the whipping boy.

One official who worked at the Chinese embassy in Washington told me that the heated rhetoric is not taken too seriously in Beijing.

While the US election is being followed in China, the focus here is the country’s own once-in-a-decade leadership transition, which will get under way next month.

The move forced Ralls Corp to divest its stake in the projects, which were located near restricted airspace used by the Naval Weapons Systems Training Facility.

Ralls Corp’s complaint, filed on Monday, alleged that the US president had “acted in an unlawful and unauthorised manner”.

The firm, owned by two Chinese nationals, said in its suit that Mr Obama failed to adhere to the law to treat Ralls Corp on equal terms. The court documents were made public on Tuesday.

Issuing the order last week, the White House said: “There is credible evidence that leads me to believe that Ralls Corporation… might take action that threatens to impair the national security of the United States.””

via BBC News – China firm sues Obama over blocked US wind farm deal.

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02/10/2012

* China to build more high-speed railways

When these plans have been implemented, China will be the only country to have separate passenger and freight lines. That, in theory, should speed up both types of traffic.

China Daily: “China is aiming to build separate passenger and freight networks within its railway system, one of the world’s busiest. It may come true on some bustling lines in 2015, when a high-speed passenger transport network is expected to become fully operational.

According to a five-year plan on China’s transport system recently approved by the State Council, China’s cabinet, China will create a high-speed railway backbone network featuring four east-west lines and four north-south lines by the end of 2015.

The Ministry of Railways said that the total milage of high-speed railway will reach some 18,000 km by then.

China’s high-speed lines, which should have an average speed of over 200 km per hour, stood at 6,894 km in August, fewer than last year as a speed cut was executed after the Wenzhou accident, according to the ministry.

Railway expert Wang Mengshu said that as new high-speed lines open, transportation capacity will be released from conventional lines, which will gradually turn into freight lines.

“Putting passenger and freight on separate tracks will greatly increase traffic volume,” said Wang, also an academician of the Chinese Academy of Engineering. “The plan indicates that China will continue to develop high-speed trains to address its transportation bottleneck.”

The plan is long-awaited as China’s high-speed railway development has been set back by the Wenzhou collision last July that left 40 dead.

The crash seriously dented China’s enthusiasm for high-speed rail. China halted work on new lines and conducted nationwide safety checks. A total of 54 people, including minister-level officials, were punished following the accident. Local railway bureaus and stations have been ordered to improve train scheduling and management, as well as conduct more intensive work safety training.

A railway ministry report released in July says that signaling and lightning diffusion equipment has been checked and reinforced at more than 1,000 railway stations.

The changes were in response to the two major causes of the Wenzhou accident, management failure and faulty signaling equipment.

via China to build more high-speed railways |Society |chinadaily.com.cn.

01/10/2012

* China has most microbloggers in the world: report

This report confirms what we have been observing for the last several months that Chinese microbloggers are being taken seriously by the Chinese authorities. This is really a continuation of the ancient petition system whereby any citizen can appeal directly to the emperor for redress. Since travelling to Beijing may be costly and time consuming, microblogging may be the 21st century alternative if the authorities are actually going to listen and do something about the grievance.  This report indicates that this is happening.

Xinhua: “China has the world’s largest number of microbloggers, said a latest report on the country’s new media development.

File:Sina Weibo.svg

The report, published by the Social Sciences Academic Press annually, quoted the China Internet Network Information Center (CINIC), which said that about 274 million Chinese people had microblog accounts as of June this year.

The number of microbloggers increased sharply from about 63 million in 2010, said the report issued by a team of social sciences experts headed by Yin Yungong, director of the Institute of Journalism and Communication of the Chinese Academy of Social Sciences.

Microblogging has become an important channel for Chinese people to express themselves, particularly about public issues, it said.

It has also become an easy and low-cost communication channel between the government and citizens, the report said. At Sina Weibo, a leading microblogging service, 18,132 accounts have been registered by the Party and government departments and officials as of last October.

Social networks like microblogging have begun to set the agenda of public opinions and affected public emotions in some incidents, like the high-speed train crash near Wenzhou, in east China’s Zhejiang Province, in July last year, the report said.

Governments have realized the influence of social networks and put more effort in working with them, it said.

Research by the report’s authors from July to December last year showed that the authorities responded to about 71.9 percent of issues that were widely discussed by microbloggers and 50.4 percent were within 24 hours.”

via China has most microbloggers in the world: report – Xinhua | English.news.cn.

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29/09/2012

Suddenly, China’s aircraft carriers will increase by 100%!

29/09/2012

* China at critical time as CPC congress approaches

The article below is amazingly frank and open to be published by any official Chinese organ. It mentions the Cultural Revolution in negative terms, and it refers to “uninhibited and widespread abuse of power and corruption among government officials”. The article has obviously been vetted by senior officials before its release. If this level of frankness and openness continues, then true reform cannot be far behind. But, of course, as the article states at the end ” … the country’s new leaders, as what they say and do may signal the beginning of great changes in China …”

Xinhua: “There may be no better time than today to observe how China will change in the future, as the Communist Party of China (CPC) is gearing up for a key meeting that will see a once-in-a-decade leadership transition in the world’s most populous nation.

In a year of global elections, the world is closely scrutinizing the CPC 18th National Congress, to be convened on Nov. 8, and waiting to see how it will stand up to challenges facing the country and the CPC, as well as how it will influence the world at large.

After more than three decades of rapid growth thanks to the reform and opening-up drive, China has ushered in an important era of transition in which the country must transform its economy and make it more sustainable.

No matter how one views the event, the CPC’s 18th National Congress comes at a critical time for China, as the leadership it selects and the decisions it makes will have a profound impact on the world’s second-largest economy, and more importantly, on its people.

The Chinese have experienced many such critical moments in the past century, during which time incredible changes occurred in the country and the CPC itself.

One apparent distinction is that the CPC has grown incredibly large, with the number of members exploding from about 50 when the Party was founded in 1921 to more than 82 million on the eve of the CPC 18th National Congress, a number equivalent to the entire population of Germany.

Since it became the ruling party in 1949, the CPC has suffered twists and turns, such as the self-inflicted Cultural Revolution from 1966 to 1976, but managed to restore China’s economic strength in the global arena through reform and the introduction of a market economy.

Over the past decade, China has become the world’s fastest growing economy, with an average annual growth of 10.7 percent from 2003 to 2011, according to data from the National Bureau of Statistics. China took up about 10 percent of the world’s gross domestic product while contributing more than one-fifth of global growth last year.

Yet unprecedented challenges are still ahead for the CPC, even though its top leadership has defined the current transition period as a time that is full of strategic opportunities to build China into a prosperous society by 2020.

The CPC 18th National Congress comes at a time when the economy is facing mounting downward pressure after three decades of almost two-digit growth.

The era of ultra-high economic growth will soon be fading in China, where policymakers will have to get used to an economy that expands by about 8 percent annually, according to a study conducted by a research team from the Chinese Academy of Social Sciences, a government think tank.

But the most pressing issue for the Chinese public is the uninhibited and widespread abuse of power and corruption among government officials and businessmen. A series of systematic and structural problems that have impeded the healthy development of the Chinese economy and society have yet to be resolved.

Addressing problems that concern the people’s vital interests and giving more respect to the will of the people in making policies will continue to be a challenge for the CPC.

Challenges have also appeared from outside, as the external environment has never been as complicated as it is now.

Due to the deepening of the sovereign debt crisis and massive economic restructuring that occurred after the global financial crisis, developed economies may sink into long-term recession, thus creating new uncertainties and posing increasing risks for emerging economies like China.

While maintaining the continuity of its policies, China must also adjust its relations with major powers, developing countries and neighboring countries according to the latest changes in the global situation. Any change in China will inevitably affect the rest of the world in an era of economic globalization.

All of these problems and challenges will have to be addressed when the CPC’s 18th National Congress is convened.

Hopefully, the CPC will draw lessons from its past successes and failures and establish a future direction for the country through resolutions on ideology-building, political routes and personnel management.

When the congress opens, people inside and outside China should closely watch the country’s new leaders, as what they say and do may signal the beginning of great changes in China and the rest of the world.”

via China at critical time as CPC congress approaches – Xinhua | English.news.cn.

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29/09/2012

* All that glitters is sold

China Daily: “With the rapid development of China’s economy, Chinese consumers’ appetite for jewellery has continued to grow, resulting in consistent sales growth in the domestic market.

All that glitters is sold

In 2011, spending in China’s retail jewellery market reached 40 billion yuan ($6.3 billion), making it the world’s largest consumer market for platinum and jade, and the second-largest diamond jewellery consumer after the US. But in addition to being one of the world’s largest jewellery consumers, China has gradually emerged as a competitive jewellery maker in the international market.

In fewer than 20 years, China’s jewellery industry has grown rapidly, and Shenzhen, a booming city in South China’s Guangdong province, has played a crucial role in leading this industry.

Thanks to the influence of Hong Kong’s industry, the past two decades have seen Shenzhen evolve into China’s jewellery capital. Since the 1990s, the city has been acknowledged as China’s biggest jewellery manufacturing base and trade distribution center.

According to the Gems and Jewellery Trade Association of Shenzhen, more than 2,000 jewellery companies now call the city home, and their annual output value of more than 50 billion yuan accounts for more than 70 percent of China’s overall jewellery production. In fact, the sales revenue of Shenzhen’s jewellery enterprises is not just ranked first in terms of domestic market share, it makes up about one-third of China’s total.

But jewellers in Shenzhen are no longer content to remain the largest outsourcing base for brands from Hong Kong or other parts of the world. They are trying to reshape old business models by investing heavily in branding their own independently designed products, aspiring to upgrade Shenzhen from an international hub of original equipment manufacturers to the birthplace of famous jewellery brands.

Some jewellers in Shenzhen have taken the lead in brand-building campaign. One of the most successful is Chow Tai Seng Jewelry Co Ltd, a large jewellery producer based in the city.

Established in 1966, Chow Tai Seng Jewelry is now one of the largest diamond-jewellery retailers and wholesalers in China. It currently has the largest jewellery chain in the country, with more than 2,000 shops in more than 300 Chinese cities.

The company posted sales revenue of 13 billion yuan (US$2 billion) in 2011, accounting for 7.1 percent of the market. Zhou Zongwen, board chairman of Chow Tai Seng Jewelry, said sales this year are expected to increase by about 30 percent over the previous year, and the company will maintain this robust growth momentum in the next few years.”

via All that glitters is sold |Economy |chinadaily.com.cn.

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