Posts tagged ‘China’

06/09/2012

* Beijing Updates Parables, ‘The 24 Paragons of Filial Piety’

NY Times: “Reading it now, six centuries after Guo Jujing wrote this paean to parental devotion, “The 24 Paragons of Filial Piety” comes off as a collection of scary bedtime stories. There is the woman who cut out her own liver to feed her sick mother, the boy who sat awake shirtless all night to draw mosquitoes away from his slumbering parents and the man who sold himself into servitude to pay for a father’s funeral.

While the parables are even more familiar to most Chinese than Grimms’ Fairy Tales are to Americans — the text remains a mainstay of educational curriculum here — they have understandably lost much of their motivational punch.

But when the government, in an effort to address the book’s glaring obsolescence, issued an updated version last month in the hope that the book would encourage more Chinese to turn away from their increasingly self-centered ways and perhaps phone home once in a while, it wasn’t quite prepared for the backlash.

Compared with its predecessor, the new book brims with down-to-earth suggestions for keeping parents happy in their golden years. Readers are urged to teach them how to surf the Internet, take Mom to a classic film and buy health insurance for retired parents.

“Family is the nucleus of society,” intoned Cui Shuhui, the director of the All-China Women’s Federation, which, along with the China National Committee on Aging, published the new guidelines after two years of interviews with older Chinese. “We need family in order to advance Chinese society and improve our economic situation.”

So far, those good intentions appear to have prompted mostly ridicule. But they have also unintentionally kicked up a debate on whether the government, not overextended children, should be looking after China’s ballooning population of retirees.

In a fast-aging nation where hundreds of millions of people have left their former homes in the countryside in search of jobs, “The New 24 Paragons of Filial Piety” strikes many as nearly as out of touch with the problems of modern China as the old parables.”

via Beijing Updates Parables, ‘The 24 Paragons of Filial Piety’ – NYTimes.com.

See also: China’s aging population

04/09/2012

* Healthcare system to get 400b yuan injection

Chronic Disease

Chronic Disease (Photo credit: tamahaji)

China Daily: “Increase in cases of chronic diseases can mean opportunities for medical firms

Deng Jianping currently spends around 500 yuan ($79) a month on medicine for blood pressure, diabetes and coronary heart disease.

The 68-year-old Beijinger said his wife has more chronic diseases and her medication costs even more, while his two sons, 42 and 38, also need to take medicine every day for hypertension and heart illness.

Wang and his family are among the more than 260 million Chinese people, around a quarter of the nation’s population, who have been diagnosed with chronic diseases, including cardiovascular diseases, diabetes, cancer and chronic respiratory diseases.

The Ministry of Health said that around 10 million people in China have contracted chronic diseases every year since 2002.

“Prevention and control of chronic diseases will be one of the seven top tasks of China’s medical care reform by 2020,” said Health Minister Chen Zhu.

The central government will invest a total of 400 billion yuan by 2020 in the seven key projects, which also involve improvements to the grassroots healthcare system, psychological disease prevention, the construction of a digital public health information network, medical device innovation, the development of traditional Chinese medicine, and the training of general practitioners.

According to the ministry, 85 percent of deaths in China are caused by chronic diseases, with expenditure on the treatment of these accounting for 69 percent of China’s total healthcare costs last year.

Foreign pharmaceutical companies have an advantage in this sector, according to Song Yingtong, a senior analyst at Beijing Chnmed Consulting Co Ltd, a domestic pharmaceutical consulting firm.

“They have accumulated rich experience in chronic disease treatment in developed markets,” he said.”

via Healthcare system to get 400b yuan injection |Hot Issues |chinadaily.com.cn.

Hot on the announcement of expanded care is news of cash injection to make it real.  President Obama “eat your heart out.”

04/09/2012

* China’s next leader buoyed by fresh setback for Hu

Reuters: “China’s next leader, Xi Jinping, looks to have emerged politically stronger after ruling Communist Party elders foiled a second attempt by outgoing President Hu Jintao to stack the top echelon of the new administration with his own allies.

China's Vice President Xi Jinping speaks with Egypt's President Mohamed Mursi (not pictured) during a meeting at the Great Hall of the People, in Beijing August 29, 2012. REUTERS/How Hwee Young/Pool

Hu had been maneuvering to promote his star protege, Hu Chunhua, to the party’s supreme decision-making body, the Politburo Standing Committee, as part of the current leadership transition, but other senior party figures have opposed the idea, two independent sources said.

Hu Chunhua, who is not related to Hu Jintao, is instead likely to be given one of China’s biggest but also most testing political assignments as new party chief of southwestern Chongqing, the job from which disgraced politician Bo Xilai was ousted, said the sources with ties to the top party leadership.

The sideways move for Hu Chunhua, currently party boss for Inner Mongolia, follows the demotion of another of Hu Jintao’s closest allies at the weekend – both taken as signs that Xi may have a relatively freer hand to forge consensus among peers.

“Hu’s (Jintao) loss is Xi’s gain,” one of the sources with ties to the leadership told Reuters, requesting anonymity due to the sensitivity of the subject. “Xi is in a less difficult situation.”

China, currently mired in an economic downturn, faces growing calls for it to step up the pace of economic and social reforms, a task that could prove trickier for Xi if the Standing Committee were to include politicians reluctant to make changes to the cautious direction set by Hu over the past decade.

But the situation remains fluid, with the make-up of the new Standing Committee, currently comprising nine members, still to be finalized in a once-in-a-decade transition to be unveiled at the party’s 18th congress, expected next month at the earliest.”

via China’s next leader buoyed by fresh setback for Hu: sources | Reuters.

See also:

03/09/2012

* China’s steel traders expose banks’ bad debts

Reuters: “China’s banks are coming after the country’s steel traders, hauling executives into court to chase down loans that some traders said they didn’t initially need and can’t now repay.

An employee checks on a steel product at a steel production factory in Wuhan, Hubei province in this August 2, 2012 file photo. China's banks are coming after the country's steel traders, hauling executives into court to chase down loans that some traders said they didn't initially need and can't now repay. The heavy push to recover the loans is another sign of strain on China's financial system at a time when the country's leaders are contemplating another round of stimulus to boost the economy, and when banks are worried about bad debts piling up. REUTERS-Stringer-Files

The heavy push to recover the loans is another sign of strain on China’s financial system at a time when the country’s leaders are contemplating another round of stimulus to boost the economy, and when banks are worried about bad debts piling up.

The battle between the banks and steel traders also exposes flaws in the 4 trillion ($629 billion) stimulus round in 2008, and offers a warning to those calling for pumping more money into the system. At that time, Chinese banks threw money at the steel trade – a crucial cog in supplying the country’s massive construction and infrastructure growth.

But those steel loans, after offering a quick fix, became excessive, poorly managed, or a combination of the two. Government officials insisted more money was needed to prop up the industry. Steel executives said the money flow was too heavy, and they had to put the money to work in real estate and the stock market.

“After the financial crisis, when the government released its stimulus, banks begged us to borrow money we didn’t need,” Li Huanhan, the owner of Shanghai Shunze Steel Trading, told a judge at a recent hearing. “We had nothing to do with the money, so we turned to other investments, like real estate.””

via Insight: China’s steel traders expose banks’ bad debts | Reuters.

03/09/2012

* China probes ‘gutter oil in medicine’ claims

BBC News: “Chinese officials have told pharmaceutical firms to check their suppliers after claims that some have used “gutter oil” to make antibiotics, state-run media report.

File photo: Police inspecting illegal cooking oil seized in 2010

Officials are looking into firms that reportedly use the cheaper gutter oil rather than the more expensive soy bean oil in the production process.

Gutter oil is reprocessed kitchen waste dredged from restaurant drains.

It has been part of a series of recent food safety scandals in China.

The government said it would release its findings soon, without giving further details.

It is not clear whether these antibiotics pose a risk to public health, but the incident highlights how some firms cut corners to pursue profits, says the BBC’s Martin Patience in Beijing.

Scandals over contaminated food – most recently gutter oil – have caused considerable public alarm in China in recent years.

In April, state-run media reported on how officials cracked down on underground workshops that used decomposing animal fat and organs to produce gutter oil.

Police said that most of the oil was sold to oil manufacturers for food production and making hotpot soup in restaurants.

In September last year, police arrested 32 people in an operation to prevent the sale of gutter oil as cooking oil.”

via BBC News – China probes ‘gutter oil in medicine’ claims.

There seem to be no limits to the unethical behaviour of some Chinese business people. Central government is trying to do its best, in pharmaceuticals,and  food production, but the miscreants carry on.

02/09/2012

* Chinese Military Official Shamed After Attack on Flight Attendant

WSJ: “Even close ties to the military can’t shield boorish Chinese officials from being called out for behaving badly in the age of social media.

China’s state-run Xinhua news agency on Saturday issued a report largely confirming the account, originally published on Sina Corp.’s Weibo microblogging service, of an Air China flight attendant who said she was bullied by a Chinese official and his wife in a conflict over carry-on luggage during a flight on Aug. 29.

The official is identified in the Xinhua report as Fang Daguo, a member of the Communist Party Standing Committee in the Yuexiu district of the southern metropolis of Guangzhou. Mr. Fang is also political commissar for the Yuexiu Armed Forces Department.

Internet users had earlier helped identify Mr. Fang after the flight attendant, whose own identity remains unclear, posted an account of the attack on the microblogging service that quickly went viral.”

via Chinese Military Official Shamed After Attack on Flight Attendant – China Real Time Report – WSJ.

Yet another example of the increasing power of the Chinese people due to the Internet. See also:

 

02/09/2012

* Asian giants seek better ties; China defence minister in India

The Times of India: “A rare visit to India by China’s defence minister should help avoid flare-ups along the border between the nuclear-armed Asian giants at a time when Beijing is grappling with a change of leadership and friction in the South China Sea.

Chinese Minister of National Defense General Liang Guanglie stands on a balcony overlooking the campus of the U.S. Military Academy in West Point, New York, May 10, 2012. REUTERS/Mike Segar

But General Liang Guanglie‘s trip — the first by a Chinese defence minister in eight years — also highlights growing competition between the two emerging powers as they jostle for influence and resources across Asia.

Liang is due to arrive in Mumbai on Sunday afternoon after stopping in Sri Lanka, the island nation off the south coast of India that sits on vital ocean trade routes.

There he sought to play down Indian fears that China is threading a “string of pearls” — or encircling it by financing infrastructure and military strength in neighbours stretching from Pakistan to the Maldives.

“China attaches great importance to its relations with the South Asian nations, and commits itself to forging harmonious co-existence and mutually beneficial and win-win cooperation with them,” he said in speech to Sri Lankan soldiers.

“The PLA’s (People’s Liberation Army) efforts in conducting friendly exchanges and cooperation with its counterparts in the South Asian nations are intended for maintaining regional security and stability and not targeted at any third party.”

As neighbours and emerging superpowers, India and China have a complex relationship. Trade has grown at a dizzying rate but Beijing is wary of India’s close ties to Washington and memories of a border war with China half a century ago are still fresh in New Delhi.

Despite 15 rounds of high level talks to resolve the dispute about where their Himalayan border lies, neither side is close to giving up any territory. Liang is not expected to broach the territorial issue on his trip.

Analysts say Liang’s India tour will demonstrate that Beijing is managing the often twitchy relations with its neighour just ahead of its once-in-a-decade leadership transition.”

via Asian giants seek better ties; China defence minister in India – The Times of India.

See also: 

31/08/2012

* Beleaguered official faces netizens online

China Daily: “A senior work safety official’s grin at the site of a deadly traffic accident in Shaanxi province has become a nightmare haunting him.

Yang Dacai, 55, head of the Shaanxi Provincial Bureau of Work Safety, was seen to be grinning in a photo taken after he arrived at the scene of a deadly traffic accident on Sunday in Yan’an, Shaanxi. Thirty-six people were killed when a sleeper bus rammed into a truck carrying a tank of methanol and caught fire.

The photo triggered an online wave of criticism among netizens.

The criticism grew louder when photos of Yang wearing five different watches, including Rolex, Mont Blanc and Radar, were posted online.

Many bloggers questioned how he could afford the costly timepieces and called for a corruption investigation.

On Wednesday night, Yang went online and apologized for the “relaxed” grin, saying that he was just trying to cheer people up after a long trudge to the accident site.

And he defended his innocence regarding the watches, saying he had “used legal income” to buy them over the past 10 years and he had reported the situation to the Party’s disciplinary organization.

Despite this, the Party Discipline Inspection Commission of Shaanxi has started an investigation on Yang, who would be punished if he is found to have violated disciplines or committed corruption, cnwest.com, an online news portal of Shaanxi, reported on Thursday.”

via Beleaguered official faces netizens online |Society |chinadaily.com.cn.

The Internet is continuing to ‘liberate’ Chinese citizens and cede power from (minor) officials.

See also: * How China’s 300m microbloggers are shaking the system (chindia-alert.org)

31/08/2012

* Insurance to cover serious illnesses

China Daily: “China on Thursday announced a decision to expand the coverage of the country’s healthcare insurance system to include the treatment of critical illnesses, aiming to prevent patients from being reduced to poverty by necessary healthcare costs.

The new arrangement will further increase the level of protection that China’s healthcare insurance system can offer, according to a document co-issued by the National Development and Reform Commission and five other central government departments.

Sun Zhigang, head of the health reform office under the State Council, said it aims to ensure that each patient’s total medical expenditure is no more than the “household expenditure for healthcare,” which is set at the level of the regional annual per capita disposable or net income.

In an interview with Xinhua News Agency, Sun said when patients’ medical bills for necessary treatments under the existing basic healthcare insurance system exceed that level, they will be reimbursed by the newly launched critical illness insurance project.

Though around 1.3 billion people, or more than 95 percent of China’s population, were covered by the healthcare insurance system by the end of last year, medical expenditure burdens incurred by patients with severe medical conditions remain heavy, Sun said.

“The new move targets the widely recognized problem of ‘people falling into poverty because of illnesses’, and aims to ensure that most people won’t become impoverished because of diseases,” Sun said.”

via Insurance to cover serious illnesses |Politics |chinadaily.com.cn.

31/08/2012

* Shandong Heavy seeks stake in Germany’s Kion

China Daily: “Shandong Heavy Industry Group Co Ltd, the Chinese construction machinery producer, is seeking a 25 percent stake in German fork-lift manufacturer Kion Group GmbH, according to a report in German newspaper Handelsblatt, citing sources with knowledge of the negotiations.

Wiesbaden-based Kion belonged to industry group Linde AG until 2006 and now is owned by finance houses Goldman Sachs Group Inc and KKR & Co LP.

With an expected price of around 700 million euro ($879m), the transaction would be the biggest investment yet by a Chinese company in Germany, Handelsblatt said.”

via Shandong Heavy seeks stake in Germany’s Kion |Companies |chinadaily.com.cn.

See also: https://chindia-alert.org/2012/02/13/pattern-of-chinese-overseas-investments/

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