Posts tagged ‘China’

03/02/2015

BBC News – The palace of shame that makes China angry

There is a deep, unhealed historical wound in the UK’s relations with China – a wound that most British people know nothing about, but which causes China great pain. It stems from the destruction in 1860 of the country’s most beautiful palace.

Tourists at the Old Summer Palace

It’s been described as China’s ground zero – a place that tells a story of cultural destruction that everyone in China knows about, but hardly anyone outside.

The palace’s fate is bitterly resented in Chinese minds and constantly resurfaces in Chinese popular films, angry social media debates, and furious rows about international art sales.

And it has left a controversial legacy in British art collections – royal, military, private – full of looted objects.

By coincidence, one of the story’s central characters is Lord Elgin – son of the man who removed the so-called “Elgin marbles” from Greece.

But there’s a twist – a hidden side to this story – which I’ve been exploring as it involved my ancestor, Thomas Bowlby, one of the first British foreign correspondents.

His torture and death at Chinese hands – and the revenge taken by Britain, destroying the old Summer Palace in Beijing in 1860 – was a moment, says one scholar, that “changed world history”.

These days the site is just ruins – piles of scorched masonry, lakes with overgrown plants, lawns with a few stones scattered where many buildings once stood. The site swarms with Chinese visitors, taken there as part of a government-sponsored “patriotic education” programme.

As everyone in China is taught, it was once the most beautiful collection of architecture and art in the country. Its Chinese name was Yuanmingyuan – Garden of Perfect Brightness – where Chinese emperors had built a huge complex of palaces and other fine buildings, and filled them with cultural treasures.

A new digital reconstruction by a team at Tsinghua University gives a vivid idea of what this extraordinary place looked like when, 155 years ago, a joint British-French army approached Beijing.

via BBC News – The palace of shame that makes China angry.

03/02/2015

Shanghai’s economy: GDP apostasy | The Economist

IN AN officially atheist country, one form of worship actively encouraged by the Chinese government has been devotion to GDP. From village chiefs to national leaders, presiding over fast economic growth has been the surest path to career success. Targets for GDP have formed the centrepiece of annual budgets, with officials convinced that failure to achieve them would lead to soaring unemployment and even chaos. Officials fiddle the numbers—massaging them up when growth is too slow and down when it is too fast—but basic faith in GDP as the most powerful expression of their aims and accomplishments has been unwavering.

So the break with tradition was something akin to Vatican II, when on January 25th the Shanghai government announced its policy plans for 2015 and chose to omit a GDP target. While Yang Xiong, the mayor, pledged that the city would “maintain steady growth”, he gave no indication of what that might mean in numbers. In recent years China’s 31 provinces and mega-cities have steadily lowered their GDP targets as the economy has slowed. At least two-thirds missed their goals last year, a sign that such targets have become less important than in the past. But Shanghai is the first to dispense with a target altogether. The city’s Communist Party chief, Han Zheng, is a member of the ruling Politburo, so the omission was a powerful signal.

China’s leaders are still very keen on GDP. When growth slowed sharply early last year officials ramped up spending on infrastructure, a spending boost that helped the central government to come in just one-tenth of a percentage-point shy of its growth target of 7.5% last year. But leaders have been calling for more attention to economic quality rather than just quantity. They want to end an investment-heavy approach that has damaged the environment and led to a dangerous build-up of debt. Ending a fixation on GDP targets will be a great help.

With no such target to cling to, or to blush at when missed, Shanghai officials now have more scope to work on other things. Transforming the city’s free-trade zone, much hyped but little used, into a real testing ground for financial reforms, as was initially intended, is a priority. “Officials will feel less pressure to meet short-term investment objectives,” says Zhu Ning of the Shanghai Advanced Institute of Finance. Mr Yang, the mayor, says Shanghai wants to create 500,000 new jobs this year. That will only be possible if the economy remains strong. But quite what level of GDP is needed to foster such job creation is uncertain, especially as labour-intensive services come to dominate the city’s economy. So it is sensible to follow the example of other countries and focus more on employment levels than GDP.

For China as a whole, it is too soon to expect an end to GDP targeting. It will remain an important policy tool for guiding and evaluating officials, especially in poorer parts of the country where faster growth is needed to narrow the gap with coastal cities. Tibet is shooting for 12% growth this year, the same target as it set, and achieved, in 2014. But Shanghai’s example proves that, even in the grand temple of China, the cult of GDP is losing adherents.

via Shanghai’s economy: GDP apostasy | The Economist.

03/02/2015

Mines Shut as China Burns Less Coal – China Real Time Report – WSJ

Yu County, a sprawling mountainous area in China’s northern industrial province of Hebei, is known for its ancient temples and coal mines. These days, the temples remain, but the mines are vanishing. As the WSJ’s Chuin-Wei Yap and Rhiannon Hoyle report:

“We used to have around 300 coal mines in the area. Now it’s down to 70-plus,” said a manager of a local pit who identified himself only as Mr. Cheng. Shrinking profit margins and a failure to meet safety standards have led many to close, Mr. Cheng said. His own midsize company, Kanghe Coal Mining Co., was swallowed by a larger competitor, state-owned Kailuan Group Co., last year.

What is happening in Yu County is an illustration of the bleak times for the global coal industry. Tougher environmental standards coupled with shrinking demand have led to the closing of mines across China and sent coal prices to their lowest in six years. China’s coal output likely fell 2.5% in 2014, the first annual decline in 14 years, the China Coal Industry Association said last week. And while full-year data aren’t yet available, official statistics show China consumed 1.1% less coal in the first three quarters of 2014 than a year earlier.

via Mines Shut as China Burns Less Coal – China Real Time Report – WSJ.

03/02/2015

China’s Antigraft Drive Turns to Financial Sector – China Real Time Report – WSJ

President Xi Jinping’s two-year antigraft campaign is hitting China’s vast financial sector, according to officials with knowledge of the matter, after investigators began questioning a senior executive at a major bank over his political ties and a board member at a second lender regarding possible corruption. As the WSJ’s Lingling Wei reports:

Mao Xiaofeng, until recently a rising star at China Minsheng Banking Corp. , resigned as president for “personal reasons,” Minsheng said on Saturday. Chinese anticorruption officials are questioning Mr. Mao over his ties to a former top Chinese Communist Party official, Ling Jihua, who is himself being investigated by graft inspectors, according to an official at one of China’s financial regulatory agencies.

And late Monday nightBank of Beijing Co. said that Lu Haijun, a board member, is being investigated over “possible serious violations” of party discipline—a euphemism for corruption among Chinese officials. A statement the bank posted on the Shanghai Stock Exchange said its operations aren’t affected by the probe.

via China’s Antigraft Drive Turns to Financial Sector – China Real Time Report – WSJ.

03/02/2015

China says 90 percent of cities failed to meet air standards in 2014 | Reuters

Nearly 90 percent of China’s big cities failed to meet air quality standards in 2014, but that was still an improvement on 2013 as the country’s “war on pollution” began to take effect, the environment ministry said on Monday.

The Ministry of Environmental Protection said on its website (www.mep.gov.cn) that only eight of the 74 cities it monitors managed to meet national standards in 2014 on a series of pollution measures such as PM2.5, which is a reading of particles found in the air, carbon monoxide and ozone.

Amid growing public disquiet about smog and other environmental risks, China said last year it would “declare war on pollution” and it has started to eliminate substandard industrial capacity and reduce coal consumption.

In 2013, only three cities – Haikou on the island province of Hainan, the Tibetan capital of Lhasa and the coastal resort city of Zhoushan – met the standards.

They were joined in 2014 by Shenzhen, Huizhou and Zhuhai in southeast Guangdong province, Fuzhou in neighboring Fujian and Kunming in the southwest.

Of the 10 worst-performing cities in 2014, seven were located in the heavy industrial province of Hebei, which surrounds the capital, Beijing, the ministry said. The cities of Baoding, Xingtai, Shijiazhuang, Tangshan, Handan and Hengshui, all in Hebei, filled the top six places.

via China says 90 percent of cities failed to meet air standards in 2014 | Reuters.

31/01/2015

China’s Provinces Lower Their Sights After Most Miss Economic Targets – China Real Time Report – WSJ

Most Chinese provinces missed their economic growth targets for last year, according to figures published Friday, in what would only recently have been an unthinkable event but is another sign of the economy’s rapid deceleration.

Out of 31 provinces and province-like administrative regions, 27 missed their marks, while one met its target and three have yet to report their performance, according to the Beijing News, a state-run newspaper.

Growth targets have been seen for decades as ironbound objectives, by Chinese officialdom, from Beijing on down. Provinces have typically competed to outdo the national target—which has ranged around 7% to 8%–setting their own goals higher and then making sure they exceed them, and with good reason: Growth factors heavily in the performance assessments for mayors, governors and other officials seeking promotions to higher office.

via China’s Provinces Lower Their Sights After Most Miss Economic Targets – China Real Time Report – WSJ.

31/01/2015

5 Things to Know About Turkey and the Chinese Uighurs – WSJ


Embed from Getty Images

1 TURKISH NATIONALISTS CONSIDER UIGHURS KIN.

Many Turkish nationalists regard the Uighurs, who speak a Turkic language, as part of a broad family of ethnic Turks spread across Eurasia. They have lobbied successive Turkish governments to offer refuge to those fleeing Chinese rule and to allow Uighurs to campaign against Beijing’s policies from Turkish soil.

2 TURKEY HAS SHELTERED UIGHUR LEADERS SINCE AT LEAST THE 1950S.

Turkey offered shelter in the 1950s to Isa Yusuf Alptekin, a Uighur nationalist who was a leader of the East Turkestan Republic established in southern Xinjiang from 1933 to 1934. A small park named after him can be found in Istanbul, near the Blue Mosque in the city’s historic center.

3 TURKISH AUTHORITIES HELPED ESTABLISH UIGHUR COMMUNITIES IN TURKEY IN 1965.

In 1965, Turkey offered sanctuary to a group of some 200 Chinese Uighurs who had escaped on foot to Afghanistan. Turkish authorities airlifted them out of Kabul and settled them mostly in the central Turkish city of Kayseri, where many still live today.

4 UIGHURS FLEEING CHINA OFTEN HEAD FOR ISTANBUL.

The Turkish government doesn’t provide official statistics for the number of Uighurs in Turkey. Uighur groups say there are about 20,000, many of whom have never been to China. About 1,500 are in Kayseri, while most others live in Istanbul, especially in the Zeytinburnu neighborhood near old town. There are also hundreds of thousands of Uighurs living in former Soviet Central Asia

5 THE UIGHUR ISSUE MAKES TURKEY-CHINA RELATIONS A DELICATE BALANCE.

After inter-ethnic rioting in 2009 left at least 156 dead in Urumqi, the capital of Xinjiang, Turkey’s then Prime Minister — now President — Recep Tayyip Erdogan described the violence as “genocide,” prompting an angry response from Beijing. In 2012, with relations improving, Mr. Erdogan made his first stop in Xinjiang during an official visit to China.

via 5 Things to Know About Turkey and the Chinese Uighurs – WSJ.

31/01/2015

China expels top police official from Communist Party | Reuters

Fast and furious, the anti-corruption campaign continues to run.

“A top police official under investigation for corruption has been expelled from China’s ruling Communist Party, the country’s top anti-graft body said on Friday.

State media said Cai Guangliao holds the rank of major general in the paramilitary armed police, which is under the powerful Central Military Commission (CMC). He was first placed under investigation last year on suspicion of violating party discipline, a euphemism for corruption.

A statement from the anti-corruption agency said Cai took advantage of his position to seek benefits for others and accepted bribes, illegally engaging in business activities and accepting gifts of money and valuables.

His case has been transferred to the judicial system, the statement said.”

via China expels top police official from Communist Party | Reuters.

31/01/2015

Panasonic withdraws from TV production in China: source | Reuters

As we said with the reduction of workforce at Foxconn, this could be the beginning of the end to off-shored manufacturing.  Time will tell if we’re right or not.

Panasonic Corp (6752.T) has stopped making TVs in China and plans to liquidate its joint venture in Shandong, a company source said on Saturday, the latest in a string of Japanese electronics companies exiting overseas TV markets amid strong pricing pressure.

Exhibitors prepare the Panasonic exhibit space ahead of the International Consumer Electronics show (CES) in Las Vegas, Nevada January 5, 2015. The show officially opens on January 6. REUTERS/Rick Wilking (UNITED STATES - Tags: BUSINESS SCIENCE TECHNOLOGY)

The source, who did not want to be identified because the move had not yet been announced to the roughly 300 workers at the Shangdong plant, said Panasonic ended production there on Friday.

The Nikkei earlier reported that Panasonic would withdraw from TV production in China and Mexico. The report said the company was expected to sell the Mexican plant, which has produced about 500,000 units a year, most of which were shipped to the United States.

Reuters could not confirm the company’s plans to exit Mexico. It currently has two plants in that country, part of the company’s nine TV manufacturing plants, excluding Shangdong.

A fierce price war has made the global TV market unprofitable for many Japanese electronics makers. Panasonic said in late October it was transferring its unprofitable Sanyo television unit in the U.S., which supplies sets to Wal-Mart Stores, to Funai Electric (6839.T) in return for royalties.

Toshiba Corp (6502.T) said on Thursday that it would stop making and selling TVs in North America and was considering similar exits from other countries.

Sharp Corp (6753.T) has licensed its TV brand in Europe to Universal Media Corp Slovakia as part of an effort to trim costs and pull back from loss-making operations. Sony Corp (6758.T) has spun off its struggling TV business into a separate entity, although CEO Kazuo Hirai has said the company does not plan to sell or shut down the unit.”

via Panasonic withdraws from TV production in China: source | Reuters.

29/01/2015

China pledges to ‘regulate and revamp’ e-commerce sector amid Alibaba row | South China Morning Post

The Ministry of Commerce said it will boost regulation of China’s e-commerce sector amid the continuing row between Alibaba Group, over alleged sale of fake goods by its subsidiary Taobao.com, and the State Administration for Industry and Commerce (SAIC).

Alibaba's corporate headquarters in Hangzhou, Zhejiang province. Photo: Reuters

Shen Danyang, a spokesperson for the Ministry of Commerce, said on Thursday that the move was aimed at revamping the entire sector.

Last year, the ministry investigated more than 11,000 violations in the fast-growing e-commerce industry, and closed 3,400 websites, Shen said. The ministry would continue its campaign to build a safe and reliable market for consumers.

Online media company Sina reported on Thursday that a SAIC spokesperson denied they had received a formal complaint from Taobao.com against director Liu Hongliang, despite Taobao’s claim yesterday that they would do so.

An open letter was published on Taobao’s official Weibo account on Tuesday accusing SAIC director Liu of commissioning an “unfair” quality survey of goods sold on the platform, which resembles eBay of the US, and making public the results without giving online shop owners a chance to appeal.

Alibaba Group is due to release its quarterly earnings tonight.

via China pledges to ‘regulate and revamp’ e-commerce sector amid Alibaba row | South China Morning Post.

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