Posts tagged ‘Xi JinPing’

04/12/2015

China’s Tech Industry Is as Male-Dominated as Silicon Valley – China Real Time Report – WSJ

When Chinese President Xi Jinping met with top U.S. and Chinese technology executives in Seattle two months ago, they posed for a now-famous group photo. But one thing was missing: women from China.

As WSJ’s Li Yuan writes in her “China Circuit” column: This defies the conventional wisdom in China that compared with Silicon Valley, China’s tech industry has less of a gender-inequality problem. True, women accounted for nine out of 30 Alibaba partners when it went public in 2014. Both Alibaba and Baidu’s chief financial officers are women. Some of China’s most prominent venture capitalists are women, too.

But the group photo attests to what is really happening behind the success stories: China’s tech industry is as male-dominated as that of Silicon Valley. And unlike the debate and discussions taking place in Silicon Valley about gender inequality, China’s tech industry has yet to acknowledge the problem. With the​tech sector becoming the brightest spot in a sluggish economy, women risk losing out in the competition for the best-paying jobs and the best opportunities to start their own businesses.

Source: China’s Tech Industry Is as Male-Dominated as Silicon Valley – China Real Time Report – WSJ

04/12/2015

Selective Equality? China Retirement Age Plan Sparks Backlash Among Women – China Real Time Report – WSJ

China’s policy makers have long accepted the need for workers to delay retirement to ease social and fiscal pressures from a rapidly aging population. Few, however, could agree on how to do it.

This week, state-backed researchers fueled fresh debate on the issue with a new proposal on how to coax more productive years out of China’s silver-haired generation. They called for gradually extending the country’s statutory retirement thresholds over the next three decades, culminating in a flat retirement age of 65 years. But their plan is proving unpopular. It is particularly striking a nerve among some women, who in China can retire between five and ten years earlier than men. The statutory retirement age for men is set at 60 years.

On social media, many female users mocked what they perceived as selective pursuit of gender equality. “In 2045, would there be equal pay between men and women? Would men be able to give birth?” a user, who identified as female, wrote on the popular Weibo microblogging service. “Chinese society, in reality, is rife with gender inequality; why bring about gender equality in retirement age?” another user wrote.

In an online survey, the state-run China National Radio found nearly 80% of respondents objected to setting a flat retirement age for men and women. “Delaying retirement is understandable, but setting the same retirement age for men and women isn’t compatible with our country’s conditions,” CNR quoted a Weibo user as saying. “Men would only have to work five more years, while women would have to work ten years longer. And women still have to face family pressures, so it’s clearly unsuitable.”

The proposal from the Chinese Academy of Social Sciences comes amid a longstanding debate in government and academic circles on how to implement a much-needed but deeply unpopular policy. Beijing has said it will gradually raise retirement thresholds starting in 2022, though the policy would only be finalized in 2017. Under rules unchanged since the 1950s, China allows most female workers to retire when they turn 50, while women in public-sector jobs can do so at 55 years of age. To change this, the CASS researchers proposed that the government could in 2017 set a flat retirement age for women at 55 years, eliminating the distinction between private and public-sector workers. Authorities could begin extending retirement thresholds—for men and women—at a fixed pace, starting in 2018.

CASS researchers suggest adding a year to the female retirement age every three years, while doing so for men every six years. Beijing could also allow flexibility for workers to bring forward or delay their retirement by up to five years, on the condition that their pension payouts would be adjusted accordingly, CASS said.

Source: Selective Equality? China Retirement Age Plan Sparks Backlash Among Women – China Real Time Report – WSJ

01/12/2015

Boost for China as it joins IMF elite – FT.com

The IMF on Monday gave a major vote of confidence to China and its reform efforts, giving the renminbi greater weighting than the yen or pound as it included the currency in its elite basket of reserve currencies.

Chinese one-hundred yuan banknotes are stacked for a photograph at the Korea Exchange Bank headquarters in Seoul, South Korea, on Thursday, Feb. 27, 2014. Photographer: SeongJoon Cho/Bloomberg

The vote by the board to make the renminbi the fifth currency in the basket used to value the IMF’s own de facto currency followed months of deliberation at the fund and years of lobbying by a Beijing eager for the recognition.

“The Rmb’s elevation to the club of elite global reserve currencies is a big step for China and a significant one for the international monetary system,” said Eswar Prasad, professor of economics at Cornell University and a former IMF China mission chief.

The renminbi will become the third biggest currency in the “special drawing rights” basket when it takes effect on October 1. The move is largely symbolic but Christine Lagarde, IMF managing director, called it a “milestone” in China’s economic reform “journey” and its integration into the global financial system.

Following the move the currency slipped 0.19 per cent to Rmb6.4374 against the dollar in offshore trading in Hong Kong.

The People’s Bank of China set its daily “fix” — the onshore rate around which the currency can trade 2 per cent either side — at Rmb6.3973 per dollar, its fourth consecutive slightly weaker rate.

Investors generally expect China to allow its currency to weaken gradually but few see much likelihood of a repeat of its 3 per cent August devaluation, which sent shockwaves through global markets.

Source: Boost for China as it joins IMF elite – FT.com

24/11/2015

The elephants fight back | The Economist

FOR anybody who fears that China’s interest in elephants’ tusks could spell doom for the great beasts, there have been two pieces of good news.


On September 25th Xi Jinping, the Chinese president, joined Barack Obama in pledging “significant and timely steps” to halt commercial trade in ivory. Then on October 15th China announced a one-year ban on the import of ivory hunting trophies from Africa, closing a big loophole. Wildlife activists are delighted. These moves should have “a profound effect” on elephant numbers, says Peter Knights of WildAid, a charity.

The world’s elephant population has dived from 1.2m in 1980 to under 500,000 today. In 1989 the sale of ivory was banned worldwide. But in 1999 and again in 2008, the Convention on International Trade in Endangered Species (CITES), a conservation pact, allowed the sale of stockpiles of ivory from southern Africa to China. The countries vowed to use the proceeds for conservation; China claimed it had a robust registration system that would keep illegal ivory out. But conservationists rightly predicted the concession would fuel more smuggling and so more killing.

Permitted sales became a cover for illegal ones. In 2010-12 about 100,000 elephants were slain for their tusks. In the past five years, Mozambique and Tanzania have lost half their elephants to poaching.

This dire trend reflects China’s deeper engagement with Africa, combined with corruption and the presence of criminal gangs. But it seems that Chinese leaders have seen the trade’s effects on their reputation, says Dominic Dyer of the Born Free Foundation, a charity. They should now close the legal carving workshops and ban the domestic trade, too, he adds.

Despite strong demand for ivory among China’s rising middle class, attitudes may gradually be changing. As of 2012, nearly half of Chinese people saw elephant poaching as a problem, according to a survey by WildAid. The figure has been boosted by the support of celebrities. Yao Ming, a basketball player, and Jackie Chan, an actor, appear on posters everywhere with the message: “When the buying stops, the killing can too.” The government has donated $200m worth of media space every year since 2008.

Opinion on ivory has shifted fast, says Mr Knights, partly because of the success of another campaign, to protect sharks. In the markets of Guangzhou, the global centre for the trade, dried shark fins have fallen from 3,000 yuan ($470) per kilo five years ago to 1,000 yuan today, as Chinese people abjure shark-fin soup, a delicacy.

WildAid raised its voice over that issue, too, but more important was the Communist Party’s ban in 2013 of shark-fin soup at official banquets, part of a drive against corruption and excess. The Hong Kong government followed, as did airlines and hotels. A survey in 2013 found 85% of people said they had stopped eating shark-fin soup in the past three years.

One scourge is untouched by all this: the illegal trade in rhinoceros horn. More than 1,200 rhinos were killed for their horns in 2014 in South Africa alone, up from just 13 killed in 2007. This partly reflects a huge rise in demand in Vietnam, but China is also a consumer. Ground rhino horn is believed to cure fever and improve sexual performance. One kilo can cost up to $70,000.

Ominously, some African nations now want a one-off sale of rhino-horn stocks, as happened twice with ivory. To secure this, South Africa must win two-thirds of the member states at the next CITES conference, which it hosts next year. Mr Dyer hopes other countries, including China, will dissuade the Africans. “We are in exactly the same place we were with ivory nearly ten years ago,” he frets.

Source: The elephants fight back | The Economist

17/11/2015

The north star | The Economist

ASKED what they think of Lu Hao, their governor, residents of Harbin, capital of the north-eastern province of Heilongjiang, often reply with the word xiaozi. This roughly translates as “young whippersnapper”.

Mr Lu’s youthfulness is indeed striking. Born in 1967, he is the youngest of China’s current provincial governors. He was also the youngest to hold most of his previous positions. Those include factory boss at a large state-owned enterprise, deputy mayor of Beijing and leader of the Communist Youth League, an important training ground for many a national leader.

China’s system of political succession produces occasional surprises, such as the purge three years ago of another provincial leader, Bo Xilai, on the eve of what appeared to be his likely elevation to the pinnacle of power, the Politburo Standing Committee, alongside Xi Jinping, who is now president. But at least since the Communist Party began institutionalising succession arrangements in the 1990s, high-flyers have often been easy to spot. Mr Lu is one of them.

His stint at the youth league was of greatest portent. The organisation is something like an American fraternity club (without the misbehaviour)—its members form close ties which are often maintained in their later careers. Its leaders have a tendency to move into high national office. Hu Yaobang, a party chief in the 1980s, grew to prominence in the league, as did Hu Jintao, Mr Xi’s predecessor. Li Keqiang, the current prime minister, is also an ex-head of the league. Mr Lu’s stint in that role from 2008-13 made him an obvious rising star. His subsequent promotion to a provincial governorship confirmed this impression.

Youth is on his side. The next rung on the ladder to the top may be induction into the 25-member Politburo, possibly as early as 2017. But it will not be until around the time of the party’s 20th congress in 2022—a year after its 100th birthday—that Mr Xi will retire and Mr Lu will have a chance to shine, likely as one of the (now seven) members of the Standing Committee. He will then be 55, a year older than Mr Xi was when he joined the body in 2007. That would give Mr Lu a good few years at the top: Standing Committee members are expected to retire around 70. He would be a member of what party officials already call the “sixth generation” of Communist leaders (the first having been led by Mao Zedong, Mr Xi representing the fifth).

There are several other likely members of the upcoming generation. They include Hu Chunhua, Mr Lu’s predecessor as head of the youth league who is now the party boss of the southern province of Guangdong; and Sun Zhengcai, the party chief of Chongqing, a south-western region. One rising star has already fallen, however. Su Shulin was thought to have bright prospects until he was removed as governor of coastal Fujian province after being snared in a corruption investigation in October.

China’s media often drop hints of who to watch. Mr Lu’s appointment as Heilongjiang’s governor (a few months after he became the youngest full member of the party’s 370-strong Central Committee) was accompanied by a flurry of celebratory articles in the party’s main mouthpiece, the People’s Daily, and other newspapers. They emphasised Mr Lu’s youth, impeccable work ethic and solid record of excellent performance in his previous jobs.

Source: The north star | The Economist

07/11/2015

China-Taiwan Summit a Success for Singapore – China Real Time Report – WSJ

The choice of Singapore as the venue for Saturday’s historic meeting between the Chinese and Taiwanese presidents is a diplomatic coup for the famously neutral city-state.

The meeting is the first between China’s President Xi Jinping and Taiwan’s President Ma Ying-jeou, and the first time leaders from both sides have met since Taiwan and China split in 1949.

The decision to hold the summit in Singapore shows it maintains its reputation as a rare neutral ground in a region where tensions are rising, even after the death in March of the city-state’s widely-respected former leader, Lee Kuan Yew.

Mr. Ma said this week the summit is the product of years of diplomacy between the two sides, and that Singapore was chosen for its impartiality.

Singapore’s selection as host “further highlights Singapore’s role in international politics,” said Huang Jing, professor of U.S.-China relations and director of the Centre on Asia and Globalisation at the National University of Singapore. The meeting “gives Singapore a status that no other country except Singapore can match up to,” he said, adding that the city-state’s relations with both sides will likely improve as a result.

Mr. Lee, Singapore’s first and longest-serving prime minister, earned the admiration of many national leaders, such as Britain’s Margaret Thatcher and Ronald Reagan in the U.S., during his 31-year tenure in the top job. Many foreign leaders, including U.S. President Barack Obama, sought meetings with Mr. Lee to discuss international relations, both before and after he stepped down.

His son, Lee Hsien Loong, now heads a government that is keen to maintain Singapore’s regional relations. The younger Mr. Lee, although viewed as a competent and respected leader, has not inherited his father’s reputation for straight-talking, no-nonsense politics, and doesn’t yet have the leadership experience that drew his predecessor favor with other politicians in Asia.

Still, the younger Mr. Lee has worked to maintain diplomatic and economic relations with Singapore’s neighbors, sharing his father’s view that a small, multi-ethnic island surrounded by much larger countries is best served by fostering strong relationships, rather than by taking sides. It’s a position that is rare in a region brimming with diplomatic tension, as shown by current disputes such as the conflicting territorial claims in the South China Sea.

Singapore, which Chinese ethnic majority and large Indian and Malay populations, is frequently chosen as a diplomatic hub, hosting Asia-Pacific Economic Cooperation meetings and other summits. It is also the annual venue for the Shangri-La Dialogue, a high-profile international security conference.

The Shangri-La Hotel, close to the city’s central shopping district, was the venue of choice for Saturday’s meeting between Messrs. Xi and Ma. The National University of Singapore’s Mr. Huang said that allowed the Singapore government to maintain its policy on China-Taiwan relations by avoiding hosting the meeting in a government facility.

The city-state maintains a “one-China” policy on cross-strait issues, officially recognizing only Beijing as China’s capital. Lee Kuan Yew broke Singapore’s relations with Taiwan in 1990 to open them with China, although relations with both sides today are close. He also helped ease decades of tension between the two nations. In 1993, shortly after Mr. Lee stepped down from his post as prime minister to take an advisory role, Singapore hosted the first talks between representatives of China and Taiwan since the two sides clashed.

Source: China-Taiwan Summit a Success for Singapore – China Real Time Report – WSJ

04/11/2015

Are Chinese ‘Too Rational’ for a Second Child? Interview With Mei Fong – China Real Time Report – WSJ

China’s announcement last week that it will let all couples have two children ended one of the most contentious birth restrictions in history–the one-child policy.

Implemented in 1980 to rein in explosive population growth during the Mao Zedong era, the one-child policy and its enforcement had myriad consequences, including forced abortions and sterilization. It placed the burden of elderly care on single children and fueled a gender imbalance. Some researchers also say a new generation of only children – or “little emperors” — are more pessimistic and less competitive than older generations with siblings. Now, the Chinese government is shifting course to offset the effects of a rapidly aging population and to avert labor shortages.

China Real Time spoke to Mei Fong, author of the book “One Child: The Past and Future of China’s Most Radical Experiment” and a former Wall Street Journal reporter, about the one-child policy and the unwinding of it. The book will be published in hardcover in January, but a digital edition was released Tuesday, Nov. 3. Below are edited excerpts of the interview: Mei Fong

Many couples say that despite changes in the policy, they will not have two children. What can the government do to promote births?

There was a recent Internet survey [on Chinese website Sina of 180,000 respondents who were asked if they wanted a second child] saying that 43% of people don’t want children. But there’s a difference of what people say and what they will do. A lot of people ideally want to have two so that they can have both a boy and a girl. The problem is that the one-child policy wasn’t the sole reason people weren’t and aren’t having children. For urban residents, the idea of having just one has been ingrained in them. It’s a social and economic decision and it would take a major mind shift to think of anything else.

People consider it almost it irresponsible to divert resources from any child.

One of the things that demographer Cai Yong said that has always stuck in my mind is that people are too rational for the business of having children.

Who are the likely candidates to have more children?

It’s the rich ones who will add a child. Wealthy people have been traveling to the U.S. for fertility services and U.S. passports , though it’s unclear how many. I know of one couple in Shanghai who had three children by going to the U.S. Houghton Mifflin Harcourt

But it’s hard to make generalities about China. It’s a big place and we all know someone who has had a second child or third child.

Will that mean that a two-child policy will create a bigger upper class? And what will be the consequence? One of the things that the one-child policy has created already is an inequality gap. The spectrum hit the middle class, because the people above the middle class can afford to pay for it, while the ones below were often exempt. The one-child policy is adding to the class-struggle issues. It’s the rich people who have and will have bigger families. They’re the ones that can afford fertility treatment, because fertility is a major problem. They could always afford to pay the penalties [for having more than one child].

Several years ago, there was a study that said China’s single children, its little emperors,  were less competitive and less empathetic than those with siblings. Do you see that changing? I have some doubts about that because there have been many different studies on this. But certainly, they do seem to give themselves more pessimistic labeling, like diao si [roughly translated as loser], than others.

Source: Are Chinese ‘Too Rational’ for a Second Child? Interview With Mei Fong – China Real Time Report – WSJ

04/11/2015

Prepare for Takeoff: China Rolls Out First Large Passenger Jet – China Real Time Report – WSJ

China’s first large passenger jet rolled off the assembly line on Monday after years of delays, bringing Beijing’s dream of developing a rival to Boeing Co. and Airbus Group SE closer to reality.

As WSJ’s Chun Han Wong reports: Still, the single-aisle C919 airliner won’t be delivered to airlines for at least another three years, highlighting the difficulties

China has faced in becoming a global player in aviation. Developed by the state-run Commercial Aircraft Corp. of China Ltd. (Comac), the twin-engine jet was initially set for its first flight in 2014, ahead of commercial deliveries starting in 2016. Production setbacks forced Comac to extend its deadlines repeatedly. Company executives say flight testing should start next year, with deliveries expected in 2018 or 2019 at the earliest.

Thousands of guests, including government officials and aerospace executives, witnessed the C919’s rollout at an assembly plant near Shanghai’s Pudong International Airport, according to Chinese state media.

Source: Prepare for Takeoff: China Rolls Out First Large Passenger Jet – China Real Time Report – WSJ

01/11/2015

Japan, China and South Korea ‘restore’ fraught ties – BBC News

The leaders of Japan, China and South Korea say they have “completely restored” trade and security ties, at their first meeting in three years.

Japanese Prime Minister Shinzo Abe, South Korean President Park Geun-hye and Chinese Premier Li Keqiang meet for trilateral meeting in Seoul - 1 November

They said in a statement they had agreed to resume regular trilateral meetings, not held since 2012. They also agreed more economic co-operation.

The talks in the South Korean capital Seoul were an attempt to ease ill-feeling fuelled by territorial disputes and historical disagreements. China and South Korea say Japan has not done enough to atone for its troops’ brutality in World War Two.

The BBC’s Stephen Evans in Seoul says the real significance of the talks is that they happened. They were held regularly until three-and-a-half years ago, when they were called off as bad feeling towards Japan intensified. “We shared the view that trilateral cooperation has been completely restored on the occasion of this summit,” South Korean President Park Geun-hye, Chinese Premier Li Keqiang and Japanese Prime Minister Shinzo Abe said in a joint statement, quoted by AFP.

Ms Park said the three leaders had agreed to work together to conclude the Regional Comprehensive Economic Partnership (RCEP), a 16-nation free trade area favoured by Beijing. She said they maintained their goal of “denuclearising” North Korea, AFP reported.

Our correspondent says that South Korea and Japan are torn between their allegiance to the US and their need to get on economically with Beijing. Mr Li met Ms Park on Saturday and the two agreed to try to increase trade, particularly through more Korean exports of food to China and co-operation on research into robotics. The two leaders were joined by Mr Abe on Sunday.

Source: Japan, China and South Korea ‘restore’ fraught ties – BBC News

21/10/2015

Time to end China’s one-child policy urgently: government advisers warn of demographic crisis ahead | South China Morning Post

Government advisers have strengthened calls for China to further ease its stringent one-child policy urgently, ahead of a meeting this month during which the Communist Party’s decision-making body will set the tone for national economic and social development for the next five years.

Newborns receive vaccines in a hospital in China. Photo: Reuters

In a report recently submitted to the authorities, China’s top think tanks urged Beijing to immediately relax restrictions on the number of children couples are allowed to have, according to an academic with knowledge of the matter.

The report was based on a survey jointly conducted by several institutes including the Chinese Academy of Social Sciences, Renmin University and a think tank under the national family planning office, said the academic, who did not want to be named.

“There is already a consensus among China’s demographers that the limits should be relaxed,” said Wang Feng, a demographer with the University of California, Irvine, and a guest professor at Fudan University. “It’s … already too late to be doing so.”

While the survey’s contents were not made public, an earlier report by the China Business Network, a consultancy group, said it included predictions of the population trend and when it would peak. The survey had been commissioned by the decision-making authorities, highlighting the likelihood of a revision in the policy, the group said.

Source: Time to end China’s one-child policy urgently: government advisers warn of demographic crisis ahead | South China Morning Post

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