The Lion Awakes
News at a Glance
A compilation of Headlines + Brief Summary from Chinese & International Publications relating to China.
Just 5 Minutes each day to be up-to-date on the News of China
Combined with Kaixin’s boutique SITE SEARCH ENGINE, it is a unique source of knowledge about China"
China urges stronger trade links with Japan
BEIJING - China's top political advisor, Jia Qinglin, Saturday pledged to upgrade trade ties with Japan, urging greater cooperation in key areas, including energy efficiency, environmental protection and intellectual property rights.
"China and Japan are highly compatible in economic structure, and should seize favorable opportunities to lift bilateral trade cooperation to a higher level," Jia, chairman of the Chinese People's Political Consultative Conference National Committee, said.
Kaixin OpEd - It is not just China that is stirring, it is Asia throwing off the final shackles. Japan, Taiwan, South Korea, the Philippines were all ensnared in the iron chains of American Imperialism last century.
Jeez, I’m starting to sound like a Marxist.
But you gotta admit, I’m right, if a little flowery.
Think of the economic potential of all those countries forming a trade bloc with China.
That is where this century is heading.
Sticking your head in the sand while throwing rocks wont work. Besides, with your head in the sand the rocks will miss anyway.
China successfully launches satellite for TV, radio live broadcast
XICHANG, Sichuan - China successfully launched the "SinoSat-6" satellite for radio and television live broadcast at 12:14 am Sunday from the Xichang Satellite Launch Center in southwest China's Sichuan Province.
The satellite was carried on the Long March 3B rocket which took the SinoSat-6 into a geostationary transfer orbit 26 minutes after the launch.
China's top 500 outshine worldwide competitors
HEFEI - China's top 500 enterprises reported smaller revenue gaps with their US counterparts, while outperforming their worldwide competitors in profitability amid the county's rapid economic recovery, an industrial ranking report showed Saturday.
China's top 500 enterprises chalked up $4.05 trillion in operating revenues last year, equivalent to about 18 percent of the operating revenue total created by the world's top 500 companies in the same year, and the ratio was 2.62 percentage points lower than the figure recorded for the year earlier, according to a report released Saturday in Hefei, capital of east China's Anhui Province, by the China Enterprise Confederation (CEC) and China Enterprise Directors Association.
China to join int'l co-op for marine development
BEIJING - Chinese Vice Premier Li Keqiang has pledged China would work with the international community to promote the sustainable growth of the oceans.
Li made the remarks Friday when meeting with representatives to the 33rd Pacem in Maribus (Latin for Peace in the Oceans) Conference, which was held in Beijing Friday and Saturday.
Li said China would attach great importance to conservation on the marine ecosystems in the process of exploiting marine resources, and actively develop the green marine economy.
China would also improve the oceans' capability of preventing and reducing disasters, and comprehensively take part in international marine affairs, he noted.
Lenders still on a strong footing: Economists
Interest rate fluctuations to have little impact on profit margins
CHANGCHUN - Higher interest rates on bank deposits will not have much of an impact on Chinese lenders, a senior government think-tank economist said on Friday.
"Even in 2008, when the deposit rates were the highest, the impact on the banking sector was very negligible," said Wang Guogang, director of the Institute of Finance and Banking at the Chinese Academy of Social Sciences.
"Even if an adjustment is made now, it is unlikely to impact the lenders," he said.
Wang's comments follow recent reports that the central bank was considering a flexible interest rate plan to improve the credit structure and lending efficiency of banks.
Sheng Songcheng, head of the People's Bank of China's Shenyang branch, had on Tuesday suggested that the floating mechanism should be started on a trial basis in the country's northeast provinces.
The remarks were interpreted as a signal that the authorities are considering a flexible interest rate regime to replace the existing fixed rate mechanism. At the same time it also triggered concerns that such a move would reduce the profit margins of lenders.
Housing prices to decline, says BNP
SHANGHAI - Home prices will decline from this month as the government maintains its lending curbs and increases the supply of public housing, forcing property developers to cut prices to boost sales, BNP Paribas said.
"Although the government has not quantified its target, it has indicated that it wants to see a housing-price correction take place in order to meet or partly meet public expectations," Chen Xingdong and Isaac Meng, Beijing-based analysts at BNP Paribas, said in a report on Friday, without giving a forecast for how much prices may drop. "We expect a housing price correction to take place from September onwards."
Kaixin OpEd - The difference between China and the 'west', in particular America where houses were turned into tulips, is that China has been experiencing a surge in prices driven by demand based on real purchasing power.
The Government is concerned that prices are moving past the capacity of people to pay and is doing something about it.
Note the difference with America where housing floated into the stratosphere on a bubble of excess lending based on Greenspan cranking the $US printing press day and night. It was all hot air and collapsed.
See Kaixin's 'Follow the Debate - China Real Estate'
China's auto makers say no 'excess capacity'
TIANJIN - Executives from China's auto makers Sunday rejected an official warning that unchecked growth in the industry was leading to excess capacity and could harm the wider economy.
Chen Bin, an official with the National Development and Reform Commission, China's top economic planner, Saturday said excess auto capacity threatened sustainable economic development and must be "resolutely" stopped.
But industry representatives and the China Association of Automobile Manufacturers (CAAM) Sunday argued car makers were only trying to meet expected demand in the world's largest auto market.
China surges to 5th largest global investor
XIAMEN, Fujian - China bucked international trends in both outbound and inward investment, official figures have revealed.
China now ranks as the fifth largest global investor in outbound direct investment (ODI) with a total volume of $56.5 billion, compared to a ranking of 12th in 2008, the Ministry of Commerce said on Sunday.
'Tashi Delei' at Shanghai Expo
Dancers from Tibet perform wearing their traditional costumes during the opening ceremony of Tibet Culture Week at the Shanghai World Expo on Sept 1. Tibet Culture Week began from Sept 1, concluded on Sunday. During the five days, traditional Tibetan medicines, calligraphy and Tangkha paintings were exhibited, which showcased typical Tibetan culture. More than 400 Tibetan artists have performed at the Expo during week (Photo China Daily)
Dolphins: Concern for coastal habitats + VIDEO
Swimming, diving and frolicking, a number of dolphins are attracting waves of cheering from a few nearby motorboats. The dolphins are pinkish white, light or dark gray with big humps and slightly curved fins.
They are the Chinese White Dolphins, which are unique to China and a top state-protected wildlife.
Editorial - China needs powerful defence
China's anti-ship ballistic missile (ASBP), known as the "carrier killer," is close to operational, said the commander of the US Pacific Command, Admiral Robert Willard, in Tokyo recently. While US aircraft carriers appear more active in China's offshore waters, concern over China's ASBP is rising in the West.
China has never pursued a policy of confrontation with other world powers, including the US. However, it does need a strategic deterrence. In a bid to protect its own strategic interests, China should not only build its anti-ship missile capacity, but also possess a range of other carrier-destroying measures as well.
For quite some time the intelligence agencies in the US and other Western countries have conjectured over China's anti-ship missile capacity. China ought to convince the international community of its reliable carrier-killing capacity as soon as possible to end the speculation.
Such capacity is necessary for an emerging power, and it is necessary infrastructure for China's military modernization.
Since US aircraft carrier battle groups in the Pacific constitute deterrence against China's strategic interests, China has to possess the capacity to counterbalance.
CCTV - 9
News for Today
International News Sources
Kaixin OpEd - I am constantly surprised at the difference in how news about China is reported in the Chinese and the western media.
Today, there was not one serious news item in the western media that I scan daily.
There were a few of the usual items banging on in the same paranoid xenophobic way, but nothing of substance.
We can at least enjoy the mooncakes .....
WSJ - Mad about Mooncakes
Mid-Autumn Festival – this year it falls on Sept. 22 – is mooncake season and each year brings a new crop. From the traditional — lotus-seed or custard cream – to chocolate, or even durian-cream, fillings.
– Amy Ma
A selection of News and OpEd reflecting the main themes for
contemporary China starting from August 2008
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