Senior defense officials from China and India vowed to enhance the strategic mutual trust and pragmatic cooperation and other weekly roundups from China
Senior defense officials from China and India vowed on November 8 to enhance the strategic mutual trust and pragmatic cooperation between the two nations. At the 8th meeting of China-India Defense and Security Consultation, Sun Jianguo, deputy chief of the Joint Staff Department of China's Central Military Commission, said China and India share broad common interests on international and regional affairs. The annual dialogue is co-chaired by Sun and Indian Defense Secretary Shri G Mohan Kumar. Sun said that the Chinese military is willing to join hands with India army to maintain the exchanges on border defense, improve the mechanism of communication and strengthen border management and control so as to safeguard peace and stability in their border areas. For his part, Kumar said the exchanges of visits and interactions between Chinese and Indian leaders have promoted the India-China strategic partnership of cooperation, which has also contributed to the common prosperity of the two countries as well as the world peace and development.
Source: Global Times
Ukraine is willing to join the "16+1" mechanism, a platform created by China and 16 Central and Eastern European countries, to start a comprehensive cooperation with China under the Silk Road Initiative, a senior Ukrainian parliament official announced on November 7. "It is very important for Ukraine to join the "16+1" format and become a full member of the Silk Road project," Iryna Gerashchenko, First Vice Speaker of the Ukrainian parliament, said during the 2016 Ukraine Silk Road Forum in Kiev. To assist the accession process, a special "group of friends of China", uniting more than half of Ukrainian lawmakers, was created in the Ukrainian parliament, Gerashchenko said. Meanwhile, Ukraine's Deputy Prime Minister Gennady Zubko said, "The Silk Road is an investment artery that connects Central Asia, the largest producer of goods, with the rest of the world. Ukraine is the first European country on this path, and we must fully take the advantage of this position," Zubko said. Ukraine, which plans to launch a regular cargo train service to China next year, has already established a railway link with the countries of Northern Europe and is holding talks with several Central European countries over an establishment of freight train connection, he added.
Source: Global Times
China's top legislature on November 7 approved a China-Tajikistan extradition treaty and a criminal judicial assistance treaty between China and Sri Lanka. The two treaties were reached after friendly negotiations and they accord with the basic principles of Chinese law, China's interests and actual needs, according to a statement from the National People's Congress (NPC) Standing Committee. The extradition treaty is aimed to improve extradition cooperation between China and Tajikistan and crack down on transnational crime, said Vice Foreign Minister Liu Zhenmin while making an explanation to the NPC Standing Committee. Exchanges between China and Sri Lanka in personnel, trade, culture and tourism have become closer in recent years, and cooperation in judicial assistance needs to be strengthened, Liu said.
Source: Global Times
China will set up a new anti-graft body to consolidate separate state agencies and oversee all public servants in the latest move to combat deep-rooted corruption in the country. Beijing and the provinces of Shanxi and Zhejiang will set up new supervision commissions as pilot programmes, according to a statement from the general offices of the Communist Party of China (CPC) Central Committee. The commissions will later be implemented nationwide, according to the statement. The new body will be technically independent of the executive branch. The ultimate goal is to build a state anti-corruption organ under the Communist Party’s leadership that will integrate separate anti-graft government forces and covers all public servants, the report said. Members of the three provincial-level anti-corruption bodies, or supervision commissions, will be appointed by provincial legislatures. The reform will position the commissions technically parallel to the provincial government, provincial courts and provincial prosecutors’ office.
Source: South China Morning Post
The Central Committee of the Communist Party of China (CPC) has released guidelines for the election of delegates to the Party's 19th National Congress, marking the beginning of the election process. A total of 2,300 delegates will be elected by 40 electoral units across the country. The election will be completed by June next year, according to a statement from the CPC Central Committee. The statement said there should be 15 percent more candidates than the number of available posts. Delegates to the 19th National Congress of the CPC should be excellent Party members, the statement said, adding that candidates' beliefs, political integrity and moral qualities were the most important qualities of candidates. Moreover, during the election process intra-Party democracy and discipline should be priorities, according to the statement, adding that the delegate structure should be improved and the election procedure standardized.
Source: China Daily
Beijing has sent Tibetan “Living Buddhas” to historic sites of the Communist Party, including the hometown of late leader Mao Zedong, for patriotic education sessions, according to Chinese media reports. Some 20 living Buddhas took part in the sessions, in which they vowed allegiance to the central government, according to Tibet.cn, the region’s major news portal, on November 5. “I feel that our country is wealthy and powerful. It’s a socialist new China built by numerous martyrs,” said living Buddha Jedrung from Chamdo of the one-week session. The session, which ended on October 28, took the Tibetan holy men to Jinggangshan in Jiangxi province, where the Communist Party once set up its own military base, and Shaoshan county, Mao’s hometown. The living Buddhas were also shown around a defence technology academy, to see “the latest development of the country in defence, industry and economy”, the report said. There are more than 1,000 living Tibetan Buddhas on the mainland, according to Beijing’s official database, which was launched in January.
Source: South China Morning Post
China reported higher inflation last month as food prices rose ahead of the winter and producer prices jumped on a coal price rally, dampening expectations that the central bank might increase money supply to boost growth. The consumer price index rose 2.1 per cent year on year in October, up from 1.9 per cent a month earlier, the National Bureau of Statistics reported. Food prices, up 3.7 per cent, were the main factor behind the rise, with vegetable prices increasing 13 per cent and pork prices 4.8 per cent. While consumer inflation is still within the government target of 3 per cent for this year, a rapid price rise in pork and industrial inputs, such as coal, can increase inflationary pressure for monetary tightening.
Source: South China Morning Post
Finance Minister Lou Jiwei, who has been struggling in recent years to tackle the country’s huge debt problems, is stepping down as he approaches retirement age. He will be replaced by Xiao Jie, a former tax bureau chief who has previously suggested that the government has room to raise personal taxes. The announcement was made by the Standing Committee of the National People’s Congress (NPC). Xiao, 59, a deputy secretary general in the State Council, worked for more than two decades in the finance ministry. He also headed the tax administration for six years. After US magazine Forbes listed China as the world’s second-harshest tax regime in a “tax misery” survey in 2009, Xiao, then tax chief, published a long article arguing that China’s overall tax burden was not high and had room to expand. Xiao is taking over a position with a crucial role in guiding the future of the Chinese – and arguably the global – economy.
Source: South China Morning Post
Semiconductor Manufacturing International Corp (SMIC), mainland China’s largest contract chip maker, is looking to attain record-high earnings for this year after its quarterly net profit exceeded US$100 million for the first time in the three months to September 30. The Shanghai-based company said on November 8 that it was also ratcheting up expansion of production capacity across its Chinese fabrication plants and at LFoundry, its recently acquired contract integrated circuit manufacturer headquartered in Italy, to meet fast-growing demand.Listed in both Hong Kong and New York, SMIC late on Monday reported a 37.4 per cent jump in third-quarter net profit to a record US$113.56 million, up from US$82.63 million in the same period last year.
Source: South China Morning Post
On November 4, 2016, China Mobile Shanghai Branch and Huawei jointly deployed the world's first wideband Massive MIMO site. This is another key milestone delivered after the world's first Massive MIMO solution was launched in Shanghai in September 2015. An achievement marking a great leap forward for large-scale commercial Massive MIMO technology and the beginning of a planned series of events outlined in the timetable for 5G large-bandwidth evolution. This solution has significantly improved single site capability in the 4G era indicated by a 5-fold increase, achieving 5-6 Giga capability of a single site.
Source: Light Reading
Song Wei, “Xi as core is key to Chinese Dream”, China Daily, November 8, 2016
Alex Frangos and Nathaneil Taplin, “Trump and China: America’s Most Important Economic Relationship Just Got Very Complicated”, The Wall Street Journal, November 9, 2016
Jabin T Jacob, “It Is Time for India to Stop Blaming China for Blocking Its NSG Bid”, The Wire, November 8, 2016
Wendy Wu, “Is China ready to make the great leap forward to set global trade rules?”, South China Morning Post, November 7, 2016
Paul Mozur, “China’s Internet Controls Will Get Stricter, to Dismay of Foreign Business”, The New York Times, November 7, 2016
Eileen Yu, “Deciphering China's Role as Global Tech Innovation Hub”, Exchange Wire, November 9, 2016
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