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Showing posts with label President Xi Jinping. Show all posts
Showing posts with label President Xi Jinping. Show all posts

Sunday 6 November 2016

Malaysia-China ties to a new high

Malaysian PM Najib given official welcome at China's Great Hall of the People

https://youtu.be/v87tJF3uO7U
 

Prime Minister Datuk Seri Najib Razak and China's Premier Li Keqiang inspect honour guards during a welcoming ceremony at the Great Hall of the People, in Beijing, China, November 1, 2016. Reuters

BEIJING, China: Prime Minister Datuk Seri Najib Razak said his current visit to China will propel bilateral ties between the two nations to a new high.

"We have said that bilateral relations are at a historic high. I can say that with confidence.

"But more so, this visit will being it to a new high because the comprehensive nature of our strategic partnership has now been translated into meaningful action," he said in his opening remarks at the bilateral meeting between Malaysia and China at the Great Hall of the People here.

Najib also thanked his counterpart Li Keqiang, seated across from him, for the warm welcome given to the Malaysian delegation.

"It's warm in the room, but outside it's a little cold," Li replied in jest. The weather in Beijing is currently chilly as winter approaches, with a high today of 11.7 degrees Celsius and an overnight low of - 2.2 degrees.

Najib was given earlier given an official welcoming ceremony at the Great Hall of the People here.

Najib, who is on a six-day official visit, was welcomed on arrival by China prime minister Li Keqiang. Also present were ministers and government officials accompanying the prime minister's delegation.

The national anthems of both countries were played, followed by Najib's inspection of the guard accompanied by Li. The Malaysian prime minister was also given a 19-gun salute.

Earlier, Najib had attended the Malaysia-China Business Forum, titled "Strengthening Cooperation, Building Opportunities". The luncheon was attended by more than 400 Chinese and Malaysian businessmen. - New Straits Times

Xi vows to cement all-round strategic partnership with Malaysia


Chinese President Xi Jinping (R) meets with Malaysian Prime Minister Najib Razak in Beijing, capital of China, Nov. 3, 2016. (Xinhua/Li Xueren)

Chinese President Xi Jinping met with Malaysian Prime Minister Najib Razak in Beijing on Thursday, pledging to boost cooperation with the country in diverse areas and cement their all-round strategic partnership.

Xi hailed the progress of relations since diplomatic ties were established 42 years ago, citing mutual respect, trust, win-win cooperation and close communications.

He urged both countries to maintain frequent high-level exchanges, deepen political trust, keep to the right direction of bilateral relations and continue to support each other on issues related to each other's major concerns.

Xi called on the two sides to combine their development strategies, and to lay a solid foundation for stronger trade cooperation.

China welcomes Malaysia's participation in the Belt and Road Initiative, and is ready to work with the country to increase cooperation in areas such as infrastructure, energy, technology, agriculture and finance, he said.

Xi also urged stronger bilateral cooperation in education, culture, health, media, and in fighting terrorism and cross-border crime.

Najib congratulated the successful convening of the sixth plenary session of the 18th Communist Party of China Central Committee last week, and praised China's economic and social development.

It is proven in practice that socialism with Chinese characteristics is a correct choice for China, he said.

Calling the two countries friendly neighbors and trustworthy friends, he said Malaysia-China ties are currently at their highest level.

Malaysia is glad to see China's Belt and Road Initiative get a warm response, he said, vowing to facilitate the cooperation in trade, transportation, and port construction, with China under the Belt and Road framework.

Malaysia is committed to boosting ASEAN-China relations, he added.

Najib is on an official visit to China from Oct. 31 to Nov. 5. Xinhua

Najib’s visit reveals feeble US rebalance


Malaysia has agreed to buy four Chinese naval vessels that operate close to shore, after the country's Prime Minister Najib Razak met with Chinese Premier Li Keqiang early this week. Malaysia usually purchased military equipment from the US and the latest move marks its first significant defense deal with China. Some have called it a "new milestone." The two sides signed 14 agreements worth 231.8 billion yuan ($34.28 billion) on Wednesday, and Najib called it a "historic achievement."

Commentaries speculating that Najib is becoming the "second Duterte" in Southeast Asia and that Malaysia is "another Asian domino falling toward Beijing" have run wild in mainstream Western media. The New York Times contended that "American efforts to contain Chinese ambitions in the South China Sea depend on a ring of allies, but the region's united front may be crumbling."

Najib said in a Chinese media outlet recently that former colonial powers should not "lecture countries they once exploited on how to conduct their own internal affairs today." The tensions between Malaysia and the US brewed by Washington's interference in Malaysia's internal affairs are similar to those between the US and the Philippines caused by the former's accusation against Duterte's human rights abuses during its anti-drug campaign.

The US' sense of superiority in politics and morality often makes it point its fingers at developing countries. In 1993, it forcefully inspected a Chinese freighter suspected by its intelligence service of carrying weapons and ended up finding nothing. It launched attacks on Iraq over its alleged ownership of weapons of mass destruction, but faced the same fate.

Chinese people don't think that Kuala Lumpur is leaning toward Beijing. China and Malaysia are developing their ties steadily. China has been Malaysia's biggest trading partner and replaced the US to become its largest investor in 2015. The two have minor territorial disputes but have managed them well. China's relations with neighboring countries ought to be like this.

Friendly ties between China and Malaysia do not exclude a third party. Defense cooperation, which displays a higher level of strategic mutual trust, should not be labeled as "a turning point for the region."

The fears of US and Western opinion reveals that the US rebalance to the Asia-Pacific is eyeing unrealistic goals, which are to form an alliance system in the West Pacific that includes most countries so as to contain China. The West views China as an expansionist imperial state like Japan used to be in the past, and requires regional countries to be "loyal" to Washington.

The rebalancing strategy does not hold water. China has never thought of military expansion as Japan did. It cherishes peace and stability like all regional stakeholders. China is sincere in tackling territorial disputes through peaceful negotiations. A "nightmare" in the South China Sea is nothing but an illusion created by the US and Japan.

Washington should reflect upon itself. It is an external country and its presence in the region should contribute to peace and stability. It will not stay long if it keeps driving a wedge between regional countries. - Global Times

Thursday 27 October 2016

China needs strong core leadership: media survey


‘Transitional period demands strong administration’

Chinese people believe that a strong central leadership is indispensable for the rise of the country, and highly anticipate further confirmation of the role of the core leadership by President Xi Jinping during this period of historic significance, according to a poll recently released by a magazine affiliated with the People's Daily.

The survey, conducted by the People's Tribune, a magazine affiliated with the newspaper, through questionnaires, face-to-face and telephone interviews, as well as online polls between April 15 and September 8, interviewed 15,596 people living in cities and rural areas. The survey results were released earlier this month.

The main findings were that a strong central leadership as well as a pioneering figure is especially critical for a rising world power, and that as president and general secretary of the Communist Party of China (CPC) Central Committee, Xi, with full leadership qualities, is supported whole-heartedly by a wide range of officials and people.

To the question of why a country in a transitional period needs a strong central leadership, most respondents strongly agreed that it is vital to safeguard a country's sovereignty and national security, putting the approval rate at 4.50, on a 5-point scale from disagree to complete approval, the survey found. This is followed by the number of respondents who think that core leadership is as important to "guide the nation toward a lofty goal" or that it was "particularly important for a populous and multi-ethnic country."

This year, the necessity for strong leadership has been a theme expounded by many media organizations.

The Guangming Daily on October 9 published a commentary by Fan Dezhi, a senior official at the Party History Research Center of the CPC Central Committee, which asserted that "A strong core leadership is needed more than ever before to achieve the great dream of the renewal of the Chinese nation."

To promote the core leadership of the Party, the priority is to "conform with the CPC Central Committee, with General Secretary Xi Jinping as well as with the Party's theories, guidelines, principles and policies," read a commentary in the Qiushi Journal in March, the flagship magazine of the CPC Central Committee.

Social and political stability, which can be realized by a potent government backed by public support, is the prerequisite for a smooth transition and reform of any country, said Zhi Zhenfeng, a legal expert at the Chinese Academy of Social Sciences.

"Both the rise of great Western powers and the rapid development of developing countries needed a strong core leadership and powerful government," Zhuang Deshui, deputy director of the Research Center for Government Integrity-Building at Peking University, told the Global Times.

Zhuang cited the examples of Otto von Bismarck who unified Germany in the 19th century and the strong Japanese government that carried out Meiji Restoration to bring about its modernization and Westernization.

China should unwaveringly uphold the CPC's leadership if it hopes to realize a stable and sustainable development, Zhang Dejiang, chairman of the National People's Congress Standing Committee, said in March, adding that everyone should conform to the ideology and actions of the CPC Central Committee with Xi as general secretary.

"Since China faces complicated situations in different areas, coupled with a huge population, only a strong core leadership is able to coordinate the interests of different groups while taking full account of the majority of its nationals," Zhuang noted.

Zhi said a lack of consciousness of "the core" has made a few local officials and Party members fail to follow or strictly implement the policies issued by the CPC Central Committee.

Charismatic leadership

The People's Tribune poll found that the Chinese people are drawn to the charisma of Xi. The survey found that most respondents believe that Xi has leadership qualities, namely "strategic willpower with full confidence," "bravery to tackle problems head-on" and "intelligence to cure both the symptoms and root causes of problems." The list is rounded out by "top-level design with wisdom and philosophy" and "personal charisma to set an example for others."

When asked which trait is essential for a core leadership to give full play in reality, 79.13 percent of those surveyed said a "leader of integrity and ability."

In addition, the poll results showed that people from all walks of life highly anticipate the further confirmation of Xi's role as the core of the leadership.

Without releasing the specific data, the survey found that most respondents believe that officials that lacked "the consciousness of the core" would go astray and lose their sense of responsibility or discipline.

"Only by establishing authority in the CPC Central Committee can the Party and the nation be forceful. In this sense, firmly espousing Xi as the core is a matter of direction, principle and realistic needs," the magazine quoted anonymous officials who participated in the poll.

Therefore, we should further strengthen the consciousness of the core in the Party and across the country, improve intra-Party political life and the leadership system of the Party and the State, and further confirm Xi's core role in the critical rise of China, said the survey report. - Global Times.

Xi as core long affirmed by public opinion

All Chinese know clearly that the Xi’s leadership has played a critical role in the changes in China in the past four years and the significance of the word “core” being written into the Party document. The sixth plenum is themed on strict Party governance

The Express Tribune 
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Sunday 11 September 2016

US media wanted 'special privileges'

President Barack Obama disembarked from Air Force One in Hangzhou, China, on Saturday. Photo: JONATHAN ERNST/REUTERS

https://youtu.be/f6AmvKBrJaQ

The United States' "obsession with special privileges" lies behind several US media organization's accusation that China treated US reporters rudely during the G20 Leaders Summit in Hangzhou, sources said.

The sources, who are close to the matter, responded on condition of anonymity to news reports and opinion pieces in some US newspapers that accused China of failing to meet the US media demands.

They faulted China first with not allowing some US reporters to be close to President Barack Obama as he got off Air Force One in Hangzhou on Saturday.

Obama said on Sunday, however, that his talks on Saturday with President Xi Jinping had been "extremely productive" and that he "wouldn't overcrank the significance" of arguments that took place at the airport upon his arrival.

The Wall Street Journal complained that on Saturday "the Chinese barred Mr Obama from including his traveling press contingent in his motorcade".

US media wanted 'special privileges'The New York Times said on Tuesday that "The White House press corps, which normally has access to the president's public events wherever he travels, has been sequestered in buses 200 yards from the site of the Group of 20, without access to food or toilets."

In response, a Chinese source told China Daily that the US, brushing aside common journalistic practice in multilateral meetings, insisted on having a bus carrying about 20 US reporters follow Obama's motorcade directly to summit hall where closed-door meetings were held.

Normally, however, host countries of major multilateral meetings have journalists gather as a pool in the news center and have them go through routine security checks before they are led to the meeting hall.

Another source at the scene told China Daily that "the bus was of course not allowed to join the motorcade, according to press rules, and we arranged for the reporters to go to the news center. But some of them chose to stay on the bus, while some went to the bathrooms or the press center at the summit."

The New York Times reported that when Xi and Obama took a leisurely stroll after dinner on Saturday, "Chinese security cut the number of US journalists allowed to witness it to three from the original six, then ultimately to a single reporter".

But a second Chinese source said China "had never promised to allow six reporters".

"Because the lakeside path was too narrow for that many reporters, we proposed one on one - one reporter from the US and the other from China. Later, the US agreed it was a good arrangement," the source said.

When asked about the meeting between Xi and Obama and the so-called incidents, Mark Toner, deputy US State Department spokesman said at a news briefing on Tuesday that the "small incidents that took place on the periphery" do not take away from "the strong cooperation that we've had with China on a number of fronts over the past several years of this administration".

A Chinese source said: "It is common to make some demands, but the demands should not cross the line. The US should not be an exception."

The sources added that no other country demanded the privileges that the US sought, and "China had every reason to provide convenient arrangements to foreign reporters" because it wished to successfully host the summit.

By Zhang Yunbi and Wu Jiao(China Daily)

Contact the writer at zhangyunbi@chinadaily.com.cn

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Tuesday 6 September 2016

G20 2016 concludes with multiple victories; China puts its stamp on global governance

https://youtu.be/gRUR_ouXAJI



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    China’s multiple victories from G20 summit


    The Hangzhou G20 summit concluded Monday afternoon. China as host of the summit has garnered more global attention. China's careful organization has maximized the efficiency of the meeting, with abundant results achieved. While world opinion was reserved about the role of the G20 platform in the future, the Hangzhou summit has undoubtedly consolidated its status in global governance.

    From China's perspective, the summit is more successful. China's situation, its ideas and stance have all been shown to the world. It has opened the door to comprehensive communication between China and the outside world.

    Chinese President Xi Jinping met with his US and Russian counterparts respectively, which bears significance for global strategy. The summit also offered a chance for Sino-Japanese and Sino-South Korean ties, both of which are at a low ebb currently.

    China has gained a great deal of soft power through the meeting. As a rising power, China's unique system has been seen by Western media as its first identity. Some in the media were more interested in seeing China make mistakes as a host than expecting fruitful results of the summit. It turned out that the summit went smoothly and was a crowd-pleaser.

    The US Defense Intelligence Agency tweeted a New York Times article about the G20 and wrote, "Classy as always China" to its 83,000 followers. It later deleted the tweet and made an apology. The act only shamed the agency.

    The way China hosts international conferences indeed differs from the West, but so what? The Hangzhou G20 meeting has further enhanced China's confidence.

    The world is diverse, and China does not need to feel shy about displaying its cultural characteristics or care about what the West thinks.

    Many countries are simply shouting out slogans, while China is dedicated to actions. Picturesque Hangzhou becomes more beautiful after hosting the G20. Despite some criticisms, its positive impact will long be enjoyed by Hangzhou residents and domestic travelers.

    China has encountered some controversies and challenges during its hosting of the G20 summit, but now they are all gone. This is a valuable process for China as it conveys the meaning of being a major power.

    As long as we are firm and dedicated, we will be confident that even if there are some errors, we can be at ease about it.

    During China's rise, we will keep changing our understanding of success and become more skilled in coping with the West. Development still tops the agenda. Rapid development is the biggest parameter for China to win respect and discourse power, and how the West sees us is one of the least important factors.

    We also got to know what world unity is. China should make contributions to unite the world. The Hangzhou G20 summit proves that China has such capabilities and doing so suits our interests. - Global Times

China puts its stamp on global governance at G20 Summit


The ceremonies, handshakes, meetings and speeches, banquets and performances of this year's G20 Summit have now come to an end.

In fact, they ended on Monday after the leaders of the world's 20 major economies met in Hangzhou, East China's Zhejiang province, and a long list of agreements were signed. Check details of the final communiqué

But these were not the be-all and end-all of the 2016 G20, as it is likely to have a lasting legacy in international relations, with China leaving its stamp on the G20 as a mechanism to coordinate future actions by the world's leading economies.

China's contribution to the 2016 G20 has been significant in two ways.

First, China has demonstrated unswerving commitment to globalization, more specifically to defending free trade and cross-border investment and business cooperation, despite the fact that it can no longer easily increase its own exports by relying on low-cost labor, and that many processing operations formerly based in China have relocated elsewhere.

Amid growing calls for protectionism worldwide, pessimism about the future, and fear of sharing opportunities with foreigners, China understands that it must set an example by working with other countries to defend the existing global market system.

Just as President Xi Jinping told the delegates at the Business 20, a sideline session of the G20 Summit, on Saturday, rather than overturning the existing system, what China wants is to expand the global market system, to make it include more nations, more workers and more entrepreneurs.

China has also cautioned against attempts to seek self-protection, and politically defined small-circle games, since they tend to rewrite the rules for the global system and worsen the problems plaguing the world economy. On Sunday, Xi again called on the G20 members to continue to promote the liberalization and facilitation of trade and investment.

Second, China's contribution has also been significant in the way the G20's agenda has been aligned with the long-term goals and programs set out by the United Nations. China has contributed substantial content to affect this, including its efforts to nurture cooperation among the emerging market economies and inviting more leaders from developing nations to participate in the G20 process, as well as the proposal for a common e-commerce platform for small and medium-sized enterprises across the world.

To brave the rough waters of the world economy and start a new journey for future global growth, the G20 should not only help the world coordinate efforts to deal with emergencies, as was its original purpose following the onset of the global financial crisis, it should also focus on long-term governance. It should address both the symptoms and root causes of the world's economic problems with real actions, so as to spread opportunities where there are few or none.

In anti-globalization, anger and divisiveness hold sway. Globalization, on the other hand, requires people from different countries to exchange views, compare notes and learn from one another.

However, the G20 members can do more than just talk. They can generate more trade and cross-border investment deals, showcase more innovations, provide more services, and extend help to more poor people and under-developed nations. In the process, the G20 can become more important by finding "a direction and a course for the world economy with a strategic vision", as Xi has urged. In this way it can help realize people's common aspirations for sustainable, balanced and inclusive growth. - China Daily

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Gathering synergy for a new type of world economy

Beijing's prescriptions may sound too good to be executable at this point, but not if the G20 members, as Xi called for, "work with real action with no empty talk".


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Monday 5 September 2016

Action, not words or empty talk, needed to cure global economy, China tells G20 summit




https://youtu.be/vVVakBjOAm0

https://youtu.be/wwIDKurgBak

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G20 Summit opens in Hangzhou, Xi delivers keynote speech

 http://english.cctv.com/2016/09/04/VIDEc5kKPpOOSbfGBwyHqtbP160904.shtml

Video: President Xi delivers speech at G20 banquet

Video: President Xi delivers speech at G20 banquetChinese President Xi Jinping urges world leaders to avoid "empty talk" and confront sluggish economic growth and rising protectionism as their summit opens in the scenic city of Hangzhou.http://english.cctv.com/2016/09/04/VIDEAYffDNcMahOalCr6FgGB160904.shtml

Action, not words, needed to lift economy - President tells world leaders China will strive to boost growth, aid development


President Xi Jinping urged the leaders of the world's biggest economies to deliver "real action" and "no empty talk" as they attempt to steer the global economy out of its sluggish state.

In his opening speech at the start of the two-day G20 Summit on Sunday, he said the G20 had drawn up action plans in multiple fields, including sustainable development, green finance, energy efficiency and anti-corruption, "and we should implement each of them seriously".

The Hangzhou summit has come at a time when the world economy is plagued by problems, short and long term, such as poor growth momentum, changing demographics, rising trade protectionism and low investment, Xi said.

But he insisted that G20 members will "face the problems squarely" and collaborate in developing solutions.

World leaders vowed at the meeting to find workable solutions to restore strong growth and achieve more-inclusive development that reduces inequality. They also agreed that more focus should be placed on structural reforms, innovation and high-technology, as traditional growth engines have weakened.

German Chancellor Angela Merkel said leaders had agreed that they must work together to boost global economic growth, and she welcomed China's focus on structural reform.

She added that digital ministers from the world's biggest economies will meet for the first time next year and that the group planned to set up a task force for innovation, Reuters reported.

Xi said in his speech that while the world needs to better coordinate monetary and fiscal policies and carry out structural reforms, priority should be given to achieving balanced growth. He said the G20 will help less-developed countries, including those in Africa, with industrialization as well as green energy and finance to bridge the gaps in global development.

The G20 has been criticized in the past for failing to take concrete measures to coordinate world economies. While urging members to take substantial action, Xi said the group "should continue to build our mechanisms to ensure our cooperation continues and deepens".

"The G20 is becoming more systematic and is changing from a short-term arrangement to handle crises to a long-term dialogue and action mechanism," according to Chen Wenling, chief economist at the China Center for International Economic Exchanges. "To make it more effective, the G20 should establish a secretariat."

Wang Wen, acting director of Renmin University of China's Chongyang Institute for Financial Studies, added: "The G20 used to be driven by crises, and now it's driven by ideas. China has provided a global consensus at the Hangzhou summit that will drive global joint action."

World economic growth-still made in China


By Stephen S. Roach (China Daily)


Despite all the hand-wringing over China's slower economic growth, the Chinese economy remains the single largest contributor to world GDP growth. For a global economy limping along at stall speed-and most likely unable to withstand a significant shock without toppling into renewed recession-that contribution is all the more important.

A few numbers bear this out. If Chinese GDP growth reaches 6.7 percent in 2016-in line with the government's official target and only slightly above the International Monetary Fund's latest prediction of 6.6 percent-China would account for 1.2 percentage points of world GDP growth. With the IMF currently expecting only 3.1 percent global growth this year, China would contribute nearly 39 percent of the total.

That share dwarfs the contribution of other major economies. For example, while the United States is widely praised for a solid recovery, its GDP is expected to grow by just 2.2 percent in 2016-enough to contribute just 0.3 percentage points to overall world GDP growth, or only about one-fourth of the contribution made by China.

The European economy is expected to add a mere 0.2 percentage points to world growth, and Japan not even 0.1 percentage points. China's contribution to global growth is, in fact, 50 percent larger than the combined contribution of 0.8 percentage points likely to be made by all of the advanced economies.

Moreover, no developing economy comes close to China's contribution to global growth. India's GDP is expected to grow by 7.4 percent this year, or 0.8 percentage points faster than China. But the Chinese economy accounts for fully 18 percent of world output (measured on the basis of purchasing power parity)-more than double India's 7.6 percent share. That means India's contribution to global GDP growth is likely to be just 0.6 percentage points this year-only half the boost of 1.2 percentage points expected from China.

More broadly, China is expected to account for fully 73 percent of the total growth of the BRICS grouping of large developing economies. The gains in India of 7.4 percent and South Africa 0.1 percent are offset by ongoing recessions in Russia, minus 1.2 percent and Brazil, minus 3.3 percent. Excluding China, BRICS GDP growth is expected to be 3.2 percent in 2016.

So, no matter how you slice it, China remains the world's major growth engine. Yes, the Chinese economy has slowed significantly from the 10 percent average annual growth recorded during the 1980-2011 period. But even after transitioning to the slower growth of what the Chinese leadership has dubbed the new normal, global economic growth remains heavily dependent on China.

There are three key implications of a persistent China-centric global growth dynamic.

First, and most obvious, continued deceleration of Chinese growth would have a much greater impact on an otherwise weak global economy than would be the case if the world were growing at something closer to its longer-term trend of 3.6 percent. Excluding China, world GDP growth would be about 1.9 percent in 2016-below the 2.5 percent threshold commonly associated with global recessions.

The second implication, related to the first, is that the widely feared economic "hard landing" for China would have a devastating global impact. Every decline in Chinese GDP growth of one percentage point knocks close to 0.2 percentage points directly off world GDP; including the spillover effects of foreign trade, the total global growth impact would be around 0.3 percentage points.

Defining a Chinese hard landing as a halving of the current 6.7 percent growth rate, the combined direct and indirect effects of such an outcome would consequently knock about one percentage point off overall global growth. In such a scenario, there is no way the world could avoid another full-blown recession.

Finally (and more likely in my view), there are the global impacts of a successful rebalancing of the Chinese economy. The world stands to benefit greatly if the components of China's GDP continue to shift from manufacturing-led exports and investment to services and household consumption.

Under those circumstances, Chinese domestic demand has the potential to become an increasingly important source of export-led growth for China's major trading partners-provided, of course, that other countries are granted free and open access to rapidly expanding Chinese markets. A successful Chinese rebalancing scenario has the potential to jump-start global demand with a new and important source of aggregate demand-a powerful antidote to an otherwise sluggish world. That possibility should not be ignored, as political pressures bear down on the global trade debate.

All in all, despite all the focus on the US, Europe, or Japan, China continues to hold the trump card in today's weakened global economy. While a Chinese hard landing would be disastrous, a successful rebalancing would be an unqualified boon. That could well make the prognosis for China the decisive factor in the global economic outlook.

While the latest monthly indicators show China's economy stabilizing at around the 6.7 percent growth rate recorded in the first half of 2016, there can be no mistaking the headwinds looming in the second half of the year. In particular, the possibility of a further downshift in private-sector fixed-asset investment could exacerbate the ongoing pressures associated with deleveraging, persistently weak external demand, and a faltering property cycle.

But, unlike the major economies of the advanced world, where policy space is severely constrained, the Chinese authorities have ample scope for accommodative moves that could shore up economic activity. And, unlike the major economies of the developed world, which constantly struggle with a trade-off between short-term cyclical pressures and longer-term structural reforms, China is perfectly capable of addressing both sets of challenges simultaneously.

To the extent that the Chinese leadership is able to maintain such a multi-dimensional policy and reform focus, a weak and still vulnerable global economy can only benefit. The world needs a successful China more than ever.

The author is a faculty member at Yale University and a former chairman of Morgan Stanley Asia, and author of Unbalanced: The Codependency of America and China. Project Syndicate

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Sunday 17 July 2016

China need not always win to be great

While it deserves to have a greater say in the world order, it should not be the only big winner. In its rush to assert itself on the global stage, it has simply reaped acquiescence


Chinese soldiers marking the Communist Party's 95th anniversary in Heilongjiang province last month. In President Xi's address, he said China will never compromise on its sovereignty. Standing up forcefully on the world stage has become a cornerstone of the country's diplomacy. PHOTO: AGENCE-FRANCE PRESSE

BEIJING • In his address at the 95th anniversary of the Chinese Communist Party (CCP) this month, President Xi Jinping (pic) devoted an unusually lengthy part of his speech to foreign policy.

Speaking just days before a ruling by the Arbitral Tribunal at The Hague on China's claims in the South China Sea, most international media focused on him saying that China will never compromise on its sovereignty. The Chinese media, however, picked out certain phrases to highlight his vision for the country on the global stage.

One of them is "ren lei ming yun gong tong ti", or a "community of common destiny for mankind", a term Mr Xi has used at least 60 times since 2013.

Building this community is the "Chinese solution" for an international world order that emphasises mutual benefits, and will allow China to fulfil its responsibilities as a major country, said party mouthpiece People's Daily in a commentary on Monday.

Another Chinese media analysis said China has come up with the "Chinese solution", or "zhong guo fang an", because it no longer wants to follow Western rules now that it has "a major country's capabilities and self-confidence".

Taken together, these points summarise China's reimagining of its role as a "major country/great power" or "da guo" in recent years. Although it became the world's No. 2 economy in 2010, the Chinese have always debated whether their country is truly a great power. There is, however, little doubt in the mind of Mr Xi, who has more actively sought to answer the question: "So what should a great power do?"

Plenty, it seems. In recent years, standing up more forcefully on the world stage has become a corner- stone of the country's diplomacy.

Last September, the People's Liberation Army (PLA) carried out a rare and massive display of its latest hardware through Tiananmen Square in a show of military prowess that unnerved neighbours in the region and countries further afield. That came amid a PLA restructuring and personnel reshuffle meant to improve its combat capabilities, as well as weapons deployment and land reclamation in the South China Sea.

Then last month, at a special meeting in Kunming between Asean and China's foreign ministers, a planned joint press conference failed to take place after the Chinese applied pressure on a few Asean member states and caused the 10-member bloc to splinter over a proposed joint statement on the South China Sea.

Experts such as Nankai University analyst Liu Feng have pointed out that "China has been more inclined in recent years to use its coercive power to persuade neighbouring countries or to ensure that they indeed treat it with respect". That is consistent with the observation that China has modified its foreign policy strategy to become more pro-active, shifting from the decades-old mantra of "tao guang yang hui" (keeping a low profile) to "fen fa you wei" (striving for achievement), a term Mr Xi used at a high-level diplomatic work conference in 2013.

Yet, what a great power can do and what it should do are different things - and both China's leaders and its people seem increasingly interested only in the former while "striving for achievement". That attitude extends to the Chinese public, as can be seen in the response of a fisherman from Hainan province who said in an interview in May: "Just attack them..., what are we afraid of?"

He was referring to the Philippines, which the tribunal ruled in favour of this week in the former's disputes with China in the South China Sea. Many of these fishermen had clashed with the coast guard and fishermen from the Philippines during their expeditions to the Spratlys, which the Chinese government encourages as a way of safeguarding sovereignty.

It is not uncommon to see netizens comment on territorial disputes online with a single word "da" (attack), born from the angst of seeing "great power" China supposedly being pushed around by smaller countries. They feel that China's might is not limited to the military either, often questioning what would happen if China decides to cut off trade ties or investment with another belligerent country. In short, now that we are strong, why do we need to play nice?

Yet, when it suits its cause, China (or its public) is quick to highlight that it is also a "rising power" - a developing country - hence relieving it of the international responsibilities that most expect a great power to shoulder.

Indeed, when Mr Xi committed US$2 billion (S$2.7 billion) last September to a development fund for poor countries and said China would aim to increase investment in least-developed countries to US$12 billion by 2030, that effort to change China's image as an international "free rider" swiftly came under fire. Why is China not helping its own poor, many Chinese asked. China is just a big country, not a rich country, others said.

None of that helps China's standing on the global stage. In its rush to demand respect befitting of a great power, China has merely reaped acquiescence.

Just looking at Asean, for instance, closer economic cooperation with Beijing has failed to translate into mutual trust. If anything, it has been the opposite, with concerns growing about China's readiness to wield its economic clout for geopolitical benefits. As one Western scholar observed, "China is a great power, but it doesn't realise that being a great power doesn't mean you need to ensure you win all the time".


This is where China can perhaps heed a lesson it learnt from the remarkable feat it pulled off early this year, in opening the Asian Infrastructure Investment Bank (AIIB), which People's Daily also sees as part of the "Chinese solution". Few would have given it a chance when Mr Xi first mooted it in 2013, especially given the intense pressure that the United States had put on other countries not to join the bank. But the benefits of this new institution were apparent to the 57 that eventually signed up, in what became a major public relations coup for China.

No coercive action was needed when the countries could assess for themselves the AIIB's merits, while being keenly aware of the limitations and associated biases in current international financial institutions.Two weeks on from Mr Xi's address, the tribunal has ruled against China's claims in the South China Sea and all eyes are on how forcefully it reacts. It should keep in mind that in recent years, assertive action has only served to push China's neighbors further away from it. It is still questionable, on balance, how much "striving for achievement" and not following "Western rules" has gained for China, and if that is still a path worth going down.

China deserves to have a greater say in the world order and, as it has pointed out, there should be no objection to its attempts to build a new world order that emphasizes "mutual benefits and a non-zero sum game model". In such a world, however, the great power should not be the only big winner.

By Teo Cheng Wee, China Correspondent The Straits Times/Asia News Network

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Friday 6 November 2015

Xi-Ma meeting in Singapore is for the next generation, deserves the world’s applause




http://t.cn/RUS0J3X



Chinese mainland authorities announced Wednesday that Chinese President Xi Jinping and Taiwanese leader Ma Ying-jeou will meet in Singapore on Saturday to exchanges views on peaceful development across the Straits. The Xi-Ma meeting is a major breakthrough in relations between Taiwan and the mainland. It will exert a positive influence on the island's future policy toward the mainland and lay a firm foundation for the way the world perceives this relationship.



Since the Wang-Koo meeting in 1993, the level of meetings between leaders from the two sides has been getting higher, but no breakthrough has been made yet, mainly because it is difficult to define their identities and titles. Taiwan has hoped to identify its leaders as "president," to which the mainland cannot agree since this is not only a matter of identity, but of the nature of mainland-Taiwan relations.

According to Zhang Zhijun, head of the Taiwan Affairs Office of the State Council, Xi and Ma will meet as the "leaders" of both sides upon negotiations in line with the one-China principle when political differences between the two sides remain.

Xi and Ma will call each other "Mister," which will be a unique phenomenon in top meetings.

This practical arrangement will create space for both sides to seek a solution in future. The Taiwan question can generally go into three directions - maintaining the status quo, stepping into unification, or realizing so-called "Taiwan Independence."

It is unlikely that the cross-Straits relationship will maintain its current exact status quo as it is changing all the time. "Taiwan independence" has been driven by interior extreme forces. Meanwhile, the counter thrusts include the mainland's increasingly powerful clout and the positive mainstream forces from Taiwan itself. The world is also anticipating closer cross-Straits ties. These forces shape the big picture of closer cross-Straits relations.

Xi's political appeal has impressed both sides of the Straits and the whole world. The long anticipated meeting will be finally realized in his first-term. His appeal is essential for taking key steps to realize the great rejuvenation of the Chinese nation.

Ma deserves warm applause for his willingness to have the meeting. With seven months left in office, during his term the 1992 Consensus has been well upheld and cross-Straits cooperation prospers. Despite his controversial governance of Taiwan, the positive factors of cross-Straits ties may have a longer influence on Taiwan's future path than Ma's term.

The opposition camp in Taiwan has made immediate objections, hoping to control public opinion. But they should be aware that the historic meeting is supported by the whole world, including the US, and they are displaying jiggery-pokery from a small circle. Such extremism is bound to be stigmatized.

The Xi-Ma meeting has excited Chinese people worldwide. International society is also interested in seeing the two sides taking a pragmatic step forward. Applause will be heard globally for the victory of peace and rationality. - Global Times

Sunday 25 October 2015

China-Britain bilateral relations in Golden Era


Putting economics first

Despite Britain’s role as the closest US ally, its leaders have surprised the world by surging forward in relations with a rising China.

FOR centuries, relations between Britain and China have been undulating, rising rather more than declining.

In that time, Britain has been more ­anxious to penetrate Chinese markets and forage for what China has to offer than the other way round.

The Queen and Chinese president Xi Jinping are driven by carriage along The Mall to Buckingham Palace Photograph: POOL/Reuters

The super-gala treatment that President Xi Jinping and Mrs Xi received in London ­during the week was not necessary to prove the point, but it helps. There was Xi, royally seated next to the Queen, in the gold-trimmed horse-drawn royal carriage parading through London and shown on television screens around the world.

The visiting presidential couple also lodged at Buckingham Palace, the Queen’s official residence, during their trip. Clearly, this was no ordinary state visit.

The Queen called the visit “a defining moment”, Prime Minister David Cameron called it “a golden era”, and Chancellor of the Exchequer George Osborne called it “a golden decade” for their bilateral relations.

An array of gilded items were spread among the vast gilt-edged dining chairs for Xi and his host, the Lord Mayor of London, at the second banquet after the Queen’s.

Gold, the auspicious colour in Chinese culture, went well with the red of the carpet and the Chinese flag.

And Britain was only too happy to oblige.

This was Xi’s first state visit, coming a full decade after his predecessor’s, Hu Jintao’s. But British leaders had been somewhat more proactive.

Only a few years ago, hiccups in relations occurred after British officials stumbled over such sensitive issues for China as the Dalai Lama. After the ruffles were smoothed over came the slew of mega business deals.

Britain wanted to ensure those deals were on and Xi’s state visit would seal them, so Osborne was dispatched to Beijing last month. To make doubly sure he made a side trip to Xinjiang, the alleged epicentre of China’s human rights violations, to talk trade rather than human rights.

China critics condemned that move. But it paid off for Britain in Xi’s high-powered four-day visit and all that it represented and contained.

On Tuesday, China’s Central Bank issued its first offshore renminbi bond in London. On the same day, Cameron appointed Chinese tycoon Jack Ma to his business advisory group. The next day, deals were signed amounting to £40bil (RM260bil), generating nearly 4,000 jobs in Britain. And this was only the beginning.

Critics tend to underrate the importance of business success for both Britain and China. They are perhaps the most enduring of the world’s major trading nations, Britain historically and China in the past and the future.

Even before becoming “the workshop of the world”, Britain had embarked on a glo­bal empire that would span centuries. It lost its sparkle after the Second World War and decolonisation.

British interest in East Asia had centred on China, particularly trade with China. Even its presence in Borneo – Brunei, Sabah (British North Borneo) and Sarawak – were only as a staging post for trade with China on sailing ships and steamships.

The British phrase “not even for all the tea in China” is a measure of one’s resistance to temptation. And tea was only one of many traded items from China.

With the colonial period, parts of China were tugged and torn by European, Russian, US and Japanese imperial powers. China fought and lost two “opium wars” and suffered unequal relations with Britain.

Then they agreed on the return of Hong Kong to China in 1997. But even decades before that date, the buzz in Britain was what would happen to Hong Kong after the “handover”.

Hong Kong had long been known as the world’s classic capitalist enclave, while in the 1990s the West still regarded China as a communist state.

Hong Kong was in quiet panic, as celebrities and stars worried what would happen to them and their work under communist rule.

Many contemplating migration purchased homes abroad from Vancouver to Kuala Lumpur. Jackie Chan bought a luxury condominium in Damansara Heights.

At the time, an Englishman from off the streets in central England put that crucial question to me: What would happen after China “takes over” Hong Kong? I replied that Hong Kong would instead take over China in many ways that mattered. Soon after 1997, Deng Xiaoping’s credo of “it’s glorious to be rich” was abundantly clear throughout the land, often excessively so.

In time, anxieties over the handover were soothed, and it ceased to be an international issue. After moving to the United States and working in Hollywood, Chan returned to Hong Kong and even began work in China itself. His trajectory has been instructive and symbolic. So his presence as an invited guest at a reception for Xi in London’s Lancaster House on Wednesday evening said it all.

While London and Beijing are only too happy to see their relations on the upswing again, their critics have been at work. They have called Britain’s grand welcome for Xi fawning and embarrassingly servile.

Western criticism comes from two broad angles: the US and Europe. Both are not without their own self-interests.

In the European Union, Germany has been an early and the most extensive investor in China. Then earlier this year, Britain stole a march on all other Western countries by signing up as an early co-founding member of the China-led Asian Infrastructure Investment Bank (AIIB). After that, other US allies joined in: several EU countries including Germany, as well as Australia, New Zealand and Singapore. The US, which tried hard to stop the trend, had only Japan and Canada as recalcitrant holdouts for company.

Many Western and pro-Western countries are happy enough to do business with China in the lead, in the process helping China grow. This is despite strategic thinkers knowing that the AIIB is also a means for extending China’s reach through Central Asia and Russia to the West.

This takes the form of the infrastructure-­heavy Maritime Silk Road and the One Belt, One Road projects offering connectivity between East Asia and Europe. They possess both economic and strategic advantages.

US critics of Britain’s close partnership with China have something of an identity crisis. They have a long list of complaints against Beijing, yet they cannot stop their own corporations doing increasing business with China.

Worse still, the glittering welcome accorded to President and Mrs Xi in London compares too favourably with the one in Washington just weeks before.

Beyond some formal diplomatic niceties, President Obama reportedly threatened to impose sanctions on China. He also remains committed to the largely military “rebalancing” in China’s backyard, while keeping China at bay with the Trans-Pacific Partnership proposal dividing East Asia.

Whether the British or US approach to working with China is better, and for whom, also depends much on which is more enduring. Britain had presided over a global empire for centuries. China, a global superpower before, has millennia of experience to draw on.

Both countries share the approach of making trade their primary purpose, with any political or military posture being secondary to protect those economic interests.

The US in contrast opts for a forward military posture abroad, with any economic interest secondary by comparison. And despite Pax Americana being only 70 years old, it is already showing signs of wear.

By Bunn Nagara, who is a Senior Fellow at the Institute of Strategic and International Studies (ISIS) Malaysia - The Star

Open, inclusive partnership exemplary for development


China's President Xi Jinping and Britain's Prime Minister David Cameron attend a joint press conference in 10 Downing Street, in central London, Britain, Oct 21, 2015.[Photo/Agencies]

President Xi Jinping's pledge that China and the United Kingdom will build a "global comprehensive strategic partnership" in the 21st century will bring China-UK relations to a new level and endow their ties with a significance that goes beyond the bilateral scope.

In his talks with British Prime Minister David Cameron on Wednesday, Xi described the upgraded China-UK partnership as opening up a golden era for an enduring, inclusive and win-win relationship that will enable the two sides to jointly create an even brighter future for their relationship.

The noticeable improvement in China-UK ties has been the result of the strong political will from both sides to transcend their differences and shore up mutual respect, reciprocal cooperation and mutual learning.

During Xi's ongoing visit to the UK, the two sides have signed a number of intergovernmental and business deals worth about 40 billion pounds ($62 billion), including an eye-catching agreement that means China will partly finance a UK nuclear plant.

This nuclear project will be China's first in the West, and according to Cameron, it will create thousands of jobs in the UK and provide reliable, affordable energy to nearly 6 million homes when operational.

Such fruitful results show China and the UK are substantiating their cooperation with concrete deals. And as Cameron has said, a strong economic relationship can withstand frank disagreements on some other issues.

With the UK pledging to be China's best partner in the West and China looking to build a golden decade with the UK, the two sides have set a good example in developing ties between a major developing country and a major Western power.

Xi has stressed the open and inclusive nature of the China-UK comprehensive strategic partnership, which means the stronger bond between Beijing and London does not target any existing alliance or partnership the two have forged with other countries.

Under the principle of voluntarism, the partnership can be expanded to include other partners so as to bring benefits to more countries.

The quick reconciliation and warming of bilateral ties would not have been possible if the two sides had not deepened their mutual understanding, built mutual trust and committed to reciprocal and meaningful interaction.

We have every reason to believe China and the UK will continue to build on the current good momentum in their relations, which will not only cater to their interests but also contribute to the common prosperity of the entire world. - China Daily

Xi trip success narrows divide with West


In the 1950s, China's stated aim was to surpass the industrial achievements of the UK, which however failed. Decades later, the UK welcomed Chinese President Xi Jinping with pomp and pageantry and announced the two countries were entering a "golden age." China has roughly overtaken the UK in gross GDP, although the living standards of the Chinese still lag far behind the British.

During Xi's stay, China and Britain signed contracts worth 40 billion pounds ($61.62 billion). London will become the top offshore yuan center apart from Hong Kong. The UK also adopted measures to relax visa rules for Chinese tourists. These combined give people more faith in the comprehensive strategic partnership between China and the UK.



The embrace of China and the UK with open arms primarily proves that the West's economic alliance designed to counter China does not exist or has been overthrown. Economically, the West has more noncompliance than consent across the board to challenge China. Militarily, the West has NATO at the core, but inside it is still not united enough to pressure China. China's military pressure mainly comes from the US-Japan alliance, which is trying to involve smaller countries around China to enhance the deterrence. As China's economic development has bolstered its military might, it has increasing confidence in safeguarding the country's security.

The UK seems to have distanced itself from the Western group that may threaten China and explicitly wants to befriend us. As an important member of the Western world, the UK's decision to usher its ties with China into a "golden age" has symbolic significance.

But when it comes to ideology, the old divide comes up again between China and the West. Over political and values conflicts, countries like the UK, Germany and France, which endeavor to advance their bonds with China, return to the Western formation.

The external ideological pressure is one of the thorniest issues for China currently, and has huge influence on China's domestic values debate.

Common values have been the prominent bond in the West after WWII, but it is definitely not omnipotent. The divergence on values is the biggest difference between China and the West, which requires mutual respect and will to accept. We often feel the West is arrogant and aggressive in terms of ideology, which may partly come from a sense of insecurity due to internal divergences.

The UK mirrors our own changes and informs us that the times when the outside world united to counter China have ended or never existed. But there is still a long road before disputes on ideological issues between China and the West can be solved. Yet we have more achievements and hopes in this regard than difficulties and uncertainties. Compared with the huge pressure from the West in the past, we have gone so far and clearly know our future path. - Global Times

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