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Li Keqiang

This tag is associated with 74 posts

Cadence of Conflict: Asia, April 25, 2016


North Korea launched a missile that travelled 1/10 the distance it needs to. Pyongyang considered it a “success”. China has come to a consensus about it’s activity in the South China Sea. The consensus did not include all ASEAN nations. And, the US continues to disagree with the consensus. The City Council Speaker of a … Continue reading

Understanding the two Chinas


Our view that China may be heading for a mild cyclical upswing next year needs to be set against the background of the broader economy, which is changing rapidly. We think that it makes sense to view the economy as consisting of two parts: old and new. In its latest Five-Year Plan—full details of which … Continue reading

China’s economy is worse than you think


The unreliability of Chinese official economic data has become almost a cliche. A few years before he became China’s premier, Li Keqiang said that the country’s numbers were “man-made” and “for reference only.” If the top economic policy maker of a country says that the numbers aren’t reliable … well, you believe him But how unreliable? … Continue reading

China Premier says respects Ukraine integrity, won’t be drawn on Crimea


Chinese Premier Li Keqiang said on Sunday that his government respected the territorial integrity and sovereignty of Ukraine, but would not be drawn on whether China considers Crimea to be Ukraine’s or Russia’s. “On the issue of Ukraine, China has adopted an objective and just position. We respect Ukraine’s independence, sovereignty and territorial integrity,” Li … Continue reading

Prelude to Conflict: Asia, March 16, 2015


A thorough and thoughtful article catches wind, documenting China’s threats against Great Britain over Hong Kong. Based on records declassified in 2013, the Crown wanted independence for Hong Kong long ago, but Beijing threatened invasion. The Hong Kong we know has been a store front so China can access the world and so Taiwan would … Continue reading

China likely to end up as former would-be superpower


Forecasts for China to surpass the US as the world’s main economic power are misplaced. So says an observer who foresaw Japan’s eventual demise a year before its land-price bubble began to burst. “The vulnerabilities in China today are very similar to the vulnerabilities in Japan,” said Roy Smith, 76, who was a Goldman Sachs … Continue reading

China’s long-awaited day of reckoning is close


All the devils have come together for the Chinese economy and the country’s “long-awaited day of reckoning” is upon us, writes Societe Generale analyst Wei Yao in a recent note. To China bears who’ve said that the country is a debt bubble, Wei’s conjecture will seem obvious. To bulls it raises another question: Where would … Continue reading

Prelude to Conflict: Asia, January 5


When it comes to Chinese-speaking pastors and the Chinese government, the Chinese are very non-communicative. It’s a shame and a sham, literally—a shame because of the “Shame” culture that can’t man-up to face hard talks and a sham because it’s always hiding some greater aspiration of self-indulged grandeur. China’s boasts of its “great cities” show … Continue reading

China’s charm offensive: $3 billion attempt to buy good relations with South East Asia


After his successful charm offensive in central and eastern Europe, Chinese Premier Li Keqiang directed the same offensive at South East Asia. According to a Reuters report, the Chinese government’s mouthpiece Xinhua said in its report yesterday that Li has offered more than $3 billion in loans and aid to neighbours Cambodia, Vietnam, Myanmar, Thailand … Continue reading

China urges peaceful development of seas by all countries, while not following its own advice


China, involved in a growing dispute with its neighbours over the energy-rich South China Sea, wants to promote peaceful development of the oceans, Premier Li Keqiang said, warning conflicts in the past had only brought “disaster for humanity”. China claims almost the entire ocean, rejecting rival claims to parts of it from Vietnam, the Philippines, … Continue reading

China’s exports gain steam but imports fall, signalling weaker domestic demand


China‘s exports gained steam in May thanks to firmer global demand, data showed on Sunday, but an unexpected fall in imports signaled weaker domestic demand that could continue to weigh on the world’s second-largest economy. Exports rose 7 percent in May from a year earlier, quickening from April’s 0.9 percent rise, while imports fell 1.6 … Continue reading

China’s CCP shows its fear ahead of 25th anniversary of Tiananmen Massacre


At the beginning of my book “Tiananmen’s Tremendous Achievements,” I cite the Chinese saying “Once bitten by a snake, one is scared all one’s life at the mere sight of a snake,” to describe the pervasive fear of collapse in the party, and call the fear CCP’s Tiananmen syndrome. In the book, there is also … Continue reading

China PMI steadies, but doesn’t dispel growth worries


Activity in China’s factories increased marginally in April but export orders fell sharply, a government survey showed on Thursday, adding to questions about whether the world’s second-largest economy is stabilizing after its first-quarter slowdown. The data came a day after Premier Li Keqiang pledged to step up support for the trade sector, adding to measures … Continue reading

Top executives refuse to work in China; slowing economy and pollution the main reasons


China‘s smog is making it harder for foreign firms to convince top executives to work in the country, the American Chamber of Commerce in Beijing said on Wednesday, offering some of the strongest evidence yet on how pollution is hurting recruitment. Some 48 percent of the 365 foreign companies that replied to the chamber’s annual … Continue reading

China’s premier warns on economic slowdown


Chinese Premier Li Keqiang warned on Thursday that the economy faces “severe challenges” in 2014 – comments that came as weak data fanned speculation the central bank would relax monetary policy to support stuttering growth. Li, speaking at a news conference on the final day of China’s yearly parliament, hinted Beijing would tolerate slower economic … Continue reading

China needs 10 million new jobs a year to survive


The Chinese economy needs to create 10 million jobs per year and must sustain growth of at least 7.2% to achieve that, Premier Li Keqiang has warned ahead of a key meeting of the Communist Party. Li’s comments, in a speech published Monday on the website of the All China Federation of Trade Unions, indicate … Continue reading

Australia’s Governor General meets top Chinese leaders


Australia’s Governor-General Quentin Bryce has met with China’s top political leaders in one of her final overseas tours in the post. Mrs Bryce held meetings last night with President Xi Jinping and Premier Li Keqiang at the Great Hall of the People in Beijing. It was Mr Bryce’s first visit as the official head of … Continue reading

China got into bed with the U.S. Treasury and can’t get out


The Chinese sure are doing a lot of worrying these days about the stalemate in Washington. Li Keqiang, China’s Premier, told U.S. Secretary of State John Kerry that he was watching the tussle over raising the government’s debt ceilingwith “great attention” in a meeting last week. He has good reason to be concerned. With a stash of nearly $1.3 … Continue reading

Xi’s neo-Maoist mass line campaign casts a dark shadow over China


China’s mass line campaign is well in gear: self-criticisms are grabbing headlines, ideological warfare against all things foreign is underway and China’s online world continues its descent into digital hell. As it nears its fourth month, the government is trying its level best to make clear that this mass line is the future. Since its … Continue reading

China: Guangzhou to empty labour camps


Guangzhou plans to empty its hard-labour camps by year’s end, state media reported yesterday, the latest locality to phase out the notorious punishment. Rights advocates have long complained that the “re-education through labour“, or laojiao, system which lets police send suspects to work camps for up to four years without trial, is widely abused to … Continue reading

Why China’s economy is wobbling


A $91 billion industrial project in China, mired in debt and unfulfilled promise, suggests part of the reason why China’s economy is wobbling – and why it will be hard to turn around. The steel mill at the heart of Caofeidian, which is outside the city of Tangshan, about 225 kilometres (140 miles) southeast of … Continue reading

China urges local governments to speed up spending to support the economy


China urged local governments on Thursday to speed up spending this year’s budget to support economic growth but said it would keep overall policy stable and focus on pushing through reforms. Beijing is reluctant to take broad action to stem a slowdown in the economy, such as relaxing monetary conditions, but analysts said there had … Continue reading

I.M.F. warns China to hasten economic change


China’s growth has slowed significantly in recent months. But even its current pace of expansion may not be sustainable, the International Monetary Fund warned on Wednesday, unless China starts making significant and systemic economic changes — and soon. “Since the global crisis, a mix of investment, credit and fiscal stimulus has underpinned activity,” the I.M.F. … Continue reading

China: Toxic chemicals found in “thousand-year-old eggs”


Thirty companies producing preserved eggs have been closed by authorities in Jiangxi province after a media exposé that toxic chemicals were used to speed up production, the country’s latest food-safety scandal. China National Radio reported yesterday that all eggs being processed at the plants in Nanchang county had been locked away for further testing, and … Continue reading

China launches Shenzou 10 manned spacecraft


On Tuesday, China took yet another step towards establishing itself as a major player in space. It’s latest manned spacecraft, known as the Shenzhou 10, departed the Jiuquan Satellite Launch Centre at the edge of the Gobi Desert, carrying three astronauts on what is planned to be a fifteen day mission that will see them … Continue reading

China’s economy stumbles in May, growth seen sliding in Q2


Risks are rising that China’s economic growth will slide further in the second quarter after weekend data showed unexpected weakness in May trade and domestic activity struggling to pick up. Evidence has mounted in recent weeks that China’s economic growth is fast losing momentum but Premier Li Keqiang tried to strike a reassuring note, saying … Continue reading

China invokes WWII document to warn Japan over “stolen territory”


The Chinese Premier has used his visit to the German city where Allied terms of surrender were dictated to Tokyo, to send a stark message on recent territorial disputes. Premier Li Keqiang made use of his visit to Germany to send a warning to Japan that no country would be allowed to violate the peace … Continue reading

China, Switzerland sign MOU on concluding Free Trade talks


In relations with China, symbols often have a greater importance than details of contracts. During the stay of Chinese Premier Li Keqiang in the Alpine country which he visited in 2010 as vice premier, Li has met political, business leaders and inked a series of important agreements. Li Keqiang held his first speech on European in … Continue reading

China offers India a ‘handshake across the Himalayas’


India and China will study new ways to ease tensions on their ill-defined border after an army standoff in the Himalayas, Chinese Premier Li Keqiang said on Monday on his first official foreign trip. The number two in the Chinese leadership offered New Delhi a “handshake across the Himalayas” and said the world’s most populous … Continue reading

China to lend $580 million to Sri Lanka


China Development Bank Corporation (CDB) will lend $580 million to Sri Lanka to help carry out key infrastructure projects. The loan will bring CDB’s total lending to Sri Lanka to more than $1.4 billion. China‘s increasing influence in the island nation has stoked concerns in neighboring India. According to the document, $300 million of the loan … Continue reading

China: Li Keqiang greets ‘key partner and friend’ India in New Delhi


Premier Li Keqiang arrived in New Delhi yesterday afternoon on the first leg of his maiden diplomatic trip, calling for deepening mutual trust and co-operation between the two Asian powers, which had a tense border stand-off last month. In prepared written remarks delivered on arrival, Li said China regarded India as a “key partner and … Continue reading

Indian foreign minister Salman Khurshid to visit China


India‘s Foreign Minister Salman Khurshid has said he will visit China in May amid tensions near the de facto border in the Himalayas. Mr Khurshid’s trip comes ahead of a scheduled visit by Chinese Premier Li Keqiang to India. It comes at a time when India has asked China to withdraw troops it says have … Continue reading

Australia won’t be drawn into ‘mythical’ US-China war says defence consultant


The view that war between the US and China is inevitable and that Australia will be drawn into such a conflict is a dangerous miscalculation, says defence white paper author Paul Dibb. The comments to be made tonight by Mr Dibb will follow those by Julia Gillard, who yesterday deplored “false modesty” in our relationship … Continue reading

China facing widening inequities and corruption


In spite of its spectacular rise as a global economic power, China is now grappling with concerns such as peasant income declining, widening inequity, worker unrest and corruption, farm productivity dwindling, according to Manoranjan Mohanty, political scientist and faculty member at the Council for Social Development, Delhi. Delivering the Founder’s Day lecture organised by the Madras Institute of Development Studies … Continue reading

The real cause and impact of China’s labour shortage


China continues to suffer a labour shortage in its key coastal manufacturing regions. This, no doubt, is impacting U.S. and other foreign companies operating in China. But the labour shortage is not due to a lack of available workers. Instead, it is prompted by Chinese government policies, as well as prevailing work and living conditions … Continue reading

China: Exodus of central leaders’ children from the US could forebode war


Hong Kong newspaper Ming Pao says in its exclusive report on March 22, “At the time around the 18th Congress of the Chinese Communist Party (CCP), quite a few CCP central leaders’ children conducting further study or having settled down in the United States returned home one after another. They included President Xi Jinping’s and … Continue reading

China heads back to the ’90s in economic reform drive


China is poised to launch its most serious economic reform drive since the 1990s after a series of top appointments at the weekend put the architects of Zhu Rongji‘s clash with state owned enterprises in charge of key economic agencies. Vice Premier Ma Kai, Finance Minister Lou Jiwei and central bank governor Zhou Xiaochuan were … Continue reading

China’s new premier vows to tackle pollution, but few details on how


Chinese Premier Li Keqiang pledged on Sunday that his government would “show even greater resolve” in tackling China’s festering pollution crisis, a source of increasing public fury. Li’s remarks at his debut press conference as premier were the highest-level public comments on the problem to date, though he gave few specifics about how the government … Continue reading

Where have China’s workers gone?


Xi Jinping and Li Keqiang are taking over China’s leadership at a time when growth has slackened and labour issues have become more complex. Reports that businesses such as Foxconn Technology Group are raising wages and struggling to recruit workers in China have intensified debate over just how many surplus workers the country still has. Meanwhile, … Continue reading

China’s leadership now dominated by intellectuals


Reuters publishes a report yesterday titled Analysis: From builders to managers: educating China’s leadership that provides many facts about Chinese leaders being well educated now. However, as it does not know Jiang Zeming’s coup that has substituted intellectuals’ dominance of the party for uneducated conservatives,’ described in my book “Tiananmen’s Tremendous Achievements,” it believes that … Continue reading

China: Lighting three fires or the dead hand of Deng?


As the months have progressed since Xi Jinping became General Secretary of the Chinese Communist Party, there has been intense public scrutiny into his current and potential actions. One day you can read an article saying he is not a reformer and all hope is lost, the next an article saying he will finally be … Continue reading

Where’s Bo Xilai? The case of China’s glamour couple


Compared to almost a year ago, the glamorous couple Bo Xilai and Gu Kailai have disappeared into oblivion. Bo Xilai – former ambitious mayor of the Manchurian port of Dalian and urbane Commerce Minister of China – had aspirated on the highest levels of power before his deep fall as power-conscious party leader in the megacity of Chongqing. In … Continue reading

China’s shrinking pool of workers may limit economy’s recovery


China’s growth rebound may be capped by a labour force squeeze and shrinking resources that leave the government satisfied with rates of expansion as low as half the peak during the past decade. A pace of 7 percent to 8 percent reflects economic forces, Ma Jiantang, head of the National Bureau of Statistics, said on … Continue reading

China plans emergency measures to control Beijing air pollution


Beijing is to unveil unprecedented new rules governing how China‘s capital reacts to hazardous air pollution, the official Xinhua news agency said, as deteriorating air quality threatens to become a rallying point for wider political dissatisfaction. The rules will formalize previous ad-hoc measures, including shutting down factories, cutting back on burning coal and taking certain … Continue reading

China faces bumpy road in push for economic growth


The mainland economy faces a year of transition as a new younger leadership has vowed to unleash growth through various economic reforms coupled with a push towards more urbanisation. However, the path ahead is likely to be bumpy and any changes probably will be more gradual than expected, market watchers say. The economy is likely … Continue reading

Chinese state secrets revealed: Details of leaders’ families


China’s top two leaders have revealed photographs and details of their families, breaking a long-held taboo where such information is considered a state secret. In a surprise move, clearly for boosting their public support, the official Xinhua news agency released previously unpublished photographs of Communist Party chief Xi Jinping and incoming premier Li Keqiang late … Continue reading

China economy shows signs of strength


China released a series of figures on Sunday showing continued economic strength as it prepares for new leaders tasked with sustaining the country’s dramatic growth. There was a double-digit increase in production at factories, workshops and mines for the first time since March, the National Bureau of Statistics said, a strong sign the country is … Continue reading

China pledges rural reforms to boost incomes, consumption


China will give farmers better protection over the land they till, raise their incomes and improve public services for them to help close the gap with urban areas and narrow the rich-poor divide. The government will ensure farmers earn “reasonable returns” from planting crops and increase agricultural subsidies, the official Xinhua news agency reported on Dec. … Continue reading

Change of guard, but no change in policy; an in-depth analysis from India


It is undeniable that the transfer of power to the fifth generation leadership at the 18th Congress of the Chinese Communist Party (CCP) has been smooth and orderly; especially the rule providing for the retirement of cadres above the age of 68 has been adhered to. A Xi Jinping era has indeed begun in China. … Continue reading

China’s Communist Party changes style in effort to win back ‘lost trust’


The Communist Party’s new leadership is certainly wielding a new broom when it comes to revamping the working style of top officials. Just over a fortnight after they assumed control of the world’s largest political party, general secretary Xi Jinping , Politburo Standing Committee No 2 Li Keqiang and party discipline chief Wang Qishan have … Continue reading

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