Archive for the ‘Hu Jintao’ Category

China, Japan Cancel Summit: Islands, Oil Remain Sticking Point

March 17, 2009

Japan’s Premier Taro Aso will not visit China this month, Japanese government officials said Tuesday, following earlier reports that Tokyo and Beijing were trying to schedule a summit in March.

“We’ve been coordinating with China to hold the meeting as soon as possible, but we now recognise that realising it in March is difficult,” Chief Cabinet Secretary Takeo Kawamura told reporters.

AFP

No firm dates had been announced by either government, but Japanese officials had told reporters both sides were trying to schedule Aso’s meetings with China’s President Hu Jintao and Premier Wen Jiabao for late March.

The foreign ministry denied a Japanese media report Tuesday that China had postponed the meetings because of anger over Aso’s recent comments on the disputed Senkaku Islands, called the Diaoyu Islands by China.

“Between Japan and China, top government officials have visited each other on five occasions since last year,” an official said. “Foreign Minister (Hirofumi) Nakasone also visited Beijing earlier this month.”

“The relationship between China and Japan is very good right now.”

Aso last month said in parliament that Japan would ask the United States to defend the East China Sea archipelago, which is also claimed by Taiwan, in case of an attack, drawing a sharp rebuke from Beijing.

Aso and China’s leaders are set to attend the April 2 Group of 20 financial summit in London, where they could meet on the sidelines.

Related:
 China Violates Accord with Japan, Continues Oil Work At Sea
.
China Warship Rushes to Disputed Islands, Oil Beneath: Ace To Other Nations’ Claims?


China drill at sea

A file Philippine Air Force photo shows Chinese built structures ... 
A file Philippine Air Force photo shows Chinese built structures on the Mischief Reef in the disputed Spratly islands in the South China Sea. China on Monday defended its move to send a patrol ship to the disputed Spratly islands, saying it was not a violation of an agreement to maintain the peace in the area.(AFP/PAF/HO/File)

China’s Economic Might, Arrogance Should Cause Caution in the West

March 13, 2009

China has so much cash in reserve that they are funding their own economic stimulus — and with their own money; not borrowed cash.

China is also funding the American economic stimulus by buying American Treasury bills and other debt.

Cinese leaders are gloating to some extent about the stupidity of American leaders who do not have the cash reserves so carefully put aside by China.  Many Chinese leaders also scoff at the tom foolery of most Americans who have such debt ridden lives, with mortgages, credit card debt, a loan for the car and a college loan still outstanding.

But what the Chinese leaders don’t talk about is that few Chinese have cars, nice homes and college degrees….

So Chinese arrogance about American debt is sometimes confused by envy for many things American….

And China has expressed some concern about the spend-crazy Americans.

Premier Wen Jiabao “We have loaned a huge amount of money to the United States,” Wen said at a news conference in Beijing. “Of course, we are concerned about the safety of our assets. To be honest, I’m a little bit worried. I would like for you [a Western reporter] to call on the United States to honor its word and stay a credible nation and ensure the safety of Chinese assets.”

This came at about the same time that United Nations Secretary General Ban Ki-moon called the U.S. a “deadbeat” nation.

Expect China to exert more influence over U.S. economic and foreign policy, just as Barack Obama is claiming the right to dictate policy to banks who took his bailout money.

China holds about $1 trillion in U.S. debt and will likely “buy” about $1 trillion more — especially if Obama and Nancy Pelosi demand another stimulus package.

Chinese arrogance and wealth is unmistakable, pervasive and in some ways very troubling for the West.

China is using its vast wealth and the current global recession as an opportunity to buy up natural resources at bargain prices.  China is building a world-class military complete with a global navy and an aircraft carrier.  And China is not afraid to confront the likes of the U.S. just as it did on the high seas last weekend….

We can expect China to continue to grow and dominate Asia, the Pacific and wherever they choose to go.

This US Navy file photo shows the military Sealift Command ocean ... 
This US Navy file photo shows the military Sealift Command ocean surveillance ship USNS Impeccable (T-AGOS-23). Five Chinese vessels maneuvered dangerously close to a US Navy ship in the South China Sea on Sunday, March 8, 2009, approaching within 25 feet of the unarmed surveillance ship, the Pentagon said.(AFP/NVNS)

Related:
China’s Love/Hate Relationship With The U.S

Obama Wasting America’s Strategic World Power; China Surges Despite Economy
.
Era of Obama, American Weakness Emboldens Russia, China, Iran, North Korea, Terrorists

 Global Economy Weakness Leading To Social Unrest

Stimulus: China Will Fund U.S. Debt But “We Hate You Guys”

http://edition.cnn.com/2009/WORL
D/asiapcf/03/13/china.wen/index.html

Behind the U.S. and China At Sea Incident

Pelosi’s Stimulus II? Lawmakers Propose No Cost, High Employment Energy Package

China Buying Oil, Uranium, Gold, Other Products At Bargain Prices

Russia, “Desperate For Cash,” Sells Oil to China In “Very Bad Deal”

China Making It Clear: Won’t Roll Over, Do Tricks for Barack, Hillary

March 12, 2009

By staging an international icedent at sea last weekend with the USNS Impeccable, China has made claer it will not roll over and do tricks for Barack Obama and Hillary Clinton.

China won’t play dead either: it is very much alive and holds the notes on most U.S. debt and soon to hold even more.

China and Russia have formed and alliance that will not abide any lip from the United States.

There may be “business as usual” in Washington DC and a nation awash in pork barrel spending thanks to earmarks: but China and Russia see a new era of American weakness and aim to make gains during this period….

Related:
Barack, Hillary: Moronic “Reset” Idea for Relations With Russia

Behind the U.S. and China At Sea Incident

 China Provoked Obama; Now Works To Smooth Situation: Why?
.
 China’s Love/Hate Relationship With The U.S.

Era of Obama, American Weakness Emboldens Russia, China, Iran, North Korea, Terrorists

 Russia Sees Obama, U.S., Others As “Weak,” “Naive”

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Reuters
March 11, 2009

Chinese President Hu Jintao urged the military to “staunchly defend” national sovereignty in comments published days after a brief confrontation with a U.S. Navy ship.

Hu’s comments to People’s Liberation Army officers, published in the official People’s Daily Thursday, did not mention the PLA Navy’s run-in Sunday with a U.S. Navy survey ship off the Chinese island province of Hainan.

 

There have been no signs that Beijing wants to expand the dispute, in which China says the U.S. ship violated its sovereignty by monitoring waters in its exclusive economic zone.

Washington has said its ship, the Impeccable, was in international waters.

Chinese Foreign Minister Yang Jiechi, visiting Washington, said Wednesday that relations were “at a new starting point and have important opportunities to develop,” the ministry website (http://www.fmprc.gov.cn) reported.

But Hu, who also serves as Communist Party chief and supreme military leader, made it clear that Beijing does not want to be seen as bowing to others.

“Vigorously advance modernisation of national defence and the military,” Hu said Wednesday, speaking to PLA officers attending the annual session of the Party-run parliament.

“Staunchly defend national sovereignty, security and territorial integrity and provide a powerful support and assurance for protecting national development interests and broad social stability.”

Read the rest:
http://uk.reuters.com/article/world
News/idUKTRE52B1VF20090312?fe
edType=RSS&feedName=worldNews

Related:

Buffett: Obama not at war; has toxic message machine on economy

53% Say It’s Likely the U.S. Will Enter a Depression

Obama Reelection Effort Begins

Obama: Playing not to lose

Stimulus: “Buy American” Retained; Sure To Anger International Partners

February 14, 2009

Congress approved protectionist measures in a $789 billion stimulus bill Friday that U.S. trading partners have warned could spark a trade war.

Associated Press

The bill, however, left the Obama administration some room to maneuver to appease other countries who say it will benefit U.S. companies unfairly.

The stimulus bill was approved by the House Friday afternoon and by the Senate later in the evening. It now goes to President Barack Obama who is expected to sign into law quickly.

Major partners, including the European Union and Canada, say the legislation favoring U.S. steel, iron and manufactured goods for government projects could undermine pledges by the leaders of major economies not to resort to perfectionism during the world economic downturn.

Requirements known as “Buy American” were softened as the bill progressed through Congress and after strong criticism from abroad. Senate and House negotiators agreed to a version that would require the government not to violate trade agreements when implementing the law.

The bill also allows the Obama administration and state governments to waive requirements to favor U.S. companies if they deem it in the U.S. public interest and if they publish a justification.

The dispute has put Obama in a difficult position. While campaigning last year, he raised questions whether U.S. trade agreements contained sufficient protection for labor and environmental standards. He has warned recently, however, about antagonizing trading partners and has made clear that passage of the overall stimulus bill is needed urgently to mend the U.S. economy.

In several television interviews last week, he said the stimulus package should not include protectionist language that could trigger a trade war. But now that it does, he is likely to sign it anyway. The measures appear, however, to give the administration discretion about how to implement spending decisions, given the requirement of meeting trade obligations.

Read the rest:
http://www.foxnews.com/politics/elections/2009/
02/13/congress-approves-protectionist-measure-
spark-trade-war/

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President Obama visited the Caterpillar factory in East Peoria, Illinois this last week.

Caterpillar says it pays $100,000 in tariffs on each piece of heavy equipment it exports to Columbia, because the U.S. Congresss has failed to pass the free trade agreement….

Now with this “buy American” provision in the stimulus it is likely the U.S. will find trouble with other trading partners…

Related:
 Pastor Obama Continues With Holy Stimulus, But The Congregation Isn’t Buying

Why Europe No Longer In Obama Camp Over Stimulus
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China’s leader Hu Jintao cautioned President Obama about the “buy American” provision in the economic stimulus plan during a phone conversation.

Related:
CNN:
http://edition.cnn.com/2009/POLITIC
S/02/05/senate.buy.american/index.html

 “Buy American” Sounds Good; Carries An Unbearable Down Side

Obama Caught Between World Leaders, Congress, U.S. Voters on “Buy American”

 Dallas Federal Reserve Chief, China, Germany All Call Protectionism “Death”

China announced that President Hu Jintao, seen here in 2008, ...
President Hu Jintao of China (AFP/File/Louisa Gouliamaki)

Made in china.jpg

China Drought “Red Alert”

February 5, 2009

China has declared an emergency in eight northern and central drought-hit regions, where nearly four million people are suffering water shortages.

Nearly half of China’s winter crop – some 10m hectares (24m acres) of wheat and rape seed – are also under threat.

President Hu Jintao and Premier Wen Jiabao ordered all-out efforts to fight the drought, allocating 400m yuan ($58m, £40m) in relief assistance.

BBC

China’s drought relief office called it an event “rarely seen in history”.

China faces droughts and floods annually but has seen a recent increase in extreme weather conditions.

The Chinese authorities say the current drought is expected to continue as no rain has been forecast in the affected areas for at least 10 days.

‘Red alert’

The Chinese leaders’ decision was announced at a State Council meeting, according to the Xinhua news agency.

Government efforts should be directed at stabilising grain production, increasing farmers’ income and ensuring agricultural production, the Council said.

The agriculture ministry says it is on red alert.

Read the rest:
http://news.bbc.co.uk/2/hi/asia-pacific/7871964.stm

Senate Votes “Softened” “Buy American” Section in Stimulus

February 5, 2009

A “Buy American” provision in the stimulus bill crafted by the House of Representatives may have sounded like good economic thinking that would keep money flowing to U.S. workers — but it violates international trade agreements and could have sparked a trade war with America’s overseas allies and friends.

Last night, the U.S. Senated voted to soften the “Buy American” part of the stimulus so that it won’t violate the United States’ existing trade treaties.

Senator John McCain wanted the entire “Buy American” pledge removed from the bill but he was overruled.

There was intese pressure to remove the “Buy American” language directed at the U.S. from China, Germany, Britain and other trade partners.

China’s leader Hu Jintao cautioned President Obama about the “buy American” provision in the economic stimulus plan during a phone conversation.

Related:
CNN:
http://edition.cnn.com/2009/POLITIC
S/02/05/senate.buy.american/index.html

 “Buy American” Sounds Good; Carries An Unbearable Down Side

Obama Caught Between World Leaders, Congress, U.S. Voters on “Buy American”

China announced that President Hu Jintao, seen here in 2008, ... 
President Hu Jintao of China (AFP/File/Louisa Gouliamaki)

Economy Sparking Protectionism, Global Trade Disputes?

February 1, 2009

The world may be on the brink of a gentler kind of trade war.

By Anthony Faiola
The Washington Post

In 1930, Congress fired the first shot in a protectionist battle that prolonged and deepened the Great Depression. After passing a bill aimed at saving American jobs by effectively barring 20,000 imported goods, including French dresses and Argentine butter, other nations retaliated by raising their own barriers on U.S. products, effectively bringing global commerce to a halt.

In the aftermath, organizations like the World Trade Organization sought to ensure that never happened again. Nations agreed to put on economic straitjackets permitting them to raise tariffs within hard-fought limits. That is likely to help prevent a repeat of the devastating and overt trade wars seen during the Great Depression, since it is now far harder for nations to increase tariffs on a wide array of imports at once.
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But there remains a surprising amount of wiggle room in international trade and commerce treaties, and that, analysts say, is where the battle is now being fought as leaders worldwide face intense pressure at home to protect domestic jobs in the deepening financial crisis. They are engaging in a more subtle form of protectionism that often skirts those rules.

This weekend at the World Economic Forum in Davos, Switzerland, the annual event drawing the world’s leaders, luminaries of industry, commerce and philanthropy, a host of dignitaries raised a crescendo of alarm over growing economic nationalism. “We will resolutely fight protectionism,” Japanese Prime Minister Taro Aso told reporters there, giving voice to the general sentiment.

Yet even as leaders call for nations to do the right thing on the international stage, actually doing it at home is proving far tougher.

British Prime Minister Gordon Brown, for instance, delivered a particularly impassioned plea for nations to remain on the path of free trade yesterday. “This is not like the 1930s. The world can come together,” he said. However, back in Britain, the government is directing British banks with global operations now being rescued with taxpayers’ dollars to boost lending to British businesses and citizens first.

Read the rest:
http://www.washingtonpost.com/wp-dyn
/content/article/2009/01/31/AR20090
13101895.html?hpid=topnews

Related:
Obama Forced to Rethink “Buy American” in Stimulus After Hits from China, Germany, Others

Global Economy Sparks Protests; Governments Fear Greater “Social Unrest”

Obama Forced to Rethink “Buy American” in Stimulus After Hits from China, Germany, Others

January 31, 2009

President Barack Obama’s administration will examine a “buy American” requirement in economic stimulus legislation that has raised concern among U.S. trading partners, White House press secretary Robert Gibbs said.

The administration “will review that particular provision,” Gibbs said today at his regular briefing. The president’s advisers understand “all of the concerns that have been heard, not only in this room, but in newspapers produced both up north and down south.”

He refused to say whether the administration supported or opposed keeping that part of the legislation intact. Nor did he say what the president would do if the provision remains once the bill clears the House and the Senate.

The issue may cloud Obama’s trip to Canada on Feb. 19, his first journey outside U.S. borders as president. Officials in Canada, the top U.S. trade partner, are criticizing a part of legislation that passed the U.S. House of Representatives Jan. 28 that requires the use of U.S.-made iron and steel in infrastructure projects.

“U.S. protectionism is about to make Canada’s recession a lot worse,” Ralph Goodale, house leader for the opposition Liberal Party, said today in Parliament.

Read the rest:
http://www.bloomberg.com/apps/news?pid=2
0601087&sid=a37pHeTuz_HA&refer=worldwide

Global Economy Sparks Protests; Governments Fear Greater “Social Unrest”

January 31, 2009

Americans just started a new presidency but in China, Russia, France, Iceland and Britain, some leaders already fear that the worsening global economy will result in calls for new governments with new leaders and ideas.

Protesters in Rusia’s eastern most industrial hub and seaport, Vladivostok, called this week for new government leaders because of the economic down turn.

Opposition groups led by Communists protested the economic policies of the Russian government in the eastern city of Vladivostok on Saturday.
James Hill for The New York Times

The protest was peaceful; but more protests are planned.  And previous protests like this one in Russia ended in violence and the police making dozens of arrests. 

The crowd called for the replacement of Dmitri Medvedev and Vladimir Putin, Russia’s top leaders, for mismanaging the economy.

On Saturday protesters held demonstrations throughout Russia, offering largely subdued, but pointed criticism of the government’s economic policies as the country continues to sink deeper into an economic morass, the New York Times said.

In Britain, Prime Minister Gordon Brown is under fire.  He is currently taking heat for a jobs and rights protest that stems from his pledge that “British jobs need to be British.”
.
Thousands of workers across Britain have walked off their jobs following protests over the use of foreigners at a Lincolnshire oil refinery.

On Saturday, the number of strikers multiplied, with hundreds of energy workers across the UK protesting — and with lines of police around them.

And millions of Chinese have gone home for the Spring Festival or New Year and told not to return to their jobs.  China is so worried about domestic unrest that it has started its largest anti-democracy crackdown ever: specifically targeting the media and Internet.

“People have this psychology of crisis,” said Victor Yuan, chairman of Beijing-based consultant Horizon Research Consultancy Group, which does polling for the private sector and the government.

Horizon’s latest survey showed consumer confidence at its lowest since the outbreak of severe acute respiratory syndrome, or SARS, in 2003.

“The real, real winter for the Chinese economy hasn’t come yet,” said Chen Jian, chairman of Hangzhou Hengwei Investment Co., which has business in restaurants, real estate and trading.

In France, President Sarkozy can’t get away from the jeers and shouts of protestors when he makes public appearances.  He has taken to firing public officials that  don’t keep protesters far away from the President’s ears.

A crowd of 300,000 protested in Paris this week in the largest protest in 10 years, some said.

null 
Paris this week

Countries such as France and Greece have been hit by riots and strikes as militant unions demand protectionist measures to keep out foreign rivals.

And both Germany and China expressed fears of American protectionism this week.  Angela Merkel of German told audiences at the economic conference in Davos that the U.S. auto bailout hurts the global economy and spells a new era of protectionism from the U.S.  China’s Hu Juntao told President Barack Obama that the “buy American” provision in the stimulus was rank protectionism and needed to be scuttled.

The economy has made the entire world more tense.

The French Finance Minister Christine Lagarde said, “We’re facing two major risks: one is social unrest and the second is protectionism.”

“We need to restore confidence in the systems and confidence at large,” she added.

Christine Lagarde
Lagarde

Former U.N. Secretary-General Kofi Annan says the world body needs to be reorganized in view of the economic crisis.

“The current architecture of managing global affairs is broken and needs to be fixed,” Annan said.

The worldwide economic recession has exposed a “crisis of global governance” that can only be addressed by the radical reform of the United Nations, said Mr. Annan.

And Britain’s Prime Minister Gordon Brown has called on world leaders to set about reforming international financial institutions to prevent a repeat of the circumstances that led to the current financial crisis.

“We’ve got to be far bolder and far more imaginative,” Brown said. “We want to create a global society. But we need to have global institutions that work and the problem is the institutions we built 60 years ago are out of date.”

By John E. Carey
Wakefield Chapel, Virginia

The BBC on Russian Protests:
http://news.bbc.co.uk/2/hi/europe/7862370.stm

Related:
Britain:
 Oil refinery strikes: Protests over foreign workers

France’s Sarkozy Getting Testy Amid Public Disapporval, Fires Public Servants

China, Germany Both Pressure Obama on Protectionism

Kofi Annan: Global Economy Tells Us, New forms of government needed

From CNN:
http://www.cnn.com/2009/BUSINESS/0
1/31/davos.wef.brown/index.html

http://www.cnn.com/2009/BUSINESS/0
1/30/britain.refinery.strikes/index.html

Paris:
http://www.belfasttelegraph.co.uk/news/
world-news/300000-protest-in-paris-14
162666.html?r=RSS

China, Germany Both Pressure Obama on Protectionism

January 31, 2009

China’s president urged better ties with the United States in his first phone conversation with President Barack Obama, and called for both sides to resist trade protectionism, Beijing said Saturday.

Friday’s conversation, 11 days into Obama’s presidency, followed sharp exchanges between the two sides over China’s currency policy, amid criticisms that China manipulates its yuan to boost its exports overseas.

AFP

An account of the conversation issued by the Chinese foreign ministry quoted President Hu Jintao telling Obama that China would work toward a “more constructive China-US relationship.”

Hu told Obama China welcomed US efforts to shore up the American economy, but warned against moves toward protectionism, the statement said.

“We hope to strengthen communication and coordination on macroeconomic policy and firmly resist trade protectionism,” Hu was quoted saying.

Read the rest:
http://news.yahoo.com/s/afp/20090131/w
l_asia_afp/uschinadiplomacyobamahu_200
90131055621

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Germany’s Merkel Working With China To Stop Protectionism

Reuters

 German Chancellor Angela Merkel said on Thursday her country and China would avoid protectionism and maintain last year’s trade volumes in 2009.

“Despite the economic situation we have undertaken with China to at least maintain our trade volume if not increase it,” Merkel said at a joint news conference with Chinese Premier Wen Jiabao.

Wen was in Berlin as part of a European tour to discuss cooperation in solving the international financial crisis.

China, the world’s third-largest economy, has slowed much more sharply than expected due to the financial crisis, as wilting U.S. and European demand have hurt its export sector.

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“Don’t let’s lose sight of what creates wealth. It is open markets, it is capitalism,” News Corp CE Rupert Murdoch said yesterday.

Business Day
http://www.businessday.co.za/articles/frontpage.aspx?ID=BD4A927967