Archive for the ‘Wen’ Category

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

March 13, 2009

China has a love-hate-envy relationship with the United States.

The Chinese people love American culture and can’t get enough of the American movies, videos, and music — much of it on the internet.

Yet the Chinese government blocks much of the internet because the cultural trends of these same Chinese people, most of them young and with growing affluence, worries older leaders in Beijing.

China envys the U.S. and its powerful military and almost unchallenged influence in the world.  Leaders crave such influence and dispatched the first ever long-range naval mission far from China in modern times when ships went to fight piracy near Somalia last December.

China is building an aircraft carrier, its first ever, and the incident at sea between Cninese ships and USNC  Impeccable last weekend was no accident.  China wants the U.S. and the world to know that it is claiming sovereignty over a vast expanse of sea.

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)

China aslo loves and fears the U.S. dollar.

China has so much reserve money that it has to be invested, and in many ways, that almost always has meant buying U.S. Treasuries.

China has invested almost $1 billion in U.S. bonds.

This huge holding has to worry the Chinese since the crash of the stock market and the global economic recession — which the Chinese blame on U.S. debt and greed.

Luo Ping, a director-general of the China Banking Regulatory Commission, tried to explain how China feels about the recession and China’s continuing purchases of U.S. debt:

“We hate you guys. Once you start issuing $1 trillion-$2 trillion… we know the dollar is going to depreciate, so we hate you guys but there is nothing much we can do….

Ping, “whose English tends towards the colloquial,” according to the Financial Times’ Henny Sender, also asked “Except for US Treasuries, what can you hold? Gold? You don’t hold Japanese government bonds or UK bonds. US Treasuries are the safe haven. For everyone, including China, it is the only option.”

The global recession means China’s exports have ground to a halt and along with that, many factories and factory jobs stand idle.

About 20 million  Chinese people, many of them migrant laborers, returned home last January and are out of work.  China is rushing aid to the unemployment and fears social unrest.

The Independent (UK) reported in early March:

“China’s growth has dropped from 13 per cent in 2007 to 6.8 per cent in the most recent quarter. The rapid slowdown in the global economy, and in the US in particular, has hit China’s export-led economy, which has been at the heart of wider Asian growth in recent years. While extremely high compared with growth levels in mature economies, the slower pace is well below the 8 per cent the Government needs to create jobs for the millions of rural workers heading for China’s cities.The slowdown has left 20 million rural labourers unemployed, with 7 million college graduates also seeking work. The authorities are desperate to stop sporadic clashes between police and protesting workers turning into more general unrest against the Communist Party.”

But the recent economic woes of the United States undoubtedly worry the Chinese — and it is not a surprise that Premier Wen Jiabao said on Friday, “We have loaned a huge amount of money to the United States,” said Wen 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.”

John E. Carey
Wakefield Chapel, Virginia

China's Premier Wen Jiabao gestures as he answers a question ... 
China’s Premier Wen Jiabao gestures as he answers a question at a news conference at the Great Hall of the People in Beijing March 13, 2009.REUTERS/Jason Lee (CHINA POLITICS SOCIETY)

Related:
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

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Man Charged With Public Disorder for Shoe Throwing At Chinese Premier

February 3, 2009

The man that threw a shoe at China’s Premier Wen Jiabao has been charged with a “public order offense” and is expected to stand trial before a Cambridge Magistrates’ Court on February 10.

He could face up to 6 months in prison or a £5,000 fine, the UK’s Crown Prosecution Service said in London.

The throwing of the shoe was seen as a protest of Chinese policies supported by Mr. Wen.

In China, the state controlled media told the Chinese public only that there had been an incident.  The shoe throwing was not further described.

Wen went to Britain to talk economic issues following the Davos international financial forum last week.

He was met on Sunday by “Free Tibet” protesters.
[chinese premier wen jiabao] 

Chinese Premier Wen Jiabao, Photo: Associated Press

CNN:
http://edition.cnn.com/2009/WORLD/euro
pe/02/03/china.uk.shoe.thrower.court/index.html

Related:
 Free Press: Shoe Thrown At China’s Wen Not The Mega Media Event Bush’s Shoe Seemed

Brits May Double Exports To China To Halt Recession

Free Press: Shoe Thrown At China’s Wen Not The Mega Media Event Bush’s Shoe Seemed

February 3, 2009

China has a nice way of dealing with criticism.  They ignore it.

Rather, they make it go away.

In the state controlled Chinese media the shoe thrown at China’s Premier Wen this week in London never happened.

Oh, something happened.  The Chinese just can’t say what.

Mr. Wen was also not accosted by a pro-Tibet freedom group in London….

You can’t buy loyalty like this with a free press….And China knows it.

The shoe landed several meters from Wen Jiabao.

The shoe landed several meters from Wen Jiabao. It landed a million miles from the Chinese media…

A pro-Tibet protester runs past a police cordon outside the Chinese Embassy in London.

Protest in Wen’s face: a pro-Tibet protester runs past a police cordon outside the Chinese Embassy in London on Sunday.

******

By HENRY SANDERSON, Associated Press Writer

BEIJING – China’s foreign ministry and media on Tuesday denounced a man who hurled his shoe at the country’s premier and called him a dictator on a visit to Britain — all while avoiding explicit descriptions of the protest itself.

Foreign Ministry spokeswoman Jiang Yu called the disruption of Premier Wen Jiabao’s speech “despicable” during a press conference but said it would not “stem the tide of friendly relations between China and Britain.” She didn’t mention shoes.

Unlike the now-famous incident when an Iraqi reporter threw his shoes at former President George W. Bush in December, covered widely not only in China but around the world, state-run newspapers and Web sites in China carried stories on Wen’s speech but did not directly mention the shoe-throwing.

China’s state-run CCTV network reported Foreign Ministry comments, which acknowledged a “disturbance” during the speech, but made no mention a shoe had been thrown at Wen.

The official Xinhua News Agency issued a story saying that Britain apologized for an incident and that China had “expressed its strong feelings against the occurrence of the incident.” However, it did not say what the incident was.

Read the rest:
http://news.yahoo.com/s/ap/20090203
/ap_on_re_as/as_china_britain_shoe_4

Related:
http://edition.cnn.com/2009/WORLD/e
urope/02/02/china.uk.shoe.protest/i
ndex.html

China Discovers Compensation for Pain, Agony; But Don’t Expect Much

January 26, 2009

Unemployed: China will help out.  Loved ones lost in the earthquake?  China will pay.  Kids killed by poisoned milk: not to worry.

China’s Prime Minister Wen Jiabao just visited survivors of last May’s earthquake which devastated large parts of Sichuan province last year to help them celebrate the Lunar New Year or Spring Festival.

Many Chinese lost family members, children and friends in the earthquake, along with their homes, jobs and towns.

Related:
China Premier’s gifts to Europe come with price-tags

Wen cooked spicey Chinese stew and handed out money to some earthquake victims.  The cooking was done in a government tent shelter.

Above: Prime Minister Wen Jiabao in Sichuan Province, in a photo distributed by the official Chinese news agency. Yao Dawei/Xinhua, via Reuters

China’s state run media said about 75 million earthquake victims got the equivalent of $15.00 to help them celebrate the New Year.  Per family.

Isn’t this called “papering over” trouble?
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China’s state-run Xinhua news agency also announced on Monday that the government is to help train as many as one million jobless college graduates over the next three years.

Graduates will also be offered small loans to help them start their own businesses.

Let’s hope it’s more than fifteen bucks.

Experts say there are more than 20 million newly unemployed people in China, many of them migrants.  China is worried that unemployment will cause social unrest.

But analysts say the education and job-start programs show the government’s increasing concern with rising unemployment.

Tomorrow Mr. Wen travels to Europe to pass out goodies.

There hasn’t been an earthquake in Europe unless you count the global economic melt-down.

Lets hope fifteen U.S. dollars doesn’t buy China any loyalty in Paris, London and elsewhere.  Oh, excuse us, Paris is not on Mr. Wen’s itinerary….

President Sarkozy’s love of the Dalai Lama cost him at least $15.00….and China’s love….

Related from the BBC:
http://news.bbc.co.uk/2/hi/asia-pacific/7850726.stm

China celebrates New Year:
http://news.yahoo.com/s/ap/20090126/ap_o
n_re_as/as_china_new_year_2

http://www.france24.com/en/20090125-
global-crisis-dampens-china-new-year-
celebrations

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The China Dairy Industry Association has claimed that 90 percent families of the victims in the country’s tainted milk scandal have been compensated.

Without disclosing the compensation amount, the association said that families of 262,662 children who were sickened after drinking the melamine-contaminated milk products had signed compensation agreements and accepted compensation, the chinaview.com reports.

Out of the families of six dead children and 891 other infants, all except two had accepted compensation, the association said. However, families of 23,651 sickened children have yet to be reached mainly because of wrong or untrue registration of names, it added.

There are only a handful of families of sickened children who want to realize their rights and interests by filing lawsuits and did not accept compensation, it said.

The Chinese Health Ministry has confirmed deaths of six infants who died after consuming contaminated milk products, whereas 296,000 infants suffered kidney stones and other urinary problems.

In a letter sent to victims last month, Sanlu Group which was at the center of the scandal along with 21 other dairy companies, offered 200,000 yuan for families whose children died and 30,000 yuan for serious cases such as kidney stones and acute kidney failure. The less severe case victims got 2,000 yuan as damage.

The dairy companies have also set up a fund to pay the medical liabilities of the sickened children until they reach the age of 18.Read the rest from ANI and New Karala:
http://www.newkerala.com/topstory-fu
llnews-81131.html

Related:
http://www.npr.org/templates/story/sto
ry.php?storyId=99002599