Tag Archives: China

China Urges North Korea To Be ‘Smart’ And Stop Its Missile Tests

China supported the UN resolution imposing new sanctions on North Korea.

A global pressure campaign on North Korea propelled by sharp new U.N. sanctions received a welcome boost Sunday from China, the North’s economic lifeline, as Beijing called on its neighbor to halt its missile and nuclear tests.

The Trump administration cautiously embraced China’s apparent newfound cooperation, while putting it on notice that the U.S. would be watching closely to ensure it didn’t ease up on North Korea if and when the world’s attention is diverted elsewhere. But there were no signs the U.S. would acquiesce to China’s call for a quick return to negotiations. AP

China delivered frank advice to North Korea, its outcast neighbor, on Sunday, telling Pyongyang to make a “smart decision” and stop conducting missile launches and nuclear tests.

The statement by Chinese Foreign Minister Wang Yi came on the heels of a U.N. Security Council decision to impose additional sanctions on North Korea and its exports, and suggested that the American push to further isolate the regime of Kim Jung Un is reaping some dividends. But Wang also called on the United States to dial back the tension.

After meeting with North Korea’s top diplomat during an Association of Southeast Asian Nations (ASEAN) gathering here in the Philippine capital, Wang said that the situation on the Korean Peninsula is critical — but that it could be a turning point for negotiations over North Korea’s nuclear proliferation.

“Do not violate the U.N.’s decision or provoke international society’s goodwill by conducting missile launching or nuclear tests,” Wang said after talks with Ri Yong Ho, North Korea’s foreign minister. Wang, however, quickly added, “Of course, we would like to urge other parties like the U.S. and South Korea to stop increasing tensions.” WashingtonPost

Norwegian And Chinese Nationals Executed By ISIS

ISIS claimed on Wednesday that it has executed both a Norwegian and a Chinese hostage they’d captured earlier this year.

Solberg and Foreign Minister Børge Brende condemned the “disgusting and barbaric” treatment of IS’ hostages at a press conference Wednesday evening. They dislosed that IS had sent photos and video of how they were beating Ole-Johan Grimsgaard-Ofstad, along with their demand for ransom earlier this year. News bureau AP reported on Wednesday that IS had announced the Norwegian and Chinese hostages’ executions in an online magazine, claiming both were killed after “infidel” countries and organizations had cut them off. NewsInEnglish.no

China vows to bring ISIS to justice.

isis-china-hostage

The Chinese Foreign Ministry has confirmed that Islamic State (IS, formerly ISIS/ISIL) has executed a Chinese national in the Middle East. The ministry has vowed to bring the perpetrators “to justice.”

China has confirmed the identity of the victim as Fan Jinghui. He had been previously identified by the terrorists as a 50-year-old freelance consultant from Beijing.

The man was apparently featured in the terrorist group’s magazine back in September, where he was mockingly put up for “sale” along with a Norwegian hostage. Both China and Norway refused to pay the ransom that the terrorists had demanded. RT

China’s Stock Markets Took A Tumble

For the third week China’s stock market continues to plunge.  This year China’s stock market showed signs of a bubble.  Stocks prices rallied as the economy was slowing becoming overvalued and detached from China’s economy.  The Chinese economy in the first quarter of 2015 saw the the lowest growth since 2009.

“There are four basic signs of a bubble: prices disconnected from underlying economic fundamentals, high levels of debt for stock purchases, overtrading by retail investors, and exorbitant valuations. The Chinese stock market is at the extreme end on all four metrics, which is rare.” WSJ

gdpchina

Chart from WSJ.

Over the last few years China relaxed regulation limits on buying stocks with borrowed money (margin trading).  The China Stock Market slump began in Jan. after a crackdown on margin trading.

China’s government is pulling out all the stops to support share prices: cut interest rates to a record low, brokerages buying billions worth of stocks,  suspension of new share listings.  In June with growing concerns of the plunging stock market  China Securities Regulatory Commission (CSRC) amended previously strict rules on margin trading.  China’s Stock Market reached it peak in June with a record $358 billion pile of margin debt (borrowed money).

The price of commodities like iron ore and copper have been affected.

For Australia, the market crash in China is likely to impact earnings on key exports iron ore and coal, further slashing government revenue, while also putting downward pressure on the Australian dollar.

Jordan Eliseo, chief economist with ABC Bullion, said it was important to remember that the amount of wealth Chinese citizens have tied up in the stock market is relatively minor compared with western investors.

Stocks only make up about 8 per cent of household wealth in China, compared with around 20 per cent in developed nations.

“The market crash there is generating headlines, but it’s not going to have the same impact as a comparable crash would in a developed market,” he said.

“What it means for Australia, though, is it’s very clear there are some serious imbalances in the Chinese economy, and the rate of growth they’ve enjoyed in the past is over. There’s no question our export earnings are going to take another hit.”

Mr Eliseo predicts Australia is likely to experience “recession-like” conditions such as negative wage growth for many years to come. “I believe that’s going to be the new norm,” he said. NewsAU

Christians Outnumber Communist in China

china_christiansThere is a religious revival in China, 100 million Christians live in China and by 2030 China could have the largest population of Christians.

China’s reaction to the growing number of Christians is divided with some local officials supportive of Christians. China’s repressive regime persecutes Christians and is trying to establish a state religion “Chinese Christian theology” suitable for the country. China has engaged in a campaign to eradicate unregistered Protestant churches, demolished a mega church in Wenzhou-China’s largest Christian city, and removed the Cross from churches in cities where Christians are concentrated, in a campaign to ‘de-Christianize’ the skyline.

Though the Chinese Communist Party is the largest explicitly atheist organization in the world, with 85 million official members, it is now overshadowed by an estimated 100 million Christians in China. It is no wonder Beijing is nervous and authorities are cracking down on Christian groups.

Christianity is growing so fast in China that some predict that it will be the most Christian nation in the world in only another 15 years. By far, the greatest growth is coming outside the official state-sanctioned churches, which are rightly considered subservient to the Communist Party. Numbers are increasing, rather, in unofficial Protestant “house churches” and in the underground Catholic church. Continue reading Christians Outnumber Communist in China

Chinese “New” Christian Theology

China wants to establish a “Chinese Christian theology” suitable for the country.  Wang Zuoan, a senior official for religious affairs, says China supports the development of Christianity within the country. but “the construction of Chinese Christian theology should adapt to China’s national condition” and “should be compatible with the country’s path of socialism”, the state-backed China Daily reports.

Sanjiang Church
Sanjiang Church

China’s government is engaged in a chilling three-phase campaign to eradicate unregistered Protestant churches, reports Charisma Magazine.  The Chinese government is also targeting registered churches and their leaders.  In Wenzhou, one of China’s most Christian cities, the government de-Christianized the skyline by removing crosses from churches , demolishing churches and arresting Christians.  Sanjiang Church in Wenzhou, an impressive eight-stories with a congregation numbering in the thousands was bulldozed by the government.

A Chinese Christian theology is state created with the world-view of China’s communist government.  China has a  five-year  government plan to promote its version of Christianity that will  promote “correct” Christian theology with a “range of publications, exchanges, discussions and evangelism”, reported the Hindustan Times.

This new “Chinese Christian theology,” a Chinese Christian authority Gu Mengfei explained the year-old Chinese push to promote “correct” Christian theology encourages pastors and laypeople alike to extract moral teachings in line with Biblical times and with other religious faiths, reports The Week . China is taking the moral teachings in Christianity and leaving all the rest. No theology.  No salvation .  China’s government is co-opting Christianity making the state god.

Chineses Scientists Question Tearing Down 700 Mountains to Build Cities

Yan'an, China
Yan’an, China

Population boom in cities in mountainous regions of China has led to a project to level more than 700 mountains in China’s Gansu province and other provinces, to make room for urban development.  Two years into the project Chinese scientists at Chang’an University have questioned the undertaking.

 

This is reminiscent of an ancient Chinese fable, ‘The Foolish Old Man who Removed the Mountains’. In the tale, a 90-year-old man convinces his disbelieving neighbour that he can dig away, stone by stone, two mountains that block the way from his house. Because he succeeds (albeit with the help of deities) the fable is often cited — including by Mao Zedong — to illustrate the power of perseverance. But in our view, China should heed the story’s title: earth-moving on this scale without scientific support is folly.

The tearing down of mountains was embarked on with little review of the cost and benefits of land creation.  In Yan’an, much of the soil excavated from mountains and used to fill the valley is loess, a silty soil that subsides when wet.  Building on loess, loamy deposits, is not the best choice.  

Continue reading Chineses Scientists Question Tearing Down 700 Mountains to Build Cities

China and Russia sign natural gas deal worth $400B

Vladimir Putin
Russian President Vladimir Putin

China and Russia signed a major 30-year natural gas deal on Wednesday that would send gas from Siberia by pipeline to China.

There are other projects developing between China and Russia in the fields of aviation.  Combining Russian design with the production capacities of China could lead to superiority over U.S. technological. With these deals in the works it is not surprising that Russia responded to U.S. sanctions by cutting off exports of the rocket engines the U.S. used to launch military satellites.

Continue reading China and Russia sign natural gas deal worth $400B