Fredag 5 december 2014

China Stocks Cap Best Weekly Rally Since 2009 on Record Volumes – Bloomberg

Shanghai Composite Index (SHCOMP) steg med 9,5 procent i veckan, den högsta ökningen sedan februari 2009. Anledningen till investerarnas optimism är spekulationer om att den kinesiska centralbanken kommer att sänka kraven för den lägsta nivån av reserver hos bankerna, något som tillsammans med de tidigare räntesänkningarna (24 november) skulle ge ett uppsving åt den kinesiska ekonomin. The rally is prompting strategists to raise their forecasts. The Shanghai index may climb about 17 percent from current levels to reach 3,400 in coming months, said Hao Hong, head of Chinaresearch at Bocom International Holdings Co. Aaron Boesky, the Chief Executive Officer of Marco Polo Pure Asset Management in Hong Kong, is even more bullish, predicting a rally to 5,000 next year if the government’s easier monetary policies have their intended effect on the economy.

China Bad-Loan Level Seen Understated After Economy Slows – Bloomberg

Enligt en ny bedömning från China Orient Asset Management Corporation kan andelen dåliga lån hos de kinesiska bankerna vara underskattad med upp till en tredjedel under årets andra kvartal. The level may have been 1.5 percent or above, China Orient Asset Management Corp. said in a report yesterday, citing its survey of 64 local bank executives. That compared with an official number of 1.08 percent. Banks’ bad loans jumped by the most since 2005 in the third quarter as the nation heads for the weakest economic expansion since 1990. Soured credit accounted for 1.16 percent of outstanding loans in the third quarter, data from the China Banking Regulatory Commission shows.

China Trumpets Rule of Law on First Constitution Day  – CDT

Igår — den fjärde december — höll Kina sin första officiella Konstitutionsdag i enlighet med ett beslut som fattades under kommunistpartiets fjärde plenum (29 oktober). Xinhua förklarar varför dagen är viktig: China’s first Constitution Day, which falls on Thursday, is more than a just another official ceremony as the country celebrates its development as a nation working toward the realization of the rule of law. Although there will be ceremonial arrangements, the day presents an opportunity to educate society about the Constitution. Students across the country will study the Constitution on Thursday morning and events will be organized to acknowledge Dec. 4, 1982, the day the current Constitution was adopted.

Xi Jinping’s rise in China threatens rights and worries neighbours, Obama warns – The Guardian

USA:s president Barack Obama menar att Xi Jinping under sin korta tid som Kinas president och kommunistpartiets generalsekreterare hunnit konsolidera makten till den grad att det i sig utgör ett hot mot mänskliga rättigheter och politiskt oliktänkande. Obama told members of the Business Roundtable that Xi “taps into nationalism that worries his neighbours” and that his consolidation of power carries inherent dangers “on issues of human rights, on issues of clamping down on dissent”. The US president said Xi “has consolidated power faster and more comprehensively than probably anybody since Deng Xiaoping”, referring to the Chinese leader who became “paramount leader” in the years following Mao Zedong’s death. “Everybody’s been impressed by [Xi’s] clout inside of China after only a year and a half or two years.”

Harvesting executed prisoners’ organs to end on Jan 1 – China Daily

Från och med den första januari 2015 ska Kina sluta använda sig av avrättade fångars organ för transplantationer, det uppger Huang Jiefu som är ordförande för den kinesiska kommittén för organdonationer. ”Harvesting organs from executed prisoners for transplants is controversial, despite written consent being required from donors and their relatives,” he said. ”The Chinese government has always been resolute in making efforts to end such practice. ”Donations by the public should be the only source of organs for transplants,” he stressed.

Thousands of Local Internet Propaganda Emails Leaked – CDT

En bloggare som kallar sig Xiaolan har läckt tusentals e-mails från ett lokalt myndighetskontor i staden Ganzhou, Jiangxi-provinsen. Xiaolan menar att innehållet dokumenterar hur det så kallade ”femtioörings-partiet” (五毛党) får betalt för att skriva kommentarer som är positivt inställda till partiet och staten samt attackera kritiker. Blogger “Xiaolan” has leaked an archive of the email communications of the Internet Information Office of Zhanggong District, Ganzhou City, Jiangxi from 2013 and 2014. The archive includes correspondence, photos, directories of “Internet commentators” (网评员), summaries of commentary work, and records of the online activities of specific individuals, among other documents. Over 2,700 emails are included in the archive, many of which include attachments of Microsoft Word documents. 

Can China Conquer the Internet? – ChinaFile

Expertdiskussion om den kinesiska modellen för internetkontroll. Rogier Creemers gör ett försök att se det hela i ett internationellt perspektiv, där trenden verkar gå emot ökad juridisk balkanisering (det som Kina kallar internetsuveränitet), cyberspionage och transnationellt övervakningssamarbete. Simultaneously, Internet governance is in flux at the international level as well. While a particular libertarian ethos still dominates much of the debate, the halcyon days of techno-optimism seem to be behind us. Scandals from Snowden (again) to the disclosure of personal (and indeed private) pictures of celebrities, concerns from data security and privacy to the prevention of cybercrime have thrown into sharp relief the possible harm that can be inflicted through Internet technology. Yet the sheer complexity of the topic makes the first stage of regime formation (framing and agenda setting) especially difficult. Different initiatives (such as the U.N.-sponsored Internet Governance Forum, the London process, and Netmundial) are taking place concurrently, highlighting the fact that even a consensus about the sort of process by which Internet governance should be realized, is far away—and China has made matters just a bit more difficult by adding yet another annual conference.



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