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China: US currency bill would have repercussions

Posted by Admin on October 9, 2011

http://news.yahoo.com/china-us-currency-bill-repercussions-090135830.html

By SCOTT McDONALD – Associated Press | AP – Wed, Oct 5, 2011

BEIJING (AP) — China stepped up its criticism Tuesday of a proposed U.S. law to punish countries with artificially low currencies, saying there would be serious repercussions for the world’s two biggest economies if it is passed.

The criticism comes after U.S. senators voted Monday to open a week of debate on the bill that would allow the government to impose additional duties on products from countries that subsidize exports by undervaluing their currencies.

How worried China is about the proposed law can be seen by the fact that the Foreign Ministry, the Commerce Ministry and central bank all issued statements denouncing it.

But the legislation faces considerable hurdles before it becomes law. The Obama White House, while agreeing that China’s currency, the yuan, is undervalued, has been wary of unilateral sanctions against the Beijing government.

Chinese Foreign Ministry spokesman Ma Zhaoxu said the Senate move “seriously violated WTO rules and seriously disturbed China-U.S. trade and economic relations.”

Ma said China is reforming how it manages the yuan and that since June 2010 it had increased in value by 7 percent compared to the dollar.

He repeated Chinese comments that the exchange rate is not the cause of America’s big trade deficit with China.

Ma said in a statement that China is the fastest growing export market for the United States and trade is important to both sides.

“The Chinese side appeals to the U.S. side to abandon protectionism and not to politicize trade and economic issues, so as to create a favorable environment for the development of China-U.S. economic and trade ties,” Ma said.

Supporters of the legislation say it would create new jobs and boost the U.S. economy, but China, and some in the United States, say it could trigger a damaging trade war.

The Chinese central bank warned the proposed law would not fix the economic problems in the United States and could cause more serious problems.

If the bill passes, it “cannot resolve insufficient saving, the high trade deficit and the high unemployment rate in the U.S., and it may seriously affect the progress of China’s exchange rate reform and may lead to a trade war, which we do not want to see,” the bank said.

Commerce Ministry spokesman Shen Danyang said China has taken measures to increase U.S. imports and added Beijing hopes “the U.S. side can make positive efforts in substantially relaxing restrictions on exports to China.”

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China urges Libya to protect its investments

Posted by Admin on August 28, 2011

http://in.finance.yahoo.com/news/China-urges-Libya-protect-ians-4025460516.html

Indo Asian News Service, On Wednesday 24 August 2011, 10:29 AM

Beijing, Aug 24 (IANS) China has urged Libya to protect its investments after a Libyan rebel said Chinese oil companies could suffer following the ouster of Muammar Gaddafi.

Wen Zhongliang, deputy head of the ministry of commerce’s trade department, said the information manager at the rebel-run oil firm AGOCO, Abdeljalil Mayouf, had said Russian and Chinese firms could lose out on oil contracts for failing to back the rebellion against Gaddafi.

‘China’s investment in Libya, especially its oil investment, is one aspect of mutual economic cooperation between the two countries, and this cooperation is in the mutual interest of both the people of China and Libya,’ Wen was quoted as saying by the Shanghai Daily.

‘We hope that after a return to stability in Libya, Libya will continue to protect the interests and rights of Chinese investors and we hope to continue investment and economic cooperation with Libya,’ he said.

China last year obtained three percent of its imported crude from Libya. About 150,000 barrels of oil per day – about one tenth of Libya’s crude exports – were shipped to China in 2010.

Yin Gang, an expert on the Arab world at the Chinese Academy of Social Sciences in Beijing, said Abdeljalil Mayouf’s warning may not represent the position of an emerging, post-Gaddafi government in Tripoli.

‘This was one individual’s opinion. I can say in four words – They would not dare. They would not dare change any contracts,’ said Yin.

‘Libya is still in a state of chaos and hasn’t formed a government. There are certainly different views among the rebels,’ he said.

The Libyan embassy in Beijing has reportedly switched to the red, black and green flag of the rebel group.

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China protests against U.S. spy flights near its coast: report

Posted by Admin on July 28, 2011

http://news.yahoo.com/china-protests-against-u-spy-flights-near-coast-144948889.html

By Ben Blanchard | Reuters – 3 hrs ago

BEIJING (Reuters) – China warned that recent U.S. surveillance flights near the Chinese coast have severely harmed strategic mutual trust and were a major obstacle hindering military ties between the two countries, state media reported Wednesday.

Admiral Mike Mullen, chairman of the U.S. Joint Chiefs of Staff, vowed Monday to press ahead with surveillance flights near China despite opposition from Beijing, following reports that Chinese jets crossed a boundary with Taiwan to pursue a U.S. spy plane.

Two Chinese Sukhoi-27 fighters last month briefly crossed a line in the center of the Taiwan Strait that is considered an unofficial air boundary between both sides. Asian media reported the Chinese jets were attempting to intercept a U.S. U-2 reconnaissance plane.

“We demand that the U.S. respect China’s sovereignty and security interests and take concrete measures to boost a healthy and stable development of military relations,” the Global Times newspaper quoted the Ministry of National Defense as saying.

Xinhua news agency later quoted ministry spokesman Geng Yansheng as saying the reconnaissance missions “have severely undermined mutual trust and remained a major obstacle to the development of military ties.”

The comments followed Mullen’s visit to China two weeks ago, part of efforts to improve ties with the People’s Liberation Army. Their ties have been rocky, with China unhappy with U.S. reconnaissance patrols near its coast and is suspicious of its bases in South Korea and Japan.

China’s rapid military buildup and territorial disputes in the South China Sea have also sparked concerns in the region.

The United States for its part wants greater military transparency from China over its military modernization, and has warned about China’s growing missile and cyber capabilities.

Self-ruled Taiwan, claimed by China as part of its sovereign territory, has been another major irritant in Sino-U.S. military relations. China has been furious about a 2010 package of U.S. arms sales to Taiwan worth up to $6.4 billion.

(Reporting by Ben Blanchard; Editing by Ron Popeski)

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TV report of China leader's death fuels political rumor mill

Posted by Admin on July 8, 2011

http://news.yahoo.com/tv-report-china-leaders-death-fuels-political-rumor-092510202.html

By Benjamin Lim and Sui-Lee Wee | Reuters – 23 hrs ago

BEIJING (Reuters) – Chinese state media denied rum ours on Thursday that former president Jiang Zemin had died after a Hong Kong television station said he had, sparking a wave of speculation about a leadership transition due next year.

“Recent reports of some overseas media organizations about Jiang Zemin’s death from illness are pure rumor,” the official Xinhua news agency quoted “authoritative sources” as saying.

Jiang, 84, is in poor health. Three sources with ties to China’s leadership told Reuters that he is in intensive care in Beijing at the No. 301 military hospital after suffering a heart attack.

In the opaque world of Chinese politics, the health of a leader is fodder for rumors about how the balance of power is shifting at the highest levels of the government.

Current President Hu Jintao retires from office from late next year in a sweeping leadership overhaul, and the rumors about Jiang’s health underscore the uncertainties around this.

Hong Kong’s Asia Television interrupted its main newscast on Wednesday evening to announce solemnly that Jiang had died, and followed with a brief profile. It kept up the news for several hours on a ticker and then said it would air a special report on Jiang’s life late in the evening.

It later canceled the report, and withdrew the ticker after failing to get official confirmation.

On Thursday afternoon, the television station issued a statement to apologize to its audience and Jiang’s family.

“Asia Television has taken note of this afternoon’s report from Xinhua and has withdrawn last night’s report about Mr. Jiang Zemin’s death and would like to apologize to our audience and Mr. Jiang Zemin’s family,” the statement said.

Meanwhile, the Shandong News website (www.sdnews.com.cn) in northeast China posted a black banner with white characters, saying “Our Respectable Comrade Jiang Zemin Is Immortal.” The site was no longer accessible on Thursday.

China’s foreign ministry spokesman Hong Lei deflected numerous questions about Jiang at a regular news briefing, saying Xinhua had already made a full explanation and that he had nothing further to add.

Searches on a popular Chinese micro-blogging site with terms ranging from “Jiang Zemin” to the Yangtze River (Jiang’s surname means “river”), are blocked, a sign that China’s censors are concerned about public debate about his health.

Premature reports about the demise of Chinese leaders are hardly new. In the 1990s, Hong Kong and Japanese media reported several times that paramount leader Deng Xiaoping had died.

UNCERTAINTY FOR JIANG ALLIES

Jiang Zemin’s passing — on the surface at least — would likely have limited impact on the direction of China’s politics and economic development.

He retired long ago, handing over the Communist Party’s top job to Hu in 2002 and his other posts over the next two years. Hu and Premier Wen Jiabao have since led the country on a decade-long charge that saw it grow from an economy the size of Britain to one that has surpassed Japan.

But the prospect of Jiang’s passing would add a breeze of uncertainty to a transition that is widely thought to hand power from Hu to a new generation led by Xi Jinping, currently vice president. That would take place at the 18th Communist Party Congress expected sometime in the autumn of 2012.

Xi, anointed as Hu’s heir apparent at the congress in 2007, was considered acceptable to both the Hu and Jiang camps.

But in China, the death of a senior leader can be cause for worry, and even spell disaster, for proteges and allies who are no longer protected.

Hu would no longer have Jiang acting as a counterweight to his influence over the future make up of the next leadership.

“New leaders are selected by old leaders,” Zheng Yongnian, professor of Chinese politics at the National University of Singapore. “He’s one of the important selectorate. After he passes away, other current leaders will become more influential.”

He could also settle scores or take down other rivals with links to Jiang, if necessary.

Past leaders can have considerable clout in China. Deng wielded power as paramount leader despite having given up all his posts except the honorary chairman of the Chinese bridge association.

Jiang consolidated his own grip on power after Deng died in 1997. By the time Jiang retired his last post — as head of the military commission — in 2004, he had already stacked the Politburo with his people.

“Front and back, left and right, up and down. No matter where Hu looks, there is a Jiang man,” said one source at the time the leadership line-up was announced back in 2002.

In Jiang’s case, there are quite a few allies still in place in the leadership who might now have cause for concern, should Hu assert himself.

“If he dies, the situation becomes very delicate,” said one source with ties to leadership circles who requested anonymity given the sensitivity of the subject.

Among the Jiang allies still in senior posts are: Wu Bangguo, parliament chief and the second ranking person in the nine-member Politburo Standing Committee; Jia Qinglin, who heads a parliamentary advisory body and is ranked fourth; and Li Changchun, who oversees propaganda and ideology and is ranked fifth.

How exactly it will play it out, is unclear. With the Party Congress only about 15 months away, Hu’s window to further consolidate his grip on power is considerably shorter than Jiang had as he prepared to step down.

(Writing by Brian Rhoads; Additional reporting by Alison Leung in HONG KONG and Ben Blanchard in BEIJING,; Editing by Don Durfee and John Chalmers)

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Widescreen: Longest bridges in world

Posted by Admin on July 2, 2011

http://in.news.yahoo.com/big-picture–longest-bridges-in-world.html;_ylt=AvH.UX7Nt7IR0e6V3_T2.tdh_t5_;_ylu=X3oDMTNoY2k3cG9zBHBrZwNjOGNlNmI0YS0yMzVlLTM0YjItYmU1My02Mjc5MTMwZjk0ZTIEcG9zAzIEc2VjA01lZGlhRmVhdHVyZWRDYXJvdXNlbAR2ZXIDMThmZmQxNTQtYTQ3Yy0xMWUwLThjZWUtODNhYThmNTMwNWVj;_ylg=X3oDMTMyczVlMjA2BGludGwDaW4EbGFuZwNlbi1pbgRwc3RhaWQDNDM0NTQ1YTMtYzU2NC0zOTZjLWJlYjItNWY3YTYzMjQ3NjkzBHBzdGNhdANob21lfHdpZGVzY3JlZW4EcHQDc3RvcnlwYWdl;_ylv=3

The world’s longest cross-sea bridge, spanning 36.48 kilometers across the mouth of the Jiaozhou Bay in China’s eastern Shandong province, opened to traffic four years after construction started. Here’s a peek into some of the world’s longest bridges.

Lake Pontchartrain Causeway

Located in Louisiana, United States, the Lake Pontchartrain Causeway, consists of two parallel bridges that run parallel to each other. The bridges are supported by 9,500 concrete pilings and spans over 38.35 kilometres. The southern terminus of the Causeway is in Metairie, Louisiana, a suburb of New Orleans. The northern terminus is at Mandeville, Louisiana.

Donghai Bridge

Completed on December 10, 2005, the Donghai Bridge has a total length of 32.5 kilometres and connects Shanghai to the Yangshan port in China. The ‘Donghai Bridge’ is popularly known as ‘The stone’.

Chesapeake Bay Bridge

The Chesapeake Bay Bridge is a four lane bridge that connects the Delmarva Peninsula’s Eastern Shore of Virginia with Virginia Beach and the metropolitan area of Hampton Roads, Virginia. The bridge has a total length of 37 kilometres.

Vasco da Gama Bridge

The Vasco da Gama Bridge is a cable bridge with a total length of 17.2 kilometres. The bridge was opened to traffic on 29 March, 1998. The bridge spans across the Tagus River near Lisbon, Portugal.

Penang Bridge

The Penang Bridge opened to traffic on September 14, 1985 and connects Gelugor in Penang island and Seberang Prai to mainland Malaysia. The total length of the bridge is 13.5 kilometres.

Rio-Niteroi Bridge

The Rio-Niteroi Bridge is a box girder bridge that connects the cities of Rio de Janeiro and Niteroi. The bridge opened on March 4, 1974 and the total length of the bridge is 13 kilometres.

Confederation Bridge

The 12.9 kilometre long bridge opened on 31 May 1997, connecting the Prince Edward Island with New Brunswick, Canada. The Confederation bridge is a two-lane highway toll bridge.

San Mateo-Hayward Bridge

Commonly known as the San Mateo Bridge, the San Mateo-Hayward Bridge connects San Francisco Peninsula with the East Bay. The total length of the bridge is 11.265408 kilometres.

Seven Mile Bridge

The Seven Mile Bridge is is located between the Gulf of Mexico and the Florida Strait. Finished in 1982 at a cost of $45 million, the Seven Mile Bridge connects city of Marathon in the Middle Keys of Florida to Little Duck Key in the Lower Keys of Florida.

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China dismisses U.S. call on Tiananmen anniversary

Posted by Admin on June 5, 2011

http://news.yahoo.com/s/nm/20110604/wl_nm/us_china_tiananmen

People walk past a replica of the Goddess of ...
 People walk past a replica of the Goddess of Democracy as they enter Hong Kong‘s Victoria Park
By Ben Blanchard and James Pomfret 1 hr 33 mins ago

BEIJING/HONG KONG (Reuters) – China dismissed a U.S. call for it to free dissidents and fully account for the victims of the bloody Tiananmen crackdown, on the anniversary of the crushing of the pro-democracy uprising 22 years ago.

The date on which troops shot their way into central Beijing in 1989, killing hundreds, was not publicly marked in mainland China. The democracy protests in Tiananmen Square and elsewhere remain taboo for the ruling Communist Party, especially this year after calls for an Arab-style “jasmine revolution.”

In Hong Kong, tens of thousands lit candles, held jasmine flowers and chanted for a fully democratic China in a night vigil to mark the anniversary and condemn Beijing’s human rights abuses and curbs on freedoms.

The State Department said China must release all those still jailed for their participation in the 1989 protests.

“We ask the Chinese government to provide the fullest possible public accounting of those killed, detained or missing,” deputy spokesman Mark Toner said.

At least five people remain in jail for taking part in the protests.

Chinese Foreign Ministry spokesman Hong Lei, in a statement carried by the official Xinhua news agency, said the U.S. comments “groundlessly accused the Chinese government.”

“We urge the U.S. side to abandon its political bias and rectify wrong practices to avoid disturbing China-U.S. relations.”

The president of democratic Taiwan, the island China claims as its own and has never renounced the use of force to recover, said Beijing should follow Taipei’s example and reform politically.

“We urgently hope the mainland Chinese authorities will have the courage to undertake political reforms and promote the development of freedom, democracy, human rights, and rule of law,” President Ma Ying-jeou said in a statement.

On Saturday, Tiananmen Square was packed with tourists as normal, with no obvious signs of extra security.

“I didn’t agree with the method of the protest, making a disturbance on the square,” said a 60-year-old Beijing resident who gave her family name as Chen. “But I think there should be a way for people to express what’s on their mind.”

“VOICE FOR CHINA”

In a Hong Kong park however, some 150,000 people made a plea for Beijing to atone for the June 4 crackdown, an event given added poignancy this year by a heavy clampdown on dissent.

“We want to express that we’ve never given up,” said Andy Wong, who was at the vigil with his wife and two kids. “When there’s a big turnout it shows that we (Hong Kong) still care.”

Hong Kong, a former British colony handed back to China in 1997 with a promise of a high degree of autonomy, has remained a beacon for the overseas Chinese pro-democracy movement.

“Hong Kong is now playing a more important role when the whole of China is silenced,” said Lee Cheuk-yan, a pro-democracy lawmaker and one of the organizers. “We are the voice for China and we’ll spread the message for democracy,”

Dissidents in China, meanwhile, said controls over them had been strengthened.

“I can’t come out today. I’ve been kept at home. But I’ll be fasting for the day, like I do every June 4 anniversary,” said Zhou Duo.

Zhou was one of four activists who negotiated with troops to evacuate Tiananmen Square of student-protesters in 1989, avoiding much bloodshed on the square itself on June 4. He was later jailed for his role in the protests.

“Of course, sooner or later June 4 will be reassessed and rehabilitated. That’s inevitable. History can never be completely erased.”

Zhang Xianling, who lost her son in the Tiananmen protests, said she had been allowed out to visit her son’s grave, but was being followed and was not allowed to go as part of a group with other bereaved parents, as she has done in the past.

“It shows that even after all these years, China is still limiting human rights,” Zhang said.

After the crackdown, the government called the movement a “counter-revolutionary plot,” but has more recently referred to it as a “political disturbance.”

Recent unrest in Inner Mongolia and explosions in two provinces sparked by social grievances have also ruffled authorities as the leadership prepares to hand over power to a new generation at a Party Congress next year.

(Additional reporting by Chris Buckley, Ken Wills and K.J. Kwon in Beijing, Paul Eckert in Washington, James Pomfret, Xavier Ng and Justina Lee in Hong Kong, and Jonathan Standing in Taipei; editing by Robert Birsel and Andrew Roche)

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China's wheat crop at risk, world wary

Posted by Admin on February 14, 2011

Wheat Field [E-X-P-L-O-R-E-D]

http://timesofindia.indiatimes.com/world/china/Chinas-wheat-crop-at-risk-world-wary/articleshow/7490455.cms

Subodh Varma, TNN, Feb 14, 2011, 12.34am IST

NEW DELHI: There is bad news on the global food front. In an alert issued this week, the Food and Agriculture Organisation (FAO) warned that more than two-thirds of China‘s gigantic wheat crop may be under risk “because of substantially below-normal rainfall” this winter.

The affected areas in the northern plains of China produced over 75 million tonne of China’s total production of 112 million tonne of wheat last year. Any shortfall in Chinese production would have serial effects on availability and prices of wheat around the world.

Global food prices have been silently climbing upward through the past six months and with production and consumption very finely balanced, any disruption in production may wreak havoc with prices. Already, food prices are touching the record levels set in 2008 although prices of rice—the world’s largest staple food— are still below those levels.

High food prices have been feeding growing restlessness and anger in a swathe of countries including West Asia. Egypt had experienced an 18.5% rate of inflation driving up prices of all food commodities except bread which is subsidized by the government to the tune of $1.5 billion annually. This was a major contributory factor to the 18-day uprising that dislodged the three-decade-long dictatorship of Hosni Mubarak. Protests against high food prices have taken place in Oman, Israel and Jordan and have contributed to political unrest in Yemen, Tunisia and Algeria.

Wheat flour prices were 16% higher than a year ago in China driven by fears of drought. The Chinese government has announced a $1.96-billion package to fight drought, including attempts to create artificial rain by cloud seeding.

Apart from staples, sugar prices are running at 30-year highs. Weather-related disruption in Australia, Brazil and China has caused international refined sugar prices to reach 35.6 cents per pound. The average price for sugar in 2010 was 27.78 cents per pound. The last time sugar prices reached these sky-high levels was in 1980.

Meanwhile, the World Sugar Committee, representing leading traders, wrote to the ICE futures commodity exchange blaming parasitic speculators for the high prices of sugar.

Nervous governments across the world are trying to stem the tide in different ways. Several countries in West Asia are stocking up on foodgrain. Iraq, where agricultural production has declined considerably, has placed orders for 300,000 tonne of wheat from the US, with options for another 100,000 tonne. Jordan and Lebanon submitted tenders for 100,000 tonne and 22,500 tonne respectively. Algeria, Tunisia and Saudi Arabia too placed large orders recently. Others, like Russia, have banned exports. Vietnam has devalued its currency, the dong, by 9% to curb inflation.

All these point to an impending crisis in food availability and prices that could lead to further turmoil globally.

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China knows less about NKorea than thought

Posted by Admin on November 30, 2010

Logo used by Wikileaks

BEIJINGChina knows less about and has less influence over its close ally North Korea than is usually presumed and is likely to eventually accept a reunified peninsula under South Korean rule, according to U.S. diplomatic files leaked to the WikiLeaks website.

The memos — called cables, though they were mostly encrypted e-mails — paint a picture of three countries struggling to understand an isolated, hard-line regime in the face of a dearth of information and indicate American and South Korean diplomats’ reliance on China’s analysis and interpretation.

The release of the documents, which included discussions of contingency plans for the regime’s collapse and speculation about when that might come, follows new tensions in the region. North Korea unleashed a fiery artillery barrage on a South Korean island that killed four people a week ago and has since warned that joint U.S.-South Korean naval drills this week are pushing the peninsula to the “brink of war.”

The shelling comes on the heels of a slew of other provocative acts: An illegal nuclear test and several missile tests, the torpedoing of a SouthKorean warship and, most recently, an announcement that in addition to its plutonium program, it may also be pursuing the uranium path to a nuclear bomb.

The memos give a window into a period prior to the latest tensions, but they paint a picture of three countries struggling to understand isolated and unpredictable North Korea.

In the cables, China sometimes seems unaware of or uncertain about issues ranging from who will succeed North Korean leader Kim Jong Il to the regime’s uranium enrichment plans and its nuclear test, suggesting that the North plays its cards close to its chest even with its most important ally.

Questioned about the enriched uranium program in June last year, Chinese officials said they believed that was program was “only in an initial phase” — a characterization that now appears to have been a gross underestimate.

China is Pyongyang’s closest ally — Beijing fought on the northern side of the Korean War and its aid props up the current regime — and its actions have often served to insulate North Korea from foreign pressure. It has repeatedly opposed harsh economic sanctions and responded to the latest crises by repeating calls for a return to long-stalled, six-nation denuclearization talks that the North has rejected.

But China would appear to have little ability to stop a collapse and less influence over the authorities in Pyongyang than is widely believed, South Korea’s then-vice foreign minister, Chun Yung-woo, is quoted telling American Ambassador Kathleen Stephens in February.

China lacks the will to push Pyongyang to change its behavior, according to Chun, but Beijing will not necessarily oppose the U.S. and South Korea in the case of a North Korean collapse.

China “would be comfortable with a reunified Korea controlled by Seoul and anchored to the US in a ‘benign alliance’ as long as Korea was not hostile towards China,” Chun said.

Economic opportunities in a reunified Korea could further induce Chinese acquiescence, he said.

The diplomatic cables warn, however, that China would not accept the presence of U.S. troops north of the demilitarized zone that currently forms the North-South border.

Chinese Foreign Ministry spokesman Hong Lei said China would not comment specifically on the cables.

“China consistently supports dialogue between the North and South sides of the Korean peninsula to improve their relations,” Hong said at a regularly scheduled news conference.

In the leaked cable, Chun predicts the government in Pyongyang would last no more than three years following the death of ailing leader Kim Jong Il, who is seeking to transfer power to his youngest son Kim JongUn, a political ingenue in his 20s.

Chun also dismisses the possibility of Chinese military intervention if North Korea descended into chaos.

Despite that, China is preparing to handle any outbreaks of unrest along the border that could follow a collapse of the regime. Chinese officials say they could deal with up to 300,000 refugees, but might have to seal the border to maintain order, the memos say, citing an unidentified representative of an international aid group.

Chinese officials are also quoted using mocking language in reference to North Korea, pointing to tensions between the two neighbors in contrast to official statements underscoring strong historical ties.

Then-Deputy Foreign Minister He Yafei is quoted as telling a U.S. official in April 2009 that Pyongyang was acting like a “spoiled child” by staging a missile test in an attempt to achieve its demand of bilateral talks with Washington.

U.S. Secretary of State Hillary Rodham Clinton said Monday that WikiLeaks acted illegally in posting the leaked documents. Officials around the world have said the disclosure jeopardizes national security, diplomats, intelligence assets and relationships between foreign governments.

Five international media organizations, including The New York Times and Britain’s Guardian newspaper, were among those to receive the documents in advance. WikiLeaks is also slowly posting all the material on its own site.

 

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Signs of diplomacy in NKorea crisis

Posted by Admin on November 30, 2010

Coat of Arms of North Korea

Coat of Arms - North Korea

SEOUL, South Korea – A supercarrier sent jets into overcast skies Tuesday in U.S.-South Korean military drills that North Korea warned could spark war, but signs of diplomacy emerged alongside the tensions over last week’s deadly North Korean attack.

The North’s only major ally, China, hosted a top North Korean officialfor talks, and Japan also planned to send an envoy to China. The U.S., South Korea and Japan agreed to talk next week in Washington about the North’s nuclear weapons and its Nov. 23 artillery barrage that killed four South Koreans.

It was unclear if the Beijing visit by North Korea’s Choe Thae Bok, chairman of the North’s Parliament, would lead to any diplomatic solution. China, under pressure to rein in its ally, proposed emergency regional talks earlier this week, but South Korea, the United States and Japan gave a cool response.

Even as diplomats scrambled, leaked U.S. diplomatic cables revealed signs of a rift in the relationship between China and North Korea, a striking contrast from official statements underscoring their strong historical ties.

Documents from the whistle-blowing website WikiLeaks showed China’s frustration with the North and speculated that Beijing would accept a future Korean peninsula unified under South Korean rule.

The North, meanwhile, reminded the world it was forging ahead with its nuclear efforts. Pyongyang said Tuesday that it’s operating a modern uranium enrichment plant equipped with thousands of centrifuges. The main Rodong Sinmun newspaper said in an editorial that the North is also building a light-water reactor.

The North first revealed the uranium program in early November to a visiting American scientist. A light-water nuclear power reactor is ostensibly for civilian energy purposes, but it gives the North a reason to enrich uranium. Uranium enrichment would give the North a second way to make nuclear bombs, in addition to its known plutonium-based program.

North Korea has pushed for renewed international talks on receiving much-needed aid in return for commitments to dismantle nuclear programs, and its recent aggression could reflect frustration that those talks remain stalled.

The North unleashed an artillery barrage last week on a South Korean island that hit civilian areas, marking a new level of hostility along the contested maritime border between the Koreas. The attack killed two civilians and two marines.

In a major address Monday, South Korean President Lee Myung-bak pledged a tough response if the North carries out any further attacks.

Kim Keun-sik, a North Korea analyst at South Korea’s Kyungnam University, said sides in the standoff will have competing ideas on how to resolve tension.

“North Korea and China will want to resolve the matter through a dialogue,” he said, “while South Korea and the U.S. will say ‘Why negotiate at this time?’ and think about pressure and punitive measures” on the North.

The Wikileaks documents further complicate the diplomatic picture.

China, the documents show, “would be comfortable with a reunified Korea controlled by Seoul and anchored to the US in a ‘benign alliance’ as long as Korea was not hostile towards China,” then-South Korean vice-foreign minister, Chun Yung-woo, is quoted as telling U.S. ambassador to South Korea Kathleen Stephens in February.

Chun predicted the government in Pyongyang would last no more than three years following the death of ailing leader Kim Jong Il, who is seeking to pass power to son Kim Jong Un, an untested political newcomer in his 20s.

In Seoul, government officials declined to comment on Chun’s reported comments.

During Tuesday’s U.S.-South Korean military drills, a heavy fog engulfed the USS George Washington supercarrier. The carrier’s fog horn boomed out as U.S. aircraft took off and landed in quick succession.

Cmdr. Pete Walczak said the ship’s combat direction center was closely monitoring any signs of ships, aircraft of any other activity and that nothing unusual was detected from North Korea.

“Absolutely nothing,” Walczak said. “A lot of saber-rattling, fist-shaking, but once our presence is here, reality says that it’s really nothing.”

The North’s propaganda machine warned that the drills could trigger a “full-blown war” on the peninsula. “Our republic has a war deterrent that can annihilate any aggressor at once,” the government-run Minju Joson said.

On the streets of the North Korean capital, Pyongyang, North Koreans spoke with pride of their military.

“Those who like fire are bound to be punished with fire,” Kim Yong Jun, a Pyongyang resident, told international broadcaster APTN.

A rally in Seoul, meanwhile, drew several thousand protesters who burned North Korean flags and called for the overthrow of Kim Jong Il. “We’ve had enough,” said Kim Jin-gyu, 64, adding that North Korea deserves punishment. “We should just smash it up.”

Yonhap news agency reported that Choe, the North Korean official, was expected to meet top Chinese communist party officials and discuss last week’s artillery barrage, the North’s nuclear program and the U.S.-South Korean military drills.

China has sought to calm tensions by calling for an emergency meeting among regional powers involved in six-party nuclear disarmament talks — the two Koreas, the U.S., China, Russian and Japan — which have been stalled since last year.

Seoul, however, wants proof of Pyongyang’s commitment to denuclearization as well as a show of regret over the March sinking of a warship.

Japan rejected a new round of aid-for-disarmament talks any time soon, but announced Tuesday that a nuclear envoy would travel to China. Tokyo provided no further details

___

Santana and Kelly Olsen reported from aboard the USS George Washington. AP writers Foster Klug, Kim Kwang-tae and Ian Mader in Seoul, Christopher Bodeen in Beijing, and photographer Jin-man Lee in Yeonpyeong contributed to this report.

 

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G-20 refuses to back US push on China's currency

Posted by Admin on November 13, 2010

Foto Oficial de Líderes del G-20

Group of Twenty (G-20) Nations

SEOUL, South Korea – Leaders of 20 major economies on Friday refused to back a U.S. push to make China boost its currency’s value, keeping alive a dispute that raises fears of a global trade war amid criticism that cheap Chinese exports are costing American jobs.

A joint statement issued by the leaders including President Barack Obama and China’s Hu Jintao tried to recreate the unity that was evident when the Group of 20 rich and developing nations held its first summit two years ago during the global financial meltdown.

But deep divisions, especially over the U.S.-China currency dispute, left G-20 officials negotiating all night to draft a watered-down statement for the leaders to endorse.

“Instead of hitting home runs sometimes we’re gonna hit singles. But they’re really important singles,” Obama told a news conference after the summit.

Other leaders also tried to portray the summit as a success, pointing to their pledges to fight protectionism and develop guidelines next year that will measure the imbalances between trade surplus and trade deficit countries.

The G-20’s failure to adopt the U.S. stand has underlined Washington’s reduced influence on the international stage, especially on economic matters. In another setback, Obama also failed to conclude a freetrade agreement this week with South Korea.

The biggest disappointment for the United States was the pledge by the leaders to refrain from “competitive devaluation” of currencies. Such a statement is of little consequence since countries usually only devalue their currencies — making it less worth against the dollar — in extreme situations like a severe financial crisis.

The statement decided against using a slightly different wording favored by the U.S. — “competitive undervaluation,” which would have shown the G-20 taking a stronger stance on China’s currency policy.

The crux of the dispute is Washington’s allegations that Beijing is artificially keeping its currency, the yuan, weak to gain a trade advantage.

U.S. business lobbies say that a cheaper yuan costs American jobs because production moves to China to take advantage of low labor costs and undervalued currency.

A stronger yuan would shrink the U.S. trade deficit with China, which is on track this year to match its 2008 record of $268 billion, and encourage Chinese companies to sell more to their own consumers rather than rely so much on the U.S. and others to buy low-priced Chinese goods.

But the U.S. position has been undermined by its own central bank’s decision to print $600 billion to boost a sluggish economy, which is weakening the dollar.

Also, developing countries like Thailand and Indonesia fear that much of the “hot” money will flood their markets, where returns are higher. Such emerging markets could be left vulnerable to a crash if investors later decide to pull out and move their money elsewhere.

Obama said China’s currency policy is an “irritant” not just for the United States but for many of its other trading partners. The G-20 countries — ranging from industrialized nations such as U.S. and Germany to developing ones like China, Brazil and India — account for 85 percent of the world’s economic activity.

“China spends enormous amounts of money intervening in the market to keep it undervalued so what we have said is it is important for China in a gradual fashion to transition to a market based system,” Obama said.

The dispute is threatening to resurrect destructive protectionist policies like those that worsened the GreatDepression in the 1930s. The biggest fear is that trade barriers will send the global economy back into recession.

The possibility of a currency war “absolutely” remains, said Brazilian Finance Minister Guido Mantega.

Friday’s statement is also unlikely to resolve the most vexing problem facing the G-20 members: how to fix a global economy that’s long been marked by huge U.S. trade deficits with exporters like China, Germany and Japan.

Americans consume far more in foreign goods and services from these countries than they sell abroad.

The G-20 leaders said they will try to reduce the gaps between nations running large trade surpluses and those running deficits.

The “persistently large imbalances” in current accounts — a broad measure of a nation’s trade and investment with the rest of the world — would be measured by what they called “indicative guidelines” to be determined later.

The leaders called for the guidelines to be developed by the G-20, along with help from the International Monetary Fund and other global organizations, and for finance ministers and central bank governors to meet in the first half of next year to discuss progress.

Analysts were not convinced.

“Leaders are putting the best face on matters by suggesting that it is the process that matters rather than results,” said Stephen Lewis, chief economist for London-based Monument Securities.

“The only concrete agreement seems to be that they should go on measuring the size of the problem rather than doing something about it.”

___

Associated Press writers Erica Werner, Kelly Olsen, Jean H. Lee, Greg Keller, Luis Alonso and Kim Hyung-jin in Seoul contributed to this report.

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Super typhoon lashes Philippines, knocks out power

Posted by Admin on October 19, 2010

CAUAYAN, Philippines – The strongest cyclone in years to buffet the Philippines knocked out communications and power as residents took shelter Monday, while flooding in Vietnam swept away a bus and 20 of its passengers, including a boy taken from his mother’s grasp by the raging waters.

Super Typhoon Megi, crossing the northern Philippines, was expected to add to the already heavy rains that have fallen on much of Asia. In China, authorities evacuated 140,000 people from a coastal province ahead of the typhoon.

Megi could later hit Vietnam, where flooding has caused 30 deaths in recent days, in addition to those missing and feared dead after a bus was snatched off a road by surging currents Monday.

Megi packed sustained winds of 140 miles (225 kilometers) per hour and gusts of 162 mph (260 kph) as it made landfall midday Monday at Palanan Bay in Isabela province, felling trees and utility poles and cutting off power, phone and Internet services in many areas. It appeared to be weakening while crossing the mountains of the Philippines’ main northern island of Luzon.

With more than 3,600 Filipinos riding out the typhoon in sturdy school buildings, town halls, churches and relatives’ homes, roads in and out of coastal Isabela province, about 320 kilometers (200 miles) northeast of Manila, were deserted and blocked by collapsed trees and powerlines.

One man who had just rescued his water buffalo slipped and fell into a river and probably drowned, said Bonifacio Cuarteros, an official with the Cagayan provincial disaster agency.

As it crashed ashore, the typhoon whipped up huge waves. There was zero visibility and radio reports said the wind was so powerful that people could not take more than a step at a time. Ships and fishing vessels were told to stay in ports, and several domestic and international flights were canceled.

Thousands of military reserve officers and volunteers were on standby, along with helicopters, including six Chinooks that were committed by U.S. troops holding war exercises with Filipino soldiers near Manila, saidBenito Ramos, a top disaster-response official.

“This is like preparing for war,” Ramos, a retired army general, told The Associated Press. “We know the past lessons, and we’re aiming for zero casualties.”

In July, an angry President Benigno Aquino III fired the head of the weather bureau for failing to predict that a typhoon would hit Manila. That storm killed more than 100 people in Manila and outlying provinces.

This time, authorities sounded the alarm early and ordered evacuations and the positioning of emergency relief and food supplies days before the typhoon hit. The capital was expected to avoid any direct hit, though schools were closed.

Megi was the most powerful typhoon to hit the Philippines in four years, government forecasters say. A 2006 howler with 155-mph (250-kph) winds set off mudslides that buried entire villages, killing about 1,000 people.

In central Vietnam, officials said 20 people on a bus were swept away Monday by strong currents from a river flooded by recent rains unrelated to Megi, while another 18 survived by swimming or clinging to trees or power poles.

One survivor treaded water for 3 1/2 hours as the current pushed her downstream and she was forced to let go of her 15-year-old son due to exhaustion. The boy is among the missing.

Officials said 30 other people died in central Vietnam from flooding over the weekend, and five remain missing.

Megi could add to the misery.

“People are exhausted,” Vietnamese disaster official Nguyen Ngoc Giai said by telephone from Quang Binh province. “Many people have not even returned to their flooded homes from previous flooding, while many others who returned home several days ago were forced to be evacuated again.”

China’s National Meteorological Center said Megi was expected to enter the South China Sea on Tuesday, threatening southeastern coastal provinces. The center issued its second-highest alert for potential “wild winds and huge waves,” warning vessels to take shelter and urging authorities to brace for emergencies.

Floods triggered by heavy rains forced nearly 140,000 people to evacuate from homes in the southern island province of Hainan, where heavy rains left thousands homeless over the weekend, the official Xinhua News Agency reported Monday.

Thailand also reported flooding that submerged thousands of homes and vehicles and halted train service. No casualties were reported, and nearly 100 elephants were evacuated from a popular tourist attraction north of the capital.

___

Associated Press writers Jim Gomez, Teresa Cerojano and Hrvoje Hranjski in Manila; Margie Mason and Tran Van Minh in Hanoi, Vietnam; and Chi-Chi Zhang in Beijing contributed to this report.

(This version CORRECTS Corrects that woman’s son was swept away by waters in Vietnam, not daughter, and corrects number of survivors in that accident to 18, not 17. Adds new photos. An interactive graphic is in the /storm_tracker/ folder. AP Video.)

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