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Thursday, 22 May 2014

Terror attacks kill dozens in China’s tense Xinjiang region

A series of explosions tore through an open-air market in the capital of the volatile western Chinese region of Xinjiang on Thursday, killing dozens of people and wounding many more, state media reported.


China’s Ministry of Public Security said the attack in the heavily policed city of Urumqi was “a serious violent terrorist incident” and vowed to crack down on its perpetrators. President Xi Jinping called for the terrorists behind it to be “severely” punished.


Two SUVs slammed into shoppers gathered at the market in Urumqi at 7:50 a.m. Thursday, and explosives were flung out of the vehicles, China’s official news agency Xinhua said.


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Jethro Mullen, CNN via CHINA US Focus http://ift.tt/1gnbfhi

As Xi speaks of conciliation, neighbors voice disquiet

Even as President Xi Jinping called this week for a new security concept for Asia, frictions between China and several of its neighbors underscored the challenges facing regional cooperation.


“No country should attempt to dominate or infringe upon the rights and interests of other countries,” Mr. Xi said in Shanghai on Wednesday at the fourth summit meeting of the Conference on Interaction and Confidence-Building Measures in Asia.


“We should abide by the basic norms governing international relations, such as respecting sovereignty, independence and territorial integrity; non-interference in internal affairs; respect social systems and chosen development paths,” he said, the state news agency Xinhua reported.


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bljworldwide via CHINA US Focus http://ift.tt/1i81Bu9

Vietnam Threatens Legal Action Against China

Vietnam’s prime minister said Thursday for the first time that his country is considering legal action against China over its sovereignty claims in the South China Sea, a move that Beijing would likely fiercely oppose.


China claims nearly all of the South China Sea as its own, bringing it into conflict with the far smaller nations of Vietnam, the Philippines and three others that have rival claims. Beijing also has a territorial dispute with Japan over a cluster of islands in the East China Sea.


Last year, the Philippines filed a complaint against China before an international tribunal in The Hague to challenge the legality of its claims, antagonizing China. Beijing wants any disputes with countries to be resolved bilaterally even as it continues to engage in what many in the region regard as provocative assertions of its sovereignty in the waters.


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Jim Gomez, Associated Press via CHINA US Focus http://ift.tt/1i81yyx

A Thirst for China

American investors are hungry for a Chinese Internet company, and it isn’t the Alibaba Group, China’s e-commerce giant. Instead, JD.com, an online retailer aspiring to become that country’s answer to Amazon.com, exceeded expectations for its initial public offering on Wednesday, raising $1.78 billion, DealBook’s Michael J. de la Merced writes. Even though the company has lost money for the last several years, its stock sale valued the company at $25.7 billion. Shares in JD.com will begin trading on the Nasdaq stock exchange on Thursday under the symbol JD.


Chinese companies like JD.com and Alibaba have drawn intense interest because they offer shareholders a way to tap China’s enormous growth. Indeed, though JD.com is coming to market at a time when the pace of technology I.P.O.s has slowed significantly, the number of orders for the retailer’s stock was said to have been 15 times oversubscribed. Much of the company’s appeal lies in the relatively unconquered Chinese e-commerce market.


Investors have directly compared JD.com to Alibaba, but the two operate differently. For one, JD.com maintains a significant amount of product inventory and owns much of its shipping and logistics network, whereas Alibaba serves primarily as a middleman between customers and sellers. In addition, Alibaba’s is a much less expensive operating model that gives the company its significant margins. By contrast, JD.com has reported a loss in each of the last five years, even as its sales have increased significantly.


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Sydney Ember, New York Times via CHINA US Focus http://ift.tt/1i81yP8

Wednesday, 21 May 2014

China’s PV industry opposes U.S. investigation

China’s photovoltaic (PV) industry issued a statement on Wednesday, opposing the United States’ second anti-dumping investigation on Chinese PV products.


Representatives from the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, China Renewable Energy Industry Association, China PV Industry Alliance and major manufacturers including Yingli Solar, Trina Solar pushed down a symbolic “wall of trade barriers” at a press conference in Shanghai on Wednesday.


The joint statement called for the U.S and China to solve the disputes through negotiations.


Chinese PV products are well received in the world for their low cost and efficiency, high quality and comprehensive after-sales services, without dumping and illegal subsidies at all, according to the statement.


Trade protectionism seriously hinders the industry development and will affect the development of U.S. real economy and employment, it said.


On Feb. 14 this year, the U.S. International Trade Commission (USITC) determined an affirmative indication regarding injury to the U.S. industry as part of the new anti-dumping (AD) and counterveiling duty (CVD) petitions against PV products from the Chinese mainland and Taiwan.


It was the second U.S. investigation against Chinese PV products after a similar one in 2011, which seriously affected the Chinese PV industry and hindered the development of U.S. PV application market.


The Chinese PV industry has been recovering since the second half of 2013 but encountered the unexpected second U.S. investigation in February.


The U.S. Department of Commerce is expected to release the preliminary CVD investigation result on June 2 and the preliminary AD investigation result on July 28 and release final results on Dec. 11. The USITC will determine whether to levy taxes on Jan. 26, 2015.






Xinhua News via CHINA US Focus http://ift.tt/1peLmQM

Summit to reshape Asian security with new concept

Chinese President Xi Jinping proposed on Wednesday a new concept of Asian security which analysts said bears significant implications for regional stability and the rebalancing of global security.


Addressing the fourth summit of the Conference on Interaction and Confidence Building Measures in Asia (CICA) held in Shanghai, Xi envisioned a mechanism that stresses common, comprehensive, cooperative and sustainable security to tackle rising challenges facing the region with 67 percent of the world’s population and one third of the global economy.


In sharp contrast to the decades-old security scheme based on Cold War mentality, the new concept addresses Asia’s unique challenges shaped by its historical grievances, current tensions and potential risks, said Qu Xing, head of the China Institute of International Studies.


“We need to innovate our security concept, establish a new regional security cooperation architecture, and jointly build a shared and win-win road for Asian security,” Xi said.


One cannot live in the 21st century with the outdated thinking from the age of Cold War and zero-sum game, Xi said.


By stressing sustainable security supported by sustainable development, the concept also provides a framework under which Asia can aspire to its revival based on economic prosperity, stability and cooperation, Qu said.


In his proposal, Xi said Asia should oppose beefing up a military alliance targeted at a third party, and any attempt to dominate regional security affairs or infringe upon the legitimate rights and interests of other countries.


Security problems in Asia should eventually be solved by Asians themselves who are able to achieve regional peace and stability through cooperation, he said.


He urged countries in the region to insist on resolving disputes through peaceful means and oppose the arbitrary use of force or threats.


Provocations and escalation of tensions for selfish interests should also be opposed, he added.


Besides traditional security threats, Asia has found it difficult to respond effectively to non-traditional security threats including terrorism, transnational crimes, environmental security, cyber security, energy and resource security and major natural disasters which are clearly on the rise.


To build an Asian security mansion that could stand the test of wind storms, Xi said, “we need to focus on development, actively improve people’s lives and narrow down the wealth gap to cement the foundation of security.”


“We need to advance the process of common development and regional integration, foster sound interactions and synchronized progress of regional economic cooperation and security cooperation, and promote sustainable security through sustainable development,” the president added.


The summit came six decades after the Five Principles of Peaceful Coexistence was put forward by Asian countries and adopted as a guide to international relations, said Li Weijian, a researcher with Shanghai Institute for International Studies.


As an extension of the five principles, the new concept will not only provide significant guidance to promote peace and stability of Asia, but also add momentum to the rebalancing of the world’s economic and security dynamics, Li said.


STRONGER CICA


The summit was attended by leaders and representatives from 47 countries or international organizations, the largest scale in CICA’s 22-year history.


Huang Renwei, deputy dean of the Shanghai Academy of Social Sciences, said the summit reached wide and concrete consensus instead of empty talks.


Proposed solutions to the region’s most pressing issues have high feasibility, and, if implemented well, could drive the forum to an architecture with higher level, he said.


Calling the CICA the largest and most representative regional security forum with the largest number of participants, Xi proposed to make the forum a security dialogue and cooperation platform that covers the whole of Asia.


He called for enhancing the capacity and institutional building of the CICA, improving functions of the CICA Secretariat, and establishing a mechanism within the forum for defense consultations among member states.


Xi expected closer regional exchanges and cooperation in anti-terrorism, business, tourism, environmental protection, culture and people-to-people exchanges.


The Chinese president proposed to put in place a non-governmental exchange network for CICA parties through holding CICA non-governmental forums and other means, to increase the conference’s influence and promote regional security governance.


He also suggested strengthening the inclusiveness and openness of the CICA, and step up cooperation with other organizations in the region and expand dialogue and communication with other regions.


Xi’s comments were echoed by Russian President Vladmir Putin who called the CICA an effective mechanism to drive security cooperation in Asia.


It is highly expected that as China has taken over the CICA presidency for 2014 to 2016, the forum would further promote peace and cooperation as a balanced, equal and coordinated security construct that takes into consideration each country’s interests and concerns, he said.


Kazakhstan President Nursultan Nazarbayev said expanding economic cooperation should top CICA’s agenda.


He believes the Silk Road economic belt envisioned by Xi could boost infrastructure development, laying a sound foundation for security cooperation among nations along the route that overlaps with the ancient trade itinerary connecting the East and the West.






Xinhua News via CHINA US Focus http://ift.tt/SlDRN9

Explosions at Urumqi market cause deaths, injuries

An unknown number of people were killed and injured after explosions occurred Thursday morning at an open market in Urumqi, capital of northwest China’s Xinjiang Uygur Autonomous Region.


All the injured were rushed to several hospitals, police said.


Witnesses said two cross-country vehicles driving from north to south ploughed into people in the market at 7:50 a.m. Explosives were thrown out of the vehicles.


One of the vehicles exploded in the market.


A business runner in the market told Xinhua he heard a dozen of big bangs.


The open air morning market is located near the Renmin Park in downtown Urumqi. Ambulance and police cars are parking at the entrance of Park North Street leading to the market.


Flames and heavy smoke were seen. The scene has been cordoned off.






Xinhua News via CHINA US Focus http://ift.tt/1jFcZDd