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Cambodia & Laos China Vietnam

Asian Nations Unite to Create Emergency Fund

A coalition of Asian nations consisting of China, Japan, South Korea, and the Association of Southeast Asian Nations (ASEAN) have agreed to set up a US$160 billion emergency liquidity fund to help combat the global financial crisis.

“Poverty is worsening in many countries. Businesses are struggling. The extremely urgent climate change agenda could be affected,” said Indonesia’s President Susilo Bambang Yudhoyono at the Asian Development Bank’s annual meeting in Bali. “If all this goes unchecked, down the road we could see social and political unrest in many countries.”

China, Japan, and South Korea will provide the bulk of the finances with contributions of US$38.4 billion each from China and Japan, and US$19.2 billion from South Korea.

ASEAN members will be responsible for the remaining 20 percent, or US$32 billion.

The fund will target social spending, health, education, credit-guarantees, and clean energy.

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China Culture & History

Japan’s Prime Minister Visits Beijing

Japanese Prime Minister Taro Aso arrived in China yesterday with the hope of improving relations between the two countries which have been strained for quite some time.

In Beijing, Prime Minister Aso met with Chinese Premier Wen Jiabao to discuss the current financial crisis, the North Korean nuclear threat, and other topics that will be better resolved with improved bilateral relations.

“The development of stable, long-term, friendly neighborly Sino-Japan relations meets the fundamental interests of the people of both our nations,” said Premier Jiabao.

Japan’s past actions, dating back to the 1937 Nanjing massacre, have left many in China with Anti-Japanese sentiment.

“Historical issues are sensitive and affect the feelings of a nation’s people. It is hoped the Japanese side can endeavor to handle them properly,” remarked Premier Jiabao.

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Central Asia China

CNPC and Kazmunaigas Jointly Purchase Kazakhstan’s MMG

China National Petroleum Corporation (CNPC) and Kazakhstan’s state oil company Kazmunaigas have agreed to jointly purchase Kazakh oil company JSC Mangistaumunaigas (MMG) for US$3.3 billion.

This news comes following a US$5 billion loan-for-oil agreement between Chinese and Kazakh officials earlier this month.

“The transaction is an important step to develop long-term strategic partnership between China and Kazakhstan. It also helps our overseas expansion,” CNPC said in a statement on their website.

The purchase of MMG includes two oil and gas fields and the licenses to explore and develop 15 others in Kazakhstan and the Caspian region. It also includes all other oil and natural gas assets.

MMG’s crude oil output in 2008 was 40 million barrels and it had 41.8 billion cubic meters of natural gas reserves, according to China Daily.

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Central Asia China Culture & History Eastern Europe

Former Soviet States and China Face TB Epidemic

The World Health Organization has issued a report stating that the spread of multi-drug resistant Tuberculosis (MDR-TB) has reached “epidemic” proportions in many ex-Soviet nations and is now widespread in many provinces in China. Data collected during 2002-2007 showed that one in nine patients of the approximately nine million new cases of TB each year failed to respond to at least one anti-TB drug.

Cases of MDR-TB reached between 9%- 22% of all TB infections in ex-Soviet states, while nearly 20% of all cases in Eastern Europe were drug resistant. In countries such as the UK, France, New Zealand the rate is 1% or lower. Cases recorded in China are believed to show an average of 15% all TB infections being MRD-TB.

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China Culture & History Legal & Regulatory

China Releases National Human Rights Action Plan

China released a two-year human rights action plan on Monday in an effort to reinforce some of the civil liberties that have been neglected in recent times.

Among the policies targeted in the document is the right to a fair trial, the right to question government policies, and a call for measures to discourage torture.

The plan has received praise from many world organizations that see this as a step in the right direction, but maintain that China still has a long road ahead.

“It’s a step forward, I think. It’s also good there are some concrete benchmarks with 2010 as a deadline,” said Roseann Rife of Amnesty International, before also adding, “There are very serious abuses omitted from the plan.”

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Cambodia & Laos China Vietnam

China Plans ASEAN Investment

China’s Foreign Minister Yang Jiechi recently discussed his country’s plans regarding Southeast Asia after the ASEAN summit in Pattaya, Thailand was cancelled due to anti-government protests.

Following the failed summit, Yang unveiled Chinese Premier Wen Jiabao’s plan for a US$ 10 billion investment in infrastructure as well as a US$15 billion line of credit to ASEAN members.

“China plans to establish a US$10 billion China-ASEAN investment cooperation fund to promote infrastructure that connects it to ASEAN nations,” said Yang on the flight back to China, according to state media. “It will also offer a credit of US$15 billion to ASEAN countries, including preferential loans of US$ 1.7 billion for cooperation projects.”

While China is not a member of the ASEAN, it recently appointed its first ambassador to the association and remains a very influential player in the region.

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China Russia

Russian Oil Pipeline Nears Chinese Border

The East Siberia – Pacific Ocean (ESPO) oil pipeline funded by Russia’s state-owned Transneft will reach the Chinese border within the next few weeks, according to a government report read by Prime Minister Vladimir Putin.

This February, Russian and Chinese governments agreed to the construction of the ESPO oil pipeline as well as a long term deal which will supply China with much needed oil to support its burgeoning economy.

In the report, Putin also announced that the government would be spending 3 trillion rubles (US$90 billion) on anti-crisis measures, 1.4 trillion (US$42 billion) of which will be supported by the federal budget.

“Anti-crisis measures stipulate 1.4 trillion rubles in funds. On the whole, taking into account the effects of tax cuts, Central Bank funds, the National Welfare Fund and other sources to fight the consequences of the crisis and help the economy rebound, a total of 3 trillion rubles has been allocated,” said Prime Minister Putin.

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China Culture & History

Obama Accepts Invitation to China

U.S. President Barack Obama and Chinese President Hu Jintao discussed a long list of issues during an hour-long meeting in London on the eve of the Group of 20 summit.

During the meeting, President Obama accepted “with pleasure” an invitation extended to him by President Hu to visit China sometime later this year.

Furthermore, the leaders also agreed to establish an ongoing “U.S. – China Strategic Dialogue,” aimed at addressing a number of issues including the world economy and security.

Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner will represent the U.S. in the talks while State Councilor Dai Bingguo and Vice Premier Wang Qishan will represent China.

With the first meeting scheduled for this summer in Washington, the talks are planned to be held yearly with the location alternating annually between the capitals.

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China Culture & History

Patriotic Publication a Hot Topic in China

A popular new collection of short stories calling for China to rise up and assert itself in the world has been a hot topic of debate among Chinese recently.

The collaborative effort of five Chinese authors, “Unhappy China” was released on March 13 and has already moved to the best-sellers list on the popular website Dangdang.com; quickly selling out its initial 270,000 copies.

“From looking at the history of human civilization, we are most qualified to lead this world; Westerners should be second,” writes one author in the book.

The book is extremely nationalistic – criticizing and blaming the U.S. and other Western countries for their denigration of China and their role in the current economic downturn.

“This economic problem has shown the Chinese people that America does have problems, that what we’ve been saying is right,” said Wang Xiaodong, one of the authors, in an interview on Friday.

The book also is extremely critical of China’s current governmental leaders who the authors feel have taken a soft and timorous stance when dealing with Western nations.

“I’ve already lost all hope in China’s elite,” says Mr. Wang. “America will face a less friendly China in the future.”

Despite the high volume of sales, the book has been met with a large degree of criticism from academics and bloggers in China who feel that the publication is an attempt to cash in on the nationalistic sentiment currently felt in the country.

Others claim that the book is an embarrassment and write it off simply as unconstructive.

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China Culture & History

Chinese Spy System Uncovered

Reports released by the University of Toronto and Cambridge University over the weekend have revealed a vast and intricate electronic espionage program run from servers in China that have infiltrated computers in more than 100 countries.

The program, dubbed GhostNet, has reportedly compromised more than 1,295 computers in 106 countries: including embassies, foreign ministries, government offices, and exile centers of the Dalai Lama in cities like London, New York, and Brussels.

The attacks were fairly direct – typically in the form of emails with accompanying links or attachments that would trigger the virus. Once active, the virus would allow the hacker to operate the host computer as if it were its own, including being able to move or send files, and even capable of turning on the computer’s camera and microphone, effectively creating a surveillance bug.

Although the researchers at the University of Toronto have found China to be the source of the hackers, they have not found any evidence that would suggest the government was involved.

“We’re a bit more careful about it, knowing the nuance of what happens in the subterranean realms,” said Ronald J. Deibert, who is a member of the research team. “This could well be the C.I.A. or the Russians. It’s a murky realm that we’re lifting the lid on.”

The report by two researchers at Cambridge University, however, had no qualms with accusing the Chinese government of conducting cyber attacks on Tibetan exile groups.