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via a Press Release: At first China-Africa health roundtable to be held in Africa, leaders gather in Botswana to promote South-South partnership on African health priorities GABORONE, Botswana, May 6, 2013 Chinese and African leaders will come together at the 4th International Roundtable on China-Africa Health Cooperation to explore new partnerships to address some of the most pressing health challenges facing Africa and strengthen an innovative health partnership based on south-south cooperation. This year’s roundtable is the first to take place on the African continent. It will focus on promoting sustainable health solutions that meet the needs and priorities of African countries and draw on China’s unique expertise.
Few places on earth have more entrepreneurial energy than China. Since the economic reform era first released that energy 30 years ago, hundreds of millions of Chinese have used their own efforts to improve their lives and raise themselves out of poverty. China’s state sector has also played an important role in China’s extraordinary economic growth, allowing the government to make and carry out big plans – building highways, railways, subways and entire cities – in the time it would take some governments to simply agree to move forward. But with economic growth slowing, the population aging, and the workforce shrinking, those entrepreneurs are being held back by a system trapped in transition, and China risks getting stuck in what the ‘middle-income trap’ – economic growth hitting a plateau and then stagnating before reaching ‘developed nation’ status.
Shanghai's health bureau has ordered hospitals to step up monitoring and supervision of respiratory diseases after a new strain of bird flu killed two people in the city last month, the Shanghai Daily reported yesterday. A doctor in Shanghai said hospitals had been asked to report suspected cases on a daily basis. Two men aged 87 and 27 died after being infected with H7N9 avian influenza - a sub-type not transmitted to humans previously. The National Health and Family Planning Commission said a 35-year-old woman in Anhui was in a critical condition after being infected last month.
This week on Counting the Cost , we look at the global economy and where it is heading. As China reports much anticipated growth figures we take a closer look at how that fits into the global picture and go behind the numbers with Jorge Mariscal, the chief investment officer for Emerging Markets at UBS Wealth Management. Can we trust the numbers that come out of China, and treat them as the most accurate numbers we could possibly get?
- Editorial- In his speech for the opening of the 18 th Communist Party Congress, China’s leader, Hu Jintao set the goal of doubling China’s 2010 GDP and per-capita income by 2020. This is the first time that China’s central government has explicitly set such a target. According to data from the National Bureau of Statistics, in 2010 the per-capita income was 19,109 Yuan ($3,000) for urban residents and 5,919 Yuan ($950) for rural residents. According to Li Yang, vice-director of the Chinese Academy of Social Sciences, as long as China has a 7.1% average annual GDP growth rate and a 7% per capita annual income growth rate, the goal of doubling Chinese people’s revenue will be achieved.
Dozens of suspects arrested in Spain as part of a probe into Chinese gangs suspected of tax evasion and illegally laundering millions of euros are to appear in court for questioning on Wednesday. Nacho Vidal. Photo: EPA
The US Cyber Command’s top intelligence officer accused China of persistent efforts to pierce Pentagon computer networks and said a proposal was moving forward to boost the cyber command in the US military hierarchy. “Their level of effort against the Department of Defence is constant” while alleged Chinese attempts to steal corporate trade secrets has been growing, Rear-Admiral Samuel Cox, the command’s director of intelligence, said after remarks to a forum on the history of cyber threats. The Office of the National Counterintelligence Executive, a US intelligence arm, said in a landmark report a year ago that “Chinese actors are the world’s most persistent perpetrators of economic espionage.” “It’s continuing apace,” Cox said.
After an extended period of calm, leaders in Tokyo and Beijing are again allowing their relations to be dictated by domestic politics. Nationalism once again threatens to undermine the relative calm in the China-Japan relationship that has prevailed since the 2010 Senkaku crisis . Although Chinese leaders are the oft-cited pawns of nationalist agitators, since April Japanese leaders appear to be seduced by the efforts of the controversial Tokyo Governor Ishihara Shintaro to buy the disputed Senkaku Islands. If the sale is completed when the government’s current lease expires, it could trigger a potentially devastating crisis in Sino-Japanese relations.
(New York) – Prospective investors in China Non-Ferrous Metals Mining Corporation’s (CNMC) upcoming initial public offering (IPO) in Hong Kong should be aware of the company’s disturbing labor rights practices in Zambia. CNMC’s inability or unwillingness to respect worker’s rights in their Zambia operations raises critical questions about corporate behavior that potential investors should direct to the company, Human Rights Watch said. Reuters and Hong Kong’s Ming Pao newspaper reported on April 17, 2012, that the Chinese state-owned CNMC would publicly list its Zambian copper mining assets – including underground mines, a smelter, and processing plants – on the Hong Kong Stock Exchange. CNMC is set to begin an investment “road show” as soon as this week to attract potential international investors.
When the new African Union (AU) headquarters was unveiled in Addis Ababa, Ethiopia, earlier this year, the $200 million structure -- now the capital city's tallest building -- caused a splash. But it wasn't just the mammoth building's impressive spec sheet that drew comment, it was also the project's bankroller: China. The Chinese government has been leading a construction boom across Africa, setting up huge dams and infrastructure projects, soccer stadiums, and even the world's third largest mosque in Algeria. And the lavish new AU headquarters was paid for -- in its entirety -- by the Chinese government.
If Premier Wen Jiabao is "China's best actor," as his critics allege , he saved his finest performance for last. After three hours of eloquent and emotional answers in his final news conference at the National People's Congress annual meeting this month, Wen uttered his public political masterstroke, reopening debate on one of the most tumultuous events in the Chinese Communist Party's history and hammering the final nail in the coffin of his great rival, the now-deposed Chongqing Communist Party boss Bo Xilai. And in striking down Bo, Wen got his revenge on a family that had opposed him and his mentor countless times in the past. Responding to a gently phrased question about Chongqing, Wen foreshadowed Bo's political execution , a seismic leadership rupture announced the following day that continues to convulse China's political landscape to an extent not seen since 1989. But the addendum that followed might be even more significant.