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News from China
China seeks to enable trade talks with US to proceed with equality, dignity: expert
4th June 2019

 China's official white paper on its position on economic and trade consultations with the United States is the "clearest signal" that Beijing seeks to "enable subsequent trade talks with the US to proceed with equality and dignity," a leading US expert on China said Monday.

"The white paper has been widely interpreted in the foreign media as China (is) widening the gap and escalating the war. I disagree," Robert Lawrence Kuhn, chairman of the Kuhn Foundation, told Xinhua. "I think that interpretation has it backwards. I view the white paper as quite the reverse, as preparing the way for serious negotiations."
China's State Council Information Office published the white paper on Sunday, denouncing US unilateral and protectionist measures, criticizing its backtracking on China-US trade talks, and expounding China's stance on trade consultations and pursuit of reasonable solutions.
"My point is that China's white paper restores a kind of balance in the public relationship, which can then enable subsequent negotiations to proceed with equality and dignity," Kuhn said.
"China makes the high-road call for 'matters of principle' and directly addresses what is reported to be the prime area of disagreement: enforcement," he said. "China asserts that if a trade agreement is reached, it will honor its commitments sincerely and faithfully."
"To me, that statement, now overtly public, is the clearest signal that China seeks, indeed anticipates, successful negotiations," Kuhn said.
"I see confirmation in the white paper's conclusion, where China stresses coordination, cooperation and stability, win-win as the only path; looking forward not backward; and solving disputes and conflicts through dialogue and consultation," he added.
Source: Shanghai Daily, June 4, 2019
Children dislike 'over-sharenting'
3rd June 2019

 Children are increasingly concerned that their images and information are being shared on their parents’ social media.

“If my face is frequently exposed on my parents’ social media, such as WeChat Moments, it might not be safe for me,” 10-year-old Zhang Chuyi wrote to a congress of the Young Pioneers of China in Shanghai.
Zhang is a fourth-grade student in a Shanghai elementary school. In her class of more than 30 students, more than 70 percent said their parents had shared things about them in a variety of ways. Most of the children did not like their images or information being shared online.
Zhang first began to oppose “over-sharenting” when she found out that her parents had been sharing her photos and assignments online without her consent.
She said she felt really embarrassed and stressed.
Zhang’s classmates agreed.
“These days, faces can be used in many ways because of facial recognition,” they said.
Zhou Jianjun, an official in charge of children’s rights protection in Shanghai, said: “It should be noted that most Chinese children nowadays are born around 2010. Born and living in a digital era, children are very familiar with the Internet. In fact, their consciousness of online privacy is even stronger than most adults.”
In order to better ensure children’s security, the Chinese government has been taking measures to strengthen children’s protection online and is also trying to enhance children’s awareness of online privacy by promoting security education.
“This is partly the reason behind the awakening of children’s online privacy consciousness and self-protection consciousness,” Zhou said.
Zhang proposal caused quite a stir online.
“But my child is so wonderful that I cannot help myself,” said a woman surnamed Zheng.
Online user “Liudianshui” said: “It is important to obtain children’s permission.”
Zhang said: “We need to consider their feelings. Though we are not grown-ups, our rights still need to be respected. We are our own masters.”
Source: Shanghai Daily, June 3, 2019
WB forecasts China GDP growth at 6.2% in 2019, 6.1% in 2020
31st May 2019

 The World Bank forecast Friday that China's economy will grow at 6.2 percent in 2019 and 6.1 percent in 2020.

In an external environment that has become less favorable due to slowing global growth and rising trade tensions, China's economy will need to rely increasingly on domestic demand to sustain rapid growth, according to a report released by the World Bank.
"In response to growth moderation and less favorable external conditions, the government introduced a fiscal stimulus emphasizing tax incentives," said Martin Raiser, World Bank country director for China.
"While the central government has fiscal space to further increase spending if necessary, the additional stimulus should be appropriately funded either directly at the central level or through additional fiscal transfers to the provinces. Higher spending on health, education, and social protection could help boost demand and improve the quality of services, if combined with reforms to increase efficiency," he said.
In 2019, new tax and fee reductions and a higher cap for local government on-budget borrowing may lead to a higher consolidated deficit of about 5.9 percent of gross domestic product, the report said.
The report also said that net exports are unlikely to provide a sustained boost in the coming months, as new tariffs take effect and global growth slows.
The escalation in trade tensions, weaker business confidence, and slower global trade growth, are expected to weigh on investment and exports in 2020, prompting a downward revision to next year's growth forecast to 6.1 percent, according to the report.
Source: Shanghai Daily, May 31, 2019
CGTN anchor Liu Xin, Fox host Trish Regan discussing China-US trade issues
30th May 2019

 CGTN anchor Liu Xin joined Fox Business Network host Trish Regan on her primetime show for a live television discussion on China-US trade issues.

It is the first time that television hosts from China and the US are facing off live. The much-anticipated event has sparked widespread attention from the media across the world.
Here are the highlights of the discussion: 
On trade talks
Trish Regan: What is your current assessment of where the trade talks are. Do you believe a deal is possible?
Liu Xin: The talks were not very successful last time, and both sides are considering where to go next. The Chinese government is very clear.
On intellectual property
Liu Xin: There is consensus among Chinese people that no country or individual can protect itself without intellectual property protection. Isolated cases do not mean that America is stealing or Chinese people are stealing.
On tariffs
Trish Regan: What do you think of "to heck with tariffs, let's get rid of them altogether." What do you think?
Liu Xin: When we talk about tariffs it's not just between China and the US If you don't like the rules, then let's change the rules, but it has to be done as a multilateral decision.
On capitalism
Trish Regan: How do you define state capitalism?
Liu Xin: We would like to define it as socialism with Chinese characteristics, where market forces are expected to play the dominating or deciding role in the allocation of resources.
We want it to be a market economy but there are some Chinese characteristics, for example, some state-owned enterprises which play an important but smaller role maybe in the economy.
We are a socialist economy with Chinese characteristics, but we are not just state controlled, we are quite mixed, very dynamic and very open as well.
On China's development
Liu Xin: If you look at the overall size of the Chinese economy, don't forget we have 1.4 billion people. If you divide the second largest economy in the world, when it comes down to per capita GDP we are less than one-sixth of the US.
We can do a lot of big things, and people are looking upon us to do a lot more around the world.
Source: Shanghai Daily, May 30, 2019

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