The Agonist - Asia: South-East

China's yuan can be alternative reserve currency in 15 years

Thu, 19 Nov 2009 20:31:32 -0800

Singapore | November 12

World Bank - World Bank President Robert Zoellick has said in 15 years the Chinese yuan can become an alternative to US dollar as a global reserve currency, with China's fast economic growth and efforts to internationalise the currency.

Montreal to see terracotta warriors

Thu, 19 Nov 2009 17:40:54 -0800

Montréal, Québec | November 19

CBC - China's terracotta warriors are coming to Montreal in 2011.

The Musée des Beaux-Arts de Montréal will receive rare visit of 14 of the warriors — life-sized replicas of soldiers of the Qin dynasty — it announced on Thursday.

The 14 are among the more than 8,000 life-sized terracotta figures discovered since 1974 near Xi'an, China, and believed to date from the 3rd century B.C.

An exhibit of 20 of the warriors at the British Museum in 2008 was a huge hit.

Obama At The Wall

Wed, 18 Nov 2009 08:46:39 -0800

President Obama visited the Great Wall of China yesterday. Having seen the Wall in many different places in China, from the Badaling, where Obama visited, to the perilous angles and heights of Simitai and then all the way out in the West at the Jade Gate where the Han and T'ang walls peter out into the sand I can attest to its hold on the imagination. I've seen some amazing places in my travels but my first experience with the Wall stands head and shoulders above any other experience in China. The Great Wall is one of those places that is both cliche and profoundly impressing. It lives up to the hype.

If you are inclined to learn more about the Great Wall, its provenance and history I highly recommend this book by Julia Lowell. It is an insightful narrative history of the 'Long Wall,' its place in the Chinese psyche and that of the West. From the first tentative tamped earth ramparts built to keep out the marauding Rong and Di tribes to the massive Qing Walls that President Obama visited yesterday it is a wonderful, easy to read romp through Chinese history.

Bamboo

Mon, 16 Nov 2009 14:41:05 -0800

ChinaDaily - Growing up as a farmer's son, Lin Zuojun used to play hide-and-seek with his friends in the bamboo forest of Fujian province. Little did he know back then that he would one day make millions of yuan by selling those most common plants of the region.

Harvesting more than 1.6 million bamboo trees and 25,000 tons of bamboo shoots every year, his company, Asian Bamboo, is China's biggest bamboo producer today.

It is also one of the only three Chinese companies listed on the Frankfurt Stock Exchange in Germany - the third-largest stock exchange in the world.

"We just had a very successful capital increase where we sold all of our 1.275 million new shares to institutional investors in a very short period of time," Lin said in an interview with China Business Weekly. The proceeds of the new issue totaled 25.5 million euros.

This successful outcome is a reflection of the company's strong performance in the first six months of 2009. Revenues increased by 42 percent to 25.8 million euros. After taxes the profit was 13 million euros, an increase of 64 percent compared with the same period last year.

For the whole year, Lin expects the returns to reach 55 million euros and earnings 25 million euros.
cont @ link

China and US spar over currencies ahead of Obama visit

Sun, 15 Nov 2009 01:51:17 -0800

Nov 15

Reuters - The United States and China sparred over exchange rates at a meeting of Asia Pacific leaders today, pointing to tricky talks ahead for President Barack Obama when he flies to China to address economic tensions.

The discord surfaced at a summit of the Asia Pacific Economic Cooperation (APEC) forum in Singapore when a reference to "market-oriented exchange rates" was cut from a communique issued at the end of two days of talks. An APEC delegation official said Washington and Beijing could not agree on the wording.

That underscored strains likely to feature when Obama flies to Shanghai later on Sunday following moves by Washington to slap duties on various Chinese-made products and a growing drumbeat of pressure on Beijing to let its yuan currency strengthen.

Chinese officials have grown testy about the pressure over the yuan. Chinese banking regulator Liu Mingkang told a forum in Beijing on Sunday that ultra-low interest rates in the United States were fuelling speculation in overseas asset markets and threatened the global economic recovery.

Obama pledged on Saturday to deepen dialogue with China rather than seek to contain the rising power, which is set to overtake Japan next year as the world's second largest economy.

But issues ranging from the yuan and trade tensions to human rights could complicate what many regard as the most important relationship of the 21st century.

Obama tells Myanmar PM: Release Suu Kyi

Sun, 15 Nov 2009 01:39:31 -0800

Singapore | Nov 15

AFP - US President Barack Obama pressed Sunday for Myanmar's military junta to release democracy leader Aung San Suu Kyi, during a landmark encounter with the regime's prime minister, the White House said.
"He brought up the release of Aung San Suu Kyi with that government (Myanmar)," White House spokesman Robert Gibbs told reporters, as Obama met Myanmar Prime Minister Thein Sein and nine other Southeast Asian leaders.

A nuclear power's act of proliferation

Fri, 13 Nov 2009 11:20:07 -0800

R. Jeffrey Smith & Joby Warrick | Urumqi, China | November 13

WaPo - In 1982, a Pakistani military C-130 left the western Chinese city of Urumqi with a highly unusual cargo: enough weapons-grade uranium for two atomic bombs, according to accounts written by the father of Pakistan's nuclear weapons program, Abdul Qadeer Khan, and provided to The Washington Post.

The uranium transfer in five stainless-steel boxes was part of a broad-ranging, secret nuclear deal approved years earlier by Mao Zedong and Prime Minister Zulfiqar Ali Bhutto that culminated in an exceptional, deliberate act of proliferation by a nuclear power, according to the accounts by Khan, who is under house arrest in Pakistan.

U.S. officials say they have known about the transfer for decades and once privately confronted the Chinese -- who denied it -- but have never raised the issue in public or sought to impose direct sanctions on China for it. President Obama, who said in April that "the world must stand together to prevent the spread of these weapons," plans to discuss nuclear proliferation issues while visiting Beijing on Tuesday.

According to Khan, the uranium cargo came with a blueprint for a simple weapon that China had already tested, supplying a virtual do-it-yourself kit that significantly speeded Pakistan's bomb effort. The transfer also started a chain of proliferation: U.S. officials worry that Khan later shared related Chinese design information with Iran; in 2003, Libya confirmed obtaining it from Khan's clandestine network.

Dalai Lama's visit angers China

Sun, 08 Nov 2009 07:55:18 -0800

Arunachal Pradesh, India | November 8

Al Jazeera - The Dalai Lama has angered the Chinese government with a visit to a Tibetan Buddhist monastery town in the remote northeast Indian region of Arunachal Pradesh.

The Tibetan spiritual leader said his visit on Sunday was only a lecture tour, but China, which claims the region as its own, has described the event as a provocation aimed at harming China-India ties.

"It is quite usual for China to step up campaigning against me wherever I go," the Dalai Lama said after opening a museum at the Tawang monastery.

"It is totally baseless on the part of the Chinese communist government to say that I am encouraging a separatist movement.

"My visit to Tawang is non-political and aimed at promoting universal brotherhood and nothing else."

China condemns US trade action

Fri, 06 Nov 2009 09:51:55 -0800

Beijing | November 6

Al Jazeera - China has described as protectionist new US anti-dumping duties on steel pipes and demanded Washington's recognition that it is a market economy.

The reaction came a day after the US imposed preliminary anti-dumping duties ranging up to 99 per cent on $2.63bn in Chinese-made pipes used in the oil and gas industry.

The Chinese commerce department issued its preliminary decision on Friday, a week before Barack Obama, the US president, heads to Asia on a trip that includes stops in Shanghai and Beijing.

"China resolutely opposes the abuse of protectionist measures, and will take measures to protect the interests of our domestic industry," the ministry said on its website.

Scant details on reaction to U.S. envoys' Burma visit

Fri, 06 Nov 2009 09:07:20 -0800

Tim Johnston | Bangkok | November 6

WaPo - After a rare trip by high-level U.S. diplomats to Burma, there was little indication from either nation Thursday about how the Obama administration's overture of engagment had been received.

Burmese state media merely noted that Assistant Secretary of State for East Asia and the Pacific Kurt Campbell and Deputy Assistant Secretary of State Scot Marciel met with Prime Minister Thein Sein during the visit on Tuesday and Wednesday.

The pair are the highest-level U.S. officials to visit Burma, also known as Myanmar, in 14 years. Marciel declined to say how the government, the opposition or Aung San Suu Kyi, the opposition leader they also met with, received their visit.

"The main purpose of the visit was to explain to the key parties there -- the government, political parties, the opposition, ethnic minorities -- the context of our recently completed policy review, but also to hear from them their views and their ideas," Marciel told a seminar on his return to Thailand.

The policy review left U.S. sanctions in place while promoting engagement with the prospect that progress toward democratic principles would be rewarded.

China plans for humanoid Olympics

Fri, 06 Nov 2009 06:28:31 -0800

Nov 6

BBC -
China is planning to hold a robot Olympics in 2010.

The international event will be held in the city of Harbin and will see robots take part in 16 different events.

Robots will be able to compete in familiar Olympic sports such as athletics as well as those more suited to machines such as cleaning.

Entry to the competition will be restricted to robots resembling humans. They must possess two arms and legs. Wheels are banned.

The organisers of the games expect from more than 100 universities from around the world to send competitors to the event.

Cambodia appoints Thailand's Thaksin as economic adviser

Wed, 04 Nov 2009 08:24:01 -0800

Phnom Penh | Nov 4

AFP - Cambodia said on Wednesday it had appointed fugitive former Thai prime minister Thaksin Shinawatra economic adviser to premier Hun Sen in a move that adds to tensions between the countries.

The appointment was announced on state television almost two weeks after Hun Sen first riled Thailand by offering safe haven to Thaksin, who was ousted in a coup in 2006 and is living abroad to avoid a jail term for corruption.

"Thaksin has already been appointed by royal decree... as personal adviser to Cambodian Prime Minister Hun Sen and the adviser to the Cambodian government in charge of economy," said a government statement read on television.

"Allowing Thaksin to stay in Cambodia is virtuous behaviour...good friends need to help each other in difficult circumstances," it added.

The statement went on to call charges against Thaksin "politically motivated" and vowed not to extradite him if he "decides to stay in Cambodia or travels in and out of Cambodia in order to fulfill his duties".

WOW

Two senior US officials have begun a fact-finding visit to Burma.

Mon, 02 Nov 2009 21:46:58 -0800

Nov 3

BBC - Assistant Secretary of State Kurt Campbell and deputy Scot Marciel hope to hold talks with the ruling junta and pro-democracy leader Aung San Suu Kyi.

Mr Campbell, the top US diplomat for East Asia, is the highest ranking US official to visit Burma since 1995.

The visit is being seen as the latest move by President Barack Obama's administration to find ways to engage with the military regime.

The US diplomats are unlikely to see the reclusive chief of the junta, Than Shwe, but will instead meet Prime Minister Thein Sein in the remote jungle capital of Naypyidaw on Tuesday, according to Burmese officials.

They will then travel to Rangoon on Wednesday to meet Nobel Peace laureate Ms Suu Kyi, whose house arrest was extended by 18 months this year, provoking international outrage.

Khmer Rouge trial judges accused of bias

Mon, 02 Nov 2009 05:28:14 -0800

David Boyle | October 31

ABC News (AU)/Radio Australia - The beleaguered Khmer Rouge trials in Cambodia have hit another obstacle.

Two pre-trial judges, including Australian Rowan Downing QC, have been accused of taking instruction from their respective governments in a motion filed last week.

The Extraordinary Chambers of the Courts of Cambodia were created to try the leaders of the Khmer Rouge regime, which is accused of killing more than 2 million people in the 1970s.

The Khmer Rouge tribunal has endured considerable controversy in its four years of existence and now many people believe it has become entrenched in its own politics.

The lawyers of accused war criminal, Ieng Sary, have filed a motion requesting that two pre trial judges, including Mr Downing, be removed from the court due to a public perception of bias.

China's military growth the 'minimum requirement', says general

Tue, 27 Oct 2009 02:36:51 -0700

Washington | Oct 27

AFP - A top Chinese general on Monday defended Beijing's rapid military modernisation, including the development of advanced weapons that threaten US forces in the Pacific, as aimed at meeting its minimum defence requirements.

General Xu Caihou, vice chairman of China's military commission, sought to allay US suspicions over the growing might of the Asian superpower by insisting that Beijing harboured no expansionist ambitions and wanted collaborative international relations.

"We will never seek hegemony, military expansion or an arms race," he told an audience of foreign policy experts at the Centre for Strategic and International Studies, a Washington think tank.

But when asked about its development of missiles designed to target US warships in the Pacific, Xu said Western suspicions about China's aims were unfounded.

"It is a limited capability, and limited weapons and equipment for the minimum requirement of its national security," he said, speaking through an interpreter.

Xu, whose position is the rough equivalent to a defence minister, also defended China's double-digit annual increases in defence spending as "quite low" both in real terms and as a percentage of its gross domestic product.

Whereas US defence spending amounts to 4.8 percent of GDP, China's was only 1.4 percent, he said.

The United States has repeatedly urged China to be more transparent about its military spending, warning of a shifting balance of power in the region that could arouse misunderstanding and miscalculation.