Deciphering Chinese Deterrence Signalling in the New Era an Analytic Framework and Seven Case Studies

Total Page:16

File Type:pdf, Size:1020Kb

Deciphering Chinese Deterrence Signalling in the New Era an Analytic Framework and Seven Case Studies AUSTRALIA C O R P O R A T I O N NATHAN BEAUCHAMP-MUSTAFAGA, DEREK GROSSMAN, KRISTEN GUNNESS, MICHAEL S. CHASE, MARIGOLD BLACK, NATALIA SIMMONS-THOMAS Deciphering Chinese Deterrence Signalling in the New Era An Analytic Framework and Seven Case Studies RR-A1074-1 A4 Cover text only.indd 1,3 5/14/21 1:33 AM The research described in this RAND Australia report was prepared for Australian Department of Defence and was conducted within RAND Australia under Contract HQ0034-16-D-0001. About RAND Australia RAND Australia’s mission is to help improve policy and decisionmaking through research and analysis. RAND’s publications do not necessarily reflect the opinions of its research clients and sponsors. To learn more about RAND Australia, visit www.rand.org/australia Published by the RAND Corporation, Santa Monica, Calif. © 2021 RAND Australia R® is a registered trademark. For more information on this publication, visit www.rand.org/t/RRA1074-1 Preface The purpose of this report is to examine how China’s approach to deterrence signalling is evolving along with its expanding objectives, growing military capabilities, and the availability of new communication channels, such as Chinese- and English-language social media. As China’s pursuit of its goals becomes more assertive, one critically important question for analysts and policymakers in Australia, the United States, and other regional countries is how to interpret China’s changing approach to deterrence signalling. This report is intended to contribute to a better understanding of deterrence and countercoercion across domains in the Indo-Pacific region at a time of increased friction and strategic competition with China. In particular, it presents a framework to evaluate China’s changing approach, one that is intended to enable analysts and policymakers in Australia, the United States, and other countries to appropriately characterise, interpret, and respond to Chinese deterrence signalling. This research received funding under the Australian Department of Defence Strategic Policy Grants Program. All views expressed in this report are those of the authors and do not necessarily represent the views of the Australian Department of Defence. The research was conducted within the International Security and Defense Policy Center of the RAND National Security Research Division (NSRD). NSRD conducts research and analysis for the Office of the Secretary of Defense, the U.S. Intelligence Community, U.S. State Department, allied foreign governments, and foundations. For more information on RAND Australia, or to contact the director, please visit www.rand.org/australia. iii Table of Contents Preface ............................................................................................................................................ iii Figures............................................................................................................................................ vi Tables ............................................................................................................................................ vii Summary ...................................................................................................................................... viii Acknowledgements ........................................................................................................................ xi Abbreviations ................................................................................................................................ xii 1. Introduction ................................................................................................................................. 1 Purpose of the Report ................................................................................................................. 3 A New Era of Ambition: China’s Growing Objectives .............................................................. 4 A New Era of Power: China’s Growing Military Capabilities ................................................... 7 A New Era of Signalling: China’s Growing Range of Communication Channels ................... 14 Research Approach ................................................................................................................... 16 Organisation of the Report ........................................................................................................ 17 2. Overview of Chinese Thinking on Deterrence ......................................................................... 18 Chinese Conception of Deterrence ........................................................................................... 18 Core Components: Capability, Resolve, and Communication ................................................. 20 Deterrence Phases: Peacetime, Crisis, and Wartime ................................................................ 22 Surveying Deterrence Actions .................................................................................................. 25 Psychological Emphasis and Deception ................................................................................... 35 Deterrence Communication ...................................................................................................... 39 Conclusion ................................................................................................................................ 43 3. A Framework for Deciphering Chinese Deterrence Signals ..................................................... 44 Past Research ............................................................................................................................ 44 Keeping Pace with Evolving Trends ........................................................................................ 45 Factor 1: Strategic Context ....................................................................................................... 46 Factor 2: Content ...................................................................................................................... 48 Factor 3: Intended Audience ..................................................................................................... 54 Factor 4: Authoritativeness ....................................................................................................... 56 Factor 5: Scope ......................................................................................................................... 61 A Six-Point Scale for Understanding China’s Resolve ............................................................ 62 Enduring Principles, Evolving Details ...................................................................................... 63 4. Recent Chinese Deterrence Signalling: Peacetime Case Studies ............................................. 64 Peacetime Case Study No. 1: Military Parades ........................................................................ 64 Peacetime Case Study No. 2: PLAAF Bomber Flights ............................................................ 78 Peacetime Case Study No. 3: Cross-Strait Tensions Since the 2016 Taiwanese Presidential Election ........................................................................................................... 90 Common Themes and Lessons for Australia ............................................................................ 97 iv 5. Recent Chinese Deterrence Signalling: Crisis Case Studies .................................................. 99 Emergency Case Study No. 1: 1995–1996 Taiwan Strait Crisis .............................................. 99 Emergency Case Study No. 2: 2017 Doklam Crisis with India .............................................. 104 Emergency Case Study No. 3: 2019 Hong Kong Democracy Protests .................................. 111 Emergency Case Study No. 4: Korean Peninsula Tensions ................................................... 117 Common Themes and Lessons for Australia .......................................................................... 130 6. Implications for Australia ....................................................................................................... 131 Changing Australia-China Relationship ................................................................................. 131 Australia’s More Active Regional Role Means More Divergence with China ...................... 132 Australia Moving Towards Centre of Strategic Competition with Closer U.S. Ties ............. 136 Greater Interaction with Chinese Military .............................................................................. 138 Deciphering Chinese Deterrence Signalling for Australia ..................................................... 140 Policy Recommendations ....................................................................................................... 143 References ................................................................................................................................... 147 v Figures Figure 2.1. Core Components of Chinese Deterrence ............................................................. 20 Figure 2.2. A List of Chinese Deterrence Actions ................................................................... 27 vi Tables Table 2.1. People’s Liberation Army Breakdown of Tailored Psychological Warfare ........... 39 Table 3.1. Hierarchy of Authoritativeness for Chinese Deterrence Messaging ...................... 57 Table 3.2. Summary of Analytic Framework for Deciphering Chinese Deterrence
Recommended publications
  • Dangerous Truths
    Dangerous Truths The Panchen Lama's 1962 Report and China's Broken Promise of Tibetan Autonomy Matthew Akester July 10, 2017 About the Project 2049 Institute The Project 2049 Institute seeks to guide decision makers toward a more secure Asia by the century’s mid-point. Located in Arlington, Virginia, the organization fills a gap in the public policy realm through forward-looking, region-specific research on alternative security and policy solutions. Its interdisciplinary approach draws on rigorous analysis of socioeconomic, governance, military, environmental, technological and political trends, and input from key players in the region, with an eye toward educating the public and informing policy debate. About the Author Matthew Akester is a translator of classical and modern literary Tibetan, based in the Himalayan region. His translations include The Life of Jamyang Khyentse Wangpo, by Jamgon Kongtrul and Memories of Life in Lhasa Under Chinese Rule by Tubten Khetsun. He has worked as consultant for the Tibet Information Network, Human Rights Watch, the Tibet Heritage Fund, and the Tibetan Buddhist Resource Center, among others. Acknowledgments This paper was commissioned by The Project 2049 Institute as part of a program to study "Chinese Communist Party History (CCP History)." More information on this program was highlighted at a conference titled, "1984 with Chinese Characteristics: How China Rewrites History" hosted by The Project 2049 Institute. Kelley Currie and Rachael Burton deserve special mention for reviewing paper drafts and making corrections. The following represents the author's own personal views only. TABLE OF CONTENTS Cover Image: Mao Zedong (centre), Liu Shaoqi (left) meeting with 14th Dalai Lama (right 2) and 10th Panchen Lama (left 2) to celebrate Tibetan New Year, 1955 in Beijing.
    [Show full text]
  • Comparing Cgtn Africa and Bbc Africa's
    Proceedings of ADVED 2019- 5th International Conference on Advances in Education and Social Sciences 21-23 October 2019- Istanbul, Turkey COMPARING CGTN AFRICA AND BBC AFRICA’S COVERAGE OF CYCLONE IDAI IN AFRICA: A SOCIAL RESPONSIBILITY STANDARD AND GEOGRAPHICAL PROXIMITY APPROACH Patrick Owusu Ansah1, Guo Ke2 1Mr, Shanghai International Studies University, China, [email protected] 2Prof, Shanghai International Studies University, China, [email protected] Abstract This study comparatively analysed how China Global Television Network Africa (CGTN Africa) and British Broadcasting Corporation Africa (BBC Africa), as the only broadcasting global media firms with state-of-the- art news production centres in Africa, covered the Cyclone Idai (2019) on the basis of their social responsibility standards and geographical proximity. For the study, Cyclone Idai with restricted predictable nature has been selected in order to observe global media coverage, in both pre and post Cyclone Idai phases. This study concludes that CGTN Africa and BBC Africa covered Cyclone Idai (2019) on the basis of their social responsibility role by focusing much on the human interest aspect of the disaster in their broadcasts. But, CGTN Africa further went on to give more attention to the recovery and reliefs too, which BBC Africa left unnoticed. Although, CGTN Africa and BBC Africa gave comparatively sufficient coverage to post-Cyclone Idai period yet certain significant disaster related features received low or no coverage during their social responsibility role. It was found that CGTN Africa didn‘t give much coverage to responsibility, economic consequences and preventive actions, whiles BBC Africa did same including recovery and relief actions.
    [Show full text]
  • Global Governance, Conflict and China
    Global Governance, Conflict and China <UN> Chinese Perspectives on Human Rights and Good Governance Editor-in-Chief Zhang Wei Editorial Board Bai Guimei – Ban Wenzhan – Chang Jian – Chen Shiqiu – Duan Qinghong – Han Dayuan – Li Buyun – Li Weiwei – Liu Hainian – Luo Yanhua – Shu Guoying – Sun Xiaoxia – Wei Mei – Xia Yinlan – Zhang Aining – Zhang Xiaoling – Zou Xiaoqiao Chairman of the International Advisory Board Gudmundur Alfredsson Members of International Advisory Board Florence Benoit-Rohmer – Brian Burdekin – Andrew Clapham – Barry Craig – Felipe Gomez-Isa – Jonas Grimheden – Zdzislaw Kedzia – Wayne Mackay – Peter Malanczuk – Fabrizio Marrela – Ineta Ziemele – Tom Zwart volume 2 The titles published in this series are listed at brill.com/cphr <UN> Global Governance, Conflict and China By Matthias Vanhullebusch leiden | boston <UN> Library of Congress Cataloging-in-Publication Data Names: Vanhullebusch, Matthias. Title: Global governance, conflict and China / by Matthias Vanhullebusch. Description: Leiden ; Boston : Brill Nijhoff, 2018. | Series: Chinese perspectives on human rights and good governance ; volume 2 | Includes bibliographical references and index. | Identifiers: LCCN 2017052794 (print) | LCCN 2017055352 (ebook) | ISBN 9789004356498 (e-book) | ISBN 9789004356467 (hardback : alk. paper) Subjects: LCSH: International law--China. | China--Foreign relations--1949- Classification: LCC KZ3410 (ebook) | LCC KZ3410 .V36 2018 (print) | DDC 355/.033551--dc23 LC record available at https://lccn.loc.gov/2017052794 Typeface for the Latin, Greek, and Cyrillic scripts: “Brill”. See and download: brill.com/brill-typeface. issn 2352-2593 isbn 978-90-04-35646-7 (hardback) isbn 978-90-04-35649-8 (e-book) Copyright 2018 by Koninklijke Brill nv, Leiden, The Netherlands. Koninklijke Brill nv incorporates the imprints Brill, Brill Hes & De Graaf, Brill Nijhoff, Brill Rodopi, Brill Sense and Hotei Publishing.
    [Show full text]
  • ASD-Covert-Foreign-Money.Pdf
    overt C Foreign Covert Money Financial loopholes exploited by AUGUST 2020 authoritarians to fund political interference in democracies AUTHORS: Josh Rudolph and Thomas Morley © 2020 The Alliance for Securing Democracy Please direct inquiries to The Alliance for Securing Democracy at The German Marshall Fund of the United States 1700 18th Street, NW Washington, DC 20009 T 1 202 683 2650 E [email protected] This publication can be downloaded for free at https://securingdemocracy.gmfus.org/covert-foreign-money/. The views expressed in GMF publications and commentary are the views of the authors alone. Cover and map design: Kenny Nguyen Formatting design: Rachael Worthington Alliance for Securing Democracy The Alliance for Securing Democracy (ASD), a bipartisan initiative housed at the German Marshall Fund of the United States, develops comprehensive strategies to deter, defend against, and raise the costs on authoritarian efforts to undermine and interfere in democratic institutions. ASD brings together experts on disinformation, malign finance, emerging technologies, elections integrity, economic coercion, and cybersecurity, as well as regional experts, to collaborate across traditional stovepipes and develop cross-cutting frame- works. Authors Josh Rudolph Fellow for Malign Finance Thomas Morley Research Assistant Contents Executive Summary �������������������������������������������������������������������������������������������������������������������� 1 Introduction and Methodology ��������������������������������������������������������������������������������������������������
    [Show full text]
  • 2014 Multi-Faith Forum Activity Journal
    1 Name : Galvihara Seated Image of the Buddha Time : 12th Century A.D. Location : Polonnaruwa (North Central Province-Sri Lanka) Founder : King Parakramabahu A Harmonious World Begins with Education 2558th Vesak Day Celebration: Learning from the Buddha's Inspirational Teachings Resolving Conflicts and Facilitating Peace and Security................................ 4 Religion and its Teachings are the Most Important Education for All Humanity...................................... 5 Religious Unity and Religious Education Can Facilitate World Peace...................................................... 5 Establishing a Religious Sacred City to Realize Religious Education....................................................... 8 Establishing a Multifaith University and Strengthening Religious Education and Religious Exchange.. 8 Wonderful New Development in the Revival of Religious Education in Indonesia.................................. 9 Indonesian Guest Photos............................................................................................................................ 11 2 “What Should We Do When Hearts are Corrupted and Society is in Chaos? —On Toowoomba, Australia as a Model City of Peace and Harmony........ 16 Unkind Human Mindset is the Root of the Chaotic Society...................................................................... 17 Religious Education is Crucial in Resolving World Crises........................................................................ 19 Cooperation between Religions is the Critical Step..................................................................................
    [Show full text]
  • Lt Gen Gautam Banerjee, PVSM,AVSM,YSM (Retd)
    Lt Gen Gautam Banerjee, PVSM,AVSM,YSM (Retd) | 1 © Vivekananda International Foundation Published in 2021 by Vivekananda International Foundation 3, San Martin Marg | Chanakyapuri | New Delhi - 110021 Tel: 011-24121764 | Fax: 011-66173415 E-mail: [email protected] Website: www.vifindia.org ISBN: 978-81-952151-0-2 Follow us on Twitter | @vifindia Facebook | /vifindia Disclaimer: The paper is the author’s individual scholastic articulation. The author certifies that the article/paper is original in content, unpublished and it has not been submitted for publication/web upload elsewhere, and that the facts and figures quoted are duly referenced, as needed, and are believed to be correct Cover Image Source : https://commons.wikimedia.org All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form, or by any means electronic, mechanical, photocopying, recording or otherwise without the prior permission of the publisher. Contents Abstract 4 Preamble 6 Part I : Overview of PLA’s Pre-2018 Modernisation 10 Part II: Military Reforms and Modernisation: Enunciation of China’s Policy Directives, 2018 – 20 18 Part III: Progress of PLA’s Modernisation Schemes, 2018-20 31 Part IV: Training for Tactical Adaptation to Modernisation 42 Part V: Assessment of the Trends of PLA’s Modernisation, 2018-20 55 Part VI: PLA’s Foreign Military Relation Initiatives, 2018-20 66 Part VII: PLA in Sino-Indian Context, 2018-20 73 Part VII: Overall Assessment of PLA’s Modernisation and War-worthiness 87 Concluding Remarks 94 References 96 Abstract While the current phase of China’s military modernisation began in right earnest since the mid-1990s, it is the period after 2016 when the final step to defence hierarchical reforms was taken.
    [Show full text]
  • Speech at a Ceremony Marking the Centenary of the Communist Party of China July 1, 2021
    Speech at a Ceremony Marking the Centenary of the Communist Party of China July 1, 2021 Xi Jinping Comrades and friends, Today, the first of July, is a great and solemn day in the history of both the Communist Party of China (CPC) and the Chinese nation. We gather here to join all Party members and Chinese people of all ethnic groups around the country in celebrating the centenary of the Party, looking back on the glorious journey the Party has traveled over 100 years of struggle, and looking ahead to the bright prospects for the rejuvenation of the Chinese nation. To begin, let me extend warm congratulations to all Party members on behalf of the CPC Central Committee. On this special occasion, it is my honor to declare on behalf of the Party and the people that through the continued efforts of the whole Party and the entire nation, we have realized the first centenary goal of building a moderately prosperous society in all respects. This means that we have brought about a historic resolution to the problem of absolute poverty in China, and we are now marching in confident strides toward the second centenary goal of building China into a great modern socialist country in all respects. This is a great and glorious accomplishment for the Chinese nation, for the Chinese people, and for the Communist Party of China! Comrades and friends, The Chinese nation is a great nation. With a history of more than 5,000 years, China has made indelible contributions to the progress of human civilization.
    [Show full text]
  • Decoding China's Emerging “Great Power” Strategy in Asia
    freeman chair in china studies Decoding China’s Emerging “Great Power” Strategy in Asia By Christopher K. Johnson Contributing Authors: Ernest Z. Bower, Victor D. Cha, Michael J. Green, and Matthew P. Goodman May 5, 2014 Principal Investigator: Mr. Christopher K. Johnson Senior Advisor and Freeman Chair in China Studies Center for Strategic and International Studies 1616 Rhode Island Avenue NW Washington, DC 20036 Phone: (202) 775-7321 Email: [email protected] INTRODUCTION The course charted by China’s reemergence as a great power over the next few decades represents the primary strategic challenge for the U.S.-Japan security alliance and for the East Asian security landscape writ large. If China’s economic, military, and geopolitical influence continues to rise at even a modest pace during this period, we will witness the largest shift in the global distribution of power since the rise of the United States in the late 19th and early 20th Centuries. And, if China in the next 10-15 years surpasses the United States in purchasing power parity (PPP) terms as the world largest economy, it will mark the first time in centuries that the world’s economic leader will be non-English speaking, non- Western, and non-democratic. Of course, these are some pretty big ifs. To stay on the path toward realizing this new global balance of power, China’s leaders will have to successfully navigate the many challenges they face both at home and abroad. They will have to demonstrate sufficient foresight and flexibility to respond to immediate tactical concerns while always staying mindful of their geostrategic long game.
    [Show full text]
  • The History and Politics of Taiwan's February 28
    The History and Politics of Taiwan’s February 28 Incident, 1947- 2008 by Yen-Kuang Kuo BA, National Taiwan Univeristy, Taiwan, 1991 BA, University of Victoria, 2007 MA, University of Victoria, 2009 A Dissertation Submitted in Partial Fulfillment of the Requirements for the Degree of DOCTOR OF PHILOSOPHY in the Department of History © Yen-Kuang Kuo, 2020 University of Victoria All rights reserved. This dissertation may not be reproduced in whole or in part, by photocopy or other means, without the permission of the author. ii Supervisory Committee The History and Politics of Taiwan’s February 28 Incident, 1947- 2008 by Yen-Kuang Kuo BA, National Taiwan Univeristy, Taiwan, 1991 BA, University of Victoria, 2007 MA, University of Victoria, 2009 Supervisory Committee Dr. Zhongping Chen, Supervisor Department of History Dr. Gregory Blue, Departmental Member Department of History Dr. John Price, Departmental Member Department of History Dr. Andrew Marton, Outside Member Department of Pacific and Asian Studies iii Abstract Taiwan’s February 28 Incident happened in 1947 as a set of popular protests against the postwar policies of the Nationalist Party, and it then sparked militant actions and political struggles of Taiwanese but ended with military suppression and political persecution by the Nanjing government. The Nationalist Party first defined the Incident as a rebellion by pro-Japanese forces and communist saboteurs. As the enemy of the Nationalist Party in China’s Civil War (1946-1949), the Chinese Communist Party initially interpreted the Incident as a Taiwanese fight for political autonomy in the party’s wartime propaganda, and then reinterpreted the event as an anti-Nationalist uprising under its own leadership.
    [Show full text]
  • Projecting Strength in a Time of Uncertainty: China's Military in 2020 Joel Wuthnow, Ph.D. Senior Research Fellow Center
    Projecting Strength in a Time of Uncertainty: China’s Military in 2020 Joel Wuthnow, Ph.D. Senior Research Fellow Center for the Study of Chinese Military Affairs Institute for National Strategic Studies National Defense University Testimony before the U.S.-China Economic and Security Review Commission Hearing on “U.S-China in 2020: Enduring Problems and Emerging Challenges” September 9, 2020 Key Points • The Chinese Communist Party has long considered 2020 a milestone for the completion of important military modernization and reform goals. Chinese officials and media projected confidence that these goals would be completed despite the impact of COVID- 19. Achievements over the past year included new hardware and operational “firsts.” • Chinese media and officials note that there is much ‘unfinished business’ left for the PLA to accomplish. Major challenges include delayed reforms, outdated weapons and equipment, corruption in the officer corps and defense industry, human capital weaknesses, and the lack of updated operational doctrine. The PLA aspires to continue progress on these and other areas through 2035 and mid-century. • Chinese military operations in Asia in 2020 continued a careful balancing act of developing friendly relations with neighbors while pressing China’s territorial claims. However, notable departures from past practice included use of lethal force against Indian troops and escalating tensions with several rivals at the same time. This indicates an increasing propensity for risk-taking in China’s decision calculus, though Beijing ultimately de-escalated tensions with most of its regional rivals. • The PLA’s response to increased U.S. military operations in Asia includes deterrence signaling and steps to weaken U.S.
    [Show full text]
  • China Study Journal
    CHINA STUDY JOURNAL CHINA DESK Churches Together in Britain and Ireland churches. ìogether IN BRITAIN ANO IREIAND® China Study Journal Spring/Summer 2011 Editorial Address: China Desk, Churches Together in Britain and Ireland, 39 Eccleston Square, London SW1V 1BX Email: [email protected] ISSN 0956-4314 Cover: Nial Smith Design, from: Shen Zhou (1427-1509), Poet on a Mountain Top, Ming Dynasty (1368-1644). Album leaf mounted as a hand scroll, ink and water colour on paper, silk mount, image 15 Vi x 23 % inches (38.74 x 60.33cm). © The Nelson-Arkins Museum of Art, Kansas City, Missouri. Purchase: Nelson Trust, 46-51/2. Photograph by Robert Newcombe. Layout by raspberryhmac - www.raspberryhmac.co.uk Contents Section I Articles 5 CASS work group Report on an in-house survey of Chinese 7 Christianity Caroline Fielder Meeting social need through charity: religious 27 contributions in China A new exploration of religious participation in 53 social services - a project research report on the Liaoning Province Catholic Social Service Center Gao Shining & He Guanghu The Central Problem of Christianity in Today's 71 China and some Proposed Solutions Section II Documentation 89 Managing Editor: Lawrence Braschi Translators: Caroline Fielder, Lawrence Braschi Abbreviations ANS : Amity News Service (HK) CASS : Chinese Academy of Social Sciences (Beijing) CCBC : Chinese Catholic Bishops' Conference CCC : China Christian Council CCPA : Chinese Catholic Patriodc Association CM : China Muslim (Journal) CPPCC : Chinese People's Consultative Conference FY : Fa Yin (Journal of the Chinese Buddhist Assoc.) SCMP : South China Morning Post(HK) SE : Sunday Examiner (HK) TF : Tian Feng (Journal of the China Christian Council) TSPM : Three-Self Patriotic Movement UCAN : Union of Catholic Asian News ZENIT : Catholic News Agency ZGDJ : China Taoism (Journal) ZGTZJ : Catholic Church in China (Journal of Chinese Catholic Church) Note: the term lianghui is used in this journal to refer to the joint committees of the TSPM and CCC.
    [Show full text]
  • CHINA VANKE CO., LTD.* 萬科企業股份有限公司 (A Joint Stock Company Incorporated in the People’S Republic of China with Limited Liability) (Stock Code: 2202)
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. CHINA VANKE CO., LTD.* 萬科企業股份有限公司 (A joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 2202) 2019 ANNUAL RESULTS ANNOUNCEMENT The board of directors (the “Board”) of China Vanke Co., Ltd.* (the “Company”) is pleased to announce the audited results of the Company and its subsidiaries for the year ended 31 December 2019. This announcement, containing the full text of the 2019 Annual Report of the Company, complies with the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited in relation to information to accompany preliminary announcement of annual results. Printed version of the Company’s 2019 Annual Report will be delivered to the H-Share Holders of the Company and available for viewing on the websites of The Stock Exchange of Hong Kong Limited (www.hkexnews.hk) and of the Company (www.vanke.com) in April 2020. Both the Chinese and English versions of this results announcement are available on the websites of the Company (www.vanke.com) and The Stock Exchange of Hong Kong Limited (www.hkexnews.hk). In the event of any discrepancies in interpretations between the English version and Chinese version, the Chinese version shall prevail, except for the financial report prepared in accordance with International Financial Reporting Standards, of which the English version shall prevail.
    [Show full text]