Socioterritorial Fractures in China: the Unachievable “Harmonious Society”?
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Interim Report Report Interim
CITICPacific interimreport CITIC Pacific Ltd 32/F CITIC Tower 2008 1 Tim Mei Avenue Central, Hong Kong Tel: +852 2820 2111 Fax: +852 2877 2771 www.citicpacific.com interim report 2008 Stock code: 0267 1 Financial Highlights 2 Major Businesses 3 Chairman’s Letter to Shareholders 5 Financial Review 19 Human Resources Financial Statements 20 Consolidated Profit and Loss Account 21 Consolidated Balance Sheet 22 Consolidated Cash Flow Statement 24 Consolidated Statement of Changes in Equity 25 Notes to the Accounts 30 Report on Review of Interim Financial Report Statutory Disclosure 31 Dividend and Closure of Register 31 Share Option Plan 34 Directors’ Interests in Securities 37 Substantial Shareholders 38 Share Capital 39 Continuing Disclosure Requirements under Rule 13.22 of the Listing Rules 40 Corporate Governance 41 Definition of Terms 42 Corporate Information financial highlights 2008 2007 in HK$ million six months ended 30 June Profit Attributable to Shareholders 4,377 4,968 Major Businesses’ Contribution Special Steel 1,839 1,123 Property 453 446 Infrastructure 689 844 Listed Subsidiaries CITIC 1616 83 2,020 Dah Chong Hong 151 187 Fair Value change of Investment Properties 490 416 Net Gain from Sale of Listed Shares 843 – Cash Contributed from all Businesses 5,295 4,316 as at as at 30 June 31 December Capital Employed 102,966 88,447 Shareholders’ Funds 61,060 59,793 Net Debt 31,211 20,609 Cash & Available Committed Loan Facilities 30,181 26,589 in HK$ six months ended 30 June Earnings per Share 1.99 2.25 Dividends per Share Regular 0.30 0.40 Special – 0.20 Staff 25,177 23,989 Please refer to Definition of Terms on page 41 CITIC Pacific Interim Report 2008 1 major businesses CITIC Pacific has unrivalled experience and expertise in operating businesses in China both on the mainland and in Hong Kong. -
An Evaluation of Poverty Prevalence in China: New Evidence from Four
An Evaluation of Poverty Prevalence in China: New Evidence from Four Recent Surveys Chunni ZHANG, Qi XU, Xiang ZHOU, Xiaobo ZHANG, Yu XIE Abstract In this paper, we calculate and compare the poverty incidence rate in China using four nationally representative surveys: the China Family Panel Studies (CFPS, 2010), the Chinese General Social Survey (CGSS, 2010), the Chinese Household Finance Survey (CHFS, 2011), and the Chinese Household Income Project (CHIP, 2007). Using both international and official domestic poverty standards, we show that poverty prevalence at the national, rural, and urban levels based on the CFPS, CGSS and CHFS are much higher than official estimation and those based on the CHIP. The study highlights the importance of using independent datasets to validate official statistics of public and policy concern in contemporary China. 1 An Evaluation of Poverty Prevalence in China: New Evidence from Four Recent Surveys Since the economic reform began in 1978, China’s economic growth has not only greatly improved the average standard of living in China but also been credited with lifting hundreds of millions of Chinese out of poverty. According to one report (Ravallion and Chen, 2007), the poverty rate dropped from 53% in 1981 to 8% in 2001. Because of the vast size of the Chinese population, even a seemingly low poverty rate of 8% implies that there were still more than 100 million Chinese people living in poverty, a sizable subpopulation exceeding the national population of the Philippines and falling slightly short of the total population of Mexico. Hence, China still faces an enormous task in eradicating poverty. -
Englischer Diplomat, Commissioner Chinese Maritime Customs Biographie 1901 James Acheson Ist Konsul Des Englischen Konsulats in Qiongzhou
Report Title - p. 1 of 348 Report Title Acheson, James (um 1901) : Englischer Diplomat, Commissioner Chinese Maritime Customs Biographie 1901 James Acheson ist Konsul des englischen Konsulats in Qiongzhou. [Qing1] Aglen, Francis Arthur = Aglen, Francis Arthur Sir (Scarborough, Yorkshire 1869-1932 Spital Perthshire) : Beamter Biographie 1888 Francis Arthur Aglen kommt in Beijing an. [ODNB] 1888-1894 Francis Arthur Aglen ist als Assistent für den Chinese Maritime Customs Service in Beijing, Xiamen (Fujian), Guangzhou (Guangdong) und Tianjin tätig. [CMC1,ODNB] 1894-1896 Francis Arthur Aglen ist Stellvertretender Kommissar des Inspektorats des Chinese Maritime Customs Service in Beijing. [CMC1] 1899-1903 Francis Arthur Aglen ist Kommissar des Chinese Maritime Customs Service in Nanjing. [ODNB,CMC1] 1900 Francis Arthur Aglen ist General-Inspektor des Chinese Maritime Customs Service in Shanghai. [ODNB] 1904-1906 Francis Arthur Aglen ist Chefsekretär des Chinese Maritime Customs Service in Beijing. [CMC1] 1907-1910 Francis Arthur Aglen ist Kommissar des Chinese Maritime Customs Service in Hankou (Hubei). [CMC1] 1910-1927 Francis Arthur Aglen ist zuerst Stellvertretender General-Inspektor, dann General-Inspektor des Chinese Maritime Customs Service in Beijing. [ODNB,CMC1] Almack, William (1811-1843) : Englischer Teehändler Bibliographie : Autor 1837 Almack, William. A journey to China from London in a sailing vessel in 1837. [Reise auf der Anna Robinson, Opiumkrieg, Shanghai, Hong Kong]. [Manuskript Cambridge University Library]. Alton, John Maurice d' (Liverpool vor 1883) : Inspektor Chinese Maritime Customs Biographie 1883 John Maurice d'Alton kommt in China an und dient in der chinesischen Navy im chinesisch-französischen Krieg. [Who2] 1885-1921 John Maurice d'Alton ist Chef Inspektor des Chinese Maritime Customs Service in Nanjing. -
Chapter 7 Child Poverty and Well-Being in China in the Era of Economic Reforms and External Opening *
HARNESSING GLOBALISATION FOR CHILDREN: A report to UNICEF Chapter 7 Child poverty and well-being in China in the era of economic reforms and external opening * Lu Aiguo and Wei Zhong Summary: During its period of reforms and openness China has achieved positive results in per capita income growth and poverty reduction. However, there is evidence that the most significant progress in poverty reduction occurred in the early days of reform when openness and trade liberalization were not yet playing a major role. At the same time, increasing income inequality (in particular the inequality between regions and between rural and urban areas) explains the persistence of poverty in the midst of rapid growth and jeopardizes the broad-based growth pattern. The chapter examines the changes in child well-being in China over the last two decades, with poverty as the central focus. Its policy recommendations insist on the role of central government in sustaining the rural economy and “developing the west” to reduce the bias for east-coastal and urban development. Policies to accelerate the establishment of social safety nets, welfare programmes – particularly those targeted at children – and the enforcement of reasonable labour and social standards for small and medium-sized enterprises are also necessary to reinforce the ‘equality’ that is currently in short supply in China. JEL: D63, F43, I31, J13 * This study presents the views of its authors and not the official UNICEF position in this field. ------------------------------------------------------------------------------------------------ ----------- CHAPTER 7: CHILD WELL-BEING IN CHINA IN THE ERA OF ECONOMIC REFORMS This is chapter 7 of the overall study “Harnessing Globalisation for Children” edited by Giovanni Andrea Cornia 2 HARNESSING GLOBALISATION FOR CHILDREN: A report to UNICEF 1. -
OFFICIAL RECORD of PROCEEDINGS Thursday, 12 July
LEGISLATIVE COUNCIL ─ 12 July 2007 10569 OFFICIAL RECORD OF PROCEEDINGS Thursday, 12 July 2007 The Council continued to meet at Nine o'clock MEMBERS PRESENT: THE PRESIDENT THE HONOURABLE MRS RITA FAN HSU LAI-TAI, G.B.M., G.B.S., J.P. THE HONOURABLE JAMES TIEN PEI-CHUN, G.B.S., J.P. THE HONOURABLE ALBERT HO CHUN-YAN IR DR THE HONOURABLE RAYMOND HO CHUNG-TAI, S.B.S., S.B.ST.J., J.P. THE HONOURABLE LEE CHEUK-YAN THE HONOURABLE FRED LI WAH-MING, J.P. DR THE HONOURABLE LUI MING-WAH, S.B.S., J.P. THE HONOURABLE MARGARET NG THE HONOURABLE MRS SELINA CHOW LIANG SHUK-YEE, G.B.S., J.P. THE HONOURABLE JAMES TO KUN-SUN THE HONOURABLE CHEUNG MAN-KWONG THE HONOURABLE CHAN YUEN-HAN, S.B.S., J.P. THE HONOURABLE BERNARD CHAN, G.B.S., J.P. 10570 LEGISLATIVE COUNCIL ─ 12 July 2007 THE HONOURABLE CHAN KAM-LAM, S.B.S., J.P. THE HONOURABLE MRS SOPHIE LEUNG LAU YAU-FUN, G.B.S., J.P. THE HONOURABLE LEUNG YIU-CHUNG THE HONOURABLE SIN CHUNG-KAI, S.B.S., J.P. DR THE HONOURABLE PHILIP WONG YU-HONG, G.B.S. THE HONOURABLE WONG YUNG-KAN, S.B.S., J.P. THE HONOURABLE JASPER TSANG YOK-SING, G.B.S., J.P. THE HONOURABLE HOWARD YOUNG, S.B.S., J.P. DR THE HONOURABLE YEUNG SUM, J.P. THE HONOURABLE LAU CHIN-SHEK, J.P. THE HONOURABLE LAU KONG-WAH, J.P. THE HONOURABLE LAU WONG-FAT, G.B.M., G.B.S., J.P. -
WIC Template 13/9/16 11:52 Am Page IFC1
In a little over 35 years China’s economy has been transformed Week in China from an inefficient backwater to the second largest in the world. If you want to understand how that happened, you need to understand the people who helped reshape the Chinese business landscape. china’s tycoons China’s Tycoons is a book about highly successful Chinese profiles of entrepreneurs. In 150 easy-to- digest profiles, we tell their stories: where they came from, how they started, the big break that earned them their first millions, and why they came to dominate their industries and make billions. These are tales of entrepreneurship, risk-taking and hard work that differ greatly from anything you’ll top business have read before. 150 leaders fourth Edition Week in China “THIS IS STILL THE ASIAN CENTURY AND CHINA IS STILL THE KEY PLAYER.” Peter Wong – Deputy Chairman and Chief Executive, Asia-Pacific, HSBC Does your bank really understand China Growth? With over 150 years of on-the-ground experience, HSBC has the depth of knowledge and expertise to help your business realise the opportunity. Tap into China’s potential at www.hsbc.com/rmb Issued by HSBC Holdings plc. Cyan 611469_6006571 HSBC 280.00 x 170.00 mm Magenta Yellow HSBC RMB Press Ads 280.00 x 170.00 mm Black xpath_unresolved Tom Fryer 16/06/2016 18:41 [email protected] ${Market} ${Revision Number} 0 Title Page.qxp_Layout 1 13/9/16 6:36 pm Page 1 china’s tycoons profiles of 150top business leaders fourth Edition Week in China 0 Welcome Note.FIN.qxp_Layout 1 13/9/16 3:10 pm Page 2 Week in China China’s Tycoons Foreword By Stuart Gulliver, Group Chief Executive, HSBC Holdings alking around the streets of Chengdu on a balmy evening in the mid-1980s, it quickly became apparent that the people of this city had an energy and drive Wthat jarred with the West’s perception of work and life in China. -
Coming Back Home After the Sun Rises: Returnee Entrepreneurs and Growth of High Tech Industries
G Model RESPOL-2772; No. of Pages 17 ARTICLE IN PRESS Research Policy xxx (2012) xxx–xxx Contents lists available at SciVerse ScienceDirect Research Policy jou rnal homepage: www.elsevier.com/locate/respol Coming back home after the sun rises: Returnee entrepreneurs and growth of high tech industries a,b c,∗ d Martin Kenney , Dan Breznitz , Michael Murphree a Department of Human and Community Development, University of California, Davis, United States b Berkeley Roundtable on the International Economy, United States c The Scheller College of Business, Georgia Institute of Technology, United States d Sam Nunn School of International Affairs, Georgia Institute of Technology, United States a r t i c l e i n f o a b s t r a c t Article history: Recently, the role of returnees in the economic development of various East Asian nations has received Received 6 November 2011 much attention. The early literature on the relocation of the most highly trained individuals from a devel- Received in revised form 30 July 2012 oping nation to a developed nation viewed the phenomena as a “brain drain.” Since the 1990s, a new Accepted 4 August 2012 strand of thinking has suggested that for developing nations this was actually a positive phenomenon; as Available online xxx these expatriates studied and then worked abroad, they absorbed technical expertise, managerial, and entrepreneurial skills. These theories stipulated that these expatriates then returned home, and ignited Keywords: a virtuous circle of technological entrepreneurship leading to rapid economic development. Much of this High skilled immigrants Innovation literature gives returnees a critical role in the home country’s take-off period of the local information and communications technology (ICT) industry. -
5 China Dreaming
5 China Dreaming Representing the Perfect Present, Anticipating the Rosy Future Stefan Landsberger Abstract As China has developed into a relatively well-offf, increasingly urbanized nation, educating the people has become more urgent than ever. Rais- ing (human) quality (素质) has become a major concern for educators and intellectuals who see moral education as a major task of the state. The visual exhortations in public spaces aimed at moral education are dominated by dreaming about a nation that has risen and needs to be taken seriously. The visualization of these dreams resembles commercial advertising, mixing elements like the Great Wall or the Tiananmen Gate building with modern or futuristic images. This chapter focuses on posters, looking at the changes in contents and representation of government visuals in an increasingly urbanized and media-literate society. Keywords: visual propaganda; governmentality; normative propaganda; Chinese Dream; Beijing Olympics 2008 Sometimes one still encounters hand-painted faded slogans in the coun- tryside urging those working in agriculture to learn from Dazhai, or to energetically study Mao Zedong Thought. By and large, political messages and the images they use have disappeared from Chinese public spaces, in particular in urban areas. Yet, the production of these images, of what we would call propaganda, has not stopped; the government remains com- mitted to educating the people, as it has over the millennia. Compared to the fijirst three decades of the People’s Republic, the messages have shifted to moral and normative topics, and their visualization has become much more sophisticated than in the earlier periods. This is partly because they Valjakka, Minna & Wang, Meiqin (eds.), Visual Arts, Representations and Interventions in Contemporary China: Urbanized Interface. -
HU Jintao Hú Jǐntāo 胡锦涛 B
◀ HU Die Comprehensive index starts in volume 5, page 2667. HU Jintao Hú Jǐntāo 胡锦涛 b. 1942 President of China (2002– present) Hu Jintao is the current President of the Peo- of Guizhou Province (July 1985–November 1988), and the ple’s Republic of China. During his two terms party secretary of the Tibet Autonomous Region (De- in office he has faced several crises, with vary- cember 1988–January 1991). Currently Hu serves as presi- ing degrees of success. His handling of the dent of the PRC, as well as general secretary of CCP’s Central Committee, and chairman of the CCP’s Military 2008 Sichuan earthquake was initially praised Affairs Committee. for his break from previous government se- Since his succession to Jiang Zemin, Hu Jintao has crecy but later criticized outside China after taken an active role in developing China’s foreign rela- widespread media censorship of the event be- tions. The first developments were the introduction of came apparent. He has been very active in pro- the concepts “harmonious society” and “peaceful rise,” moting development at home and improving the latter of which was proposed in 2003 by Chairman foreign relations, notably with Taiwan. of the China Reform Forum Zheng Bijian. Peaceful rise, later termed the peaceful development path by Hu, was touted as a path of economic development that could raise “China’s population out of a state of underdevelopment” orn in Shanghai in December 1942, with ances- (Glaser & Medeiros 2007, 295) while working coopera- tral roots in Anhui Province, Hu Jintao gradu- tively with other countries to promote national security ated in 1965 from China’s Qinghua University, and world peace. -
Democratic Centralism and Administration in China
This is the accepted version of the chapter published in: F Hualing, J Gillespie, P Nicholson and W Partlett (eds), Socialist Law in Socialist East Asia, Cambridge University Press (2018) Democratic Centralism and Administration in China Sarah BiddulphP0F 1 1. INTRODUCTION The decision issued by the fourth plenary session of the 18th Central Committee of the Chinese Communist Party (CCP, or Party) in 2014 on Some Major Questions in Comprehensively Promoting Governing the Country According to Law (the ‘Fourth Plenum Decision’) reiterated the Party’s determination to build a ‘socialist rule of law system with Chinese characteristics’.P1F 2P What does this proclamation of the ‘socialist’ nature of China’s version of rule of law mean, if anything? Development of a notion of socialist rule of law in China has included many apparently competing and often mutually inconsistent narratives and trends. So, in searching for indicia of socialism in China’s legal system it is necessary at the outset to acknowledge that what we identify as socialist may be overlaid with other important influences, including at least China’s long history of centralised, bureaucratic governance, Maoist forms of ‘adaptive’ governanceP2F 3P and Western ideological, legal and institutional imports, outside of Marxism–Leninism. In fact, what the Chinese party-state labels ‘socialist’ has already departed from the original ideals of European socialists. This chapter does not engage in a critique of whether Chinese versions of socialism are really ‘socialist’. Instead it examines the influence on China’s legal system of democratic centralism, often attributed to Lenin, but more significantly for this book project firmly embraced by the party-state as a core element of ‘Chinese socialism’. -
Generational Change in Chinese ICT Entrepreneurs and Their
IFEAMA SPSCP Vol.2 pp.17-24 IFEAMA All right reserved Generational Change in Chinese ICT Entrepreneurs and their Business Models: A Review of A. Saxenian’s Brain Circulation Model Ritsumeikan University, Kyoto, Japan Ryoji NAKAGAWA rnt20014@ir.ritsumei.ac.jp 1. Rapid Growth of Chinese ICT Industry When the Chinese government began its Reform and Opening Policy in 1978, Chinese GDP per capita was less than $400. In 1980, the number of telephone subscribers per 100 inhabitants in China was only 0.63, and in 1983 the development of machinery compatible with the IBM PC had only just started. Under a market-oriented and outward-looking policy, however, China achieved amazingly rapid and continuous economic development, so that its GDP per capita reached $3,678 in 2009. China has already become one of the biggest ICT manufacturing countries in the world. In 2008, of the world’s PCs, around 40%, or 136 million units, were made in China. As the PC factory of the world, China exported 80% of these, but 20% were sold to the Chinese market, which has also become one of the biggest markets in the world, around three times the size of the Japanese PC market. Lenovo, the top Chinese PC manufacturer, merged with IBM’s PC Division in 2005 and became the world’s third largest PC manufacturer (dropping to fourth, however, after the takeover of Gateway by Acer). As of June 2010, China has 805.3 million mobile phone subscribers, or around 16% of the world’s total and around eight times as many as Japan. -
Chinks in the Armour of Hu Jintao Administration: Can a Harmonious Society Emerge in the Absence of Political Reform?
China Perspectives 2007/3 | 2007 Creating a Harmonious Society Chinks in the Armour of Hu Jintao Administration: Can a Harmonious Society Emerge in the Absence of Political Reform? Willy Wo-Lap Lam Édition électronique URL : http://journals.openedition.org/chinaperspectives/1963 DOI : 10.4000/chinaperspectives.1963 ISSN : 1996-4617 Éditeur Centre d'étude français sur la Chine contemporaine Édition imprimée Date de publication : 15 septembre 2007 ISSN : 2070-3449 Référence électronique Willy Wo-Lap Lam, « Chinks in the Armour of Hu Jintao Administration: Can a Harmonious Society Emerge in the Absence of Political Reform? », China Perspectives [En ligne], 2007/3 | 2007, mis en ligne le 01 septembre 2010, consulté le 28 octobre 2019. URL : http://journals.openedition.org/ chinaperspectives/1963 ; DOI : 10.4000/chinaperspectives.1963 © All rights reserved Provided by OpenEdition CORE Metadata, citation and similar papers at core.ac.uk Special feature s e v Chinks in the Armour of the i a t c n i e Hu Jintao Administration h p s c r Can a Harmonious Society Emerge in the Absence of Political Reform? e p WILLY WO-LAP LAM The leitmotif of the much-anticipated Seventeenth CCP Congress in October 2007 was how to give substance to the goal of “constructing a harmonious society.” However, the Hu-Wen leadership’s refusal to undertake real political reforms, especially sharing power with “disadvantaged” socio-economic groupings, has exacerbated differences across disparate classes and sectors. This article argues that “harmony” can hardly be attained while the Party— which is in cahoots with monopolistic business groups—refuses to yield the tight grip it has on power and its ironclad control over the nation’s resources.