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Posts Tagged ‘China’

Windsor Genova – AHN News News Writer

Hong Kong, China (AHN) – A Hong Kong television station was fined $39,000 Tuesday for wrongly broadcasting in July that former Chinese president Jiang Zemin had died.

The Hong Kong Broadcasting Authority (HKBA) slapped the fine on Asia Television Ltd. (ATV), one of two major TV station in Hong Kong. It said ATV vice president Kwong Hoi-ying instructed then vice president for news and public affairs Tammy Tam Wai-yi and then senior vice president for news and public affairs Leung Ka-wing to report Jiang’s death on July 6 after the latter was absent at the 90th anniversary celebration of the founding of the Chinese Communist Party.

Tam and Leung had asked for more time to verify the information on Jiang’s death but Kwong insisted saying he and ATV will take responsibility.

ATV broadcasted the report at 6:30 p.m. and retracted it afternoon the following day after other news media reported that Jiang’s death was pure rumor. ATV issued a public apology for the inaccurate report. Tam and Leung resigned.

The HKBA is still investigating if the owner of ATV, Wong Ching, was involved in the inaccurate report.

Jiang, 85, appeared in public in October when he joined the commemoration of the 100th anniversary of the 1911 Revolution that ended the Chinese imperial dynasty.

Jiang was president from 1993 to 2003 and general secretary of the Communist Party of China from 1989 to 2002.

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China leads in smartphone market

Diane Alter – AHN News Reporter

New York, NY, United States (AHN) – Hello United States, China calling. Have you heard? China now leads in the smartphone market.

The Asian nation overtook the U.S. as the world’s largest smartphone market in volume in the third quarter, according to StrategyAnalytics.

Deliveries of smartphones to operators and retailers in China rose 58 percent in the third quarter to 24 million. That was more than the 23 million units delivered to the U.S. market.

The rapidly growing surge in demand in China was fueled by aggressive subsidies offered by operators for expensive and coveted devices such as Apple’s iPhone, in addition to the growing availability of low-cost models running Google’s Android platform.

Nokia snagged the largest share of the Chinese market, with 29 percent of smartphone sales in the quarter.

Nokia welcomed the news. The struggling Finnish firm saw its global share diminish to 14 percent in the same quarter from 33 percent a year ago.

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Trafficked workers exploited in China

Hanoi, Vietnam (IRIN) – Growing numbers of Vietnamese labourers are being trafficked to factories and plantations in China where they are exploited, according to the UN Inter-Agency Project on Human Trafficking (UNIAP) .

When a woman visited Phan Quoc Suu and Phan Van Lin’s farming village near the Chinese border with offers of well-paid work in China, the two young men suspected little.

“She was Chinese, but came from the same ethnic group as us, and she said that if we went with her, we would get high salaries,” said Suu and Lin, who were 16 and 18, respectively, when they and three other young men from their village left in 2007.

“I recognized her face, but I did not know her personally,” Lin said. “But we thought that since she came to the village so many times and she has relatives here, we could trust her.”

She had promised each about US$200 every month – more than a quarter of the average annual salary for Vietnamese in 2007 – but when they arrived at a brick factory in the mountains of China’s Guangdong province more than 900km away, they realized they had been deceived.

To avoid the beatings other workers suffered, Suu and Lin toiled each day from 5am to 7:30pm.

After two months, they had still not been paid. In the third month, Lin complained to the employer and was paid $80. He took the money and fled back home. Only in the sixth month did Suu manage with co-workers to pool enough cash to escape. He arrived at the border crossing to Vietnam empty-handed.

“When we heard people say this was a bad place and we were deceived, we were scared, but we did not know how to get away. We didn’t have any money,” Suu and Lin said.

“We continued to obey the guards and the employers, so we weren’t beaten. The others who did not obey were beaten,” Lin said. “We decided to stay until we got money and then find a way to escape.”

Cheated and exploited

Following a 2008 law that requires better pay and benefits for nationals, Chinese factories are increasingly turning to foreign workers whom they can pay substantially less, according to a UNIAP report due to be published in December.

Some of these Vietnamese workers may receive contracts, travel papers, and even plane tickets and job training, only to be exploited and abused. Because Vietnamese law only recently recognized such labour abuses as trafficking, statistics on the numbers exploited are scarce.

Some 850,000 legal migrants leave their homes in Vietnam to work abroad each year, according to the government.

“A number of these migrants are trafficked by bad companies. They have their passports confiscated, they have their contracts violated. They are forced to do jobs different from what they agreed prior to departure. They have to work much longer hours,” said Nguyen Ngoc Anh, UNIAP project coordinator in Vietnam.

By international standards, human trafficking is defined as “the recruitment, transport, receipt and harbouring of people for the purpose of exploiting them sexually or for labour”.

Vietnam is not a signatory to the 2000 UN anti-trafficking protocol that defines how deception can turn a voluntary migrant into a trafficking victim.

“Once they end up in another country, instead of being a machine operator, they have to produce bricks. Instead of $10 a day, they get $2 a day. Instead of 9 to 5, it’s 7am to 10pm. That’s when trafficking occurs,” Ngoc Anh said.

Focus on men

Until recently, Vietnamese law focused on women and children trafficked for sex and did not recognize men as victims of sexual violence or address labour exploitation, for either gender, according to UNIAP. In 2009, the penal code was amended from “trafficking in women and children” to address “trafficking in persons”.

From January, a new anti-trafficking law will be enforced, protecting male and female survivors of all types of trafficking.

According to Ngoc Anh, it is crucial that the government target human traffickers and employers, who at present escape unscathed.

“For employers who exploit workers, you can’t do much. They [individuals and companies] may get some administrative fine, but that’s it. They’re not even criminally prosecuted,” she said. “If we can fix the law to make it in line with international standards, it will address a number of issues. More traffickers will be prosecuted, and more victims provided with assistance.”

Meanwhile, authorities are trying to increase awareness about human trafficking in border areas and other locations with vulnerable populations, said Nguyen Van Thai, head of the drugs and crime control office for the Lao Cai Province border military guard command near the Chinese border.

“The less people know about human trafficking, the more risks they face. If people know that there are a lot of tricks waiting for them in China, then they might not go,” he said.

at/pt/mw

– Provided by Integrated Regional Information Networks.

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Vittorio Hernandez – AHN News

New York, NY, United States (AHN) – Foreign students who studied at U.S. colleges and universities went up 4.7 percent to 723,000 during the 2010 academic year, according to a yearly report by the Institute of International Education.

These international students, together with their dependents, contributed over $20 billion to the U.S. economy.

In academic year 2002-03 the number of foreign students went down over tighter immigration policies and concerns over safety as an aftermath of the Sept. 11 attacks. However, international enrollment has increased since 2006-07, increasing 32 percent over the past 10 years, according to the institute.

China topped the number of foreign students for the second year in a row with more than 157,000 students, followed by India (104,000) and South Korea (73,000).

China registered the fastest growth in the number of students, followed by Saudi Arabia, which logged a 44 percent increase with 23,000 students sent. Education experts said the growth in the number of Chinese students in the U.S. is explained by the rise of the middle class in China.

The Asian giant’s one-child policy, in a way, helped because four grandparents could help shoulder the cost of an American education, which is considered of high value in China.

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Tejinder Singh – AHN News Correspondent

Washington, D.C., United States (AHN) – U.S. President Barack Obama is scheduled to meet French President Nicolas Sarkozy and German Chancellor Angela Merkel prior to engaging in official agenda of G20 Summit in Cannes, France on Thursday according to the White House officials.

Addressing journalists Ben Rhodes, the deputy national security advisor for strategic communications announced that President Obama would have two bilateral meetings, “first with President Sarkozy of France, and then with Chancellor Merkel of Germany.”

Citing them as “important meetings for him (President Obama) to have consultations with these leaders before the G20 commences,” Rhodes said the president would also meet the same day, “L20, the international labor leaders who will be in Cannes as a part of the G20 program.”

Although the Obama Administration officials did not announce any bilateral meeting with Chinese leadership, the focus beyond the Eurozone crisis would be on the Chinese currency.

Joining Rhodes at the White House briefing on Monday, Lael Brainard, the Treasury Department’s under secretary for international affairs told journalists, “In China and other surplus emerging-market economies, allowing exchange rates to appreciate to reflect market forces is the most powerful near-term tool to accelerate the shift to domestic consumption, while countering inflationary pressures.”

Brainard urged emerging economies including China, “to shift to domestic consumption-led growth, rather than relying on an outdated growth model based on net exports to advanced economies where demand is likely to be weak for some time.”

“The exchange rate plays the most powerful potential near-term role as a lever in helping that shift,” added Brainard.

On the question of dealing with the Wall Street fiasco, Brainard said, “With regard to discussions about getting the financial sector to bear their fair share of the burden, we’re very much in sync with Europe on their goal of ensuring both that the financial sector — large financial institutions — bear their fair share of the burden, but also that they’re discouraged from taking the kind of risky behavior that led to the crisis.”

Elaborating Brainard said, “The President has also put forward a financial crisis responsibility fee that would be directed at the largest financial institutions that really impose the greatest costs on the economy.”

Calling these proposals as “pretty well designed to both deter the kind of risky behavior that led to the crisis, and to ensure that these large financial institutions and not retail investors bear their fair share of the burden,” Brainard said, “We put forward the fee because we think it’s more important to put the burden on the largest financial institutions rather than shifting it to retail investors.”

On the domestic political situation accompanying President Obama on his G20 trip, Carney last week acknowledged “gridlock” with Republican leaders as the lawmakers dragged their feed on Obama’s ambitious $447 billion jobs bill, and slow progress at a bipartisan congressional committee shouldering the responsibility to cut at least $1.2 trillion in additional spending.

Sounding a positive note, Carney, however added, “The president’s message to the Europeans and broadly to all the members of the G20 is that we need to work individually as countries and collectively together to ensure that we sustain and continue the global economic recovery and to put our people broadly speaking back to work.”

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Chinese companies buying automaker Saab

Linda Young – AHN News Writer

Stockholm, Sweden (AHN) – Struggling automotive icon Saab will change hands again in a proposed deal to save it from bankruptcy by selling it to two Chinese companies.

Swedish Automotive will sell its Saab unit to Chinese distributor Pang Da Automobile Trade and auto manufacturer Zhejiang Youngman Lotus Automobile. The two will pay a mere $142 million for the 62-year old auto manufacturer.

General Motors sold Saab to Swedish Automotive only 2 years ago as part of GM’s restructuring to avoid bankruptcy itself.

Since that sale, Saab has had extreme economic woes that it has not manufactured a car since April and it has been in court trying to avoid bankruptcy.

China has become the world’s largest market for automobiles.

Chinese automakers bought another iconic struggling automaker last year, Volvo.

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Tom Ramstack – AHN News Legal Correspondent

Washington, D.C., United States (AHN) – The New York Stock Exchange closed up but the Nasdaq was down Thursday as fears continue that the European debt crisis is getting out of control.

A default among major European countries is likely to drag down the U.S. economy too, possibly into another recession, according to economists.

The risk to the U.S. economy is bringing warnings from President Barack Obama and becoming part of the campaign rhetoric of his opponents in the 2012 presidential race.

Obama said during a cross-country tour this week to promote his job creation proposals that Europe’s debt crisis is “scaring the world.”

He is urging European leaders to move quickly to resolve their debt problems.

He blamed setbacks this year for the U.S. recovery on international turmoil, such as European debt and Arab Spring uprisings that drove up oil prices.

Europe’s biggest unknown is Greece, where the government is seeking a bailout from the European Union as its debt rises.

The 17 member nations are considering enlarging the European Financial Stability Facility, a fund that would provide bailout loans and financial incentives when any one of the Union’s economies stumbles.

Finland voted this week to enlarge the fund, which would require each European Union country to contribute more money.

However, all of the member countries must approve the proposal before the fund could be enlarged.

“They have not fully healed from the crisis back in 2007 and never fully dealt with all the challenges that their banking system faced,” Obama said during a speech in Mountain View, Calif. “It is now being compounded with what is happening in Greece.”

China joined the United States during a recent International Monetary Fund meeting to encourage the European Union to control its debt crisis.

“So they are going through a financial crisis that is scaring the world and they are trying to take responsible actions but those actions haven’t been quite as quick as they need to be,” Obama said.

The United States exports about $240 billion in goods to Europe each year but imports about $320 billion.

Many of the jobs in Obama’s $447 billion job creation proposal depend on a strong import-export market with Europe.

With unemployment stuck at around 9.2 percent, Obama wants to raise taxes on the wealthy and give tax breaks to employers who hire more workers.

“The income of folks at the top has gone up exponentially over the last couple of decades while the incomes of the middle class have flat lined over the last 15 years,” Obama said.

Republican presidential candidates, such as Rick Perry and Mitt Romney, are skeptical of Obama’s proposal because of the tax increase for the highest income earners. They say it would hurt job creation.

Economists are saying saving the U.S. economy could depend heavily on what European leaders decide in the next few days.

Before they can take decisive action, European leaders must reach agreement.

However, leaders from the most economically powerful countries – such as Germany – risk losing popular support if they make too many concessions to help out weaker neighbor nations, according to economists.

Meanwhile, as the euro loses value on international markets, American investments in Europe are weakening.

Their business losses eventually could mean fewer American jobs.

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Latin America prepares for economic downturn

Tom Ramstack – AHN News Legal Correspondent

Washington, DC, United States (AHN) – Latin American finance ministers are trying to shield their countries from disaster amid predictions U.S. government budget cutbacks could hurt the region’s economies.

Economic ministers from the 11-nation Unasur organization met last week in Buenos Aires, Argentina, to discuss defensive strategies. They are working on an agreement that would create a roughly $12 billion emergency fund to bail out collapsing economies.

They also seek to reduce their dependence on the U.S. dollar for international trade and to develop policies to balance their trade deficits.

Unasur consists of Brazil, Colombia, Bolivia, Chile, Ecuador, Guyana, Paraguay, Peru, Surinam, Uruguay and Venezuela.

So far, Latin America’s economy has avoided the worst of the economic collapses in the United States and Europe that began in 2008 with a stock market collapse and recession. A brief drop in commodities prices along with government spending programs that shored up declining industries helped them avoid the worst of the crisis. However, economists predict the resilience of Latin American economies will not last much longer.

South American economies grew at an average of 6.6 percent last year, according to the International Monetary Fund.The Fund’s economists predict growth will slow to 4.7 percent this year and 4.1 percent in 2012.

By comparison, U.S. economic growth this year is running at 2 percent. Some European countries are showing no growth.

Stock markets in Latin American countries fell as much as 15 percent last week on news the credit rating service Standard & Poor’s downgraded the U.S. credit rating to double-A plus from triple-A.

Augusto de la Torre, the World Bank’s chief economist for Latin America and the Caribbean, said this week the outlook for Latin America is uncertain as concerns grow about another crisis for the United States and Europe.

China could be the next to falter as Western markets dry up for their manufactured products, he said.

“If China has a hard landing, that will hit us hard,” de la Torre told the Peruvian news media during an economic meeting.

Unasur leaders are exploring options to increase trade with China as its Western markets for manufactured products fizzle.

Protecting the economy is a major campaign issue in Argentina, where current president Cristina Fernandez won a landslide victory in primary elections this week.

She said at a press conference after the primaries that keeping Argentina’s economy strong would be a top priority for her if she is re-elected in October.

Low-income persons are most likely to be hurt by U.S. budget cuts that could reverberate around the world, including Argentina, she said.

Wall Street economists warn that her policies of price controls and using central bank reserves to pay debts could backfire for South America’s third largest economy.

The policies strengthen government control but depress market forces that help to balance the economy, according to some economists.

Argentina’s inflation rate is running close to 25 percent.

Other economic concerns are arising in Brazil, where inexpensive imported products are hurting the domestic manufacturing industry.

Chile and Peru still have stable economies as investors try to protect their assets by purchasing gold and copper, but economists predict declines in the precious metals market.

A decrease in demand for oil is depressing the economies of Venezuela and Mexico.

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UK student crowned World Excel Champion

Diane Alter – AHN News Trivia Writer

San Diego, CA, United States (AHN) – Rebecca Rickwood, a 15-year-old British student, has won the title of Microsoft Excel World Champion.

Rebecca was one of 228,000 competitors from 57 countries. She went on to beat 78 students in the final round. Competitors were required to perform timed tests to demonstrate their skill at making spreadsheets.

Rebecca was presented with a check for $5,000 for her win in a ceremony in San Diego, CA. She is a student at Sawtry Community College, a specialist math and computing secondary school in Cambridgeshire, England.

Rebecca was the only winner in the competition from outside Asia. The other four Excel, Word and Power Point categories were won by competitors from China, Japan, Malaysia and Taiwan.

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China warns U.S. on managing debt

Diane Alter – AHN News Trivia Writer

Hong Kong, China (AHN) – To date, China has had no problem buying United States debt, but recently, it seems they are having second thoughts.

On Wednesday, China’s central bank governor called for the U.S. to “take responsible policy measures to handle its debt.” The announcement came a day after the U.S., the world’s largest economy, reached a bipartisan deal to reduce its deficit and raise its borrowing limit to avoid a default.

The comments from Zhou Xiachochun, posted on the central bank’s website, signal China is having second thoughts on where to stash its cash.

The risk that the U.S. might lose its stellar AAA rating may have pushed China’s reserve managers to consider other options, such as Australian and Canadian reserves. Gold is another option, and any substantial move by China into the shiny precious metal at current levels would support and move gold prices upward.

The U.S. avoided default by raising the $14.3 trillion debt ceiling, but they also raised the risk of lowering their credit rating.

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