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Media Report
January 22 , 2015
  • "China is moving to get rid of targets for arrests and convictions, which were previously used to assess the performances of Chinese officials in law enforcement and the judiciary...The 'rule of law' was under the microscope on Tuesday, when the Political and Legal Committee met in Beijing to take the first concrete steps toward reform. As with China's more general economic reforms, one of the major levers the government has for changing behavior is to change the way the Party assesses local performance. Setting targets for arrest and conviction rates can encourage local police, lawyers, and judges to seek a rapid conclusion to a case - regardless of whether or not justice is served," explains an opinion article from The Diplomat.  

  • According to Bloomberg, "With U.S. President Barack Obama's visit to India just days away, Prime Minister Narendra Modi is focused more on boosting the use of renewables in his country than committing to cuts in greenhouse-gas emissions. Obama announced a pact with China two months ago for capping emissions, raising the pressure on India, the third-biggest greenhouse polluter behind those two countries, to follow suit...India is expected to surpass China as the world's fastest-growing energy user in the next decade. It's vowed a 25 percent cut in its carbon intensity: the amount of heat-trapping carbon dioxide released per unit of gross domestic product. Developed nations have pushed for a more stringent commitment of capping total emissions -- something China, the world's top emitter, agreed to do in its November pact with the U.S." 

  • The Wall Street Journal reports, "China's central bank injected cash into the money markets Thursday using short-term instruments it hasn't used in a year, spurring speculation that further loosening of monetary policy may be on the way as the economy grows at its slowest rate in more than two decades. The People's Bank of China offered 50 billion yuan ($8 billion) of seven-day reverse repos, a short-term lending facility to commercial banks, in its open-market operation Thursday... It may also help calm markets after stocks tumbled the most in six years Monday following moves by the regulator to clamp down on borrowing by individual investors. Liu Dongliang, a senior analyst with China Merchants Bank said he expects the liquidity injections to continue and says the central bank may also take even more aggressive measures to spur growth like cutting benchmark interest rates." 

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