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Media Report
November 03 , 2016
  • The Wall Street Journal Reports: "In the northeast rust belt, ailing industries are increasingly less able to pay into plans for retiring workers, as a slowing economy hastens a pension crisis...'It used to be the system took care of you,' said Zhao Zhonghao, a railway engineer in Shenyang who began his career shoveling coal. The 54-year-old is revising his retirement dream of painting, traveling and reading the classics, concerned his pension will be slashed. 'I have to be prepared for that,' he said...The Chinese Academy of Social Sciences, the country's chief think tank, predicts China's pension surplus will turn into a deficit by 2023. By 2050, it predicts, the cumulative deficit will be $118 trillion barring significant policy changes...'There's a real loss of trust,' said Mr. Zhao, whose father was also a rail worker during the 1960s and '70s. 'If my father heard about these problems now, he'd never believe it."
  • The Associated Press reports: "Germany's European Union commissioner has apologized for making a derogatory reference to Chinese people and for mocking gay marriage. Early this week, remarks surfaced from Guenther Oettinger, a member of Chancellor Angela Merkel's conservative party, referring to 'slanty eyes' and also to 'obligatory gay marriage' in Germany. On Thursday, Oettinger said 'I would like to apologize for any remark that was not as respectful as it should have been.' Oettinger said his remarks 'have created bad feelings and may even have hurt people.' Oettinger had come under increasing criticism, even though the German government and the EU Commission stood by him."
  • The Guardian reports: "Western governments should challenge China on human rights and stand up for their principles, dissident artist Ai Weiwei has said – lamenting the repression faced by Chinese activists but declaring that Beijing's 'business partners' in the rest of the world should not fear making it worse...'If you touch any political issues there's no such thing as rule of law,' Ai said. 'It's getting really very bad, I should say, the situation. It's almost no space.'...'You just defend some people being wrongly accused, you can be put in jail,' Ai said. 'And many of them are being falsely accused without trial, they're still in jail.'...'It doesn't matter it will hurt me or not, you have to do what you think is right,' Ai said during an event at the Council on Foreign Relations in New York. 'You have to believe they have to listen. You know, they have to care about their business partner … or they have to respect."
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