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Media Report
January 05 , 2017
  • The Guardian：China to invest £292bn in renewable power by 2020
    The Guardian reports: "China will plough 2.5tn yuan (£292bn) into renewable power generation by 2020, the country's energy agency has said, as the world's largest energy market continues to shift away from dirty coal power towards cleaner fuels. The investment will create more than 13m jobs in the sector, the National EnergyAdministration said in a blueprint document that lays out its plan to develop the nation's energy sector during the five-year 2016 to 2020 period. The NEA said installed renewable power capacity including wind, hydro, solar and nuclear power would contribute to about half of new electricity generation by 2020.  The agency did not disclose more details on where the funds, which equate to about £58bn each year, would be spent. Still, the investment reflects Beijing's continued focus on curbing the use of fossil fuels, which have fostered the country's economic growth over the past decade, as it ramps up its war on pollution."
  • The New York Times：Apple Removes New York Times Apps From Its Store in China
    The New York Times reports: "Apple, complying with what it said was a request from Chinese authorities, removed news apps created by The New York Times from its app store in China late last month. The move limits access to one of the few remaining channels for readers in mainland China to read The Times without resorting to special software. The government began blocking The Times's websites in 2012, after a series of articles on the wealth amassed by the family of Wen Jiabao, who was then prime minister, but it had struggled in recent months to prevent readers from using the Chinese-language app...'For some time now the New York Times app has not been permitted to display content to most users in China and we have been informed that the app is in violation of local regulations,' Fred Sainz, an Apple spokesman, said of the Times apps...The regulations say apps cannot 'engage in activities prohibited by laws and regulations such as endangering national security, disrupting social order and violating the legitimate rights and interests of others.' "
  • Quartz：Technology killed manufacturing jobs; trade is what will bring their replacement
    Quartz comments: "Welcome to the new world order. After years of liberalization, globalization is in retreat. Populist political victories and backroom deals to strongarm encourage firms to keep manufacturing jobs at home are our new realities...In the US, politicians advocating for less trade and less immigrant labor frequently ignore a far bigger force for the economy to reckon with: technology, which has killed enormous numbers of routine, low-skill jobs over the last 20 years (It also created new jobs for skilled workers, so the net effect has been little change in employment levels.)...Now that China is getting richer its labor is more expensive. Currency manipulation for the purpose of boosting exports will be more expensive, and undesirable, to maintain. And there's already evidence of jobs coming back to the US or going to countries with even cheaper labor costs than China...[However,] attempts to preserve what we have, through tariffs and other kickbacks, are expensive and generally for naught. The money would be better spent helping people who are displaced and assisting the next generation in finding their place in the new economy."
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