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Media Report
October 03 , 2017
  • Quartz reports: "Close to 700 million people in China are expected to travel during the country's National Day holidays, known as the Golden Week, which kicked off on Sunday. That's about half the country's nearly 1.4 billion population. In the first two days of the week-long break, China's tourist spots have already received some 227 million visitors who spent around 190 billion yuan ($29 billion), according to data from China's National Tourism Administration for Sunday and Monday. The CNTA has predicted more than 700 million tourist trips this year—a 10% increase compared with the same period in 2016... For the whole week, China could see travel-related spending of nearly 600 billion yuan ($90 billion), according to the CNTA... Hong Kong, which has been experiencing political tensions with the mainland over its autonomy, seemed to see an improvement in attracting mainland tourists compared with last year, when the city's retail performance was its worst in 17 years. The city's hotels have seen a 90% occupancy rate so far, up from 80% last year, according to the South China Morning Post."
  • CNBC reports: "Washington has praised the world's second-largest economy for making progress in enforcing sanctions imposed on North Korea. But China's current measures may just be a temporary move for its own gain. Since Pyongyang's first nuclear test in 2006, China has adopted the United Nations' multiple resolutions against the rogue state. Doubts about enforcement have persisted, however, amid data revealing strong Sino-North Korean economic ties... But the Asian superpower's recent penalties appeared to be significant. Last month, Beijing said it would ban textile and seafood imports in addition to exports of certain petroleum products, iron ore and coal in compliance with the UN's latest resolution... It's unclear, however, just how long Xi's government will maintain those stinging policies... Current penalties against North Korean leader Kim Jong Un's regime are mostly just a show to appease President Donald Trump, said Jeffrey Kingston, director of Asian studies at Tokyo-based Temple University... The Chinese Communist Party's upcoming Congress, a major political gathering that decides future leadership, is also a factor in Beijing's sanctions compliance. China will be looking for continued stability in its domestic and international affairs in the lead up to and after the Congress."
  • The Diplomat comments: "Is there any evidence behind the pervasive rumors about Xi Jinping's desire to remain in charge after 2022, when he is supposed to step down? Out of the five signs that one would expect to see if this were the case, the first two, analyzed in a previous article, indicated otherwise. But what about the last three signs? When it comes to the third sign — breaking retirement precedent — this is where Wang Qishan is supposed to come into play. If Xi wants to remain in charge after 2022, he needs somebody to break the 68 retirement precedent... But if that's the case, shouldn't he also have had to break a lower-lever precedent beforehand? By, say, keeping his ally Xia Baolong, 64, in play for the Politburo? ...Or how about promoting his childhood friend Liu Yuan to the Central Military Commission (CMC) at the 19th Party Congress? Liu was Wang Qishan's equivalent in the military, an advocate of tough anti-corruption rules. In 2014, anonymous sources with ties to the party leadership were saying Xi will put Liu on the CMC before the 19th Congress. Where is he now? Retired... So, out of five signs that we would normally expect to see if Xi wanted to extend his power beyond 2022, we only saw half of one: Xi taking down Sun Zhengcai. But Xi groomed Chen Min'er in his placeand didn't break retirement precedent when it came to some of his allies who reached the traditional retirement age. Further, there has been no public campaign against the 68 retirement precedent, nor any campaign to promote Wang Qishan as irreplaceable. All the signs that Xi wants to remain in power don't exist. All we have are anonymous sources."
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