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2009 International Investment Dalian Summit closed

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The International Investment Dalian Summit 2009 was closed this Wednesday.

 

The summit invited senior management leaders of U.S. New York Stock Exchange (NYSE), the Nasdak Stock Market and financial elites in risk investment fund, private equity investment institutions, investment banks to join.

 

As I knew the summit pretty late, I just attended a road show on the last day in the New World Hotel. I believed it a good opportunity for many small and medium sized enterprises in northeast of China. That could be a platform for these enterprises to attract more overseas capital, or at least our enterprises can know where to find “help”.

 

In that meeting, I also met my counterpart, a lawyer from the U.S. Really a nice guy and nice meeting.

On Hide-and-Seek in China

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Hide and Seek originally is a kind of game. In America’s dictionary, it is called cops-and-robbers. Everybody played the game in our childhood. But the name of the game turns out to be the hottest network language nowadays. It results from a case. 

 

 According to the report in China Daily, the mysterious death of Li, 24, who allegedly died of a head injury while playing “hide-and-seek” game with fellow detainees, sparked wide discussion and doubts over internet.

 

Some warm-hearted netizens even formed a “hide-and-seek incident investigation committee” to investigate the sudden death of the detainee. This case continued to draw fire from the online community.

 

I am not stupid, so I just cannot believe the reason provided by the local police office as everybody else. We can imagine the size of space in a local detention house. How would a detainee could have enough time and space to play such a game. Based on my knowledge as a lawyer, a detainee could not have such freedom to go around somewhere besides their small cabinet, let alone play any game there. Even if they have enough freedom, how do they have such a mood! Yeah, based on the logic of such reasoning, Li and his fellow detainees are probably be nuts.

 

Not being a member of this committee, I think I just know the truth. One of our unspoken rules to examine the suspects is to “give him some color see see”. Maybe this time, one of the officers just neglected enough to harm his life.

 

Who can play hide-and-seek any more?

 

More articles online about this tipic:

 

 

Prosecutor: Man beaten to death in Chinese prison “hide-and-seek” game

 

County gov’t website hacked after “hide-and-seek” prison death

 

Netizens join probe into “hide-and-seek” prison death in China’s Yunnan

 

China announces stimulus plans for nonferrous metals, logistics

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BEIJING, Feb. 25 (Xinhua) — China’s State Council on Wednesday announced support plans for the country’s nonferrous metals and logistics sectors.

 

     Presided over by Premier Wen Jiabao, Cabinet members agreed to promote company restructuring and will offer subsidized loans to support technical innovations within the nonferrous metals sector.

 

    The export rebate rates of nonferrous products should be adjusted, said the Cabinet without elaborating.

 

    The establishment of a national reserve system for the industry was also demanded.

 

    The product structure of the nonferrous industry should be adjusted to meet the demand of power, transportation, construction, mechanics and light industries, the announcement said.

 

    Cabinet members agreed to eliminate technically undeveloped producers and avoid the increase of excessive output capacity.

 

    Nine key projects were also decided on as a way to boost the logistics sector, including supplying necessary equipment as well as promoting an industry standard and an information platform.

 

    The plan would also build a special district for logistics development, and boost urban delivery, wholesale and rural logistics.

 

    The logistics industry was a service sector that could give a major boost to production and consumption, as well as provide a great number of job opportunities, said the meeting.

 

    Company merging and restructuring should be encouraged in order to nurture large and modern logistics companies which could compete in the international market.

 

    The development of logistics for energy, mining, automobile, and medical industries and agricultural products should be especially encouraged.

 

    The meeting underlined the development of technical innovations and decided that central and local governments should allocate 100billion yuan within two years to support the promotion and application of innovative products.

 

    Beginning last month, China has unveiled stimulus packages for 10 industries. Previous support packages include the auto, steel, shipbuilding, textile, machinery-manufacturing, electronics and information industries, the light industry and petrochemical sectors.

Related Article: On American and Chinese Economic Stimulus Plan

On American and Chinese Economic Stimulus Plan

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According News from Xinhua, US President Barack Obama signed a mammoth stimulus package into law Tuesday and readied a $50 billion rescue plan for Wednesday announcement to help legions of homeowners who are facing foreclosure.

“Obama focused on the $787 billion stimulus plan, an ambitious package of federal spending and tax cuts designed to revive the economy and save millions of jobs. Most wage-earners will soon see the first paycheck evidence of tax breaks that will total $400 for individuals and $800 for couples.”

Comparing with the amount of $ 787, China plans $586 billion economic stimulus. As a developing country, China seems to make its every effort to reverse the country’s economic spiral. This largest stimulus plan in China’s history calls for new housing, roads, railways and airports, plus rebuilding areas devastated by the May 12 earthquake.

It is also said the new stimulus measures are aimed to help China’s countryside, where two-thirds of the nation’s 1.3 billion people live.

No wonder recently Manufacturers Pin Hopes On Rural Families.

Although the stimulus plans whether in America or in China are good news for ordinary people, I still concern the implementation of the plan in China.

Firstly, where will the money actually go? As we read, Obama signed the stimulus package into law on Tuesday and in the future the Congress will make special acts to allocate the money among different sectors. But in China, I don’t think there would be any legislative procedures for using the money. The fact is, at the end of last year, local governments officials swarmed around National Development and Reform Commission to apply for new projects. But how would the local government take advantage of the funds? Would more corrupts occur? No one knows. I just don’t want to witness any “Great Leap Forward of Infrastructure” and more destruction and reconstruction. We should deeply thought about the supervision of the use of the money.

Secondly, I totally support the policies of investment in rural areas. Chinese peasants have been suffering a lot. It is high time to improve their life. As a part of stimulus of consumption policy, the governments persuade them to buy TVs, washers and fridges and so on. But once these honest peasants spend out most of their savings, who will take the responsibility to take care of their lives? As the economy situation goes down, hardly the peasants workers could find the jobs in the cities, nor do they have the basic society security from the nation. At that time, they will just suffer more.

U.S. sanctions on Chinese companies— Dalian enterprise involved

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    News from Xinhua net, the Obama administration on Monday announced it had imposed sanctions on companies in China, the Democratic People’s Republic of Korea (DPRK) and Iran for violating U.S. laws aimed at stopping the spread of missiles and other weapons technology.

 

    The U.S. government said it had determined that two Chinese companies, Dalian Sunny Industries(大连盛辉) and Bellamax, had engaged in activities that breached the Arms Export Control Act and the Export Administration Act of 1979, according to the Monday edition of the U.S. Federal Register.

 (http://www.access.gpo.gov/su_docs/fedreg/a090202c.html)

 

    The United States also claimed that the two companies had engaged in proliferation activities, which violated Executive Order 12938 of Nov. 14, 1994.

 

    The sanctions, which took effect on Feb. 2, bar the companies from providing goods, technology or services to U.S. government agencies and departments for two years. The sanctions also bar the import of any goods, technology or services from these companies into the United States, the Register said.

 

     China expressed opposition Tuesday to the United States’ decision to impose sanctions on two Chinese companies that allegedly violated U.S. anti-proliferation laws.

   

     ”China’s stance on anti-proliferation is clear,” Foreign Ministry spokeswoman Jiang Yu told a regular news briefing.

    

    She said China firmly opposed the U.S. sanctions against the Chinese companies and added that the action “was not good for healthy bilateral cooperation in the field of anti-proliferation.”

 

Comments:

I surfed the net and found Dalian Sunny Industries is a manufacture of titanium materials for aerospace, medical applications. Since I am not familiar with materials industry, I can’t tell the exact relationship between titanium and nuclear. But U.S government really used excessive “weapons” recently to attack Chinese products. All the harsh domestic laws would just harm international trade and make the the economy condition worse.

My New Year’s Resolution

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Although the New Year has passed almost half a month, I still like to write something personal here as one of my New Year’s Resolutions.

Yes, to manage this website and provide more legal information for all my friends and clients. Meanwhile, I guess I would learn more by editing and writing in English.

Two articles for each week.