China
Should the U.S. Sell More F-16s to Taiwan?
Sam Yeh/Agence France-Presse/Getty Images An armed US-made F-16 fighter takes off from the highway in Tainan, southern Taiwan, during the Han Kuang drill on April 12, 2011. More In Taiwan ‘Lying Through His Teeth’: Taiwan Scoffs at China ‘No Missile’ Claim Doomsday Fever Strikes Taiwan Taiwan’s Demographic ‘Time Bomb’ Taiwan’s Diminishing Media Freedom Bad Tidings in Election for China-Taiwan Ties? At a time when some in Washington’s foreign policy firmament are suggesting the U.S. reconsider its commitment to defend Taiwan, nearly half of the U.S. Senate joined in sending a letter Thursday to President Barack Obama urging the government expedite the sale of new F-16 C/Ds and upgrades to Taiwan’s existing 145 F-16 A/Bs. “Without new fighter aircraft and upgrades to its existing fleet of F-16s, Taiwan will be dangerously exposed to Chinese military threats, aggression and provocation, which pose significant national security implications for the United States,” said the letter, which was signed by 45 senators representing both sides of the aisle. In January 2010 Mr. Obama authorized the sale of $6.4 billion in arms, including missile systems and utility helicopters, but critics say those arms were part of a package agreed upon during the previous Bush administration and point out that Mr. Obama has yet to decide on new Taiwanese requests, which include new F-16s as well as upgrades. In addition to arguing that the sale of the fighters would be consistent with the 1979 Taiwan Relations Act, which requires the U.S. to sell Taiwan weapons necessary for its defense, the letter also pointed to the economic benefits that new sales would bring. It warned that delays in sales could result in the closure of the F-16 production line. Analysts have argued that sales to Taiwan could bring a strong economic windfall to the U.S. defense contractors, and could help Lockheed Martin retain 11,000 jobs associated with F-16 production. Lockheed faced an additional setback to the production of the F-16 in April when India eliminated it from the running for a new $10 billion fighter order. Weapons sales to Taiwan have long been a contentious issue. China, which claims sovereignty over Taiwan, has vociferously protested the sales and cut military ties with the U.S. following the sale in 2010. The Pentagon since has attempted to thaw chilly relations, inviting People’s Liberation Army Chief of General Staff Chen Bingde to the U.S. last week for meetings with Adm. Michael Mullen, chairman of the Joint Chiefs of Staff. Mr. Chen’s attempt to downplay the threat China poses to Taiwan during his U.S. visit drew angry responses from many on the island. In the interest of improving Sino-U.S. ties and eliminating a potential Asian flash point, several influential figures have recently called for the U.S. to re-examine its commitments to defending Taiwan. Most recent on that list is former Ambassador to Saudi Arabia Charles Freeman, who at a conference on China’s naval strategy held by the U.S. Naval War College earlier this month questioned the “effort to retard the speeding tilt of the cross-Strait military balance against Taiwan” by continuing with arms sales. “Given the huge stakes for the United States in our strategic interaction with China, this choice might well strike someone looking afresh at the situation as oddly misguided,” he said. Mr. Freeman added that the U.S. should take seriously the idea of a “symbolic” unification between Taiwan and China that would exclude a political or military tie-up. “This offer cannot be dismissed as incredible. China’s willingness to tolerate amazingly different politico-economic orders on what is nominally its territory has been amply demonstrated in both Hong Kong and Macau. Its proposal to Taipei offers far greater autonomy than either of these city-states enjoy. Is it worth a war with China to prevent such an outcome? If not, why are we behaving as if it were?” In March, a group of U.S. business executives, scholars, and current and former government officials – including a handful of retired military officers – offered a similar assessment , suggesting the U.S. “reevaluate its long-standing policy toward Taiwan” as part of a package of concessions aimed at improving ties with Beijing. Despite all the war and weapon talk, chances of a military conflict between China and Taiwan seem as distant now as they have at any time since Chiang Kai-shek’s Kuomintang fled to the island more than 60 years ago. Regular flights connect the two, tourism is growing and business cooperation on the back of a landmark trade deal has increased. Further steps in the direction of political or military cooperation are highly contentious, however, and experts have warned difficulties in the relationship may crop up sooner than expected. All of this suggests the debate in the U.S. might soon move beyond the politesse of letter writing into a more pitched political forum. – Paul Mozur. Follow him on Twitter @paulmozur
- Sam Yeh/Agence France-Presse/Getty Images
- An armed US-made F-16 fighter takes off from the highway in Tainan, southern Taiwan, during the Han Kuang drill on April 12, 2011.
At a time when some in Washington’s foreign policy firmament are suggesting the U.S. reconsider its commitment to defend Taiwan, nearly half of the U.S. Senate joined in sending a letter Thursday to President Barack Obama urging the government expedite the sale of new F-16 C/Ds and upgrades to Taiwan’s existing 145 F-16 A/Bs.
“Without new fighter aircraft and upgrades to its existing fleet of F-16s, Taiwan will be dangerously exposed to Chinese military threats, aggression and provocation, which pose significant national security implications for the United States,” said the letter, which was signed by 45 senators representing both sides of the aisle.
In January 2010 Mr. Obama authorized the sale of $6.4 billion in arms, including missile systems and utility helicopters, but critics say those arms were part of a package agreed upon during the previous Bush administration and point out that Mr. Obama has yet to decide on new Taiwanese requests, which include new F-16s as well as upgrades.
In addition to arguing that the sale of the fighters would be consistent with the 1979 Taiwan Relations Act, which requires the U.S. to sell Taiwan weapons necessary for its defense, the letter also pointed to the economic benefits that new sales would bring. It warned that delays in sales could result in the closure of the F-16 production line.
Analysts have argued that sales to Taiwan could bring a strong economic windfall to the U.S. defense contractors, and could help Lockheed Martin retain 11,000 jobs associated with F-16 production. Lockheed faced an additional setback to the production of the F-16 in April when India eliminated it from the running for a new $10 billion fighter order.
Weapons sales to Taiwan have long been a contentious issue. China, which claims sovereignty over Taiwan, has vociferously protested the sales and cut military ties with the U.S. following the sale in 2010. The Pentagon since has attempted to thaw chilly relations, inviting People’s Liberation Army Chief of General Staff Chen Bingde to the U.S. last week for meetings with Adm. Michael Mullen, chairman of the Joint Chiefs of Staff.
Mr. Chen’s attempt to downplay the threat China poses to Taiwan during his U.S. visit drew angry responses from many on the island.
In the interest of improving Sino-U.S. ties and eliminating a potential Asian flash point, several influential figures have recently called for the U.S. to re-examine its commitments to defending Taiwan.
Most recent on that list is former Ambassador to Saudi Arabia Charles Freeman, who at a conference on China’s naval strategy held by the U.S. Naval War College earlier this month questioned the “effort to retard the speeding tilt of the cross-Strait military balance against Taiwan” by continuing with arms sales.
“Given the huge stakes for the United States in our strategic interaction with China, this choice might well strike someone looking afresh at the situation as oddly misguided,” he said.
Mr. Freeman added that the U.S. should take seriously the idea of a “symbolic” unification between Taiwan and China that would exclude a political or military tie-up.
“This offer cannot be dismissed as incredible. China’s willingness to tolerate amazingly different politico-economic orders on what is nominally its territory has been amply demonstrated in both Hong Kong and Macau. Its proposal to Taipei offers far greater autonomy than either of these city-states enjoy. Is it worth a war with China to prevent such an outcome? If not, why are we behaving as if it were?”
In March, a group of U.S. business executives, scholars, and current and former government officials – including a handful of retired military officers – offered a similar assessment, suggesting the U.S. “reevaluate its long-standing policy toward Taiwan” as part of a package of concessions aimed at improving ties with Beijing.
Despite all the war and weapon talk, chances of a military conflict between China and Taiwan seem as distant now as they have at any time since Chiang Kai-shek’s Kuomintang fled to the island more than 60 years ago. Regular flights connect the two, tourism is growing and business cooperation on the back of a landmark trade deal has increased. Further steps in the direction of political or military cooperation are highly contentious, however, and experts have warned difficulties in the relationship may crop up sooner than expected.
All of this suggests the debate in the U.S. might soon move beyond the politesse of letter writing into a more pitched political forum.
– Paul Mozur. Follow him on Twitter @paulmozur
Cumulative appreciation of the renminbi against the US dollar since the end of the dollar peg was more than 20% by late 2008, but the exchange rate has remained virtually pegged since the onset of the global financial crisis.
In 2009, China announced that by 2020 it would reduce carbon intensity 40% from 2005 levels.
The People’s Republic of China is the world’s second largest economy after the United States by both nominal GDP ($5 trillion in 2009) and by purchasing power parity ($8.77 trillion in 2009).
Available energy is insufficient to run at fully installed industrial capacity, and the transport system is inadequate to move sufficient quantities of such critical items as coal.
The two sectors have differed in many respects.
The technological level and quality standards of its industry as a whole are still fairly low, notwithstanding a marked change since 2000, spurred in part by foreign investment.
The market-oriented reforms China has implemented over the past two decades have unleashed individual initiative and entrepreneurship, whilst retaining state domination of the economy.
The growth in both outbound investment from, and inbound investment to, China reflects the nation’s rising economic power and attractiveness as an investment destination.
“The growth rate (for ODI) in the next few years will be much higher than previous years,” Shen said, without elaborating.
China is aiming to be the world’s largest new energy vehicle market by 2020 with 5 million cars.
In large part as a result of economic liberalization policies, the GDP quadrupled between 1978 and 1998, and foreign investment soared during the 1990s.
Agriculture is by far the leading occupation, involving over 50% of the population, although extensive rough, high terrain and large arid areas – especially in the west and north – limit cultivation to only about 10% of the land surface.
In terms of cash crops, China ranks first in cotton and tobacco and is an important producer of oilseeds, silk, tea, ramie, jute, hemp, sugarcane, and sugar beets.
Sheep, cattle, and goats are the most common types of livestock.
Growing domestic demand beginning in the mid-1990s, however, has forced the nation to import increasing quantities of petroleum.
Alumina is found in many parts of the country; China is one of world’s largest producers of aluminum.
China also has extensive hydroelectric energy potential, notably in Yunnan, W Sichuan, and E Tibet, although hydroelectric power accounts for only 5% of the country’s total energy production.
Shanghai and Guangzhou are the traditionally great textile centers, but many new mills have been built, concentrated mostly in the cotton-growing provinces of N China and along the Chang (Yangtze) River.
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Should the U.S. Sell More F-16s to Taiwan?
Business
BRICS: China Classifies Crypto as Property and Prohibits Business Ownership
China’s Shanghai court ruled cryptocurrencies are property, boosting optimism in the crypto industry while maintaining a ban on business transactions. This may signal a shift in future regulations.
China’s Ruling on Cryptocurrency
In a pivotal decision for the nation and its BRICS alliance, China has officially classified cryptocurrency as property while maintaining prohibitions against business transactions involving digital assets. A notable ruling from the Shanghai Songjiant People’s Court affirmed cryptocurrencies as property, sparking optimism within the crypto industry regarding future regulations.
Implications for the Crypto Industry
As cryptocurrencies gain significance globally, the Chinese ruling is viewed as a potential-positive shift amidst ongoing restrictions. While individuals can hold virtual currency, businesses remain barred from engaging in investment transactions or issuing tokens independently. This decision has generated anticipation for more accommodating regulations in the future.
Future Prospects for Cryptocurrency in China
Experts like Max Keiser believe this ruling indicates China’s growing acknowledgment of Bitcoin’s influence. As BRICS nations explore increased cryptocurrency utilization in trade, this legal shift could enhance market demand and lead to greater acceptance of cryptocurrencies as a legitimate asset class, setting the stage for potential developments in 2025.
Source : BRICS: China Rules Crypto as Property, Bars Business Holdings
China
Digital Taxation in China: Effects on Corporate Tax Risk Management and Compliance Strategies
Tax digitalization in China enhances efficiency and accuracy in tax administration through AI and technology. Significant advancements include online services, e-invoicing, and data integration, improving risk management. The government targets further reforms by 2025 to establish a robust intelligent taxation system.
Tax digitalization, also known as “digitalized tax administration” or “tax administration by data,” is gaining momentum in China. Enabled by digital technologies and artificial intelligence, Chinese tax authorities have significantly improved the efficiency and accuracy of tax administration. As a result, tax risks are now easier to identify, and tax audits have become more focused and targeted.
The Chinese tax bureau has made significant efforts to advance tax administration through digital upgrades and intelligent transformation. By utilizing modern information technology, the tax authorities have established platforms such as the electronic tax bureau, which enables online processing of tax registration, filing, and payments. Additionally, the promotion of electronic invoicing and the Golden Tax IV system has improved the efficiency and accuracy of tax administration.
This digital landscape allows tax authorities to integrate data from various sources, including invoices, banking information, business records, and customs data. Such integration facilitates more accurate identification of potential tax risks.
This article explores the impact of tax digitalization on businesses in China, emphasizing the evolving dynamics of tax risk management, particularly regarding data supervision.
At the opening ceremony of the 5th Belt and Road Initiative Tax Administration Cooperation Forum on September 24, 2024, Hu Jinglin, Commissioner of the State Taxation Administration (STA) of China, delivered a speech outlining the efforts of Chinese tax authorities to enhance tax administration and efficiency. He emphasized the importance of advancing tax governance through data, highlighting the STA’s commitment to leveraging data and algorithms for intelligent tax management.
Currently, a pilot program for fully digitalized electronic invoices (e-fapiao) has been expanded nationwide, alongside the launch of a unified electronic tax bureau. Additionally, a smart office platform for tax personnel is under development. These systems aim to provide intelligent services for taxpayers and enable tax officers to deliver differentiated and precise services based on dynamic credit risk assessments.
Furthermore, according to a document released by the General Office of the CPC Central Committee and General Office of the State Council in 2021, titled “Opinions on Further Deepening the Reform of Tax Collection and Administration,” China aims to achieve significant progress by 2025 in reforming its tax administration system. In particular, it aims to establish a robust and intelligent taxation framework and develop a first-class intelligent administrative application system, thereby improving tax law enforcement, service, and regulatory capabilities.
| This article was first published by China Briefing , which is produced by Dezan Shira & Associates. The firm assists foreign investors throughout Asia from offices across the world, including in in China, Hong Kong, Vietnam, Singapore, and India . Readers may write to info@dezshira.com for more support. |
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China
Farms to fame: How China’s rural influencers are redefining country life
In Yunnan, influencer Dianxi Xiaoge redefines rural China’s image, showcasing pastoral life, bridging cultural gaps between urbanites and rural communities, and sparking interest through nostalgic content and government support.
In the quiet backwaters of Yunnan, Dong Meihua – though her followers know her by the public alias Dianxi Xiaoge – has done something remarkable: She’s taken the pastoral simplicity of rural China and made it irresistible to millions. In her hands, a village kitchen becomes a stage, and the rhythms of farm life become a story as compelling as any novel. She is one of many rural influencers returning to their roots.
In a digital revolution turning established narratives on their head, China’s countryside is emerging as an unlikely epicenter of viral content. Xiaoge is one of thousands of influencers redefining through social media how the countryside is perceived.
Upending preconceptions of rural China as a hinterland of poverty and stagnation, this new breed of social media mavens is serving up a feast of bucolic bliss to millions of urbanites. It is a narrative shift encouraged by authorities; the Chinese government has given its blessing to influencers promoting picturesque rural images. Doing so helps downplay urban-rural chasms and stoke national pride. It also fits nicely with Beijing’s rural revitalization strategy.
Hardship to revival
To fully appreciate any phenomenon, it’s necessary to first consider the historical context. For decades, China’s countryside was synonymous with hardship and backwardness. The Great Leap Forward of the late 1950s and early 1960s – Communist China’s revered founder Mao Zedong’s disastrous attempt to industrialize a largely agrarian country – devastated rural communities and led to widespread famine that saw tens of millions die.
The subsequent Cultural Revolution, in which Mao strengthened his grip on power through a broad purge of the nation’s intelligentsia, further disrupted customary rural life as educated youth were sent to the countryside for “reeducation.” These traumatic events inflicted deep scars on the rural psyche and economy.
Meanwhile, the “hukou” system, which since the late 1950s has tied social benefits to a person’s birthplace and divided citizens into “agricultural ” and “nonagricultural” residency status, has created a stark divide between urban and rural citizens.
The reform era of Mao’s successor, Deng Xiaoping, beginning in 1978, brought new challenges. As China’s cities boomed, the countryside lagged behind.
Millions of rural Chinese have migrated to cities for better opportunities, abandoning aging populations and hollowed-out communities. In 1980, 19% of China’s population lived in urban areas. By 2023, that figure had risen to 66%.
Government policies have since developed extensively toward rural areas. The abolition of agricultural taxes in 2006 heralded a major milestone, demonstrating a renewed commitment to rural prosperity. Most recently, President Xi Jinping’s “rural revitalization” has put countryside development at the forefront of national policy. The launch of the Internet Plus Agriculture initiative and investment in rural e-commerce platforms such as Taobao Villages allow isolated farming communities to connect to urban markets.
Notwithstanding these efforts, China’s urban-rural income gap remains substantial, with the average annual per capita disposable income of rural households standing at 21,691 yuan (about US$3,100), approximately 40% of the amount for urban households.
Enter the ‘new farmer’
Digital-savvy farmers and countryside dwellers have used nostalgia and authenticity to win over Chinese social media. Stars such as Li Ziqi and Dianxi Xiaoge have racked up huge numbers of followers as they paint rural China as both an idyllic escape and a thriving cultural hub.
The Chinese term for this social media phenomenon is “new farmer.” This encapsulates the rise of rural celebrities who use platforms such as Douyin and Weibo to document and commercialize their way of life. Take Sister Yu: With over 23 million followers, she showcases the rustic charm of northeast China as she pickles vegetables and cooks hearty meals. Or Peng Chuanming: a farmer in Fujian whose videos on crafting traditional teas and restoring his home have captivated millions.
Since 2016, these platforms have turned rural life into digital gold. What began as simple documentation has evolved into a phenomenon commanding enormous audiences, fueled not just by nostalgia but also economic necessity. China’s post-COVID-19 economic downturn, marked by soaring youth unemployment and diminishing urban opportunities, has driven some to seek livelihoods in the countryside.
In China’s megacities, where the air is thick with pollution and opportunity, there’s clearly a hunger for something real – something that doesn’t come shrink-wrapped or with a QR code. And rural influencers serve slices of a life many thought lost to China’s breakneck development.
Compared with their urban counterparts, rural influencers carve out a unique niche in China’s vast social media landscape. Although fashion bloggers, gaming streamers and lifestyle gurus dominate platforms such as Weibo and Douyin, the Chinese TikTok, rural content creators tap into a different cultural romanticism and a yearning for connection to nature. In addition, their content capitalizes on the rising popularity of short video platforms such as Kuaishou and Pinduoduo, augmenting their reach across a wide demographic, from nostalgic retirees to eco-conscious millennials.
But this is not simply digital escapism for the masses. Tourism is booming in once-forgotten villages. Traditional crafts are finding new markets. In 2020 alone, Taobao Villages reported a staggering 1.2 trillion yuan (around $169.36 billion) in sales.
The Chinese government, never one to miss a PR opportunity, has spotted potential. Rural revitalization is now the buzzword among government officials. It’s a win-win: Villagers net economic opportunities, and the state polishes its reputation as a champion of traditional values. Government officials have leveraged platforms such as X to showcase China’s rural revitalization efforts to international audiences.
Authenticity or illusion?
As with all algorithms, there’s a catch to the new farmer movement. The more popular rural influencers become, the more pressure they face to perform “authenticity.” Or put another way: The more real it looks, the less real it might actually be.
It raises another question: Who truly benefits? Are we witnessing rural empowerment or a commodification of rural life for urban consumption? With corporate sponsors and government initiatives piling in, the line between genuine representation and curated fantasy blurs.
Local governments, recognizing the economic potential, have begun offering subsidies to rural content creators, causing skepticism about whether this content is truly grassroots or part of a bigger, state-led campaign to sanitize the countryside’s image.
Yet, for all the conceivable pitfalls, the new farmer trend is an opportunity to challenge the urban-centric narrative that has dominated China’s development story for decades and rethink whether progress always means high-rises and highways, or if there’s value in preserving ways of life that have sustained communities for centuries.
More importantly, it’s narrowing the cultural disconnect that has long separated China’s rural and urban populations. In a country where your hukou can determine your destiny, these viral videos foster understanding in ways that no government program ever could.
This article is republished from The Conversation under a Creative Commons license. Read the original article.
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