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Satellite Hack Attempt Shows U.S. Blind Spot

Associated Press/U.S. Navy A U.S. Navy satellite launched in Kodiak, Alaska, in September. The commander of U.S. military space operations says he lacks sufficient data to determine who interfered with two U.S. government satellites through a ground station in Norway, as revealed in a report on China sent to the U.S. Congress on Wednesday. “The best information that I have is that we cannot attribute those two occurrences,” the Reuters news agency quoted General Robert Kehler, commander of the U.S. Strategic Command, as saying in a teleconference. “I guess I would agree that we don’t have sufficient detail,” he said. Gen. Kehler was speaking on the same day that Australian authorities said they had not consulted the U.S. before allowing China to use a ground station in Western Australia that is run by a Swedish state-owned company and is also used by NASA. The bipartisan U.S.-China Economic Security and Review Commission, which was created by Congress, said in its 2011 annual report that at least two U.S. environment-monitoring satellites were interfered with four or more times in 2007 and 2008. It didn’t say how, but earlier drafts of the report that were made public said the interfence was conducted through the Svalbard ground station in Spitsbergen, Norway. The ground station is owned and run by Kongsberg Satellite Services, which is owned 50/50 by a Norwegian state company and a private Norwegian defense company.  Kongsberg Satellite Services has denied there was any such interference through its ground station. The 12-member commission said in the report released on Wednesday that the interference had not been traced directly to China, but that the techniques used “appear consistent with authoritative Chinese military writings” that have advocated disabling an enemy’s satellite control facilities on the ground in a conflict. “If executed successfully, such interference has the potential to pose numerous threats, particularly if achieved against satellites with more sensitive functions. For example, access to a satellite’s controls could allow an attacker to damage or destroy the satellite. The attacker could also deny or degrade as well as forge or otherwise manipulate the satellite’s transmission,” it said. The report also said that China’s military continued to play a central role in civil space activities, and directly controlled the manned space program, noting that “ground-based infrastructure enables all space operations.” It recommended that Congress mandate that the Pentagon and other government space operators to assess and report on their “preparedness for potential Chinese counterspace activities.” “To the extent that commercial entities provide essential services, assessments should also cover their systems,” it said. China has maintained that its space ambitions are peaceful and that it  is often a victim itself of such intrusions. China’s embassy in Washington said in response that it was “obvious that the commission is entrusted with the mission of vilifying China’s image and spreading China threat theory by patching up unwarranted allegations against China,” according to Reuters. “We urge the commission to stop issuing such reports for the good of increasing mutual trust between our two countries while China will continue to play a responsible role in both the realistic and the virtual worlds,” the agency quoted Wang Baodong, the embassy spokesman, as saying in an email. – Jeremy Page

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Associated Press/U.S. Navy
A U.S. Navy satellite launched in Kodiak, Alaska, in September.

The commander of U.S. military space operations says he lacks sufficient data to determine who interfered with two U.S. government satellites through a ground station in Norway, as revealed in a report on China sent to the U.S. Congress on Wednesday.

“The best information that I have is that we cannot attribute those two occurrences,” the Reuters news agency quoted General Robert Kehler, commander of the U.S. Strategic Command, as saying in a teleconference.

“I guess I would agree that we don’t have sufficient detail,” he said.

Gen. Kehler was speaking on the same day that Australian authorities said they had not consulted the U.S. before allowing China to use a ground station in Western Australia that is run by a Swedish state-owned company and is also used by NASA.

The bipartisan U.S.-China Economic Security and Review Commission, which was created by Congress, said in its 2011 annual report that at least two U.S. environment-monitoring satellites were interfered with four or more times in 2007 and 2008.

It didn’t say how, but earlier drafts of the report that were made public said the interfence was conducted through the Svalbard ground station in Spitsbergen, Norway. The ground station is owned and run by Kongsberg Satellite Services, which is owned 50/50 by a Norwegian state company and a private Norwegian defense company.  Kongsberg Satellite Services has denied there was any such interference through its ground station.

The 12-member commission said in the report released on Wednesday that the interference had not been traced directly to China, but that the techniques used “appear consistent with authoritative Chinese military writings” that have advocated disabling an enemy’s satellite control facilities on the ground in a conflict.

“If executed successfully, such interference has the potential to pose numerous threats, particularly if achieved against satellites with more sensitive functions. For example, access to a satellite’s controls could allow an attacker to damage or destroy the satellite. The attacker could also deny or degrade as well as forge or otherwise manipulate the satellite’s transmission,” it said.

The report also said that China’s military continued to play a central role in civil space activities, and directly controlled the manned space program, noting that “ground-based infrastructure enables all space operations.”

It recommended that Congress mandate that the Pentagon and other government space operators to assess and report on their “preparedness for potential Chinese counterspace activities.”

“To the extent that commercial entities provide essential services, assessments should also cover their systems,” it said.

China has maintained that its space ambitions are peaceful and that it  is often a victim itself of such intrusions.

China’s embassy in Washington said in response that it was “obvious that the commission is entrusted with the mission of vilifying China’s image and spreading China threat theory by patching up unwarranted allegations against China,” according to Reuters.

“We urge the commission to stop issuing such reports for the good of increasing mutual trust between our two countries while China will continue to play a responsible role in both the realistic and the virtual worlds,” the agency quoted Wang Baodong, the embassy spokesman, as saying in an email.

– Jeremy Page

Annual inflows of foreign direct investment rose to nearly $108 billion in 2008.

The Chinese government seeks to add energy production capacity from sources other than coal and oil, and is focusing on nuclear and other alternative energy development.

China has emphasized raising personal income and consumption and introducing new management systems to help increase productivity.

Some economists believe that Chinese economic growth has been in fact understated during much of the 1990s and early 2000s, failing to fully factor in the growth driven by the private sector and that the extent at which China is dependent on exports is exaggerated.

China is the world’s largest producer of rice and is among the principal sources of wheat, corn (maize), tobacco, soybeans, peanuts (groundnuts), and cotton.

A report by UBS in 2009 concluded that China has experienced total factor productivity growth of 4 per cent per year since 1990, one of the fastest improvements in world economic history.

Over the years, large subsidies were built into the price structure, and these subsidies grew substantially in the late 1970s and 1980s.

On top of this, foreign direct investment (FDI) this year was set to “surpass $100 billion”, compared to $90 billion last year, ministry officials predicted.

“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.

Despite initial gains in farmers’ incomes in the early 1980s, taxes and fees have increasingly made farming an unprofitable occupation, and because the state owns all land farmers have at times been easily evicted when croplands are sought by developers.

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.

Oil fields discovered in the 1960s and after made China a net exporter, and by the early 1990s, China was the world’s fifth-ranked oil producer.

There are also deposits of vanadium, magnetite, copper, fluorite, nickel, asbestos, phosphate rock, pyrite, and sulfur.

In addition, implementation of some reforms was stalled by fears of social dislocation and by political opposition, but by 2007 economic changes had become so great that the Communist party added legal protection for private property rights (while preserving state ownership of all land) and passed a labor law designed to improve the protection of workers’ rights (the law was passed amid a series of police raids that freed workers engaged in forced labor).

Although a British crown colony until its return to Chinese control in 1997, Hong Kong has long been a major maritime outlet of S China.
Rivers and canals (notably the Grand Canal, which connects the Huang He and the Chang rivers) remain important transportation arteries.

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Satellite Hack Attempt Shows U.S. Blind Spot

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China’s Golden Rooster Film Festival Kicks Off in Xiamen – Thailand Business News

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The 2024 China Golden Rooster Hundred Flowers Film Festival opens

The 2024 China Golden Rooster and Hundred Flowers Film Festival began in Xiamen on Nov 13, featuring awards, cultural projects worth 31.63 billion yuan, and fostering international film collaborations.


2024 China Golden Rooster and Hundred Flowers Film Festival Opens

The 2024 China Golden Rooster and Hundred Flowers Film Festival commenced in Xiamen, Fujian province, on November 13. This prestigious event showcases the top film awards in China and spans four days, concluding with the China Golden Rooster Awards ceremony on November 16.

The festival features various film exhibitions, including the Golden Rooster Mainland Film Section and the Golden Rooster International Film Section. These showcases aim to highlight the achievements of Chinese-language films and foster global cultural exchanges within the film industry.

On the festival’s opening day, a significant milestone was reached with the signing of 175 cultural and film projects, valued at 31.63 billion yuan ($4.36 billion). Additionally, the International Film and Television Copyright Service Platform was launched, furthering the globalization of Chinese film and television properties.

Source : China’s Golden Rooster film festival opens in Xiamen – Thailand Business News

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China

Italy and China New DTA Set to Take Effect in 2025: Important Changes and Implications

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Italy ratified an upgraded Double Tax Agreement (DTA) with China, effective in 2025, to reduce tax burdens, prevent evasion, and enhance investment. The DTA introduces modern provisions aligned with international standards, targeting tax avoidance and improving dispute resolution for Italian businesses.


Italy recently ratified the upgraded Double Tax Agreement (DTA), which will finally take effect in 2025. This agreement was signed in 2019 and was designed to reduce tax burdens, prevent tax evasion, and promote Italian investment in China.

On November 5, 2024, Italy’s Chamber of Deputies gave final approval to the ratification of the 2019 Double Tax Agreement (DTA) between Italy and China (hereinafter, referred to as the “new DTA”).

Set to take effect in 2025, the new DTA is aimed at eliminating double taxation on income, preventing tax evasion, and creating a more favorable environment for Italian businesses operating in China.

The ratification bill for the new DTA consists of four articles, with Article 3 detailing the financial provisions. Starting in 2025, the implementation costs of the agreement are estimated at €10.86 million (US$11.49 million) annually. These costs will be covered by a reduction in the special current expenditure fund allocated in the Italian Ministry of Economy’s 2024 budget, partially drawing from the reserve for the Italian Ministry of Foreign Affairs.

During the parliamentary debate, Deputy Foreign Minister Edmondo Cirielli emphasized the new DTA’s strategic importance, noting that the agreement redefines Italy’s economic and financial framework with China. Cirielli highlighted that the DTA not only strengthens relations with the Chinese government but also supports Italian businesses, which face increasing competition as other European countries have already established double taxation agreements with China. This ratification, therefore, is part of a broader series of diplomatic and economic engagements, leading up to a forthcoming visit by the President of the Italian Republic to China, underscoring Italy’s commitment to fostering bilateral relations and supporting its businesses in China’s complex market landscape.

The newly signed DTA between Italy and China, introduces several modernized provisions aligned with international tax frameworks. Replacing the 1986 DTA, the agreement adopts measures from the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project and the OECD Multilateral Instrument (MLI), targeting tax avoidance and improving dispute resolution.

The Principal Purpose Test (PPT) clause, inspired by BEPS, is one of the central updates in the new DTA, working to prevent treaty abuse. This clause allows tax benefits to be denied if one of the primary purposes of a transaction or arrangement was to gain a tax advantage, a move to counter tax evasion through treaty-shopping.


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 ChinaHong KongVietnamSingapore, and India . Readers may write to info@dezshira.com for more support.

Read the rest of the original article.

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China’s New Home Prices Stabilize After 17-Month Decline Following Support Measures

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China’s new home prices fell for the 17th month in October, declining 0.5% from September, but slowing, indicating potential market stabilization amid supportive measures. Second-hand home prices showed mixed trends.


Decline in China’s Home Prices Stabilizes

China’s new home prices continued to decline in October for the 17th consecutive month, although the drop showed signs of slowing. Recent support measures from Beijing appear to be inching the market toward stabilization, as evidenced by a lighter decline compared to earlier months.

Monthly and Yearly Comparisons

According to the latest data from the National Bureau of Statistics, new home prices across 70 mainland cities fell by 0.5% from September, marking the smallest decrease in seven months. Year-on-year, prices dropped by 6.2%, slightly worse than the September decline of 6.1%. In tier-1 cities like Beijing and Shanghai, prices decreased by 0.2%, a smaller fall than 0.5% in the previous month.

Second-Hand Home Market Trends

Second-hand home prices in tier-1 cities experienced a 0.4% increase in October, reversing a 13-month downward trend. Conversely, tier-2 cities observed a 0.4% drop in second-hand prices, while tier-3 cities faced a similar 0.5% decline. Overall, recent trends indicate a potential stabilization in China’s property market.

Source : China’s new home prices slow 17-month decline after support measures kick in

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