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Streik bei Cuiheng | Mindestreservesatz | Dokument Nr. 9
Apr 20th, 2015 by Gao

At the sharp end of the workers’ movement in China: The Zhongshan Cuiheng strike (China Labour Bulletin)

A month-long strike at a Japanese-owned bag manufacturer in the Pearl River Delta town of Zhongshan has been characterized by police violence, arrests and intimidation, and the absolute refusal of the boss to negotiate. Welcome to the sharp end of the workers’ movement in China.
The strike broke out in mid-March. The roughly 200 workers at Cuiheng Co. were unhappy at low-pay and the refusal of the company to pay social security and housing fund contributions, year-end bonuses and other benefits.

Tom Barnes, Kevin Lin: China’s growing labour movement offers hope for workers globally (Conversation)

Reuters: China’s central bank cuts reserve ratio (Guardian)

China’s central bank has cut the amount of cash that banks must hold as reserves on Sunday, the second industry-wide cut in two months, adding more liquidity to the world’s second-biggest economy to help spur bank lending and combat slowing growth.
The People’s Bank of China lowered the reserve requirement ratio (RRR) for all banks by 100 basis points to 18.5%, effective from Monday, the central bank said in a statement on its website.

Angus Grigg: China frees up $200b to stoke economy (Financial Review)

The RRR cut is expected to release around 1 trillion yuan ($208 billion) of capital into the economy.

China Steps Up Economy Help With Reduced Bank Reserve Ratios (Bloomberg)

The reserve-requirement ratio was lowered 1 percentage point Monday, the People’s Bank of China said. While that was the second reduction this year, the new level of 18.5 percent is still high by global standards. The cut will allow banks to boost lending by about 1.2 trillion yuan ($194 billion)…
The reserve ratio will be reduced by another percentage point for rural financial institutions, two additional percentage points for Agricultural Development Bank and a further 0.5 percentage point for banks with a certain level of loans to agriculture and small enterprises.
Those extra reductions give the move a “reformist flavor,” wrote Bloomberg economists Tom Orlik and Fielding Chen. Still, with growth weak and small companies most at risk, it’s understandable banks see state-owned firms as safer bets.
“As ever, the price of stronger growth is slower progress on structural reform,” they wrote.

Document 9: A ChinaFile Translation (ChinaFile)

This weekend, China’s leaders gather in Beijing for meetings widely expected to determine the shape of China’s economy, as well as the nation’s progress, over the next decade. What exactly the outcome of this Third Plenum of the Eighteenth Party Congress of the Chinese Communist Party will be remains shrouded in no small measure of secrecy, like most matters of high politics in China. President Xi Jinping has signaled that a significant new wave of economic liberalization may be in the works. But in the realm of political reform, Xi also has signaled a deep reluctance. In fact, many of the actions taken and techniques used under his year of leadership suggest a return to ideas and tactics that hark back to the days of Mao Zedong.
One such signal came during this past spring, when reports began to appear that the Party leadership was being urged to guard against seven political “perils,” including constitutionalism, civil society, “nihilistic” views of history, “universal values,” and the promotion of “the West’s view of media.” It also called on Party members to strengthen their resistance to “infiltration” by outside ideas, renew their commitment to work “in the ideological sphere,” and to handle with renewed vigilance all ideas, institutions, and people deemed threatening to unilateral Party rule. These warnings were enumerated in a communiqué circulated within the Party by its General Office in April, and, because they constituted the ninth such paper issued this year, have come to be known as “Document 9.”

Daniel A. Bell: Teaching ‘Western Values’ in China (New York Times)

Nobody is surprised that the Chinese government curbs “Western-style” civil and political liberties. But it may be news to some people that the government has recently called for the strengthening of Marxist ideology in universities and a ban on “teaching materials that disseminate Western values in our classrooms.” On the face of it, such regulations are absurd. It would mean banning not just the ideas of John Stuart Mill and John Rawls, but also those of such thinkers as Karl Marx and Friedrich Engels.

Reporters Without Borders reveals state secrets in reaction to Gao Yu’s sentence (Reporters Without Borders)

Brian Eyler: China’s new silk roads tie together 3 continents (China Dialogue)

China recently unveiled an action plan for its controversial One Belt, One Road initiative to link its economy with the rest of Asia, Africa, the Middle East and Europe. Known as the ‘new silk roads’, it combines new infrastructure networks of roads, railway lines, ports to strengthen trade, investment, and people-to-people cooperation.

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