. GPS News .




.
SINO DAILY
China braces for social unrest as economy slows
by Staff Writers
Beijing (AFP) Dec 5, 2011


China's security chief has told provincial officials they need to be more prepared for the "negative impact" of slowing growth, underscoring Beijing's concern a slowdown could bring social unrest.

Large-scale strikes have hit China in recent weeks, as workers resentful about low salaries or lay-offs face off with employers juggling high costs and exports hit by lower demand from the debt-burdened West.

Politburo member Zhou Yongkang said authorities needed to improve their system of "social management", including increasing "community-level" manpower.

"In the face of the negative impact of the market economy, we have not formed a complete system of social management," Zhou said in a Friday speech to officials reported by the state Xinhua news agency at the weekend.

"It is urgent that we build a social management system with Chinese characteristics to match our socialist market economy."

China's economy grew by 9.1 percent in the third quarter, down from 9.5 percent in the previous quarter.

Manufacturing -- a key engine of growth -- slumped to its lowest level in nearly three years last month, amid slowing demand from the European Union and the United States.

Beijing has started to implement measures to boost lending and spur growth in the world's second largest economy.

China's central bank last week reduced the amount of money banks must keep in reserve for the first time in three years, after earlier easing lending restrictions on more than 20 small banks nationwide.

Analysts have warned that China's huge army of factory staff -- many of them migrant workers -- will be the first to feel the effects of the global slowdown.

Ji Shao, a Beijing-based labour expert, told AFP recently she had visited Shenzhen and expected many small firms to shut down due to high costs, difficulty accessing loans and the global downturn.

Last week, more than 1,000 workers at a plant in China's commercial hub Shanghai went on strike for at least two days, some clashing with police, to protest at staff being laid off, the US-based China Labor Watch said.

In November, more than 7,000 workers went on strike at a factory in the southern province of Guangdong -- China's manufacturing heartland -- clashing with police in a protest over layoffs and wage cuts.

Details and images of many of the recent strikes have emerged first via Twitter-like "weibo" social networking sites that Chinese authorities are struggling to purge of what officials call "rumours" and "false news."

China has the world's largest online community, with more than half a billion Internet users, and as such news of unrest quickly spreads round the country despite the government's strict censorship regime.

Related Links
China News from SinoDaily.com




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries




Top China officials sound alarm on exports, growth
Shanghai (AFP) Dec 5, 2011 - Leading Chinese officials have painted a gloomy picture for the nation's exports -- a key engine of growth -- warning that the global slowdown threatened the world's second largest economy.

Vice Premier Wang Qishan, China's top finance official, at the weekend urged companies to help guarantee a "stable increase" in exports amid slowing external demand, the official Xinhua news agency said late Sunday.

"The severe and complex world economic situation will inevitably mean global demand is insufficient," Wang said while visiting the northeast province of Liaoning.

To maintain exports, Wang said companies should make their products more competitive while the government would lessen the tax burden on exporters and offer financial support, especially for small firms.

China's exports rose 15.9 percent year on year to $157.49 billion in October, but the total was down from $169.7 billion in September, due to falling demand caused by the economic woes in Europe and the United States.

The data, coupled with figures released Thursday showing China's manufacturing activity contracted in November for the first time in 33 months, has caused concern that the Asian powerhouse is losing steam.

Beijing last week cut bank reserve levels for the first time in three years to help boost lending and spur growth to counter alarming signs of a domestic slowdown and the crisis in key export markets.

And in comments also published late Sunday, Chinese Commerce Minister Chen Deming warned that the global slowdown could hurt the nation's economic growth next year.

"Under the influence of the contracting international economy and market, China's economic growth next year may slow slightly," Chen said, according to a statement posted on the commerce ministry website.

China's economy grew an annual 9.1 percent in the third quarter this year, slowing from the 9.5 percent in the second quarter and 9.7 percent in the first, official figures showed.



.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



SINO DAILY
China web users criticise new state TV boss
Beijing (AFP) Dec 4, 2011
Thousands of Chinese web users on Sunday lashed out at the new head of the state-run China Central Television (CCTV) network over a speech in which he said journalists were "propaganda workers". Hu Zhanfan - who was appointed to the top post at CCTV in November - said in May that journalists who defined themselves as "professionals" rather than "propaganda workers" were making a "fundament ... read more


SINO DAILY
Plant seeds protect their genetic material against dehydration

Massive roof farm planned for Berlin

World Grain Production Down, But Recovering

Using Radiation to Sterilize Insect Pests

SINO DAILY
Samsung to build flash memory chip line in China

Pitt Researchers Invent a Switch That Could Improve Electronics

The interplay of dancing electrons

Toshiba to shut three Japan semiconductor plants

SINO DAILY
Hundreds of flights cancelled due to Beijing smog

Air France suspends maintenance in China

US 'concerned' about EU airline carbon rules

German airline seeks Chinese, Gulf investors: report

SINO DAILY
Saab rejigs China takeover deal in bid for GM approval

Paris revs up for electric car rentals

GM China sales rise 20% to record in November

Nissan Leaf electric wins Japan car of the year

SINO DAILY
China jails Australian for 13 years for bribery

State of emergency declared in Peru's mining conflict area

Zimbabwe mining firm in maiden diamond sales: report

Peru leader skips summits amid mine dispute

SINO DAILY
Madagascar fishermen protect mangroves to save jobs

Mozambique's new forests may not be as green as they seem

Brazil says Amazon deforestation down to lowest level

Walnut trees may not be able to withstand climate change

SINO DAILY
NASA Satellite Confirms Sharp Decline in Pollution from US Coal Power Plants

China launches remote-sensing satellite Yaogan XIII

Texas Drought Visible in New National Groundwater Maps

APL Proposes First Global Orbital Observation Program

SINO DAILY
Graphene grows better on certain copper crystals

New method of growing high-quality graphene promising for next-gen technology

Giant flakes make graphene oxide gel

Amorphous diamond, a new super-hard form of carbon created under ultrahigh pressure


.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement