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(单词翻译:双击或拖选)
The Beijing Hour (Monday-Friday)Evening EditionShane Bigham with you on this Friday, August 21st, 2015.
Welcome to the Beijing Hour,coming to you live from the Chinese capital...
Coming up on the program this evening...
Hundreds of pieces of new military equipment will publicly debut1 during the military parade in Beijing on September 3rd...
a Thai official hints at progress in the investigation2 of Monday's bombing in Bangkok that killed several people, including Chinese tourists...
In Sports...One game today in the Chinese Super League...
And in Entertainment...the author of the best-selling Wolf Totem novel receives an award in Mongolia...
All of that coming up in the next hour, but first, just a reminder5 there are several ways to reach out to us here on the Beijing Hour.
You can follow us on our weibo account at weibo.com/beijinghour.
WeChat: search "beijinghour"Email us directly at [email protected].
Visit crienglish.com for the latest news and information from China Radio International.
Top NewsNew armament to be showcased in China's V-Day ParadeAnchor:
China's upcoming military parade on Sep 3 through Tian'anmen Square will feature hundreds of pieces of new military equipment. The event marking the 70th anniversary of China's victory over Japan and the end of WWII will also feature fifty formations.
CRI's Victor Ning has more.
Reporter:
These 50 formations will include 11 foot formations, two mounted formations of veterans, 27 armament formations, and 10 air echelons6.
12,000 troops, 500 pieces of equipment, and nearly 200 aircraft will be demonstrated.
One of the highlights during this parade will be the armament formations.
Qu Rui, deputy director of the Office of the Parade Leading Team, noted7 that the armament represent new developments, new achievements, and a new image for Chinese armed forces.
"About 84 percent of the armament, to be showcased in the Sept. 3 military parade, has never been presented to the public before. All of the armaments are Chinese-made. The Army, Navy, Air Force, Second Artillery8 Force and Armed Police will all debut new armament."Training for the parade is being highlighted as well, as much has been accomplished9 in a very short period of time, involving great numbers of people and equipment.
Major General Wang Shun10 says parade units have been equipped with the Beidou automatic time service system in order to support a scientific approach to the training regime.
"Beidou orientation12 and measurement technology, part of China's satellite positioning system, has been used in training for the upcoming parade. The application of the electronic parade sand model and emulation13 system has greatly improved the efficiency of the training."Veterans who fought in the war against Japanese aggression14 will also be reviewed at the military parade, as will the children of veterans.
The veterans, in two mounted formations, are from both the forces led by the Communist Party of China (CPC) and those lead by the Kuomintang (KMT) Party.
Ten foreign armies will also march in the parade.
Qu did not provide a full list of the countries but says all corners of the globe will be represented.
"Russia and Kazakhstan and other over ten countries will join the parade. Countries that will send formations and representative teams to the parade are from all the continents of Asia, Europe, Africa, Oceania and America. Their participation15 in the parade is a clear indication of the attitude of commemorating16 the victory of the world anti-fascist war jointly18, and a symbol of the pursuit and aspiration19 to the enduring world peace."The parade on September 3rd for the 70th anniversary of the war's end will be the first of its kind in China.
For CRI, I'm Victor Ning.
Photo exhibition on China's contribution on WWII held in PolandAnchor:
A photo exhibition on the 70th anniversary of China's victory in the war of resistance against Japanese aggression and World War II is underway in Poland's capital Warsaw.
CRI's XYee has the details.
Reporter:
The exhibition shows Japan's crimes in the Asia-Pacific region, how the Chinese people helped Jews escape the holocaust20, and the lives of Jews who sheltered in China.
Chinese ambassador to Poland Xu Jian says though peace and development is the main trend of the world today, conflicts and violence never stop. It is significant to remember the war and prevent the revival21 of militarism.
"In terms of the history, we must remember it and cherish the memory of the martyrs22. In terms of the reality, we must introspect the war and reach consensus23. And in terms of the future, we must unite to maintain a peaceful world and usher24 in a brighter future."Zhao Yihua, chairman of the China Council for the Promotion25 of Peaceful National Reunification in Poland, also the organizer of the exhibition, says the exhibition is aimed to tell the Poles and other Europeans about Imperial Japan's crimes in the Asia-Pacific region and the Chinese people's arduous26 resistance of Japanese aggression.
"This exhibition aims to call on people to cherish peace rather than create hatred27. Women and children are the biggest victims of the Second World War. We can protect them only through the power of justice. So I hope that we can unite to strengthen the power of peace so as to prevent a repeat of the tragedy."Polish parliament member Wojciech Papis says no one should forget the tragedy of 70 years ago.
"China and Poland have a similar history. After WWII broke out, Poland was the first country that fought against fascism. And China also fought bravely against Japanese aggression. As we are now living in a peaceful era, we must cherish the peace, develop the economy, carry out cooperation and create favorable conditions for the future life."The exhibition will last until August 28.
For CRI, I'm XYee.
Beijing putting up flower beds, street banners to welcome V-day commemorationBeijing is putting up decorations to prepare for the grand military parade marking the 70th anniversary of victory over Japan.
Some of the decorations are going up in Tian'anmen Square, where the parade will take place.
Lu Genxi, an official of the Capital Environmental Improvement Commission, says banners have already been put up on 2nd Ring Road and Chang'an Avenue. Work involving flower beds in 11 municipal parks was completed on Thursday. And flower decorations on Chang'an Avenue and Tian'anmen Square will be completed on Aug 25.
The decorations highlight several themes: commemoration and memory, unity28 and peace, rejuvenation29 and development.
China demands Japan face history after Abe's wife visits Yasukuni ShrineChinese authorities have again demanded that Japan face and reflect on its aggressive past after the wife of Japanese Prime Minister Shinzo Abe visited the controversial Yasukuni Shrine30.
Akie Abe wrote on her Facebook page on Tuesday that she visited the war shrine in Tokyo earlier in the day. The shrine honors 14 Class-A convicted war criminals.
Foreign Ministry31 spokesperson Hua Chunying says Japan should make a clean break from militarism and do more that will promote trust and reconciliation32 with its neighbors.
Yasukuni Shrine is regarded as a symbol of Japan's past militarism. Visits to the infamous33 shrine by leaders and officials have sparked strong criticism from China and South Korea.
Tianjin blasts death toll34 rises to 116Two more deaths linked to the explosions in Tianjin last week have been confirmed. That brings the total to 116.
Sixty people are still listed as missing.
Of the dead, 65 were firemen and seven were police officers.
Among the missing, 39 are firefighters while four others are police officers.
Thai Official: Bangkok Blast Investigation Makes ProgressWinthai Suvaree, spokesman for the Thai junta36, or the National Council for Peace and Order, gave an update on Friday regarding the investigation into Monday's blast in Bangkok, but said he couldn't go into specifics.
'Regarding the investigation, the Royal Thai Police has reported that much progress has been made. However, the details cannot be disclosed at this time because they may affect the investigation."A Chinese tourist and his Thai guide who were earlier identified as possible accomplices37 in the Bangkok bombing have been cleared by Thai Police after questioning.
Thai government officials and police chiefs, along with hundreds of people, attended a religious ceremony on Friday commemorating the victims of the blast.
Expert on China-US TiesAnchor:
A former diplomat38 and leading Chinese international relations observer has delivered a new speech, attempting to outline the future of Sino-US ties ahead of Chinese President Xi Jinping's forthcoming US visit.
CRI's Yu Yang reports.
Reporter:
Ruan Zongze with the China Institute of International Studies says the timing39 of the Chinese President's visit to Washington comes at an important time.
"President Xi Jinping's trip comes as the US prepares for next year's election, while at the same time, reforms in China continue to progress. A successful visit will be significant for the development of both bilateral40 ties and peace in the Asia-Pacific and the world."September's trip will be Xi Jinping's first official state visit to the US after becoming Chinese president nearly 3-years ago.
It's expected the two sides will mainly focus on how to avoid conflict and confrontation41 as the world's major powers.
Professor Ruan Zongze says cooperation still remains42 the main goal of bilateral ties, despite ups and downs between the two sides on variouis issues.
"China and the US have seen their cooperation deepen and expand into broader areas. As an example, the talks about Iran's nuclear programs went far beyond expectations."He says while divergence43 between the two sides are likely to continue for some time, there is a growing convergence of interests.
Ruan Zongze notes official exchanges between the two side are much more frequent than before.
He's also suggesting it will be important for lawmakers in the US to take an objective view of China's expanded foreign policy platform.
"It's important for the US to observe China's increasingly active participation in world affairs in an objective manner. The media and academic circles in the two countries should also be working to increase communication and exchanges."Ruan Zongze, aside from being associated with the Chinese Institute of International Relations, also served as a Minister Councelor at the Chinese embassy in Washington from July 2007 to December 2011.
For CRI, I'm Yu Yang.
Former Deputy Police Chief Prosecuted45 for Graft46 in ChinaChina's former vice11 minister of Public Security Li Dongsheng has been prosecutedProsecutors in Tianjin filed the case with the city's No. 2 Intermediate People's Court.
Prosecutors47 believe Li took advantage of his posts to seek benefits for others, and extorted48 or accepted "a huge amount" of bribes49. Li will now stand trial charged with accepting bribes.
Li was formerly50 a member of the 18th CPC Central Committee and was also the deputy head of a central leading group for cult51 prevention.
In 2014, Li was removed from his posts and was expelled from the Communist Party of China.
Reform to gear up China's taxi serviceChina's traditional taxi industry is likely to get rid of several longstanding issues as companies anticipate special regulations by the Ministry of Transport, or MOT.
An anonymous52 source says a guideline drafted by the MOT will unveil new rules regarding obtaining cab licenses53 and restricting their service life.
Stats show that the number of Beijing inhabitants has increased by 40 percent since 2003, while cabs increased only 1.5 percent.
The sluggish54 growth of the cab sector55 is blamed on the oligopoly of taxi companies, which have taken advantage of the government's control of taxi licenses.
Analysts56 say the monopoly helps the companies profiteer, often through backdoor channels, such as unofficially transferring cab licenses. But profits from such activities never benefit actual taxi drivers or local governments.
China's taxi management system is characterized by stringent57 market entry requirements and a cartel of taxi companies.
Taxi drivers in some cities complain about high contract fees, while passengers often find it difficult to hail taxis when they need them.
A major bridge project linking the mountainous regions of Sichuan with neighboring Tibet is to open soon, making access along the treacherous59 route much safer for drivers.
CRI's Chi Huiguang has more.
Reporter:
Any internet search of Tangmai will reveal a deluge60 of accidents. The greatest disaster was in the year 2000, when the Yigong Lake suddenly broke through the earthen dam and washed the old Tangmai Bridge and roads nearby away.
Walking along the Yi'ong Tsangpo River, we can see 3 bridges flying across the rapid flow. The first narrow bridge was just for pedestrians61. Wang Zhonghai, the head of the construction company from Sichuan introduces the active one in the middle:
"It was built after the 2000 disaster, as a temporary connection of the two sides, only for one way a day, and the loading limit is 20 tons or less, sometimes the passengers have to get off the vehicle to walk through, which caused great traffic pressures."Every driver who has once drove the Sichuan-Tibet highway knows that it's common to wait for several days to pass through Tangmai Graveyard. If someone just waited for several hours, they are super lucky.
Here is some good news for Tibetan commuters: the Tangmai graveyard with the reputation for being a cause of accidents and traffic jams is no longer going to be a problem once the Tangmai Large Bridge and 4 tunnels nearby are complete. Nyima Chok, the technician in charge of the project, explains:
"After the projects are complete, the problem of the so-called throat of the highway will be solved thoroughly62. When this large bridge is open, commuters are able to pass through the Tangmai part at any time of the day without traffic control at all."The dangerous road is a 17 kilometer section of the highway that links Bome and Bayi counties in Nyingchi city in the southeastern Tibet autonomous63 region.
Currently, after passing through the bridge heading to Lhasa, drivers have to use the narrow, high-elevation road that winds in several S-shape bends and hairpin64 bends on one side of a mountain prone65 to mudslides.
According to Huang Bingyong, a police officer who has been helping66 ease traffic jams along the road for the past 3 years, this section of Tangmai Graveyard saw numerous mishaps67 like vehicles plunging68 into the abyss, car pile-ups, mudslides and traffic jams.
"According to my knowledge from the project department, the 17 kilometer section will be completed and open before the end of this year, when the Tangmai Graveyard will turn out to be Tangmai thoroughfare."As the centerpiece of the project Huang mentioned, Tangmai Large Bridge stretches about 260 meters, which is expected to receive about 1600 vehicles a day and is designed to be operational for 100 years.
That's CRI's Chi Huiguang reporting.
North Korea Prepares for Military Actions Against SouthAs tensions have intensified69 on the Korean Peninsula, North Korean leader Kim Jong Un has put his country's troops on a fully armed state of war starting 5 pm on Friday.
The decision was made after Kim presided over an emergency meeting with North Korea's high ranking military officials on Thursday evening.
North Korea's state run television KRT says the North is prepared for military action.
"General Staff of Korean People's Army on Thursday sent ultimatum70 to the South Korean Defence Ministry that the KPA would launch a strong military action unless South Korea stops broadcasting towards the North. It must also dismantle71 its psychological warfare72 system on the border within 48 hours."During the meeting, Kim Jong Un also declared a "quasi-state of war" in the border areas.
The two Koreas exchanged fires on Thursday. No causalities have been reported.
On Friday, South Korea's Yonhap News Agency said the North is ready to fire short-range missiles. The agency cited a government official, who revealed that the joint17 military intelligence of South Korea and the US detected the moves by the North.
Meanwhile, Japanese Chief Cabinet Secretary Yoshihide Suga says his country is very concerned over the latest developments.
"We, the government, have strong concerns over this matter and we think North Korea should refrain from taking such provocative73 action. We are closely coordinating74 with various countries - such as the US and South Korea - and we are taking all the necessary (steps) and full caution with a sense of urgency."Earlier this month, South Korea resumed blaring anti-north propaganda messages through loudspeakers near the border, after accusing Pyongyang of planting landmines75 that wounded two South Korean soldiers.
Former U.S. President Carter will undergo radiation treatmentAnchor:
Former US President Jimmy Carter's medical condition appears to be worse than first thought.
The details from CRI's chief Washington correspondent Xiao Hong.
reporter:
"I just thought I had a few weeks left, but I was surprisingly at ease"More than a week after the news first broke that Carter was dealing76 with cancer of the liver, the 90-year old has now revealed the cancer has spread into his brain.
"I'll get my first radiation treatment for the melanoma in my brain this afternoon. And then I understand I'll have four treatment schedule at three week intervals77."The 39th President of the United States first fell ill in May during a trip to Guyana while on one of his many humanitarian78 missions abroad.
It has since found it way into his brain.
Despite the new diagnosis82, Carter appears to be in high spirits, taking time to joke that he's now been getting calls from his Presidental successors, as well as other high-level dignitaries.
"First time they called me in a long time."Carter has even paused to recall the circumstances during the Iran hostage crisis in 1979 which preceeded his election loss to Ronald Reagan.
"I wish I had sent one more helicopter to get the hostages and we would have rescued them and I would've been re-elected. But that may have interfered83 with the foundation of the Carter Center. If I had to choose between four more years and the Carter Center I think I would choose the Carter Center. Could have been both."Since losing the election, Carter has become one of the United States' leading champions for social causes, and has still maintained a role in foreign diplomacy84.
As part of his legacy85, Carter and former Chinese leader Deng Xiaoping officially signed the documents restoring diplomatic ties between China and the United States in 1979.
He is also credited with helping re-open lines of communication between the US and North Korea after current President Barack Obama took office.
Xiaohong, CRI, Washington DC.
Australia May Start Bombing IS in SyriaAustralian Prime Minister Tony Abbott confirmed on Friday that the US has asked his country to expand on its role in Iraq by joining airstrikes against the Islamic State group in Syria.
"Look, I can confirm that we have received a formal request from the Pentagon. Obviously, it's a very serious request. We'll take it very seriously, we're obviously not going to rush a decision, but we will make a decision in the next couple of weeks."He says it's important for Australia to play a role in destroying IS, as the group continues to lure86 young Australians to join them in fighting in the Middle East.
Australia is currently involved in airstrikes on IS targets in Iraq, but its role in the Syrian conflict has been limited.
Macedonia Declares State of Emergency Over Influxes88 of MigrantsAmid a growing influx87 of refugees, Macedonia declared a state of emergency on Thursday. Interior Ministry spokesman, Ivo Kotevski said his country would deploy89 the army to manage the crisis.
"The Macedonian government has decided90 to declare a state of emergency in crisis regions, on its southern and northern borders. So according to the law, the army can be deployed91 on the territory of the Republic of Macedonia."Thousands of migrants, many from Syria, are in a no-man's land between Macedonia and Greece.
Authorities say official border crossings remain open.
Macedonia issued an appeal to neighbouring countries on Wednesday for them to send train carriages to address demand related to the transport of the migrants. But the United Nations refugee agency urged the government to do more, saying it should allocate92 a site to accommodate the migrants. The only site currently being used is at the local police station, where a small shelter has reportedly been built.
Meanwhile, German Chancellor93 Angela Merkel and French President Francois Hollande will meet on Monday in Berlin to discuss how the EU can address the worsening refugee crisis. German Interior Minister Thomas de Maiziere said on Thursday more must be done to address the issue.
"Whether it is in the Mediterranean94, or in Greece, the dramas are being played out, the Balkan countries are very hard hit by all those who are trying to get to central Europe through those countries. In turning around what we have decided upon, too little has happened so far. "Britain and France also pledged to step up joint efforts to address the migrant crisis in the French town of Calais, where illegal Channel-crossings to Britain have become prevalent.
Oscar Pistorius release delayedSouth African authorities have delayed the release of Oscar Pistorius.
Pistorius was originally scheduled to be released from jail today after serving 10 months of his five-year term over the killing95 of his girlfriend Reeva Steenkamp.
The judicial96 department reversed its decision on grounds that Pistorius had not served one-sixth of the full term, the minimum required by South African law, when the parole board approved of his release in June.
June Steenkamp, mother of the victim, welcomes the decision to have justice served.
"I'm not worried if it's a short delay. It's been set now, the precedent97, for him to wait now until the time is right. You know, we struggle in this country with respect for women, and I think they have given justice now to Reeva. My daughter's life was taken. If she'd have lived longer, she could have done more, she would have definitely improved women's position in life. And that is what is important to me."Pistorius can still secure parole on a later date.
The Former Olympic and Paralympic athlete was convicted of culpable98 homicide last year. He shot and killed Reeva Steenkamp on Valentine's Day in 2013, claiming he thought a burglar was in his house.
South African prosecutors are accusing him of intentional99 homicide and asking to have his custodial100 term extended.
If convicted, Pistorius could face up to 15 years in jail.
A hearing for that is scheduled for November.
WeatherBeijing will be cloudy tonight with a low of 21, tomorrow will have shower with a high of 30.
Shanghai will rainy tonight with a low of 24, also rainy tomorrow, high of 27.
Chongqing will be clear tonight with a low of 23, cloudy tomorrow with a high of 33.
Lhasa will be rainy tonight with a low of 10, tomorrow will still be rainy with a high of 21.
Elsewhere in Asia,Islamabad will have slight rain tomorrow with a high of 33.
Kabul, cloudy, 30.
Down in the Southern Hemisphere.
Sydney, slight rain, high of 23,Brisbane, rainy,22,Perth, rainy, 17,And finally Auckland, New Zealand will have slight rain with a high of 15 degrees Celsius101.
Headline newsDeputy Chief Briefs Highlights of China's V-Day ParadeMore than ten foreign armies will march in China's memorial parade on Sept. 3 in Beijing to mark the 70th anniversary of the victory of China's resistance against Japan and World War II.
Qu Rui, deputy director of the Office of the Parade Leading Team told a press conference on Friday.
According to Qu, veterans who fought in the war will also be reviewed at the parade.
They are from both the anti-Japanese forces led by the Communist Party of China and those lead by the Kuomintang Party.
The average age among those veterans is 90.
Chinese-made armament will be another highlight of the parade, with more than 80 percent it never having been presented to the public before.
Qu says 27 armament formations of the People's Liberation Army will parade through Tian'anmen Square.
Former Deputy Police Chief Prosecuted for Graft in ChinaChina's former vice minister of Public Security Li Dongsheng has been prosecutedProsecutors in Tianjin filed the case with the city's No. 2 Intermediate People's Court.
Prosecutors believe Li took advantage of his posts to seek benefits for others, and extorted or accepted "a huge amount" of bribes. Li will now stand trial charged with accepting bribes.
Li was formerly a member of the 18th CPC Central Committee and was also the deputy head of a central leading group for cult prevention.
In 2014, Li was removed from his posts and was expelled from the Communist Party of China.
Saudi-led errant airstrike kills 29 in YemenOfficials say a Saudi-lead airstrike in Yemen has killed 29 civilians102.
It's been reported that warplanes targeting Houthi rebels mistakenly struck a residential103 building in the city of Taiz.
Medics and witnesses say most of the dead are women and children. Up to 40 other people were wounded. A rescue operation has been launched in the hope of finding survivors104 in the rubble105.
Five months of fighting between rebel forces that have overrun the country's capital and forces loyal to the government has affected106 more than 80 percent of the country's population, causing hunger and leaving millions in need of emergency aid.
EU welcomes France, UK coop over migration107 crisisSenior European Union officials have welcomed British and French authorities' cooperation over the migration situation in Calais and highlighted efforts in dealing with migration pressure in Europe.
European Commission First Vice President Frans Timmermans and Migration and Home Affairs Commissioner108 Dimitris Avramopoulos made the remarks in a joint statement.
It said the very operational measures announced in Calais by French and British ministers "will help speed up the processing of the asylum109 seekers and ensure the swift return of the irregular migrants."EU officials announced that they will visit Calais at the end of the month to discuss the next steps.
Biz ReportsStocksChinese stocks continued to drop on Friday following the release of weak economic data.
The benchmark Shanghai Composite Index tumbled 4.3 percent amid thinner turnover110, putting the week's losses at nearly 12 percent.
All stock sectors113 closed in negative territory on Friday with over 300 dipping by the daily limit of 10 percent.
In Hong Kong, the benchmark Hang Seng dropped 1.5 percent, following tumbles in the Chinese mainland and global markets.
Elsewhere in Asia,Tokyo stocks plunged nearly 3 percent, with the benchmark Nikkei falling to its lowest level in more than three months on concerns over the Chinese economy and on a stronger yen114.
South Korea's KOSPI dropped 2 percent.
Singapore's Straights Times declined 1.3 percent.
And Finally, Australia's ASX200 closed 1.4 percent lower.
CSRC conferenceChina's top securities regulator has said it will suspend issuance of structured funds and related products because of the complicated structures of these products.
China Securities Regulatory Commission says policies for these funds are being studied.
CSRC also says it is investigating major stakeholders in listed companies for illegally selling off their shares. It has handled 20 such cases to date.
Caixin flash China general manufacturing PMI hits 77-month low in AugustThe Caixin flash China general manufacturing PMI plunged to a 77-month low in August.
The PMI reading stands at 47.1, down from 47.8 in July.
Readings above 50 indicate expansion.
The survey shows new orders and new export orders continued to decline at a faster rate in August, and employment dropped at a faster pace than in July.
However, He Fan with Caixin Insight Group says systemic risk remains under control and the structure of the economy is still improving.
The flash index is published on a monthly basis ahead of final PMI data.
The estimate is based on approximately 85 to 90 percent of total PMI survey responses from over 420 manufacturing companies each month.
Chinese provincial115 regions see faster H1 GDP growthOfficial data shows almost all Chinese provincial-level regions posted faster economic growth in the first half of this year, compared to the first quarter.
According to the National Bureau of Statistics (NBS), total GDP reached nearly 30 trillion yuan, or 4.7 trillion U.S. dollars, in the first half of this year. It marks a year-on-year increase of 7 percent.
Out of 31 provincial level regions, 27 post faster growth.
Southwest China's Chongqing Municipality registered the fastest GDP growth at 11 percent in the first half, while the northeast province of Liaoning saw the slowest growth, at 2.6 percent.
China's logistics activity posts steady growth in Jan.-JulyLogistics activity in China has showed a steady but slow expansion in the seven months through July.
According to a report by China Federation116 of Logistics and Purchasing, goods delivered from logistics companies around China are worth over 120 trillion yuan, or over 19 trillion US dollars from January to July, up 5.8 percent from a year ago.
Such a growth rate is slightly above the 5.7 percent pace for the first half of the year, indicating a stronger demand for logistics.
The report estimates that logistics demand could increase further in the coming months on expectations of rising domestic consumption, export recovery, and acceleration117 of new projects.
Revamped investment plan of China's pension fund coming soonChina's revamped pension investment plan is expected to be unveiled by the end of the year.
The revamped plan will allow the money to be invested in government and corporate118 bonds, major construction projects, leading state-owned enterprises and the stock market.
Previously119, the pension fund was only deposited in banks or invested in treasury120 bonds. An estimate from the Chinese Academy of Social Sciences said the fund depreciated121 by nearly 100 billion yuan, or nearly 16 billion U.S. dollars in the past 20 years.
The fund accounts for roughly 90 percent of the country's total social security fund pool. It had net assets of 3.5 trillion yuan by the end of last year.
This year has seen a sharp increase in Chinese investor122 demand for real estate in New York, with the cash put down this year already exceeding last year's totals.
Our William Denselow has more from New York.
Reporter:
Another building under construction in Manhattan…and yet another property owned by Chinese investors.
Just a few blocks from New York's iconic Times Square, 7 Bryant Park's 30-story concave glass design cuts a distinct figure.
Costing the Bank of China in the region of $600 million- economics professor Ann Lee says they're not the only ones paying huge prices for prestigious124 properties.
Ann Lee, Author and Professor, New York University"The Chinese, because they don't know any better, are kind of paying top dollar for the name, the brand name, and the status of owning certain properties. Whether or not that makes any economic sense is besides the point for them right now."Spending billions of dollars on properties like the General Motors building and the Waldorf Astoria in recent years has literally125 put Chinese investors on the map.
And while China is not new to the US property market- 2015 is already a record year when it comes to spending.
With some estimates putting investment up at 4.3 billion dollars- smashing last year's total of 3.3 billion dollars.
And analytics director at Real Capital Analytics Yi Wang says poor real estate return rates in China, regulation easing and a desire to diversify126 portfolios127 are why many Chinese investors are sending their money overseas.
With New York seen as a safe destination.
Yiqun Wang, Analytics Director, Real Capital Analytics"The fundamentals of the market are very strong. The occupancy is very high, vacancy128 is very low and there is very good rent growth prospect129 for investors."And while there's a range of Chinese investors, Wang says this current boom is being driven by insurance companies.
Yiqun Wang, Analytics Director, Real Capital Analytics"Those insurance companies are very well funded and are interesting in diversifying130 their portfolios so this why insurance companies are very popular for putting US as a destination."But with market volatility131 in China combined with a devaluating currency- question linger over whether this growth can be sustained.
And with this devaluation suddenly US property has become more expensive.
But while analysts think this could hurt investment in the short-term, many argue the stability of the US dollar will keep New York as an attractive destination for the foreseeable future.
For CRI, I'm William Denselow in New York.
New home price averages at 27,981y/sq m in July, hitting five-year highNew home prices in first-tier Chinese cities averaged nearly 28,000 yuan per square meter in July.
This is up 25 percent year on year or 1.1 percent month on month, hitting a five-year high.
The survey also reveals home sales in these first-tier cities surged 87 percent year on year. However, it dropped 5.1 percent month on month in July.
The survey is done by property consultancy E-House China.
Australia's consumer watchdog approves Qantas-China Eastern allianceThe Australia Competition and Consumer Commission has approved an alliance between national airline Qantas and China Eastern Airlines.
Under the agreement, both airlines will be able to coordinate132 processes and flight schedules, allowing greater flexibility133 and offering shorter domestic and international connections for travelers heading in both directions.
Meanwhile, a number of conditions have been set on the alliance to prevent unfair prices as a result of the capacity sharing.
Back in March, the watchdog aired concerns that a potential alliance would result in the two airlines controlling more than 80 percent of the capacity on some routes.
SportsCSL previewTipping things off with some football action,Shanghai Shenxin hits the pitch against Guangzhou Evergrande in the only Chinese Super League game today.
Shenxin is facing relegation134 at the bottom of the league and is desperate for a win.
Today's game was moved ahead of schedule to give Guangzhou Evergrande a longer layover ahead of its AFC Championships League game next week.
Coach Luiz Felipe Scolari is sending out the best of what is left of his squad136. He promises to go all out regardless of a packed schedule and weaker opponent.
Guangzhou Evergrande wants a win as a birthday gift for captain Zheng Zhi.
The team will travel to meet Kashiwa Reysol in Japan next Tuesday for the first leg of the AFC Champions League quarterfinals.
Yao Charity Game held in ShanghaiIn basketball,This year's Yao Foundation Charity Game is underway in Shanghai between the NBA Elites137 and the CBA All Stars.
Former NBA star Yao Ming established the Yao Foundation to improve children's education and living conditions in poorer areas across China.
The annual charity game started in 2010. This year's event aims at giving children better access to sports activities.
Yao has had a chance to see what his actions meant to the people in China's rural areas.
"Having been used to life in big cities, we usually overlook so many details. But when you are in a less developed place, in the rural areas, you will slow down to think about such things. I lived for a short while in one of these places to experience the children's lives, and felt basketball is of greater value here than in the cities."The revenue of the charity game will go to the Yao Foundation to fund the basketball projects at beneficiary schools.
Last season's NBA champion Draymond Green leads the visiting team. The Chinese side includes CBA winner Li Gen.
Beijing to host Xinjiang in CBA season openerLi Gen won last season's CBA title with the Beijing Ducks but has now moved to Xinjiang Guanghui in a high-profile transfer.
He will play for his new team against the old team when Beijing hosts Xinjiang in the CBA season opener.
That game is set for October 31.
The schedule for the rest of the season is yet to be released.
IAAF chief Diack awarded Beijing honorary citizenOutgoing IAAF president Lamine Diack has been named an honorary citizen of Beijing.
The 82-year-old from Senegal, a former Olympic long jumper, is set to step down after the Beijing World Championships.
He has served five full terms since first becoming president in 1999.
Diack is to be replaced by London Organizing Committee chief Sebastian Coe.
Diack says he believes his successor will be able to handle the doping problems the IAAF has been coping with.
"He is big enough and strong enough to cope with these allegations. And to face-up to these problems to show that wrong accusations138 are indeed wrong accusations. He loves this sport and he is very experienced and he will do his job. He will do a great job."Coe will formally take over the position on August 31st after this year's IAAF World Championships wrap up in Beijing.
The event itself is set to begin tomorrow.
Tennis updateIn tennis,Feliciano Lopez has ousted139 Rafael Nadal in a rain-delayed match at the Cincinnati Open.
The pair won a set each and dragged the deciding set into tie-break.
Nadal fell behind 3-1 and never recovered.
Nadal says it was a good game that he lost.
"In a lot of the key moments of the year, a couple of matches that i should not have lost, this one is another one, its a little bit different to the others for sure, because the others i played bad, i didn't play with the right intensity140, not the case today, so accept the loss, keep going, there is nothing more than i can say or do than keep going and believing with the work that things will get better."Novak Djokovic, Andy Murray, Roger Federer, and Richard Gasquet are all in the quarter-finals.
The women's last eight include Serena Williams, Ana Ivanovic, Jelena Jankovic, Simona Halep.
Kimi Raikkonen talks about new Ferrari contractTeams have arrived in the Belgian town of Spa for the Formula One Grand Prix this weekend.
Kimi Raikkonen, who just received a new contract from Ferrari, says he is happy to stay for another season and to continue the team's approach to victories.
"Obviously it is the same done every year. We want to do as far as we can go and hopefully challenge for the championship for next year and I am sure we can produce quite a bit better car than this year next year and obviously the team is working well together and we all feel very good and, obviously, I am happy to stay there and we have to try to do a good second part of the year and maximise what we have and then prepare for next year."2007 champion Raikkonen is the last driver to win the drivers' title in a Ferrari. He returned to the team last year but has been eclipsed by two teammates since.
Golf updateVery quickly in golf,Erik Compton and William McGirt are sharing the lead by one shot after the opening round of the Syndham Championship.
Tiger Woods carded his best round in more than two years with a 6-under 64. He had seven birdies and only one bogey142.
Over at the European tour,England's David Horsey has secured a one-shot lead with an 8-under 63 after the first round of the Made in Denmark tournament.
Welshman Oliver Farr is second and Paul Lawrie of Scotland came in third.
EntertainmentJiang Rong-Author of novel "Wolf Totem" wins award in MongoliaChinese writer Jiang Rong, author of the best-selling novel "Wolf Totem", has been awarded the Bichgiin Mergen Prize (Genius Writer Prize) by the World Mongol Authors Association in the Mongolian capital of Ulan Bator.
Jiang becomes the first Chinese writer to win the highest award of the World Mongol Authors Association.
He's announced to contribute of the prize money and all the copyright royalty143 from the Mongolian version of "Wolf Totem" to an environment protection foundation in Mongolia.
"Wolf Totem" has sold over 5 million copies and has been reprinted over 160 times.
The semi-autobiographical novel was turned into a movie of the same name.
The movie is directed by French director Jean-Jacques Annaud and grossed over $110 million dollars in China.
"Bride Wars" Leads Chinese Box Office on Qixi FestivalChina's box office on the just passed Qixi Festival, the so-called China's Valentine's Day, stands at 236 million yuan, or around 37 million US dollars.
Romance comedy "Bride Wars" takes the lead, grossing 93.4 million yuan, or 15 million US dollars.
This is also the film's first day of screening.
"Go Away Mr. Tumor" follows, with a revenue of 56 million yuan or 9 million US dollar.
Leading actress Bai Baihe's two other films "Monster Hunt" and "Cities in Love" have also made to the list of top ten highest grossing films on Qixi Festival.
The three movies have altogether nabbed 2.5 billion yuan or around 391 million US dollars at China's box office this summer.
"The Dawns Here are Quiet" Premiers146 in BeijingRussian Film "The Dawns Here are Quiet" or "Zhe Li De Li Ming Jing Qiao Qiao" has premiered here in Beijing.
The war film centers on five female solders147' fight against the Nazi148 during the Second World War.
Renat Davletyarov, director of the film, says the film is not a remake of the classic 1972 novel-turned movie of the same name, which had a great influence in China.
He says it is a different film that's also based on the 1969 novel of the same name.
The movie is set to hit screens next Tuesday as part of the celebrations to mark the 70th anniversary of the anti-fascist war victory.
Chinese Deputy Foreign Minister Cheng Guoping and Russian ambassador to China Andrei Denisov also attended the event.
Christian149 Bale to Star in 'Ferrari' BiopicIt's been reported that Hollywood star Christian Bale is in talks to star in Michael Mann's Ferrari project.
The untitled "Ferrari" biopic is about Italian car maker44 Enzo Ferrari and follows the rise of the Ferrari as a luxury vehicle in the 1950s.
It will be shopped at the upcoming Venice and Toronto film festivals.
Mann will direct the film.
Bale and Mann collaborated150 on the 2009 mobster movie "Public Enemies," in which Bale played an FBI agent.
Bale was most recently seen in "Exodus151: Gods and Kings" and will appear next in Adam McKay's financial drama "The Big Short."Mann last directed the film "Blackhat," starring Chris Hemsworth.
US Movie theater chain begins check bagsUS movie theater chain Regal Entertainment Group has begun to check the bags of moviegoers .
The move is in response to shootings at theaters around the country.
On its website, the company says the procedure was "not without flaws" and would inconvenience guests but provide better security.
The company headquartered in Knoxville, Tennessee, operates around 570 theaters around the US.
Meanwhile, National Amusements Inc.'s Showcase chain, which runs about 30 theaters in the northeastern U.S., says on its website that it has banned backpacks and packages and reserves the right to search purses and bags.
Some moviegoers worry the searches would lead to other crackdowns of theater policies - like not bringing food from outside into theaters.
WeatherBeijing will be cloudy tonight with a low of 21, tomorrow will have shower with a high of 30.
Shanghai will rainy tonight with a low of 24, also rainy tomorrow, high of 27.
Chongqing will be clear tonight with a low of 23, cloudy tomorrow with a high of 33.
Lhasa will be rainy tonight with a low of 10, tomorrow will still be rainy with a high of 21.
Elsewhere in Asia,Islamabad will have slight rain tomorrow with a high of 33.
Kabul, cloudy, 30.
Down in the Southern Hemisphere.
Sydney, slight rain, high of 23,Brisbane, rainy,22,Perth, rainy, 17,And finally Auckland, New Zealand will have slight rain with a high of 15 degrees Celsius.
That's it for this edition of the Beijing Hour...
A quick look at the headlines before we go...
Hundreds of pieces of new military equipment will publicly debut during the military parade in Beijing on September 3rd...
a Thai official hints at progress in the investigation of Monday's bombing in Bangkok that killed several people, including Chinese tourists...
And North Korea's leader has ordered troops to be in a fully-armed state of war...
In Business...China's general manufacturing PMI plunges...
On behalf of the Beijing Hour staffers, I'm Shane Bigham in Beijing hoping you'll join us for our next edition of the Beijing Hour to open a window to the world together...
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1
debut
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| n.首次演出，初次露面 | |
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investigation
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| n.调查，调查研究 | |
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fully
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| adv.完全地，全部地，彻底地；充分地 | |
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plunges
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| n.跳进，投入vt.使投入，使插入，使陷入vi.投入，跳进，陷入v.颠簸( plunge的第三人称单数 )；暴跌；骤降；突降 | |
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reminder
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| n.提醒物，纪念品；暗示，提示 | |
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echelons
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| n.（机构中的）等级，阶层( echelon的名词复数 )；（军舰、士兵、飞机等的）梯形编队 | |
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noted
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| adj.著名的，知名的 | |
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artillery
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| n.(军)火炮，大炮；炮兵(部队) | |
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accomplished
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| adj.有才艺的；有造诣的；达到了的 | |
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shun
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| vt.避开，回避，避免 | |
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vice
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| n.坏事；恶习；[pl.]台钳，老虎钳；adj.副的 | |
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12
orientation
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| n.方向，目标；熟悉，适应，情况介绍 | |
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13
emulation
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| n.竞争；仿效 | |
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aggression
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| n.进攻，侵略，侵犯，侵害 | |
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15
participation
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| n.参与，参加，分享 | |
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commemorating
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| v.纪念，庆祝( commemorate的现在分词 ) | |
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joint
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| adj.联合的，共同的；n.关节，接合处；v.连接，贴合 | |
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jointly
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| ad.联合地，共同地 | |
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aspiration
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| n.志向，志趣抱负；渴望；(语)送气音；吸出 | |
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holocaust
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| n.大破坏；大屠杀 | |
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revival
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| n.复兴，复苏，（精力、活力等的）重振 | |
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martyrs
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| n.martyr的复数形式；烈士( martyr的名词复数 )；殉道者；殉教者；乞怜者（向人诉苦以博取同情） | |
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consensus
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| n.(意见等的)一致，一致同意，共识 | |
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usher
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| n.带位员，招待员；vt.引导，护送；vi.做招待，担任引座员 | |
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promotion
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| n.提升，晋级；促销，宣传 | |
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arduous
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| adj.艰苦的，费力的，陡峭的 | |
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hatred
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| n.憎恶，憎恨，仇恨 | |
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unity
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| n.团结，联合，统一；和睦，协调 | |
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rejuvenation
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| n. 复原，再生, 更新, 嫩化, 恢复 | |
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shrine
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| n.圣地，神龛，庙；v.将...置于神龛内，把...奉为神圣 | |
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ministry
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| n.(政府的)部；牧师 | |
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reconciliation
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| n.和解，和谐，一致 | |
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infamous
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| adj.声名狼藉的，臭名昭著的，邪恶的 | |
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toll
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| n.过路(桥)费；损失，伤亡人数；v.敲(钟) | |
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DNA
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| (缩)deoxyribonucleic acid 脱氧核糖核酸 | |
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junta
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| n.团体；政务审议会 | |
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accomplices
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| 从犯，帮凶，同谋( accomplice的名词复数 ) | |
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diplomat
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| n.外交官，外交家；能交际的人，圆滑的人 | |
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timing
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| n.时间安排，时间选择 | |
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bilateral
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| adj.双方的，两边的，两侧的 | |
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confrontation
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| n.对抗，对峙，冲突 | |
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remains
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| n.剩余物，残留物；遗体，遗迹 | |
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divergence
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| n.分歧，岔开 | |
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maker
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| n.制造者，制造商 | |
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prosecuted
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| a.被起诉的 | |
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graft
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| n.移植，嫁接，艰苦工作，贪污；v.移植，嫁接 | |
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prosecutors
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| 检举人( prosecutor的名词复数 )； 告发人； 起诉人； 公诉人 | |
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extorted
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| v.敲诈( extort的过去式和过去分词 )；曲解 | |
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bribes
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| n.贿赂( bribe的名词复数 )；向（某人）行贿，贿赂v.贿赂( bribe的第三人称单数 )；向（某人）行贿，贿赂 | |
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50
formerly
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| adv.从前，以前 | |
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51
cult
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| n.异教，邪教；时尚，狂热的崇拜 | |
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52
anonymous
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| adj.无名的；匿名的；无特色的 | |
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53
licenses
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| n.执照( license的名词复数 )v.批准，许可，颁发执照( license的第三人称单数 ) | |
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sluggish
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| adj.懒惰的，迟钝的，无精打采的 | |
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sector
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| n.部门，部分；防御地段，防区；扇形 | |
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analysts
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| 分析家，化验员( analyst的名词复数 ) | |
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stringent
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| adj.严厉的；令人信服的；银根紧的 | |
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graveyard
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| n.坟场 | |
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59
treacherous
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| adj.不可靠的，有暗藏的危险的；adj.背叛的，背信弃义的 | |
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60
deluge
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| n./vt.洪水，暴雨，使泛滥 | |
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pedestrians
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| n.步行者( pedestrian的名词复数 ) | |
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thoroughly
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| adv.完全地，彻底地，十足地 | |
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autonomous
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| adj.自治的；独立的 | |
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hairpin
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| n.簪,束发夹，夹发针 | |
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prone
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| adj.(to)易于…的，很可能…的；俯卧的 | |
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helping
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| n.食物的一份&adj.帮助人的，辅助的 | |
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mishaps
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| n.轻微的事故，小的意外( mishap的名词复数 ) | |
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68
plunging
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| adj.跳进的，突进的v.颠簸( plunge的现在分词 )；暴跌；骤降；突降 | |
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69
intensified
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| v.（使）增强， （使）加剧( intensify的过去式和过去分词 ) | |
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ultimatum
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| n.最后通牒 | |
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71
dismantle
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| vt.拆开，拆卸；废除，取消 | |
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72
warfare
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| n.战争(状态)；斗争；冲突 | |
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provocative
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| adj.挑衅的，煽动的，刺激的，挑逗的 | |
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coordinating
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| v.使协调，使调和( coordinate的现在分词 )；协调；协同；成为同等 | |
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landmines
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| 潜在的冲突； 地雷，投伞水雷( landmine的名词复数 ) | |
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dealing
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| n.经商方法，待人态度 | |
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intervals
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| n.[军事]间隔( interval的名词复数 )；间隔时间；[数学]区间；（戏剧、电影或音乐会的）幕间休息 | |
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humanitarian
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| n.人道主义者，博爱者，基督凡人论者 | |
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tumor
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| n.（肿）瘤，肿块(英)tumour | |
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determined
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| adj.坚定的；有决心的 | |
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malignant
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| adj.恶性的，致命的；恶意的，恶毒的 | |
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82
diagnosis
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| n.诊断，诊断结果，调查分析，判断 | |
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interfered
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| v.干预( interfere的过去式和过去分词 )；调停；妨碍；干涉 | |
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diplomacy
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| n.外交；外交手腕，交际手腕 | |
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legacy
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| n.遗产，遗赠；先人(或过去)留下的东西 | |
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86
lure
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| n.吸引人的东西，诱惑物；vt.引诱，吸引 | |
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87
influx
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| n.流入，注入 | |
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influxes
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| n.大量涌入( influx的名词复数 ) | |
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deploy
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| v.（军）散开成战斗队形，布置，展开 | |
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decided
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| adj.决定了的，坚决的；明显的，明确的 | |
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deployed
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| （尤指军事行动）使展开( deploy的过去式和过去分词 )； 施展； 部署； 有效地利用 | |
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92
allocate
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| vt.分配，分派；把…拨给；把…划归 | |
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chancellor
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| n.(英)大臣；法官；(德、奥)总理；大学校长 | |
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Mediterranean
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| adj.地中海的；地中海沿岸的 | |
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killing
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| n.巨额利润；突然赚大钱，发大财 | |
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96
judicial
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| adj.司法的，法庭的，审判的，明断的，公正的 | |
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97
precedent
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| n.先例，前例；惯例；adj.在前的，在先的 | |
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98
culpable
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| adj.有罪的，该受谴责的 | |
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99
intentional
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| adj.故意的，有意（识）的 | |
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100
custodial
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| adj.监护的，照管的 | |
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101
Celsius
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| adj.摄氏温度计的，摄氏的 | |
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102
civilians
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| 平民，百姓( civilian的名词复数 )； 老百姓 | |
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103
residential
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| adj.提供住宿的；居住的；住宅的 | |
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104
survivors
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| 幸存者，残存者，生还者( survivor的名词复数 ) | |
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105
rubble
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| n.（一堆）碎石，瓦砾 | |
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106
affected
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| adj.不自然的，假装的 | |
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107
migration
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| n.迁移，移居，（鸟类等的）迁徙 | |
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108
commissioner
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| n.（政府厅、局、处等部门）专员，长官，委员 | |
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109
asylum
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| n.避难所，庇护所，避难 | |
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110
turnover
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| n.人员流动率，人事变动率；营业额，成交量 | |
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111
plunged
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| v.颠簸( plunge的过去式和过去分词 )；暴跌；骤降；突降 | |
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112
slumped
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| 大幅度下降，暴跌( slump的过去式和过去分词 )； 沉重或突然地落下[倒下] | |
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113
sectors
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| n.部门( sector的名词复数 )；领域；防御地区；扇形 | |
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114
yen
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| n. 日元；热望 | |
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115
provincial
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| adj.省的，地方的；n．外省人，乡下人 | |
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116
federation
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| n.同盟，联邦，联合，联盟，联合会 | |
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117
acceleration
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| n.加速，加速度 | |
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118
corporate
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| adj.共同的，全体的；公司的，企业的 | |
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119
previously
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| adv.以前，先前（地） | |
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120
treasury
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| n.宝库；国库，金库；文库 | |
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121
depreciated
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| v.贬值，跌价，减价( depreciate的过去式和过去分词 )；贬低，蔑视，轻视 | |
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122
investor
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| n.投资者，投资人 | |
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123
investors
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| n.投资者，出资者( investor的名词复数 ) | |
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124
prestigious
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| adj.有威望的，有声望的，受尊敬的 | |
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125
literally
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| adv.照字面意义，逐字地；确实 | |
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126
diversify
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| v.（使）不同，（使）变得多样化 | |
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127
portfolios
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| n.投资组合( portfolio的名词复数 )；（保险）业务量；（公司或机构提供的）系列产品；纸夹 | |
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128
vacancy
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| n.（旅馆的）空位，空房，（职务的）空缺 | |
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129
prospect
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| n.前景，前途；景色，视野 | |
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130
diversifying
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| v.使多样化，多样化( diversify的现在分词 )；进入新的商业领域 | |
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131
volatility
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| n.挥发性，挥发度，轻快，（性格）反复无常 | |
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132
coordinate
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| adj.同等的，协调的；n.同等者；vt.协作，协调 | |
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133
flexibility
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| n.柔韧性，弹性，（光的）折射性，灵活性 | |
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134
relegation
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| n.驱逐，贬黜；降级 | |
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135
defender
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| n.保卫者，拥护者，辩护人 | |
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136
squad
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| n.班，小队，小团体；vt.把…编成班或小组 | |
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137
elites
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| 精华( elite的名词复数 )； 精锐； 上层集团； （统称）掌权人物 | |
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138
accusations
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| n.指责( accusation的名词复数 )；指控；控告；（被告发、控告的）罪名 | |
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139
ousted
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| 驱逐( oust的过去式和过去分词 )； 革职； 罢黜； 剥夺 | |
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140
intensity
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| n.强烈，剧烈；强度；烈度 | |
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141
retired
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| adj.隐退的，退休的，退役的 | |
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142
bogey
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| n.令人谈之变色之物；妖怪，幽灵 | |
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143
royalty
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| n.皇家，皇族 | |
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144
debuted
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| 初次表演，初次登台（debut的过去式与过去分词形式） | |
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145
premier
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| adj.首要的；n.总理，首相 | |
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146
premiers
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| n.总理，首相( premier的名词复数 )；首席官员， | |
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147
solders
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| n.焊料，焊锡( solder的名词复数 )v.（使）焊接，焊合( solder的第三人称单数 ) | |
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148
Nazi
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| n.纳粹分子，adj.纳粹党的，纳粹的 | |
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149
Christian
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| adj.基督教徒的；n.基督教徒 | |
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150
collaborated
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| 合作( collaborate的过去式和过去分词 )； 勾结叛国 | |
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151
exodus
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| v.大批离去，成群外出 | |
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