From: xu@hydra.maths.unsw.oz.au ()
Subject: CND-Global, January 9, 1993
Organization: school of Mathematics UNSW
Distribution: aus
Date: Sat, 9 Jan 1993 07:15:00 GMT


               * * *  C h i n a   N e w s   D i g e s t  * * *

                                (News Global)

                         Saturday, January 9, 1993


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1. News Brief (3 Items) ................................................. 38
2. Li Peng Seeks Improved Relations with U.S. ........................... 33
3. Chinese Workers Clamoring for 5-Day Week ............................. 22
4. Chinese Leaders Sound Reassuring Note on Hong Kong ................... 36
5. What's in Tomorrow's Hua Xia Wen Zhai #zk12 (cm9301y1) ............... 28
============================================================================

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1. News Brief (3 Items) ................................................. 38
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[Aviation Week & Space Technology, 1/4/1993] -- Chinese and  Hughes Aircraft
engineers this week will begin  a  joint  investigation  into  the  loss  of
Australia's  Oputs  B2 telecommunication satellite. The new design Model 601
satellite  failed  to send or  respond to  normal post  launch signals after
being placed in  orbit  by  a Chinese Long March 2E booster late last month.
(Forwarded by: Xiaowen Li from SCC Raymond Man's posting)
                                ___ ___ ___

[AP-DJ, 1/8/1993] HONG KONG -- Chinese B-shares, equities reserved for over-
seas investors, ended firmer Friday,  with both Shanghai and Shenzhen issues
gaining.  The Standard Chartered Securities Shanghai B-Shares Index advanced
0.57 point to 76.66 while the firm's Shenzhen B-Share Index rose 7.19 points
114.69.  Samson Chau,  a broker at  Credit Lyonnais  Securities (Asia) Ltd.,
attributed the Shenzhen bourse's surge to gains led by Victor Onward,  which
soared 3.30 yuan to 8.10 yuan,  while Shenzhen  Huafa Electronics climbed 65
fen to 5.20 yuan.  Meanwhile,  the Shanghai bourse  advanced on mild bargain
hunting,  he said.  In Shanghai, Shanghai Tyre & Rubber lost 5 cents to 8.55
U.S. dollars and  Shanghai Wing Sang  Stationery was  unchanged at 7.95 U.S.
dollars.  In Shenzhen, Shenbao Industries was  unchanged  at 5.00 yuan while
Shenzhen Konka  Electronic Group slipped lost 5 fen to 9.55 yuan. (Forwarded
by: Huijie)
                                ___ ___ ___

[UPI, 1/8/1993] SAN FRANCISCO -- The South China Morning Post,  Hong  Kong's
major  newspaper,  Thursday announced plans to launch a weekly international
edition in San Francisco.  The English-language paper will hit  the  streets
Jan.  23 -- the first day of 1993 Chinese New Year celebrations.  Hemisphere
Marketing, which will help launching the edition, said the paper decided  to
enter  the San Francisco market because of the city's large Asian population
and its influence on the Pacific Rim. (Forwarded by: A CND Reader)
                                ___ ___ ___

[AP-DJ, 1/7/1993] -- Seventy percent of China's defense industry has switch-
ed to civilian  production,  an official  report said today.  Chen Dazhi,  a
major  general in  the People's  Liberation  Army,  said the  conversion  of
China's  defense factories  began 13 years ago  and is now  proceeding at an
annual rate of 20 percent, the China Daily reported.  "For centuries, people
have been dreaming of 'turning swords into plows.'  Now,  China is realizing
this dream,"  Chen was quoted as  saying.  Analysts say,  however,  that the
main impetus for  the change to civilian production  is the  military's need
to raise cash to buy modern weapons and technology.  From 1991 to 1995,  350
conversion projects are planned, said the report, which did not say how many
factories have already switched to civilian production. (Forwarded  by: Zhao
Hua)

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2. Li Peng Seeks Improved Relations with U.S. ........................... 33
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Forwarded by: Huijie
Source: AP, 1/8/1993

BEIJING -- Less than 2 weeks before President-elect  Clinton  takes  office,
Premier  Li Peng  made a  strong pitch  Friday for  improving  the  strained
relations between their countries.

Li, speaking to two visiting senators,  Democrats  J.  Bennett  Johnston  of
Louisiana and Daniel Akaka of Hawaii, said Beijing attaches great importance
to U.S.-China relations and wants to expand and improve ties.

"There's no reason for China and the United States not to develop a friendly
relationship of cooperation"  that could promote  world peace and stability,
the official Xinhua News Agency quoted Li as saying.

The remarks  by Li were  among the  most  conciliatory  made by  China since
bilateral  relations  chilled with the military  crackdown on  the Tiananmen
Square pro-democracy movement in 1989.

They seemed to signal China's hope that relations  won't deteriorate further
under the Clinton administration.

During the campaign, Clinton argued that President Bush's refusal to  revoke
China's  most-favored-nation trade status had failed to bring about improve-
ments in human rights, trade imbalances or weapons proliferation.

The trade status grants Chinese products the lowest available U.S. tariffs.

Since his election, Clinton has moderated his tone, saying he was happy with
the  growth in China's markets and calling for a more cautious policy toward
Beijing.

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3. Chinese Workers Clamoring for 5-Day Week ............................. 22
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Forwarded by: Huijie
Source: J.E.N., 1/8/1993

BEIJING -- Chinese  workers are clamoring for  a reduced workweek to improve
their quality of life, an official newspaper reported Friday.

Growing calls for a standard five-day  workweek  have  won  the  backing  of
China's official trade union movement, the Tianjin-based Caifeng Daily said.

The All China Federation of Trade Unions has tabled motions to the last  two
sessions  of  the  Chinese parliament, the National People's Congress, which
meets every spring, recommending that a five-day workweek  be  adopted,  the
newspaper said.

Most Chinese employees currently work a six-day week, although  some  state-
run enterprises allow workers to do only a half-day on Saturdays.

The  Development and  Research Center under  China's State  Council recently
organized a series  of  seminars  on the subject inviting more than 30 state
departments and enterprises to air their views, the newspaper said.

Participants concluded that a five-day, 40-hour workweek would  improve  the
overall quality of life for workers and boost job efficiency, it said.

But such a radical reform would first require guarantees that work tasks and
productivity levels would not be adversely affected, the seminars concluded.

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4. Chinese Leaders Sound Reassuring Note on Hong Kong ................... 36
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Forwarded by: A CND Reader
Source: UPI, 1/8/1993

BEIJING -- The Chinese premier and Communist Party leader told visiting Hong
Kong  businessmen  Friday Beijing would honor its agreements with Britain on
the colony despite the ongoing conflict over proposed democratic reforms.

Premier Li Peng and Communist Party General Secretary  Jiang  Zemin  sounded
the  reassuring notes in meetings with prominent Hong Kong businessman Henry
Fok, president of Hong Kong's Chinese Chamber of Commerce, and a  delegation
that accompanied him to Beijing.

The Hong Kong business community and stock market has been shaken in  recent
months  by the  furor over  Hong Kong  Governor Chris  Patten's proposals to
expand democracy in the colony before it is handed back to China in 1997.

China has kept up a barrage of criticism of the  plan,  demanding  again  on
Thursday  that  Patten  scrap  his proposals, and some officials have hinted
Beijing might tear up the 1984 Sino-British joint declaration on  Hong  Kong
and other agreements.

But Li  told Fok and his  delegation  that China  "will,  as always, act  in
accordance  with the principles and  stipulations  of the Sino-British joint
declaration,  the Hong Kong  Basic Law and other  relevant  agreements," the
official Xinhua news agency reported.

In a separate meeting with Fok, Jiang called on Britain "to come back to the
principles" of the agreements but echoed Li's assurances.

"We in China honor our words and commitments  in  international  exchanges,"
Jiang  said.  "We  have confidence in the smooth power transfer of Hong Kong
and in the stability and prosperity there."

China has pledged to allow Hong Kong to retain its capitalist system for  50
years  after 1997 under a  "one country,  two systems"  theory,  despite its
efforts to limit democratic reforms there.

Jiang  said the one  country,  two systems  concept  "was the  only  correct
policy"  for  eventual  reunification  with  the mainland of Hong Kong,  the
Portuguese colony of Macao and Nationalist Chinese-ruled Taiwan.

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5. What's in Tomorrow's Hua Xia Wen Zhai #zk12 (cm9301y1) ............... 28
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>From: CND Hua Xia Wen Zhai Editorial Board <cnd-cm@sdsc.edu>

                             Hua Xia Wen Zhai
                          (CND Chinese Magazine)
                              Issue #zk12
                             January 10, 1993

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                       Table of Contents (cm9301y1.gb)
-----------------------------------------------------------------------------
1.  Editor's Words
2.  1989: Between Spring and Summer    ...........................  Dai Qing
3.  Go to Square with Scholars         ........................ Wang Chaohua
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              Executive Editor: Zhu Gaoqiu, Tu Ya  < cnd-cm@sdsc.edu >
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