From: xc17@cicero.spc.uchicago.edu ()
Subject: CND-Global, September 5, 1992
Organization: U of Chicago, SSPPCC
Summary: CND-Global
Reply-To: cnd-editor@sdsc.edu
Keywords: CND-Global
Date: Sat, 5 Sep 1992 07:39:38 GMT
X-Posted-From: cicero.spc.uchicago.edu
X-Posted-Through: sol.ctr.columbia.edu

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

                              (News Global)

                       Saturday, September 5, 1992

Table of Contents                                                # of Lines
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1. News Brief (3 Items) .................................................28
2. China: Returning Dissident Detained, But Other Expatriates Welcome ...60
3. World Bank Warns China's Economy May Be Overheating ..................34
4. China Accuses Bush of Deception in Fighter Sale to Taiwan ............60
5. Rewards for Olympics Gold Medalists Zhuang Yong and Yang Wenyi:
   Life Time Free Flight Tickets and Unlimited Coca-Cola till 1996 ......20
6. China Reportedly to Issue Hong Kong Currency by 1994 .................28
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1. News Brief (3 Items) .................................................28
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[AP, 9/03/92] JAKARTA, Indonesia -- Nonaligned nations want the United
States, Russia, France, Britain and China stripped of their power
to veto United Nations policy. The movement's week-long summit meeting,
in its third day today, seeks changes that would give developing states
which make up two-thirds of its membership a much louder voice in running
the United Nations "The composition of the Security Council may (have been)
justified in the immediate post-World War II period. It cannot be
justified now," Malaysian Prime Minister Mahathir Mohamad said.
(From: Peng Fang)
                             ____  ____  ____

[AP-DJ, 9/03/92] TAIPEI--Taiwanese companies are pushing their government
to take a harder line on South Korean imports in the wake of Seoul's
decision to establish relations with Beijing. And in the process, they are
targeting Japanese goods as well, The Asian Wall Street Journal reported
Friday. Taiwan angrily broke ties with Korea last week over the rapprochement
with China. At the same time, Taipei retaliated by banning imports of Korean
autos and fruit, severing air links and barring Korean companies from bidding
on some public construction projects. (From: Huijie)
                             ____  ____  ____

Note From CND-CM (HXWZ):
   The information of anonymous ftp site for Chinese Songs available at
   dale.ssc.gov (IP: 143.202.76.24) carried in HXWZ #75 (cm9209a) has
   generated a big surge among readers. Reports of failure in ftp to that
   site have been flooding many branches of CND.
   According to reader LI Xiaoyu, who kindly provides the ftp site, some
   early birds got succeded but others failed due to the login limitation
   to anonymous ftp during working hours that only five concurrent anonymous
   ftp users are allowed, the restriction is lifted for off-hours (North
   America time) and weekends.  Please readers use the anonymous ftp site
   for Chinese songs at off-hours and weekends. (From: LI Rong)

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2. China: Returning Dissident Detained, But Other Expatriates Welcome ...60
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From: A CND Reader
Source: UPI 9/04/92

BEIJING (UPI) -- Officials Friday announced Chinese students abroad
are welcome to come home "regardless of past political attitude," even
though police this week seized a recently returned dissident for anti-
government activities.

Authorities Tuesday detained Shen Tong -- who returned to his
communist homeland last month after three years of self-exile in the
United States -- hours before he planned to give a news conference about
plans to resume pro-democracy activities.

Friday, the official Xinhua news agency denied Shen, 24, had been
arrested -- claiming police only had him under "surveillance and
investigation" at an unspecified residence. Authorities have told
Shen's mother that her son is in "supervisory detention," but have not
allowed her to see him.

Xinhua alleged Shen, who fled China in the wake of the 1989 Tiananmen
Square massacre, had engaged in "illegal activities in collaboration
with foreigners" since returning home.

Before his seizure, Shen had hoped to register a branch of his human-
rights organization, the Newton, Mass.-based Democracy for China Fund,
with the Beijing government.

But Xinhua Friday called the fund an "illegal organization," and
said Tuesday's incident had been "carefully planned abroad" to
recharge the Chinese exile movement.

Shen's seizure has drawn widespread foreign condemnation, and
contrasts China's recent appeals to expatriate students to come home and
participate in the country's economic reforms. Shen was the first
Tiananmen pro-democracy leader to return to China.

All told, just a third of 170,000 students and researchers who have
gone overseas in the past 10 or 15 years have ever come home.

Friday's Xinhua dispatch acknowledged the expatriates' fears of
persecution, but tried to reassure students they can return to China
without incident.

"They are welcome regardless of their past political attitude,
whether or not they participated in anti-Chinese government
organizations abroad, engaged in actions which jeopardized China's
security or harmed the nation's reputation and interests," Xinhua said.

However, the dispatch warned returning students must withdraw from
groups deemed anti-government, and can "no longer participate in anti-
government activities" once coming home.

Xinhua made no mention of two other dissidents, Qi Dafeng and Qian
Liyun, who police detained along with Shen.

But it said two French journalists and American scholar Ross Terrill,
who authorities deported after Shen's detention, had been expelled for
"activities incompatible" with their status as tourists.

According to Xinhua, Terrill's offense had been giving foreign
reporters a statement about Shen's planned news conference.

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3. World Bank Warns China's Economy May Be Overheating ..................34
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From: Huijie
Source: AP-DJ 9/03/92

WASHINGTON -(AP-DJ)--The World Bank warns that China's economy is in danger
of overheating, saying that it must develop a broader array of monetary
instruments to prevent cycles of runaway growth and contraction.

Shahid Javed Burki, director of the World Bank's China and Mongolia
Department, issued the warning in the bank's latest newsletter saying that 
the Chinese economy remains prone to overheating due to the absence of 
monetary instruments to control interest rates and bank reserves.

Burki, who anticipates China's gross domestic product will grow between 7%
and 9% annually 'in the next few years,' cautioned that a series of rapid
growth and contractions within the Chinese economy is the result of these
monetary instruments.

'When rapid growth begins to take place, the economy heats up, but there is
little the government can do about the problem because instruments like
interest rates and bank reserves that can be used to fine tune the economy
remain undeveloped,' he stated.

'Our fear is that the very rapid investment taking place in China right now
may once again lead to overheating of the economy,' he stated. 'So we have
advised the government to give greater emphasis to developing instruments that
can be used to prevent overheating.'

Burki praised Chinese economic reforms generally. And he added that the
World Bank is particularly interested in financing development to eliminate
'transport and energy bottlenecks' created by 'the very rapid growth it has
had in the past and is likely to have in the future.'

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4. China Accuses Bush of Deception in Fighter Sale to Taiwan ............60
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From: A CND Reader
Source: UPI, 9/04/92
By: David R. Schweisberg

BEIJING (UPI) -- China, in one of its harshest attacks ever on a U.S.
administration seen as friendly, accused President Bush of deceit Friday
in the sale of advanced warplanes to Taiwan and said his government used
"excuses and lies" to justify the move.

A signed commentary by the official Xinhua news agency, printed on
the front page of the Communist Party newspaper People's Daily, rained
outrage on Bush's decision to approve selling up to 150 F-16 fighter
jets to the Nationalist Chinese-ruled island.

The commentary charged the United States has "repeatedly gone back
on its words" by shipping weapons to Taiwan, allegedly in violation of
a 1982 joint agreement in which Washington pledged to reduce gradually
the quantity and quality of such sales.

"But the Bush administration has fabricated various excuses and lies
trying to justify its arms sale decision, which is seriously
jeopardizing Sino-U.S. relations," it said.

The commentary derided Bush's assertion that arms sales to Taiwan
would enhance regional stability. China views the island as a renegade
province and has never renounced using force to reclaim it.

"This is sheer deceptive talk," the commentary said.
"The U.S. decision to sell fighter jets to Taiwan can only bring
tension to the already calmed situation across the Taiwan Straits and
severely damage peace and stability in the region," it said.

The commentary was one of China's most strident criticisms of Bush
since his presidency began. Although channeled through Xinhua for the
sake of diplomacy, the article was certain to have been approved by
senior Communist Party officials.

Bush, who served as U.S. envoy to China in the mid-1970s, has until
now been viewed by Chinese leaders as a friend and as an ally against
their antagonists in Congress, in part for renewing China's Most Favored
Nation trade status despite congressional opposition.

But even after the 1989 Tiananmen Square crackdown, when the Bush
administration imposed sanctions on China, state-run media generally
refrained from personal attacks on the president.

The latest commentary, however, conspicuously omitted any charge that
Bush's decision was prompted by his re-election battle and his need for
votes in the key state of Texas, where the F-16 is made.

Only one earlier Xinhua report referred to politics, noting in the
last paragraph of a news dispatch that "public opinion" in the United
States held the decision was made "mainly out of Bush's need to draw
votes in the presidential election."

Chinese officials have in recent months privately expressed hope that
Bush will win re-election. Many equate a presidency of his Democratic
Party rival, Bill Clinton, with what they view as the anti-China
policies of Democrats in Congress.

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5. Rewards for Olympics Gold Medalists Zhuang Yong and Yang Wenyi:
   Life Time Free Flight Tickets and Unlimited Coca-Cola till 1996 ......20
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From: A CND Reader
Source: South China Morning Post, 8/22/92

Chinese athletes were handsomely rewarded for their medal-winning efforts in
Barcelona with swimmers Yang Wenyi and Zhuang Yong doing best of all.

China Eastern Airlines has given the Shanghai girls free tickets for life,
while proud city officials have handed them both keys to luxury apartments 
"to be furnished to their own tastes."

Coca-Cola will supply Yang, who broke her own world record in the 50 metres
freestyle, with unlimited soft drinks until the next Olympics in 1996.  There
has been no comment from her coach as to whether gallons of Coke are regarded
as "the real thing" to aid her training.

Zhuang, gold medalist in the 100 metres freestyle, was said to have been given
an open cheque to buy what she wanted at a luxury boutique to celebrate her
20th birthday.

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6. China Reportedly to Issue Hong Kong Currency by 1994 .................28
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From: Jian Liu
Source: AP-DJ, 9/04/92

BEIJING -(AP-DJ)--The state-owned People's Bank of China will start issuing
Hong Kong currency in 1994, an official newspaper has reported.

Shanghai's Xinmin Evening News (Xinmin Wanbao) quoted officials from the
state-run People's Bank of China as saying that the bank had applied formally
with the Hong Kong government to issue the currency. It also said the Hong
Kong government had approved the application in principle, subject to
ratification by the legislature.

The report was in the newspaper's Thursday edition, which was seen Friday in
Beijing. The newspaper didn't say how much currency would be issued.

China's state-run bank has long been considered likely to become the British
colony's third note-issuing institution, joining the Hong Kong and Shanghai
Bank and the Standard Chartered Bank Australia.

Previous reports from Hong Kong have quoted Chinese officials as saying
the Bank of China has no intention of overtaking the Hong Kong and Shanghai 
Bank's position as the territory's de facto central bank.

But some are wary that the move represents an attempt by China to exert more
influence in the colony before Hong Kong reverts to Chinese rule in 1997.

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