VietNamNet Bridge – The "cow tongue" or "nine dotted line" or “U-shaped line” is a product that has surprised the world, including some Chinese researchers, with some calling it "incomprehensible". A Chinese scholar had to admit: "It's embarrassing when international colleagues ask me about the nine dotted line!” In 2009, China officially announced the U-shaped line map. Immediately, a well-known commentator of the Hong Kong-based Phoenix TV station – Tiet Ly Thai - warned: "China is making a disaster for itself. The international community will never let that happen." And many Chinese scholars in China have published articles about the origin of the "cow tongue" with advice to the Chinese government, "Do not make a fool of yourself." According to two Chinese scholars Li Jinming and Li Dexia, in an attempt to define and declare “the extent of Chinese sovereignty around the Paracel and the Spratly Islands”, in February 1948, the Geography … [Read more...] about The legend of China’s bogus “cow tongue”
Bank of china philippines
VietNamNet Bridge – Vietnamese economists are trying to calculate the damage to the national economy in case China stops trade and investment activities with Vietnam. They have reasons to worry about this after the Philippine’s case. On January 22, 2013, the Philippines officially filed in the UN’s Arbitration Court against China for its violations of the 1982 Law on the Sea Convention, of which both the Philippines and China are members. However, China, not the Philippines, took action first, in the battle. In early 2012, Chinese enterprises unanimously complained that Filipino banana and fruit imports contained high pesticide residue. This has been repeatedly denied by the Philippines. However, thousands of containers of bananas imported from the Philippines at that time rotted at ports in China, which consumes 30 percent of Filipino bananas. The same situation occurred with other Filipino fruits. The Philippines Minister of Trade and Industry, Gregory … [Read more...] about What are the consequences of China’s reduced investments in VN?
Addressing a press conference in Nanning city, the Chinese province of Guangxi where the CAEXPO 2015 was recently held, Wang said the decision was reached during the 12th CAEXPO senior officials’ meeting on September 20. The Country of Honour mechanism was first introduced at the CAEXPO 2007 in order to make it easier for the country to popularise its images during the event. It is chosen alternately among 10 ASEAN member countries, including Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. This year, Thailand was named as the Country of Honour. According to Wang, the CAEXPO 2015 attracted 85 groups of investors and buying mission, up 5 percent last year.Popular products such as rice, coffee, wooden furniture and handicrafts, as well as China’s packaging and food processing equipment and electronics and electrical appliances grabbed the attention of buyers. Many deals were signed, including a memorandum of … [Read more...] about Vietnam to be Country of Honour at CAEXPO 2016
Overseas Filipinos remitted 2.27 billion USD to their home country through the Central Bank of the Philippines (BSP) in August, registering a year-on-year rise of 7.2 percent. This brought the total cash remittances in eight months to 17.23 billion USD, up 6.5 percent against the same period last year. The money was mainly sent from the US, Saudi Arabia, the United Arab Emirates, the UK, Singapore, Japan, Canada and China’s Hong Kong. Strong demand for skilled Philippine workers was attributed to the increase of remittance flows, according to the BSP. Preliminary data from the Philippine Overseas Employment Administration (POEA) showed that job orders reached nearly 619,400 in January-August, more than one third of which intended for services and manufacturing. Remittances contribute to one tenth of the country’s gross domestic growth (GDP). It plays an important role in supporting domestic consumption and driving tourism, banking, health and other sectors. With … [Read more...] about Philippine remittances exceed 2 billion in August
VietNamNet Bridge – The following analysis by Dr. Le Hong Nhat, from the HCM City National University, is a profound angle of the nature of the East Sea disputes, China’s plot and recommendations of policies for Vietnam. The articles show the author’s personal viewpoint. The East Sea: Seizing opportunity, getting out of danger China’s game in the East Sea Multilateral cooperation among small countries against the bully of big countries in the region is natural but difficult to implement. For example, China harassed ships of the Philippines near the Reed Bank but it does not directly affect the interests of Vietnam, which wants to maintain friendship and good neighborhood with China. On the contrary, China cutting the cables of Vietnamese seismic survey ships does not directly touch the interests of the Philippines, which still has commercial and diplomatic interests with China.For that reason, at the ASEAN security forum in Shangri-La Dialogue, Singapore … [Read more...] about The dilemma of Vietnam, Philippines and new opportunities