Reference News: G-20 Sino-US relations which - military

British Broadcasting Corporation (BBC) recently published an article entitled "The 20-nation summit on Sino-US relations were" on the Chinese web journalist for the BBC Munch. Article excerpts are as follows:

The 20 held in South Korea since the summit was the global financial crisis since the outbreak of 2008, the fifth summit of 20 countries. This is the first time in Asia, the 20-nation summit meeting. 20 economic power of wealth accounts for 85% of global wealth, showing 20-nation summit on the global economic order in the pivotal position.

Hosts South Korea, said the summit can lay the foundation of history requires the financial crisis of the international economic order. Economist Zhong Dajun in Beijing that the 20-nation summit is important, mainly due to the decision situation. Facing a serious imbalance in international economic and monetary issues to be resolved, and highlights the importance of the summit.

Although there have been comments that the 20-nation summit in dealing with geopolitical and international economic relations also play an important role in its political role as much as the United Nations. Nevertheless, China and neighboring countries, the differences on strategic issues, such as the East Asian countries using the channels of control, the South China Sea islands dispute over sovereignty, will not become the focus of the meeting.

Summit, the main concern is the major international economic problems, global currency war and how and whether countries should be to stimulate the economy are major differences on issues, and how to cut government spending and other differences. The United States and China, two of the world economic powers will play a pivotal role in the summit.

Before the summit, the United States continued to exert pressure on China, the RMB to respond to market pressures, rapid appreciation, appreciation is also reluctant to accuse China of a form of trade protectionism. U.S. Treasury Secretary Timothy Geithner said the G20 will be used to encourage China's other trading partners to persuade Beijing to let the yuan appreciate more quickly.

Geithner said in a television interview on Thursday in China, progress has been made on the currency issue, the Beijing authorities that the sustained appreciation of the very important. He said: "market forces reflects a belief that the strong growth in China, strong productivity growth, if you ignore or resist market forces, these pressures will not disappear, it will lead to higher inflation, asset values will rise further high, which is very unfavorable to China. "

Obama said Thursday the United States and China to discuss economic issues in the process of "making progress", "As the world's two most important economic power, we ensure balanced and sustained economic growth has a special obligation."
Chinese President Hu Jintao also said the pre-commitment, China will do its utmost to reach a consensus at the summit.

States in the fiscal and monetary policy differences are G20 agree on the major challenges facing.

U.S. Treasury Secretary Timothy Geithner want countries to GDP ratio and surplus or deficit developed, the development of a global goal, a better balance between consumer countries like the United States and China, and exporting countries like Germany. He urged countries in their efforts last month in the next few years, the cash account balances will be limited to 4% of GDP or less.

Obama yesterday open letter to the leaders of 20 countries, said that previously relied on exports to offset their lack of demand in the country must make a change. Obama said that although the increase in Asian countries to expand domestic demand, but the U.S. economy is strong on the global economic recovery is essential.

However, the position of the United States does not seem to reach a consensus in the allies. Germany's current account surplus of more than 6% of GDP, is the main opponents of the U.S. proposal. Restricted cash account in Germany do not agree with the proposal, not in favor of setting a quantitative target. German economic growth of 2.7% this year, mainly due to exports.
Some analysts believe that the U.S. proposal was a close ally of the Western world criticism, showing the balance of power in the backward countries like China. But Zhong Dajun that compared with Germany, China's exports more dollar reserves up, bigger victims, but China's criticism of the United States but not the sound. Deep level of Sino-US economic co-binding, will try to overcome differences and reach an agreement.

The communique was leaked before the summit, the details show that 20 countries will seek to develop a more market-oriented exchange rate, but the rich countries on how to solve such as China and Brazil with the emerging tensions between countries is not a new proposal.
Editor: soul power

British media: Chinese World "is an opportunity or a threat"

European Financial Network】 【British Broadcasting Corporation (BBC) recently published an article entitled "Chinese World: Opportunity or Threat? "On the network news for the BBC Chinese Wei Liang. Article excerpts are as follows:

"No smoking on the road." Street in Tokyo, the bow can be seen in the distinctive marks on the pavement, in Japanese, English, Chinese and Korean warned the public not to smoke in the street.

Chinese net for the BBC, "Chinese World" section, early October I flew from London to Tokyo. Just a week, walking in the streets of this city, do not see the ground with cigarette butts. Bustling Ginza is the case, also the case in other parts of the streets.

This is indeed a very neat and clean city.

"Really?" Meiji Gakuin University, four students I interviewed commented Tokyo listen to me seems a bit surprised.

"Cities in other countries, you will agree with me," I say to women.

They have never left Japan. "Going really change your world view it?" One student asked.

"Indeed, change your view of the world." I responded.

"To take a trivial example. I was born and raised in Beijing. In China, I saw the Chinese map of the world on the most central location. Later, I saw out of the country map of the world, China is not in the most central."

"For example, the United Kingdom on the world map as far as possible to the middle of the United Kingdom. Thus I see people from different countries of the world's view is not entirely the same. To learn to understand other people's different views and perspectives. "

China and Japan due to a dispute over a series of problems, to ease relations, problem solving, mutual understanding is more important.

In the economic scale, China surpassed Japan, moved up to second place. Economists believe that China overtook the United States as the world's largest economy, which has not be impossible, but rather a matter of time.

China's foreign exchange reserve diversification of the world currency market and U.S. influence - Zhong Dajun

[Editor's Note: China's economy What is the relationship with the world economy? China's economy have any effect on the world economy? Are Mr. and Professor Song Guoqing Zhong Dajun issued two articles, from the monetary, financial and commodity markets to examine two aspects of China's economic impact on the world.

January 24, 2006

First, China's economic performance in the world, important

Recently there have been foreign reporters to interview me, requiring foreign exchange reserve diversification talk about the impact on China's views. My main point is: foreign exchange reserves depends on a variety of changes in China's economic interests and political interests, the Chinese Administration of Foreign Exchange have to consider their own economic interests and economic risks, but also consider the international relations, but in the end considering the economic benefits and economic risks.

China's foreign exchange reserves, mainly related to a variety of issues on the international situation and China's economic situation in the world to judge. If China believes that a country's economic problems, with the weakness of a currency, it will appropriately reduce the holding of that currency. Select firm and has prospects of currency appreciation, the goal of China's foreign exchange reserves.

Of course, in this selection process, there are certain issues of international relations. This was reflected in Sino-US relations. We all know that a few years ago, more than 80% of China's foreign exchange reserves in dollars, being aware of the prospect of a possible devaluation of the U.S. members, since 2003 China began to diversify foreign exchange adjustments, its content but to sell dollars and buy the euro and the yen. As for the diversification of China's foreign exchange reserves to what extent, as a state secret, and I do not know here, but estimates the proportion of dollar reserves in the country have been from the previous 85% to 60%.

Adjustment is the reason because of China's foreign exchange reserves, since 2003, the dollar depreciated 30% against the euro, the yen depreciated by 20%. Thus in recent years, China's impact on the world economy much <[--]><[--]> affect China's foreign exchange adjustment of the entire international financial markets, China has become the international financial market will affect the strength.

Never mind the adjustment of China's foreign exchange reserves in this number of dollars thrown, the number of euro buying, as long as China has such ideas and actions, the international currency market speculators will surely follow. This is the international currency markets in China as a lever throw a phenomenon <[--]><[--]>- or tens of billions of billions of dollars, often pulling trillions of dollars of follow-up.

Not only affect China's financial adjustments to the world currency markets, China's import and export trade also affected the prices of the world's major trade goods. Because of the high demand for energy products and imports, resulting in the international market in recent years and the production energy products prices rose sharply. These expressions have shown that the Chinese economy in the current world economy, of vital importance.

Second, China's foreign exchange reserves, economic relations with the United States

The end of 2005 China's foreign exchange reserves estimated to have exceeded 8,000 billion U.S. dollars, but China has purchased a number of U.S. Treasuries, the dollar's foreign exchange reserves in China account for what percentage? Was a clear thing. Analysis of this issue, I can only rely on years of research experience on the economy to determine.

Here, the number is not the important issue, it is important from a national point of view of economic links between the countries of state relations. China is now second only to Japan's second largest foreign exchange reserves, 8000 billion in foreign reserves, of course not all on the domestic, at least half to come into the international financial markets to hedge on the appreciation of the countries in which to purchase bonds is a major source. In recent years, China has about 300 billion U.S. dollars of foreign exchange reserves will be used in the U.S. bond market, China and other Asian countries the number of bonds purchased in the United States has accounted for a large proportion of U.S. debt is estimated to reach 30% of the total number of 2 trillion or so. China to buy U.S. treasury bonds is estimated to account for 7% of the total U.S. debt to an even greater, China's holdings of U.S. Treasuries, U.S. financial markets and the state will bring a series of financial. For this reason, diversify foreign exchange reserves in China, and Sino-US relations on the U.S. economy has far-reaching implications.

U.S. military forces in recent years because year after year, huge expenditure, resulting in a huge fiscal deficit. U.S. Treasury bonds to a large extent support the financial position of the United States. If the diversification of China's foreign exchange reserves caused the dollar devaluation is bound to follow the lead of other countries to sell the dollar, then that is selling U.S. Treasury bonds, which the United States what the financial impact can be imagined. But China will not do so, the need to look at the health of the U.S. economy. I think that does not exist here, the number of political reasons, the starting point of China's major economic consideration.

Indeed, the U.S. economy, there are many that do not mind having peace of mind a place in China, which is larger financial bubble in 2001, the Fed easing sharply, cut interest rates 13 consecutive times, the U.S. interest rates down to record low of 50 years, so the one hand, to save the U.S. capital markets, the U.S. stock market back on 11,000 points, but also led to speculative capital surplus of the United States, money bubble full, real economy and the virtual economy opened more and more distance.

However, in a monetary and financial bubbles all over the world, only China in the world for the foam to provide a solid material foundation. According to the traditional experience, the central bank will cause a substantial easing inflation, and happens to be the great development of China's foreign trade for the United States provided a large number of cheap goods, to some extent to contain inflation in the United States, long-term maintenance of low interest rates the Fed has created a favorable conditions.

Now let's look at history, the late 80s and early 90s, the Federal Reserve releases too much liquidity into the capital markets, contributed to the 90's on the U.S. stock market "technology bubble." Early 20th century, the Fed once again release the "money taps" on the one hand to stabilize the U.S. capital markets after the technology bubble burst in the U.S. stock market crisis is not catastrophic; the other hand, imports from China and other developing countries, a large number of kind of cheap goods, suppression of domestic inflation, the remaining funds and real estate bubble led to the re-formation.

However, this also led to increased dependence on U.S. foreign debt, the dollar's weakness is also gradually exposed. This situation also led to adjustment of foreign exchange reserves of China and other countries determination.

Third, China's economic importance to the world economy

Here I would like to stress once again that the Chinese economy to the world economy. Only a few people now realize that China's economy to stabilize the world economy. As the years China has been pursuing the development of mercantilism thrift strategy, live frugally, work hard, to the outside world provides a lot of cheap goods for export. In other words, in a full financial bubble of the world, only China in the form of deflation honestly engaged in the real economy, as the outside world doing a noble sacrifice. However, once the slowdown of China's contribution to the outside world, not just the U.S. economy will fall into a whole world of inflation among the world's financial bubble will burst, the importance of China thus displayed. Thus, the U.S. treatment of China's foreign exchange reserves to be very concerned, not only affects the U.S. economy, also affect Sino-US relations. As relations between China and the United States is very important economic interests in China during the adjustment, can not but consider the political relations will certainly be in a cooperative attitude in some of the economic policy adjustments. However, the outside world must recognize the fact that there, correct understanding of the role of China.

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Enclosure:

Macroeconomics and the China factor

<[--]><[--]> Demand for raw materials, price liberalization, deflation "

China Economic Research Center of Peking University Song Guoqing

December 5, 2005

[Note: The first China (Shenzhen) International Futures Conference on 3 December 2005 4 March -12 Wuzhou Guest House in Shenzhen, China held a warm room, the following is the Song Guoqing teacher December 4 Record speech forum. ]

Very pleased to have this opportunity to discuss issues with our friends, thank the organizers of the meeting to organize such a meeting. May participate in such a meeting, I feel very honored. My topic is "the real China factor", has just introduced the topic with a little change. China factor is now the international commodity markets have often said the China factor. Of why the subject is to factors such as an analysis of China.

The main contents of the four aspects: one is the impact on China of the two phenomena. Second, China's influence in real terms. Third, the unexpected change in meaning. Fourth, the study of Chinese economy, the world's financial operations.

I now speak of two phenomena in the first, the leadership of China's economic boom in world commodity prices, such a phenomenon can be described from different angles. I use a more comprehensive look at the relationship between the two. China Economic indicators can have a lot in this which we will use the general said the number of indicators like GDP, GDP indicator but there may be some other aspects. I use it inside the index of industrial added value of this index for some processing. CRB index linked then talk to look at the situation.

This is my own in China since 1975, the industrial added value index (see Figure), which is divided into quarters. The original data are annual, this made a deal. The above line is the index of industrial added value made some deal, considering the bias (see photo), considering his tendency to see the actual value of the deviation after the look. Such as relatively lower in these places (see photo), these low areas will become something like (see photo), the bottom is 01 years. Deviation after we have done, and then compared with the CRB index. Some indices such as metal materials can also do quite a strong relationship. At least from this map we can clearly see the CRB index for China's industrial boom has a very strong, direct role, and is the leading role. In this sense, the China factor is not only the phenomenon of the past two to three years, there has been over the past years, the phenomenon 20,30. But sometimes serious, sometimes not too serious. And the China factor from the perspective of goods, prices have gone up, we can see from the inside the China factor. International commodity prices are low, you can see from the China factor. Like in 2001 when the lowest commodity prices is "911." Go all the way down from the 93, which can be considered the China factor. CRB index of the CPI than the United States get the following results. The view from a longer historical time, at least the past 20 years, China's industrial boom situation on the CRB index has a very strong role, and is a leading role. No matter how analysis can see very clearly. This is a phenomenon we have seen. This phenomenon can be predicted even a sense. CRB which can be used to predict the direct metal materials price index, industrial raw materials price index. Of course, the specific species which also has a strong relationship.

CRB Index fell all the way from 95 years, fell in 2001, 01 years is a bottom up and from 01 onwards, and now a rally. Large trough occurred in 911 years, that is the end of 2001, early 2002 began to go up. The end of 2001, early 2002 we can expect to have a very strong economic recovery. In fact my prediction is in March 2004.

Second, the phenomenon of China's domestic demand led imports fluctuations, import and export have a lot of impact, but more significant impact on imports. China's imports in 2004 increased a lot, suddenly appeared in this year's big trade surplus, which is the result of fluctuations in domestic demand. Exports relatively more moderate. Mainly investment goods imports, domestic demand is mainly investment volatility fluctuations, investment expansion, or under control to give rise to changes in raw material imports. This situation is very intuitive.

We made this map imports of Chinese goods GDP, we see a rising trend also. 1995 to the present experienced a relative decline in first, 95 to 98 years in this period of absolute decline in China's imports, followed began to rise. 02 to rise very much, this time to see very clearly, in fact, the same way in front of the case. This reflects the problem? Because the exchange rate of imports and exports are a problem, there is an official exchange rate, market rate, according to market exchange rate be another situation. In addition, we hope to do with the price index of imported goods this thing, but not the price index. The decade after 1995, so the ups and downs in the original case, too, but there are some price index can not tell. I brought my own made out of subjective factors that can reflect things. Chinese goods on the impact of international commodity prices can be volatile, mainly through domestic demand is mainly due to fluctuations in imports.

From the perspective of predictability, such as the decline in imports this year, in fact, look at last year's very clear. From domestic demand, the beginning of macro-control, money supply, investors can predict the basic situation of import of this situation.

There is also a figure behind this is the case (see photo), this is a trade surplus-GDP ratio, a situation similar with the previous case. After 95 years we have seen a big drop and then rise. China's stock with the impact of consumption, this is mainly as food stock inventory change through changes in import and export. The volatility of consumption only in very occasional circumstances will lead to changes in import and export, affect international prices. And mainly through food prices to influence this. The main reason for this fluctuation consumption or domestic real interest rates get too far off the mark. 20, when inflation, interest rates are more than a dozen, so rush to buy stocks. If there is no such reason, consumer should be quite stable. I believe in the future to get 20% inflation rate, which in itself is very hard to imagine things. Get 10% of the interest rate is hard to imagine. This should be purely macro-control problem, not the kind of phenomenon. Consumption caused by changes in import and export of such channels is difficult to happen again. Investment is still a very important channel.

Now I want to talk about China's influence in the direct and indirect impacts, directly affecting imports and exports of China, China Import and Export direct effect on changes in domestic demand, a direct result of changes in international commodity prices. Indirect effect is due to changes in the Chinese economy, China's import and export is the change of the outside world affect the export, import and export changes caused by changes in other economic substance, and then cause them to import and export, or other changes. From this channel on commodity prices, financial change. An example of this is obvious, especially in Japan, Southeast Asia, the impact on the whole. Here I would like to mention the Asian financial crisis in this matter. From the front of this figure, we can see, 93 years later, China engaged in macroeconomic regulation and control, China's trade surplus rose quickly. This increase, rising to the decline of trade in Southeast Asia, Southeast Asia and China's surplus in the trade surplus is a strong anti-relationship. China engaged in macro-control, the pressure of domestic demand, imports fell, the other side to do the opposite. The same is true of this year. So very significant decline in surplus this year, Southeast Asia, as China increases trade surplus this year is very powerful. That which has caused the price of oil changes. Changes in domestic demand, imports fell directly to China. Another change through the trade surplus, causing the Southeast Asian economic change. Changes in their economies over Zaifan global commodity prices, impact of financial markets, which also include China, including the direct impact. We are the indirect and direct impact on together, they would see that the impact is very great. In fact, when a double. On trade, industry conditions change, we can clearly see changes in China's macroeconomic impact of international commodity.

Front of the two phenomena, mainly talked about the impact of the two phenomena in China. We talked a little behind the substance of China's influence. China's so-called China effect is not real large, with the number of copper, the amount of oil use in China is absolutely not too great. In the past I wrote an article written to the prediction and error problems. Not how much you absolute, it is very important. Does not mean that the incremental extent implied by these changes is the unexpected change a thing. Expected changes in the already digested, it causes only the unexpected changes in price volatility. Unexpected changes in the creation of this area, China in the world, to say the least to keep pace with the United States, something on an order of magnitude. Should be called unexpected changes, or predicting the U.S. economy forecast absolute error absolute error compared with these two things together on the world market fluctuations can have a significant impact. At least from this perspective, the China factor and the U.S. factor is now two in the end who is more powerful in the commodity markets is hard to tell who is more powerful, perhaps the initial feeling is similar. In the financial markets, now or in the United States a significant influence. But China's influence is increasing rapidly.

Unexpected things does not mean that China has special things, unexpected things first is the unexpected macro-control, economic management is unexpected. Yesterday, today, is due to regulatory control, or because yesterday, so today to further control regulation, or regulation of this regulation provide reasons for tomorrow. From the perspective of the market we do of course hope to see China's macro control what to do next. I look forward now to getting a deep understanding of three months, the policy may be to do some planning departments. But what is the situation after three months, it is basically difficult to grasp from the policy bias, because he has to constantly change. The first surprise is the meaning of the macro-control for the management of unexpected. Of course there in the continuous improvement of macro control, China is gradually than in the past fluctuations in domestic demand some changes. Situation as in the past there will be ups and downs, but it is getting weaker, and this is progress. But exchange rates have a new situation, the absolute amount of this trade is growing. Commodity prices and this is a major source of financial market turmoil.

Unexpected second meaning, do predict the private sector. In fact, predicted the Chinese economy very good, as long as careful to do it. If the past is not market-driven, who do this go to a good thing, not much meaning. From government departments, to do no good and bad relationships. But those who are on the market, there is not much different. One mistake a pair of too poor. So the private sector and the market have a strong incentive to improve the economic forecast, from this perspective, and now slowly in the promotion of research in this area.

This is an article I have written to sum up our case in the past. Our current situation of China's economy it is not difficult to make a good prediction, we can put you over the past number of years to forecast the Chinese economy have to take the next step to look. I have collected some forecasting, including foreign counterparts, domestic government departments, research institutes predicted that market forecasts, including the predictions of the securities companies, compare these to take over, in fact, is very interesting stuff. I do this almost 10 years, every month, every quarter to do, to do almost 7-8 years. To do that together with the market.

We look at this picture back (see photo), now we see a variety of economic forecasts that next year will be. We look back at this period 1994-2001, the forecast results in the end how? In the course of this section, we always felt he would go back to see who the last Abduction no one dares to look Shui, all the way wrong, wrong in 2001, no one country has seen a lot. I own the information collected is not be one. We can look back to 01,02 years, a large trough, how to do economic forecasting? The end of 2001 to early 2002, large turning point, I do out of the grasp of inflection point half a year, everyone says I must be mistaken. I want to do it seriously, the macro-control study, this potential is still very large.

This is the content I want to say Thank you very much!

Liu on behalf of the war rather than peace

Not long ago, mainstream newspapers in South Africa, "Post Guardian" published Sate Man Hong Kong University political scientist Yan Hairong of Hong Kong Polytechnic University jointly written article entitled "Liu on behalf of the war rather than peace", that contrary to the Nobel award Liu Peace Prize Recipient, condemned for the 2010 Nobel Peace Prize winner Liu on behalf of the war rather than peace.

Sate Man in the comments that "Liu is almost not received congratulations from African countries. No matter what countries do not congratulate out of motivation, Liu really is not worth celebrating, because his vision and goals run counter to most Chinese people interests. "

He believes people can learn from the international media's Liu Xiaobo is a democracy fighter. But that is not the case. "Even if he is really such a person, he is also the Chinese prescription does not work," Sate Man said.

He pointed out that, first of all, a man was awarded the Nobel Peace Prize should be a prerequisite for his support of peace. But Liu opposite. He insulted, propaganda for war, support the invasion and occupation of Afghanistan and Iraq, before, had also supported the Korean War and Vietnam War.

"Nobel Prize Judges ignore the fact," Sate Man said, "that Liu refused to support those authorized by the UN war. This neglect is not surprising, because the members represent the major political parties in the Norwegian parliament . "

Sate Man also said that aside, why the world should go to that country by the same award in five Bai Renzheng off, people should see this fact: The five politicians to support their respective political parties in Iraq and Afghanistan, so Norway to These countries sent troops to the war.

Second, in 1988, Liu received a magazine interview about Hong Kong, China should experience 300 years of colonial rule, to make themselves, like Hong Kong. In 2006 he accepted an interview with a magazine, reiterated this view. Taking into account the colonial rule, subjected to gross violations of human rights, this road can not be feasible in China. Can also imagine that the idea had been subjected to colonial rule in most countries also will work. Colonial rule means that a large-scale violations of human rights, Liu's views are clearly incompatible with the Chinese and the majority of the interests of former colonial countries.

EU Schengen visa-free treatment through the station

　　According to Taiwan's Central News Agency reported that Taiwan's application for the case of the European Union, the Schengen visa-free for new progress. European Parliament plenary session on the 11th with 559 votes in favor and 40 votes against and 13 abstentions in the overwhelming majority of visa by the Taiwan case. It is understood that the people of Taiwan can be the fastest at the end of visa-free to Europe.

European Parliament Plenary vote on the 11th, the entire case will be transferred to be held December 2,3 cum judicial review of Home Affairs Council, once adopted, the case of Taiwan's visa bulletin will be announced on the 20 future EU force.

Taiwan people will be free access to the Schengen Agreement of 22 EU countries and Norway, Switzerland, Iceland, Romania, Bulgaria, Cyprus, and other 28 countries can stay 90 days within six months.

Iraqi Prime Minister Nouri al-Maliki to be in office.

　　Iraqi Prime Minister Nouri al-Maliki to be in office.

 

 

Iraqi National Assembly on the 11th that Iraqi political forces on the 10th night to reach a consensus on the formation of a new government, Prime Minister Nouri al-Maliki to re-election.

This means that Iraq could eventually break the cabinet for 8-month stalemate, to fill the power vacuum.

Former Prime Minister no longer opposed

Mr Mahmoud Othman said Kurds, 10, cabinet negotiations lasted nearly seven hours, the parties finally to the President, the Prime Minister and Parliament to agree the allocation of posts. Led by former Prime Minister Iyad Allawi, the Sunni camp, "Iraqi List" members no longer oppose the re-Maliki, who will join a coalition government.

Members are familiar with the agreement told The Associated Press, the parties continue to serve as determined by the president Jalal Talabani, president, Foreign Minister candidate from the "Iraqi List" produced membership.

In addition, the parties agreed to establish a commanding national strategic and security affairs committee. Shiite faction led by Maliki, "the rule of law Union" members of the 哈桑塞内德 statement, Allawi will serve as committee leaders.

In March this year, parliamentary elections held in Iraq, "Iraqi List" won 91 seats, "Legal League," won 89 seats, both parties have not obtained the required 163 seats needed to form a cabinet. As the two major political forces to form a cabinet divided problems, the new Iraqi government delay in completion of the formation.

However, previous successful Maliki and other Shi'ite faction to support the Kurdish camp, close to the required parliamentary majority of cabinet seats in the cabinet the right to compete for the new government to seize the initiative.

June 14 this year, the new Iraqi National Assembly held its first meeting. As parties to candidates for Speaker and Deputy Speaker of the uncompromising, the Conference began hastily closing soon Chang

Iraq's Supreme Court ruled on April 24, requiring the new National Assembly to reconvene on hold more than four months to discuss and complete the new government was formed cabinet. Subsequently requested the temporary speaker of the National Assembly, all Members shall be resumed in the November 11 meeting. Maliki, 10, said the reopening of parliament on the 11th significant.

According to the Iraqi constitution, the Parliament shall be elected at the first meeting of the new speaker, then generate a new president and prime minister, and then form the new government. Xinhua News feature articles

Qianlong famille rose porcelain vase sold for 51.6 million pounds hollow record price

　　Qianlong porcelain auction

Abstract: a hollow Qianlong famille rose porcelain vase 11 in a London auction house sold 43 million pounds of the price, the highest Asian art auction record. Allegedly, porcelain buyers from mainland China.

China news agency, London, November 12 (Reporter Wei Qun) - A hollow porcelain Qianlong famille rose from 11 in a London auction house sold 43 million pounds of the price, the highest Asian art auction record. Allegedly, porcelain buyers from mainland China.

According to British media reports, about 40 cm in this high valuation of £ 1,200,000 originally porcelain vase, and ultimately sold for 43 million pounds, if coupled to the auction house's commission, the total price will reach 51.6 million pounds.

The porcelain is in London to pack a pair of middle-aged brother and sister found dead parents old house, and is said to home collection about 70 years. Experts believe that this is the Qianlong porcelain kiln products than thirty years, and should be the palace collection, as to how to enter the UK, is unclear.

Staff said the auction house, which brother and sister although great expectations porcelain auction price, but certainly did not expect the final price will be so high.

The report did not disclose the specific identity of the buyer and what came from where, but said to be from mainland China. Previously, the highest price for Chinese art is the Huang Ting handwritten "pillar Ming" hit earlier this year, closing price of $ 66,000,000; the previous record of Chinese porcelain of the highest bid in October this year in Hong Kong, Sotheby's auction record , the price was $ 32,600,000.