China Will Be The Straw That Will Stir The World’s Economic Drink?

(THIS ARTICLE IS COURTESY OF THE SHANGHAI DAILY NEWS)

HOME » BUSINESS » FINANCE

Forum hears pledge of more effort to revitalize China’s real economy

CHINA will remain committed to ensuring innovation drives development and will increase efforts to revitalize the real economy, Vice Premier Zhang Gaoli said yesterday.

“The real economy is the foundation of economic growth and we will optimize it,” Zhang said at the opening ceremony of the China Development Forum 2017 in Beijing.

China will improve its capabilities in scientific innovation and boost the development of strategic emerging sectors and modern manufacturing while transforming traditional industries with new technology and business models, he said.

The government will continue to promote entrepreneurship and the “Internet Plus” plan to meet the diverse needs of the market and Chinese companies will be encouraged to use craftsmanship to establish competitive brands that can stand the test of time.

China will further reduce costs for enterprises by streamlining administration and pushing forward tax reforms, and prevention and control of financial risks will be elevated to a higher position on the government’s agenda, Zhang said, adding that China will manage risks in bad loans, bond default, property bubbles and Internet finance to avoid systemic financial risks.

To stimulate growth and improve market vitality, China should increase supply-side structural reform, Zhang said.

Highlighting the basic tone of “seeking progress while maintaining stability,” he underscored the need for efforts to maintain growth, ensure employment and counteract risks from home and abroad.

China will forge ahead with its supply-side reform, cutting steel production capacity by around 50 million tons and coal capacity by over 150 million tons this year, he said.

The country will prioritize de-stocking unsold houses in third and fourth-tier cities as it fights speculation in the housing market, he added.

Zhang restated China’s commitment to better air, water and soil quality.

The government will speed up the reform of state-owned enterprises, make concrete mixed-ownership reforms in sectors such as power, petroleum, railways, civil aviation and telecommunications and open the market to more private investment, Zhang said.

On the close ties between China and the world economy, he stressed the need to advance globalization and fight protectionism.

“China is willing to join efforts with the international community to steer the world economy toward strong, sustainable, balanced and inclusive growth,” he said.

The country will continue to implement its opening-up strategy and advance the Belt and Road Initiative, he added.

China will host the Belt and Road Forum for International Cooperation in May. Taking part in this “new chapter in win-win cooperation” will be more than 20 heads of state and government, more than 50 leaders of international organizations, more than 100 ministerial-level officials, and more than 1,200 delegates.

Beijing suspends last of its coal-fired power plants: China Goes To The Future: Trump, U.S. In Reverse

(THIS ARTICLE IS COURTESY OF THE SHANGHAI DAILY NEWS)

HOME » NATION

Beijing suspends last of its coal-fired power plants

BEIJING’S last large coal-fired power plant has suspended operations, meaning the capital has become the first city in China to have all its power plants fueled by clean energy.

The Huangneng Beijing Thermal Power Plant came into operation in June 1999. It has five coal-fired units with a total installed capacity of 845,000 kilowatts and heating capacity of 26 million square meters.

Du Chengzhang, the plant’s general manager, said it is an efficient and environmental friendly plant with advanced emission treatment equipment. The plant has provided important support to the stable operation of Beijing’s electric power system and the heat-supply system, he said.

After the suspension of the plant on Saturday, about 1.76 million tons of coal, 91 tons of sulfur dioxide and 285 tons of nitrogen oxide emissions a year will be cut.

According to a clean air plan by Beijing from 2013 to 2017, the city was to build four gas thermal power centers and shut down the four large coal-fueled thermal power plants.

The other three plants which used to consume over 6.8 million tons of coal each year were closed in 2014 and 2015.

Du said Huangneng will prepare to serve as an emergency heat source for the capital’s heating system after operations cease.

Three of the four gas thermal power have already been built and are in use.

Beijing has 27 power plants, all fueled by clean energy with a total installed capacity of 11.3 million kilowatts.

Under the plan, Beijing will build no more large-scale power plants.

For China And The U.S. ‘Cooperation Is The Only Way Forward’

(THIS ARTICLE IS COURTESY OF THE SHANGHAI DAILY NEWS)

HOME » NATION

Cooperation the only way forward

COOPERATION is the only correct choice for China and the United States, President Xi Jinping told visiting US Secretary of State Rex Tillerson in Beijing yesterday.

There are important development opportunities resulting from China-US relations, said Xi during the meeting in the Great Hall of People in Beijing.

Xi said he had maintained sound communications with his US counterpart Donald Trump through phone calls and messages, and they had agreed that the two countries could be good cooperative partners.

Xi said that to advance China-US ties in a healthy and steady manner, both sides could enhance exchanges at various levels; expand cooperation in bilateral, regional and global fields; and properly address and manage sensitive issues.

Xi suggested the two countries increase strategic trust and mutual understanding, review bilateral ties from long-term and strategic perspectives and expand fields of cooperation for their mutual benefit.

The two countries should also enhance coordination on regional hotspot issues, respect each other’s core interests and major concerns and encourage friendly exchanges between their two Peoples.

Tillerson told Xi, who extended an invitation for President Trump to visit China, that the US president valued communications with his Chinese counterpart and looked forward to meeting Xi and visiting China.

The US side is ready to develop relations with China based on the principle of no conflict, no confrontation, mutual respect and win-win cooperation, said Tillerson.

China and the US are discussing arrangements for a meeting between the two presidents and exchanges at other levels, Chinese Foreign Minister Wang Yi said during his talks with Tillerson on Saturday.

“We attach great importance to your visit,” Wang told the US visitor at the Diaoyutai State Guesthouse in Beijing.

It was Tillerson’s first visit to China since he assumed office last month and he is also the first Cabinet-level official in the new US administration to visit.

China-US ties are developing steadily in a positive direction, Wang said.

He called for more cooperation in foreign affairs, the economy and trade, the military, law enforcement, people-to-people exchanges and local communication.

The essence of China-US trade relations is mutual benefit, said Wang, and he encouraged both countries to expand trade and investment cooperation.

Wang also restated China’s position on Taiwan and South China Sea issues, emphasizing that China and the US should respect each other’s core interests and major concerns, discreetly deal with sensitive issues to protect bilateral ties from unnecessary influences.

Tillerson said the US adheres to the “One China” policy and added that closer cooperation and coordination between the two countries was necessary in the face of a changing international situation. The US would like to have more high-level exchanges with China, and more dialogue in diplomatic security, macroeconomic policy coordination, law enforcement, cyberspace and people-to-people exchanges, he said.

Tillerson’s visit aims to make “political preparations” for the meeting between two presidents, and both sides would make the best use of this chance to seek common ground, said Jia Xiudong, a researcher with the China Institute of International Studies.

Tillerson arrived in Beijing on Saturday from Seoul. His first official Asian tour began on Wednesday and also took him to Japan.

US, China to Increase Cooperation on North Korea

(THIS ARTICLE IS COURTESY OF THE SAUDI NEWS PAPER ASHARQ AL-AWSAT)

World

US, China to Increase Cooperation on North Korea

Korea

Beijing – The United States and China vowed to work together against threats of the North Korea’s nuclear program, while US Secretary of State Rex Tillerson warned that the situation has reached a “dangerous” level.

Tillerson and his Chinese counterpart’s language seemed more reconciliatory in light US President Donald Trump’s accusations that China was not exerting enough efforts to control its troublesome neighbor. Beijing had meanwhile accused the White House of causing tensions.

“I think we share a common view and a sense that tensions on the peninsula are quite high right now and things have reached a rather dangerous level. And we have committed ourselves to doing everything we can to prevent any kind of conflict from breaking out,” Tillerson added during a press conference in Beijing with Foreign Minister Wang Yi.

Tillerson’s visit to China is the last leg of his Asian trip, where he made stops in Japan and South Korea.

He avoided using strong language during the joint press conference with Wang, who seemed to have reproached his counterpart for statements he had made earlier this week.

Wang urged the US to remain “cool-headed” and defended his government’s position, saying all international parties should seek diplomatic solutions while implementing UN sanctions against the regime in North Korea.

“We hope that all parties, including our friends from the United States, could size up the situation in a cool-headed and comprehensive fashion and arrive at a wise decision,” he added.

Neither parties announced any tangible future steps to solve the issue and Tillerson did not publically respond to Beijing’s calls for negotiations with North Korea.

Trump had increased the pressure on China, accusing it of not exploiting all means possible to control North Korea, whom he said considered Beijing to be its closest ally and economic benefactor.

“North Korea is behaving very badly. They have been ‘playing’ the United States for years. China has done little to help!” he tweeted.

The developments come after North Korea conducted two nuclear tests last year and launched missiles last month. The US considered the test-launch an attack on its bases in Japan.

The developments alarmed South Korea, spurring it to deploy the US’s Terminal High Altitude Area Defense System (THAAD). The Chinese leadership had accused the US of aggravating the situation through military trainings with its ally Seoul and the deployment of THAAD.

China is hesitant to increase its pressure on North Korea, whose reactions can be unpredictable.

Washington and Seoul insist that the THAAD system is for defense purposes only, but Beijing fears it could undermine its capabilities to denuclearize North Korea.

Beijing had always called for diplomatic talks to denuclearize North Korea, which is barred by the UN from proceeding with its program.

Wang also said that the Korean peninsula nuclear issue is of interest to everyone, reiterating his country’s commitment to the goal of denuclearization

“We are for the settlement of this issue through dialogue and negotiations and the maintenance of peace and stability on the peninsula and the overall region,” he added on Saturday.

Wang reiterated that China, as a close neighbor of the peninsula and a major power, has devoted a lot of energy and efforts to seek a settlement to the issue. The tremendous important efforts China has made are visible to all, he said.

Tillerson, who was CEO of ExxonMobil before being appointed secretary of state, said that a military option is possible if Pyongyang intensified its work.

“We do believe that if North Korea stands down on this nuclear program, that is their quickest means to begin to develop their economy and to become a vibrant economy for the North Korean people,” the US officials said.

He added: “All options are on the table, but we cannot predict the future.”

Maybe one of the reasons for the calm American-Chinese rhetoric is the expected talks between US President Trump and Chinese President Xi during the latter’s upcoming visit to US next month, the first such summit between the two leaders.

Trump is expected to host Xi at his Mar-a-Lago resort in Palm Beach on April 6 and 7 for an informal “no necktie” encounter. Experts hope this meeting will reduce tensions between the two officials.

China shares US fears of Pyongyang’s nuclear ambition, but it makes sure not to provoke its neighbor.

In February, Beijing issued a strong position when it announced it will stop coal imports from North Korea until the end of this year.

North Korea expert at Beijing University Wong Dong said: “It is a mistake to think that China can control Pyongyang and it is not reasonable for Washington to accuse Beijing of doing nothing. The situation is complicated and sensitive and there is no magical solution.”

The Obama administration ruled out any diplomatic involvement with Pyongyang until the latter shows commitment to denuclearization.

The communist state insists on owning nuclear weapons to defend itself and executed its first test in 2006 despite international objection. It had done four other tests, two last year.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

More PostsTwitterFacebookGoogle PlusYouTube

Nike Blasted For Fraud In Advertising Forced To Pay Triple Compensation By China Law

(THIS ARTICLE IS COURTESY OF THE SHANGHAI DAILY NEWS)

Nike offers to pay triple compensation after CCTV report blasted it of fraud

SPORTSWEAR manufacturing giant Nike has agreed to pay triple compensation for its Hyperdunk 2008 FTB basketball shoes after it came under fire in a CCTV report on Wednesday.

Nike China issued a statement today, saying it will pay 4,500 yuan (US$1,861) to consumers who want a refund. The shoes cost 1,499 yuan.

The statement said Nike would start refunding from April 4 for 90 days. Consumers can call 800-820-8865 or 400-880-6453 for further inquiry.

Nike China claimed it had mistakenly used the promotion materials of Zoom air cushion and apologized for that.

Nike Hyperdunk 08 FTB was found to be of lower quality, CCTV reported, and accused Nike of false promotion. The shoes, sold as a limited edition, did not incorporate the patented Zoom air cushion, as the sportswear manufacturing giant claimed on its Chinese website, China Central Television’s annual “3.15” quality investigation program said.

The shoes were advertised as copies of those worn by basketball legend Kobe Bryant at the Beijing Olympic Games in 2008.

Nike had earlier offered a full refund to customers, but refused their demand for triple compensation, CCTV reported.

According to China’s consumer rights law, businesses should honestly describe the quality, property and use of product, failing which, they have to pay triple compensation.

A total of 300 Hyperdunk shoes were up for sale in China, according to Shanghai Yangpu Market Supervision and Management Administrative Bureau. All of them were sold out.

India Slams Pak Plan To Give Fifth Province Status To Gilgit-Baltistan Region

(THIS ARTICLE IS COURTESY OF THE HINDUSTAN TIMES)

India slams Pak plan to give fifth province status to Gilgit-Baltistan region

INDIA Updated: Mar 16, 2017 22:49 IST

HT Correspondent
HT Correspondent
Hindustan Times, New Delhi

A committee headed by Pakistan’s foreign affairs advisor Sartaj Aziz reportedly proposed fifth province status for the strategic region.(AFP File )

India on Friday reacted strongly to an attempt by Pakistan to declare the strategic Gilgit-Baltistan region, bordering disputed Pakistan occupied Kashmir (PoK), as its fifth province, saying such move is “entirely unacceptable.”There are reports that a committee headed by Pakistan’s foreign affairs advisor Sartaj Aziz has proposed status of a province to Gilgit-Baltistan.Responding to the reports, external affairs ministry spokesperson Gopal Baglay said any such step would not be able to hide the illegality of Pakistan’s occupation of parts of Jammu and Kashmir, which it must vacate, forthwith.

“The entire state of J&K is an integral part, has been an integral part and will be an integral part of India. No attempt or unilateral attempt or step to change that would have any legal basis, whatsoever, and it will be entirely unacceptable,” the spokesperson said.

The move will not be able to “hide the tremendous, very concerning human rights violations and denial of freedom” that has been going on in parts of J&K controlled by Pakistan for the last 70 years, he said.

Gilgit-Baltistan is treated as a separate geographical entity by Pakistan. It has a regional assembly and an elected chief minister.

Read more

At present, Pakistan has four provinces — Punjab, Sindh, Khyber Pakhtunkhwa and Balochistan.

It is believed that China’s concerns about the unsettled status of the strategic region prompted Pakistan to explore change in its status.

Asked about Pakistan having expressed concern over acquittal of Assemanand in Ajmer Sharif blast case, Baglay said India completely rejects Pakistan’s “efforts and intention to meddle” in the country’s internal affairs, including in the Indian judicial process.

“We also totally reject the ulterior link which is sought to be established by Pakistan with any other matter under the purview of the Indian courts. A strong Indian democracy and justice system obviously need no self-serving sermons from anybody much less from a country like Pakistan,” he asserted.

The spokesperson also advised Pakistan to refrain from interfering in the internal affairs of India and not to deny the reality of terrorism emanating from its soil, which was affecting not only India but the entire neighbourhood and beyond.

Baglay also reiterated India’s demand that Pakistan should dismantle terrorist infrastructure in its own territory or the territory under its control, and bring to justice the terror masterminds who still operate and continue to enjoy freedom on its soil.

Pakistan foreign office had last week summoned India’s deputy high commissioner J P Singh to express its concern over acquittal of right-wing activist Swami Aseemanand in 2007 Ajmer Sharif blast case.

Significant Breakthroughs For Riyadh Diplomacy In China And In The U.S.

(THIS ARTICLE IS COURTESY OF THE SAUDI NEWS AGENCY ASHARQ AL-AWSAT)

Opinion

Significant Breakthroughs for Riyadh

This has been a significant week for Saudi diplomacy: reinforcing relations with China, the biggest oil importer in the world and opening a new page with US President Donald Trump to mend what has been ruined by former President Barack Obama who strengthened ties with Iran against Gulf and Saudi interests.

Saudi Arabia that has found itself cornered due to wars, oil and geopolitical changes is carrying out a defense campaign in return — Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud is convening with China leadership that asked to mediate with Iran that is now seeking reconciliation. Meanwhile, Deputy Crown Prince Mohammed bin Salman bin Abdulaziz met with the US president.

A Saudi spokesperson described to Bloomberg the meeting in the White House as “a turning point”, saying: “Today’s meeting has put things on the right track and marked a significant shift in relations, across all political, military, security and economic fields.” There is a clear hinting on fixing what has been ruined by Obama and restoring special relations between the two countries – these relations were established based on the outcome of the meeting held between King Abdulaziz and US President Theodore Roosevelt on board of the Navy cruiser Quincy after the end of World War II.

Officially, little has been said on the meeting of Deputy Crown Prince and Trump, who has become a president two months ago, but the White House showed huge interest. Trump held the meeting two days ahead and included the vice-president in it.

What has been stated by unofficial sources reveals that Washington has changed its policy towards Iran and that it would not sit idle when it comes to Iran’s terrorist activities. Weeks ago, the US administration announced a different stance in which it permitted loading ammunition and providing intelligence information to support Saudi Arabia in Yemen.

Saudi-US relations were tense during the presidency of Obama. In fact, the whole region underwent an unprecedented turmoil because Obama’s openness towards Iran urged its military expansion in Iraq, Syria and Yemen. Chaos is one of his tenure consequences, also.

Among the topics raised by Prince Mohammed during his visit was to persuade Trump with a new relation that seeks mending the situation, confronting Iran’s manipulation and fighting terrorism – the common enemy of everyone – via fighting it socially and economically. A spokesperson in the delegation pointed out that the US party is interested in reinforcing participation in the economic vision projects.

In China, Iran was not the only topic on the table especially that relations are good in: oil, economy, military cooperation and critical files, basically the military cooperation. There is also the promising project of China, the Silk Road – a giant economic project of complex political problematic issues because it passes in conflict regions. This road might benefit from Saudi Arabia as a passage or a parallel route.

Information released by Beijing reveals that it will quietly continue to consolidate its presence in west Asia and east Africa. China is the second strongest economic power after the US and, as major countries, needs raw materials, energy sources, trade passages and a protection for its investments and interests.

Unlike other major countries, China does not rely on military presence to impose its influence but rather uses its economic presence to impose its stances and secure its interests.

There are two models in the Middle East: one that seeks reinforcing relations via economic and development cooperation and another that uses wars and terrorism as a method to impose its relations.

Abdulrahman Al-Rashed

Abdulrahman Al-Rashed

Abdulrahman Al-Rashed is the former general manager of Al-Arabiya television. He is also the former editor-in-chief of Asharq Al-Awsat, and the leading Arabic weekly magazine Al-Majalla. He is also a senior columnist in the daily newspapers Al-Madina and Al-Bilad. He has a US post-graduate degree in mass communications, and has been a guest on many TV current affairs programs. He is currently based in Dubai.

More Posts

Trying To Restore Religious Harmony In The Islamic World

(THIS ARTICLE IS COURTESY OF THE SAUDI NEWS AGENCY ASHARQ AL-AWSAT)

Opinion

Restoring the Religious Discourse

Muftis, religious authorities, scholars, professors and politicians from China to the Americas all met in al-Azhar in Cairo, Egypt, to discuss the international crisis facing Muslims and Islam as a religion. They all agreed that extremism and fundamentalism are dangerous threats that must be tackled.

At the conference of the Supreme Council for Islamic Affairs, Saudi deputy Minister for Islamic Affairs, Endowment, Dawa and Guidance Tawfiq al-Sudairi made the best and most direct speech. He called for restoring the religious discourse from the extremists and so-called educated people, who as he described had “harmed the religion’s tolerant teachings and who have been manipulated by opportunists.”

Sudairi called for “unifying efforts on the political, intellectual, security and religious fronts to confront deviant ideologies.”

It is unanimous that everyone is agreed against terrorism. This may also no longer need reiteration and reminders, because by far the most important matter which requires consensus and a plan of action is fighting the widespread extremism and fundamentalism.

No one can claim that terrorism can exist without extremism embracing and encouraging it.

It is impossible for a terrorist to grow up in and emerge from a moderate environment.

Even terrorists who have come out of liberal or tolerant societies are always victims of extremist ideologies in their societies in the virtual world, like chat rooms and social networks.

Tens of thousands have joined terrorist groups and all of them without exception are products of extremist rhetoric.

The truth is that terrorists, despite the threat they pose to the world, are less harmful than extremists.

The damage caused by extremists is far more harmful on Muslim societies and other communities. What extremists and fanatics do is worse than the deeds of organizations like ISIS and al-Nusra Front whose members are few among a sea of extremists.

Terrorism is the final step in the ladder of extremism. We cannot neutralize terrorism without fighting extremism. This is a truth that should always be in the mind of those involved in the matter.

Extremism must not be confused with extremist tendencies of some individual Muslims.

Muslim conservatives have the right to their beliefs and to practice their rituals as they deem appropriate. This is their right, as it is the case in all religions. However, this turns into extremism when they try to impose their views on everyone.

The most dangerous form of extremism is the mobile kind. It is usually based on exploiting religious activities that initially had no political purpose in the past, such as education, media, charity and collecting funds, and expanding operations to include students, women and foreigners.

These organized operations travelled to poor and regions and developed countries all over the world where they exploit wars, famine and injustice against some Muslims to plant seeds of extremism. Those seeds remain for a long time and eventually become a local culture.

If you can imagine this, then you can understand how extremism began and how terrorism emerged. You will also realize that combatting extremism is more important than fighting terrorism.

Sudairi’s statement at the conference in Cairo and his calls for the reestablishment of the religious discourse are at the core of this crisis. His suggestions should be the conference’s plan of action and agenda that require collective efforts to be achieved.

Abdulrahman Al-Rashed

Abdulrahman Al-Rashed

Abdulrahman Al-Rashed is the former general manager of Al-Arabiya television. He is also the former editor-in-chief of Asharq Al-Awsat, and the leading Arabic weekly magazine Al-Majalla. He is also a senior columnist in the daily newspapers Al-Madina and Al-Bilad. He has a US post-graduate degree in mass communications, and has been a guest on many TV current affairs programs. He is currently based in Dubai.

More Posts

South Korea Removes President Park Geun-hye

(THIS ARTICLE IS COURTESY OF THE NEW YORK TIMES)

Photo

Supporters of President Park Geun-hye of South Korea at a protest near the Constitutional Court on Friday, before the court issued a ruling to oust her. Her removal from the presidency capped months of turmoil.CreditKim Hong-Ji/Reuters

SEOUL, South Korea — A South Korean court removed the president on Friday, a first in the nation’s history, rattling the delicate balance of relationships across Asia at a particularly tense time.

Her removal capped months of turmoil, as hundreds of thousands of South Koreans took to the streets, week after week, to protest a sprawling corruption scandal that shook the top echelons of business and government.

Park Geun-hye, the nation’s first female president and the daughter of the Cold War military dictator Park Chung-hee, had been an icon of the conservative establishment that joined Washington in pressing for a hard line against North Korea’s nuclear provocations.

Now, her downfall is expected to shift South Korean politics to the opposition, whose leaders want more engagement with North Korea and are wary of a major confrontation in the region. They say they will re-examine the country’s joint strategy on North Korea with the United States and defuse tensions with China, which has sounded alarms about the growing American military footprint in Asia.

Photo

Portraits of North Korea’s previous leaders, Kim Il-sung, left, and Kim Jong-il, on display in Pyongyang, the capital. North Korea’s nuclear weapons program will be a prominent issue in South Korea’s coming presidential campaign. CreditEd Jones/Agence France-Presse — Getty Images

Ms. Park’s powers were suspended in December after a legislative impeachment vote, though she continued to live in the presidential Blue House, largely alone and hidden from public view, while awaiting the decision by the Constitutional Court. The house had been her childhood home: She first moved in at the age of 9 and left it nearly two decades later after her mother and father were assassinated in separate episodes.

Continue reading the main story

Ms. Park’s acts “betrayed the trust of the people and were of the kind that cannot be tolerated for the sake of protecting the Constitution,” Justice Lee said.

As the verdict was announced, crowds watching it on large television screens near the courthouse broke out in cheers. In central Seoul, some people danced to celebrate their victorious revolt against an unpopular leader, with loudspeakers blaring, “All the power of the Republic of Korea comes from the people!”

With the immunity conferred by her office now gone, Ms. Park, 65, faces prosecutors seeking to charge her with bribery, extortion and abuse of power in connection with allegations of conspiring with a confidante, her childhood friend Choi Soon-sil, to collect tens of millions of dollars in bribes from big businesses like Samsung.

By law, the country must elect a new president within 60 days. The acting president, Hwang Kyo-ahn, an ally of Ms. Park’s, will remain in office in the interim. The Trump administration is rushing a missile defense system to South Korea so that it can be in place before the election.

Photo

Judges at the impeachment ruling at the Constitutional Court on Friday. The downfall of Ms. Park is expected to shift South Korean politics to leaders who want more engagement with the North.CreditYonhap, via European Pressphoto Agency

The last time a South Korean leader was removed from office under popular pressure was in 1960, when the police fired on crowds calling for President Syngman Rhee to step down. (Mr. Rhee, a dictator, fled into exile in Hawaii and died there.)

In a sign of how far South Korea’s young democracy has evolved, Ms. Park was removed without any violence, after large, peaceful protests in recent months demanding that she step down. In addition to the swell of popular anger, the legislature and the judiciary — two institutions that have been weaker than the presidency historically — were crucial to the outcome.

Photo

A protest last month in Seoul, South Korea, demanding Ms. Park’s resignation. CreditKim Hong-Ji/Reuters

“This is a miracle, a new milestone in the strengthening and institutionalizing of democracy in South Korea,” said Kang Won-taek, a political scientist at Seoul National University.

When crowds took to the streets, they were not just seeking to remove a leader who had one year left in office. They were also rebelling against a political order that had held South Korea together for decades but is now fracturing under pressures both at home and abroad, analysts said.

Ms. Park’s father ruled South Korea from 1961 to 1979. He founded its economic growth model, which transformed the nation into an export powerhouse and allowed the emergence of family-controlled conglomerates known as chaebol that benefited from tax cuts, anti-labor policies and other benefits from the government.

Photo

Ms. Park, top center, with her father, Park Chung-hee, left, and her mother, Yuk Young-soo, right, in an undated family photograph. CreditYonhap, via Reuters

Ms. Park was elected in 2012 with the support of older conservative South Koreans who revered her father for the country’s breakneck economic growth.

But the nexus of industry and political power gave rise to collusive ties, highlighted by the scandal that led to Ms. Park’s impeachment.

The scandal also swept up the de facto head of Samsung, Lee Jae-yong, who was indicted on charges of bribing Ms. Park and her confidante, Ms. Choi.

Samsung, the nation’s largest conglomerate, has been tainted by corruption before. But the company has been considered too important to the economy for any of its top leaders to spend time behind bars — until now. The jailing of Mr. Lee, who is facing trial, is another potent sign that the old order is not holding.

In the wake of the Park scandal, all political parties have vowed to curtail presidential power to pardon chaebol tycoons convicted of white-collar crimes. They also promised to stop chaebol chairmen from helping their children amass fortunes through dubious means, like forcing their companies to do exclusive business with the children’s businesses.

Photo

Celebrating after hearing the decision, in front of the Constitutional Court in Seoul, the capital, on Friday.CreditKim Hong-Ji/Reuters

With the conservatives discredited — and no leading conservative candidate to succeed Ms. Park — the left could take power for the first time in a decade.

The dominant campaign issues will probably be North Korea’s nuclear weapons program and South Korea’s relations with the United States and China.

If the opposition takes power, it may try to revive its old “sunshine policy” of building ties with North Korea through aid and exchanges, an approach favored by China. That would complicate Washington’s efforts to isolate the North at a time other Asian nations like the Philippines are gravitating toward Beijing.

Moon Jae-in, the Democratic Party leader who is leading in opinion surveys, has said that a decade of applying sanctions on North Korea had failed to stop its nuclear weapons programs. He has said that sanctions are necessary, but that “their goal should be to draw North Korea back to the negotiating table.”

He believes that Ms. Park’s decision to allow the deployment of the American missile defense system — known as Terminal High Altitude Area Defense, or Thaad — has dragged the country into the dangerous and growing rivalry between Washington and Beijing; China has called the system a threat to its own security and taken steps to punish South Korea economically for accepting it.

Conservative South Koreans see the deployment of the antimissile system not only as a guard against the North but also as a symbolic reaffirmation of the all-important alliance with the United States. Mr. Moon’s party demands that the deployment, which began this week, be suspended immediately. If it takes power, it says it will review the deployment of the antimissile system to determine if it is in South Korea’s best interest.

Photo

Equipment for an American missile defense system arrived at an air base in South Korea on Monday. If the opposition party takes power, it says it will review the deployment of the system to determine if it is in South Korea’s best interest. CreditU.S. Forces Korea, via Associated Press

As South Korea has learned in painful fashion, it cannot always keep Washington and Beijing happy at the same time, as in the case of the country’s decision to accept the American missile defenses.

Yet Ms. Park’s impeachment was also a pushback against “Cold War conservatives” like her father, who seized on Communist threats from North Korea to hide their corruption and silence political opponents, said Kim Dong-choon, a sociologist at Sungkonghoe University in Seoul.

Ms. Park’s father tortured and even executed dissidents, framing them with spying charges. Now, his daughter faces charges that her government blacklisted thousands of unfriendly artists and writers, branding them pro-North Korean, and denied them access to government support programs.

15COMMENTS

“Her removal means that the curtain is finally drawing on the authoritarian political and economic order that has dominated South Korea for decades,” said Ahn Byong-jin, rector of the Global Academy for Future Civilizations at Kyung Hee University in Seoul.

Analysts cautioned that political and economic change will come slowly.

As Mr. Moon put it recently: “We need a national cleanup. We need to liquidate the old system and build a new South Korea. Only then can we complete the revolution started by the people who rallied with candlelight.”

Who Is Jon Huntsman President Trump’s Pick To Be The U.S. Ambassador To Russia?

(THIS ARTICLE IS COURTESY OF CNN)

Washington (CNN) Former Utah governor and 2012 Republican presidential candidate Jon Huntsman has accepted President Donald Trump’s offer to serve as the next ambassador to Russia, several senior administration officials told CNN.

If confirmed, Huntsman would become one of the highest-profile US ambassadors, helming the diplomatic mission to a country that has seen its relationship with the US become increasingly strained in recent years. Huntsman would also take on the post amid ongoing questions about connections between Russians known to US intelligence and Trump campaign advisers — and just months after Russia’s meddling in the 2016 election.
The post would be the third ambassadorship for Huntsman, who previously served as US ambassador to Singapore and China. Huntsman was the ambassador to China during President Barack Obama’s administration.
Huntsman’s selection comes two weeks after the Utah Republican was first floated as a contender for a top diplomatic post.
One senior administration official said Huntsman was tapped because he is a “brilliant guy,” “tough” and understands what Trump wants.