TIANJIN,
May 8, 2016 (Xinhua) -- A container carrying China's new-generation
Long March-7 rocket is seen at the port in north China's Tianjin, May 7,
2016. The Long March-7 rocket departed for its launch base in Hainan on
Sunday from Tianjin. It has taken researchers eight years to develop
the medium-sized rocket, which can carry up to 13.5 tonnes to low Earth
orbit, said Li Hong, director of the Carrier Rocket Technology Research
Institute with the China Aerospace Science and Technology Corporation.
(Xinhua/Chen Xi)
China's new-generation Long March-7 rocket departed for its launch base in Hainan on Sunday from north China's port of Tianjin.
It
has taken researchers eight years to develop the medium-sized rocket,
which can carry up to 13.5 tonnes to low Earth orbit, said Li Hong,
director of the Carrier Rocket Technology Research Institute with the
China Aerospace Science and Technology Corporation.
"The Long
March-7 launch scheduled for late June will be of great significance as
it will usher in China's space lab mission," said Yang Baohua, deputy
manager of the company.
China also plans to launch the heavy lift Long March-5 to transport cargo for the planned space station.
China's
second orbiting space lab, Tiangong-2, will also be launched this fall,
and it is scheduled to dock with manned spacecraft Shenzhou-11 in the
fourth quarter.
Yang said that the Long March-7 carrier is more
environmentally friendly than earlier Long March models. The rocket will
become the main carrier for space launches.
A
container carrying China's new-generation Long March-7 rocket is seen
at the port in north China's Tianjin, May 7, 2016. The Long March-7
rocket departed for its launch base in Hainan on Sunday from Tianjin. It
has taken researchers eight years to develop the medium-sized rocket,
which can carry up to 13.5 tonnes to low Earth orbit, said Li Hong,
director of the Carrier Rocket Technology Research Institute with the
China Aerospace Science and Technology Corporation. (Xinhua/Chen Xi)
A
container carrying China's new-generation Long March-7 rocket is seen
at the port in north China's Tianjin, May 7, 2016. The Long March-7
rocket departed for its launch base in Hainan on Sunday from Tianjin. It
has taken researchers eight years to develop the medium-sized rocket,
which can carry up to 13.5 tonnes to low Earth orbit, said Li Hong,
director of the Carrier Rocket Technology Research Institute with the
China Aerospace Science and Technology Corporation. (Xinhua/Chen Xi)
A
container carrying China's new-generation Long March-7 rocket is lifted
at the port in north China's Tianjin, May 7, 2016. The Long March-7
rocket departed for its launch base in Hainan on Sunday from Tianjin. It
has taken researchers eight years to develop the medium-sized rocket,
which can carry up to 13.5 tonnes to low Earth orbit, said Li Hong,
director of the Carrier Rocket Technology Research Institute with the
China Aerospace Science and Technology Corporation. (Xinhua/Chen Xi)
The Long March-7 rocket, pillar of China’s space program
Jul 2, 2012 ... The mission will be the last docking with the Tiangong-1, which was put ... Then,
in a few years, China will launch a more sophisticated version, the Tiangong-2. ...
Sourbes-Verger said further advances in China's space station...
Nov 1, 2014 ... Commercial gains aside, the space program is already a marker of China's
global stature and technical expertise. The Chang'e lunar probes ...
Check your risk appetite and start investing as this is as good a time as any to invest in real estate be they physical assets, property stocks or real estate investment trusts (REITs).
Industry experts held this view during a panel discussion entitled “Where to put your money – real estate, stocks or REITs?” at The Edge Investment Forum on Real Estate 2016 (REIF 2016) on April 30.
For housebuyers especially, this is a good time to buy as the market correction which started last year will continue this year, said panellist Sunway Bhd managing director of the property development division for Malaysia and Singapore Sarena Cheah.
She said the banking sector is well-capitalised while non-performing loans are declining, which means borrowers still have the ability to service their loans.
Cheah noted that property prices have been on the uptrend for the past 10 years with an average capital appreciation of 8% to 9% from 2005 to 2015, buoyed by a healthy employment rate and low interest rate.
“Property price growth for 2015 had dipped 2% compared with 2014, but the compounded annual growth rate (CAGR) of capital appreciation had achieved 12%,” she shared.
“Property investment is a safe investment as it is one of the basic necessities. Strong demand will continue to support the capital appreciation of properties,” she added.
However, she advised investors to study the location, the developer and the future growth potential of a property or project before buying.
Also on the panel were Kenanga Investment Bank Bhd head of equity research Sarah Lim and Axis REIT Managers Bhd chief executive officer and finance director Leong Kit May. The Edge Communications Sdn Bhd and The Edge Property Sdn Bhd managing director Au Foong Yee was the moderator.
Lim expected property prices to plateau for the next few years before the next upcycle.
“The big rally in transaction volume and prices in 2010 to 2012 was supported by the baby boomers who were in their late 30s or early 40s. The next upcycle will depend on the next generation which would be the Millennials,” she explained.
In the near term, Kenanga Investment Bank has placed an “underweight” rating on the property sector as it expected property stocks to be volatile and eventually be range-bound due to the absence of catalysts, while earnings risks remain.
However, steady defensive big-cap players such as UOA Bhd and S P Setia Bhd have light balance sheets and high exposure to areas in the Klang Valley while Sunway Bhd and Eco World Development Group Bhd are worth looking at, she said.
Among the small to mid-capital players to look out for is Hua Yang Bhd – it is undervalued and has high yields.
Lim also noted that Malaysia’s residential supply is outpacing demand in the wrong segment as there is insufficient supply for residential properties priced between RM250,000 and RM500,000.
“Residential developments priced below RM500,000 constitute less than 35% of most developers’ upcoming projects,” she said.
Meanwhile, REITs could be the cornerstone of a portfolio of quality assets for investors who are looking for lower risk and stable income from rental properties.
“A REIT is a listed vehicle that invests in a portfolio of income-generating properties. Rents collected from tenants, less expenses, are distributed on a regular basis to provide stable yields to unit holders,” said Leong.
She noted that the current dividend yield for Malaysian REITs is at 6.69%, compared to fixed deposits which is at 3.31% and the Employees Provident Fund’s yield of 6.40%.
“The benefits of investing in REITs include the predictability in income stream in the form of distribution income, having a liquid proxy to physical property investment, transparent daily pricing, high level of disclosures and transparency, low entry cost and professional management,” she added.
On the future performance of MREITs, Leong said the company foresees no future interest hikes which augurs well for REITs as a higher interest may affect the trust companies’ ability to pay higher dividends. - The Edge Property
Apr 9, 2016 ... High cost under new law may affect property investors ... Aug 17, 2015 . ...
Property prices will hold . ... Oil Prices: What's Behind the Drop?
Mar 21, 2016 ... It's the same story with oil prices. Do not expect the coast to be completely clear –
for example no more excess inventories, oil demand...
Apr 6, 2016 ... Some think it will be years before oil returns to $90 or $100 a barrel, a price that
was pretty much the norm over the last decade. Credit Michael..
Jan 29, 2016 ... Other countries too, are affected by the uncertainties,” he said, adding the drastic
decline in world crude oil prices had a significant effect on
The Philippine presidential election on May 9, arguably the most contentious in decades, will see a new leader assume power because incumbent President Benigno Aquino III is barred from seeking re-election. Since Aquino is responsible for the souring of Beijing-Manila relations by endorsing Washington's "rebalancing to Asia-Pacific" policy over the past six years, the world is waiting to see what the new Philippine government's China policy will be.
Backed by the United States, the Aquino government has constantly sought to challenge China over the South China Sea issue, which, however, has proved to be a fool's errand.
To begin with, Manila's attempt to confront Beijing over its Huangyan Island has failed.
To maintain relations with the Philippines, however, China has exercised exemplary restraint in the island dispute. And the Philippines was expected to reciprocate the gesture for the sake of bilateral ties, which Aquino has long refused.
Encouraged by Washington, Manila sent military vessels to harass Chinese fishing boats and fishermen operating in waters off Huangyan Island in 2012, triggering a two-month confrontation with China's surveillance ships. This prompted Beijing to strengthen its presence on the island, leaving no scope for Manila to encroach upon the Chinese territory.
Thanks to the Aquino administration's accommodative policy, US troops, which the Philippine people fought strenuously to get rid of, are back in the country and will be stationed at five military bases.
Seeking Washington's protection might not be a good move for Manila－it could even be counter-productive－because Philippine soldiers, despite being equipped and trained according to US standards, have not been able to defeat the poorly-equipped anti-government forces.
By selling its Hamilton-class cutters and other advanced weapons to the Philippines, Washington is strengthening its military alliance with Manila.
But the Philippines should realize that it is just a piece on the US chessboard. The US may make use of the Philippines to meddle in the waters of the South China Sea, but it will never get involved if it leads to open confrontation between China and the Philippines. Should a serious conflict break out between Beijing and Manila over the South China Sea issue, which is about China's maritime sovereignty, Washington might prefer to watch from the sidelines because it does not concern the US' core interests.
Manila's provocations such as those around the Huangyan Island and the filing of an arbitration case in its dispute with China in the South China Sea, have a lot to do with the deteriorating bilateral relations, which have dealt a heavy blow to their trade and commercial cooperation.
As such, the incoming Philippine government should recalibrate its China policy.
But the prospects for that do not look encouraging, because the US is likely to take steps to ensure the new Philippine administration keeps serving its "rebalancing to Asia-Pacific" policy.
On the one hand, Washington is expected to ramp up its military aid to Manila in the next five years. On the other, in an attempt to hype up China's legal construction on its South China Sea islands, the US flew six of its military planes through the international airspace near Huangyan Island last month, injecting more uncertainties into China-Philippines ties.
The Aquino government has been trying to justify its hawkish stance on the South China Sea issue and urging the incoming leadership to follow the same policy. Worse, its anti-China propaganda has seriously affected domestic opinion, as more Philippine citizens now seem to distrust China.
Given these facts, the new Philippine administration should take appropriate measures to improve Beijing-Manila ties and seek peaceful solution to bilateral disputes without becoming an expendable part of Washington's Asia-Pacific maneuver.
By CHEN QINGHONG (China Daily)
The author is a researcher in Southeast Asian studies at the China Institutes of Contemporary International Relations.
China has sound reasons to reject South China Sea arbitration
An aerial photo taken on Sept. 25, 2015 from a seaplane of Hainan Maritime Safety Administration shows the Yacheng 13-1 drilling rig during a patrol in South China Sea.(Xinhua file photo/Zhao Yingquan)
CCTV have talked to Victor Gao, the Director of the China
National Association of International Studies. He says whatever the
ruling is, the end result may be the opposite of what the Philippine
government wants http://t.cn/RqEfUgE
http://english.cctv.com/2016/05/06/VIDEiXOWX2qORs4PH2OlXKHk160506.shtml
The Philippines' unilateral attempt at arbitration over South China Sea disputes is not a real attempt to find a solution, but pursuit of selfish gains in the name of "rule of law."
The core of the Beijing-Manila South China Sea dispute is territorial issue, caused by the illegal occupation of some of China's islands and reefs since the 1970s by the Philippines, and the issue of maritime delimitation.
The arbitration violates the basic principles of international law and undermines the integrity and authority of the UN Convention on the Law of Sea (UNCLOS).
The court has no right to adjudicate on the case as in 2006, China exercised its right under Article 298 of the UNCLOS and made a declaration excluding compulsory arbitration on disputes concerning maritime delimitation.
The UN Charter and international law advocate peaceful settlement of disputes through dialogue and negotiation. The UNCLOS respects the dispute settlement procedure chosen by the parties themselves.
Meanwhile, the Declaration on the Conduct of Parties in the South China Sea (DOC), signed by China and ASEAN countries, stipulates that disputes be resolved through consultation and negotiation by those directly concerned.
Therefore, China has sound reasons to reject compulsory arbitration. Whatever the result of the arbitration, it will not be binding on China.
The Philippines has distorted and abused the international arbitration mechanism, and reneged on its promise to solve disputes through negotiation.
It is also an outright lie to say that "all bilateral tools have been exhausted."
China and the Philippines have conducted several rounds of consultations on building trust, managing disputes and promoting maritime cooperation and, during these occasions, the Philippines has never talked with China about any of the appeals it mentioned in the arbitration case.
As Chinese Foreign Minister Wang Yi pointed out, attempts to pressure China over an arbitration of maritime disputes is "either political arrogance or legal prejudice."
It doesn't hold water to say that filing for an arbitration is upholding international law, while not accepting arbitration violates international law. This is not viable in international practice .- Xinhua
Related:
China rebukes U.S. official's criticism on South China Sea arbitration
BEIJING, April 29 (Xinhua) -- A Chinese spokesperson on Friday
rebuked U.S. Deputy Secretary of State Antony Blinken's remarks on the
impending "arbitration" of the South China Sea issue, saying the United States is in no position to criticize China.
On Thursday, Blinken told a House of Representatives hearing in
Washington that China "can't have it both ways," by being a party to the
convention but rejecting its provisions, including "the binding nature
of any arbitration decision." Full story
Backgrounder: "Geng Lu Book," encyclopedia on South China Sea
BEIJING, May 1 (Xinhua) -- The "Geng Lu Book," a historic book
written between China's Ming Dynasty (AD 1368-1644) and Qing Dynasty (AD
1644-1911), begins with a few sentences outlining an accurate maritime
navigation route of ancient Chinese fishermen sailing from the Tan Men
port of China's Hainan Province to the South China Sea.
The origin of the "Geng Lu Book" could date back to the early Ming
Dynasty. The book records names of more than 100 locations in and
important maritime information about the South China Sea, including
sailing directions, time, distance, islands and submerged reefs, as well
as sea current speeds and weather changes. Full story
Backgrounder: China has indisputable sovereignty over South China Sea islands
BEIJING, April 29 (Xinhua) -- The Philippines, distorting and partially applying the United Nations Convention on the Law of the Sea (UNCLOS), attempts to challenge China's sovereignty over the Nansha Islands.
In its unilaterally-initiated arbitration, the Philippines argues
that low-tide elevations and submerged reefs are part of the exclusive
economic zone and continental shelf, a claim that totally runs contrary
to historical fact, reality and international law. Full story
Historical documents record China’s sovereignty in South China Sea
Taiwan Republic of China (ROC) President Ma visits Taiping Island
http://english.president.gov.tw/Default.aspx?tabid=491&itemid=36718&rmid=2355
Office of the President, ROC (Taiwan) ... See us on. youtube. flickr ... After arriving at Taiping Island, President Ma first heard a briefing at the Nansha Command and ... a speech explaining the purpose of his visit and his hope for peace in the South China Sea. ... Office of the President, Republic of China (Taiwan)
Mar 3, 2016 ... Foreign Ministry spokesperson Hong Lei made the remarks at a daily press
conference in response to a Philippine media report that said...
Feb 21, 2016 ... Foreign Minister Wang Yi says China's rejection of arbitration filed by the
Philippines over terroritorial claims, is in line with the law. His remarks ...
Mar 2, 2016 ... Marker stones and light houses were on the islands but most were destroyed by
Vietnam and the Philippines. Even early European records...
Apr 4, 2014 ... Chinese tourists abducted by Philippine terrorists, to sour ties with China?
PERTH: Malaysia is not ruling out the possibility that the latest ...
Jun 19, 2014 ... The truth about the South China Sea disputes: Vietnam and Philippine hyping up
tensions. Chinese State Councilor Yang Jiechi (left) shakes...
May 15, 2014 ... The Philippines detained 11 Chinese fishermen for unverifiable crime after
seizing their vessel near China's Half Moon Shoal in the South...
Mar 2, 2013 ... SABAH STANDOFF, invaders from the Philippines shoot dead! At least 14 people
have reportedly been killed, after Malaysian police ended a ...
Mar 17, 2013 ... The Republic of the Philippines has no claim to Sabah of its own. The on-off
claim, originating from Sulu sovereignty made by certain quarters,...
Nov 18, 2015 ... The suspense is to what extent the US will foist the South China Sea ... Last week
Philippines President Benigno Aquino III assured visiting...
http://english.cctv.com/2016/05/08/VIDEyzjguMSuBLw9MhaJunYz160508.shtml 
China space station will be completed by 2020, the super 'eye' to speed up space rendezvous.
A formation of the Nanhai Fleet of China's Navy on Saturday finished a three-day patrol of the Nansha islands in the South China Sea.
