Damage to a terracotta soldier in the US causes malaise in China

A soldier of the famed Xian Terracotta Army (central China) suffered a break and theft of a finger during an exhibition in Philadelphia before Chinese property patrols called for harsh penalties against the perpetrator of the act of vandalism and think of asking for compensation.

According to the Beijing Youth Daily newspaper, the Chinese center charged with organizing this exhibition condemned “the theft and destruction of this cultural heritage” and called for a severe punishment of the person responsible for the event.

The value of the statue that was damaged “is incalculable,” said a spokesman for the Shaanxi Cultural Promotion Center, the central province of China where the famous Terracotta Army is located.

Image result for Damage to a terracotta soldier in the US causes malaise in China

The South China Morning Post reported that the center is considering the possibility of seeking compensation from the Franklin Institute of Philadelphia, where the event occurred.

According to Chinese media reports, the author of the robbery took advantage of a night party held at the Institute on December 21 to sneak into a room where the terracotta soldier was exposed, take a selfie while leaning on his shoulder and plucking a finger, which he took home.

The American museum publicly apologized for the incident, which was investigated in January when someone noticed that one of the toes of the statue was missing, so the “looter” was discovered after an FBI investigation and detained, although currently on parole and waiting for judgment.

Image result for Damage to a terracotta soldier in the US causes malaise in China

The Franklin Institute hosts until March 10 of the 8,000 soldiers of the Terracotta Army, which was discovered in the 70s, is about 2,200 years old and is considered one of the most valuable assets of the ancient Chinese civilization.

The Shaanxi heritage center has lent the statues, but officials have hitherto reported no such incidents.


European companies warn China to open its economy

The European companies that operate in China have urged the Government of Beijing on Tuesday to make their promises of openness to investments and trade a reality and warned that a breach could bring “a negative reaction” against globalization.

“The lack of reciprocity in access to markets is becoming politically unsustainable,” said the president of the Chamber of Commerce of the European Union in China, Mats Harbor, presenting the organization’s annual report on the Chinese economy.

“We are afraid that if this does not change quickly there will be a negative reaction against economic globalization,” he added.

Harborne said in a press conference that European companies are “frustrated” by the lack of progress in the promises of opening by the Chinese authorities, which on the other hand are applying new restrictions on investments and imports.

Image result for European companies warn China to open its economy

The 400-page report recalls how Chinese President Xi Jinping became a champion of free trade with his speech at the last Davos Economic Forum in January, but in Beijing, the government continues to shuffle when it comes to opening its economy to the external presence, against previous promises.

The president of the European Commission, Jean-Claude Juncker, proposed last week to create a foreign investment review system to protect EU companies from unwanted acquisitions of countries that do not offer the same level of opportunities to community companies.

Juncker stressed that his proposal is not directed against any country, but Beijing has already shown concern about what he perceives as an increase in “protectionism” in Europe.

European companies regret that sectors such as telecommunications or retail banking remain totally closed to foreigners in China, while in other sectors their presence is still limited (normally they can only associate with a local company that holds the majority of the capital of the joint venture).

In addition, discrimination against Chinese firms in public tenders and purchases continues, and the large publicly owned business giants continue to enjoy advantages outside the free market.

Meanwhile, Chinese companies have much more freedom in Europe when it comes to settling in, buying European companies or participating in public purchases.

Herborn recalled recent measures approved by the Chinese government, such as new inspections on food imports (including those packaged in boxes or cans) that will take effect on October 1 or the recent decision that electric and hybrid cars that receive subsidies for their purchase they must have only batteries manufactured in China.

Image result for European companies warn China to open its economy

In addition, the legal services sector went from “restricted” to “prohibited” in 2014, recalls the document, which also affects the limitations of the internet (technical or censorship) or the increasing bureaucratic obstacles to rotate in China to staff or scholars.

As a result of all this, direct investment in China from the European Union fell by 23% last year to 6,670 million euros (8,000 million dollars), while on the opposite side the companies of the Asian giant shot a 77 % your investment in the EU up to 33,350 million euros (40,000 million dollars).

In the first half of this year, Chinese investments in EU territory have remained stable, due in large part to Beijing’s limitations on capital outflows, while investments from the European Union on Chinese soil have been cut back another 23%

In contrast, the EU’s investment in the United States last year reached 230,000 million euros (277,000 million dollars), according to data from the US Chamber of Commerce in Europe.