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Creator Capital Ltd Ord CTORF

"Creator Capital Ltd operates in the electronic gaming and multimedia industry. The company offers in-flight gaming software systems and services by developing, implementing, and operating computer based gaming softwares."


GREY:CTORF - Post by User

Post by warrenbuffet99on Jan 02, 2002 1:18am
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Post# 4578410

Beijing to host Olympics

Beijing to host Olympics January 2, 2002 OPINION China's ready to move to centrestage By Frank Ching THE year 2001 has been a good one for China. It won the right to host the 2008 Olympics, which should lift the country's status; after 15 arduous years of negotiations, it finally joined the World Trade Organization, which will provide momentum for more economic reforms; and, despite the US spy plane incident in April, China-US relations have returned to an even keel, with the Bush administration no longer terming China a strategic competitor but a partner in the war against terrorism. Indeed, the negative publicity arising from China's handling of the Falungong movement was one of the few discordant notes during the year. The year also saw China assuming a more active role in foreign affairs. The late paramount leader Deng Xiaoping had crafted a foreign policy strategy to deal with a post-Tiananmen massacre world that was largely hostile. Mr Deng's strategy was for China to assume a low profile. He admonished his successors 'not to carry the flag' of international Communism (after the demise of the Soviet Union) and 'never to take the lead' in world affairs. These ideas have guided Chinese foreign policy for most of the last decade. Recently, however, China has adopted a more assertive stance. At its initiative, Beijing and Moscow signed a friendship treaty in mid-year that in some respects is similar to a military alliance. Again, largely at Beijing's initiative, China, Russia and four Central Asia countries - Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan - jointly created a regional security organisation, the Shanghai Cooperation Organisation, to facilitate development of economic relations among them and also to combat terrorism, separatism and religious extremism. In the aftermath of the terrorist attack on the US, China took the unusual step of contacting by telephone other major countries, including all other permanent members of the United Nations Security Council, to make known its position on the war on terrorism. China improved its relations with Asean members, with both sides agreeing to Beijing's suggestion to set up a free trade area. These are signs of a greater willingness on the part of China to assume responsibility in international affairs and a greater ability to discharge such responsibilities. China has also made known its intention to act in other areas. Despite its security concerns, it has decided to simplify entry and exit procedures. By 2005, for example, Chinese citizens in large and medium-sized cities who want to go abroad will be able to get a passport merely by presenting their identity cards and household registration certificates to the authorities instead of having to go through complicated formalities. Entry and exit procedures for foreigners will also be simplified. These decisions reflect a new sense of confidence on China's part. Perhaps for the first time in history, it sees itself playing the role of a respected and responsible member of the international community. If all goes well, a new China will emerge, different both from the imperial China of the past when it considered itself the centre of civilisation, and disdainful of the outside world. Similarly, it will have forever shed its image of being the sick man of Asia, unable to resist aggression either by Western powers or by Japan. Such attitudinal changes take place slowly, both within China's own psyche and in foreign perceptions of China, and will entail a process lasting many years. But it is one that should be extremely positive for the world. With Japan still becalmed in the economic doldrums, China has increasingly moved to centre stage. Because of China's initial prosperity, it is now besieged by countries far and near to buy its products. While China's military power will undoubtedly grow in tandem with the economy, it is still reticent about flexing its military muscles beyond its borders. A recent case was its reluctance to take part in the international force being assembled for Afghanistan. Despite Deng's strictures not to 'carry the flag' or to 'take the lead', China today appears ready, if necessary, to take a more prominent stance than any other country on certain issues. For example, Beijing is more vocal in opposing Washington's decision to scrap the 1972 Anti-Ballistic Missile Treaty than Moscow, even though Beijing is not a treaty partner. From Beijing's standpoint, it has the potential to seriously affect its security. China's view of the world in the coming year is generally positive. Foreign Minister Tang Jiaxuan, in a year-end interview with the official Xinhua News Agency, said optimistically that 'relations between big countries are turning from tension to relaxation', reflecting China's improving relations with virtually all the world's major countries. And while there will be many challenges, especially in the economic field, China believes that opportunities far outweigh the challenges.
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