Chindia Alert: You’ll be Living in their World Very Soon
aims to alert you to the threats and opportunities that China and India present. China and India require serious attention; case of ‘hidden dragon and crouching tiger’.
Without this attention, governments, businesses and, indeed, individuals may find themselves at a great disadvantage sooner rather than later.
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BEIJING, May 28 (Xinhua) — Chinese lawmakers Thursday voted to adopt the country’s long-expected Civil Code at the third session of the 13th National People’s Congress, the top legislature.
The Civil Code will take effect on Jan. 1, 2021.
In addition to general provisions and supplementary provisions, the Civil Code, the world’s latest modern-day civil law, has six parts on real rights, contracts, personality rights, marriage and family, succession, and tort liabilities.
The personal rights, property rights and other lawful rights and interests of the parties to civil legal relations shall be protected by law and shall not be infringed upon by any organization or individual, reads the Civil Code in its opening chapter.
Lawmakers say the codification is not about formulating a new civil law but rather systematically incorporating existing civil laws and regulations, modifying and improving them to adapt to new situations while maintaining their consistency.
A major innovation of China’s Civil Code, jurists say, is embodied in the personality rights part. While some countries have related law provisions, few have a specific law book in civil code dedicated to protecting personality rights.
The personality rights part covers stipulations on a civil subject’s rights to his or her life, body, health, name, portrait, reputation and privacy, among others.
The personality rights part shows that China has reached a new height in protecting the dignity of people, said Chen Jingying, a national lawmaker and vice president of East China University of Political Science and Law.
The Civil Code is a milestone in developing the socialist legal system with Chinese characteristics, and will greatly boost the modernization of China’s system and capacity for governance, said Wang Yi, dean of the law school at Renmin University of China.
China will not set an economic growth goal for this year as it deals with the fallout from the coronavirus pandemic.
It is the first time Beijing has not had a gross domestic product (GDP) target since 1990 when records began.
The announcement was made by Premier Li Keqiang at the start of the country’s annual parliament meeting.
The world’s second largest economy shrank by 6.8% in the first quarter from a year ago as lockdowns paralysed businesses.
“This is because our country will face some factors that are difficult to predict in its development due to the great uncertainty regarding the Covid-19 pandemic and the world economic and trade environment,” Premier Li said.
The country’s leadership has promised to boost economic support measures amid growing concerns that rising unemployment could threaten social stability.
The move comes as tensions between Beijing and Washington are becoming increasingly strained over the coronavirus pandemic, trade and Hong Kong.
On Thursday, President Donald Trump stepped up his attacks on China, suggesting that the country’s leader, Xi Jinping, is behind a “disinformation and propaganda attack on the United States and Europe.”
It came as Mr Trump and other Republicans have escalated their criticism of Beijing’s handling of the early stages of the outbreak.
Also on Thursday, China announced plans to impose new national security legislation on Hong Kong after last year’s pro-democracy protests.
The announcement was met with a warning from Mr Trump that the US would react “very strongly” against any attempt to gain more control over the former British colony.
Separately, two US senators have proposed legislation to punish Chinese entities involved in enforcing the planned new laws and penalise banks that do business with them.
Earlier this week, the US Senate unanimously passed a proposal to delist Chinese companies from American stock exchanges if they fail to comply with US financial reporting standards.
US-listed Chinese companies have come under increasing scrutiny in recent weeks after Luckin Coffee revealed that an internal investigation found hundreds of millions of dollars of its sales last year were “fabricated”.
People work at a construction site of a utility tunnel in Wuhan, central China’s Hubei Province, April 30, 2020. (Xinhua/Xiao Yijiu)
BEIJING, May 1 (Xinhua) — China is getting the world’s largest workforce back to work as the nationwide battle against COVID-19 has secured major strategic achievements.
The unprecedented fight has nurtured new trends in the workplace. For example, more attention is being paid to public health and e-commerce to boost consumption and emerging sectors brought by new applications based on the country’s rapid new infrastructure development of 5G networks and data centers.
In this aerial photo taken on April 29, 2020, representatives of frontline health workers fighting COVID-19 attend a bell-ringing ceremony at the Yellow Crane Tower, or Huanghelou, a landmark in Wuhan, central China’s Hubei Province. (Xinhua/Xiao Yijiu)
ANGELS OF PUBLIC HEALTH
Ye Man, head nurse of gastrointestinal department of Hubei General Hospital East District, one of the five remaining COVID-19 designated hospitals in Wuhan, is taking her first weeklong vacation since January.
The 34-year-old mother of two started to take a week off on Monday, one day after her hospital cleared all remaining confirmed COVID-19 patients. The nine ICU wards in her hospital had been kept occupied over the past several months.
Friday marked International Workers’ Day, and the start of China’s five-day public holiday. Ye said she planned to visit urban parks with her family during the holiday.
At her busiest point, she and her colleagues took care of a ward filled with 40 COVID-19 patients.
“It was a really tough time,” she recalled. She had to wear a protective gown and a mask for nine hours a day and be separated from her family to avoid possible cross-infections.
Wuhan, capital of central China’s Hubei Province and once hard hit by COVID-19, cleared all confirmed cases in hospitals on April 26. Over 42,000 medical workers mobilized nationwide to aid Hubei have contributed to achieving a decisive outcome in the fight to defend Hubei and Wuhan.
In an inspection tour to Wuhan on March 10, President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, lauded medical workers as “the most beautiful angels” and “messengers of light and hope.”
To reward brave and dedicated medics, major tourist sites in Hubei are offering free entry to medical staff over the following two years.
Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, learns about development of the black fungus industry in Jinmi Village of Xiaoling Township in Zhashui County, Shangluo City, northwest China’s Shaanxi Province, April 20, 2020. (Xinhua/Xie Huanchi)
LIVESTREAMING ANCHORS
“We have a new batch of supplies today. Those who did not get the goods should hurry to buy now,” said Li Xuying, a livestreaming anchorwoman selling agaric mushrooms in Zhashui, a small county deep in the Qinling Mountains in northwest China’s Shaanxi Province.
Li has been prepared for a boom of online shopping in the holiday, because online buyers rushed to her livestreaming website to place orders, after Xi inspected the county and chatted with her in the village of Jinmi during a recent tour to Shaanxi.
“I used to sell goods worth about 50,000 yuan (7,070 U.S. dollars) on average after a six-hour livestreaming session. Now the sales are 10 times that,” she said.
Li was one of the 10 sales staff sent by the local agricultural e-commerce firm to Chinese e-commerce platform Taobao’s headquarters for livestreaming training. She said livestreaming is effective in bridging buyers and farmers, through which viewers can watch planting and harvesting online.
With the number of netizens in China reaching 904 million in March, e-commerce has been one of the popular means of promoting the sale of farm produce and helping farmers shake off poverty. Despite the impact of COVID-19, the country is determined to eradicate absolute poverty by the end of this year.
Workers work at the construction site of a 5G base station at Chongqing Hi-tech Zone in Chongqing, southwest China, April 15, 2020. (Xinhua/Wang Quanchao)
HI-TECH WORKERS IN “NEW INFRASTRUCTURE” BUILDING
As an elasticity calculation engineer of Alibaba Cloud, Zhao Kun and his colleagues always stay on alert for high data flow, for example, brought by the anticipated online shopping spike during the holiday.
“The profession, which may sound obscure, is actually closely connected to everyone’s life, as cloud computing is the infrastructure supporting high-tech applications of artificial intelligence and blockchain,” said Zhao.
The Chinese leadership has underscored expediting “new infrastructure” development to boost industrial and consumption upgrading and catalyze new growth drivers.
Seizing the opportunities of industrial digitization and digital industrialization, China needs to expedite the construction of “new infrastructure” projects such as 5G networks and data centers, and deploy strategic emerging sectors and industries of the future including the digital economy, life health services and new materials, President Xi has said.
During the epidemic, Zhao and his colleagues expanded more than 100,000 cloud servers to ensure the stable operation of “cloud classrooms” and “cloud offices” for millions of people working and studying from home.
In the “new infrastructure” building, people like Zhao contribute to constructing the virtual infrastructure of an ecosystem, which enables e-commerce, e-payment, online teaching and the digital transformation of manufacturing and supply chain management.
In early April, China released a plan on promoting the transformation of enterprises toward digitalization and intelligence by further expanding the application of cloud and data technologies, to nurture new business models of the digital economy.
SYDNEY (Reuters) – The Australian government said on Friday it would meet a week ahead of schedule to decide whether to ease social distancing restrictions, as the numbers of new coronavirus infections dwindle and pressure mounts for business and schools to reopen.
Australia has reported about 6,700 cases of the new coronavirus and 93 deaths, well below the levels reported in the United States and Europe. Growth in new infections has slowed to less 0.5% a day, compared to 25% a month ago.
Prime Minister Scott Morrison said it was imperative to lift social distancing restrictions as early as possible as 1.5 million people were now on unemployment benefits and the government forecast the unemployment rate to top 10% within months.
“We need to restart our economy, we need to restart our society. We can’t keep Australia under the doona,” Morrison said, using an Australian word for quilt.
Morrison’s government has pledged spending of more than 10% of GDP to boost the economy but the central bank still warns the country is heading for its worst contraction since the 1930s.
With less than 20 new coronavirus cases discovered each day, Morrison said state and territory lawmakers would meet on May 8 – a week earlier than expected – to determine whether to lift restrictions.
“Australians deserve an early mark for the work that they have done,” Morrison told reporters in Canberra.
Australia attributes its success in slowing the spread of COVID-19 to social distancing restrictions imposed in April, including the forced closures of pubs, restaurants and limiting the size of indoor and outdoor gatherings.
Morrison said 3.5 million people had downloaded an app on their smartphones designed to help medics trace people potentially exposed to the virus, though the government is hoping for about 40% of the country’s 25.7 million population to sign up to ensure it is effective.
Cabinet will also decide next week how to restart sport across the country, the prime minister said.
The government says any resumption of sport should not compromise the public health, and recommends a staggered start beginning with small groups that play non-contact contact sport outdoors.
The recommendations suggests Australia’s National Rugby League (NRL) competition may not get permission to restart its competition as soon as many in the sports-mad country would like.
BEIJING, April 26 (Xinhua) — China announced Sunday to extend tax exemptions by an additional four years to further improve the inclusive finance service for smaller businesses.
The tax exemptions, which expired at the end of last year, will be extended to Dec. 31, 2023, according to a statement jointly issued by the Ministry of Finance and State Taxation Administration.
In order to boost policy support and encourage financial institutions to step up financial services, Chinese authorities decided in 2017 that financial institutions will be exempt from value-added taxes (VAT) on income from interests for loans to small and micro-sized businesses and individually-owned businesses.
The joint statement also said the VAT, which was already collected but eligible to be waived, can be deducted in subsequent months or refunded.
SEOUL/BEIJING (Reuters) – China has allowed 200 employees from South Korea’s Samsung Electronics Co Ltd (005930.KS) to enter the country to work on an expansion of the firm’s NAND memory chip factory, the company said on Wednesday.
The move came after China said on Tuesday that it was in talks with some countries to establish fast-track procedures to allow travel by business and technical personnel to ensure the smooth operation of global supply chains.
China said it has reached a consensus on such an arrangement with South Korea, without elaborating on the terms, including whether individuals entering China will be subject to quarantine.
China, where the virus first emerged late last year, blocked entry last month for nearly all foreigners in an effort to curb risks of coronavirus infections posed by travellers from overseas. After bringing the local spread under control with tough containment measures, it is trying to restart its economic engines after weeks of near paralysis.
A chartered China Air Ltd (601111.SS) plane flew in the Samsung Electronics employees on Wednesday, a company spokeswoman said.
Samsung said its employees will follow the local government’s policy upon arrival, without elaborating.
Shaanxi province, where Samsung’s NAND memory chip plant is located, requires people travelling from overseas to undergo a 14-day quarantine, according to South Korea’s foreign ministry.
“Samsung employees will not be exempted from the 14-day quarantine rule imposed by the Shaanxi province. They will get coronavirus tests at the airport upon arrival and will be transported to a local hotel designated by Chinese authorities,” an official at the Consulate General of South Korea in Xi’an told Reuters.
Samsung Electronics in December increased investment at its chip factory in China by $8 billion to boost production of NAND flash memory chips.
Chinese President Xi Jinping, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, inspects the center for disease control and prevention of Chaoyang District in Beijing, capital of China, on Feb. 10, 2020. (Xinhua/Liu Bin)
WHO Spokesperson Fadela Chaib said that the visit has sent a very important signal to both China and the international community.
BEIJING, Feb. 12 (Xinhua) — The international community have spoke highly of Chinese President Xi Jinping’s inspection tour of the epidemic prevention and control work in Beijing, saying it has injected enormous confidence into the battle against the novel coronavirus pneumonia (NCP).
Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, visited a residential community, a hospital and a district center for disease control and prevention in Beijing on Monday.
The World Health Organization (WHO) has expressed firm support for China’s fight against the NCP and spoken highly of Xi’s field visit. WHO Spokesperson Fadela Chaib said that the visit has sent a very important signal to both China and the international community.
Chinese President Xi Jinping, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, inspects the novel coronavirus pneumonia prevention and control work in Beijing, capital of China, on Feb. 10, 2020. (Xinhua/Ju Peng)
Stephen Perry, chairman of Britain’s 48 Group Club, told Xinhua that through his inspection visit, Xi has shown his concern for the people and strong determination to fight against the epidemic.
The government has carried out anti-epidemic steps with great accuracy, and the whole population of China has united behind the government to carry out the steps necessary in different areas, Perry said.
Subhomoy Bhattacharjee, a consultant at India’s Research and Information System for Developing Countries based in India, said that Xi’s inspection visit has greatly encouraged the medical staff there and sent a positive signal to citizens and investors about the health of the society and economy.
Thai former Deputy Prime Minister Pinij Charusombat said that Xi’s field visit at this crucial moment has shown that the government truly put the people’s lives on top priority, sending out a message to the international community that the Chinese people united as one will get through the difficulties with joint efforts.
Chinese President Xi Jinping, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, checks the treatment of hospitalized patients at the monitoring center and talks to medical staff on duty via a video link at Beijing Ditan Hospital in Beijing, capital of China, on Feb. 10, 2020. (Xinhua/Ju Peng)
Oh Ei Sun, principal advisor for Malaysia’s Pacific Research Center, said Xi’s visit to the residential community has shown the Chinese government’s concern for the people, focus on the people’s voice and understanding of the people’s needs in the fight against epidemic.
Xi’s remarks during the inspection sent out a positive signal that scientific prevention and control measures and targeted policies are needed in the fight against the epidemic, Oh Ei Sun said.
Abdalmuhdi Abumotawi, director of Egypt’s Middle East Forum for Strategic Studies & National Security, said that as China has now entered a critical stage in the fight against the NCP epidemic, President Xi gave everyone more confidence by inspecting the relevant sites in Beijing.
The measures taken by the Chinese government and the response and interaction of the Chinese people confirm once again that China has the ability to eliminate the virus, the Egyptian expert added.
NEW DELHI (Reuters) – India sought to boost growth in a federal budget on Saturday that raised spending on farms and expressways and offered cuts inpersonal taxes, but the measures fell short of market expectations and battered stocks.
Prime Minister Narendra Modi’s government is grappling with the country’s worst slowdown in a decade, with falling employment, consumption and investment ratcheting up the pressure to revive growth.
The government estimates growth this year to March 31 will slip to 5%, the weakest pace since the global financial crisis of 2008-09. It also warned an expected rebound the following year might entail a blow-out in fiscal deficit targets.
Finance Minister Nirmala Sitharaman, presenting the budget for the financial year beginning April 1, said 2.83 trillion rupees ($39.8 billion) will be allocated toward agriculture and allied activities, up 5.6 percent on the previous year.
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The funds will be deployed to help farmers set up solar power generation units as well as establish a national cold storage system to transport perishables.
Sitharaman also vowed to spend $50.7 billion in coming years on a federal water scheme to address challenges facing one of the world’s most water-stressed nations.
Agriculture accounts for near 15% of India’s $2.8 trillion economy and is a source of livelihood for more than half of the country’s 1.3 billion population.
Sitharaman announced a new personal tax system including cuts for those ready to give up a myriad of tax breaks. She also abolished payment of dividend distribution tax by companies to spur investment.
“People have reposed faith in our economic policy,” Sitharaman said to the thumping of desks in parliament. “This is a budget to boost their income and enhance their purchasing power.”
Opposition parties slammed the budget, saying it had failed to address the slowdown in consumer demand and investment. “The government is in complete denial that the economy faces a grave macro economic challenge,” said former finance minister P. Chidambaram.
But higher government spending has put pressure on public finances, prompting caution from rating agencies. Sitharaman said the fiscal deficit for the current year would widen to 3.8% of GDP, up from 3.3% targeted for the current year.
Gene Fang, associate managing director, sovereign risk at Moody’s, said: “India’s 2020/21 budget highlights the challenges to fiscal consolidation from slower real and nominal growth, which may continue for longer than the government forecasts.”
GOVERNMENT SPENDING
For fiscal 2020/21 Sitharaman set the fiscal deficit at 3.5 percent. Moody’s said India’s government debt is already significantly higher than the average for Baa-rated sovereigns, a product of persistent fiscal deficits.
To help finance government spending, Sitharaman set a target for selling stakes in state firms at 2.1 trillion rupees for 2020/21, more than three times the amount expected this year.
She said the government will sell a part of its holding in state-run Life Insurance Corp, the country’s biggest insurance company.
But many experts said the measures did not go far enough to address the slowdown and structural flaws.
“In a normal scenario this budget would have been considered as good providing tax benefit to the common man, corporate and focus on farmers’ incomes, but the situation required more,” said Vinod Nair, head of research at Geojit Financial Services in Kochi.
Indian shares slid to a more than three-month low after a special trading session on Saturday, dented by what analysts said was a lack of sufficient stimulus measures. The NSE Nifty 50 index .NSEI closed 2.5% lower while the benchmark S&P BSE Sensex .BSESN fell 2.4%
“Markets had very high expectations from the budget … these expectations have not been met,” said Deepak Jasani of HDFC Securities.
The government also announced higher duties on a host of imports from walnuts to phone parts. Taxes on imports of pre-assembled printed circuit boards were raised to 20% from 10% and there were new taxes on mobile phones ringers and display panels in a bid to boost local manufacturing.
In its annual economic report released on Friday the government predicted growth would rebound to 6.0% to 6.5% in the fiscal year beginning April 1.
Some economists say global trade tensions and the outbreak of coronavirus in China pose a new risk to economic recovery by hitting cross-border commerce and supply chains.
The Battle of Triangle Hill is known in China as a victory against foreign aggressors
Film’s timing linked to deteriorating relations between Beijing and Washington on multiple fronts
A scene from the 1956 Chinese film Shang Gan Ling, about the Korean war Battle for Triangle Hill, subject of a new film which is about to go into production in China. Photo: Handout
One of the bloodiest battles of the Korean war is the subject of a film that will soon start production in China, in a move which is being linked to surging Chinese nationalism amid poor relations between Beijing and Washington.
The film, based on the Battle of Triangle Hill – also known as the Shang Gan Ling campaign in China – was given the green light by state regulator the China Film Administration in July, but was not reported by Chinese official media until last week.
Hou Jianwei, one of China’s best known war novelists, has been signed on as screenwriter for the film, to be produced by Ao Bo Film Zhejiang which confirmed on microblogging platform Weibo that production was already in “active preparation”.
“More than 100,000 people from the People’s Voluntary Army and forces from the US and South Korea took part in the 43-day fighting, and over 2.4 million shells of ammunition were fired. The battle was unprecedentedly fierce and 40,000 lives were lost,” the film company said in its most recent Weibo post.
“With a multitude of heroes, our army built up an impenetrable barrier in the East.”
China invokes Korean war talks as reason not to bow to US in trade dispute
News of the film has coincided with mounting confrontations between Beijing and Washington on multiple fronts ranging from trade and technology, to Hong Kong and Xinjiang.
Korean war-themed productions have long been a taboo subject for China’s heavily censored film industry, partly because of Beijing’s complicated relations with the US and North Korea.
But the 1950-53 war, in which China and North Korea battled Western forces led by the US, has increasingly become a tool to rally public opinion behind Beijing’s ongoing trade war with the US. Study Times, a Central Party School publication, for example, has directly likened the trade war to the end of the Korean conflict, saying China was determined to oppose US bullying as trade negotiations entered their 17th month.
While Beijing has never given an official account of its decision to join the Korean war, it is often portrayed as a necessary intervention to shield China from US aggression.
The Battle of Triangle Hill has often been presented in China’s official media as a victory by the “volunteers” of the People’s Liberation Army over foreign aggressors.
News of the production has raised avid discussion on Chinese social media, with many seeing the new film as part of China’s efforts to reinforce surging Chinese nationalism in the face of growing pressure from the West.
“Isn’t the approval [to make the film] a strong signal to the West that we are now a strong power?” one Weibo microblogger wrote.
Myanmar President U Win Myint (R) meets with visiting Chinese State Councilor and Foreign Minister Wang Yi in Nay Pyi Taw, Myanmar, Dec. 7, 2019. (Xinhua/U Aung)
NAY PYI TAW, Dec. 7 (Xinhua) — Myanmar President U Win Myint met here Saturday with visiting Chinese State Councilor and Foreign Minister Wang Yi with both sides pledging to strengthen high-level exchanges to push bilateral ties to a new high.
The Myanmar president expressed gratitude to China for its long-term support for Myanmar’s sovereignty, dignity and socio-economic development.
He hoped that both sides will seize the 70th anniversary of the establishment of their diplomatic relations next year as an opportunity to consolidate and deepen mutual political trust, speed up the joint construction of the Belt and Road, comprehensively press forward the building of the China-Myanmar Economic Corridor, expand cooperation in sectors including economy and trade, education, health, and enhance cooperation and coordination in regional and international issues so as to further advance the comprehensive strategic cooperative partnership between the two countries.
The president also hoped that China would continue to support Myanmar in pressing forward the ongoing national reconciliation and peace process.
For his part, the Chinese state councilor said China and Myanmar are neighbors linked by rivers and mountains enjoying a “baobo” (brothers and relatives) friendship. Both countries advocate and practise the Five Principles of Peaceful Coexistence, setting an example of equality and mutually beneficial cooperation between countries.
He pledged that China will continue to firmly support Myanmar’s efforts in pursuing a development path suited to its own national conditions, protecting its legitimate rights and national integrity in the international arena and maintaining its overall development and stability. China also appreciates Myanmar’s firm support for China on issues bearing on its core interests and major concerns, he said.
As the two countries will celebrate 70 years’ diplomatic ties next year, China is willing to join hands with Myanmar to sum up experiences in bilateral cooperation in the past years while planning for future development of bilateral ties and carrying out a series of celebration activities, Wang said.
The Chinese state councilor said China is ready to strengthen high-level exchanges with Myanmar in the new year to push the bilateral comprehensive strategic cooperative partnership to a new high.
CHINDIA ALERT: You'll be living in their world, very soon 