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.
The POSTs (front webpages) are mainly 'cuttings' from reliable sources, updated continuously.
The PAGEs (see Tabs, above) attempt to make the information more meaningful by putting some structure to the information we have researched and assembled since 2006.
Tsai Ing-wen visited exiled Hong Kong bookseller a day after NPC voted in favour of legislation
Lam Wing-kee said fleeing Hongkongers saw Taiwan as a step towards applying for asylum in the West
President Tsai Ing-wen (centre) shows her support for Hong Kong bookseller Lam Wing-kee (right) with Lin Fei-fan, deputy secretary general of the ruling Democratic Progressive Party. Photo: Taiwan presidential office/AFP
Her visit came a day after China’s legislature, the National People’s Congress, voted in favour of a resolution to initiate the legal process for a national security law to be imposed on Hong Kong, despite concerns from the United States, the European Union and elsewhere that the move would erode human rights, freedom and autonomy in the city.
Tsai said on behalf of all Taiwanese people, she welcomed Lam to stay in Taiwan where he could bolster the island’s efforts to further freedom and democracy.
Hongkongers who want to flee to Taiwan ‘will go through strict screening’
28 May 2020
Lam, one of the five shareholders and staff at Hong Kong’s Causeway Bay Books, fled to Taiwan in April last year after he was detained by Chinese agents for eight months in 2015 for selling books critical of the Chinese leadership.
between October and December that year and it emerged they had been detained on the Chinese mainland.
President Tsai Ing-wen looks at a book while visiting Lam Wing-kee on Friday. Photo: Taiwan presidential office/AFP
Lam later said he had been detained and blindfolded by police after crossing the border into mainland China from Hong Kong in October 2015.
The case triggered a huge controversy and raised fears of growing Chinese control in the city.
Seeing Lam as a representative of Hongkongers fleeing to Taiwan to avoid political persecution, Tsai said she wanted to understand what challenges these exiles faced and what help they needed during their stay on the self-ruled island.
“I want to tell Boss Lam [Wing-kee] and our Hong Kong friends that the government here has set up an ad hoc committee to offer help to them very soon,” she said.
On Wednesday, Tsai called for the government to set up an ad hoc committee to work out a “humanitarian help action plan” for Hong Kong people seeking to live in Taiwan or immigrate to the island. It was borne out of concern they would be arrested or prosecuted for taking part in months of anti-government protests triggered last year by the now-shelved extradition bill.
Chen Ming-tong, head of the Mainland Affairs Council, the island’s top mainland policy planner, said on Thursday his council would draft the measures for cabinet’s approval in a week.
Under the plan, the Mainland Affairs Council would issue special measures and coordinate with the island’s authorities on how to help Hongkongers relocate to Taiwan and take care of them.
Bookseller Lam told Tsai what Hongkongers needed most was to have their stay in Taiwan extended.
Lam said that currently, because of the absence of a political asylum law, Hongkongers could only apply to live in Taiwan through study, work, investment, their professional skills or close relatives.
He said fleeing Hongkongers usually came to Taiwan on tourist permits, which at most allowed them to stay for up to six months, giving them not enough time to apply for long-term residence in Taiwan.
“It would be better if they can stay for nine months and preferably one year,” he said.
Lam said some fleeing Hongkongers saw Taiwan as an intermediary base as they hoped to apply for asylum in the West, but it took a long time for Western countries to screen and approve their asylum requests.
Meanwhile, Premier Su Tseng-chang said Article 18 of the Laws and Regulations Regarding Hong Kong and Macau Affairs was good enough to deal with the current crisis in the absence of a political asylum law in Taiwan.
That article states that “necessary help shall be provided to Hong Kong or Macau residents whose safety and liberty are immediately threatened for political reasons”.
BEIJING, May 2 (Xinhua) — A Chinese health official on Saturday urged people to wear masks correctly and avoid travel during peak hours over coronavirus concerns in the May Day holiday.
Travelers are encouraged to reserve visiting slots in advance, and pay attention to their temperatures, said Mi Feng, a spokesperson for the National Health Commission, at a press conference in Beijing.
Some tourist attractions have seen large crowds of tourists not wearing masks Friday, the first day of the five-day May Day holiday, Mi said.
China recorded more than 23 million domestic tourist trips Friday, with the domestic tourism revenue reaching over 9.7 billion yuan (about 1.38 billion U.S. dollars), according to the Ministry of Culture and Tourism.
Concerns are rising that China is repeating its mistake of a decade ago by pursuing short-term debt-fuelled economic growth at the cost of long-term sustainability
Local governments are stepping up spending on infrastructure projects in a bid to offset the slowdown caused by the coronavirus outbreak and subsequent lockdowns
Construction of high-speed railways, motorways and airports is an old tactic that Beijing dusted off after the pandemic led to a 6.8 per cent economic contraction in the first quarter. Photo: Xinhua
China’s huge stockpile of local government debt, one of the biggest “grey rhino” risks threatening the Chinese economy’s future, is set to rise steeply as local authorities rush to increase capital spending to help offset the damage caused by the coronavirus outbreak.
As Beijing discusses increasing the central government budget deficit and monetary policy easing to spur economic growth, many local governments see the situation as a golden opportunity to realise their investment ambitions, fanning concerns that China is repeating its mistake of a decade ago by pursuing short-term debt-fuelled economic growth at the cost of long-term sustainability.
In one of the latest investment drives, the southeastern province of Fujian announced on Sunday that it had signed contracts for 391 new projects with a combined investment value of 783.6 billion yuan (US$110.6 billion). Projects undertaken by central government-owned companies, which received significant lending support in the first quarter, accounted for more than half of the promised investment in Fujian, some 92 projects worth 424.5 billion yuan.
The landlocked eastern province of Anhui is also planning 2,583 new projects this year at a cost of 450 billion yuan, a third of which have been created in the last two weeks.
Construction begins for major sea crossing to link Shenzhen and Zhongshan in Greater Bay Area
In addition to work on existing construction projects, costing around 850 billion yuan, the province has also prepared a list of 3,300 reserve projects with a total investment value of 5.4 trillion yuan (US$762 billion) which could theoretically be started at any point in the future, pending government approval and funding support.
“The most powerful and effective way to offset the economic slowdown is to increase the size of investments,” Wang Qikang, an official with the Anhui economic planning office said on Friday. “[We] must quicken the pace of construction, working day and night to win back the lost time [from the coronavirus lockdowns].”
Construction of high-speed railways, motorways and airports is an old tactic that Beijing dusted off after the pandemic led to a 6.8 per cent economic contraction in the first quarter.
Infrastructure construction has already been hit hard amid the lockdowns, plunging 19.7 per cent in the first three months of the year compared to a year earlier.
Many [local governments] are still striving to achieve a high growth rate without the guidance of a national [gross domestic product] target – Liu Xuezhi
“The investment stimulus mindset has hardly been eradicated at the local level,” said Liu Xuezhi, a senior researcher with the Bank of Communications in Shanghai. “In particular, many [local governments] are still striving to achieve a high growth rate without the guidance of a national [gross domestic product] target.”
Before the start of the coronavirus outbreak, Beijing was thought to be targeting a
of around 6 per cent this year after achieving 6.1 per cent in 2019, although many local governments appear to be setting their own annual targets still using the original expected goal as a guide.
However, that target was never made public because the meeting of the
scheduled for early March, where the growth target would normally have been released, was postponed due to the virus.
The government announced on Wednesday that the NPC will be held from May 22, when a new, likely lower, growth target could be announced.
China’s first-quarter GDP shrinks for the first time since 1976 as coronavirus cripples economy
International rating agency Moody’s warned that greater infrastructure spending would result in higher debt for regional and local governments, increasing their financial risks amid a sharp slowdown in tax revenues.
“Such investments are less likely to be a main support measure [chosen by Beijing] now given the government’s focus on avoiding a rapid increase in leverage and asset price inflation,” Moody’s analysts Michael Taylor and Lilian Li said on Tuesday.
At the end of March, local government debt stood at 22.8 trillion yuan (US$3.2 trillion), according to the Ministry of Finance. But implicit liabilities, which are hidden in local financing vehicles, state firms and public-private partnership projects, are believed to be much larger, with some estimates pointing towards an additional debt of over 30 trillion yuan.
Chinese central bank governor Yi Gang, along with other officials, have already warned against excessive economic stimulus, saying it would add risks to China’s financial system.
A key risk is that local governments are front-loading China’s long-term investment plan, especially in the railway sector, with more than 357 railway projects proposed by local governments.
Shandong province, for example, is preparing to build four new railway lines, including the Shandong portion of a second high-speed railway between Beijing to Shanghai.
“There is still a chance for infrastructure investment growth to hit 10 per cent if the government releases 2 trillion yuan (US$282 billion) in funding through local special purpose bonds and special treasury bonds,” said Haitong Securities’ chief economist Jiang Chao on Monday.
However, a local government debt monitoring report issued on Tuesday by the National Institution of Finance and Development warned that China’s local government fiscal situation is worsening rapidly as expenses surge and revenues drop.
“All levels of local governments in China will face huge debt repayment pressure in five years,” warned Yin Jianfeng, deputy director of the Beijing-based think-tank.
SEOUL (Reuters) – South Korean officials are calling for caution amid reports that North Korean leader Kim Jong Un may be ill or is being isolated because of coronavirus concerns, emphasising that they have detected no unusual movements in North Korea.
At a closed door forum on Sunday, South Korea’s Unification Minister Kim Yeon-chul, who oversees engagement with the North, said the government has the intelligence capabilities to say with confidence that there was no indications of anything unusual.
Rumours and speculation over the North Korean leader’s health began after he made no public appearance at a key state holiday on April 15, and has since remained out of sight.
South Korea media last week reported that Kim may have undergone cardiovascular surgery or was in isolation to avoid exposure to the new coronavirus.
Unification minister Kim cast doubt on the report of surgery, arguing that the hospital mentioned did not have the capabilities for such an operation.
Still, Yoon Sang-hyun, chairman of the foreign and unification committee in South Korea’s National Assembly, told a gathering of experts on Monday that Kim Jong Un’s absence from the public eye suggests “he has not been working as normally”.
“There has not been any report showing he’s making policy decisions as usual since April 11, which leads us to assume that he is either sick or being isolated because of coronavirus concerns,” Yoon said.
North Korea has said it has no confirmed cases of the new coronavirus, but some international experts have cast doubts on that claim.
On Monday, North Korean state media once again showed no new photos of Kim nor reported on his whereabouts.
However, they did carry reports that he had sent a message of gratitude to workers building a tourist resort in Wonsan, an area where some South Korean media reports have said Kim may be staying.
“Our government position is firm,” Moon Chung-in, the top foreign policy adviser to South Korean President Moon Jae-in, said in comments to news outlets in the United States.
“Kim Jong Un is alive and well. He has been staying in the Wonsan area since April 13. No suspicious movements have so far been detected.”
Satellite images from last week showed a special train possibly belonging to Kim at Wonsan, lending weight to those reports, according to 38 North, a Washington-based North Korea monitoring project.
Though the group said it was probably the North Korean leader’s personal train, Reuters has not been able to confirm that independently, or whether he was in Wonsan.
A spokeswoman for the Unification Ministry said on Monday she had nothing to confirm when asked about reports that Kim was in Wonsan.
Last week China dispatched a team to North Korea including medical experts to advise on Kim Jong Un, according to three people familiar with the situation.
Reuters was unable to immediately determine what the trip by the Chinese team signalled in terms of Kim’s health.
On Friday a South Korean source told Reuters their intelligence was that Kim Jong Un was alive and would likely make an appearance soon.
Experts have cautioned that Kim has disappeared from state media coverage before, and that gathering accurate information in North Korea is notoriously difficult.
North Korea’s state media last reported on Kim’s whereabouts when he presided over a meeting on April 11.
Kim, believed to be 36, vanished from state media for more than a month in 2014 and North Korean state TV later showed him walking with a limp.
SEOUL (Reuters) – South Korean and Chinese officials on Tuesday cast doubt on reports North Korean leader Kim Jong Un was ill after media outlets said he had undergone a cardiovascular procedure and was in “grave danger”.
Daily NK, a Seoul-based speciality website, reported late on Monday, citing one unnamed source in North Korea, that Kim was recovering after undergoing the procedure on April 12. The North Korean leader is believed to be about 36.
CNN cited a U.S. official with direct knowledge of the matter as saying Washington was “monitoring intelligence” that Kim was in grave danger after surgery. Bloomberg quoted an unnamed U.S. official as saying the White House was told that Kim took a turn for the worse after the surgery.
However, two South Korean government officials rejected the CNN report without elaborating on whether Kim had undergone surgery. The presidential Blue House said there were no unusual signs coming from the reclusive, nuclear-capable state.
Kim is the unquestioned leader of North Korea and the sole commander of its nuclear arsenal. He has no clear successor and any instability in the country could be a major international risk.
RELATED COVERAGE
Factbox: Questions hang over North Korea succession amid reports on Kim health
The state KCNA news agency gave no indication of the whereabouts of Kim in routine dispatches on Tuesday, but said he had sent birthday gifts to prominent citizens.
An official at the Chinese Communist Party’s International Liaison Department, which deals with North Korea, told Reuters the source did not believe Kim was critically ill. China is North Korea’s only major ally.
Chinese foreign ministry spokesman Geng Shuang said Beijing was aware of reports about the health of Kim, but said it does not know their source, without commenting on whether it has any information about the situation.
South Korean shares exposed to North Korea tumbled and the Korean won fell on the reports. The won traded down more than 1% against the dollar even as South Korean government sources said Kim was not gravely ill.
U.S. stock futures were trading 0.5% lower, but it was not clear how much of that weakness was owing to the collapse in U.S. oil prices and consequent concerns over global demand.
Daily NK said Kim had been admitted to hospital on April 12, just hours before the cardiovascular procedure, as his health had deteriorated since August due to heavy smoking, obesity and overwork.
It said he was now receiving treatment at a villa in the Mount Myohyang resort north of the capital Pyongyang.
“My understanding is that he had been struggling (with cardiovascular problems) since last August but it worsened after repeated visits to Mount Paektu,” a source was quoted as saying, referring to the country’s sacred mountain.
Accompanied by senior North Korean figures, Kim took two well-publicised rides on a stallion on the snowy slopes of the mountain in October and December.
KIM’S HEALTH KEY TO STABILITY
An authoritative U.S. source familiar with internal U.S. government reporting on North Korea questioned the CNN report that Kim was in “grave danger”.
“Any credible direct reporting having to do with Kim would be highly compartmented intelligence and unlikely to leak to the media,” a Korea specialist working for the U.S. government said on condition of anonymity.
Japan’s top government spokesman, Yoshihide Suga, declined to comment on the reports of Kim’s health.
“We are regularly gathering and analysing information about North Korea with great concern,” he said. “We will keep gathering and analysing information regarding North Korea by collaborating with other countries such as the U.S.”
Kim’s potential health issues could fuel uncertainty over the future of the reclusive state’s dynastic rule and stalled denuclearisation talks with the United States, issues in which Kim wields absolute authority.
With no details known about his young children, analysts say his sister and loyalists could form a regency until a successor is old enough to take over.
Speculation about Kim’s health first arose following his absence from the anniversary of the birthday of its founding father and Kim’s grandfather, Kim Il Sung, on April 15.
On April 12, North Korean state media reported that Kim Jong Un had visited an airbase and observed drills by fighter jets and attack aircraft.
Two days later North Korea launched multiple short-range anti-ship cruise missiles into the sea and Sukhoi jets fired air-to-surface missiles as part of military exercises.
The missile launches were part of the celebrations for Kim’s grandfather, Seoul officials said, but there was no North Korea state media report on his attendance or the tests.
Reporting from inside North Korea is notoriously difficult, especially on matters concerning the country’s leadership, given tight controls on information. There have been false and conflicting reports in the past on matters related to its leaders.
Kim is a third-generation hereditary leader who rules North Korea with an iron-fist, taking over the titles of head of state and commander in chief of the military since late 2011.
In recent years Kim has launched a diplomatic offensive to promote both himself as a world leader and his hermit kingdom, holding three meetings with U.S. President Donald Trump, four with South Korean President Moon Jae-in and five with China’s President Xi Jinping.
He was the first North Korean leader to cross the border into South Korea to meet Moon in 2018. Both Koreas are technically still at war, as the Korean War of 1950-53 ended in an armistice, not a peace treaty.
Kim has sought to have international sanctions against his country eased, but has refused to dismantle his nuclear weapons programme, a steadfast demand by the United States.
“Doctors and nurses are people who saved me from cancer and gave me strength in the darkest time. I need to return the favour,” says Li Yan, a food delivery rider based in Beijing.
Mr Li was diagnosed with lymph cancer in 2003, when he was just 17 years old. He recovered from the disease and has been full of gratitude ever since for the medical workers who nursed him back to health. With China in a national lockdown, food delivery firms found themselves in hot demand providing meals for residents stuck at home to prevent the spread of the coronavirus.
As a delivery rider for Meituan, one of China’s biggest food delivery firms, Mr Li saw an opportunity to repay the medical professionals he admires by providing them with food and drinks as they worked tirelessly on patients across the city. “Given my past experience, I felt I needed to do something for them in return during the virus outbreak,” he adds.
Beijing is a city of 21 million residents, and Mr Li covers its Tongzhou district, where there are a handful of hospitals with fever clinics, one of which is a designated hospital for Covid-19 treatment. “Many might have concerns delivering for the hospital, but I’ve chosen to deliver for them more often. I just think of the local residents and medical workers who need us. I can’t leave them being hungry. It’s not for money.”
Before the outbreak in China, he delivered more than 50 orders on an average day. But during the first ten days after the coronavirus outbreak in late January, the number of orders dropped to less than 20, as some restaurants were closed. The outbreak also coincided with the Chinese New Year period which is normally a low season.
“By mid-February when the situation was brought more under control, and people’s concerns and fears gradually began to ease, orders started to be restored. I can deliver over 40 orders a day now.”
Image copyright LI YAN
During this time, Meituan brought in a contactless delivery option which allowed food to be dropped off at designated points to avoid contact between customers and riders. “When I called customers to explain, some initially didn’t understand and wanted to cancel the order. But gradually people grew more understanding and began to welcome the contactless approach.”
Empty streets
China was in lockdown for more than two months, although restrictions are now beginning to be lifted. It will still take time before a sense of normalcy returns.
“I remember when the coronavirus first broke out, it was hazy for a few days in Beijing. Streets were empty and stores were closed. An ambulance or a delivery rider occasionally drove by. It felt like I was living in a different world.”
Mr Li says restaurants have started to re-open and people have begun coming back to work in the office since mid-February. Orders are still lower than normal but are improving.
“I miss the hustling Beijing which used to filled with traffic, the days when I could smell car exhaust when I stop at crossroads, the times when I had to walk all the way up to the 6th floor to deliver food, and even times when I was late for a delivery.”
Image copyright LI YAN
When the virus first broke out, face masks and alcohol disinfectant were the most ordered items along with supermarket groceries. “Grains, rice, cooking oil, vegetables, fruits, and solid, packaged food that lasts long. Orders often came in big sizes and transaction prices at around 200 yuan [£23; $28] to 300 yuan on one order.”
Being a food delivery rider, Mr Li feels he can not only give back to the medical community but to the city’s vulnerable too.
“I once received an order that came with a note saying the customer is a 82-year-old who lives alone and couldn’t get downstairs to pick up the food so the rider needs to enter the residential community and deliver food to the door. I had to spend some time communicating with security and finally was allowed in. The door was open when I arrived, and I put the bowl of wontons [a type of dumpling] on the table.”
Tips have increased from happy customers during the pandemic as a result. “Many more send me thank-you notes in the Meituan app and tell me to take care.”
Image copyright LI YAN
Keeping clean
Mr Li has a new routine now which involves lots of disinfecting and temperature checks. “I get my temperature checked dozens of times everyday now, before entering shopping malls, at restaurants, and returning home to the residential compound I live in. I also bring with me disinfectant sprays, a towel in my scooter and use disposable gloves when delivering to areas with reported confirmed cases.”
While he’s providing a vital service, is Mr Li worried about the risk of infection? “I did have worries when the virus spread and was at its worst time here but I feel like I’ve already been there, given what I went through in the fight against cancer.
“I’ve learnt to take things easy, look at the bright side of things and always seek strength in a dark time. As long as I take sufficient precautions, masks, gloves, disinfectants and everything, and follow advice from disease control experts, I think the possibility of getting the virus is pretty low.”
And with a seven-month pregnant wife at home, Mr Li is looking forward to happier times.
WUHAN, China (Reuters) – China reported a drop in new coronavirus infections for a fourth day as drastic curbs on international travellers reined in the number of imported cases, while policymakers turned their efforts to healing the world’s second-largest economy.
The city of Wuhan, at the centre of the outbreak, reported no new cases for a sixth day, as businesses reopened and residents set about reclaiming a more normal life after a lockdown for almost two months.
Smartly turned out staff waited in masks and gloves to greet customers at entrances to the newly-reopened Wuhan International Plaza, home to boutiques of luxury brands such as Cartier and Louis Vuitton.
“The Wuhan International Plaza is very representative (of the city),” said Zhang Yu, 29. “So its reopening really makes me feel this city is coming back to life.”
Sunday’s figure of 31 new cases, including one locally transmitted infection, was down from 45 the previous day, the National Health Commission said.
As infections fall, policymakers are scrambling to revitalise an economy nearly paralysed by months-long curbs to control the spread of the flu-like disease.
On Monday, the central bank unexpectedly cut the interest rate on reverse repurchase agreements by 20 basis points, the largest in nearly five years.
The government is pushing businesses and factories to reopen, as it rolls out fiscal and monetary stimulus to spur recovery from what is feared to be an outright economic contraction in the quarter to March.
China’s exports and imports could worsen as the pandemic spreads, depressing demand both at home and abroad, Xin Guobin, the vice minister of industry and information technology, said on Monday.
The country has extended loans of 200 billion yuan (22.75 billion pounds) to 5,000 businesses, from 300 billion allocated to help companies as they resume work, Xin said.
Authorities in Ningbo said they would encourage national banks to offer preferential credit of up to 100 billion yuan to the eastern port city’s larger export firms. The city government will subsidize such loans, it said in a notice.
VIRUS CONCERNS
While new infections have fallen sharply from February’s peak, authorities worry about a second wave triggered by returning Chinese, many of them students.
China cut international flights massively from Sunday for an indefinite period, after it began denying entry to almost all foreigners a day earlier.
Average daily arrivals at airports this week are expected to be about 4,000, down from 25,000 last week, an official of the Civil Aviation Administration of China told a news conference in Beijing on Monday.
The return to work has also prompted concern about potential domestic infections, especially over carriers who exhibit no, or very mild, symptoms of the highly contagious virus.
Northwestern Gansu province reported a new case of a traveller from the central province of Hubei, who drove back with a virus-free health code, national health authorities said.
Hubei authorities say 4.6 million people in the province returned to work by Saturday, with 2.8 million of them heading for other parts of China.
Most of the departing migrant workers went to the southern provinces of Guangdong and Fujian, the eastern provinces of Zhejiang and Jiangsu, and northeast China.
In Hubei’s capital of Wuhan, more retail complexes and shopping streets reopened.
Electric carmaker Tesla Inc has also reopened a showroom in Wuhan, a company executive said on Weibo.
Shoppers queued 1-1/2 metres (5 ft) apart for temperature checks at Wuhan International Plaza, while flashing “green” mobile telephone codes attesting to a clean bill of health.
To be cleared to resume work, Wuhan residents have been asked to take nucleic acid tests twice.
“Being able to be healthy and leave the house, and meet other colleagues who are also healthy is a very happy thing,” said Wang Xueman, a cosmetics sales representative.
BEIJING (Reuters) – China reported a sharp decrease in new deaths and cases of the coronavirus on Saturday but a doubling of infections in South Korea and 10 new cases in Iran added to unease about its rapid spread and global reach.
Mainland China had 397 new confirmed cases of coronavirus infections on Friday, down from 889 a day earlier, but only 31 cases were outside of the virus epicentre of Hubei province, the lowest number since the National Health Commission started compiling nationwide data a month ago.
But infection numbers continued to rise elsewhere, with outbreaks worsening in South Korea, Italy and Lebanon and Iran, prompting a warning from the World Health Organization that the window of opportunity to contain the international spread was closing..
South Korea saw another spike in infections, with 229 new confirmed cases, taking its tally to 433. Officials warned that could rise substantially as more than 1,000 people who attended a church at the centre of the outbreak had shown flu-like symptoms.
Iran, which had no reported cases earlier this week, saw 10 new cases, one of which had died, taking the number to 28 infections and five deaths.
RELATED COVERAGE
South Korea coronavirus cases more than double in a day
Second coronavirus patient dies in Italy – ANSA news agency
Concerns about the virus weighed on U.S. stocks on Friday, driven by an earlier spike in cases in China and data showing stalling U.S. business activity in February. [MKTS/GLOB]
It has spread to some 26 countries and territories outside mainland China, killing 13 people, according to a Reuters tally.
WHO director-general Tedros Adhanom Ghebreyesus on Twitter expressed concern on Saturday about cases with no clear link to China and called on all countries to invest urgently in preparedness. He made an appeal for $675 million to support the most vulnerable countries.
On Friday, he said now was the time to act decisively.
“We still have a chance to contain it,” he said. “If we don’t, if we squander the opportunity, then there will be a serious problem on our hands.”
An outbreak in northern Italy worsened with its first two deaths, among 17 confirmed cases including its first known instance of local transmission.
Japan confirmed 14 new coronavirus cases on Saturday, among those a teacher who had shown symptoms while working at her school.
Japan is facing growing questions about whether it is doing enough to contain its spread, and concern about whether it could scupper this year’s Tokyo Olympics. Organisers on Saturday postponed the start of training for volunteers as a precaution.
The Bank of Japan’s governor on Saturday shrugged off talk that the widening epidemic is triggering an outflow of funds from Asia.
The total number of confirmed cases in mainland China rose to 76,288, with the death toll at 2,345 as of the end of Friday. Hubei reported 106 new deaths, of which 90 were in Wuhan.
But new, albeit isolated findings about the coronavirus could complicate efforts to thwart it, including the Hubei government’s announcement on Saturday that an elderly man took 27 days to show symptoms after infection, almost twice the presumed 14-day incubation period.
That follows Chinese scientists reporting that a woman from Wuhan had travelled 400 miles (675 km) and infected five relatives without showing signs of infection, offering new evidence of asymptomatical spreading.
State television on Saturday showed the arrival in Wuhan of the “blue whale”, the first of seven river cruise ships it is bringing in to house medical workers, tens of thousands of which have been sent to Hubei to contain the virus.
Senior Chinese central bank officials sought to ease global investors’ worries about the potential damage to the world’s second-largest economy from the outbreak, saying interest rates would be guided lower and that the country’s financial system and currency were resilient.
Chen Yulu, a deputy governor of the People’s Bank of China, said policymakers had plenty of tools to support the economy, and were fully confident of winning the war against the epidemic.
“We believe that after this epidemic is over, pent-up demand for consumption and investment will be fully released, and China’s economy will rebound swiftly,” Chen told state television.
China has recently cut several key lending rates, including the benchmark lending rate on Thursday, and has urged banks to extend cheap loans to the worst-hit companies which are struggling to resume production and are running out of cash.
The transport ministry said businesses would resume operations on a larger scale later this month and said more roads, waterways and ports were returning to normal.
Online media and Weibo users posted footage and images on Saturday of some malls reopening, including in the cities of Wuxi, Hangzhou and in Gansu province, with shoppers queuing in near-empty streets outside for mandatory temperature checks as trickles of customers in masks perused luxury goods shops and makeup counters.
Some analysts believe China’s economy could contract in the first quarter from the previous three months due to the combined supply and demand shocks caused by the epidemic and strict government containment measures. On an annual basis, some warn growth could fall by as much as half from 6% in the fourth quarter.
However, transport restrictions remain in many areas and while more firms are reopening, the limited data available suggests manufacturing is still at weak levels, with disruptions starting to spillover into global supply chains.
Samsung Electronics (005930.KS) said on Saturday that one coronavirus case had been confirmed at its mobile device factory complex in Gumi, causing a shutdown of its entire facility.
Finance leaders from the Group of 20 major economies were set to discuss risks to the world economy in Saudi Arabia this weekend.
The WHO’s Tedros on Twitter said 13 priority countries in Africa had been identified for help because of their direct links to China or high travel volume. That would include 30,000 personal protective kits on the way to six countries and 60,000 more for 19 states in the weeks ahead.
Observers say domestic issues prompted Kremlin to tighten environmental protection around the lake in Siberia, but Chinese activities also played a part
Businesses catering to growing number of visitors from China may be easy scapegoats as they are ‘among the most visible because they are foreign’
A growing number of Chinese tourists are visiting Lake Baikal in Siberia. Photo: Shutterstock
Russia has tightened environmental protection around Lake Baikal amid growing concerns over degradation, with Chinese development and tourism at the heart of recent debates on the nationally treasured Siberian lake.
New protocols signed by President Vladimir Putin on September 12 clarify how authorities will monitor “compliance with the law on Lake Baikal’s conservation and environmental rehabilitation”.
They also call for improved state environmental monitoring of the lake’s unique ecosystem, aquatic animal and plant life; prevention of and response to risks; analysis of the pressure from fishing on its biological resources; as well as measures to conserve those unique aquatic resources.
Observers say domestic issues – including a backlash over the government’s hand in accelerating environmental damage – prompted the Kremlin to act, but concerns over Chinese activities in the area also played a part.
Eugene Simonov, coordinator of the Rivers Without Boundaries International Coalition, said the protocols were a bid by Moscow to show it was concerned about the lake, where mismanagement and relaxed standards had damaged water quality and the ecosystem – drawing concern from Unesco, which has designated it a World Heritage Site.
But it was also related to local concerns that an influx of Chinese money and tourists in the region was making matters worse.
“One of the leading causes of problems on Lake Baikal is the development of the lake shore for tourism these days, which, at least in the Irkutsk region, is greatly driven by Chinese business,” said Simonov, who has worked extensively on the area’s environmental issues.
He pointed to the “not legal” hotels opened by local and Chinese businesses that cater to the increasing number of tourists from China, saying they stood out as easy scapegoats.
“The real driving force is the desire of locals to privatise the lake shore, illegally, but the Chinese demand is one of the reasons they want to privatise it, while Chinese businesses are among the most visible because they are foreign,” he said.
Public opposition to a water bottling plant being built by a Chinese-owned company pushed local authorities to halt the project in March. Photo: Weibo
Some 186,000 Chinese tourists visited the region last year, up 37 per cent from 2017, according to official Irkutsk figures. But while they accounted for about two-thirds of foreign visitors to the Irkutsk region, they made up only about 10 per cent of the 1.7 million tourists who visited last year.
Concern about Chinese investment and development in the region reached a crescendo in March, when public opposition pushed local authorities to halt the construction of a water bottling plant operated by AquaSib, a Russian firm owned by a Chinese company called Lake Baikal Water Industry, based in China’s Heilongjiang province.
The Irkutsk government acted after more than a million people – more than the city’s population – signed a petition calling for the “Chinese plant” to be halted.
Adventures in the frozen wilderness: a Hong Kong man’s trek across icy Lake Baikal
“There were at least 10 problems [around Lake Baikal] that were much more important at that moment, but it was the Chinese plan that was the focus,” Simonov said, noting the nationalism surrounding the lake as a Russian point of pride.
Paul Goble, a Eurasia specialist who has been tracking the issues at Lake Baikal, said stirring up resentment over Chinese encroachment in Siberia and the country’s Far East had long been a government tactic to quell dissent and unite popular opinion.
But he said the new protocols showed Moscow realised that locals – facing the effects of a deteriorating environment including deforestation driven by China’s domestic market demand – may not be satisfied with that explanation.
Chinese Premier Li Keqiang and Russian Prime Minister Dmitry Medvedev exchange documents after talks in St Petersburg on Tuesday. Photo: AFP
“People are angry not at China, as might have been the case a year ago or more, but they are angry at Moscow for not standing up to China and what it’s doing,” he said, pointing to this as the reason the Kremlin tightened environmental controls on the lake.
Concerns about the impact of Chinese activities on Russia’s environment come as the two neighbours are playing up closer diplomatic and economic ties. One of the outcomes of a
between Chinese Premier Li Keqiang and Russian heads of state last week was an agreement to increase bilateral trade to more than US$200 billion over the next five years.
But how that investment could be sustainable for Russia – a key supplier of raw materials needed by China such as oil, gas and timber – remained to be seen, observers said.
Are Chinese tourists the greatest threat to Lake Baikal?
“Our great relationship is going well, but we have not seen the accompanying rise in Chinese foreign direct investment into Russia – that remains very small, despite all the talk,” said Artyom Lukin, an associate professor with the School of Regional and International Studies at Far Eastern Federal University in Vladivostok.
“Russia is not satisfied with that, they would like to see more Chinese money, more Chinese greenfield investment coming into Russia, into more productive areas of the Russian economy, not just into the extraction sector like oil, timber or coal,” he said.
Lake Baikal has been seen as an area that could draw a lot of Chinese investment. Back in 2016 there were reports of a tourism development deal, worth up to US$11 billion, between Russian operator Grand Baikal and a consortium of Chinese firms, according to Russian state media reports.
But so far most development from Chinese businesses has remained at the small and medium scale.
The reasons for that, according to experts, range from the difficulty of competing with powerful local rivals and the need to tread carefully around anti-China sentiment.
However, the burden and liability of complying with environmental standards also kept operations at a smaller scale.
China and Russia: a fool’s errand for Trump to try to come between them
“It’s simpler and easier to operate smaller businesses and facilities, and it’s easier to monitor and manage them,” said Vitaly Mozharowski, a partner at Bryan Cave Leighton Paisner in Moscow, who specialises in environmental law, noting that concerns included management of waste water and garbage.
Meanwhile, big complexes were obvious targets for scrutiny, and that would only increase with the new protocols in place, Mozharowski said. “Any large-scale initiatives would be considered from the very top of the Russian establishment,” he said.
British trade officials’ anxious moments unfounded as £500 million agreement signed
Strong statement on Hong Kong protest by UK Foreign Secretary Jeremy Hunt fails to scupper talks
Chinese Vice-Premier Hu Chunhua (left) and British Chancellor Philip Hammond shake hands at London’s Mansion House. Photo: Reuters
China and Britain have clinched £500 million (US$630 million) worth of deals in a high-profile trip by a Chinese vice-premier to London on Monday, despite fears by British trade officials that the talks might be derailed because of protests in Hong Kong.
Vice-Premier Hu Chunhua and British Chancellor Philip Hammond vowed to work together to protect global trade, but not before officials in Whitehall wondered if the public uproar in Hong Kong would scupper a deal they see as a vital boost amid the Brexit uncertainty.
Hong Kong people took to the streets on two consecutive Sundays to protest against a bill that could allow extraditions from Hong Kong to mainland China. An estimated 2 million people took part in the most recent march on Sunday, calling for the bill to be scrapped altogether.
The anxiety of officials over the trade deal was compounded by a strongly worded statement by Jeremy Hunt, the foreign secretary now vying to be Britain’s next prime minister, who called on the Hong Kong government to “listen to the concerns of its people and its friends in the international community and to pause and reflect on these controversial measures”.
US forced to perform tricky balancing act over Hong Kong extradition bill
But as soon as Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor announced the suspension of the bill, Hunt issued another statement, this time “praising” the decision.
“Whitehall is so concerned about how the two events will affect each other. The foreign office didn’t want to understate the relevance of the Sino-British Joint Declaration, while the Exchequer wanted to make sure the deals would be signed,” a source with knowledge of the ongoing developments told the South China Morning Post.
The job consequently fell to Theresa May – who is entering her final days as prime minister – to raise the issue of Hong Kong with Hu.
Her office did not elaborate on their conversations, but a Conservative Party source said: “I expect her mention of Hong Kong to be minimal and a matter of mere gesture. To infuriate the world’s second biggest economy would be the last thing for a caretaker PM to do.”
Hong Kong has continued to be a subject of interest for foreign leaders following the suspension of the contentious bill that would allow anyone in Hong Kong suspected of mainly serious crimes to be sent to mainland China for trial.
China halts WTO battle over market economy status
US President Donald Trump would touch upon the issue if and when he met Chinese President Xi Jinping during the G20 summit in Japan later this month, US Secretary of State Mike Pompeo said on Sunday.
In the light of the ongoing trade war with the US,
but has been a largely untouched subject since Britain decided to leave the European Union a year later.
While in London, Hu co-chaired the latest China-UK Economic and Financial Dialogue with Hammond. The pair also officiated at the launch of the long-awaited London-Shanghai Stock Connect project, which went live on Monday and enables companies listed in Britain to sell shares in China.
Hong Kong must defend its values to forge an economic future
Under the scheme, Shanghai-listed companies can raise new funds via London’s stock market while British companies can broaden their investor base by selling existing shares in Shanghai.
Britain has hailed the deals with China as a diplomatic success amid the business uncertainties looming over Brexit, with Secretary for International Trade Liam Fox calling the creation of 175 new jobs in Britain “significant wins” for the British market.
Although Britain stopped short of endorsing China’s Belt and Road Initiative, the two countries concluded a memorandum of understanding on infrastructure cooperation in third countries, according to a statement by Britain’s Department of International Trade.
Britain also secured permission from China to export beef by the end of the year at the earliest, ending more than two decades of a Chinese government ban implemented in response to the BSE outbreak.
CHINDIA ALERT: You'll be living in their world, very soon 
South Korean officials call for caution amid reports that North Korean leader Kim is ill
SEOUL (Reuters) – South Korean officials are calling for caution amid reports that North Korean leader Kim Jong Un may be ill or is being isolated because of coronavirus concerns, emphasising that they have detected no unusual movements in North Korea.
At a closed door forum on Sunday, South Korea’s Unification Minister Kim Yeon-chul, who oversees engagement with the North, said the government has the intelligence capabilities to say with confidence that there was no indications of anything unusual.
Rumours and speculation over the North Korean leader’s health began after he made no public appearance at a key state holiday on April 15, and has since remained out of sight.
South Korea media last week reported that Kim may have undergone cardiovascular surgery or was in isolation to avoid exposure to the new coronavirus.
Unification minister Kim cast doubt on the report of surgery, arguing that the hospital mentioned did not have the capabilities for such an operation.
Still, Yoon Sang-hyun, chairman of the foreign and unification committee in South Korea’s National Assembly, told a gathering of experts on Monday that Kim Jong Un’s absence from the public eye suggests “he has not been working as normally”.
“There has not been any report showing he’s making policy decisions as usual since April 11, which leads us to assume that he is either sick or being isolated because of coronavirus concerns,” Yoon said.
North Korea has said it has no confirmed cases of the new coronavirus, but some international experts have cast doubts on that claim.
On Monday, North Korean state media once again showed no new photos of Kim nor reported on his whereabouts.
However, they did carry reports that he had sent a message of gratitude to workers building a tourist resort in Wonsan, an area where some South Korean media reports have said Kim may be staying.
“Our government position is firm,” Moon Chung-in, the top foreign policy adviser to South Korean President Moon Jae-in, said in comments to news outlets in the United States.
“Kim Jong Un is alive and well. He has been staying in the Wonsan area since April 13. No suspicious movements have so far been detected.”
Satellite images from last week showed a special train possibly belonging to Kim at Wonsan, lending weight to those reports, according to 38 North, a Washington-based North Korea monitoring project.
Though the group said it was probably the North Korean leader’s personal train, Reuters has not been able to confirm that independently, or whether he was in Wonsan.
A spokeswoman for the Unification Ministry said on Monday she had nothing to confirm when asked about reports that Kim was in Wonsan.
Last week China dispatched a team to North Korea including medical experts to advise on Kim Jong Un, according to three people familiar with the situation.
Reuters was unable to immediately determine what the trip by the Chinese team signalled in terms of Kim’s health.
On Friday a South Korean source told Reuters their intelligence was that Kim Jong Un was alive and would likely make an appearance soon.
Experts have cautioned that Kim has disappeared from state media coverage before, and that gathering accurate information in North Korea is notoriously difficult.
North Korea’s state media last reported on Kim’s whereabouts when he presided over a meeting on April 11.
Kim, believed to be 36, vanished from state media for more than a month in 2014 and North Korean state TV later showed him walking with a limp.
Source: Reuters
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