Archive for ‘documents’

07/05/2020

Xinhua Headlines: Archaeological findings provide key proof of Chinese civilization origin

— Chinese archaeologists announced significant achievements at the Shuanghuaishu site in central China’s Henan Province, providing key proof of the origin of the over 5,000-year-long Chinese civilization.

— With an area of 1.17 million square meters, the Shuanghuaishu site, dating back to around 5,300 years, is located on the south bank of the Yellow River in the township of Heluo, Gongyi City, and was proposed to be named “Heluo kingdom.”

— A large number of relics of the Yangshao Culture dating back 5,000 to 7,000 years have been discovered at the site.

by Xinhua writers Xu Ruiqing, Wang Ding, Gui Juan, Shuang Rui

ZHENGZHOU, May 7 (Xinhua) — Chinese archaeologists announced Thursday significant achievements at the Shuanghuaishu site in central China’s Henan Province, providing key proof of the origin of the over 5,000-year-long Chinese civilization.

With an area of 1.17 million square meters, the Shuanghuaishu site is located on the south bank of the Yellow River in the township of Heluo, Gongyi City.

The ancient city relic dating back to around 5,300 years ago was proposed by Chinese archaeologists to be named “Heluo kingdom” after its location in the center of the Heluo area, where the Yellow River (known as He in ancient China) and the Luohe River meet.

“The Shuanghuaishu site is the highest-standard cluster with the nature of a capital city discovered so far in the Yellow River basin in the middle and late stage of Yangshao Culture, the early stage of the formation of Chinese civilization,” said Li Boqian, a professor at Peking University, at a press conference on major archaeological discoveries at Shuanghuaishu site held Thursday in Zhengzhou, the provincial capital.

Aerial photo taken on Aug. 27, 2019 shows the Shuanghuaishu site in central China’s Henan Province. (Xinhua/Li An)

A large number of relics of the Yangshao Culture dating back 5,000 to 7,000 years have been discovered at the site, said Gu Wanfa, director of the Zhengzhou Municipal Research Institute of Cultural Relics and Archaeology, at the press conference.

“The important archaeological findings provide key proof of the origin of Chinese civilization, and also prove the representativeness and influence of the Heluo area in the golden stage of the origin of Chinese civilization around 5,300 years ago,” said Wang Wei, a member of the Chinese Academy of Social Sciences.

Since 2013, the Zhengzhou Municipal Research Institute of Cultural Relics and Archaeology and the Institute of Archaeology of the Chinese Academy of Social Sciences have conducted continuous archaeological excavations on the site.

According to archaeologists, the Shuanghuaishu site was about 1,500 meters long from east to west and 780 meters wide from north to south. It was surrounded by three ring trenches with each found to have external access, forming a strict defense system.

Aerial photo taken on Aug. 27, 2019 shows the Shuanghuaishu site in central China’s Henan Province. (Xinhua/Li An)

The central residential area with four rows of houses was found in the northern part of the inner ring moat. Meanwhile, three public cemeteries with more than 1,700 tombs, three sacrificial remains, an astronomical relic, a pottery workshop area, a water storage area, a road system, and other facilities were also discovered at the city ruins.

“The Shuanghuaishu site was a well-selected and scientifically planned settlement site,” said Wang.

“Based on the geographical location and scale, it’s also the only large-scale city settlement discovered so far in the Yellow River basin from the middle and late stage of Yangshao Culture,” Wang added.

Archaeologists believe that the Heluo kingdom was the source of many typical characteristics of Chinese civilization.

Silk originated in China and later became one of the country’s major trade items. “The mulberry-growing and silkworm-raising culture was an important component of Chinese civilization,” said Li.

Among the unearthed relics at Shuanghuaishu, a boar tusk carving of a silkworm, 6.4 cm long, nearly 1 cm wide and 0.1 cm thick, was believed to be China’s earliest carving depicting silkworms.

Undated photo shows a boar tusk carving of a silkworm unearthed at the Shuanghuaishu site in central China’s Henan Province. (Xinhua)

Experts say that the carving depicts a spinning silkworm which is quite similar to modern silkworms in appearance. “The spinning shape of the carving suggests that ancient Chinese people were familiar with the habits of silkworms,” said Gu.

Along with silk fabrics unearthed at the surrounding Wanggou site and Qingtai site, archaeologists said they are solid evidence to prove that the ancient Chinese in the Yellow River basin began raising silkworms and silk production around 5,300 years ago.

“Except Shuanghuaishu and its surrounding settlement sites, there were no definite discoveries from around 5,300 years ago related to the silk textile industry in other parts of the country,” said Li. “In that sense, they are the earliest representatives in the development history of Chinese mulberry cultivation and silkworm-rearing culture.”

Meanwhile, at the astronomical relic at Shuanghuaishu, nine pottery pots were arranged in the pattern of the nine stars of the Big Dipper, which shows that the ancestors of Heluo had relatively mature astronomical knowledge.

Photo taken on April 28, 2020 shows one of nine pottery pots arranged in the pattern of the nine stars of the Big Dipper, at an astronomical relic at the Shuanghuaishu site in central China’s Henan Province. (Xinhua/Li An)

“The relic also indicates the worship of the celestial body may have formed a grand sacrificial ceremony for observing the solar terms and praying for a good harvest,” said Gu.

Experts also believe the astronomical relic and the surrounding sacrificial remains constitute a whole, which is consistent with the records of winter solstice sacrifices in ancient Chinese documents. “It is of great significance to the study of early Chinese astronomy and the origin of Chinese civilization,” added Gu.

Source: Xinhua

04/05/2020

Coronavirus: billionaire Warren Buffett’s prediction for America after Berkshire Hathaway’s US$50 billion loss

  • Buffett’s Berkshire posted a record quarterly net loss of nearly US$50 billion
  • Company sells entire stakes in US airlines, Buffett says ‘world has changed’
Warren Buffett speaks during the virtual Berkshire Hathaway annual shareholders meeting. Photo: Bloomberg
Warren Buffett speaks during the virtual Berkshire Hathaway annual shareholders meeting. Photo: Bloomberg

Billionaire investor Warren Buffett said Saturday he’s confident the US economy will bounce back from its pummelling by the coronavirus pandemic because “American magic has always prevailed”.

The 89-year-old made the sanguine prediction about the world’s largest economy as his holding company Berkshire Hathaway reported first-quarter net losses of nearly US$50 billion.

Buffett also announced Saturday that his company had sold all its stakes in four major US airlines last month, as the pandemic clobbered the travel industry.

“It turns out I was wrong,” he said of his acquisitions of 10 per cent stakes in American Airlines, Delta Air Lines, Southwest Airlines and United Airlines.

Berkshire Hathaway had paid US$7 billion to US$8 billion, and “we did not take out anything like that,” he said.

Between the purchases that took place over months, and the sale, “the airlines business I think changed in a very major way” and could no longer meet Berkshire criteria for profitability, he said.

Buffett’s announcement may further hurt airlines already pushed to the brink by coronavirus lockdown measures, now looking to the US government for US$25 billion in relief funds.

Berkshire Hathaway, based in Omaha, Nebraska, called its first-quarter setback “temporary” but said it could not reliably predict when its many businesses would return to normal or when consumers would resume their former buying habits.

Warren Buffett (left) and vice-chairman Charlie Munger at the annual Berkshire shareholder shopping day in Omaha, Nebraska in 2019. Photo: Reuters
Warren Buffett (left) and vice-chairman Charlie Munger at the annual Berkshire shareholder shopping day in Omaha, Nebraska in 2019. Photo: Reuters
“We’ve faced great problems in the past, haven’t faced this exact problem – in fact we haven’t really faced anything that quite resembles this problem,” Buffett said in a lengthy speech on the country’s economic history.

“But we faced tougher problems, and the American miracles, American magic has always prevailed and it will do so again.”

“We are now a better country, as well as an incredibly more wealthy country, than we were in 1789 … We got a long ways to go but we moved in the right direction,” he said, referencing the abolition of slavery and women’s suffrage.

Warren Buffett has traded his old flip phone for Apple’s iPhone

25 Feb 2020

“Never bet against America.”

Buffett is considered one of the savviest investors anywhere. His fortune of US$72 billion is the fourth-largest in the world, according to Forbes, and in normal years, the company’s annual gathering in Omaha is a high-point of the calendar for investors, a “Woodstock for capitalists”.

But the devastating economic impact of the pandemic has hit hard at Berkshire Hathaway’s wide range of investments, and the need for social distancing forced it to hold the annual meeting online.

Buffett addressed his shareholders in a live-stream flanked only by Gregory Abel, who is in charge of Berkshire’s non-insurance operations.

His business partner for six decades, 96-year-old Charlie Munger, did not appear.

China’s first-quarter GDP shrinks for the first time since 1976 as coronavirus cripples economy
Buffett, in a statement, played down his company’s bleak-looking net figure. He said a better measure of the company’s performance was its operating earnings, which exclude investments and are less subject to sharp fluctuations.
By that measure, Berkshire Hathaway saw growth to US$5.9 billion from US$5.55 billion a year earlier.
The brutal drop in the net – to a loss of US$49.75 billion from a profit last year of US$21.7 billion – resulted primarily from the virus-related decline in value of its broad investment portfolio, which ranges from energy to transport to insurance and technology.
Chinese cryptocurrency billionaire finally sits down to eat with Warren Buffett
7 Feb 2020

The annual meeting often has an almost carnival atmosphere, as thousands of fans and investors flock to Nebraska to hear from the celebrated “Oracle of Omaha”. Buffett, famous for his relatively modest lifestyle, turns 90 on August 30.

In documents filed Saturday, Berkshire noted that until mid-March many of its companies were posting “comparative revenue and earnings increases” over the same 2019 period.

Many of its companies – including in rail transport, energy production and some manufacturing and service businesses – are deemed essential and are able to continue working amid the far-reaching confinement orders.

But their turnover slowed considerably in April, the company statement said.

Moves taken by those companies such as employee furloughs, salary cuts and reductions, and capital spending reductions are “necessary actions” and “temporary,” it said.

Source: SCMP

18/04/2020

Ukraine court rejects Chinese appeal in aerospace deal opposed by United States

  • China’s Skyrizon Aircraft Holdings bought a majority stake in Motor Sich, but the shares were frozen in 2017 pending an investigation by Ukraine’s security service
  • Washington and Beijing have competed for influence in Ukraine since its relations with Moscow soured when Russia annexed the Crimea peninsula in 2014
Chnia’s Skyrizon says it will appeal a Kiev court’s decision to block its purchase of Ukrainian aircraft engine maker Motor Sich. Photo: Getty Images
Chnia’s Skyrizon says it will appeal a Kiev court’s decision to block its purchase of Ukrainian aircraft engine maker Motor Sich. Photo: Getty Images

A court in Kiev has rejected an appeal by Chinese investors to unfreeze the shares of a Ukrainian aircraft engine maker, a setback for the Chinese company that sought to buy the Ukrainian firm in a deal opposed by the United States.

China’s Skyrizon Aircraft Holdings bought a majority stake in Motor Sich, but the shares were frozen in 2017 pending an investigation by Ukraine’s security service (SBU). Washington wants the deal scrapped.

The US and China have competed for influence in Ukraine since its relations with Moscow soured when Russia annexed the Crimea peninsula in 2014.

In its ruling, the court kept the shares frozen, citing the SBU investigation into whether selling Motor Sich sabotages national security by allowing sensitive technology into foreign hands. The ruling was dated March 13, shared with the parties this week.

Skyrizon plans further appeals, said a lawyer involved in the case, speaking anonymously due to the political sensitivity of the case. Zelensky’s office, the US embassy and the Chinese embassy did not respond to requests for comment. Motor Sich and the SBU declined to comment.

Motor Sich severed ties with Russia after the annexation of Crimea. Photo: Wikipedia
Motor Sich severed ties with Russia after the annexation of Crimea. Photo: Wikipedia
Motor Sich severed ties with Russia, its biggest client, after the annexation of Crimea. The wrangle over its future has held up efforts to find new markets, and supporters of a quick resolution say it is now operating at less than half capacity.

“Motor Sich has become a hostage to the geopolitical situation,” former prime minister Anatoliy Kinakh, chairman of an industrial union which has called for the government to resolve the dispute quickly, said.

The state’s anti-monopoly committee has launched its own investigation and says it is waiting to receive more documents before deciding whether to sanction the sale.

President Volodymyr Zelensky’s administration has had to balance strengthening ties to Beijing with keeping the United States, its biggest military aid donor, onside. In recent weeks, Beijing and Washington have both offered aid to Ukraine to fight the coronavirus.

At the moment it is a very difficult task when we have the biggest powers in the world and their interests are in conflict in Ukraine,” Oleksandr Danylyuk, a former top security official under Zelensky, said.

Source: SCMP

29/08/2019

Tolstoy’s War and Peace lands India activist in trouble

Books by Leo Tolstoy, incuding 'War and Peace', are among titles featured at City Lights Bookstore in San Francisco, California.Image copyright GETTY IMAGES

Leo Tolstoy’s War and Peace is in the news in India after a judge asked an activist to explain why he had a book “about war in another country”.

Vernon Gonsalves had appeared in the high court in Mumbai city on Wednesday for a hearing on his bail plea.

The judge’s question sparked a flurry of tweets, with users both outraged and bemused by it.

Five activists, including Mr Gonsalves, were arrested in August 2018 in connection with caste-based violence.

Police raided and searched their homes at the time and submitted a list of books, documents and other belongings to the court. The public prosecutor told the court that police had found “incriminating evidence” in Mr Gonsalves’ home, including “books and CDs with objectionable titles”.

“Why were you having these books and CDs at your home? You will have to explain this to the court,” the judge told Mr Gonsalves.

He also pointed out a CD titled Rajya Daman Virodhi or “in protest against state oppression” saying, “The title itself suggests it has something against the state.”

Police said that all five activists incited Dalits (formerly untouchables) at a large public rally on 31 December 2017, leading to violent clashes that left one person dead. They accused them of “radicalising youth” and taking part in “unlawful activities” which led to violence and showed “intolerance to the present political system”.

The arrests had been criticised by many at the time who saw them as an attack on free speech, and even a “witch hunt” against those who challenged the governing Bharatiya Janata Party (BJP).

So the judge’s question quickly made news and War and Peace was soon trending on Twitter.

The tweets ranged from jokes to shock over the state of India’s judiciary.

Presentational white space

Others wondered how they would fare in a courtroom given what’s on their bookshelf, and some have issued a call out asking people to share books from their own “subversive” collection.

Source: The BBC

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