Archive for ‘Health care’

17/04/2020

Coronavirus: China oil titan warns of gathering ‘black swan’ risks for Beijing after pandemic

  • Fu Chengyu, the former chairman of China National Offshore Oil Corporation (CNOOC), says hostility towards Beijing will increase after the coronavirus
  • US will try to ‘thwart China’s rise’ and economic fallout from Covid-19 will be worse than the global financial crisis, says Fu
Former Sinopec chairman Fu Chengyu says China will face a more hostile world post coronavirus. Photo: EPA
Former Sinopec chairman Fu Chengyu says China will face a more hostile world post coronavirus. Photo: EPA

The world is set to become more hostile for China after the coronavirus as the risk of “black swan” events gathers for Beijing, a heavyweight in China’s state oil industry has warned, reflecting growing wariness about the geopolitical environment among political and business elites.

Fu Chengyu, the former chairman of both China National Offshore Oil Corporation (CNOOC) and Sinopec Group, painted an ominous picture of increasing antagonism from the United States and damaging unforeseen events, known as black swans, like Covid-19

 at an online symposium organised by business magazine Caijing.
The US would “mercilessly” suppress China in the fields of economics, trade, finance and technology, and Washington was set on taking advantage of the coronavirus pandemic to “forge a less favourable international environment for” the nation, Fu said this week.

“We’ve smelled the odours and new plots against China are in formation,” he said.

After the epidemic, the external environment for our survival will be more severe – Fu Chengyu
“After the epidemic, the external environment for our survival will be more severe … we must prepare for the worst and do our best to achieve the best possible results.”
While Fu has retired from his posts at state companies, he is an influential voice in

China’s oil industry

with decades of experience and contacts in the US petroleum sector.

Fu was a counterpart of Rex Tillerson, who was chairman of ExxonMobil from 2006 to 2017, and served as US State Secretary under President Donald Trump until March 2018.

While at the helm of CNOOC in the early 2000s, he felt political heat from Washington over a US$18.5 billion takeover bid for the American oil company Unocal in 2005, which the company was subsequently forced to withdraw.

China says no evidence to suggest coronavirus virus came from Wuhan’s lab
Speaking at the event in Beijing, Fu said that the coronavirus, which has heightened tensions between Beijing and Washington, will have impacts on global value chains and the world trade landscape for years to come.

“The crisis stemming from the coronavirus pandemic won’t be over in just one or two years … the impact will last longer than the 2008 global financial crisis,” he said.

He added that China would face numerous “black swan” risks in the future.

President Xi Jinping warned in 2019 that China must be on guard for black swan risks as well as “grey rhino” events, referring to an obvious threat that is often neglected.

Geopolitics is getting worse and worse, and we need to be very careful. The US will try various ways to thwart China’s rise, and energy is an important area

To respond to the economic fallout from the coronavirus, China must do more to create a self-sustaining domestic economy, Fu said, and in particular reduce input prices for gas and electricity and boost public services such as health care and education.

“Geopolitics is getting worse and worse, and we need to be very careful,” Fu said. “The US will try various ways to thwart China’s rise, and energy is an important area.”

The US could potentially form a new oil export alliance with Saudi Arabia and Russia to make it possible to cut oil supplies to China, he said.

“China must be prepared for such a scenario, and even when supplies are cut off, we can have some basic self-protection.”

Source: SCMP

02/04/2020

Coronavirus latest: more than 21,000 dead as UN warns of threat to ‘whole of humanity’

  • US$2 trillion rescue package passes US Senate, heads to House
  • Malaysia’s king and queen in ‘self-quarantine’ after staff test positive
Police commandos in Sri Lanka hand out food to homeless people during a nationwide curfew against the spread of coronavirus. Photo: AFP
Police commandos in Sri Lanka hand out food to homeless people during a nationwide curfew against the spread of coronavirus. Photo: AFP

More than three billion people are living under lockdown measures as soaring death tolls in Europe and the US underlined a United Nations warning that the coronavirus, which has now infected nearly half a million people globally, threatens all of humanity.

The global death toll from the virus now stands at more than 21,000, with Spain joining Italy in seeing its number of fatalities overtake China, where the virus first emerged just three months ago.

“Covid-19 is threatening the whole of humanity – and the whole of humanity must fight back,” UN Secretary General Antonio Guterres said, launching an appeal for US$2 billion to help the world’s poor.

“Global action and solidarity are crucial. Individual country responses are not going to be enough.”

The G20 major economies will hold an emergency videoconference on Thursday to discuss a global response to the crisis, as will the 27 leaders of the European Union, the outbreak’s new epicentre.

The economic damage of the virus – and the lockdowns – could also be devastating, with fears of a worldwide recession worse than the financial meltdown more than a decade ago.

Here are the developments:

US$2 trillion rescue package passes US Senate

The US Senate passed the nation’s largest-ever rescue package late Wednesday, a US$2 trillion lifeline to suffering Americans, depleted hospitals and an economy all ravaged by a rapidly spreading coronavirus crisis.

The monster deal thrashed out between Republicans, Democrats and the White House includes cash payments to American taxpayers and several hundred billion dollars in grants and loans to small businesses and core industries. It also buttresses hospitals desperately in need of medical equipment and expands unemployment benefits.

The measure cleared the Senate by an overwhelming majority and was headed next to the House of Representatives, which must also pass it before it goes to President Donald Trump for his signature.

US President Donald Trump has voiced hope the US will be “raring to go” by mid-April, but his optimism appeared to stand almost alone among world leaders.

Unemployment benefit filings by Americans workers to surge to 3.3 million last week – the highest number ever recorded, the Labour Department reported on Thursday.

The normally routine report is at the front lines of the economic crisis caused by the outbreak, which has forced widespread closures of restaurants, shops and hotels, and brought airline travel to a virtual halt, prompting the stunning increase in people filing for benefits nationwide in the week ending March 21.

Nearly every state cited Covid-19 for the jump in initial jobless claims, with heavy impacts in food services, accommodation, entertainment and recreation, health care and transport, the report said.

Malaysia’s king and queen in quarantine after staff test positive

The official residence of Malaysia’s monarchy on Thursday confirmed seven of its staff have tested positive for Covid-19 and are currently receiving treatment at the Kuala Lumpur Hospital.

Malaysia’s king, Sultan Abdullah Sultan Ahmad Shah and queen, Tunku Azizah, have also been tested, but their results showed a clean bill of health, a spokesman for the Istana Negara said in a statement.

“Nevertheless, Their Majesties are now observing a 14-day self-quarantine, starting yesterday, ” he said.

Meanwhile, Prime Minister Muhyiddin Yassin, along with all federal ministers and their deputies, announced they will take a two-month pay cut, with the savings to be donated to Putrajaya’s Covid-19 fund.

The Prime Minister’s Office said the decision was made during a cabinet meeting and showed the government’s sincerity in helping those affected by the pandemic.

“The Covid-19 fund was launched on March 11 as part of the government’s efforts to help those who were affected by the disease outbreak,” the office said, adding that 8.5 million ringgit (US$1.97 million) has been collected, including government grants.

Malaysia on Wednesday announced a two-week extension of a national lockdown as part of stepped-up measures to contain the coronavirus outbreak.

The “movement control order,” which requires people to stay home and was originally set to expire on March 31, will now continue until April 14.

Moscow monitors people in coronavirus quarantine with 100,000 ‘under the skin’ surveillance cameras

Russia to ground international flights

Russia will halt all international flights from midnight on Friday under a government decree listing new measures against the coronavirus outbreak.
The decree published on Thursday orders aviation authorities to halt all regular and charter flights, with the exception of special flights evacuating Russian citizens from abroad.
The announcement came after Russia on Wednesday recorded its biggest daily spike in confirmed coronavirus infections so far, with 163 new cases for a total of 658 across the country.
Denis Protsenko, head doctor of Moscow’s new hospital treating coronavirus patients, told President Vladimir Putin that Russia needed to be ready for an “Italian scenario”, referring to what is now the hardest-hit country in the world in terms of deaths.

Singapore boosts stimulus package to 11 per cent of GDP

Singapore reported 52 new coronavirus cases on Thursday, taking its tally to 683 infections.

The health ministry said that out of the 52, 28 were imported while 24 were locally transmitted.

The city state earlier on Thursday unveiled more than $30 billion in new measures to help businesses and households fight the coronavirus pandemic that threatens to push the bellwether economy into a deep recession.

Drawing on national reserves for the first time since the global financial crisis to support an economy heading for recession, the additional spending will push up the government’s virus-related relief to almost S$55 billion, or 11 per cent of gross domestic product, Finance Minister Heng Swee Keat said in a speech in parliament Thursday. It also will widen the budget deficit for the financial year starting April 1 to 7.9 per cent of GDP, from a previous target of 2.1 per cent.

“This extraordinary situation calls for extraordinary measures,” Heng said. “We have saved up for a rainy day. The Covid-19 pandemic is already a mighty storm, and is still growing.”

Coronavirus: Italy’s slowing infection rate boosts case for lockdowns

26 Mar 2020
‘If you catch it, don’t spread it to others’, 1949 flu advice still applies to coronavirus pandemic

Imported cases rise in China

Mainland China reported a second consecutive day of no new local coronavirus infections as the epicentre of the epidemic Hubei province opened its borders, but imported cases rose as Beijing ramped up controls to prevent a resurgence of infections.

A total of 67 new cases were reported as of end-Wednesday, up from 47 a day earlier, all of which were imported, China’s National Health Commission said in a statement on Thursday.

The total number of cases now stands at 81,285.

The commission reported a total of 3,287 deaths at the end of Wednesday, up six from the previous day.

All of the new patients were travellers who came to China from overseas, with the mainland reporting no locally transmitted infections on Wednesday.

Fearing a new wave of infections from imported cases, authorities have ramped up quarantine and screening measures in other major cities including Beijing, where any travellers arriving from overseas must submit to centralised quarantine.

Coronavirus could become seasonal

There is a strong chance the new coronavirus could return in seasonal cycles, a senior US scientist said Wednesday, underscoring the urgent need to find a vaccine and effective treatments.

Anthony Fauci, who leads research into infectious diseases at the National Institutes of Health, told a briefing the virus was beginning to take root in the southern hemisphere, where winter is on its way.

“What we’re starting to see now … in southern Africa and in the southern hemisphere countries, is that we’re having cases that are appearing as they go into their winter season,” he said.

“And if, in fact, they have a substantial outbreak, it will be inevitable that we need to be prepared that we’ll get a cycle around the second time.

“It totally emphasises the need to do what we’re doing in developing a vaccine, testing it quickly and trying to get it ready so that we’ll have a vaccine available for that next cycle.”

There are currently two vaccines that have entered human trials -one in the US and one in China – and they could be a year to a year-and-a-half away from deployment.

British Columbia is testing for Covid-19 faster per head than South Korea
27 Mar 2020

Spain extends emergency by two weeks

Spain’s parliament has voted in favour of the government’s request to extend the state of emergency by two weeks that has allowed it to apply a national lockdown in hopes of stemming its coronavirus outbreak.

The parliamentary endorsement will allow the government to extend the strict stay-at-home rules and business closings for a full month. The government declared a state of emergency on March 14. It will now last until April 11.

Spain’s government solicited the two-week extension after deaths and infections from the Covid-19 virus have skyrocketed in recent days. Spain 47,600 total cases. Its 3,434 deaths only trail Italy’s death toll as the hardest-hit countries in the world.

The parliament met with fewer than 50 of its 350 members in the chamber, with the rest voting from home to reduce the risk of contagion.

Greece locks down Muslim towns

Greek authorities have quarantined a cluster of Muslim-majority towns and villages in the country’s northeast after several cases and a death from the new coronavirus in the area.

The area in Xanthi prefecture was placed in lockdown as of Wednesday evening as nine people in the region overall have tested positive for the virus over the past six days, civil protection deputy minister Nikos Hardalias told reporters.

“All residents have been temporarily confined at home. No exceptions are allowed,” Hardalias said.

The centre of the outbreak appears to be the small Pomak town of Ehinos, a community of about 2,500.

“Ehinos residents will be provided with food and medicine,” Hardalias said.

Police were deployed on Thursday on a bridge leading into town to enforce the lockdown, television footage showed.

One 72-year-old Ehinos man has died from the virus, local mayor Ridvan Deli Huseyin told Antenna television.

“It’s better to take some measures now than to cry about this later,” said Huseyin, the mayor of the local administrative centre of Miki.

The Pomaks are a Muslim group of Slavic origin who live mainly in neighbouring Bulgaria.

They make up part of Greece’s roughly 110,000-strong Muslim minority in the country’s northeast bordering Turkey.

Many of them work as migrant industrial workers in other European countries.

Economy seats go for business-class fares as travellers flee
27 Mar 2020

Colombia goes into lockdown, Chile extends schools closures

Countries across Latin America tightened measures on Wednesday to halt the spread of the deadly novel coronavirus, with more lockdowns, border closings and school closures as well as increased aid to the region’s poorest.

As cases of Covid-19 cases continue to rise – more than 7,400 and 123 deaths up to now – Bolivia and Colombia became the latest countries to impose a total lockdown, while Chile extended its schools closures until the end of April.

Brazil’s President Jair Bolsonaro has warned of possible “chaos” and the “looting” of supermarkets if state shutdowns ordered by the governors of Sao Paulo and Rio de Janeiro aren’t ended.

Bolsonaro, who has repeatedly scoffed at the severity of the deadly pandemic, had previously criticised the closing of schools and businesses in Sao Paulo and Rio states, two of the country’s most populous states.

Germany ramps up testing, approves huge bailout

Germany has boosted its coronavirus test rate to 500,000 a week, Christian Drosten, who heads the Institute of Virology at Berlin’s Charite University Hospital, said on Thursday, adding that early detection has been key in keeping the country’s death rate relatively low.

Drosten also highlighted Germany’s dense network of laboratories spread across its territory as a factor contributing to early detection.

The news came after Chancellor Angela Merkel’s government secured emergency spending, unlocking a historic rescue package designed to cushion the blow of the coronavirus pandemic.

A majority of lawmakers in the Bundestag voted on Wednesday to allow additional borrowing to combat the crisis, according to the legislature’s president. The Bundesrat, or upper house of parliament, will vote on Friday.

The extraordinary authorisation is part of a packet of legislation aimed at protecting German jobs and businesses. The new borrowing of €156 billion (US$169 billion) is equivalent to half of the country’s normal annual spending.

The country, which tightened lockdown measures this week, has about 32,700 cases and more than 150 deaths.

Trump and Widodo back chloroquine treatment, but fake news is deadly

25 Mar 2020

Ukraine declares ‘emergency situation’

Ukraine on Wednesday declared a month-long “emergency situation” to slow the coronavirus outbreak, as the number of confirmed cases jumped to 113.

Ukraine has already closed schools, universities and public spaces to stem the spread of the disease, but the measures were due to expire at the beginning of April.

The emergency situation announced on Wednesday effectively extends existing measures for 30 days until April 24, a government spokesperson said.

“We are extending quarantine and imposing an emergency situation in Ukraine,” Prime Minister Denys Shmygal said.

Unlike an official state of emergency, the initiative announced by the prime minister does not have to be rubber stamped by both the parliament and president. Ukraine has confirmed 113 cases of Covid-19 and four deaths, according to official statistics.

Prince Charles tests positive for coronavirus

Mexican governor says poor are ‘immune’

The governor of a state in central Mexico is arguing that the poor are “immune” to the new coronavirus, even as the federal government suspends all non-essential government activities beginning Thursday in a bid to prevent the spread of the virus.

Puebla Governor Miguel Barbosa’s comment on Wednesday was apparently partly a response to indications that the wealthy have made up a significant percentage of Mexicans infected to date, including some prominent business executives.

Officials say three-quarters of Mexico’s 475 confirmed cases are related to international travel, and the poor do not make many international trips. Some people apparently caught the virus on ski trips to Italy or the United States. The country has seen six deaths so far.

“The majority are wealthy people. If you are rich, you are at risk. If you are poor, no,” Barbosa said of the coronavirus. “We poor people, we are immune.”

Barbosa also appeared to be playing on an old stereotype held by some Mexicans that poor sanitation standards may have strengthened their immune systems by exposing them to bacteria or other bugs.

There is no scientific evidence to suggest the poor are in any way immune to the virus that is causing Covid-19 disease around the world.

No agreement on ‘Wuhan virus’ name as G7 spars over infection source

26 Mar 2020

Japan belatedly bans entry from Europe, Iran

Japanese Prime Minister Shinzo Abe has established a task force under the country’s revised emergency law to deal with the global rise in coronavirus infections and deaths.

In Tokyo on Thursday, Abe said it was necessary for people to act as one to overcome what can be described as a national crisis.

Japan will ban entry from 21 European countries as well as Iran, to take effect from Friday, he added.

The country has already begun asking visitors and its nationals arriving from some countries in Southeast Asia, the Middle East and Africa to self-quarantine for 14 days.

Arrivals from a total of seven Southeast Asian countries and four in the Middle East and Africa are also asked to refrain from using public transport.

Similar steps are in place for visitors from China, South Korea, most of Europe and the United States.

Malaysia to lock down two communities to curb spread

Malaysia on Thursday announced that 3,570 residents in two communities in the country’s south will be placed under complete lockdown due to their high coronavirus infection rates.

Defence Minister Ismail Sabri Yaakob said in a statement that the residents in Kluang district of Johor state are banned from leaving home for two weeks beginning Friday, to enable the health authorities to conduct door-to-door screening.

The tough measure was taken after 73 per cent of the 83 infection cases found in the district were traced to the two small communities of Kampung Dato Ibrahim Majid and Bandar Baru Dato Ibrahim Majid.

Ismail said the residents cannot leave home, not even to buy food, as the welfare department will supply them with two weeks’ worth of food. All businesses must close and all access into the two areas will be sealed. The police and army have been deployed to ensure compliance.

Australia scraps haircut time limit

The Australian government scrapped a time limit on haircuts following a backlash.

The government had imposed a rule on hairdressers and barbers on Tuesday that haircuts should take less than 30 minutes, as part of social distancing restrictions to deal with the coronavirus outbreak.

The restriction put around 40,000 hairdressers at risk, the Australian Hairdressing Council said in response.

“This decision is outrageous,” the council’s chief executive Sandy Chong said in a statement.

“Whilst many barbers can do a male haircut within that time frame, it really isn’t feasible for a majority of hairdressing salons.”

Australian Prime Minister Scott Morrison issued a statement Thursday saying the policy would be reversed with immediate effect.

But salons and barbers must still strictly observe new rules that there may only be one person per four square metres within the premises, Morrison said.

India unveils US$22.6 billion stimulus package

India’s government announced a 1.7 trillion rupee (US$22.6 billion) stimulus package, as it stepped up its response to the coronavirus pandemic.

The measures will include cash transfers as well as steps on food security, Finance Minister Nirmala Sitharaman said in New Delhi on Thursday, adding that the package will benefit migrant workers.

Asia’s third-largest economy joins countries from the US to Germany that have pledged spending to contain the economic fallout of the pandemic. India is on a total lockdown for three weeks from Wednesday in the world’s biggest isolation effort, as Prime Minister Narendra Modi seeks to prevent the virus from spreading locally.

The government will also provide an insurance cover of 5 million rupees to medical workers, Sitharaman said.

Source: SCMP

12/03/2020

Coronavirus: China should not rely on massive stimulus to overcome ‘unprecedented’ economic slowdown

  • In response to the 2008 global financial crisis, China pumped a 4 trillion yuan (US$575 billion) into its economy but it led to a mountain of local government debt
  • Various early indicators suggest China’s economy will slow in the first quarter of 2020, with some suggestions it will suffer a first contraction since 1976
President Xi Jinping said China must accelerate construction of “new infrastructures such as 5G networks and data centres” on top of speeding up “key projects and major infrastructure construction” in response to the economic impact caused by the coronavirus outbreak. Photo: Xinhua
President Xi Jinping said China must accelerate construction of “new infrastructures such as 5G networks and data centres” on top of speeding up “key projects and major infrastructure construction” in response to the economic impact caused by the coronavirus outbreak. Photo: Xinhua

China should not try to bolster its coronavirus-hit economy by again resorting to a massive debt-fuelled fiscal and monetary stimulus programme, according to a group of government advisers.

Various early indicators suggest China’s economy will slow in the first quarter of 2020, with some even suggesting it will suffer a first contraction since the end of the Cultural Revolution in 1976.

This raises the question if China will miss its key 2020 growth target, with voices on both sides of the debate discussing what stimulus policies are needed to offset the deep impact of the coronavirus.

China is already leaning towards some additional stimulus, with Premier Li Keqiang ordering the central bank pump additional money into the banking system, while President Xi Jinping has announced the need for more spending on “new infrastructure”.

Are there other ways out for China except stimulus policies?Liu Shijin

“Are there other ways out for China except stimulus policies?” rhetorically asked Liu Shijin, who previously worked closely with Vice-Premier Liu He, the top economic aide to Xi, at the Development Research Centre, the think tank attached to the State Council.

“If it really works, why can’t Japan and the United States reach a 5 per cent growth rate?”
It is believed China will need to achieve an average 5.6 per cent growth in 2020 to achieve its goal of doubling the size of its economy from 2010, which is a key goal for

Xi to achieve his target

of creating a “comprehensively well-off” society.

China’s economy grew by 6.1 per cent in 2019, and while it was the slowest in 29 years, the US economy only grew 2.3 per cent, with Japan’s estimated to grow by 0.9 per cent.
What is gross domestic product (GDP)?
Liu Shijin, who is now a deputy head of the China Development Research Foundation and a policy adviser to the People’s Bank of China, argued that a growth rate averaging 5 per cent over the next decade is sufficient for China to meet its development goals.

Growth in 2020, though, may well be below 5 per cent given that the impact of the coronavirus is “unprecedented” and larger than both severe acute respiratory syndrome (Sars) in 2003 and the 2008 global financial crisis.

Xi said earlier this month that China must accelerate construction of “new infrastructures such as 5G networks and data centres” on top of speeding up “key projects and major infrastructure construction already included in state plans” like additional high-speed railway lines in response to the economic impact caused by the coronavirus outbreak.
But as this will mainly rely on corporate and private investment, Liu Shijin feels it will be too small to engineer a major rebound in the growth rate.
When encountering challenges, we should first push forward new reform measures to unleash growth potential. Now is the right timeLiu Shijin
“It’s a different thing compared to real [government-led] economic stabilisation,” Liu Shijin told a web seminar hosted by Peking University’s National School of Development on Wednesday.

“When encountering challenges, we should first push forward new reform measures to unleash growth potential. Now is the right time.”

Instead, to support longer-term growth, China should put its efforts into the development of its “city clusters”, which could lead to higher spending on housing construction, urban infrastructure and manufacturing, added Liu Shijin, which would increase the growth rate by up to an additional percentage point over the next decade.

China has so far refrained from the massive stimulus programme it adopted in 2008 in response to the global financial crisis, which included a 4 trillion yuan (US$575 billion) plan that pumped cheap money into government-backed projects but also created a mountain of local government debt.

Trump bans travel from Europe to the US as coronavirus pandemic hits actor Tom Hanks and the NBA
Zhang Bin, a senior researcher at the Chinese Academy of Social Sciences, said infrastructure construction will remain an important part of any plan to support growth.

“If the funding [for the 4 trillion yuan stimulus] had come solely from treasury bonds or local government bonds [rather than risky lending], there wouldn’t be so much shadow banking, unmanageable credit expansion, high leverage, implicit liabilities or financial risks,” he said.

“If the balance sheets of corporations, households and local governments can’t be repaired, it might lead to insufficient demand and a decline into a vicious [downward] cycle.”

Zhang, like Liu Shijin, is a key member of the China Finance 40 Forum, a group of state economists who advocate more structural reforms to support the Chinese economy. In particular, Zhang has set sights on reforms that would boost consumption, which accounted for 58 per cent of Chinese growth last year.

“The biggest weak link of the Chinese economy is that 200 to 300 million migrant workers can’t [legally] settle in big cities,” he said. “Only if they are able to settle in the city that China can be called a real well-off society. It will also boost the economy, lift demand for manufactured goods and unleashed consumption potential.”
Currently, most large Chinese cities only provide social services including health care and schooling to residents who have a legal permit, or hukou. Most migrant workers who come to the big cities for jobs are blocked from obtaining a hukou, meaning they have to travel back to their rural hometowns to have access to basic social services, so often do not settle in their adopted city.
In response to this idea, Xu Yuan, a professor at Peking University, called for the government to build 10 million affordable housing units annually to accommodate new urban citizens, which would address short-term economic pain and serve the nation’s long-term development.
China will release its annual growth target as well as other key goals, including the fiscal deficit ratio and local bond quota, at the National People’s Congress, although the annual parliamentary convention, previously scheduled for March 5, has been postponed, with a new date yet to be announced.
Source: SCMP
25/05/2019

Feature: Governors compete for investment at China-U.S. Governors Forum

LEXINGTON, the United States, May 24 (Xinhua) — Chinese and U.S. governors gathered here on Thursday, competing to promote their state or province for investment at the Fifth China-U.S. Governors Forum.

“I want to be a little bit more objective. I’ll tell you not what I think, but what U.S. News (and World Report) just said,” said Cyrus Habib, lieutenant governor of the U.S. state of Washington, grabbing the opportunity when he took the podium to present his state. “In the U.S. News ranked states in the United States, they ranked Washington state No. 1 overall.”

The national media U.S. News and World Report published its yearly Best States Rankings on May 14, putting Washington state on top based on several criteria including health care, education, economy and opportunity.

“It is not a coincidence for Washington to get ranked the No. 1 place to do business and the No. 1 place to live,” he said. “I always tell them the key is international relationships … We are the No. 1 exporter per capita of any state in the country.”

“We are the No. 1 source of U.S. imports into China and so our relationship with China is absolutely key central to the success that we have had now economically in terms of trade,” he added.

Dianne Primavera, lieutenant governor of the U.S. state of Colorado, advertised her state by saying “according to the U.S. News and World Report, Colorado is home to the No. 1 economy in the United States.”

“Our business climate is an active mix of knowledge-based industries and entrepreneurial activity that drives successful startups,” Primavera said. “Colorado welcomes the opportunity to do business with China.”

Matt Bevin, governor of Kentucky and host of the event, was also eager to grasp the opportunity to talk about the benefits of his state.

“We have rivers and roads and railways that transect through this state. You can put goods on the Ohio River and take them straight to any port in China,” he said. “We want you here, we want your investment here.”

U.S. state of Tennessee Governor Bill Lee introduced his state as a neighbor of Kentucky, saying “when Kentucky or Tennessee has investment from companies, from countries like China, then we both benefit. We are a regional economy and what is good for one state and our region is good for another state in our region.”

Local Chinese officials also presented their province or municipality.

Mayor of Chongqing Tang Liangzhi said the southwestern Chinese municipality has an important role in regional development and China’s opening-up layout, and that he hopes to cooperate with U.S. states in many fields like intelligent industry, auto manufacturing, and environmental protection.

Liu Guozhong, governor of China’s northwestern Shaanxi Province, deliberated on the long-standing history and culture, as well as the recent tax-cutting policies of his province, hoping to expand cooperation in technological innovation and environmental protection between the two countries.

Chinese and U.S. companies signed three cooperation agreements at the forum on Thursday. Meanwhile, China’s southeastern province of Jiangxi and the U.S. state of Kentucky signed a memorandum of understanding.

Initiated in 2011, the China-U.S. Governors Forum has become an important platform to promote exchanges and cooperation between the local governments of the two countries.

Source: Xinhua

14/01/2019

China to advance poverty alleviation in health care

BEIJING, Jan. 13 (Xinhua) — China will advance poverty alleviation in health care and ensure all medical institutions at county, township and village levels in impoverished areas reach set standards by 2020, according to the National Health Commission.

Hu Qiangqiang, a spokesperson for the commission, said Thursday that high-level hospitals in China will help their county-level counterparts in poor regions with talent building, and each township-level institution will have one general practitioner by 2020.

Telemedicine services will cover all township-level hospitals in poor regions. Screening of breast and cervical cancers for rural women and screening for newborns in poor areas will make further progress, Hu said.

Incentives will also be raised for medical professionals working at grassroots-level hospitals. Individuals who are impoverished by major or chronic diseases could be further compensated, Hu said.

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