Archive for ‘pledges’

08/04/2020

Internet giant Tencent pledges to invest in Wuhan as city emerges from coronavirus lockdown

  • Wuhan, where the first cases of the novel coronavirus were detected, is ending a 76-day lockdown
  • A day before the lockdown was fully lifted, Tencent announces a slew of initiatives focused on helping to revive the digital industry in the city
Passengers leaving Wuhan city are pictured at the Hankou Railway Station in Wuhan city, central China's Hubei province, on Wednesday morning, April 08, 2020. Photo: SCMP/Simon Song
Passengers leaving Wuhan city are pictured at the Hankou Railway Station in Wuhan city, central China’s Hubei province, on Wednesday morning, April 08, 2020. Photo: SCMP/Simon Song
A day before China lifted a months-long lockdown of Wuhan city, the initial epicentre of the coronavirus pandemic, Chinese internet giant Tencent Holdings pledged to invest in digital government, online education and artificial intelligence (AI) in the city, among other fields.
“During the epidemic, Tencent has been supporting Hubei and Wuhan’s fight against the virus through funds and technology,” the company best known for its gaming business said in a statement posted on Tuesday on WeChat. “In the future, we will also fully support Wuhan’s post-pandemic reconstruction and continue to support the development of Wuhan’s digital industry.”
China’s major tech companies have played a big role in the fight against the coronavirus, and are now playing their part in the economic recovery of Wuhan and other areas that have suffered under extended travel restrictions and business closures.
Last week, China’s biggest e-commerce services providers Alibaba Group Holding
JD.com

and Pinduoduo each announced their own initiatives to help revive sales of farm goods from Hubei as the province emerges from its months-long lockdown.

Popular mobile payments app Alipay also created a dedicated section for Wuhan merchants to allow users to buy from merchants in the city, and offered loans to small local merchants in need of financial support, according to an Alipay statement. Alipay is operated by Ant Financial, an affiliate of Alibaba, which owns the South China Morning Post.
How tech has helped China in its public health battle with coronavirus
23 Mar 2020

Wuhan, an industrial powerhouse for the steel, semiconductors and automotive sectors, is emerging from an unprecedented lockdown which began on January 23 and prevented people from moving in and out of the city.

Since restrictions began easing gradually in late March, business activity has shown signs of recovery: Tencent’s mobile payment platform WeChat Pay recorded a 162 per cent increase in offline transactions in a 10-day period from March 25, compared to the same period the previous month, according to a separate statement by Tencent on Wednesday.

Searches for “work resumption certificates” – which businesses need to submit to local authorities to prove their staff can safely restart work – also increased 320 per cent on Baidu, China’s biggest search engine, in the past month, Baidu said in a report on Wednesday.

Tencent declined to provide specific details regarding the size of its latest investment in Wuhan or a timeline for its implementation, but said in the statement that it will involve closer cooperation with city authorities in the areas of digital government, education, smart mobility, AI and cybersecurity to help the city with its digital industries.

Among these initiatives, it will push ahead with a plan to build a headquarters focusing on digital industries in Wuhan, specifically digitalisation for the government and smart city initiatives.

It will also establish a base in Wuhan for its online education initiatives, set up an AI lab and cybersecurity academy and build a school focusing on smart mobility in collaboration with Chinese carmaker Dongfeng Motor Corporation, the company said in the statement.

Source: SCMP

28/03/2020

China’s central bank pledges improved macro-economic control to limit virus fallout

BEIJING, March 27 (Xinhua) — China’s central bank has pledged to improve its macro-economic control to limit the fallout of the novel coronavirus disease (COVID-19) outbreak and better shore up its economy.

The impacts of the epidemic on China’s economy were generally controllable, the People’s Bank of China (PBOC) said in a statement published Friday after a regular meeting of its monetary policy committee, adding that the country’s economy has maintained strong resilience and its economic fundamentals for long-term sound growth has remained unchanged.

In addition to strengthening international macro-economic policy coordination, China will also take innovative approach to improve its macro-economic regulation and pursue a prudent monetary policy with more moderate flexibility, the meeting decided.

“Though the outbreak was basically curbed in the country and production resumption picked up pace, our containment efforts and economic growth face new challenges arising from intensifying downward economic pressure and the virus-hit global economy,” the central bank said.

The PBOC also vowed to utilize multiple policy tools to maintain market liquidity at a reasonably ample level and keep prices stable, while guiding financial institutions to enhance credit support for production resumption, agricultural production, poverty relief and other key areas.

Financial supply-side structural reform will be advanced to establish a modern financial system featuring high adaptability, competitiveness and inclusiveness, the central bank said.

It will further smooth the transmission mechanism of monetary policies and cut the real interest rate of loans to beef up support for real economy, especially for micro and small enterprises and private firms.

The meeting also called more efforts to strengthen coordination among monetary, fiscal, employment and other policies and deepen market-oriented interest rate reform in a bid to buffer the economic blow from the ongoing epidemic outbreak.

Source: Xinhua

25/02/2020

South Korea to launch mass coronavirus testing, U.S. pledges $1 billion for vaccine

SEOUL/BEIJING (Reuters) – South Korea aims to test more than 200,000 members of a church at the centre of a surge in coronavirus cases, as countries stepped up efforts to stop a pandemic of the c that emerged in China and is now spreading in Europe and the Middle East.

More than 80,000 people have been infected in China since the outbreak began, apparently in an illegal wildlife market in the central city of Wuhan late last year.

China’s death toll was 2,663 by the end of Monday, up 71 from the previous day. But the World Health Organization (WHO) has said the epidemic in China peaked between Jan. 23 and Feb. 2 and has been declining since.

However, fast-spreading outbreaks in Iran, Italy and South Korea, and first cases in several Middle East countries, have fed worries of a pandemic, or worldwide spread of the virus.

“We are close to a pandemic, but there is still hope the epidemics in Iran, Italy, South Korea, etc. can be controlled,” said Raina MacIntyre, head of the Biosecurity Programme at the Kirby Institute at the University of New South Wales.

South Korea has the most virus cases outside China and reported its tenth death and 144 new cases, for a total of 977. President Moon Jae-in said the situation was “very grave”.

In Europe, Italy has become a new front line, with 220 cases reported on Monday, up from just three on Friday. The death toll in Italy is seven.

Global stock markets stabilised on Tuesday after a wave of early selling petered out and Wall Street futures managed a solid bounce after a sharp selloff the previous day on fears about the spreading coronavirus.

“If travel restrictions and supply chain disruptions spread, the impact on global growth could be more widespread and longer lasting,” said Jonas Goltermann, senior economist at research consultancy Capital Economics in London.

PUBLIC ANXIETY

About 68% of South Korea’s cases are linked to the Shincheonji Church of Jesus, where the outbreak is believed to have begun with a 61-year-old woman. It is not known how she became infected.

The church said it would provide authorities the names of all its members in South Korea, estimated by media at about 215,000 people. The government would test them all as soon as possible, the prime minister’s office said.

“It is essential to test all of the church members,” it said in a statement. Authorities said they were testing up to 13,000 people a day.

The U.S. and South Korean militaries have said they may cut back joint training due to the virus, in one of the first concrete signs of its fallout on global U.S. military activities.

The disclosure came during a visit to the Pentagon on Monday by South Korean Defence Minister Jeong Kyeong-doo, who said 13 South Korean troops had the virus.

The U.S. military said a woman who tested positive for the virus had visited one of its bases in the hard-hit city of Daegu. It was the first infection connected to U.S. Forces Korea, which has about 28,500 American troops on the peninsula.

The U.S. military urged troops to “use extreme caution” off base, while the U.S. Centers for Disease Control and Prevention said Americans should avoid non-essential travel to South Korea.

IRAN ISOLATION

Outside mainland China, the outbreak has spread to about 29 countries and territories, with a death toll of about three dozen, according to a Reuters tally.

Afghanistan, Bahrain, Iraq, Kuwait and Oman reported their first new coronavirus cases, all in people who had been to Iran where the toll was 14 dead, media said, and 61 infected.

The outbreak threatens to isolate Iran further. The United Arab Emirates, which has 13 virus cases, suspended all flights with Iran for at least a week, state media said.

Iraq extended an entry ban on travellers from China and Iran to those from five other countries over virus fears, its health ministry said.

In Japan, which has reported four deaths and 850 cases mostly linked to a cruise ship, Health Minister Katsunobu Kato said it was too early to talk about cancelling the Tokyo Olympics due to start on July 24.

The United States pledged $2.5 billion to fight the disease, with more than $1 billion going toward developing a vaccine, with other funds earmarked for therapeutics and the stockpiling of personal protective equipment such as masks.

China reported a rise in new cases in Hubei province, the epicentre of the outbreak. But excluding those, China had just nine new infections on Monday, its fewest since Jan. 20.

With the pace of new infections slowing, Beijing said restrictions on travel and movement that have paralysed economic activity should begin to be lifted.

“Low-risk areas … are to restore order in production and life, cancel transport restrictions and help enterprises,” state planner official Ou Xiaoli told a briefing.

Source: Reuters

08/09/2019

Serbian president pledges to advance ties with China to new levels

SERBIA-BELGRADE-ZHANG YOUXIA-SERBIAN PRESIDENT-MEETING

Serbian President Aleksandar Vucic(4th R) meets with Zhang Youxia(3rd L), a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and vice chairman of the Central Military Commission in Belgrade, Serbia on Sept. 6, 2019. (Photo by Li Xiaowei/Xinhua)

BELGRADE, Sept. 7 (Xinhua) — Serbia hopes to enhance mutually beneficial cooperation with China in various fields, including military, to advance bilateral relations to new levels, Serbian President Aleksandar Vucic has said.

Vucic made the remarks on Friday when meeting with visiting vice chairman of China’s Central Military Commission, Zhang Youxia.

Vucic said that history has proved that China is Serbia’s most reliable friend. The Serbian government, people and military support the “one-China” policy as well as China’s stance and proposition in many other issues concerning China’s core interests.

Vucic added that the Belt and Road Initiative has brought many opportunities to the development of Serbia. He said he hopes that the two sides will continue to deepen mutually beneficial cooperation in various fields, including military, to advance bilateral relations to new levels.

Zhang, who is also a member of the Political Bureau of the Communist Party of China Central Committee, said that the traditional friendship between China and Serbia is profound.

He said that China is ready to work with Serbia to consolidate the all-weather friendship between the two countries, promote the quality of their bilateral relations and accelerate the growth of their ties.

Zhang also called for the militaries of the two countries to implement consensus reached between the heads of state of China and Serbia, deepen strategic mutual trust and enhance exchanges and cooperation in bids to promote their links to new height.

During his visit, Zhang also met with Serbian Defense Minister Aleksandar Vulin, and witnessed the signing of a memorandum of understanding on the establishment of a Chinese medicine center in the Serbian Military Medical Academy.

Source: Xinhua

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