30/04/2020

Photo taken on April 30, 2020 shows flower beds to celebrate the upcoming International Labor Day at Tian’anmen Square in Beijing, capital of China. (Xinhua/Ju Huanzong)
Source: Xinhua
Posted in Beijing, capital, China, Flower beds, International Labor Day, seen, Tian'anmen Square, to celebrate, Uncategorized |
Leave a Comment »
28/04/2020
BEIJING (Reuters) – China’s factory activity likely rose for a second straight month in April as more businesses re-opened from strict lockdowns implemented to contain the coronavirus outbreak, which has now paralysed the global economy.
The official manufacturing Purchasing Manager’s Index (PMI), due for release on Thursday, is forecast to fall to 51 in April, from 52 in March, according to the median forecast of 32 economists polled by Reuters. A reading above the 50-point mark indicates an expansion in activity.
While the forecast PMI would show a slight moderation in China’s factory activity growth, it would be a stark contrast to recent PMIs in other economies, which plummeted to previously unimaginable lows.
That global slump, caused by heavy government-ordered lockdowns, as well as the cautious resumption of business in China, suggests any recovery in the world’s second-largest economy is likely to be some way off.
“The recovery so far has been led by a bounce-back in production, however, the growth bottleneck has decisively shifted to the demand side, as global growth has weakened and consumption recovery has lagged amid continued social distancing,” Morgan Stanley said in a note.
“The expected slump in external demand has likely capped further recovery in industrial production.”
The latest official data showed 84% of mid-sized and small business had reopened as of April 15, compared with 71.7% on March 24.
Hobbled by the coronavirus, China’s economy shrank 6.8% in the first quarter from a year earlier, the first contraction since current quarterly records began.
That has left Chinese manufacturers with reduced export orders and a logistics logjam, as many exporters grapple with rising inventory, high costs and falling profits. Some have let workers go as part of the cost-cutting efforts.
A China-based brokerage Zhongtai Securities estimated that the country’s real unemployment rate, measured using international standards, could exceed 20%, equal to more than 70 million job losses and much higher than March’s official reading of 5.9%.
Sheng Laiyun, deputy head at the statistics bureau, said on Sunday migrant workers and college graduates are facing increasing pressures to secure jobs, while official jobless surveys show nearly 20% of employed workers not working in March.
Chinese authorities have rolled out more support to revive the economy. The People’s Bank of China earlier in April cut the amount of cash banks must hold as reserves and reduced the interest rate on lenders’ excess reserves.
Source: Reuters
Posted in 15, 20%, 24, 50-point, 70, above, according, activity, amid, amount, April, banks, began, Beijing, bottleneck, bounce-back, brokerage, Business, businesses, capped, cash, caused, cautious, China, China's, China's economy, China-based, China’s, chinese authorities, college graduates, compared, consumption, contain, continued, contraction, contrast, coronavirus, coronavirus outbreak, cost-cutting, costs, country’s, current, cut, decisively, demand, deputy head, due, earlier, ease, economies, Economists, economy, efforts, employed, equal to, estimated, exceed, excess, expanding, expansion, expected, export orders, exporters, external, facing, Factory, falling, first, first quarter, forecast, from, further, global economy, global growth, global slump, government-ordered, grapple, growth, heavy, high, Hobbled, hold, implemented, increasing, indicates, industrial, Interest rate, international, inventory, job losses, jobless, jobs, lagged, latest, led b, left, lenders,, let, likely, lockdowns, logistics, logjam, lows, manufacturers, Manufacturing, many, March, March’s, Mark, measured, median, mid-sized, migrant workers, million, moderation, month, more than, Morgan Stanley, much higher, nearly, note, off, Official, official data, other, paralysed, part, People’s Bank of China’s, plummeted, PMI, PMIs, polled, pressures, previously, production, profits, purchasing managers’ index (PMI), quarterly, rate, re-opened, reading, real, recent, records, recovery, reduced, release, reopened, reserves, resumption, Reuters, Reuters Poll, revive, rising, rolled out, rose, said, second, seen, shifted, show, showed, shrank, side, since, slight, slump, small business, Social distancing, some way, standards, stark, statistics bureau, straight, strict, suggests, Sunday, support, surveys, Thursday, to fall, to secure, Uncategorized, unemployment, unimaginable, using, weakened, while, workers, world’s second-largest economy, would, year |
Leave a Comment »
26/04/2020
- Blaze that also left 50 people needing hospital treatment broke out in bar that covered nine floors on Sunday morning
- Trapped customers seen climbing onto window sills and calling for help
Firecrews at the scene of the blaze in Taipei. Photo: EPA-EFE
At least three people were killed in a fire in Taipei karaoke bar on Sunday morning, which left 50 others in hospital.
Apart from those declared dead, four other people were in a critical condition and were being treated in a local hospital, the official CNA news agency said.
The fire broke out between 10 and 11am on the fifth floor of a 14-storey building on Linsen North Road in the Taiwanese capital. The bar occupied the first nine floors.
Pictures from the scene showed thick smoke emerging from the building.
Customers trapped on the upper floors were seen calling for help with some even standing on window sills in panic.
Customers were rescued from the upper floors. Photo: AFP
Firefighters used aerial ladders to rescue the trapped people from the upper storey windows. The Taipei city fire department said it dispatched 43 fire engines and 17 ambulances to the scene.
The fire was extinguished at about 11.30am and the search for more survivors was continuing, the department said.
Source: SCMP
Posted in 50, aerial ladders, ambulances, bar, blaze, broke out, calling, climbing, continuing, covered, customers, department, dispatched, extinguished, Fire, fire department, fire engines, Firecrews, firefighters, floors, help, Hospital, killed, left, Linsen North Road, morning, needing, nine, onto, panic, People, scene, search, seen, standing, Sunday, survivors, Taipei, Taiwan, Taiwanese capital, thick smoke, Three, trapped, treatment, Uncategorized, upper floors, window sills |
Leave a Comment »
20/04/2020
BEIJING, April 19 (Xinhua) — China’s National Equities Exchange and Quotations, also known as the “new third board,” saw transactions exceed 26.4 billion yuan (3.67 billion U.S. dollars) so far this year.
From April 13 to 17, turnover on the board reached 1.8 billion yuan. As of Friday, the board had 8,718 listed firms.
Saidian, operator of Bestdo.com, a Chinese online sport service provider, recorded the highest weekly transaction on the board, raising 127 million yuan.
The exchange was launched in early 2013 to supplement the Shanghai and Shenzhen stock exchanges to serve small- and medium-sized enterprises.
It is seen as an easier financing channel for small businesses, with low costs and simple listing procedures.
Source: Xinhua
Posted in "new third board", 2013, amid, April, Beijing, Bestdo.com, billion, board, China's, Chinese, easier, epidemic, exceed, exchange, financing channel, Friday, fund, helps, highest, launched, listed firms, low costs, National Equities Exchange and Quotations, online, operator, raise, reached, recorded, Saidian, seen, serve, Shanghai, Shenzhen, simple listing procedures, small businesses, small- and medium-sized enterprises, SMEs, so far, sport service provider, stock exchanges, supplement, this year, transaction, transactions, turnover, U.S. dollars, Uncategorized, weekly, yuan |
Leave a Comment »
19/04/2020
- Faced with a backlash from the West over its handling of the early stages of the pandemic, Beijing has been quietly gaining ground in Asia
- Teams of experts and donations of medical supplies have been largely welcomed by China’s neighbours
Despite facing some criticism from the West, China’s Asian neighbours have welcomed its medical expertise and vital supplies. Photo: Xinhua
While China’s campaign to mend its international image in the wake of its handling of the
coronavirus health crisis has been met with scepticism and even a backlash from the US and its Western allies, Beijing has been quietly gaining ground in Asia.
Teams of experts have been sent to Cambodia, the Philippines, Myanmar, Pakistan and soon to Malaysia, to share their knowledge from the pandemic’s ground zero in central China.
Beijing has also donated or facilitated shipments of medical masks and ventilators to countries in need. And despite some of the equipment failing to meet Western quality standards, or being downright defective, the supplies have been largely welcomed in Asian countries.
China has also held a series of online “special meetings” with its Asian neighbours, most recently on Tuesday when Premier Li Keqiang discussed his country’s experiences in combating the disease and rebooting a stalled economy with the leaders of the Association of Southeast Asian Nations (Asean), Japan and South Korea.
Chinese Prime Minister Li Keqiang speaks to Asean Plus Three leaders during a virtual summit on Tuesday. Photo: AP
Many Western politicians have publicly questioned Beijing’s role and its subsequent handling of the crisis but Asian leaders – including Philippine President Rodrigo Duterte and Japanese Prime Minister Shinzo Abe – have been reluctant to blame the Chinese government, while also facing criticism at home for not closing their borders with China soon enough to prevent the spread of the virus.
An official from one Asian country said attention had shifted from the early stages of the outbreak – when disgruntled voices among the public were at their loudest – as people watched the virus continue its deadly spread through their homes and across the world.
“Now everybody just wants to get past the quarantine,” he said. “China has been very helpful to us. It’s also closer to us so it’s easier to get shipments from them. The [medical] supplies keep coming, which is what we need right now.”
The official said also that while the teams of experts sent by Beijing were mainly there to observe and offer advice, the gesture was still appreciated.
Another Asian official said the tardy response by Western governments in handling the outbreak had given China an advantage, despite its initial lack of transparency over the outbreak.
“The West is not doing a better job on this,” he said, adding that his government had taken cues from Beijing on the use of propaganda in shaping public opinion and boosting patriotic sentiment in a time of crisis.
“Because it happened in China first, it has given us time to observe what works in China and adopt [these measures] for our country,” the official said.
Experts in the region said that Beijing’s intensifying campaign of “mask diplomacy” to reverse the damage to its reputation had met with less resistance in Asia.
Why China’s ‘mask diplomacy’ is raising concern in the West
“Over the past two months or so, China, after getting the Covid-19 outbreak under control, has been using a very concerted effort to reshape the narrative, to pre-empt the narrative that China is liable for this global pandemic, that China has to compensate other countries,” said Richard Heydarian, a Manila-based academic and former policy adviser to the Philippine government.
“It doesn’t help that the US is in lockdown with its domestic crisis and that we have someone like President Trump who is more interested in playing the blame game rather than acting like a global leader,” he said.
Shahriman Lockman, a senior analyst with the foreign policy and security studies programme at Malaysia’s Institute of Strategic and International Studies, said that as the US had withdrawn into its own affairs as it struggled to contain the pandemic, China had found Southeast Asia a fertile ground for cultivating an image of itself as a provider.
China’s first-quarter GDP shrinks for the first time since 1976 as coronavirus cripples economy
Beijing’s highly publicised delegations tasking medical equipment and supplies had burnished that reputation, he said, adding that the Chinese government had also “quite successfully shaped general Southeast Asian perceptions of its handling of the pandemic, despite growing evidence that it could have acted more swiftly at the early stages of the outbreak in Wuhan”.
“Its capacity and will to build hospitals from scratch and put hundreds of millions of people on lockdown are being compared to the more indecisive and chaotic responses seen in the West, especially in Britain and the United States,” he said.
Coronavirus droplets may travel further than personal distancing guidelines
Lockman said Southeast Asian countries had also been careful to avoid getting caught in the middle of the deteriorating relationship between Beijing and Washington as the two powers pointed fingers at each other over the origins of the new coronavirus.
“The squabble between China and the United States about the pandemic is precisely what Asean governments would go to great lengths to avoid because it is seen as an expression of Sino-US rivalry,” he said.
“Furthermore, the immense Chinese market is seen as providing an irreplaceable route towards Southeast Asia’s post-pandemic economic recovery.”
Aaron Connelly, a research fellow in Southeast Asian political change and foreign policy with the International Institute for Strategic Studies in Singapore, said Asian countries’ dependence on China had made them slow to blame China for the pandemic.
“Anecdotally, it seems to me that most Southeast Asian political and business elites have given Beijing a pass on the initial cover-up of Covid-19, and high marks for the domestic lockdown that followed,” he said.
“This may be motivated reasoning, because these elites are so dependent on Chinese trade and investment, and see little benefit in criticising China.”
China and Vietnam ‘likely to clash again’ as they build maritime militias
The cooperation with its neighbours as they grapple with the coronavirus had not slowed China’s military and research activities in the disputed areas of the
South China Sea – a point of contention that would continue to cloud relations in the region, experts said.
Earlier this month an encounter in the South China Sea with a Chinese coastguard vessel led to the sinking of a fishing boat from Vietnam, which this year assumed chairmanship of Asean.
And in a move that could spark fresh regional concerns, shipping data on Thursday showed a controversial Chinese government survey ship, the Haiyang Dizhi 8, had moved closer to Malaysia’s exclusive economic zone.
The survey ship was embroiled in a months-long stand-off last year with Vietnamese vessels within Hanoi’s exclusive economic zone and was spotted again on Tuesday 158km (98 miles) off the Vietnamese coast.
Source: SCMP
Posted in 10, 13, 15, 16, 17, 18, 1976, 27, 44, 50%, 54, according, across the world, again, against, April, areas, arriving, ASEAN, Asian, Association of Southeast Asian Nations (ASEAN), ASYMPTOMATIC CASES, at, authorities, avoid, ‘mask diplomacy’, battling, Beijing, Beijing’s, biggest, blame, blame game, borders, Britain, build, burnished, cabinet, cases, cautioning, central, central district, chairmanship, China, China's, China’s National Health Commission, Chinese capital, chinese government, Chinese market, City, clinical, closer, closing, coast, coastguard vesse, coastguard vessel, combating, compensate, confirmed, confirmed cases, considered, contain, contention, control, controversial, coronavirus, coronavirus cases, cough, countries, country’s, COVID-19, COVID-19 outbreak, cripples, crisis, criticism, cross infections, Data, day, deadly spread, death toll, deaths, declines, delegations, despite, destabilising, Disease, disputed areas, districts, domestic, down, earlier, eastern, economic recovery, economically, economy, elsewhere, embroiled, epicentre, epidemic, everybody, exclusive economic zones, experiences, eyes, facing, fall, family gatherings, fever, first time, fishing boat, flare-up, foreign policy and security studies programme, Friday, from, GDP, global leader, global pandemic, Government, Guangzhou, Haiyang Dizhi 8, handling, Hanoi’s, Harbin, health commission, Heilongjiang, high-risk, Home, hospitals, However, hubei province, hundreds, imported, imported infections, including, infected, Institute of Strategic and International Studies, interested, International Institute for Strategic Studies, investigations, irreplaceable, Japan, Japanese Prime Minister, Japanese Prime Minister Shinzo Abe, Jiaozhou, km, last, leaders, local, locally, lockdown, low-risk, lowest, mainland, Mainland China, Major, Malaysia’s, March, medical equipment and supplies, medium-risk, miles, military and research activities, millions, months-long, moved, narrative, new, nine, Northeastern, Notably, now, number, off, Official, officials, on guard, outbreak, patients, People, perceptions, Philippine, playing, political, politicians, Post, post-pandemic, pre-empt, Premier Li Keqiang, present, President Trump, prevent, previous, province, provincial capital, provincial government, publicly, published, punished, quarantine, questioned, quickly, quoted, reached, rebooting, rebound, recent, reluctant, remaining, reported, reporting, reputation, research fellow, reshape, resurgence, role, route, Russia, Saturday, saying, scratch, seen, senior analyst, shandong province, shipping data, showed, shrinks, since, Singapore, sinking, Sino-US rivalry, slow, social media, socially, soon enough, South China Sea, South Korea, Southeast Asia, Southeast Asian political change and foreign policy, southern city, spotted, spread, squabble, stalled, stand-off, State Council, statement, stood, stop, subsequent, Suifenhe, Sunday, surge, survey ship, symptoms, tally, task, test positive, Three, Thursday, Total, towards, transmitted, Transparency, travellers, Tuesday, two, Uncategorized, United States, vice governor, vice mayor, Vietnam, Vietnamese, Vietnamese vessels, virtual summit, Virus, Washington, website, weeks, were, Western, within, Wuhan, year |
Leave a Comment »
10/12/2019
- The Battle of Triangle Hill is known in China as a victory against foreign aggressors
- Film’s timing linked to deteriorating relations between Beijing and Washington on multiple fronts
A scene from the 1956 Chinese film Shang Gan Ling, about the Korean war Battle for Triangle Hill, subject of a new film which is about to go into production in China. Photo: Handout
One of the bloodiest battles of the Korean war is the subject of a film that will soon start production in China, in a move which is being linked to surging Chinese nationalism amid poor relations between Beijing and Washington.
The film, based on the Battle of Triangle Hill – also known as the Shang Gan Ling campaign in China – was given the green light by state regulator the China Film Administration in July, but was not reported by Chinese official media until last week.
Hou Jianwei, one of China’s best known war novelists, has been signed on as screenwriter for the film, to be produced by Ao Bo Film Zhejiang which confirmed on microblogging platform Weibo that production was already in “active preparation”.
“More than 100,000 people from the People’s Voluntary Army and forces from the US and South Korea took part in the 43-day fighting, and over 2.4 million shells of ammunition were fired. The battle was unprecedentedly fierce and 40,000 lives were lost,” the film company said in its most recent Weibo post.
“With a multitude of heroes, our army built up an impenetrable barrier in the East.”
China invokes Korean war talks as reason not to bow to US in trade dispute
News of the film has coincided with mounting confrontations between Beijing and Washington on multiple fronts ranging from trade and technology, to Hong Kong and Xinjiang.
Korean war-themed productions have long been a taboo subject for China’s heavily censored film industry, partly because of Beijing’s complicated relations with the US and North Korea.
But the 1950-53 war, in which China and North Korea battled Western forces led by the US, has increasingly become a tool to rally public opinion behind Beijing’s ongoing trade war with the US. Study Times, a Central Party School publication, for example, has directly likened the trade war to the end of the Korean conflict, saying China was determined to oppose US bullying as trade negotiations entered their 17th month.
While Beijing has never given an official account of its decision to join the Korean war, it is often portrayed as a necessary intervention to shield China from US aggression.
The Battle of Triangle Hill has often been presented in China’s official media as a victory by the “volunteers” of the People’s Liberation Army over foreign aggressors.
News of the production has raised avid discussion on Chinese social media, with many seeing the new film as part of China’s efforts to reinforce surging Chinese nationalism in the face of growing pressure from the West.
“Isn’t the approval [to make the film] a strong signal to the West that we are now a strong power?” one Weibo microblogger wrote.
Source: SCMP
Posted in against, Ao Bo Film, Beijing, boost, Central Party School publication, China Film Administration, China’s, foreign aggressors, Hong Kong, Korean, Korean War, Microblogging, nationalism, North Korea, People’s Voluntary Army, platform, poor relations, rare nod, seen, South Korea, Study Times, taboo subject, talks, The Battle of Triangle Hill, trade and technology, trade dispute, Uncategorized, US, victory, war film, Washington, Weibo, Xinjiang, Zhejiang |
Leave a Comment »
22/09/2019
- October 1 event is intended to be a showcase for military’s progress under Xi Jinping, with J-20 stealth fighters set to take pride of place
- Domestically developed weapons are main focus of event despite long-standing problems in building aircraft engines
Chinese J-10 jets perform at the Dubai air show in 2017. Photo: AFP
China has stepped up intensive rehearsals for the upcoming National Day parade, which military insiders say is designed to showcase the achievements of Chinese President Xi Jinping’s modernisation drive.
The parade on October 1 will mark the 70th anniversary of the founding of the People’s Republic and will focus on weapons developed since Xi came to power in late 2012, despite long-standing problems in aircraft engine development.
Video clips circulating on mainland social media in recent days have shown at least seven types of aircraft – including the KJ-2000 airborne early warning and control aircraft and J-10 and J-11B fighter jets – taking part in rehearsals over the countryside around Beijing.
A military insider said the country’s first stealth fighter jet, the J-20, had been rehearsing over the western suburbs of the capital since April.
“There will be up to seven J-20 displayed in the military parade, which is the largest formation since its formal deployment to the Chinese air force in 2017,” the military insider said.
“The J-20 has entered mass production. So far at least 70 J-20s have been made, even though all of them are still equipped with Russian AL-31 engines.”
Earlier this month, the People’s Liberation Army Air Force released a video of a flight of seven J-20s, the largest formation seen so far, suggesting that the fifth-generation warplane has gone into mass production as an arms race with the United States mounts in the region.
The second-largest J-20 formation was shown in an air force video for PLA Day on August 1, when five of the jets were shown.
China has been forced to deploy the J-20 ahead of its schedule since the US has increased the deployment of its fifth-generation stealth fighter jets like the F-22 and F-35s in the Asia-Pacific region.
The US and its allies, including Japan and South Korea, will have more than 200 F-35s by 2025, which means China also needs a similar number of stealth fighters.
To meet demand, China has been working on the development of a purpose-built thrust engine for its stealth fighter since the early 2000s, but has yet to achieve international quality control standards due to problems that include single-crystal turbine blade technology.
China’s air force spreads its wings in 70th anniversary video
Hong Kong-based military commentator Song Zhongping said aircraft engine development had been a long-standing shortcoming but it would not affect the practical fighting capacity of the J-20, which currently uses Russian engines.
“The J-20 hasn’t used the domestic engines so far because it wants a better one, and it still has time,” Song said.
“Other [Chinese-developed] warplanes like the J-10, J-11 and multipurpose attack helicopters are all modified and advanced types, indicating comprehensive achievements amid China’s military modernisation over the past years.”
A Chinese J-20 stealth fighter has entered mass production. Photo: EPA-EFE
Besides the domestically developed aircraft, Beijing is going to display its strategic nuclear missiles, such as the DF-41 intercontinental ballistic missile and the JL-2 submarine-launched ballistic missile, as centrepieces of its National Day military parade, according to a Beijing-based military source.
Xi, who also chairs the powerful Central Military Commission, inspected the country’s biggest military parade at the Zhurihe Combined Tactics Training Base in Inner Mongolia in 2017 to celebrate the 90th anniversary of the PLA, but the source said the weapons displayed in Zhurihe had been developed under the leadership of Xi’s predecessor, Hu Jintao.
“Xi needs to highlight his personal achievements in his era, that’s why this year’s parade has political aims more than military significance,” the source said.
The source also highlighted the significance of the People’s Republic marking its 70th anniversary because the Soviet Union did not survive for that length of time.
“Xi is attempting to tell the outside world that Chinese communist regime has been consolidated under his leadership.”
Source: SCMP
Posted in 70th anniversary, 90th anniversary, Air show, aircraft engines, AL-31 engines, allies, Asia-Pacific region, Beijing, Central Military Commission, Central Military Commission (CMC), China’s air force, Chinese communist regime, Chinese fighter jet, countryside, domestically developed aircraft, Dubai, event, F-22, F-35, founding of the People’s Republic, Hong Kong, Hu Jintao, Inner Mongolia, J-11B fighter jets, J-20 stealth fighter, J-20 stealth fighters, Japan, KJ-2000 airborne early warning and control aircraft, Korea, military parade, multipurpose attack helicopters, National Day, National Day parade, October 1, People’s Liberation Army Air Force, PLA, preparations, pride of place, Russian, seen, single-crystal turbine blade technology, skies, Soviet Union, step up, strategic nuclear missiles, submarine-launched ballistic missile, Uncategorized, US, Xi JinPing, Zhurihe, Zhurihe Combined Tactics Training Base |
Leave a Comment »