Archive for ‘Shenzhen’

23/05/2020

Boy who lost a leg in China’s 2008 Sichuan earthquake now dances to inspire

  • Xie Haifeng’s story is one of luck and resilience and he has made it his mission to help others through adversity
  • Professional dancer owes part of his success to the city of Hong Kong and one of its doctors who helped survivors through recovery
Xie Haifeng was 15 when he lost his leg in one of modern China’s most devastating disasters. Photo: Handout
Xie Haifeng was 15 when he lost his leg in one of modern China’s most devastating disasters. Photo: Handout

When the rumbling began, Xie Haifeng thought someone was shaking his bed. Perhaps one of the other 800 children in the school dormitory was being naughty. Or maybe it was a small quake. Then came the unmistakable sound of screams.

Xie, then a 15-year-old pupil at Muyi Town Middle School in the southwestern Chinese province of Sichuan, started running. He fell as the dorm building collapsed around him. When he tried to stand up, he realised something was missing. His left leg was gone.

What Xie thought was a small quake turned out to be one of the most devastating disasters in modern Chinese history.
The Sichuan earthquake of May 2008 left at least 87,000 people dead and shook the country to its core. It was less than three month before Beijing would host its first Olympic Games, an opportunity to show the world its strength and ambition.
Instead, 7,444 schools had crumbled like tofu in an area known to be seismically active. Their rubble was a stark demonstration of the weak foundation of China’s progress and its tragic consequences. At Xie’s school, the shoddily built walls and ceilings crushed 600 children. Only 300 survived.

It still frightens me to recall the earthquake.Xie Haifeng, dancer

Xie considers himself lucky. “If I had run just one second more slowly, I would have been dead. If I had run one second faster, I would have been completely fine. But anyway, I am lucky to be alive,” he said. A dozen years later, his story is also one of resilience. Defying all the odds, Xie is now a professional dancer for a troupe in Sichuan and has made it his mission to help others through adversity.

The journey from his hospital bed to the stage was long and difficult and even though many years have passed, “it still frightens me to recall the earthquake”. But, he said: “I have forgiven fate and accepted the reality that I have only one leg.”

Xie’s trauma was a particularly difficult blow to his family. His older sister was already handicapped, after injuring her arm in an accident. When his mother, a migrant worker in the northwestern province of Gansu, arrived at the hospital a few days after the earthquake, she had no idea of the extent of Xie’s condition.

“When I woke up in the evening, I saw my mother weeping beside my bed. I told myself I should be strong,” Xie said, adding that his mother initially thought he had suffered only bruises. He was sent for treatment to a hospital in the prosperous southern city of Shenzhen, along with other survivors who had been left with disabilities by the earthquake.

Defying all the odds, Xie Haifeng is now a professional dancer. Photo: Handout
Defying all the odds, Xie Haifeng is now a professional dancer. Photo: Handout
It was there that Xie was inspired to make the most of his life. A team of athletes visited the hospital and he was shocked to see one of them, a volleyball player, walking on a prosthetic leg.

Xie began to wear a prosthesis and after rehabilitation training returned to his hometown in 2009 where he was admitted to Qingchuan High School. At first, he was self-conscious and felt inferior to his peers. He did not dare to wear shorts in summer and said he seldom talked to the other students.

The following year he was introduced to members of the Chengdu Disabled People’s Art Troupe, where he found a new and welcoming home. Xie quit school and joined the troupe, despite his parents’ opposition. They were convinced study was the only way for rural students like their son to get out of poverty.

Xie learned Sichuan opera and was soon performing its art of bian lian, or 

face changing

– a skill that requires rapid mask changes in a dazzling sleight of hand – on stage until the troupe was disbanded in 2011, leaving him unemployed for six months.

China marks 10-year anniversary of Sichuan earthquake

But the misfortune led to an improbable opportunity when he was hired by the Sichuan Provincial Disabled People’s Art Troupe and trained to dance. At 19, and with no experience, Xie found the training far more difficult than those who had started at the more usual age of five or six.

His body was too stiff, he said, and in the first months he spent 10 hours each day just stretching and building flexibility. It was just the beginning of a long and often arduous process.

“That agony is too much to be described,” Xie said about the pain of dancing on a prosthetic leg. “During the first six months’ training, I broke three artificial legs.”

More than once, he wondered whether he had chosen the right path. But, ultimately, his gruelling effort paid off and Xie has performed in Singapore, Hong Kong and Macau. In 2013, he won a gold medal at a national dancing competition for people with disabilities.

“My dances won me applause and recognition from the audience. I feel relieved and I think my heart belongs to the stage,” he said.

Xie broke three artificial legs during his first six months of dance training. Photo: Handout
Xie broke three artificial legs during his first six months of dance training. Photo: Handout
Xie said he owed part of his success to Hong Kong which in 2008 donated HK$20 billion (US$2.5 billion) in aid to Sichuan and sent doctors to treat the injured. Among the volunteers was Poon Tak-lun, a Hong Kong orthopaedist who flew to Sichuan every two weeks from 2008 to 2013 to treat patients.
At a gala show in 2013 to express gratitude from the people of Sichuan to Hong Kong, Xie met Poon and the two became good friends, thanks to their common interest in the arts.

“Dr Poon promised to pay for all the costs of installing and repairing my artificial leg in the future. He told me to focus on dancing without worrying about the leg’s costs,” Xie said.

Xie Haifeng (pictured left with friend Poon Tak-lun) gives a speech to students in Hong Kong. Photo: Handout
Xie Haifeng (pictured left with friend Poon Tak-lun) gives a speech to students in Hong Kong. Photo: Handout
Grateful for the help he received from Poon and Hong Kong, Xie has sought to return the favour by doing what he does best.
“I have no other skills except dancing and performing. So I thought of sharing my experience to encourage young students in Hong Kong,” he said.
Xie travels to Hong Kong about twice a year to perform and visit schools. In 2019, he visited the city four times, performing dances and Sichuan opera, and giving speeches at more than 10 primary and secondary schools.
“I encourage them to study hard. I said there are many people in this world who have more difficulties than them but still insist on pursuing their dreams, so they should not give up their dreams,” Xie said.
When he is not dancing and giving inspirational speeches, Xie said he lived a life like everyone else – climbing mountains, swimming and proudly walking on the leg he gained after almost losing everything in Sichuan’s deadly earthquake.
Source: SCMP
17/05/2020

Lufthansa Cargo adds more flights to mainland China, ferrying urgent supplies to Europe

  • There has been strong demand for air freight services since April, when Chinese factories got back to work
  • Cargo flights have become critical in moving protective health equipment across the globe
Planes of German air carrier Lufthansa at the country’s largest airport in Frankfurt. Photo: Reuters
Planes of German air carrier Lufthansa at the country’s largest airport in Frankfurt. Photo: Reuters

German freight carrier Lufthansa Cargo is expanding in China, surpassing 100 weekly flights for the first time, and adding new flights to Shenzhen.

Peter Gerber, CEO of Europe’s largest cargo airline, said there had been heavy demand for its services, though this might cool by the peak of summer.

“At the moment, cargo demand is very, very strong,” he told the Post. “It started to get strong in April, when Chinese industries got back to work, and after that we have seen a constant, heavy demand, a real peak.”

Cathay Pacific and Cathay Dragon report combined HK$4.5 billion loss for start of 2020

15 May 2020
Global air freight capacity has been squeezed as two-thirds of the world’s aircraft have been grounded by the Covid-19 pandemic.
The collapse of air travel has practically put a stop to passenger flights, which typically carry half of all air cargo.

Since the pandemic, cargo flights have been critical in moving protective health equipment across the globe. From sending masks and other supplies to China in February, the German carrier is now taking urgent supplies from the mainland back to Europe.

Peter Gerber says Lufthansa Cargo has a high responsibility in maintaining supply chains, for both global health and world trade. Photo: Handout
Peter Gerber says Lufthansa Cargo has a high responsibility in maintaining supply chains, for both global health and world trade. Photo: Handout
“We have a high responsibility in maintaining supply chains in these unprecedented times for both global health and world trade,” Gerber said.

With the addition of Shenzhen, Lufthansa Cargo will fly to five destinations in China. It serves more than 300 destinations in 100 countries.

The cargo carrier is part of the Lufthansa Group and coordinates all the freight that goes into the passenger planes of its sibling brands, including Lufthansa, Swiss and Austrian.

Coronavirus: South Africa asks Hong Kong to remove its citizens from government quarantine list

16 May 2020

By next week, Lufthansa Cargo will be running more freight flights to China than the 72 passenger flights the group flew weekly before the pandemic to Beijing, Shanghai, Shenyang, Nanjing and Qingdao.

Lufthansa Cargo has a fleet of seven Boeing 777 Freighters (777Fs), with two new 777Fs arriving this year as part of its strategy to operate a fleet with a single aircraft type.

It also has six McDonnell Douglas-11Fs that Gerber said would still be retired as planned at the end of 2020, despite the extra demand for cargo capacity.

Its additional flights to China will make use of “preighters” – passenger aircraft flying cargo only. Gerber felt the trend of using empty passenger planes as “preighters” had peaked, pointing out that they cost the same to operate as freighters but carry only a fraction of the cargo.

Although he did not rule out future expansion, he said: “Demand will gradually come down in the next two or three months because a lot of equipment would have been shipped by then and some shipments will go on rail or ocean shipping.”

Coronavirus: Cathay Pacific could get cash injection from shareholder Qatar Airways

13 May 2020

He said some uncertainty remained over continued demand for airfreighted cargo, given the battered state of the world economy. Airlines would have to consider longer-term demand before deciding to invest more in cargo aircraft. “It depends how it looks beyond the next year,” he said.

Gerber said no decision had been taken yet on whether to convert some of the group’s orders for Boeing’s newest widebody 777X passenger aircraft into cargo planes.

He added that future plane orders would be balanced against the wider needs and spending decisions at Lufthansa Group, which is currently negotiating a government pandemic bailout package in the region of 9 billion (US$9.7 billion).

Source:SCMP

02/05/2020

China plans to send Uygur Muslims from Xinjiang re-education camps to work in other parts of country

  • Inmates who have undergone compulsory re-education programme to be moved to other parts of China under job placement scheme delayed by Covid-19 outbreak
  • Critics have said the camps are a move to eradicate cultural and religious identity but Beijing has defended them as way of boosting job opportunities and combating Islamic radicalisation
Illustration by Perry Tse
Illustration by Perry Tse

The Chinese government has resumed a job placement scheme for tens of thousands of Uygur Muslims who have completed compulsory programmes at the “re-education” camps in the far-western region of Xinjiang, sources said.

The plan, which includes a quota for the numbers provinces must take, was finalised last year but disrupted by the outbreak of Covid-19.

The delay threatens to undermine the Chinese government’s efforts to justify its use of internment camps in Xinjiang.

Critics have said these camps were part of the measures designed to eradicate the ethnic and cultural identity of Uygurs and other Muslim minorities and that participants had no choice but to undertake the re-education programme.

Beijing has repeatedly dismissed these criticisms and said the camps are to give Uygurs the training they need to find better jobs and stay away from the influence of radical fundamentalism.
First Xinjiang, now Tibet passes rules to promote ‘ethnic unity’
17 Feb 2020

Now with the disease under control, the Chinese government has resumed the job placement deal for other provinces to absorb Xinjiang labourers, sources said.

Despite the devastating impact of the disease on its economy and job markets, the Chinese authorities are determined to go ahead with the plan, which they believe would

“demonstrate the success of Xinjiang’s re-education centres policy”

, a source said.

“Excellent graduates were to be taken on as labourers by various inland governments, in particular, 19 provinces and municipalities,” said the source. It is unclear what constitutes “excellent graduates”.

Some sources earlier said that the programme may be scaled back in light of the new economic reality and uncertainties.

But a Beijing-based source said the overall targets would remain unchanged.

“The unemployment problem in Xinjiang must be resolved at all costs, despite the outbreak,” the source said.

The South China Morning Post has learned that at least 19 provinces and cities have been given quotas to hire Muslim minorities, mostly Uygurs, who have “graduated” from re-education camps.

As early as February, when the daily number of infections started to come down outside Hubei province, China already begun to send Uygur workers to their new jobs.

A photo taken in February showed thousands of young Uygurs, all wearing face masks and with huge red silk flowers pinned to their chests, being dispatched to work in factories outside their hometowns.

By the end of February, Xinjiang alone has created jobs for more than 60,000 Uygur graduates from the camps. A few thousand were also sent to work in other provinces.

Many have been employed in factories making toys and clothes.

Xinjiang’s new rules against domestic violence expand China’s ‘extremism’ front to the home

7 Apr 2020

Sources told the Post that the southern city of Shenzhen – China’s hi-tech manufacturing centre – was given a target last year to eventually resettle 50,000 Uygurs. The city is allowed to do this in several batches, with 15,000 to 20,000 planned for the first stage.

Shaoguan, a less developed Guangdong city where a deadly toy factory brawl between Uygurs and Han Chinese broke out in 2009, was also asked to take on another 30,000 to 50,000 Uygur workers.
In Fujian province, a government source also said they had been told to hire “tens of thousands of Xinjiang workers”.
“I heard the first batch of several thousands would arrive soon. We have already received official directives asking us to handle their settlement with care,” said the source.

He said the preparation work includes providing halal food to the workers as well as putting in place stronger security measures to “minimise the risks of mass incidents”. It is not known whether they will be given access to prayer rooms.

There are no official statistics of how many Uygurs will be resettled to other provinces and the matter is rarely reported by the mainland media.

But in March, Anhui Daily, the province’s official newspaper, reported that it had received 1,560 “organised labourers from Xinjiang”.

The Uygur workers on average could earn between 1,200 yuan (US$170) to 4,000 yuan (US$565) a month, with accommodation and meals provided by the local authorities, according to Chinese media reports.

However, they are not allowed to leave their dormitories without permission.

The UN has estimated that up to a million Muslims were being held in the camps. Photo: AP
The UN has estimated that up to a million Muslims were being held in the camps. Photo: AP
Xinjiang’s per capita disposable income in 2018 was 1,791 yuan a month, according to state news agency Xinhua. But the salary level outside the region’s biggest cities such as Urumqi may be much lower.
The official unemployment rate for the region is between 3 and 4 per cent, but the statistics do not include those living in remote rural areas.
Mindful of the potential risks of the resettlement, Beijing has taken painstaking efforts to carefully manage everything – from recruitment to setting contract terms to managing the workers’ day-to-day lives.
Local officials will go to each Uygur workers’ home to personally take them to prearranged flights and trains. On arrival, they will be immediately picked up and sent to their assigned factories.
US bill would bar goods from Xinjiang, classifying them the product of forced labour by Uygurs
12 Mar 2020

Such arrangements are not unique to Uygurs and local governments have made similar arrangements for ethnic Han workers in other parts of China.

After screening them for Covid-19, local governments have arranged for workers to be sent to their workplaces in batches. They are checked again on arrival, before being sent to work.

China is accelerating such placement deals on a massive scale to offset the impact of the economic slowdown after the outbreak.

Sources told the South China Morning Post that the job placement deal was first finalised by governments in Xinjiang and other provinces last year.

The aim is to guarantee jobs for Uygur Muslim who have “completed vocational training” at the re-education camps and meet poverty alleviation deals in the region, one of the poorest parts of China.

The training they receive in the camps includes vocational training for various job types such as factory work, mechanical maintenance and hotel room servicing. They also have to study Mandarin, Chinese law, core party values and patriotic education.

Xinjiang’s massive internment camps have drawn widespread international condemnation.

The United Nations has estimated that up to 1 million Uygur and other Muslim minority citizens are being arbitrarily detained in the camps, which Beijing insists are necessary to combat terrorism and Islamic radicalisation.

Late last year, Xinjiang’s officials announced that all the inmates of these so-called vocational training centres had “graduated” and taken up employment.

Before this labour placement scheme was introduced, it was extremely difficult for Uygurs to find jobs or live and work in inland regions.

The 2009 brawl at the factory in Shaoguan was one of the factors that triggered a deadly riot in Xinjiang’s capital Urumqi, that left 192 people dead and more than 1,000 wounded.

Muslim ethnic minorities, Uygurs in particular, have been subjected to blatant discrimination in China and the situation worsened after the 2009 clashes.

Earlier this month, the Australian Strategic Policy Institute released a report saying more than 80,000 Uygurs had been moved from Xinjiang to work in factories in nine Chinese regions and provinces.

It identified a total of 27 factories that supplied 83 brands, including household names such as Google, Apple, Microsoft, Mitsubishi, Siemens, Sony, Huawei, Samsung, Nike, Abercrombie and Fitch, Uniqlo, Adidas and Lacoste.

‘Psychological torture’: Uygurs abroad face mental health crisis over plight of relatives who remain in Xinjiang

11 Mar 2020

The security think tank concluded that the Chinese government had transferred Uygur workers “under conditions that strongly suggest forced labour” between 2017 and 2019, sometimes drawing labourers directly from re-education camps.

The report also said the work programme represents a “new phase in China’s social re-engineering campaign targeting minority citizens”.

Workers were typically sent to live in segregated dormitories, underwent organised Mandarin lessons and ideological training outside working hours and were subject to constant surveillance, the researcher found.

They were also forbidden from taking part in religious observances, according to the report that is based on open-source documents, satellite pictures, academic research and on-the-ground reporting.

Chinese foreign ministry spokesman Zhao Lijian criticised the report saying it had “no factual basis”.

Source: SCMP

29/04/2020

Coronavirus: China risks local government debt surge as Beijing tries to spur economic growth

  • Concerns are rising that China is repeating its mistake of a decade ago by pursuing short-term debt-fuelled economic growth at the cost of long-term sustainability
  • Local governments are stepping up spending on infrastructure projects in a bid to offset the slowdown caused by the coronavirus outbreak and subsequent lockdowns
Construction of high-speed railways, motorways and airports is an old tactic that Beijing dusted off after the pandemic led to a 6.8 per cent economic contraction in the first quarter. Photo: Xinhua
Construction of high-speed railways, motorways and airports is an old tactic that Beijing dusted off after the pandemic led to a 6.8 per cent economic contraction in the first quarter. Photo: Xinhua

China’s huge stockpile of local government debt, one of the biggest “grey rhino” risks threatening the Chinese economy’s future, is set to rise steeply as local authorities rush to increase capital spending to help offset the damage caused by the coronavirus outbreak.

As Beijing discusses increasing the central government budget deficit and monetary policy easing to spur economic growth, many local governments see the situation as a golden opportunity to realise their investment ambitions, fanning concerns that China is repeating its mistake of a decade ago by pursuing short-term debt-fuelled economic growth at the cost of long-term sustainability.
In one of the latest investment drives, the southeastern province of Fujian announced on Sunday that it had signed contracts for 391 new projects with a combined investment value of 783.6 billion yuan (US$110.6 billion). Projects undertaken by central government-owned companies, which received significant lending support in the first quarter, accounted for more than half of the promised investment in Fujian, some 92 projects worth 424.5 billion yuan.
The landlocked eastern province of Anhui is also planning 2,583 new projects this year at a cost of 450 billion yuan, a third of which have been created in the last two weeks.
Construction begins for major sea crossing to link Shenzhen and Zhongshan in Greater Bay Area
In addition to work on existing construction projects, costing around 850 billion yuan, the province has also prepared a list of 3,300 reserve projects with a total investment value of 5.4 trillion yuan (US$762 billion) which could theoretically be started at any point in the future, pending government approval and funding support.

“The most powerful and effective way to offset the economic slowdown is to increase the size of investments,” Wang Qikang, an official with the Anhui economic planning office said on Friday. “[We] must quicken the pace of construction, working day and night to win back the lost time [from the coronavirus lockdowns].”

Construction of high-speed railways, motorways and airports is an old tactic that Beijing dusted off after the pandemic led to a 6.8 per cent economic contraction in the first quarter.

Infrastructure construction has already been hit hard amid the lockdowns, plunging 19.7 per cent in the first three months of the year compared to a year earlier.

Many [local governments] are still striving to achieve a high growth rate without the guidance of a national [gross domestic product] target – Liu Xuezhi

“The investment stimulus mindset has hardly been eradicated at the local level,” said Liu Xuezhi, a senior researcher with the Bank of Communications in Shanghai. “In particular, many [local governments] are still striving to achieve a high growth rate without the guidance of a national [gross domestic product] target.”

Before the start of the coronavirus outbreak, Beijing was thought to be targeting a

growth rate

of around 6 per cent this year after achieving 6.1 per cent in 2019, although many local governments appear to be setting their own annual targets still using the original expected goal as a guide.

However, that target was never made public because the meeting of the

National People’s Congress (NPC)

scheduled for early March, where the growth target would normally have been released, was postponed due to the virus.

The government announced on Wednesday that the NPC will be held from May 22, when a new, likely lower, growth target could be announced.
China’s first-quarter GDP shrinks for the first time since 1976 as coronavirus cripples economy
International rating agency Moody’s warned that greater infrastructure spending would result in higher debt for regional and local governments, increasing their financial risks amid a sharp slowdown in tax revenues.

“Such investments are less likely to be a main support measure [chosen by Beijing] now given the government’s focus on avoiding a rapid increase in leverage and asset price inflation,” Moody’s analysts Michael Taylor and Lilian Li said on Tuesday.

At the end of March, local government debt stood at 22.8 trillion yuan (US$3.2 trillion), according to the Ministry of Finance. But implicit liabilities, which are hidden in local financing vehicles, state firms and public-private partnership projects, are believed to be much larger, with some estimates pointing towards an additional debt of over 30 trillion yuan.

Chinese central bank governor Yi Gang, along with other officials, have already warned against excessive economic stimulus, saying it would add risks to China’s financial system.

A key risk is that local governments are front-loading China’s long-term investment plan, especially in the railway sector, with more than 357 railway projects proposed by local governments.

Shandong province, for example, is preparing to build four new railway lines, including the Shandong portion of a second high-speed railway between Beijing to Shanghai.

“There is still a chance for infrastructure investment growth to hit 10 per cent if the government releases 2 trillion yuan (US$282 billion) in funding through local special purpose bonds and special treasury bonds,” said Haitong Securities’ chief economist Jiang Chao on Monday.

However, a local government debt monitoring report issued on Tuesday by the National Institution of Finance and Development warned that China’s local government fiscal situation is worsening rapidly as expenses surge and revenues drop.

“All levels of local governments in China will face huge debt repayment pressure in five years,” warned Yin Jianfeng, deputy director of the Beijing-based think-tank.

Source: SCMP

23/04/2020

McDonald’s, Starbucks, Subway among foreign firms set to test China’s digital currency

  • Test in Xiong’an, the new city being built south of Beijing, will focus on everyday goods and services for the first time
  • American food outlets to be included in the digital currency tests, conducting small transactions with local firms
American chains Starbucks, McDonald’s and Subway were named on the People’s Bank of China’s list of firms that will test the digital currency in small transactions with 19 local businesses. Photo: Bloomberg
American chains Starbucks, McDonald’s and Subway were named on the People’s Bank of China’s list of firms that will test the digital currency in small transactions with 19 local businesses. Photo: Bloomberg

China’s central bank has accelerated the testing of its new sovereign digital currency and, for the first time, will include some foreign consumer brands in the programme.

American chains Starbucks, McDonald’s and Subway were named on the People’s Bank of China (PBOC)’s list of firms that will test the digital currency in small transactions with 19 local businesses.
The global names will be joined by local hotels, convenience stores, a stuffed bun shop, a bakery, a bookstore and a gym, according to details revealed at a promotional event in the Xiong’an New Area, a city being built south of Beijing, news portal Sina.com reported.
The inclusion of businesses providing everyday goods and services marks an expansion of the PBOC’s testing. It follows a previous disclosure that last week in Suzhou the digital currency was used to pay half public sector workers’ travel subsidies for May.
Is China a currency manipulator?
Wednesday’s promotional event was organised by the local branch of the National Development and Reform Commission, the powerful planning agency, and attended by representatives of the Big Four state-owned banks and two of the country’s internet giants – Alibaba and Tencent.

China has not released a timetable for launching the digital yuan, but last week’s reports on new testing have fanned speculation that it could be imminent.

The tests were reportedly accelerated after Facebook launched its Libra project in June last year, an attempt to create a global digital currency pegged to a basket of currencies and backed by global commercial giants.

The Libra Association, the consortium managing the project, announced changes last week in an attempt to win regulatory approval and pave the way for an official launch sometime later this year. The consortium said it would create multiple digital units tied to existing currencies such as the US dollar or the euro, rather than a single token based on a basket of currencies.

China’s official digital currency, known as Digital Currency Electronic Payment (DCEP), came into the public spotlight last week when a screenshot of a test version of an app developed by the Agricultural Bank of China circulated online.

The digital currency app has several basic functions, similarly to other Chinese online payment platforms such as Alipay and WeChat Pay – the country’s two most popular online payment tools – allowing users to make and receive payments, and transfer money.

“It’s certain that the DCEP is now in its final testing stage and should be officially launched,” BlockVC, an investment firm, said in a research note.

The PBOC’s digital currency research institute confirmed last Friday that testing was being conducted in four cities: Shenzhen, Suzhou, Xiong’an and Chengdu. In addition, venues for the 2022 Winter Olympics in Beijing and Zhangjiakou will join the testing programme in the future.

What is the Hong Kong Dollar Peg?
The institute, which was inaugurated in 2017, said that the test versions and applications of the currency had not been finalised.

The project testing is based on two principles: the central bank issues the virtual money to commercial banks who then pass it on to consumers, and that is aimed at replacing cash in all transactions.

China is the first major economy to publicly announce plans for a sovereign digital currency, aiming to better control the rapid rise of digital payments worldwide.

The PBOC has, however, cracked down on the trading of other digital currencies and banned banks from accepting cryptocurrencies, which it views as a risk to financial stability.

Source: SCMP

20/04/2020

China’s “new third board” helps SMEs raise fund amid epidemic

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

20/04/2020

Coronavirus: Chinese Super League team return home to Wuhan after 104 days abroad

Fans greated the team as they arrived in Wuhan via train
Fans greeted the team as they arrived in Wuhan via train

Chinese Super League team Wuhan Zall made an emotional homecoming after being unable to return for three months because of the coronavirus pandemic.

Players had initially stayed at their winter training camp in Spain when the virus peaked in Wuhan in January.

After a prolonged transit in Germany, they landed in Shenzhen on 16 March and underwent three weeks’ quarantine.

They were greeted by fans when they arrived in Wuhan by train on Saturday evening.

“After more than three months of wandering, the homesick Wuhan Zall team members finally set foot in their hometown,” the team said on the Twitter-like Weibo.

Fans, dressed in the team’s orange colours, sang and gave the players flowers as they arrived home for the first time in 104 days.

Players will now spend time with their families before training resumes.

The team had first left Wuhan in early January to start preparing for the Super League season.

By the time they arrived in Malaga, residents in Wuhan were living under strict lockdown measures, and there were no planes or trains in or out of the capital.

Coach Jose Gonzalez told Spanish media at the time that the players “are not walking viruses, they are athletes” and asked for them not to be demonised.

The Chinese Super League was set to begin on 22 February but it has been postponed.

Wuhan raised its official Covid-19 death toll by 50% on Sunday, adding 1,290 fatalities.

Source: The BBC

06/04/2020

My Money: ‘People have started leaving their houses again’

Jen Smith in a maskImage copyright JEN SMITH
Image caption Jen Smith lives in Shenzhen, where it’s compulsory to wear a mask outside at all times

My Money is a series looking at how people spend their money – and the sometimes tough decisions they have to make. Here, Jen Smith, a children’s TV presenter from Shenzhen in southern China, takes us through a week in her life, as the country slowly emerges from the coronavirus pandemic.

Over to Jen…

Monday

Since being in lockdown I’ve been bingeing on Keeping Up With the Kardashians. It starts with one episode after dinner, blink, and suddenly it’s 3am. YouTube, Facebook, Google and Instagram are all banned here, so you’d think I’d be a binge-free socialite after a year and a half living in China. Well, those sites are banned unless you have a VPN – I pay $120 (£97) a year for mine, so Sunday was a late night, with a lie-in until 10.30 this morning.

I go for a run – mask and all, as it’s currently illegal to be outside without one. I make my coffee (bought in the UK), fruit smoothie (about 20 yuan, $2.82, £2.27) and cereal (80 yuan a packet) before cycling to work.

Today is a bit of a crazy day in the studio. I work as a children’s TV presenter. My company has profited from the lockdown as more children are watching the shows non-stop – meaning a rapid turnaround for us.

We shoot two shows from 2-6pm then “break” for a meeting. We discuss tomorrow’s shoot while I eat dinner – homemade aubergine curry. It is normal for the Chinese to eat breakfast, lunch and dinner at work. Normally the company gives all staff 25 yuan through a food-ordering app, and the whole company would eat together. However, because of the current social distancing, that social time is in the far distant past!

I make it home for 8pm, order some deep-fried cauliflower as a snack (45 yuan) and start the inevitable Kardashian binge.

Total spend: 65 yuan ($9.10, £7.37)

Tuesday
Workers napping in the officeImage copyright JEN SMITH
Image caption Workers often have a midday nap in the office

It’s a much earlier start (7.30am), but the same morning routine. On my cycle to work I notice that the traffic is almost back to normal – Shenzhen is inhabited by well over 12 million people, so as you can imagine rush hour is intense. This doesn’t change the fact that everywhere you go you have to scan a QR code – leaving my apartment, using the walkway by the river, and getting into the building I work in.

After a morning of shooting I eat homemade potato curry and settle down for a nap. Naptime is such a commonality in China that people store camp beds at the office. I order a coffee and banana chips (20 yuan) for a pick-me-up before the afternoon’s shooting.

It’s St Paddy’s Day so I head to the local pubs area, catch dinner at a French restaurant (222 yuan), then a few drinks (25 yuan – mainly bought by men at the bar for us) before a very tipsy cycle home.

Total spend: 242 yuan ($34, £25)

Disposable cover for lift buttonsImage copyright JEN SMITH
Image caption A disposable cover reduces the risk of transmitting the virus by touching lift buttonsPresentational white space
Wednesday

The morning’s shoot (thankfully) was cancelled, so I nursed a hangover in bed until around 11am, at which point I had a phone meeting for a company that I do “plus-size” modelling for (for context I’m a UK size 12). I eat a bowl of cereal and order more cauliflower (45 yuan) while I watch a film.

At 2.30pm an intern picks me up, and we head to the government building to apply for a new work visa. Ironically, the image taken for my visa is Photoshopped to remove wrinkles, freckles and my frizzy hair. When I ask why this is being done for an identification document, the intern replies that the government wants it to be neat, and “the Chinese way” is to have altered photos.

I don’t argue, and have an interview before I hand in my passport. The whole process takes around two hours, so I order food to my house while on the way home (150 yuan for burger, salad and cake!) I take a taxi across town which ends up being 39.05 yuan.

Total spend: 234.05 yuan ($33, £27)

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My Money

More blogs from the BBC’s My Money Series:

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Thursday

The day starts at 8.30am with coffee and reading, before I get a manicure (280 yuan). My nail lady has been very worried about the state of my hands during the virus, so she spends a whopping two and a half hours treating them while I watch a film (0.99 yuan – bought by her). Because the manicure was so long I don’t have time to eat lunch before our fitness shoot, which runs from 2-5.30pm. I then have an appointment to sign into a building which I’ll shoot in tomorrow.

The building is near a supermarket called Ole (one of the only western supermarkets), and I pick up groceries for 183 yuan before heading home to cook, listen to podcasts and prep for the big day of shooting on Friday.

Total spend: 463 yuan ($64, £52.5)

Jen Smith filming a TV show in front of a green screenImage copyright JEN SMITH
Image caption Jen filming in front of a green screen – a more colourful digital background will be added later in post-production
Friday

Fridays are generally my busiest day. The way the Chinese seem to function, is a boss will say “I want this done now” and then employees rush to finish it. Generally, they will write scripts on Monday and Tuesday, discuss Wednesday, then we shoot later in the week. The poor editors, despite mandatory office hours during the week, then have to work tirelessly through the weekend to achieve a Sunday evening deadline.

I start with mashed avocado and a hard-boiled egg before work. The morning shoot runs from 9.30-11.40am, and I have an early lunch – homemade curry again, before my regular nap time. The afternoon shoot is three hours, so I have time to pop home and shower before a live stream at 6pm. I take a taxi to and from the live stream which ends up being 28 yuan.

Total spend: 28 yuan ($3.92, £3.18)

Plastic sheeting attached to car seats in a taxiImage copyright JEN SMITH
Image caption A taxi driver has improvised a screen to reduce the risk of picking up Covid-19 from a passenger
Saturday

Finally the weekend! Although things are slowly getting better in China after the coronavirus outbreak, there’s still not too much to do. So I use this time to write, play my piano and generally chill inside. Around 3pm, I venture outside to the shops to pick up some snacks (159.60 yuan) before settling in to ring my family back in the UK with a homemade cocktail – a friend of mine in Canada is doing a daily live stream, “quarantinis” where he teaches you how to make cocktails!

What’s interesting is that a lot of people have started leaving their houses again, but it is still illegal to go outside without a mask on, and temperature checks are taken everywhere. I was even refused entry to a building due to being foreign. I imagine this is because recently the only new cases are being brought in by non-Chinese travelling back to China.

Total spend: 159.60 yuan ($22, £18)

Jen Smith in front of an empty Metro stationImage copyright JEN SMITH
Image caption Shenzhen’s Metro system is still very quiet
Sunday

It’s another slow day for me as many foreigners have not yet returned to China, so most of my friends are out of the country. I start the day by reviewing potential scripts.

This takes me to 1.30pm without realising I haven’t eaten. I decide to go for a quick run and I return to eat mashed avocado and a hard-boiled egg.

I home-bleach my hair with products bought in the UK, then head back to editing again. About half way through the afternoon I take a little break to practice Chinese. I use an app which is fantastic and free! Definitely worth everyone downloading this during social distancing so you can learn new skills!

For dinner I order online again, a three-dish meal for 160 yuan.

Total spend: 160 yuan ($22.4, £18)

Overall weekly spend: 1352 yuan ($189, £153)

Source: The BBC

04/04/2020

Coronavirus: China mourns Covid-19 victims with three-minute silence

Media caption A day of remembrance is held in China to honour those who have died in the coronavirus outbreak

China has mourned the victims of the coronavirus outbreak by observing a three-minute silence, bringing the nation to a halt.

A day of remembrance was declared in China on Saturday to honour the more than 3,300 people who died of Covid-19.

At 10:00 local time (03:00 GMT), people stood still nationwide for three minutes in tribute to the dead.

Cars, trains and ships then sounded their horns, air raid sirens rang as flags were flown at half-mast.

The first cases of coronavirus were detected in the Chinese city of Wuhan in Hubei province late last year.

Since then, the virus has swept the globe, infecting more than one million people and killing nearly 60,000 in 181 countries.

In Wuhan, the epicentre of China’s outbreak, all traffic lights in urban areas were turned red at 10:00, ceasing traffic for three minutes.

China’s government said the event was a chance to pay respects to “martyrs”, a reference to the 14 medical workers who died battling the virus.

People stop and pay their respects in Wuhan, 4 April 2020Image copyright GETTY IMAGES
Image caption China came to a standstill during the three-minute silence at 10:00 local time

They include Li Wenliang, a doctor in Wuhan who died of Covid-19 after being reprimanded by the authorities for attempting to warn others about the disease.

“I feel a lot of sorrow about our colleagues and patients who died,” a Chinese nurse who treated coronavirus patients told AFP news agency. “I hope they can rest well in heaven.”

Wearing white flowers pinned to their chest, Chinese President Xi Jinping and other government officials paid silent tribute in Beijing.

Saturday’s commemorations coincide with the annual Qingming festival, when millions of Chinese families pay respects to their ancestors.

China first informed the World Health Organization (WHO) about cases of pneumonia with unknown causes on 31 December last year.

By 18 January, the confirmed number of cases had risen to around 60 – but experts estimated the real figure was closer to 1,700.

Police officers and officials stop and pay their respects during a three minutes of silence to mourn those who died in the fight against the pandemicImage copyright GETTY IMAGES
Image caption China’s government said the commemoration was held to pay respects to “martyrs”

Just two days later, as millions of people prepared to travel for the lunar new year, the number of cases more than tripled to more than 200 and the virus was detected in Beijing, Shanghai and Shenzhen.

From that point, the virus began to spread rapidly in Asia and then Europe, eventually reaching every corner of the globe.

Media caption The BBC met people in Beijing heading out after the lockdown

In the past few weeks, China has started to ease travel and social-distancing restrictions, believing it has brought the health emergency under control.

Last weekend, Wuhan partially re-opened after more than two months of isolation.

On Saturday, China reported 19 new confirmed cases of coronavirus, down from 31 a day earlier. China’s health commission said 18 of those cases involved travellers arriving from abroad.

As it battles to control cases coming from abroad, China temporarily banned all foreign visitors, even if they have visas or residence permits.

What is the latest worldwide?

As the coronavirus crisis in China abates, the rest of the world remains firmly in the grip of the disease.

In the US, now the global epicentre of the outbreak, the number of deaths from the disease jumped to 7,152 on Friday, according to data collated by Johns Hopkins University.

The deaths increased by 1,480 in 24 hours, the highest daily death toll since the pandemic began, AFP news agency reported, citing Johns Hopkins University’s case tracker.

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As of Friday, there were 277,953 confirmed cases of coronavirus in the US, a rise of more than 32,000 in 24 hours.

Meanwhile, deaths continue to climb in Italy and Spain, the second and third worst-affected countries in the world.

Map showing number of cases in Europe
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In Italy, deaths increased by 766 on Friday, bringing the total to 14,681. In Spain, the death toll stood at 10,935, a rise of 932 in the past day.

However, there was a glimmer of hope for both countries, as the downward trend in the rate of new cases continued.

In other global developments:

02/04/2020

Shenzhen becomes first Chinese city to ban eating cats and dogs

A cat waiting to be adopted looks out of its cage at the Royal Society for the Prevention of Cruelty to Animals (RSPCA)Image copyright GETTY IMAGES
Image caption Most Chinese people don’t actually consume dogs and cats and never plan to

Shenzhen has become the first Chinese city to ban the sale and consumption of dog and cat meat.

It comes after the coronavirus outbreak was linked to wildlife meat, prompting Chinese authorities to ban the trade and consumption of wild animals.

Shenzhen went a step further, extending the ban to dogs and cats. The new law will come into force on 1 May.

Thirty million dogs a year are killed across Asia for meat, says Humane Society International (HSI).

However, the practice of eating dog meat in China is not that common – the majority of Chinese people have never done so and say don’t want to.

“Dogs and cats as pets have established a much closer relationship with humans than all other animals, and banning the consumption of dogs and cats and other pets is a common practice in developed countries and in Hong Kong and Taiwan,” the Shenzhen city government said, according to a Reuters report.

“This ban also responds to the demand and spirit of human civilization.”

Animal advocacy organisation HSI praised the move.

“This really could be a watershed moment in efforts to end this brutal trade that kills an estimated 10 million dogs and 4 million cats in China every year,” said Dr Peter Li, China policy specialist for HSI.

However, at the same time as this ruling, China approved the use of bear bile to treat coronavirus patients.

Bear bile – a digestive fluid drained from living captive bears – has long been used in traditional Chinese medicine.

The active ingredient, ursodeoxycholic acid, is used to dissolve gallstones and treat liver disease. But there is no proof that it is effective against the coronavirus and the process is painful and distressing for the animals

Brian Daly, a spokesman for the Animals Asia Foundation, told AFP: “We shouldn’t be relying on wildlife products like bear bile as the solution to combat a deadly virus that appears to have originated from wildlife.”

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A wildlife market

In February, Chinese authorities banned the trade and consumption of wild animals.

The move came after it emerged that a market in Wuhan selling wild animals and wildlife meat could have been the starting point for the outbreak of the new coronavirus, providing the means for the virus to travel from animals to humans.

News of this led the Chinese government to crack down strongly on the trade and on the markets that sold such products.

Covered market in ShenzhenImage copyright GETTY IMAGES
Image caption File photo of a wet market in China

There are now close to one million confirmed cases of the virus worldwide, and more than 47,000 deaths, according to a Johns Hopkins University tally.

In China alone, there are 81,589 confirmed cases and 3,318 deaths, said the National Health Commission.

Scientists and researchers are still no closer to finding out what the source of the virus is and how it could have spread to humans.

Source: The BBC

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