Archive for ‘Social & cultural’

05/02/2020

Airbus halts output at Tianjin assembly plant due to coronavirus

PARIS (Reuters) – Airbus (AIR.PA) has prolonged a planned closure of its final assembly plant in Tianjin, China, as a result of the coronavirus emergency, the planemaker said on Wednesday, adding it was monitoring for any signs of impact on deliveries.

It appears to be the first significant impact on aerospace production since the coronavirus outbreak, whose death toll has risen to nearly 500.

Airbus has said it is planning to raise output from the plant to six A320-family aircraft a month, just over 10% of Airbus narrowbody production, in early 2020 from a previous rate of four.

“The Tianjin final assembly line facility is currently closed,” Airbus said in a statement.

“Airbus is constantly evaluating the situation and monitoring any potential knock-on effects to production and deliveries and will try to mitigate via alternative plans where necessary.”

Industry sources said the Tianjin plant had been closed along with many businesses over the Chinese New Year but was due to reopen at the end of January.

The reopening has been suspended due to the virus outbreak hitting the logistics involved in keeping the line open.

Tianjin is one of two Airbus aircraft final assembly lines outside Europe, alongside a sister plant in Mobile, Alabama.

Source: Reuters

01/02/2020

India steps up farm support, offers tax cuts to revive faltering growth

NEW DELHI (Reuters) – India sought to boost growth in a federal budget on Saturday that raised spending on farms and expressways and offered cuts in personal taxes, but the measures fell short of market expectations and battered stocks.

Prime Minister Narendra Modi’s government is grappling with the country’s worst slowdown in a decade, with falling employment, consumption and investment ratcheting up the pressure to revive growth.

The government estimates growth this year to March 31 will slip to 5%, the weakest pace since the global financial crisis of 2008-09. It also warned an expected rebound the following year might entail a blow-out in fiscal deficit targets.

Finance Minister Nirmala Sitharaman, presenting the budget for the financial year beginning April 1, said 2.83 trillion rupees ($39.8 billion) will be allocated toward agriculture and allied activities, up 5.6 percent on the previous year.

The funds will be deployed to help farmers set up solar power generation units as well as establish a national cold storage system to transport perishables.

Sitharaman also vowed to spend $50.7 billion in coming years on a federal water scheme to address challenges facing one of the world’s most water-stressed nations.

Agriculture accounts for near 15% of India’s $2.8 trillion economy and is a source of livelihood for more than half of the country’s 1.3 billion population.

Sitharaman announced a new personal tax system including cuts for those ready to give up a myriad of tax breaks. She also abolished payment of dividend distribution tax by companies to spur investment.

“People have reposed faith in our economic policy,” Sitharaman said to the thumping of desks in parliament. “This is a budget to boost their income and enhance their purchasing power.”

Opposition parties slammed the budget, saying it had failed to address the slowdown in consumer demand and investment. “The government is in complete denial that the economy faces a grave macro economic challenge,” said former finance minister P. Chidambaram.

But higher government spending has put pressure on public finances, prompting caution from rating agencies. Sitharaman said the fiscal deficit for the current year would widen to 3.8% of GDP, up from 3.3% targeted for the current year.

Gene Fang, associate managing director, sovereign risk at Moody’s, said: “India’s 2020/21 budget highlights the challenges to fiscal consolidation from slower real and nominal growth, which may continue for longer than the government forecasts.”

GOVERNMENT SPENDING

For fiscal 2020/21 Sitharaman set the fiscal deficit at 3.5 percent. Moody’s said India’s government debt is already significantly higher than the average for Baa-rated sovereigns, a product of persistent fiscal deficits.

To help finance government spending, Sitharaman set a target for selling stakes in state firms at 2.1 trillion rupees for 2020/21, more than three times the amount expected this year.

She said the government will sell a part of its holding in state-run Life Insurance Corp, the country’s biggest insurance company.

But many experts said the measures did not go far enough to address the slowdown and structural flaws.

“In a normal scenario this budget would have been considered as good providing tax benefit to the common man, corporate and focus on farmers’ incomes, but the situation required more,” said Vinod Nair, head of research at Geojit Financial Services in Kochi.

Indian shares slid to a more than three-month low after a special trading session on Saturday, dented by what analysts said was a lack of sufficient stimulus measures. The NSE Nifty 50 index .NSEI closed 2.5% lower while the benchmark S&P BSE Sensex .BSESN fell 2.4%

“Markets had very high expectations from the budget … these expectations have not been met,” said Deepak Jasani of HDFC Securities.

The government also announced higher duties on a host of imports from walnuts to phone parts. Taxes on imports of pre-assembled printed circuit boards were raised to 20% from 10% and there were new taxes on mobile phones ringers and display panels in a bid to boost local manufacturing.

In its annual economic report released on Friday the government predicted growth would rebound to 6.0% to 6.5% in the fiscal year beginning April 1.

Some economists say global trade tensions and the outbreak of coronavirus in China pose a new risk to economic recovery by hitting cross-border commerce and supply chains.

Source: Reuters

26/01/2020

India, Brazil sign 15 accords to deepen ties across range of sectors

(Reuters) – India and Brazil have signed 15 accords aimed at forging closer ties between the two emerging market giants across a range of sectors, especially defence, both countries’ leaders tweeted on Saturday.

Indian Prime Minister Narendra Modi and Brazilian President Jair Bolsonaro took to social media to hail the closer cooperation and agreements struck during Bolsonaro’s official visit to India.

“Several agreements signed in ​​infrastructure, justice, science and technology, agriculture, oil exploration, mining, health, culture and tourism,” Bolsonaro tweeted, adding: “The world’s confidence in Brazil is back!”

For his part, Modi tweeted: “India and Brazil are focussing on expanding cooperation in the defence sector,” adding that the two countries share “immense synergies” on several key issues such as the environment and fighting terrorism.

Separately, Brazil’s foreign minister Ernesto Araujo tweeted that the 15 accords signed by the two countries represent a move “against the structures of globalist thought”.

“Brazil is rising to be a great among the greats,” he tweeted.

Source: Reuters

25/01/2020

French citizens to be bused out of Wuhan to escape coronavirus, consulate says

  • Evacuation plan outlined in email as diplomats look for ways to protect foreign nationals
  • Paris earlier reports three cases on its soil – the first to be identified in Europe
The French consulate in Wuhan is planning to evacuate French nationals from the city to escape the deadly coronavirus. Photo: AFP
The French consulate in Wuhan is planning to evacuate French nationals from the city to escape the deadly coronavirus. Photo: AFP
Foreign diplomats in Wuhan are scrambling to assess the situation in the coronavirus
-plagued city, with French officials planning to evacuate French nationals trapped by the Chinese government’s lockdown.
The plan would allow French people who want to leave Wuhan, the capital of Hubei province, to travel by bus to Changsha in neighbouring Hunan province, according to an email seen by the South China Morning Post.
“The consulate general, in collaboration with local authorities, plans to set up a bus service to allow French nationals … and their Chinese and foreign spouses and children to travel from Wuhan to Changsha,” it said.
The email, sent by the French consulate, also asked anyone who received it to pass the notice on to other French nationals. It was not clear which bodies received the email and the date of the planned evacuation was not specified.

The consulate could not be reached for comment on Saturday.

France, the United States, Britain and South Korea all have consulates in Wuhan, according to China’s foreign ministry.

The South Korean consulate said in a post on its website that it would suspend all visa applications “indefinitely until further notice”.

A diplomatic source said several foreign embassies in China were considering plans to evacuate their nationals from Wuhan.

First coronavirus case ‘had no links to seafood market’

25 Jan 2020

It is not known how many foreigners remain in the city, which has a population of about 11 million and has been under a government-imposed lockdown since Thursday morning.

French Foreign Minister Jean-Yves Le Drian said in a statement on Friday that Paris was monitoring the crisis and “can increase the power [to respond] if necessary”.

There have so far been three confirmed cases of the new coronavirus in France, in Paris and Bordeaux.

French Foreign Minister Jean-Yves Le Drian said on Friday that Paris was monitoring the crisis in China. Photo: AFP
French Foreign Minister Jean-Yves Le Drian said on Friday that Paris was monitoring the crisis in China. Photo: AFP
The US said earlier that most of its consulate staff and their families had been pulled out of Wuhan.

An emailed inquiry to the British consulate in the city received only an automated reply, saying: “Wuhan is now in crisis mode. We may not be able to answer your emails for some time.”

The consulate would be closed for the Lunar New Year holiday until January 31, it said.

Meanwhile, British citizen Kharn Lambert told the BBC on Thursday how he had been “trapped” in Wuhan.

The PE teacher said he was afraid to leave his house for fear of catching the deadly virus.

“If you saw the street behind me at night time where I normally live … if I show you out there now, it’s dead,” he said.

More than 1,280 confirmed cases have been reported across China, of which more than 700 were in Hubei, according to local government figures released on Saturday.

The death toll in Hubei stands at 39, with two other fatalities reported in the provinces of Hebei and Heilongjiang.

Tens of millions of people in Hubei are effectively on lockdown since a travel ban was imposed on most of the province.

Flights, trains, buses and ferries connecting Wuhan to other cities in Hubei have been suspended. Rail authorities in Wuhan, which is a hub for several major high-speed lines, said operations at 61 stations and more than 400 train services had been suspended until further notice.

Source: SCMP

24/01/2020

Chinese zodiac 2020: All you need to know about the year of the rat

Rats are quick-thinking, optimistic, and adaptable, which gives them the edge in 2020’s rat race. Read our infographic to see why.

In Chinese culture, rats are used to symbolise wealth and surplus. Traditionally married couples would pray to these rodents hoping some of their reproductive success would rub off on them. Rats are found all over the world and regarded in the Chinese zodiac as being smart and nimble with plenty of vitality and enterprising spirit.

Personality

People born in Rat years are said to share some of these characteristics. Being optimistic and energetic they win over many friends. They are kind but can be poor communicators, which means they can inadvertently seem brash. They are not the reticent people they might seem, and although they are very excitable they can control their high spirits but will fight for their beliefs whatever the circumstances.

Financially they like saving and can be stingy. However, their love for hoarding will sometimes cause them to waste money on unnecessary things.

Rat year elements

Each zodiac sign is associated with one of the five elements, contributing to different personality types.
Independent and imaginative, those born in Rat years thrive as authors, and artists. Attention to fine detail makes Rats ideal for scrupulous work, such as editors. They are also known for their stubborn streak which makes them ideally suited as civil rights activists.
Alert but often lacking courage, Rats are usually discouraged from becoming entrepreneurs or taking on leadership and political positions. Although Rats make good financial decisions, investing with close friends invariably causes money problems, and can ruin friendships.
Source: SCMP
24/01/2020

China shuts part of Great Wall as virus toll hits 26

BEIJING, China (Reuters) – China ramped up measures to contain a virus that has killed 26 people and infected more than 800, suspending public transport in 10 cities, shutting temples over the Lunar New Year and even closing the Forbidden City and part of the Great Wall.

The week-long holiday to welcome the Year of the Rat began on Friday, raising fears the infection rate could accelerate as hundreds of millions of people travel to their homes and abroad in what is usually a festive time of year.

The World Health Organisation (WHO) has declared the new coronavirus an emergency for China but stopped short of declaring the epidemic of international concern.

While most of the cases and all of the deaths have been in China, the virus has been detected in Thailand, Vietnam, Singapore, Japan, South Korea, Taiwan and the United States. It was likely Britain also had cases, a health official said.

The newly identified coronavirus has created alarm because it is too early to know just how dangerous it is and how easily it spreads between people.

Symptoms include fever, difficulty breathing and coughing.

Most of the fatalities have been elderly, many with pre-existing conditions, the WHO said.

Cases are likely to continue to rise in China but it is too soon to evaluate the severity of the virus, a WHO spokesman said on Friday.

As of Thursday, there were 830 confirmed cases and 26 people had died there, China’s National Health Commission said.

In Wuhan, where the outbreak began last month, pharmacies were running out of supplies and hospitals were flooded with nervous resident seeking medical checks.

“There’s so much news, so much data, every 10 minutes there’s an update, it’s frightening, especially for people like us in a severely hit area,” Lily Jin, 30, a resident of the city, told Reuters by phone.

GRAPHIC: The spread of a new coronavirus – here

Reuters Graphic

MORE RESTRICTIONS

While restrictions have already been put in place in cities across the country to curb the outbreak, China will take stricter and more targeted measures, state television reported citing a state council, or cabinet, meeting on Friday, but gave no further details.

“The spread of the virus has not been cut off … Local authorities should take more responsibility and have a stronger sense of urgency,” state broadcaster CCTV said.

Most cases have been in Wuhan, where the virus is believed to have originated in a market that traded illegally in wildlife. Preliminary research suggested it crossed to humans from snakes.

The city of 11 million people, and neighboring Huanggang, a city of about 7 million, were in virtual lockdown.

Nearly all flights at Wuhan’s airport had been canceled, and airports worldwide have stepped up the screening of passengers from China.

Checkpoints blocked the main roads leading out of town, and police checked incoming vehicles for wild animals.

Wuhan was rushing to build a 1,000-bed hospital for the infected by Monday, the official Changjiang Daily reported.

About 10 people got off a high-speed train that pulled into Wuhan on Friday afternoon but nobody got on before it resumed its journey. Although it stopped there, Wuhan had been removed from the train’s schedule.

“What choice do I have? It’s Chinese New Year. We have to see our family,” said a man getting off the train who gave his family name Hu.

CHINA EMERGENCY

The WHO said on Thursday it was a “bit too early” to designate the outbreak a public health emergency of international concern, which would require countries to step up their response.

Some experts believe the virus is not as dangerous as the one that caused the 2002-03 outbreak of Severe Acute Respiratory Syndrome, which also began in China and killed nearly 800 people, or the one that caused Middle East Respiratory Syndrome, which has killed more than 700 people since 2012.

There is no known vaccine or particular treatment.

“There is some work being done and there are some trials now for MERS (vaccines). And we may look at some point whether those treatments and vaccines would have some effect on this novel coronavirus,” WHO spokesman Tarik Jasarevic said on Friday.

Gilead Sciences Inc said it was assessing whether its experimental Ebola treatment could be used. Meanwhile, three research teams were starting work on vaccines, the Coalition for Epidemic Preparedness Innovations said.

In the meantime, Chinese authorities have imposed restrictions on movement and gatherings to try to stem the spread. It has advised people to avoid crowds and 10 cities in the central province of Hubei, where Wuhan is located, have suspended some transport, the Hubei Daily reported.

Some sections of the Great Wall near Beijing will be closed from Saturday, state media said.

Some temples have also closed, including Beijing’s Lama Temple where people make offerings for the new year, have also been closed as has the Forbidden City, the capital’s most famous tourist attraction.

Shanghai Disneyland will close from Saturday. The theme park has a 100,000 daily capacity and sold out during last year’s Lunar New Year holiday.

The virus is expected to dent China’s growth after months of economic worries over trade tensions with the United States, unnerving foreign companies doing business there.

Shares in luxury goods firms have suffered from the anticipated drop in demand from China, and on Friday French spirits group Remy Cointreau said it was “clearly concerned” about the potential impact.

Source: Reuters

22/01/2020

Xi Focus: Xi extends Chinese New Year greetings to all Chinese

CHINA-YUNNAN-XI JINPING-INSPECTION TOUR (CN)

Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, beats a wooden drum of the Wa ethnic group three times to bless the coming year in Sanjia Village in the city of Tengchong, southwest China’s Yunnan Province, Jan. 19, 2020. Xi has extended Chinese New Year greetings to all Chinese people during a three-day inspection tour to Yunnan Province which concluded Tuesday. (Xinhua/Ju Peng)

KUNMING, Jan. 21 (Xinhua) — Chinese President Xi Jinping has extended Chinese New Year greetings to all Chinese people.

He wished Chinese people of all ethnic groups a better life and the country greater prosperity in the new year.

Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks during a three-day inspection tour of southwest China’s Yunnan Province which concluded Tuesday.

During a visit to Sanjia Village in the city of Tengchong on Sunday afternoon, Xi learned about poverty alleviation efforts and called for efforts to speed up the development of ethnic minorities and areas with large ethnic minority populations.

After joining local villagers in making rice cakes, a traditional local festival food, Xi noted that shaking off poverty is the new starting point, calling for vigorously promoting rural vitalization after China completes the building of a moderately prosperous society in all respects.

According to local custom, Xi beat a wooden drum of the Wa ethnic group three times to bless the coming year.

Later that day, Xi went to the old town of Heshun, a gateway on the ancient Southern Silk Road, where he visited a village-level library built over 90 years ago.

Visiting the memorial hall of Ai Siqi, a renowned philosopher, Xi said the country needs a large number of talented individuals who can explain the adaptation of Marxism to the Chinese context well and who can use easy-to-understand language to spread the Party’s new theories to more ordinary households.

Visiting an ecological wetland of Dianchi Lake in Kunming on Monday, Xi stressed resisting the old way of developing the economy at the cost of the environment.

Dianchi Lake, once among the most polluted lakes in China, has seen its ecology greatly improved after years of conservation efforts.

Inspecting market supply for Chinese New Year at the Kunming International Convention and Exhibition Center, Xi demanded a sufficient supply of safe and reliable goods during the festival.

There, Xi extended Chinese New Year greetings to local residents, the Chinese people of all ethnic groups, compatriots in Hong Kong, Macao and Taiwan, and overseas Chinese nationals.

Xi then went to the former site of the National Southwest Associated University in Kunming. He stressed the close link between education and the fate and future of the country and noted that the goal of China’s education system is to nurture a new generation of capable young people who are well-prepared to join the socialist cause.

After hearing the work reports of the CPC Yunnan Provincial Committee and the provincial government on Tuesday morning, Xi encouraged Yunnan to break new ground in promoting ethnic unity and progress, pushing forward ecological conservation, and pursuing greater cooperation with South Asia and Southeast Asia.

Xi urged efforts to promote high-quality development, accelerate building a modernized economy, consolidate the achievements in poverty alleviation, boost the healthy and sustainable development of tourism, while continuing to fight air, water and soil pollution.

He also required further opening-up to neighboring countries, speeding up the building of connectivity networks and strengthening cultural and people-to-people exchanges.

Xi demanded efforts to strengthen governance capacity in border areas and areas with large ethnic minority populations, implement the plans to boost the development of ethnic minority areas and ethnic groups with small populations, step up the fight against cross-border crime, gangs and their “protective umbrellas,” and maintain the stability of border areas.

On the anti-poverty fight, Xi ordered focusing on areas with extreme poverty, preventing people from falling back into poverty due to illness, injury or the lack of follow-up policies, and further aligning developmental poverty relief with protective poverty relief.

On Party building, Xi said the “staying true to the Party’s founding mission” campaign should be regarded as a lifelong task for strengthening Party building among all Party members and a source of inspiration in the new era.

Source: Xinhua

20/01/2020

Xi visits Yunnan on inspection tour ahead of Chinese New Year

CHINA-YUNNAN-XI JINPING-INSPECTION (CN)

Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, visits a village of the Wa ethnic group to extend his Chinese New Year’s greetings to the villagers in Qingshui Township of the city of Tengchong, southwest China’s Yunnan Province, Jan. 19, 2020. Xi visited Yunnan Province Sunday on an inspection tour ahead of Chinese New Year. (Xinhua/Ju Peng)

KUNMING, Jan. 19 (Xinhua) — Xi Jinping, general secretary of the Communist Party of China Central Committee, visited southwest China’s Yunnan Province Sunday on an inspection tour ahead of Chinese New Year.

Xi went to a village of the Wa ethnic group in Qingshui Township of the city of Tengchong Sunday afternoon to learn about poverty alleviation efforts and extend his Chinese New Year’s greetings to the villagers.

He also visited the old town of Heshun, a gateway on the ancient Southern Silk Road that linked China’s Sichuan and Yunnan with Myanmar and India, to learn about exchanges, historical and cultural inheritance, as well as ecological and environmental protection along the trade route.

Source: Xinhua

27/12/2019

Exhibition on Confucian culture opens in Beijing

BEIJING, Dec. 27 (Xinhua) — An exhibition featuring Confucian culture kicked off at the National Museum of China Friday.

The exhibition displays more than 700 pieces of cultural relics, documents and artworks related to Confucian culture in four sections to reveal the life and thoughts of Confucius, the development and spread of Confucianism, as well as artworks themed around Confucius.

An educator and philosopher, Confucius (551-479 BC) founded a school of thought, deeply influential on later generations, known as Confucianism. He was also the first to set up private schools in China that enrolled students from different social classes.

The exhibition will last until March 27.

Source: Xinhua

22/12/2019

Economic Watch: Smart economy fledging in China as AI empowers industries, individuals

BEIJING, Dec. 21 (Xinhua) — Ask the silver-haired residents of the elderly care community Yinheyuan in central Beijing what they know about artificial intelligence (AI), and they will probably throw the question to the smart speakers within their reach.

These smart speakers, capable of interacting with users with voice-recognition technologies, are also part of the answer. Via voice command, senior residents can control lights, TVs and other home appliances, order food or ask for help.

AI is no longer a technical term used exclusively by professionals in China. Both young and old are enjoying the benefits of the growing smart economy.

After personal computers (PC), PC internet and mobile internet, the growth focus of China’s digital economy is shifting to smart technologies like AI, said Baidu Chairman and CEO Robin Li at the World Internet Conference in October.

In the smart economy era, Li predicted a declining reliance on cellphones and a rising popularity of other smart devices. AI chips, cloud computing services, among others, would become the new digital infrastructure, while innovative businesses will flourish as transport, health, education and other sectors go smart.

Wearable devices, smart home appliances, autonomous driving and smart cities are among the fastest-growing fields in the smart economy.

China is the largest smart speaker market in the world, accounting for 36 percent of global shipments in the third quarter of 2019, according to global market firm Strategy Analytics. It found in a July and August survey that 63 percent of Chinese people without a smart speaker planned to buy one within the following year. Another 22 percent planned to make a purchase later on.

Chinese firms are stepping up investment in 5G, AI and the Internet of Things to gain a foothold in the emerging field. By end-June, China had over 1,200 AI-related enterprises, according to the Ministry of Industry and Information Technology.

Baidu launched its autonomous driving open platform ApollBo in 2017 to coordinate cross-sector efforts in this field. It has launched several L4 autonomous driving vehicles in partnership with leading automobile companies, and a fleet of Apollo-powered robotaxis are now taking test runs in central China’s Changsha.

Nurturing a smart economy is also on the government agenda. China has passed a guideline to boost the integration of AI and the real economy this year, and plans to build some 20 national AI innovative development pilot zones by 2023.

The country’s AI sector is forecast to be worth more than 160 billion yuan (about 22.83 billion U.S. dollars) in 2020, spurring related sectors to exceed 1 trillion yuan, said Lin Nianxiu, deputy director with the National Development and Reform Commission, citing industrial data.

Lin said China would focus on 100 firms dedicated to AI technologies and relevant applications, improve the industrial ecosystem, facilitate the deep integration of AI and the real economy, and intensify its international collaboration on AI technology, standards, industries, laws and regulations and ethics.

Source: Xinhua

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