Chindia Alert: You’ll be Living in their World Very Soon
aims to alert you to the threats and opportunities that China and India present. China and India require serious attention; case of ‘hidden dragon and crouching tiger’.
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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
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.
Passengers walk on the platform of the subway station connected with Hankou Railway Station in Wuhan, central China’s Hubei Province, March 28, 2020. Wuhan, a central Chinese city once at the epicenter of the COVID-19 epidemic, on Saturday resumed its subway service following more than two months of suspension due to the epidemic. Passengers for six metro lines in the capital of Hubei Province are asked to scan their health QR codes with real name information and check body temperature before entering the metro stations and wear face masks during the whole journey. (Xinhua/Xiao Yijiu)
WUHAN, March 28 (Xinhua) — Wuhan, a central Chinese city once at the epicenter of the COVID-19 outbreak, on Saturday reopened its subway and railway station following more than two months of suspension due to the epidemic.
“We clearly remember that the metro service had been suspended for 65 days,” said Li Wei, a staff worker of the Wuhan metro service operator. “I was startled when I first saw the news of shutting down the metro system as I never expected such scenario to happen one day.”
“We are excited and happy today to resume the service to serve the Wuhan residents again,” Li said.
Passengers for six metro lines in the capital of Hubei Province are asked to scan their health QR codes with real name information and check body temperature before entering the metro stations and wear face masks during the whole journey. Many were seen even wearing rubber gloves and hats that can cover the face.
The subway service operator has installed 200 infrared intelligent temperature monitoring equipment at 182 subway stations that are back to service in the initial period.
Inside the subway carriages, there are yellow signs that ask passengers to sit with an empty seat between two of them and security guards who tell people to wear masks during the whole of their trips, not to assemble and scan trip-tracking codes when getting off the subway.
The trip tracking is designed to aid the epidemic prevention and control work. To reduce potential cross-infection, the subway carriages will also be disinfected partly every day and entirely every five days.
“We are finally back. I can go to work next Monday,” said a subway passenger surnamed Yang, who just arrived in Wuhan Saturday with another two family members carrying eggs, preserved meat and vegetables from Sichuan Province.
On Saturday, the Wuhan railway station resumed the arrival service as the epidemic waned. More than 12,000 Hubei passengers returned to Wuhan by high-speed trains from all over the country on Saturday, greeted by applauses and flowers at the station.
“I earlier booked the railway ticket for Feb. 14, but the railway service was halted due to the epidemic,” said a passenger surnamed Zhang. Although the arrival was delayed by one and a half months, he felt safe and relieved to see the epidemic situation under control in his hometown, Zhang said.
“Wandering outside for such a long time, I have anticipated the return to home all the time,” Zhang said. “I finally feel at ease and calm after I step on the land of Wuhan.
Wuhan, a Chinese city of eleven million people, has temporarily shut down its public transport as it tries to halt the outbreak of a new strain of virus.
Those living in the city have been advised not to leave, in a week when millions of Chinese are travelling for the upcoming Lunar New Year holiday.
The respiratory illness has spread to other parts of China, with some cases in other countries including the US.
There are more than 500 confirmed cases and 17 people have died.
Known for now as 2019-nCoV, the virus is understood to be a new strain of coronavirus not previously identified in humans. The Sars (severe acute respiratory syndrome) virus that killed nearly 800 people globally in the early 2000s was also a coronavirus, as is the common cold.
All the fatalities so far have been in Hubei, the province around Wuhan.
Meanwhile, after a day of discussions in Geneva, the World Health Organization’s (WHO) emergency committee has announced it will not yet declare a “global emergency” over the new virus.
Director general Dr Tedros Ghebreyesus said more information was needed about the spread of the infection. The committee of health experts will meet again on Thursday.
A global emergency is the highest level of alarm the WHO can sound and has previously been used in response to swine flu, Zika virus and Ebola.
What measures have been announced?
From Thursday, all flights and passenger train services out of Wuhan have been stopped.
Bus, subway and ferry services all shut down from 10:00 local time (02:00 GMT).
A special command centre in Wuhan set up to contain the virus said the move was meant to “resolutely contain the momentum of the epidemic spreading”.
Those living in Wuhan had already been told to avoid crowds and minimise public gatherings.
State news agency Xinhua said tourist attractions and hotels in the city had been told to suspend large-scale activities while libraries, museums and theatres were cancelling exhibitions and performances.
A Lunar New Year prayer-giving ceremony at the city’s Guiyuan Temple, which attracted 700,000 people last year, has also been cancelled.
The hashtag “Wuhan is sealed off” was trending on Chinese social media website Weibo.
One user said worries about food and disinfectant made it feel like “the end of the world”, while another said they were on the “verge of tears” when Chinese officials announced the shut-down.
The WHO’s Dr Ghebreyesus described the latest measures as “very strong” and said they would “not only control the outbreak, they will minimise spread internationally”.
Chinese officials said the country was now at the “most critical stage” of prevention and control.
“Basically, do not go to Wuhan. And those in Wuhan please do not leave the city,” said National Health Commission vice-minister Li Bin in one of the first public briefings since the beginning of the outbreak.
Like shutting down London before Christmas
By James Gallagher, BBC health and science correspondent
Wuhan is starting to look like a city in quarantine.
Officials had already warned residents not to leave the city and visitors not to come.
Now the reported public transport ban – which includes flights – slams many of the routes in and out of the city shut.
Image copyright GETTY IMAGESImage caption Subways in Wuhan will be temporarily shut
It is a significant attempt to stop the spread of this new virus, which we now know can spread from person to person.
Limiting transport will cut the chance of the virus reaching other cities in China and other countries around the world.
This all comes just as millions of people are travelling across China for the week-long holiday that is Lunar New Year.
If you’re struggling for context – imagine shutting down London in the week before Christmas.
The big question left is the roads – and whether any of Wuhan’s 11 million inhabitants will be able to simply drive away.
The patient in Macau is said to be a businesswoman who arrived from Wuhan over the weekend.
The first US case was confirmed on Tuesday. President Donald Trump said the situation was “totally under control” and that he trusted the information being provided by Chinese authorities.
There have been three cases in Thailand, one in Korea, one in Japan and one in Taiwan.
Although only about 500 cases have been confirmed, calculations by scientists at the MRC Centre for Global Infectious Disease Analysis at Imperial College London suggest there are 4,000 people sick with the virus in Wuhan.
Our estimate at 4,000 cases is more than double the past estimate due to increase of number of cases outside China. This should not be interpreted as implying the outbreak has doubled in size.
The virus originated in a seafood market in Wuhan that “conducted illegal transactions of wild animals”, authorities said. The market has since been shut down.
Chinese President Xi Jinping, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, attends the operation ceremony of the Beijing Daxing International Airport on Sept. 25, 2019. Xi announced the official opening of the airport and inspected the airport’s platforms and check-in hall. (Xinhua/Ju Peng)
BEIJING, Sept. 25 (Xinhua) — Chinese President Xi Jinping on Wednesday announced the official opening of the Beijing Daxing International Airport.
Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, attended the opening ceremony of the airport on Wednesday morning.
Xi stressed that the new airport, which was built in less than five years and put into operation smoothly, has shown China’s prowess in engineering construction.
It is also a display of the political advantages of the CPC leadership and China’s socialist system that can mobilize all sources to make great achievements, said Xi.
While inspecting the rail transit of Daxing Airport Express at Caoqiao station, Xi stressed that urban rail transit marks the direction for future transportation development in large modern cities, and the development of rail transit is an effective way to solve “big city malaise” and to build green and smart cities.
Beijing should continue to develop rail transit in a bid to build a modern international metropolis, Xi said.
Then Xi took the subway heading for the Beijing Daxing International Airport.
On the way, he inquired in detail about the design and production of the rail trains, ticket prices, baggage consignment and connection with other traffic lines.
Xi stressed that transportation should precede urban modernization, and the Daxing International Airport should fully play its role in serving the coordinated development of the Beijing-Tianjin-Hebei region.
After his arrival at the airport, Xi heard a report on the construction of the airport integrated transportation system and commended the construction of supporting transportation facilities for the airport.
He said that building a comprehensive transportation system with internal and external traffic connections is essential to improving the operational efficiency of the airport.
Advanced management concepts and modern information technology should be employed to make the management and operation more intelligent and convenient, he said.
When inspecting the airport’s platforms and check-in hall, Xi called the airport a significant landmark project of Beijing which would contribute to the coordinated development of the Beijing-Tianjin-Hebei region.
He urged the three areas to seize the opportunity to strengthen coordination and cooperation and accelerate the pace of promoting regional high-quality development.
Xi also stressed the need to construct more advanced aviation hubs and more improved comprehensive transportation systems.
At the check-in counters, Xi saw how self-service paperless check-in was done, acknowledged the airport’s application of modernized facilities to provide passengers with convenient services and urged more efforts to develop the airport into a world-class aviation hub.
At the International Departure area, Xi met with delegates responsible for airport construction and operation.
Xi said that the new airport has demonstrated the great ambition and strategic vision of the Chinese people and displayed the spirit and modern craftsmanship of the nation.
He encouraged builders to march forward and persist in making new contributions.
Chinese Vice Premier Han Zheng also attended the ceremony, saying that the opening of the airport is of great significance to enhancing the international competitiveness of China’s civil aviation industry, better serving the country’s opening up and promoting the coordinated development of the Beijing-Tianjin-Hebei region.
In December 2014, China started building the Beijing Daxing International Airport with a terminal area of 700,000 square meters, four runways and 268 aircraft stands. Flight checks were successfully completed in February this year.
CHINDIA ALERT: You'll be living in their world, very soon 