13/11/2019

Xinjiang cotton sparks concern over ‘forced labour’ claims

Farmers pick cotton during the harvest on October 21, 2019 in Shaya County, Xinjiang Uygur Autonomous Region of China.Image copyright GETTY IMAGES

Global retailers are facing scrutiny over cotton supplies sourced from Xinjiang, a Chinese region plagued by allegations of human rights abuses.

China is one of the world’s top cotton producers and most of its crop is grown in Xinjiang.

Rights groups say Xinjiang’s Uighur minority are being persecuted and recruited for forced labour.

Many brands are thought to indirectly source cotton products from the Xinjiang region in China’s far west.

Japanese retailers Muji and Uniqlo attracted attention recently after a report highlighted the brands used the Xinjiang-origin of their cotton as a selling point in advertisements.

H&M, Esprit and Adidas are among the firms said to be at the end of supply chains involving cotton products from Xinjiang, according to a Wall Street Journal investigation.

“You can’t be sure that you don’t have coerced labour in your supply chain if you do cotton business in China,” said Nathan Ruser, researcher at the Australian Strategic Policy Institute.

“Xinjiang labour and what is almost certainly coerced labour is very deeply entrenched into the supply chain that exists in Xinjiang.”

What is happening in Xinjiang?

UN experts and human rights groups say China is holding more than a million Uighurs and other ethnic minorities in vast detention camps.

Rights groups also say people in camps are made to learn Mandarin Chinese, swear loyalty to President Xi Jinping, and criticise or renounce their faith.

China says those people are attending “vocational training centres” which are giving them jobs and helping them integrate into Chinese society, in the name of preventing terrorism.

What is produced in Xinjiang?

The Xinjiang region is a key hub of Chinese cotton production.

China produces about 22% of global cotton supplies, according to a report by the Center for Strategic and International Studies (CSIS).

Last year, 84% of Chinese cotton came from Xinjiang, the report said.

That has raised concerns over whether forced labour has been used in the production of cotton from the region.

This photo taken on September 11, 2019 shows people walking past a mosque in Urumqi, the regional capital of Xinjiang.Image copyright GETTY IMAGES
Image caption The Uighurs are mostly Muslims, and number about 11 million in China’s Xinjiang region

Nury Turkel, chairman of the Uighur Human Rights Project in Washington, said the Uighurs were being “detained and tormented” and “swept into a vast system of forced labor” in Xinjiang.

In testimony to US congress, he said it was becoming “increasingly hard to ignore the fact” that the goods manufactured in the region have “a high likelihood” of being produced with forced labour.

Which brands use Xinjiang cotton?

Amy Lehr, director of CSIS Human Rights Initiative, said in many cases Western companies aren’t buying directly from factories in Xinjiang.

“Rather, the products may go through several stages of transformation after leaving Xinjiang before they are sent to large Western brands,” she said.

Some, like Muji, are very open about sourcing material from Xinjiang.

The Japanese retail chain launched a new Xinjiang Cotton collection earlier this year.

One of its advertisements boasts “soft and breathable” men’s shirts made from organic cotton “delicately and wholly handpicked in Xinjiang”.

Another Japanese fashion brand Uniqlo had also touted the Xinjiang region in an advertisement advertisment for men’s shirts.

In the fine print of the shirt description, the advert said the shirts were made from Xinjiang cotton, “famous for its superb quality”.

That reference was later removed from the advertisement “given the complexity of this issue”, according to a spokesperson for Uniqlo.

“Uniqlo does not have any production partners located in the Xinjiang region. Moreover, Uniqlo production partners must commit to our strict company code of conduct.

“To the best of our knowledge, this means our cotton comes only from ethical sources,” the spokesperson told the BBC.

Pedestrians walk past a Japanese household and consumer goods retailer, Muji store in ShenzhenImage copyright GETTY IMAGES

According to the Wall Street Journal report which focused on workers at a mill operated by Huafu Fashion in Aksu, Xinjiang, yarn made in the region was present in the supply chains of several international retailers including H&M, Esprit and Adidas.

Many of the companies looked into the allegations, including those without clear links to the Huafu mill.

In a statement to the BBC, Adidas said: “While we do not have a contractual relationship with Huafu Fashion Co., or any direct leverage with this business entity or its subsidiary, we are currently investigating these claims.”

“We advised our material suppliers to place no orders with Huafu until we have completed those investigations,” the Adidas spokesperson said.

Esprit, which also does not source cotton directly from Xinjiang, said it had made several inquiries earlier this year.

“We concluded that a very small amount of cotton from a Huafu factory in Xinjiang was used in a limited number of Esprit garments,” the firm said in a statement.

The company has instructed all suppliers to not source Huafu yarn from Aksu, the statement said.

H&M said it does not have “a direct or indirect business relationship” with any garment manufacturer in the Xinjiang region.

“We have an indirect business relationship with Huafu’s spinning unit in Shanyu, which is not located in the Xinjiang region, and according to our data, the vast majority of the yarn used for our garment manufacturing comes from this spinning unit,” a spokesperson for H&M said.

“Since we have an indirect business relationship with the yarn supplier Huafu, we also asked for access to their spinning facilities in Aksu. Our investigations showed no evidence of forced labor.”

Source: The BBC

13/11/2019

India train collision: Lucky escape for passengers in Hyderabad

Hundreds of passengers had a lucky escape after two trains collided head-on in the southern Indian city of Hyderabad.

Twelve passengers suffered minor injuries and are being treated at a local hospital.

An inquiry has been ordered into the incident.

India has one of the largest train networks in the world but accidents are fairly common because much of the railway equipment is out of date.

The government has promised to modernise the network but the pace of the change has been slow.

source: The BBC

12/11/2019

Feature: Xi spearheads closer China-LatAm cooperation for common prosperity

MEXICO CITY, Nov. 12 (Xinhua) — China and Latin America sit on the opposite sides of the globe, but the formidably vast Pacific Ocean that separates them did not stop them from sharing a long history of exchanges.

Today, the major developing country in the East is forging an increasingly close partnership with the dynamic region in the Western Hemisphere, especially since Chinese President Xi Jinping took office in 2013, and set into motion what is now known as Xiplomacy.

In the past six years, Xi has visited 11 Latin American and the Caribbean (LAC) countries. On Tuesday, he is setting foot on the region for the fifth time as president, as he arrives in Brazil for the upcoming 11th BRICS summit.

Thanks in no small part to Xi’s push, the time-honored, distance-defying China-Latin America relationship is flourishing with new vitality. China has become the second largest trading partner of Latin America, while the latter is one of the fastest growing sources of exports to China. Two-way trade rose 18.9 percent year on year to 307.4 billion U.S. dollars in 2018.

GRAND VISION

Every time Xi visited Latin America, he reaffirmed China’s commitment to cementing bilateral friendship and expanding win-win cooperation.

His first trip to the region as head of state, in 2013, took him to Trinidad and Tobago, Costa Rica and Mexico. The following year saw him travel to Brazil, Argentina, Venezuela and Cuba.

It was in Brazil that Xi met with leaders from 11 LAC countries, and for the first time laid out his grand vision for building a China-Latin American community with a shared future.

“Let us seize the opportunities presented to us and work together to blaze new trails in building a community of shared destiny for common progress and usher in a bright future for the relations between China and Latin America and the Caribbean,” Xi said in a keynote speech at the first ever China-Latin American and Carribean Countries Leaders’ Meeting in 2014.

He then proposed a “1+3+6” cooperation framework to “promote faster, broader and deeper cooperation between the two sides for real results.”

The “1” refers to “one plan,” the Chinese-Latin American and Caribbean Cooperation Plan (2015-2019), formulated to promote inclusive growth and sustainable development.

The “3” alludes to “three engines” for driving practical cooperation for comprehensive development, namely trade, investment and financial cooperation.

The “6” means the six priority cooperation fields of energy and resources, infrastructure building, agriculture, manufacturing, scientific and technological innovation, and information technologies.

In 2016, Xi visited Ecuador, Peru and Chile. Two years later, he traveled to Argentina for the Group of 20 summit as well as Panama, a Central American country which established diplomatic ties with China in June 2017.

In a landmark speech at the Peruvian Congress in Lima in 2016, Xi expounded the significance of strengthening China-Latin America cooperation.

“With one fifth of the world’s total area and nearly one third of the world’s population, China and Latin America and the Caribbean are crucial forces for world peace and stability,” he said.

China, he added, “will increase sharing of governance experience and improve planning and coordination of macro policies with Latin American and Caribbean states to better synergize our development plans and strategies.”

Besides top-level engagement, Xi also reaches out to local people from all walks of life, in order to keep cementing the China-Latin America friendship and the public support for bilateral cooperation.

While in Costa Rica, Xi visited a family-run coffee plantation and tried some local brew. “I think some more coffee can well be exported to China,” Xi told his hosts with a smile.

Today, Costa Rica exports coffee to the Asian market, along with pork, dairy, pineapples and other high-quality agricultural goods, especially after the inauguration of the China International Import Expo in 2018.

NEW OPPORTUNITIES

With international cooperation within the framework of the Belt and Road Initiative (BRI) gaining steam worldwide, the Xi-proposed vision is creating new opportunities for China-Latin America cooperation.

The BRI, designed to promote common development along and beyond the ancient Silk Road trade routes, comprises the Silk Road Economic Belt and the 21st Century Maritime Silk Road, and the latter is closely connected to Latin America.

For two and a half centuries, from the mid-1500s to the early 1800s, galleons laden with Chinese silk, spices, porcelain and other goods sailed across the ocean to today’s port city of Acapulco on the Mexican Pacific coast.

Latin America is the natural extension of the 21st Century Maritime Silk Road, Xi said in a meeting with visiting Argentine President Mauricio Macri in May 2017.

In a congratulatory message to the second Ministerial Meeting of the China-Community of Latin American and Caribbean States (CELAC) Forum held in Chile on Jan. 22, 2018, Xi stressed that China and LAC countries “need to draw a new blueprint for our joint effort under the Belt and Road Initiative and open a path of cooperation across the Pacific Ocean that will better connect the richly endowed lands of China and Latin America and usher in a new era of China-LAC relations.”

During Xi’s visits, the Chinese president is always dedicated to better aligning the BRI — an open platform for cooperation — with the development plans of LAC countries.

In his meeting with Macri, Xi called for dovetailing the BRI with Argentina’s development strategy, expanding cooperation in such sectors as infrastructure, energy, agriculture, mining and manufacturing, and implementing existing major cooperation projects in hydro-power, railway and other fields.

Similarly, during the state visit to Panama in December 2018, Xi said the National Logistics Strategy of Panama 2030 and the BRI are highly compatible, calling on the two sides to synergize their respective development strategies, boost cooperation and promote connectivity.

So far, 19 LAC countries have signed BRI cooperation agreements with China. China-Latin America cooperation in various areas has effectively promoted local economic and social development, bringing visible and tangible benefits to the Latin American people.

Just as Xi said in his speech at the Peruvian Congress in 2016, “China will share its development experience and opportunities with the rest of the world and welcome other countries to board the express train of its development, so that we can all develop together.”

SOurce: Xinhua

12/11/2019

Xi, Greek PM visit Piraeus Port, hail BRI cooperation

GREECE-CHINESE PRESIDENT-PIRAEUS PORT-VISIT

Chinese President Xi Jinping talks with representatives of local staff members as he visits the Piraeus Port in Greece, Nov. 11, 2019. Xi and his wife Peng Liyuan, accompanied by Greek Prime Minister Kyriakos Mitsotakis and his wife, visited the Piraeus Port on Monday. (Xinhua/Xie Huanchi)

ATHENS, Nov. 11 (Xinhua) — Chinese President Xi Jinping and Greek Prime Minister Kyriakos Mitsotakis on Monday visited the Piraeus Port, a flagship project in bilateral collaboration, and hailed it as a success under the Belt and Road cooperation.

In 2009, a subsidiary of China Ocean Shipping Company, also known as COSCO, started managing the Piraeus Port’s container terminals. In 2016, COSCO acquired a majority stake in the port and formally took over its management and operation.

So far, the project has created jobs for over 10,000 local people directly and indirectly, and has built the Piraeus Port into the largest port in the Mediterranean region and one of the fastest growing container terminals in the world.

Upon their arrival, Xi and his wife Peng Liyuan, accompanied by the Greek prime minister and his wife, were warmly welcomed by Chinese and foreign employees waving national flags of the two countries.

Talking with Xi about their work and life, representatives of local staff extended heartfelt gratitude to COSCO for providing them with job opportunities in the most difficult times during the Greek debt crisis.

Thanks to the Chinese company, they now enjoy stable jobs and happy lives, the Greek employees told Xi.

With the Piraeus Port becoming an important fruit in jointly building the Belt and Road, the local staff said they feel very proud and have full confidence in the port’s future.

Delighted to visit the port, Xi said that seeing is believing, and that he has seen here today that the China-proposed Belt and Road Initiative (BRI) was not a slogan or tale, but a successful practice and brilliant reality.

Noting that the BRI upholds the principle of extensive consultation, joint development and shared benefits, Xi said no one makes decisions for others, and instead all participants share responsibilities and benefits in BRI cooperation.

China, in its external exchanges, upholds the right approach to justice and interests, said the Chinese president, adding that he is delighted to know that COSCO’s Piraeus Port project was able to help local people through hard times.

Xi called local workers important participants in and contributors to jointly building the Belt and Road as they have helped the Piraeus Port develop well, and wished them success at work and a happy life.

The Piraeus Port project is a successful example of China-Greece cooperation featuring complementing each other’s advantages, combining forces, and achieving mutual benefits, Xi said.

He urged the two sides to make continued efforts to further construct and develop the port, achieve the goal of making the port a regional logistics distribution center, and advance the building of the China-Europe Land-Sea Express Line.

Expressing his confidence in the unlimited prospects of the Piraeus Port, Xi said the cooperation fruits will continue to benefit the people of both countries and the region. He also conveyed his wish that the two countries will continuously make new achievements in their cooperation.

For his part, Mitsotakis underlined that China helped the Greek people when his country was embroiled in the debt crisis.

Facts have proved that the Piraeus Port project is mutually beneficial, and has strongly boosted the recovery of the Greek economy and social development, served the interests of Greece and its people, and received the support from the Greek people, he said.

From that the Greek side has come to a deep understanding of the true meaning of “friends,” added the prime minister.

Greece is willing to join efforts with China to further expand and strengthen the Piraeus Port project and make it a paragon in the joint construction of the Belt and Road, Mitsotakis said.

Xi arrived in the Greek capital of Athens on Sunday for a three-day state visit to the European country.

Source: Xinhua

12/11/2019

Hong Kong protests: Rule of law on ‘brink of collapse’, police say

Hong Kong’s rule of law has been pushed to the “brink of total collapse” after more than five months of protests, police have warned.

The warning came as protesters clashed with police across the city on Tuesday.

At the Chinese University of Hong Kong, police fired tear gas and rubber bullets at protesters who built barricades on the campus.

Earlier in the day, around 1,000 protesters rallied in central Hong Kong during the lunch hour blocking roads

Protesters, wearing office clothes, were seen chanting: “Fight for freedom, stand with Hong Kong!”

The demonstrations come just a day after the territory saw a marked escalation in violence, with police shooting one activist in the torso. A pro-Beijing supporter was set on fire by anti-government protesters.

The protests started in June against a now-withdrawn plan to allow extradition to mainland China, but have since morphed into wider demonstrations, with activists demanding greater democracy and police accountability in Hong Kong.

On Tuesday afternoon, police spokesman Kong Wing-cheung hit out at the protesters, saying they had “countless examples of rioters using random and indiscriminate violence against innocent” people.

“Hong Kong’s rule of law has been pushed to the brink of total collapse as masked rioters recklessly escalate their violence under the hope that they can get away with it,” he told reporters, adding that Monday’s attack on the pro-Beijing supporter was being investigated as attempted murder.

Office workers and protesters gather in CentralImage copyright AFP
Image caption Protesters and office workers were seen blocking roads in Hong Kong’s financial district

Speaking at the same conference, Supt Li Kwai-wah defended the officer’s decision to shoot the protester on Monday.

“We found out that our colleague did not only face threat from one person, instead it was a group of people with an organised plan attempting to steal the gun,” he said.

“In a situation like this, we believe our police are reacting according to the guideline, to protect themselves as well as the people around them.”

Both the protester and the pro-Beijing supporter remain in hospital, with the latter in a critical condition.

What happened on Tuesday?

Clashes erupted at the Chinese University of Hong Kong, with police firing tear gas to disperse students, while at City University there was a standoff between students and riot police which continued into the evening.

Police continued to use tear gas to try to disperse the protesters who responded with bricks and petrol bombs. Hundreds of protesters remain at the Chinese University of Hong Kong.

A university students throws an object at riot policeImage copyright REUTERS
Image caption Students at Hong Kong’s Chinese University fought with police throughout the day

Students built roadblocks on streets in and around City University campus to stop police from entering. At one stage, a van used as part of a street barricade was set on fire.

Students at Hong Kong Polytechnic also tried to disrupt traffic near their campus.

In the morning, suspended railway services and road closures had already led to long traffic jams in the early rush hour. At noon, protesters moved into the city’s central business district for a flash mob protest.

A Christmas tree inside a shopping mall on fireImage copyright REUTERS
Image caption At Festival Walk shopping mall, a Christmas tree was set on fire

Protests continued to intensify throughout the day. A Christmas tree inside Festival Walk shopping mall was set on fire by protesters while others were seen smashing a glass railing with hammers.

Train stations were closed across the city.

Media caption This Hong Kong protester’s shooting was livestreamed on Facebook

Eight universities have announced they will suspend classes on Wednesday.

Monday’s protests saw 260 people arrested bringing the number to more than 3,000 since the protests began in June.


Students swear they will not surrender

Grace Tsoi, BBC World Service, at the Chinese University of Hong Kong

A protester looks at destruction at the Chinese University of Hong KongImage copyright AFP
Image caption Hundreds of protesters remain at the university

The ground was strewn with bricks. The air was filled with the smell of tear gas. Fire was raging on campus. Hundreds of protesters, most of them clad in black, formed human chains to pass bricks and petrol bombs to the front line.

One of the best universities in Hong Kong has turned into a battlefield after another day of intense clashes between students, who have been at the forefront of anti-government protests, and police.

The Chinese University students have been putting up resistance since the morning. On Monday, police seemed to change strategy by deploying forces to campuses. Students told me they should not be allowed there.

The university’s management has tried to deescalate the situation. Vice-chancellor Rocky Tuan was also tear gassed as he was negotiating with police.

Dozens of students have been injured, including at least one hit in the eye by a projectile. The night is young and students swear they will not surrender.


Why are there protests in Hong Kong?

Hong Kong is part of China but as a former British colony it has some autonomy and people have more rights.

The protests started in June against plans to allow extradition to the mainland – which many feared would undermine the city’s freedoms.

The bill was withdrawn in September but demonstrations continued and now call for full democracy and an inquiry into police behaviour.

Clashes between police and activists have become increasingly violent and in October the city banned all face masks.

Source: The BBC

12/11/2019

Guru Nanak: Sikh founder’s 550th birthday celebrated

Sikh pilgrims take part in a religious ritual as they gather to celebrate the 550th birth anniversary of Guru Nanak Dev, at Nankana SahibImage copyright AFP
Celebrations have taken place in India and Pakistan to mark the 550th anniversary of the birth of Guru Nanak – the founder of Sikhism.

The anniversary comes just a few days after the historic opening of the Kartarpur corridor, which allows Indians access to one of Sikhism’s holiest shrines in Pakistan without having to apply for a visa.

Tensions between the neighbours have made it difficult for Indian pilgrims to visit the site in Pakistan in recent years. But an agreement reached last month allows Indians to make the 4km (2.5-mile) crossing to the Gurdwara Darbar Sahib Kartarpur – where Guru Nanak spent the last 18 years of his life.

On Tuesday, Sikh pilgrims in Pakistan gathered at Nankana Sahib, the birth place of Guru Nanak, which is about 80km (50 miles) from the city of Lahore.

Sikh pilgrims take part in a religious ritual as they gather to celebrate the 550th birth anniversary of Guru Nanak Dev, at Nankana SahibImage copyright AFP

Large numbers of devotees, including women, took part in the religious rituals.

Sikh pilgrims take part in a religious ritual as they gather to celebrate the 550th birth anniversary of Guru Nanak Dev, at Nankana SahibImage copyright AFP

The auspicious day for Sikhs was also marked in India, where Guru Nanak’s birth anniversary is an annual public holiday.

A Sikh devotee takes a holy dip on the occasion of the 550th birth anniversary of Sikhism founder Guru Nanak Dev at Gurudwara Bangla Sahib in New Delhi on November 12, 2019Image copyright AFP
Sikh devotees gathered in huge numbers at the Bangla Sahib Gurdwara in the capital Delhi.
Sikh devotees gather to pay their respects on the occasion of the 550th birth anniversary of Sikhism founder Guru Nanak Dev at Gurudwara Bangla Sahib in New Delhi on November 12, 2019Image copyright AFP

Indian Prime Minister Narendra Modi greeted the nation on the occasion, saying it was “a day to rededicate ourselves” to Guru Nanak’s “dream of a just, inclusive and harmonious society”.

Though Guru Nanak’s anniversary is an important event for Sikhs annually, this time the celebrations were more special due to the opening of the Kartarpur corridor.

Devotees from across the world visit the Kartarpur shrine every year to commemorate his birth. Indian Sikhs will now be able to visit with just their passports, but they will not be allowed to leave the site or stay overnight.

The Golden Temple in Amritsar, in north-western India, is the holiest Gurdwara (where Sikhs worship). On the eve of the anniversary, it was lit up to host processions as Sikh worshippers took part in the three-day celebration of Guru Nanak’s birth.

The Golden Temple lit up as Sikhs watch from a windowImage copyright REUTERS
On the first day of the celebrations, Sikhs read the Sikh holy book – the Guru Granth Sahib – from beginning to end.

As is the tradition on the second day, the holy book was paraded through the streets of Amritsar on Monday in a hand-held carriage.

The procession was led by five people representing the original Panj Pyare – the Five Beloved Ones – who helped shape the religion.

Sikh devotees carrying the Sri Guru Granth Sahib ji - the holy book of Sikh religion - in a hand-held, golden carriageImage copyright EPA
You might also be interested in:

Media caption Find out more about the Kartarpur corridor, which leads to one of the holiest sites in the Sikh religion

Source: The BBC

11/11/2019

Spotlight: China-Brazil trade set to reach new heights

SAO PAULO, Nov. 11 (Xinhua) — Though separated by oceans and continents, China and Brazil have fostered deepening bilateral cooperation over the years, especially in  investment, trade and finance.

With the upcoming 11th BRICS summit in Brazil’s capital Brasilia, expectations are high for the development of closer ties between the two countries.

STRENGTHENING INVESTMENT

China and Brazil have bolstered investment ties in recent years, and the Asian country has become Brazil’s largest source of foreign investment.

The two countries are not only deepening cooperation in the traditional areas of agriculture, electricity, mining and infrastructure, but also fostering growth in new areas such as technology innovation and the digital economy.

Last month, Brazilian telecommunications giant Oi put Chinese company Huawei’s 5G technology to the test during a local music festival — the largest trial of the 5G technology in Brazil.

Chinese Internet giant Alibaba’s website AliExpress has become one of Brazil’s most popular cross-border e-commerce platforms. Chinese Internet company Tencent and mobile ride-hailing platform DiDi have also invested in Brazilian companies.

Finally, the participation of Latin American countries — including Brazil — in jointly building the Belt and Road will provide a great opportunity for these countries to enhance investment cooperation with China, said Oliver Stuenkel, an expert of international relations at Brazil’s Getulio Vargas Foundation.

INCREASING TRADE

Although the global economy is facing downward pressure, bilateral trade between China and Brazil has continuously climbed, as both countries are committed to opening up their markets.

China has been Brazil’s largest trading partner and largest export market for a decade. In 2018, bilateral trade hit a record 100 billion U.S. dollars, official data showed.

Cheese bread, Brazil’s favorite breakfast and snack food, is now available at cafeterias in China, thanks to the first China International Import Expo (CIIE) in Shanghai last year.

In May, Brazil’s leading cheese bread maker Forno de Minas shipped its first container of 10 tons of cheese bread to China, supplying cafeterias in Shanghai. Two months later, the bakery shipped a second batch of 18 tons to China.

Brazil is also dedicated to opening up by optimizing its business environment. Li Tie, general manager of the Brazilian branch of BYD, a leading Chinese manufacturer of electric vehicles and batteries, said that the Brazilian government has actively promoted pension and labor law reforms and is planning to carry out tax reforms.

China and Brazil should further enhance their economic and trade relations, which have been fruitful and mutually beneficial, said Sergio Segovia, president of the Brazilian Trade and Investment Promotion Agency.

FINANCIAL COOPERATION

The two countries have enhanced cooperation in the financial sector.

In September, the Brazil government relaxed restrictions on the establishment of financial institutions. Bank XCMG, affiliated to China’s Xuzhou Construction Machinery Group, has become the first foreign bank that was approved by Brazil’s central bank after the release of the new regulation, and the bank’s foreign shareholding ratio is as high as 100 percent.

Wang Yansong, XCMG’s vice president, said that Bank XCMG will carry out financial leasing and other services in Brazil and help companies reduce exchange rate risks and financing costs.

As cross-border trade grows, fin-tech companies from both countries have carried out in-depth cooperation, such as that between Brazilian financial payment company Ebanx and AliExpress, in providing consumers with cross-border payment solutions.

In 2018, Ebanx handled 35 million cross-border transactions related to Chinese merchants, said its co-founder and CFO Wagner Ruiz. He expressed the hope that the company can help Chinese merchants sell more in Latin America in the future.

The BRICS leaders’ meeting is an excellent opportunity for Brazil to deepen business, investment and financial cooperation with China and other BRICS countries, said Marcos Trojan, special secretary for foreign trade and international affairs of Brazil’s Ministry of Economy.

Source: Xinhua

11/11/2019

Chinese, Greek presidents pledge joint efforts for community with shared future for mankind

ATHENS, Nov. 11 (Xinhua) — Chinese President Xi Jinping and his Greek counterpart, Prokopis Pavlopoulos, agreed here on Monday to contribute the wisdom of ancient Eastern and Western civilizations to building a community with a shared future for mankind.

To that end, the two presidents agreed during their meeting to consolidate political mutual trust, deepen practical cooperation and promote dialogue among civilizations.

Xi arrived in the Greek capital of Athens Sunday for a three-day state visit to the European country.

Source: Xinhua

11/11/2019

Police shooting exposes deep divide online between mainland China and Hong Kong

  • Mainland social media users come out in strong support for the officer, compounding extensive coverage of vandalism of businesses with ties across the border
Hong Kong’s police force has gained support from online commenters on the mainland. Photo: Nora Tam
Hong Kong’s police force has gained support from online commenters on the mainland. Photo: Nora Tam
As Monday morning’s police shooting of a protester triggered a wave of shock and outrage in Hong Kong, across the border in mainland China, the response online was just as swift – but in support of the force.
“Support Hong Kong police opening fire! Clean up Hong Kong’s cockroaches!” one popular financial blogger on Weibo, China’s Twitter-like platform, said as he shared footage of the incident.
In the video, an officer grapples with a protester and points his gun towards another approaching protester. The second protester reaches out towards the gun, the officer dodges, steps back and shoots him in the torso.

“It feels great [to watch]! Kill them all, these trash and tumours of society,” a Weibo user replied to the video, with a thumbs-up emoji.

“Hongkong’s loser youth, [police] should totally open fire!! It would be best to shoot them in the head,” another post read.
These comments, and many others like them flooding social media in mainland China, highlight the deep divisions in views on each side of the border as Hong Kong’s political crisis drags into its sixth month.

Despite some initial sympathy, mainland public sentiment towards Hong Kong has hardened since July, amid state propaganda painting the protesters as a separatist movement plotted by “Western black hands”.

In recent weeks, the rancour from the mainland has only appeared to deepen, with photos and videos of protesters vandalising businesses with ties to the mainland spreading online.

Last month, a mainland Chinese banker was assaulted in a confrontation with protesters during his lunch break in Central, drawing the wrath of many mainlanders and renewed online calls for military intervention.

Extensive media coverage of the vandalism and attack, as well as a series of inflammatory commentaries, have further fanned the anger.

On Monday, the social media account of state-run Beijing Daily ran the story of the shooting under the headline: “This morning, a gunshot in Hong Kong, to the applause of citizens!”

“At such a critical moment, the police officer acted so bravely and restrained,” the report said.

“After the police fired the shot and subdued the rioters, some citizens at the scene directly applauded the police. The reaction of the public directly shows that the officer fired not only in a legal and reasonable way, but also in line with the will of the people.”

In the video, a man in a dark blue jumper claps his hands at a nearby traffic light, as police officers pin the protesters to the ground.

The Beijing Daily report did not refer to angry bystanders condemning the officers as “murderers”.

Hong Kong police officer who shot protester receives death threats against children after personal details released online, force says

Hu Xijin, editor-in-chief of nationalist tabloid Global Times, and a regular – and hugely popular – commentator on Hong Kong’s unrest, also weighed in.

“As a media worker, I resolutely support this Hong Kong police officer gunning down the attacking rioters,” he wrote to his 2 million fans on Weibo in a post that included video of the shooting.

Hu accused Hong Kong and Western media of “focusing their coverage on the police shooting and diluting the illegal, criminal and evil deeds of the rioters”.

“Such guiding of public opinion is disgusting,” he wrote.

Hu ended his post with a message to Hong Kong police: “Don’t you be afraid of anything, resolutely defend Hong Kong’s law and order, be strong and be tough. You’re not alone on the front lines. Behind you there are not only the [patriotic] Hong Kong public and the nation, but also the country’s paramilitary police and the People’s Liberation Army Hong Kong garrison, who can enter Hong Kong and offer support in accordance with the Basic Law when needed.”

The post was liked more than 26,000 times in six hours.

Scores of Chinese students flee Hong Kong over fears they will be attacked as anti-mainland sentiment sweeps through protesters in city

Meanwhile, Taiwanese President Tsai Ing-wen called on the Hong Kong government to give a detailed response to the Hong Kong people’s calls for democracy and freedom, which she described as “the only path to return to stability and order”.

“Governments should not fire upon unarmed people, this will only exacerbate the problem,” she wrote on her official Facebook account. “Beijing and the Hong Kong government should respond to the Hong Kong people, not with bullets but with the promise of democracy and freedom.”

Taipei’s Mainland Affairs Council, which oversees the island’s policies on Beijing, called on all sides to give up their arms and aggressive actions to make way for peaceful conversation.

Source: SCMP

11/11/2019

China’s Jingye Group agrees outline deal to rescue British Steel

BEIJING/LONDON (Reuters) – China’s Jingye Group said on Monday it has reached a provisional deal to buy British Steel and promised to invest 1.2 billion pounds ($1.5 billion) over the next decade and save thousands of jobs.

An agreement is of major political significance as Britain prepares to elect a new government on Dec. 12. The lack of opportunities in northern England, where British Steel is based, is an election issue, as the social gap between north and south widens.

The deal has yet to be finalised, but Business Minister Andrea Leadsom said in a video clip she was optimistic it would be.

Jingye Group Chairman Li Ganpo said the ambition was to create a world-class group.

“We believe that this combination will create a powerful, profitable and sustainable business that will ensure the long-term future of thousands of jobs while producing the innovative high-quality steel products that the world needs,” he said in a statement.

The value of the deal was not disclosed. Earlier a BBC report saying a deal was imminent gave a figure of 70 million pounds ($90 million), while sources close to the talks said the price was likely closer to 50 million pounds.

Uncertainty over the future of British Steel has hung over its workforce for much of the year. It was put into compulsory liquidation in May after Greybull Capital, which bought it for one pound from Tata Steel (TISC.NS) in 2016, failed to secure funding to continue its operations.

Its closure would impact 5,000 jobs in Scunthorpe and a further 20,000 jobs in the supply chain.

British Steel, which makes high-margin, long steel products used in construction and rail, would give Jingye access to Europe’s large infrastructure market.

But it could face challenges as the European steel industry grapples with weak demand, high costs for energy and labor and exacting environmental standards.

British Steel did not respond to requests for comment.

A previous deal, announced in August, with Turkey’s military pension fund OYAK fell apart and on Monday the fund said the purchase was not commercially viable.

British commodities tycoon Sanjeev Gupta’s Liberty Steel Group has also expressed interest in buying British Steel.

EMBRACE CHINA

Henri Murison, director of the Northern Powerhouse Partnership, set up to boost the economy in the north of England, said a rescue, if finalised, would be “very welcome news”.

He said it was time to embrace cooperation with China, which is extending its international reach through its Belt and Road global development strategy. Chinese companies also own a steel plant in Serbia and its sole copper mine.

Leading trade union Unite welcomed the prospect of Chinese ownership, but cautioned there had been “a series of false dawns” for the company.

Jingye, which also operates hotels and real estate, employs 23,500 and has registered capital of 39 billion yuan ($5.58 billion), giving it the financial clout to invest.

Under the terms of the agreement, Jingye would acquire certain assets of British Steel from the Official Receiver, subject to regulatory approvals.

The assets include the steelworks at Scunthorpe and Teesside in northern England, as well as its European units FN Steel in the Netherlands and British Steel France.

Chinese ownership may be contentious, especially in the steel industry. The European Union (EU), which does not include Serbia, has agreed safeguards to protect its own steel industry from competition from cheap imports from China and elsewhere.

Britain has said it will leave the EU but has yet to agree a deal on its departure from the political and economic bloc.

John Cullen,  business recovery partner  at accountancy firm Menzies LLP, said selling the whole British Steel business “in the current trading climate would be no mean feat”.

Source: Reuters

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