US's ‘Support Hong Kong Violence Act’ condemmed

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The US Senate on Tuesday unanimously passed the "Hong Kong Human Rights and Democracy Act," a move that seriously tarnished sacred terms like "human rights" and "democracy." The bill's real title should be "Support Hong Kong Violence Act" as it has overtly taken sides with rioters who are destroying the rule of law in Hong Kong. And it has targeted the Hong Kong Special Administrative Region (HKSAR) government and Hong Kong police, who are struggling to prevent chaos from turning into anarchy.

The core of the new US bill is to oppose HKSAR government's efforts to stop violence, end chaos as well as to prevent the Chinese central government from saving Hong Kong under any circumstance. The most prominent clause subjects the city to an annual review for its special trade status, which would strip Hong Kong of the status.

Some opposition figures in Hong Kong stupidly kowtow to Washington and express their gratitude for US support for the radical protesters' "democracy struggle." But if the US imposes economic sanctions on Hong Kong, all Hong Kong people will have to bear the consequences.

Once the bill is signed by the US president, subtle changes will take place in Hong Kong's international business environment, because of the uncertainties caused by the US. American investors in Hong Kong will panic, and the city's geoeconomic status and function will be reevaluated.

Some may expect this to deter Beijing. Such thinking is naïve. Hong Kong is in a mess, but the country hasn't intervened so far.

Instead, the Chinese central government encourages the city to stop violence and end chaos under the leadership of the HKSAR government, solve the conundrum under the framework of the Basic Law and not use the provisions of the Basic Law for emergency situations.

However, if the chaos continues, even paralyzes the city and destroys ordinary people's lives, how can the central government not intervene?

Passing the act is the US attempt to disrupt the People's Republic of China's governance over Hong Kong, weaken the HKSAR government, and compel the police to be afraid of cracking down on radical rioters in accordance with the law.

The US is hoping that Hong Kong falls into disorder for a long time. If we take this US bill seriously and shrink from tackling riots, Hong Kong will suffer from an accelerated collapse of the rule of law and be erased from the modern world.

Hong Kong has long acted as an interface linking China and the West. The US move will undermine that function of the city. But no matter what challenges Hong Kong will have to face, it will be far better than what it faces now: Streets are full of roadblocks; subway stations are burned; schools cannot re-open; and many businesses are forced to stop.

If riots continue, Hong Kong is doomed. The threat from the US is much less than the damage the city is currently suffering.

What the bill brings is not fear, but anger. People see certain US politicians' malice against Hong Kong and the entire China between the lines.

It is believed that with the central government's support, Hong Kong will resolutely reject the US threat. Hong Kong's special trade status is entitled by the Basic Law. The US attitude does not represent the international community's. Hong Kong's future is bound to that of the entire China, instead of the US.

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China ready to  'fight back' over US  Hong Kong bill

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China ready to  'fight back' over US  Hong Kong bill

US Senate's passage of HK 'rights act' condemned | The Star ...

image: https://apicms.thestar.com.my/uploads/images/2019/11/21/397785.jpg

Strong words: Yang said the passage openly supported protesters and radicals in Hong Kong and completely exposed the hegemonic nature of some politicians in the United States. — Reuters


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US Secretary of State Mike Pompeo: "I was the CIA director. We lied, we cheated, we stole. We had entire training courses. It reminds you of the glory of the American experiment."

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Blockchain: Internet of Value/ Currency of Trust; Private cryptocurrency a misallocation among blockchain technology, say research & economist

• Blockchain embodies the internet of value. How will it revolutionize our lives and our pockets?

•  And, we look at the qualities Blockchain needs to spark mass adoption.

https://youtu.be/oJGVvJS0A0I

Blockchain, one of the buzzwords in technology, is set to rise in China. Recently, Chinese President Xi Jinping underscored the fledgling technology as the country increasingly views Blockchain as key to future innovation. Has a digital game changer arrived? How will a boom in Blockchain impact our lives? Today we delve into the world of the new technology and talk to Don Tapscott, co-founder and executive chairman of the Blockchain Research Institute, to find out more.

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Private cryptocurrency a misallocation among blockchain technology, says economist

Cryptocurrency is digital-based cash among the internet world nowadays. Born from blockchain, this kind of "currency" is blooming in terms of high privacy. Acknowledging that, Nobel Prize-winning economist and Harvard professor Eric Maskin commented that private cryptocurrency is a misallocation.

"The most important application of blockchain so far has been cryptocurrency, and that is a terrible misallocation. In my view, cryptocurrency, at least private cryptocurrency like bitcoin is a mistake," said Maskin.

"Because the public currency like RMB and U.S. dollar are much more useful than private currency. [Public currencies] they preserve the power of central banks to conduct monetary policy. If no one is using the dollar, then the U.S. monetary policy is useless. So I'm worried about cryptocurrency only to the extent that it reduces the use of currencies like RMB or dollar," he added.

He also pointed out that cryptocurrencies could interfere with central banks' monetary policies.

Meanwhile, Maskin supports the idea that blockchain is a technology. He noted that it is one of the exciting developments that have come along in recent years.

"Blockchain can make all sorts of transactions much easier and much more secure. It can also ensure that only the information that people need to have gets transmitted," said Maskin.

"Blockchain is a way for me to guarantee that only what you need to about me gets told. And that's valuable in a world where we're beginning to worry about privacy issues," the professor explained.

Besides, Maskin supports building the country's own digital currencies. With the backdrop of e-payment booming around the world, Maskin said the digital currency can make transaction easier but it won't have all of the unpleasant side effects of these private currencies.

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China successfully completes lander tests, preparing for Mars mission in 2020 as it pushes for inclusion in global space projects

China unveils its 2020 Mars probe
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A lander for China's Mars mission is seen before a hovering-and-obstacle avoidance test at a test facility in Huailai, Hebei province, China November 14, 2019. REUTERS/Jason Lee

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HUAILAI, China (Reuters) - China on Thursday successfully completed a lander test in northern Hebei province ahead of an unmanned exploration mission to Mars next year.

China is on track to launch its Mars mission in 2020, Zhang Kejian, head of the China National Space Administration, said on Thursday. Zhang was speaking ahead of the hovering-and-obstacle avoidance test for the lander.

The journey through space will take about seven months, while landing will take seven minutes, said Zhang Rongqiao, chief architect of the Mars exploration programme.

The test was conducted at a sprawling landing test site in Huailai, northwest of Beijing.

China has developed the powerful Long March 5 rocket to transport the probe to Mars in 2020.

The same rocket is meant to deliver the Chang'e-5 probe to the moon by the end of 2019 or early next year to bring back samples of lunar rocks.

The Chang'e-4 probe successfully touched down on the far side of the moon in January this year, a historic first and major achievement for China's space programme.

China made its first lunar landing in 2013.

China expects to complete a modular space station around 2022, around the time when NASA is said to start building a new space station laboratory to orbit the moon, as a pit stop for missions to other parts of the solar system.

In 2003, China became the third nation to put a man in space with its own rocket after the former Soviet Union and the United States.

Since then, it has been racing to catch up with Russia and the United States and become a major space power by 2030.

(Reporting by Martin Pollard; Writing by Ryan Woo and Liangping Gao; Editing by Raju Gopalakrishnan)


China preparing for Mars mission in global space projects

It’s a success: A lander being lifted during a test at a facility in Hebei province. — AP

HUAILAI: China invited observers to a successful test of its Mars lander as the country pushes for inclusion in more global space projects.

The demonstration of hovering, obstacle avoidance and deceleration capabilities was conducted at a site outside Beijing simulating conditions on the Red Planet, where the pull of gravity is about one-third that of Earth.

China plans to launch a lander and rover to Mars next year to explore parts of the planet in detail.

China’s burgeoning space programme achieved a lunar milestone earlier this year by landing a probe on the mysterious far side of the moon.

It has developed rapidly, especially since it conducted its first crewed mission in 2003 and has sought cooperation with space agencies from Europe and elsewhere.

The US, however, has banned most space cooperation with China out of national security concerns, keeping China from participating in the International Space Station.

Despite that, China’s ambitions continue to grow as it seeks to rival the US, Russia and Europe in space and cement its position as a regional and global power. It is gradually constructing its own larger, more permanent space station in which it has invited foreign participation.

The lander yesterday successfully avoided ground obstacles during a simulated low-gravity descent, according to the China Aerospace Science and Technology Corporation, the Chinese space programme’s main contractor.

The refrigerator-sized craft was lowered gently on 36 cables through the air for about a minute and used onboard jets spraying rust-coloured fumes to alter its downward course.

“After the probe is launched, it will take about seven months to reach Mars, and the final procedure of landing will only last about seven minutes, which is the most difficult and the most risky part of the whole mission, ” said the Mars mission’s chief designer, Zhang Rongqiao, standing before the 140m-tall testing facility.

Recent rover crashes on the moon by Israel and India highlight the difficulties of safe landings from space.

The remote Comprehensive Testing Ground for Landing on Extraterrestrial Bodies run by CASC lies an hour north of the Great Wall from Beijing.

Guests at yesterday’s event came from 19 countries and included the ambassadors of Brazil, France and Italy. — AP

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US adopts blinkered view of TikTok

TikTok, a global music and video platform created in 2016 by Chinese internet technology company ByteDance, is known in China as Douyin. Photo: VCG

A Senate subcommittee hearing on Tuesday focused on discussions about the significant risks that short-form social video app TikTok could pose to US national security and citizens' privacy.

The accusations about TikTok are based on the assumption that its parent company ByteDance may hand over personal information of the app's US users to the Chinese government, thus posing huge risks to users and the country. In addition, there are also claims that TikTok censors content. TikTok denies both charges.

TikTok runs its business according to US law, so how can it threaten US national security? Many people believe that the US is using this as an excuse to crack down on this globally successful Chinese social media app. To date, all popular social media platforms have been created by US companies, but TikTok is an exception. It challenges their monopoly and some American elites are uncomfortable about it.

Over the past 12 months, TikTok's app has been downloaded more than 750 million times, compared with 715 million for Facebook, 450 million for Instagram and 300 million for YouTube. Its success has even worried Facebook CEO Mark Zuckerberg and now Facebook is developing a short video sharing application that mimics TikTok.

It's not a good trait for the US to suppress competitors of American companies by political means. Washington has taken extreme measures against Huawei, such as cutting off the supply of some components, a move that cracks down on competitors at the expense of hurting domestic companies. There are signs that TikTok is the next target. What the US is doing is driven by extreme protectionism and runs counter to a free market economy.

Washington elites should think about that. US-developed social networking sites are popular around the world. Any country can use the same concerns US lawmakers have about TikTok to target Facebook, Twitter and Instagram. Without any evidence, if every country conjured up risks to challenge those companies, would the world ever be able to share common applications? If such national security principles were to be promoted globally, US internet giants would suffer the most.

The US internet market is becoming solidified. Americans are supposed to welcome competition from TikTok. China's internet market has changed tremendously in recent years with JD challenging the dominance of Baidu, Alibaba and Tencent, followed by the rise of strong players such as TikTok and PDD, which boost the dynamics of the Chinese internet market. The US shouldn't suppress competition and encourage idleness.

Despite being the strongest country in the world, the US often accuses others of being national security risks. It uses political means to safeguard its existing interests when its technology falls short. But this approach will affect how Americans view modern competition and how American society participates in international competition. In the long run, some American companies may use dishonest practices, not better technology and innovation, in the international marketplace.

The US should carefully study the TikTok phenomenon and learn from it. TikTok has its own algorithm, but it pays close attention to abiding by laws and customs of the countries where it is carrying out business activities. When in Rome, do as the Romans do - this is a universal rule for business activities. All US social media giants have the opportunity to enter the Chinese market if they follow that rule.

We hope the US won't go to extremes. Being open is where US interests lie. Even if they have worries about TikTok, they must exercise restraint. Many people are worried that the US might monitor them through various means every day, but they are restrained and rational. The US has no reason not to do likewise.

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