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Showing posts with label Donald Trump. Show all posts
Showing posts with label Donald Trump. Show all posts

Sunday, April 5, 2020

Worsen US coronavirus pandemic could be a global issue, Ignorance is bliss

2020-coronavirus-cases-world-map-inline
https://www.bloomberg.com/graphics/2020-coronavirus-cases-world-map/


Zhong Nanshan
https://youtu.be/2QVCe22Sqgw

https://youtu.be/UILmnQNeDuE

https://youtu.be/qYosR39XT7w

https://youtu.be/yYQz3dI65IQ

In an interview with CGTN on April 3, China's top respiratory scientist  Zhong Nanshan said lockdown measures adopted by some countries in Europe or the United States are not effective as they are not exactly implementing real lockdown. He said that the lockdown should go deeper and be stricter, stressing the importance of social distancing to stop the spread of the coronavirus. "Nobody can block, can stop the spreading or stop the infection of this kind of disease. But we can try to do our best to inhibit the spreading. So, that's what we are successful," he added.

 US must take more stringent containment measures: top respiratory expert

Zhong Nanshan, 80, China's revered infectious disease expert, warned on Thursday that if the COVID-19 outbreak continues to worsen in the US, it could become a global issue, since the number of US confirmed cases account for almost a quarter of global cases.

"I am now gravely concerned with the epidemic in the US, and if it gets worse, it will become a global problem," Zhong said on Thursday night during a COVID-19 international experience sharing and exchange video conference.

Zhong said that he noticed a significant increase in the number of COVID19 patients in the US over the past few days, suggesting that the country has begun mass screening of its citizens.

Screening in the US is progressing very advanced, Zhong noted. It takes about 15-20 minutes for a patient to get test results, while it currently takes an hour and a half in China, he said.

"US has made much progress in testing and determining the infected patients, but tracing all their close contacts, separating them, isolating them and cutting the transmission chain is much important," Zhong said.

Zhong urged the US federal government to adopt stronger measures to stem the spread of the pandemic in the US.

The US has reported more than 241,000 cases as of late Thursday, almost a quarter of confirmed cases in the world, and more than 5,800 deaths.

 Source link

COVID-19 cases in US top 300,000: Johns Hopkins University

The number of COVID-19 cases in the United States topped 300,000 by 3:40 p.m. local time Saturday (1940 GMT), according to the Center for Systems Science and Engineering (CSSE) at Johns Hopkins University.

China, US cooperation key to battling coronavirus, restarting global economy

Whether the US and China can now pivot toward collaboration where interests overlap will shape the degree of global cooperation with regard to both more effectively combating the coronavirus and no less, in the huge challenge of restarting the global economy.

China's test kit providers call on world to stop smearing Chinese assistance

Chinese coronavirus test kits are desperately clamored for by many foreign clients, but some unfriendly Western media outlets have chosen to smear and discredit made-in-China products.

Westerners should embrace use of masks: Global Times editorial

Masks can help prevent people from being infected. The suggestion is scientific and Asian countries have a lot of experience in this regard. However, excessive cultural confidence has hindered the US and European countries from giving due attention to the experience of their Asian counterparts.


Ignorance is bliss

However, the kind ailing that United States' top brass has come at a devastasting cost to the Uncle Sam

https://youtu.be/sdre7SOd2hg

A news report appeared in the New York Times a week ago. It was probably glossed over, even in the Big Apple, as most New Yorkers struggle with overnight unemployment and keeping a roof over their heads.

It was conspicuously absent from CNN’s newsfeeds, too, despite its world-wide audience, as it remains preoccupied with ridiculing President Trump, while Fox News was per-script in blaming the virus on China.

Most of us outside the US were expectedly unaware of this significant event.

But on March 29, the NY Times reported about a commercial aircraft carrying 80 tonnes of gloves, masks, gowns and other medical supplies from Shanghai, touching down in New York last Sunday, marking the first of 22 scheduled flights that White House officials say will supply much-needed goods to the US by early April.

The NY Times is a credible 169-year-old American newspaper with a worldwide influence and readership. It has won 127 Pulitzer Prizes – more than any other newspaper.

The report quoted Lizzie Litzow, a spokeswoman for the Federal Emergency Management Agency, who said the plane delivered 130,000 N95 masks, 1.8 million face masks and gowns, 10 million gloves and thousands of thermometers for distribution in NY, New Jersey and Connecticut.

Apparently, there should be subsequent flights to Chicago and Ohio, where supplies will be despatched to other states using private-sector distribution networks.

Now, here’s the gem. The NY Times added, attributing a White House spokesman, that the shipment from China which arrived in NY was the product of a public-private partnership – led by President Trump’s son-in-law and senior adviser, Jared Kushner – with major health care distributors including McKesson Corporation, Cardinal Health, Owens & Minor, Medline and Henry Schein.

Representatives from those companies had previously met with Trump at the White House.

So, while Trump was busy throwing punches at China, with his incessant China Virus remarks, he was, instead, quietly seeking help from the republic behind the scenes.

Trump isn’t the only one culpable, either. His Secretary of State, Mike Pompeo, is equally pompous with his obsession in lambasting China for everything, including Covid-19, from which spawned the now-infamous “China Virus” line.

His remarks have become much more contagious than the virus itself with each passing day.

The virus struck Wuhan, China, in December last year, then spread to Japan, South Korea, Hong Kong and Singapore, during which Trump was still dismissive of it.

He portrayed it as a mere flu bug, with his predictable barrage of false claims and fake news, and even until last month, he kept repeating that Covid- 19 was not as bad as the seasonal flu.

And of course, as the rest of Asia was busy stocking up on face masks, sterilisers and food supplies, he still insisted that “the United States is in a far better shape than other countries.”

None of us in Asia, especially, believed him. In fact, we feel sorry that many ordinary Americans didn’t wake up to the threat. Echoing their president’s sentiments, they assumed the US would be immune to it. Mr T shot from the hip again, and in his usual condescending manner.

After all, Asians deserve it, what with their filthy eating habits and dirty animal markets, right?

The British likely thought the same, and continued to attend huge gatherings like football matches, and went on pub crawls and walks in the park, too.

Asians watched in exasperation at the continuing nonchalance of these people.

Incredibly, as the bodies pile up at the morgue, there are US leaders who continue to engage in the meaningless blame game.

If they think they can gain sympathy with this inane approach, they should know that the virus isn’t going away, and eventually, victims will wise up. And as leaders, they will still have to tackle this health disaster.

As of now, US health workers have resorted to rationing protective gear or using homemade supplies, with the Department of Health and Human Services saying it estimates the US will require 3.5 billion masks if the pandemic lasts a year.

The NY Times, quoting Litzow, said “the overwhelming demand has set off a race among foreign countries, American officials at all levels of government and private individuals to acquire protective gear, ventilators and other much-needed goods from China, where newly built factories are churning out supplies even as China’s own epidemic wanes.”

It added that the US was working with manufacturers from Thailand, Malaysia, Vietnam, Taiwan, India, Honduras and Mexico.

Until a few months ago, the US was halting trade with China, imposing barriers and tariffs, and kicking out US-based Chinese scientists, but now, the NY Times reports that “American governors, mayors and lawmakers have been trying to arrange their own shipments of products from China, with some saying the federal government has been moving too slowly, which risks losing out to other foreign buyers.

“American officials have leaned on sister cities and province relationships, liaison offices they had set up in China to attract investment and connections with state-run Chinese companies to try to secure scarce equipment.”

It also said that the private sector, comprising a motley crew of wealthy individuals, charitable organizations and corporate executives with connections to China, have also stepped forward to help deliver goods to the United States.

Tragically, as Italy and Spain, among other nations, battle helplessly against the Covid-19 virus, the European Union’s miserable failure casts a long shadow. No EU member has sent aid to their Italian brethren.

The politicians can question China’s motives in its aid offer, in what is now dubbed the “face mask diplomacy”, but real help goes a long way in tough times. Talk is cheap, President Trump.

Representing the private sector, Jack Ma, the Chinese billionaire and co-founder of Alibaba, donated a million masks and 500,000 test kits to the US.

Other benefitting countries of the masks will include Spain, Belgium and France, with the same resource already sent to Czech Republic, Greece and Serbia.

For Malaysia, China has donated 100,008 units of novel coronavirus nucleic acid diagnostic (PCR-Fluorescence Probing) test kits, 100,000 pieces of N95 face masks, 500,000 pieces of surgical masks, 50,000 units of personal protective equipment (PPE) and 200 ventilators.

The Committee of 100, a leadership organisation of Americans of Chinese descent, has raised US$1mil (RM4.3mil) to purchase medical supplies and protective gear from around the world to help their country.

Against this backdrop of generosity and care, Pompeo still had time to hold a global teleconference on March 29, as he continued his offensive on China for its alleged campaign of misinformation on the virus.

Ibut yourself, President Trump. Likewise, Pompeo.

Source link


Germany says US 'hijacked' 200000 masks at Bangkok airport


Modern-day piracy': German official says US swooped on ...

https://youtu.be/29aqX_Eaf_c

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Check the latest update:  https://www.bloomberg.com/graphics/2020-coronavirus-cases-world-map/  Mapping the Coronavirus Outbreak Across t..

Sunday, February 9, 2020

Death of western democracies?

I told you so’: Trump showing off a copy of USA Today’s front page featuring his acquittal in the Senate impeachment trial, as he arrived to address the National Prayer Breakfast in Washington. — Reuters


https://youtu.be/SlB0tX2hiCs

https://youtu.be/81eWnIOLyAc

https://youtu.be/BSgc7wuiN30

https://youtu.be/nuvhjzbOyy0

ANGOLA, Haiti and Cambodia are “Banana Republics”: countries where the rule of law has been traduced by a man or woman or group seeking their own aggrandisement.

There is a new addition to this list: the United States of America. As one of the oldest and proudest of the world’s democracies, this country’s appalling downgrade is testament to one man’s work.

His name is Donald Trump and he is the 45th President. TV reality show star, charlatan and bigot, Trump has tweeted his nation’s principles – as articulated by the Declaration of Independence, Constitution and Bill of Rights – into a pulp.

Of course, he had help. He has been ably assisted by a coterie of men and women known as “Republicans”. In the years to come, as historians pore over the catastrophe that is the Trump Presidency, tracking its dismal, neo-fascist trajectory, one of the most important dates will be his acquittal by the US Senate from impeachment charges of abuse of power and obstructing Congress on Feb 5,2020.

The Americans have demonstrated that the highest office in their land and the most powerful in the world – the Presidency – can be manipulated for personal gain, that their political elite will actively enable this.

Across the Atlantic, a buffoonish Old-Etonian turned hack journalist turned politician Boris Johnson has parlayed Brexit to not only propel himself to 10 Downing Street but also persuade the UK’s working-classes to vote against their own interests.

Membership in the European Union was more than just about common markets and free movement. It was limiting, but that’s precisely the point: all its members accepted the EU’s strictures to create confidence and hence, the conditions for peace as well as development in their continent.

All of that has gone out of the window now.

If the Yanks who want to “Make America Great Again” are living in a Banana Republic – their British cousins who want to “regain control” via Brexit exist in a posh-boy rerun of Downtown Abbey crossed with 1917 and the Raj Quartet.

What happened? How have centuries-old democracies become so fragile and even self-destructive?

First: inequality has gotten out of hand. The neoliberal, trickle-down economic policies launched by Ronald Reagan and Margaret Thatcher in the late 1970/80’s fuelled a massive shift in prosperity from workers and the middle-classes to owners and shareholders. Real wages stagnated and tax policies benefited the recipients of dividends not generated by their own labour.

Subsequently, more centrist leaders (such as Bill Clinton, Tony Blair and Barrack Obama) maintained much of the same policies. And the numbers don’t lie.

When Thatcher came to power in 1979, the UK manufacturing industry employed 6.8 million people – by 2016 this had fallen to 2.6 million.

In 2017, three of the US’ richest individuals collectively held more wealth than the bottom 50% of their country’s population –160 million people. Gini coefficients (a measure of inequality) are shooting up on both sides of the Atlantic.

Moreover, the advent of social media allowed fake and demagogic information to be spread quickly as well as unchecked, shifting the national discourse and mood almost at will.

Meanwhile, ethnic and religious minorities as well as women – rightfully – sought greater representation in the public life and culture of the West.

However, the failure of the Anglo-American elite to address the above-mentioned inequalities led the white-majority working classes to feel that their leaders were more interested in playing identity politics than protecting them.

At the same time, a refugee crisis emanating from the Middle East and North Africa (in the US, the refugee crisis is predominantly Latino) heightened white anxieties over being displaced in their own countries.

This gave the opportunity for Trump and other demagogues to rise. Economic inequities and cultural insecurities fuelled white nativist impulses.

It’s not clear if the progressives can blunt this wave (Labour’s Jeremy Corbyn failed dismally) and the chaos in Iowa Democratic Party caucuses only underlines the gloom.

We, in Southeast Asia must learn from the fragility of these Northern Atlantic democracies.

Their mistakes aside – democracy is still the best way forward – especially for multi-racial and multi-religious countries.

What’s key is to avoid the pitfalls the West fell for. We must address the growing inequality of our societies. Growth alone will not bring stability and peace.

A 2018 World Bank report found that Indonesia’s Gini Index worsened from 30.0 in the 1990s to 38.1 in 2017. Singapore (45.8 in 2016), Malaysia (45.5 in 2008) and the Philippines (44.4 in 2015) all had Gini Indexes above 40: signs of higher income inequality.

Leaders ignore warning signs like this at their peril. We must invest in our people: their safety, health, education and skills.

Next, social media must be brought to heel. Hate speech and deliberately provocative postings must be curbed without resorting to undue repression.

The obvious racial and religious fissures in our societies must be managed very carefully. Common ground needs to be found – or created – between our majority and minority communities.

And we must remain engaged: both informed about the issues and vigilant against cynical manipulators of our insecurities.

It may seem like a daunting task when our former colonial masters and role models have failed so miserably. There is no choice. We cannot join the Americans and the British in rubbish dump of history

Source link

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Sunday, December 22, 2019

Xi discusses fresh ties with Trump

Presidents' phone talk raises hope for final phase one trade deal: experts

WASHINGTON: The China-US phase one trade deal, reached on the basis of equality and mutual respect and against the backdrop of an extremely complicated international environment, will benefit both countries and contribute to peace and prosperity of the world, Chinese President Xi Jinping told his US counterpart Donald Trump.

In the phone call at the invitation of the US side on Friday, Xi expressed “grave concern” over the recent US “negative statements and actions” on issues related to Taiwan, Hong Kong, Xinjiang and Tibet, which he said interfered with China’s internal affairs, damaged China’s interests, and are not good for mutual trust and cooperation.

Xi told Trump that China hopes the US side will “conscientiously” implement the important consensuses reached in their multiple meetings and phone conversations, and pay close attention to China’s concerns, thus avoiding disturbing the bilateral relations as well as the important agenda of both countries, according to a statement released by the Xinhua News Agency.

Xi noted that the economic and trade cooperation between the two countries contributed tremendously to the steady development of their bilateral relations and to global economic growth.

As the modern economy and technology have connected the world, the interests of China and the US will become increasingly interlinked, and there will be some differences in the course of their collaboration, he said.

As long as the two sides adhere to mutually beneficial and win-win cooperation, and always respect the dignity, sovereignty, and core interests of the other country, they will be able to overcome the difficulties in the course of development, and push forward Sino-US economic and trade relations under the new historical conditions for the benefit of two countries and two peoples, Xi said.

Xi also said he is ready to maintain contact with Trump through various means, and exchange views on bilateral relations and international issues, and work together to promote a China-US relationship based on coordination, cooperation and stability.

In their phone call, Trump said the phase one trade deal is good for both countries and the rest of the world.

It has received positive responses from the markets of both countries and the world, according to the Xinhua report.

The US side is ready to keep close contact and communications with the Chinese side for the deal to be signed earlier and implemented, Trump said. — China Daily/ANN

Source link


Read more:

Xi: China-US trade deal benefits whole world

 China-US economic and trade exchanges ballast stone for bilateral ties: former Chinese official
China-US economic and trade exchanges, instead of bilateral economic and trade relations, is the ballast stone for bilateral ties because there involve more superstructure and actions, and they cannot be entangled , a former Chinese official said Saturday.

West shows ill will to ignore Macao's boom

Before the return, Macao's GDP per capita was much lower than that of Hong Kong, but it is now nearly double that of Hong Kong. This refutes all kinds of arguments. Time will tell.

Macao's devt lesson for Hong Kong

If more Hongkongers can reflect on the region's development from Macao's experience, it will be beneficial to the future of Hong Kong.

2020 will provide respite from China-US trade tensions: expert

China-US trade tensions will be less fierce in 2020, although disrupting factors like issues concerning Xinjiang Uyghur Autonomous Region and Taiwan island will remain amid the hubbub generated by the US presidential election next year, an expert said Saturday.

West silent on Xinjiang's 'inconvenient truth'

Besides, Chinese media should take the initiative to post reliable information about hot-spot issues, such as the education and vocational training center in Xinjiang. More detailed planning can be made to increase the effectiveness of news diffusion. As long as Xinjiang develops toward prosperity, and Chinese media's publicity strategy improves, the truth will come to the light eventually. More people will recognize Western media's selective deafness strategy and break away from its lie of objectivity and freedom of the press.

Say no to Western media's double standards 


In historic moment, US House impeaches Donald Trump for abuse of power


Donald Trump becomes third U.S. president to be impeached


China emerges stronger from trade war with US: poll

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A documentary released by China's national broadcaster CGTN on the anti-terrorism work in Northwest China's Xinjiang Uyghur Auto

'We lied, we cheated, we stole', ‘the Glory of American experiment’ by US Secretary of State/Ex-CIA director Mike Pompeo

https://youtu.be/DPt-zXn05ac

Wednesday, August 14, 2019

Singapore growth forecast down to 1%

Unknown future: As Singapore further cut its growth forecast, New Zealand, India and Thailand also cut their interest rates signalling concerns on growth outlook. — AFP

SINGAPORE: Singapore slashed its full-year economic growth forecast as global conditions were seen worsening and data confirmed the slowest growth rate in a decade amid mounting fears of recession in the city-state.

The government cut its forecast range for gross domestic product in Singapore – often seen as a bellwether for global growth because international trade dwarfs its domestic economy – to zero to 1% from its previous 1.5%-2.5% projection.

Singapore’s downgrade adds to concerns globally about the effect of increasing protectionism on exports and production.

The deterioration in the global outlook has pushed central banks to cut interest rates and consider unconventional stimulus to shield their economies.

“GDP growth in many of Singapore’s key final demand markets in the second half of 2019 is expected to slow from, or remain similar to, that recorded in the first half, ” the trade ministry said in a statement to the media yesterday.

The ministry flagged a host of growing economic risks including Hong Kong’s political situation, the Japan-Korea trade dispute, the Sino-US tariff war, slowing growth in China and Brexit.

Final second quarter GDP data yesterday showed a 3.3% on-quarter contraction on a seasonally-adjusted annualised basis. That was slightly smaller than the 3.4% decline seen in the government’s advance estimate but deeper than a 2.9% fall predicted in a Reuters poll and a sharp contrast to the robust 3.8% first quarter expansion, which was driven by brisk construction activity.

Yesterday’s data also confirmed annual GDP expanded 0.1% in April-June from a year earlier, its slowest rate in a decade, and lower than poll expectations of 0.2% and the first quarter’s 1.1%.

Singapore’s benchmark stock index fell 1.2% to a two-month low in early trade, underperforming other bourses in the region.

Singapore has been hit hard by the Sino-US trade war, which has disrupted world supply chains in a blow to business investment and corporate profits.

Also yesterday, Singapore cut its full-year forecast for non-oil domestic exports to a 9% contraction from an 8% fall previously.

That comes after a 26.9% drop in electronics exports in the second quarter year-on-year.

“With trade tensions between the US-China unlikely to abate anytime soon, we expect exports and trade-related services to push the economy into technical recession in Q3, ” said Sian Fenner, lead Asia economist at Oxford Economics.

New Zealand, India and Thailand all cut interest rates last week, signalling major concerns about the outlook for economic growth. Last month, the US Federal Reserve cut interest rates for the first time since 2008.

Singapore Prime Minister Lee Hsien Loong said in an annual speech last week that the government stood ready to stimulate the economy.

“It feels like the storm is coming if you look at the whole macro economic fundamentals softening, ” said Selena Ling, head of treasury and strategy at OCBC Bank.

“All the downside risks are piling up on one side, ” Ling added, pointing to the myriad of global risks flagged in the trade ministry statement. — Reuters

Read more:

FBM KLCI dives below 1,600 level to near four-year low
FBM KLCI dives below 1,600 level to near four-year low
by Wong Ee Lin



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Thursday, June 6, 2019

Huawei developed own operating system Hongmeng OS; 5G商用 中国准备好了! China roll-out affordable 5G

https://youtu.be/uHlrc7kWh-w

https://youtu.be/cxOw7_yw1cg
Huawei OS ‘Hongmeng’ could be known as ‘ARK OS’ globally

https://youtu.be/A2r9x3NLlHA

US vs Huawei: This is How the US Economy Crashes

 
https://youtu.be/OSIBbUixJ6Q

FED SIGNALS ECONOMIC COLLAPSE!! DOLLAR COLLAPSE IMMINENT...


https://youtu.be/86WOlta5jsA

 

Huawei CEO Ren Zhengfei remains positive, despite U.S. sanctions

 
https://youtu.be/QWmSLwdgXOc

这是特朗普面对中国犯的最大错误


https://youtu.be/Pno-AQ5ir6I

5G商用 中国准备好了! 20190605 | CCTV中文国际


https://youtu.be/0fGVP8v-NWI

Chinese consumers expected to use affordable 5G phones next year


After 5G commercial licenses have been officially issued, how long will Chinese people have to wait before they can use 5G smartphones?

The official issuance of the licenses shows that China -- the world's largest mobile phone market -- has entered the 5G era. Industry analysts predict that Chinese consumers will be able to use 5G smartphones at prices ranging from 2,000 yuan ($290) to 3,000 yuan next year.

"Some 5G smartphone products will be released this year, but will be quite expensive, over 10,000 yuan," Xiang Ligang, director-general of the Bei-jing-based Information Consumption Alliance, told the Global Times on Thursday. Consumers can buy 5G phones at affordable prices in a year, he noted.

Major regions such as Beijing, Shanghai and South China's Guangdong will be the first places covered by 5G networks. Based on previous in-formation unveiled by the three carriers, smartphone users will have access to 5G high-speed internet and voice services without having to change SIM cards.

China's telecoms industry regulator officially re-leased the first four 5G business licenses to Chi-na Mobile, China Union, China Telecom and Chi-na Broadcast Network on Thursday, helping the country get into the fast lane in commercializing the next generation of wireless technologies.

China released licenses a year earlier than scheduled to boost the economy while strengthening the overall telecoms sector in light of the US-led crackdown on Chinese telecoms vendors, Xiang noted.

"It will also help boost the sluggish smartphone market," he said.

Chinese smartphone makers such as OPPO and vivo have shown confidence by releasing the first batch of 5G phones as soon as possible, and will adjust shipments in line with demand, media re-ported on Thursday.

- Global Times





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Huawei could end up challenging Google



Huawei developed own operating system Hongmeng OS; 5G商用 中国准备好了! China roll-out affordable 5G


The battle over 5G network suppliers is part of a broader push by the Trump  administration to check China's rise as a global technology powerhouse.PHOTO: REUTERS 

https://youtu.be/O7cDVAEHqK4

5G商用 中国准备好了! 20190605 | CCTV中文国际
https://youtu.be/0fGVP8v-NWI

News Wrap: Huawei to develop 5G networks in Russia

https://youtu.be/Lzu4MBIzhyA

SHANGHAI/HONG KONG (REUTERS, BLOOMBERG) – China granted 5G licences to the country’s three major telecom operators and China Broadcasting Network Corp on Thursday (June 6), giving the go-ahead for full commercial deployment of the next-generation cellular network technology.

The approvals will trigger investment in the telecommunications sector which will benefit top vendors such as Huawei Technologies, just as the Chinese network equipment provider struggles to overcome a US blacklisting that has hurt its global business.

China approved four operating licences for 5G networks, setting the stage for the super-fast telecommunications system amid simmering tensions with the US over technology and trade.

The country’s three state-owned wireless carriers and China Broadcasting Network Corp were granted licences for full commercial deployment, according to state broadcaster CCTV.

The operators, China Mobile Ltd, China Telecom Corp and China Unicom Hong Kong Ltd, have been testing the technology in several cities including Beijing and Shenzhen.

Full deployment of 5G networks in a country with almost 1.6 billion wireless phone subscriptions is expected to boost local companies designing gear for applications in autonomous driving, robotics, remote surveillance and virtual reality. The faster-than-expected approvals also come as Shenzhen-based Huawei Technologies Co, the world’s largest manufacturer of networking equipment, has vowed to maintain its lead in the face of a US campaign pressuring allies not to use the company’s products.

Shares of some 5G-related companies fell in Hong Kong and Shanghai trading after the licence announcement, trimming gains made earlier in the week on expectations the companies would benefit from the push for the new networks.

China Tower Corp, the three major carriers’ infrastructure provider, fell 3% as of 10.50am in Hong Kong, paring its advance in the past four days to 9.1%. ZTE Corp, which makes handsets and telecom gear, dropped 4.3%, trimming its four-day rally to 7.1%.

Betting on the fate of the nation’s next generation of telecom networks has been one of the year’s hottest trades in China and Hong Kong. An index of telecom-related shares is up 20% this year, led by a 54% rally in ZTE’s Shenzhen-traded stock.

Beijing-based Xiaomi Corp in March said it would introduce China’s first 5G phone in May or June. Huawei and ZTE, have also said they intend to offer handsets compatible with the technology this year.

Introducing 5G will directly add 6.3 trillion yuan (US$912bil) to economic output and 8 million jobs by 2030, the China Academy of Information and Communications Technology estimates. — Bloomberg

Read more: 

If they must pick sides, tech firms will choose China

US President Donald Trump's latest confrontation with China's telecoms giant Huawei may plunge the world into a long-term technology “cold war,” forcing global companies to pick sides between the US and China.

US may escalate trade war in six ways

All parties suffer during the trade war, a game of “killing 1,000 enemies while losing 800 of our own.” Many institutions have forecast the impact of increased tariffs on China's economic growth to be around 1 percentage point. While there is no need to panic, we should also prepare for worst-case scenarios.
 Trump’s Huawei Threat Is Nuclear Option to Halt China’s Rise





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Wednesday, June 5, 2019

US global naked economic terrorism

https://youtu.be/VaREP75PlSA

https://youtu.be/YWdNP2u7voo

Global financial markets are facing a stark wake-up call that they need to unite to stand against acts of what can only be described as economic terrorism by a country which unilaterally imposes its will on others and pursues its own goals at the cost of the interests of others.

More than a year after US President Donald Trump fired the first tariff salvo at China, he is extending the battlefield around the world. On Friday, his administration announced that it will end special trade treatment for India, removing a status that exempts billions of dollars of the South Asian country's products from US tariffs. Trump is seriously mulling slapping tariffs on Mexican imports as he believes the country has taken advantage of the US for decades.

Even close allies cannot trust they will be exempt from Trump's tariff addiction. It was reported that the administration considered imposing tariffs on imports from Australia, but eventually decided against the move amid opposition from his aides, "at least temporarily."

Obviously, Trump, a businessman-turned president, is aiming his trigger finger regardless of the targets, be they US competitors or allies. Trump grumbles about his country subsidizing the world and weakening US industry and pledges to make America great again. But he doesn't realize that a great superpower is supposed to provide public goods rather than resorting to coercion for selfish gains. His tactics are nothing short of economic terrorism.

The International Air Transport Association has estimated that the US-China trade war and high fuel prices will wipe $7.5 billion off expected airline profits in 2019. This is just the figure from the airline industry, which is enough to show the disastrous impact the US-initiated economic terrorism has on the globe. Trump may disrupt the global supply chain with the US' economic clout, but how can a disrupted global supply chain serve the US' strategic objectives of being a great country?

What is worse, before the US becomes great again as the president wishes, he is actually employing the strategy of blocking other countries to take the lead, as we see in his actions in quashing Huawei's 5G advancement.

Later this month, leaders from the world's top economies will meet at the G20 summit in Osaka, Japan to discuss key economic issues that plague the world. The conventional views of globalization and its benefits are still shared by most countries, and many countries and regions are continuing to open their economies. They should unite to face the chaos created by the Trump administration and find a way forward, so the process of globalization will not be held hostage by the US' economic terrorism. - By Zhang Yi


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Monday, February 25, 2019

2nd Kim-Trump summit in Vietnam deserves more support

https://youtu.be/ofUtSOORUmk
https://youtu.be/_GhgGe7das8
Live: Kim arrives in Vietnam ahead of summit with Trump 第二次特金会 金正恩抵达越南
https://youtu.be/XMTJu1SeLUE North Korea's Kim Jong-un takes train to China - BBC News
https://youtu.be/Zvi4PBdd74Y

Inside train used by Kim Jong-un to travel to China - BBC News
https://youtu.be/_Bcpx6PUpys

Kim Jong-un en route to Vietnam summit by train
https://youtu.be/t4blLDfNrSo

According to media reports, North Korean leader Kim Jong-un left Pyongyang by train for Vietnam on Saturday for his second summit with US President Donald Trump in Hanoi, which reportedly will be held on February 27 and 28.

The upcoming second summit sends positive signals, indicating that Pyongyang and Washington have been moving forward on both denuclearization and permanent peace for the Korean Peninsula since the first summit last June.

Nonetheless, there exist anxieties among certain American and South Korean elites. They worry Trump may make too many concessions and harm Seoul's interests. In their view, the first Kim-Trump summit was a failure and Trump should not repeat the mistake in the upcoming meeting.

North Korea-US relations achieved a major breakthrough since the first summit, providing a new impetus for fundamentally solving the peninsula issue. However, those elites proclaimed that Trump's decision to stop the US-South Korea joint military exercise was a unilateral concession, while North Korea did nothing.

Pyongyang declared it would cease nuclear and missile testing, and dismantle its nuclear test site. According to this logic, did Pyongyang make a unilateral concession?

There is a serious lack of mutual trust between the US and North Korea. Washington requests Pyongyang to abandon nuclear weapons completely, while Pyongyang desires security guarantee and permanent peace on the peninsula. Both sides have been playing the game with their own chips from the outset, making the denuclearization process somewhat fragile.

Nonetheless, denuclearization is not something that can be accomplished in a single action, but through a cumulative process.

There are no more nuclear and missile tests, nor US-South Korea joint military exercises on the Korean Peninsula. Even verbal battles and threats between Washington, Seoul and Pyongyang have faded.

In addition, bilateral meetings between Pyongyang and Washington, and between Pyongyang and Seoul have been constantly taking place.

Both denuclearization and permanent peace on the peninsula are positive targets. From the perspective of the big picture, there is no need to argue which country is moving faster toward the two ultimate goals.

The old thinking must be altered of demanding only the other party take the initiative but using one's own responsibilities as a bargaining chip.

Both Washington and Pyongyang were once extremely tough. Now the peninsula's situation has been finally reversed. Trump has shown the will to move forward, which should be encouraged by both the US and South Korea.

The US partisan struggle should not take the Korean Peninsula issue as a new battlefield. As for concerns among some South Korean people, it is a disturbed way of thinking to worry US-North Korea reconciliation may undermine the US-South Korea alliance.

China welcomes the second Kim-Trump summit. Chairman Kim's travel through China from the north to south by train is meaningful. China has played a constructive role in Pyongyang's new routes. Beijing is both a promoter and a stakeholder in this summit.

We hope that the second summit will achieve new breakthroughs. Although the peninsula issues are complex, peace is obviously a good thing. Nothing is impossible to overcome.

Newspaper headline: Kim-Trump summit deserves more support -Source:Global Times

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