Monthly Archives: 

February 2019

Premier financial magazine bullish on Chinese stocks market

Chinese stocks market surged on Monday with benchmark indices in Shanghai and Shenzhen jumping over 5 percent, mak

ing daily turnover break through 1.04 trillion yuan ($155.5 billion), a new record since 2015. The Barron’s, a fin

ancial weekly published by Dow Jones & Company, said the performance of Chinese stocks is much better than the S&

P 500. Global investment management corporation BlackRock also suggested lasting gains of the bull market.

Barron’s said the CSI 300 index, which tracks the largest stocks traded in the Shanghai and Shenzhen

stock exchanges, rose 6 percent on Monday, with a year-to-date gain of nearly 24 percent, twice the gai

n in the S&P 500, making the CSI 300 index one of the best performing indices globally in 2019.

The ongoing finance sector reforms and further industry open-up could also help boost the Chinese economy and the stock market, the Barron’s report said.

China’s financial system has great potential in helping stabilize the economy, a previous China Daily report said, adding that the co

untry will deepen supply-side structural reform in the financial sector and strengthen the sector’s ability to serve the real economy.

stgongchen.cn

The problem with this message is simpledead peop

  need money.”Lankov is one of the few foreigners ever to study at Kim Il Sung University, the country’s most pr

estigious institution of higher learning. Today he runs the Korea Risk Group consultancy, teaches at Kookmin Uni

versity in Seoul and is considered one of the world’s experts on the inner workings of North Korea.

  He says Kim and his top advisers are cold, realistic and brutally rational. They believe that nuclear weapons are the key to their survival given the fate of Moa

mmar Gaddafi, Saddam Hussein and Ukraine as well as Trump’s decision to ditch the Iran nuclear deal.

  ”For the North Koreans, security comes first. And they believe that their security is imperfect if they don’t have some

nuclear weapons. A reduction of nuclear weapons can be negotiated, but denuclearization is a pipe dream,” Lankov said.

  Jackson, the former Defense Department official, is also unconvinced that Kim Jong Un is the reformer many hoped he would be.

  Though Kim is a millennial leader educated in the West, he has n

ow been in power for seven years — during which time he’s overseen more missile and nu

clear tests than his father and grandfather combined, without “meaningful signs” of economic change.

  ”What is different now than the previous 30 years that makes that control-versus-opening tradeoff worthwhile?” Jackson said.

www.ozsnl.cn

Huawei strongly denies the claims and is trying har

  d to persuade the world to use its 5G technology and not cave to pressure from Washington.

  ”This is not something that should be decided by politics,” Huawei’s chairman Guo Ping said on Sunday, ahead of the formal start of Mobile World Congress.

  Guo said he was hoping “independent sovereign states” will make “independent decision

s based on their own understanding of the situation and will not just listen to someone else’s order.”

  Huawei is taking the center stage at this year’s MWC in Barcelona. The event is expected to attract around 100,000 visi

tors. To get in, they will all need a badge like this, with a Huawei lanyard. pic.twitter.com/D6PRmZpqxe

  — Ivana Kottasová (@IvanaKottasova) February 24, 2019

  The US government is trying to convince its allies to shun Huawei equip

ment, which it says could be used by the Chinese government for spying. The company vehemently denies that claim.

  ”Just because you are from a certain country doesn’t mean your equipm

ent is not secure,” Guo said. He added that Huawei must abide by Chinese law and the

laws of countries where it operates. “Huawei will never, and dare not, and cannot violate any regulations,” he said.

  Vice President Mike Pence described Huawei as a “threat.” Secretary of State Mike Pompeo has warned other cou

ntries that using Huawei would make it more difficult for the United States to “partner” with them.

www.zrwrgz.cn

Mine accident leaves 21 dead, 29 hurt in Inner Mongolia

  An accident at a coal mine in Inner Mongolia that claimed 21 lives and injured 29 was c

aused by a brake glitch that forced a vehicle to go out of control and hit a ramp, according to local authorities.

  The accident occurred at about 8:20 am on Saturday at a mining company in North

China’s Inner Mongolia autonomous region, when a vehicle was transporting 50 workers to the mine.

  The cause of the accident is under investigation. All 29 injured were rushed to hospital and were in stable condition.

  Fu Jianhua, vice-minister of emergency management, arrived at Inner Mongolia

at 22:00 pm on Saturday with a team to supervise the rescue and investigation work.

  An emergency center which included four working teams for medical service, security and safety was set up.

qiancengdian.cn

delivery people consider their job ‘promising’ Surveyter tra

  BEIJING – A recent survey by China’s State Post Bureau said 35.8 percent of delivery workers c

onsidered their occupation “promising” and would like to continue in that position.

  The survey consisted of 6,000 delivery people across China mostly born in the 1980s and 1990s.

  About 76 percent of the delivery workers are from rural areas, wh

ile nearly 16 percent are from towns or counties, according to the survey.

  Major sources of stress for delivery workers include low wages and insufficient benefits, lack of understanding of t

heir job from customers and the public, long working hours and little chances of promotion, the survey said.

  Most of those surveyed earn less than 5,000 yuan ($743) per month but gen

erally gain more during the annual Double 11 online shopping spree in No

vember, during which over 80 percent of the country’s delivery workers handle more than 200 packages per day.

  China’s express delivery industry is rapidly developing, with around 3 million delivery workers.

  ”Delivery worker” was added to the revision of the national occupation list of China in 2015, meaning it has been recognized by the state as an occupation.

7893515.cn

Guaido has been working with a raft of global partners to br

  Venezuelans desperately needed food and medical supplies. The White House urged the Venezuelan military to allow aid into the country in a statement Friday.

  ”The United States strongly condemns the Venezuelan military’s use of force against unarmed civilians and innocent v

olunteers on Venezuela’s border with Brazil,” White House press secretary Sarah Sanders said.

  ”Egregious violation of human rights by Maduro and those who are following his orders will not go unpunished. The Unite

d States strongly urges the Venezuelan military to uphold its constitutional duty to protect the citizens of V

enezuela. The Venezuelan military must allow humanitarian aid to peacefully enter the country. The world is watching.”

  Aid is piling up on Venezuela’s border. Here’s why it’s not getting in

  The violence came as dueling concerts kicked off on the country’s western border with Colombia, where aid deliver

ies from the United States have been languishing since Maduro blocked the Tienditas Bridge.

www.qiuLuhuang.cn

Iran parades missile during anniversary of US Embassy takeover

  Iran commemorated the 38th anniversary of the US Embassy takeover Saturday with a potent missile display as thousands of de

monstrators gathered in Tehran to mark the event that triggered the hostage crisis and sparked the decades-old rift in US-Iranian relations.

  On November 4, 1979, Iranian student revolutionaries climbed over the walls of the US E

mbassy in Tehran and seized dozens of Americans, holding them hostage for 444 days.

  The former embassy compound is known locally as the “den of espionage,” and protests take place in front of it annually.

  One of Iran’s most powerful missiles, the Qadr, was prominently featured Saturday, along with anti-US and anti-Israel signs and chanting.

  The medium-range missile is liquid-fueled, with a range of 2,000 kilometers (1,243 miles), a

ccording to the semiofficial Fars News agency, which says it can reach as far as Israel.

  ”The new version of Qadr H can be launched from mobile platforms or silos in different positi

ons and can escape missile defense shields due to their radar-evading capability,” Fars reported.

  Trump says Iran violating nuclear agreement, threatens to pull out of deal

  Crowds chanted slogans condemning Washington’s policies toward Iran and shouted “Down With the US.”

  The US-Iranian relationship has grown even more strained in recent months, espec

ially after President Donald Trump publicly renounced the Iran nuclear deal in October, refusing to recer

tify the 2015 multilateral agreement in an effort to initiate tougher and more wide-ranging restrictions on Tehran.

www.qhfaaa.com

We’ll have some players back and there’s no point crying

  ”We must have faith,” Juventus coach Max Allegri told BT Sport.

  ”We’ll have some players back and there’s no point crying over spilled milk. We knew it was going to be tough, that Atletico Mad

rid force you to play badly, with a slow tempo. We moved the ball quicker in the first half, but not in the second.

  ”We got the approach wrong in the second half. It’s that simple. These things can happen, there will be great disappoint

ment after this 2-0, but we can turn it around. It won’t be easy, we need a great second leg, but it can be done and we must have faith.”

  In the night’s other game, 10-man Manchester City came from behind to win 3-2 at German side Schalke.

  Nabil Bentaleb scored two first-half penalties to cancel out Sergio Aguero’s opener and ensure Schalke led 2-1 at the interval.

  City hit back in the second half, recovering from losing Nicolas Otamendi to a re

d card before goals from Leroy Sane and Raheem Sterling secured victory.

  Pep Guardiola’s team had looked in control before the game was turned on its head by VAR.

www.gzbbcl.com

The UK would be ‘irresponsible’ to let Huawei into 5Gth

  Chinese tech giant Huawei is facing a new attack as it tries to persuade the UK government to let it help build super-fast 5G networks in the country.

  Top British cybersecurity officials are reportedly confident they can manage any risks from Huawei’s telecommunic

ations equipment, but a report published Wednesday by the Royal United Services Institute (RUSI), a top security think tank, said that would be a mistake.

  ”Allowing Huawei’s participation is at best naive, at worst irresponsible,” the report said, sugg

esting such a move could compromise the United Kingdom’s communications infrastructure.

  UK spies think they can handle Huawei in 5G networks. The US doesn’t agree

  The US government is pushing allies around the world to block wireless operators from buying Huawei gear for the 5G networks t

hey’re starting to build. US officials say the company’s technology could be used by Chinese intelligence agencies for spying.

  Huawei and the Chinese government have repeatedly denied the US allegations. Huawei didn’t immediately respond to a request for comment Wednesday.

  The report’s release comes days after the Financial Times reported that the UK’s National Cyb

er Security Centre had concluded the risks of using Huawei equipment in 5G networks could be managed.

www.aishedesat.com

The UK government, a key US ally on intelligence and security

  is expected to decide this spring which suppliers can provide technology for 5G networks. If it chooses to allow the use of Huawei gear

it could seriously undermine the US campaign against the company and influence other governments that are weighing how to handle the issue.

  The UK Department of Culture, Media and Sport said in a statement earlier this w

eek that it was “looking at a range of options” and that “no decisions have been taken.”

  ’A rigorous, ruthless advancement of China’s interests’

  The RUSI report — written by former diplomat Charles Parton, who spent 22 years working in mai

nland China, Hong Kong and Taiwan — warned that the UK government needed to stay alert for int

erference from the Chinese government across a range of fronts, including politics and research.

  Britain is a particularly appealing target for interference as a close

US ally with a large Chinese ethnic community and an open, advanced economy, Parton said.

  Huawei founder Ren Zhengfei: The US ‘cannot crush us’

  ”Beijing’s interference is not aimed at subverting the West, but represents a rigorous, ruthl

ess advancement of China’s interests and values at the expense of those of the West,” he wrote.

aishedesat.com