Headlines:

FBI only able to gather little evidence from suspected Chinese spy balloon

FBI Chinese spy balloon

The FBI has only been able to recover a small amount of evidence suspected Chinese spy balloon. The majority of the balloon’s “payload,” is still not accessible to the FBI. The FBI has started extracting salt and seawater to decontaminate some of the bones. Senior FBI officials familiar with the operation said on Thursday that … Read more

Australia to remove Chinese-made cameras from defence sites

Australia
  • Chinese-made security cameras are removed from premises to guarantee they are “fully secure.
  • Similar initiatives is taken in the United States and the United Kingdom.
  • Beijing has accused Australia of misusing national strength.

SYDNEY: Australia‘s military department will remove Chinese-made security cameras from its premises to guarantee they are “fully secure,” the government announced on Thursday.

It follows similar initiatives in the United States and the United Kingdom, which have taken steps to prevent government agencies from installing Chinese-made cameras at critical sites.

Both countries are concerned that Chinese enterprises would be obliged to disclose information gathered by the cameras with Beijing’s security services.

Beijing has accused Australia of “misusing national strength to discriminate against and oppress Chinese enterprises,” and has urged Canberra to ensure “fair” treatment for its companies operating in the country.

According to official numbers provided by opposition member James Paterson, at least 913 Chinese-made cameras have been deployed throughout more than 250 Australian government buildings.

This contains offices and facilities belonging to the defence, foreign affairs, and finance departments, as well as the attorney-office. general’s

According to Australian Defence Minister Richard Marles, staff will track down and remove all Chinese-made security cameras from department buildings.

“It’s a big item that has been brought to our notice, and we’re going to address it,” he said on national television.

“We must go through this exercise to ensure that our facilities are absolutely protected.”

The government-funded national War Memorial — a large 14-hectare (35 acres) facility in Canberra — also stated it would remove a small number of Chinese-made cameras, out of a “abundance of caution”.

Other government agencies either declined to respond or referred to Marles’ remarks.

Paterson, a vociferous critic of China‘s government, previously stated that Australian government facilities were “riddled” with “spyware” and that every Chinese-made camera should be taken out immediately.

‘Unacceptable risk’

The cameras were made by companies Hikvision and Dahua, which have been blacklisted in the United States for allegedly assisting the Chinese government carry out a “campaign of repression”.

Hikvision and Dahua have been linked in the “high-technology surveillance” of the Uyghur minority in Xinjiang, according to the US Department of Commerce.

The US prohibited the import of monitoring technology built by the two businesses in November last year, claiming it presented “an intolerable risk to national security”.

In the United Kingdom, a group of 67 MPs and Lords demanded that Hikvision and Dahua be banned in July of last year, following accusations that their equipment had been used to track Uyghurs.

In June 2021, a Hikvision CCTV camera filmed former health secretary Matt Hancock kissing an aide in breach of Covid standards, prompting his resignation.

Hikvision said it was “categorically false” to paint the company as “a threat to national security”.

“No respected technical institution or assessment has come to this conclusion,” the company told in a statement.

“Our products are compliant with all applicable Australian laws and regulations and are subject to strict security requirements.”

“We hope Australia will provide a fair, just and non-discriminatory environment for the normal operations of Chinese enterprises,” China’s foreign ministry spokesperson Mao Ning said.

“We oppose any wrong action of stretching the concept of national security and misusing national might to discriminate against and suppress Chinese enterprises.”

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Oil prices steady amid China demand revival, high U.S. inventories

Oil
  • Oil prices remained generally stable on Thursday.
  • Crude oil stocks in the United States reached their highest level
  • Crude futures in the United States declined 3 cents to $78.44 per barrel.

Oil prices remained generally stable on Thursday, as the potential of rising fuel demand in China as it reopens post-COVID limitations was countered by concerns that U.S. oil stocks reaching their highest level in months could signify declining demand in the world’s largest economy.

Brent crude prices rose 1 cent to $85.10 per barrel by 0446 GMT, while WTI crude futures in the United States declined 3 cents to $78.44 per barrel. This week, both benchmarks have risen more than 6%.

“U.S. crude oil … inventories have continued to exceed expectations, which to some extent erodes the bullish sentiments brought from China’s demand recovery hopes,” said analysts from Haitong Futures.

Crude oil stocks in the United States reached their highest level since June 2021 last week, thanks to increased production, according to the Energy Information Administration on Wednesday. Last week, gasoline and distillate stocks in the United States increased as demand remained weak.

According to Federal Reserve officials

More interest rate hikes are on the way, according to Federal Reserve officials on Wednesday, as the US central bank pushes forward with its efforts to lower inflation, while none were ready to indicate that January’s hot jobs report could force them back to a more aggressive monetary policy posture.

However, the anticipation of higher Chinese demand boosted oil prices as the world’s second-largest oil consumer halted a three-year rigorous zero-COVID policy requiring city-wide lockdowns and widespread testing in December.

“Travel has increased sharply in China following the Lunar New Year holidays. We expect Chinese oil consumption to increase by around 1.0 million barrels a day this year, with strong growth emerging as early as late in Q1,” said Daniel Hynes and Soni Kumari, analysts from ANZ bank in a note on Thursday.

“Overall, this should push global demand up by 2.1 million barrels a day in 2023.”

Meanwhile, BP Azerbaijan declared force majeure on Azeri crude shipments from the Turkish port of Ceyhan on Feb.7 after a massive earthquake struck Turkey and Syria early on Monday.

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Australian govt. orders checks on Chinese-made surveillance cameras in defense offices

chinese surveillance cameras

The Australian government will look into the surveillance systems. Chinese technology is prohibited in the US. Security cameras installed in Canberra will be removed. Defence Minister Richard Marles announced on Thursday that the Australian government will look into the surveillance systems in use at the defense department’s offices following accusations that cameras there installed by … Read more

US sources insist Chinese balloon was military in nature

US
  • The US intelligence officials say the balloon was employed for espionage by the Chinese military.
  • The US briefed 40 friendly countries on the alleged espionage.
  • Chinese officials have already denied employing surveillance balloons.

According to US intelligence officials, the balloon shot down on Saturday was employed for espionage by the Chinese military.

According to unnamed officials, such balloons were deployed to collect intelligence on strategically important countries.

Among them were Japan, India, Taiwan, and the Philippines.

Chinese officials have already denied employing surveillance balloons.

According to the Washington Post, the US intelligence agency believes that some of the balloons were launched from Hainan, a southern Chinese island with a naval military facility.

Quoting an unnamed senior Biden administration official, sources confirmed that the US intelligence community believed the balloon was part, in its words, of an “aerial surveillance program run by the People’s Liberation Army out of Hainan”.

A senior Biden administration official confirmed to sources that America briefed 40 friendly countries on the alleged espionage on Monday.

Deputy Secretary of State Wendy Sherman also announced in the meeting that one balloon had circumnavigated the globe in 2019, passing over Hawaii and Florida.

According to a Biden administration official, the Gang of Eight, a group of US Congressional leaders in charge of supervising national intelligence affairs, would be briefed on the development on Wednesday, and Congress will be updated on Thursday.

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China spy balloon: US Navy has released photographs of debris

US
  • Navy’s elite explosives squad recovered the debris on Sunday.
  • The navy said the debris was dispersed across seven miles.
  • The item will now be analyzed to see whether or not it was surveillance equipment.

The US Navy released images of a possible Chinese spy balloon blown out of the sky on Saturday.

The US Fleet Forces Command shared many photographs on Facebook of the balloon’s debris being loaded into a boat.

According to the article, the sailors who recovered the debris on Sunday were members of the Navy’s elite explosives squad.

The item will now be analyzed to see whether or not it was surveillance equipment.

According to US officials, the balloon is around 200 feet (60 meters) tall, with the payload part equal in size to regional airliners and carrying hundreds, if not thousands, of pounds.

China has constantly stated that the “airship is for civilian use and entered the US due to force majeure – it was completely an accident”.

According to US authorities, the Pentagon attempted to organize a phone contact between Secretary of Defense Lloyd Austin and his Chinese counterpart after the balloon was shot down, but China refused.

“Lines between our militaries are particularly important in moments like this,” defense press secretary Brigadier General Patrick Ryder said in a statement. “Unfortunately, the PRC has declined our request.”

The discovery of the balloon set off a diplomatic crisis, with US Secretary of State Antony Blinken immediately calling off a weekend trip to China – the first such high-level US-China meeting there in years – over the “irresponsible act”.

A day after being shot down by a fighter jet, the balloon was recovered off the coast of Myrtle Beach, South Carolina.

The navy said the debris was dispersed across seven miles (11 kilometers) of the Atlantic Ocean, and two naval ships, including one equipped with a big crane for retrieval, were dispatched to the region. However, the photographs show that the mounds of balloon material may be dragged aboard by hand.

As part of the hunt, the US Navy has also deployed unmanned underwater vehicles.

According to experts, the balloon’s wreckage might give the US with important insight into Chinese aerial surveillance equipment and procedures, allowing them to better understand what the balloon was capable of and how it relayed data.

Efforts to recover the balloon’s equipment, on the other hand, have been hindered by the necessity to protect US troops from potentially hazardous objects such as explosives or battery components.

On Thursday, US defense officials declared that they were tracking the unusual object and would shoot it down once it was safely over the sea.

Footage shown on US television networks showed the balloon crashing into the sea after a tiny explosion.

The Pentagon announced on Friday that a second Chinese surveillance balloon had been sighted over Latin America, with reports of sightings across Costa Rica and Venezuela.

Colombia’s Air Force reports that an identifiable object, thought to be a balloon, was discovered above 55,000 feet in the country’s airspace on 3 February.

It claims it followed the object until it departed the airspace and that it posed no threat to national security.

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Earthquake in Turkey & Syria: Pakistan and China to supply aid

Turkey and Syria
  • China pledged 400 million yuan in aid.
  • Chinese Red Cross Society will provide 2 million yuan in emergency humanitarian help.
  • Pakistan to send 15 tonnes of emergency supplies to Turkey and Syria.

China has pledged 400 million yuan (£49 million; $58.9 million) in aid to Turkey. According to Deng Boqing, vice chairman of the China International Development Cooperation Agency, this will include rescue and medical personnel as well as various emergency supplies.

The government body in charge of international aid activities in the country is coordinating the delivery of humanitarian materials to Syria. It will also expand ongoing food relief operations in Syria, according to Deng.

The Chinese Red Cross Society said that it will provide 2 million yuan in emergency humanitarian help to the Turkish Red Crescent and the Syrian Red Crescent.

Meanwhile, Pakistan has sent rescue personnel and relief goods to quake-hit areas in Turkey. In a statement on Tuesday, the prime minister’s office said that from Wednesday, Pakistan International Airlines will send one plane carrying 15 tonnes of emergency supplies to Turkey and Syria.

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Saudi Arabia boosts oil prices for march

Saudi Arabia
  • The company’s flagship Arab Light grade was raised to $2 a barrel over the regional benchmark.
  • A  20-cent increase over the previous month’s pricing.
  • This will be the first increase in the grade since September.

Saudi Arabia suddenly boosted oil prices for its primary Asian market, as well as for clients in the United States and Europe.

The decisions came despite a 7% drop in crude prices this year, as rising interest rates in the United States and Europe offset expectations about a comeback in Chinese demand following the end of coronavirus lockdowns.

Saudi Aramco, the state-owned oil company, raised the majority of the pricing for petroleum that will be exported to Asia in March. The company’s flagship Arab Light grade was raised to $2 a barrel over the regional benchmark, a 20-cent increase over the previous month’s pricing.

It’s the first increase for the grade since September, and it contradicts a Bloomberg poll of dealers and refiners, which projected a 20-cent drop.

The kingdom boosted all European prices by $2 per barrel, and most US prices by 30 cents.

Many OPEC members have recently expressed optimism about China, which is likely to be the single most important factor influencing oil price movements this year.

Haitham Al Ghais, the group’s secretary-general, expressed optimism about China. And the director of Kuwait’s national energy company claimed to Bloomberg that consumption in the world’s biggest crude importer was already on the rise and that it “is not a dead-cat bounce”.

According to Goldman Sachs Group Inc., Brent will rise back above $100 per barrel in the third quarter as China completely reopens its economy, citing low stockpiles and spare capacity among producers. Morgan Stanley has made a similar prediction.

Saudi Caution

Nonetheless, Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman, stated on Saturday that the country will proceed with caution in increasing oil production.

“I will believe it when I see it and then take action,” Prince Abdulaziz said, referring to higher oil demand globally.

Saudi Arabia is the world’s largest producer of oil. It exports over 60% of its crude supplies to Asia under long-term contracts, with pricing evaluated monthly. The top four buyers are China, Japan, South Korea, and India. Other Arabian Gulf producers, including as Iraq and Kuwait, tend to carefully follow its activities.

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Qatar sends an envoy to Kabul to meet with Taliban

Qatar
  • An envoy for Qatar’s foreign affairs minister visited Kabul.
  • The Taliban regime imposed limitations on women’s education and NGO activity.
  • No foreign country has publicly recognized the Taliban government.

KABUL – According to an Afghan foreign ministry statement, an envoy for Qatar‘s foreign affairs minister visited the Afghan capital on Sunday and met with the Taliban administration’s acting foreign minister.

The visit comes after the Taliban regime imposed limitations on women’s education and NGO activity, which Qatar described as “very worrying” in the face of overwhelming international condemnation.

According to Afghan foreign affairs spokesperson Abdul Qahar Balkhi, Qatar’s special envoy Mutlaq Bin Majed al-Qahtani met with acting foreign minister Amir Khan Muttaqi in Kabul.

“Both sides discussed political coordination, the strength of the relationship, and humanitarian aid,” Balkhi said.

Although China and Pakistan dispatched their foreign ministers last year, and the UN deputy special envoy recently came to address women’s rights and relief, no foreign country has publicly recognized the Taliban government.

The Taliban’s political office has been in Qatar since roughly 2012 when they were fighting an insurgency against the Western-backed government until they took power in 2021.

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China owns balloon over Latin America, claims Beijing

China

China has acknowledged that a balloon sighted over Latin America belongs to them. And was used for flight experiments, but it veered off course due to weather. Beijing has never before acknowledged that the balloon belongs to them. The balloon that was sighted over Latin America’s skies belongs to China and was used for flight … Read more

US searches for wreckage of suspected Chinese spy balloon

Chinese
  • The US suspects the balloon was spying on key military facilities.
  • Its discovery triggered a diplomatic crisis.
  • The Chinese government claimed it was a weather ship gone awry.

US Navy divers are working to recover the wreckage of the Chinese surveillance balloon that was shot down off the coast of South Carolina.

America’s former top military general predicted that it would happen swiftly enough for scientists to begin analyzing its technology.

On Saturday, fighter jets brought the craft down over US territorial waters, scattering debris across a large region.

The US suspects the balloon was spying on key military facilities.

Its discovery triggered a diplomatic crisis, prompting US Secretary of State Antony Blinken to cancel his trip to China this weekend.

The Chinese government denied it was used for spying and claimed it was a weather ship gone awry.

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Purposely released the balloon

Admiral Mike Mullen, former chairman of the US Joint Chiefs of Staff, claimed on Sunday that the Chinese military may have purposely released the balloon to disrupt Mr. Blinken’s trip to China. His visit would have been the first high-level meeting between the United States and China in years.

Adm Mullen rejected China’s suggestion it might have blown off course, saying it was maneuverable because “it has propellers on it”.

“This was not an accident. This was deliberate. It was intelligence,” he added.

Politicians from the Republican Party. Meanwhile, US President Joe Biden has been accused of dereliction of duty for allowing the balloon to travel freely around the country.

Brazen effort

Marco Rubio, the vice-chair of the Senate intelligence committee, told it was a “brazen effort” by China to embarrass the president ahead of his State of the Union address on Tuesday.

Brenda Bethune, the mayor of Myrtle Beach which is near where the object was shot down, said: “I do have concerns about how the federal government can allow a foreign adversary to fly uninterrupted from Montana to our doorstep.”

She expressed optimism that the administration would explain what happened and how it will be avoided in the future.

Martin Willis stated that he was near Myrtle Beach when he witnessed the fighter jet fire down the suspected spy balloon.

He told he couldn’t believe what he was witnessing. “It was really exciting. It felt very historic,” he said.

Police have asked residents not to touch or move any debris they come across. “Tampering could interfere with [the] investigation,” according to the Horry County Police Department.

The object’s fragments landed in 47ft (14m) of water, which is shallower than officials predicted, and are spread out over seven miles (11km).

Explaining the decision to shoot the balloon down, a US defense official said in a statement, that “while we took all necessary steps to protect against the PRC [China] surveillance balloon’s collection of sensitive information, the surveillance balloon’s overflight of US territory was of intelligence value to us”.

 Strong dissatisfaction from the Chinese government

China’s foreign ministry expressed “strong dissatisfaction and protest against the US’s use of force to attack civilian unmanned aircraft”.

In a written statement, the Chinese government said it would “resolutely safeguard” the rights and interests of the company operating the balloon and that it reserved the right to “make further responses if necessary”.

Mr. Biden approved the plan to bring down the balloon on Wednesday but decided to wait until it was over water to avoid endangering people on the ground.

The United States Federal Aviation Administration (FAA) temporarily halted all civilian flights at three airports along the South Carolina coast and recommended mariners avoid the area.

The event has strained relations between China and the United States, with the Pentagon calling it an “unacceptable infringement” of US sovereignty.

According to US military officials, a second Chinese surveillance balloon was detected above Latin America on Friday. On the same day, Colombia’s Air Force reported that an identifiable object, believed to be a balloon, was discovered above 55,000 feet in the country’s airspace on 3 February.

It claims it followed the object until it departed the airspace and that it posed no threat to national security.

China has not publicly commented on the second balloon.

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China expresses ‘strong dissatisfaction’ over US shooting down balloon

China
  • Beijing condemned the Pentagon’s decision.
  • China expresses strong dissatisfaction and protests against the use of force.
  • The surveillance balloon was being brought down by a missile fired from an F-22 jet.

China: Beijing on Sunday condemned the Pentagon’s decision to fire down an alleged Chinese surveillance balloon observed floating over North America, accusing the United States of “clearly overreacting and seriously violating international practice”.

“China expresses strong dissatisfaction and protests against the use of force by the United States to attack the unmanned civilian airship,” Beijing’s foreign ministry said in a statement, adding that it would “reserve the right to make further necessary responses”.

The plane flew over North America for many days, heightening tensions between Washington and Beijing, before being brought down by a missile fired from an F-22 jet on Saturday, according to Pentagon officials.

US Secretary of Defense Lloyd Austin called the operation a “deliberate and lawful action” that came in response to China’s “unacceptable violation of our sovereignty”.

American officials first said on Thursday that they were tracking a large Chinese “surveillance balloon” in US skies.

After some hesitation, Beijing accepted ownership of the “airship,” but claimed it was a meteorological balloon that had been disoriented.

The Chinese foreign ministry on Sunday said it had “clearly demanded that the United States properly manage the problem in a calm, professional, and restrained manner”.

The US “insisted on deploying force, manifestly overreacting and significantly breaking international practice,” according to Beijing.

China will resolutely safeguard the lawful rights and interests of relevant firms and retain the right to take any additional necessary actions,” the ministry stated in its statement.

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Ten people killed in several avalanches across the Austrian

Ten people

Over the weekend, avalanches in the Austrian and Swiss Alps claimed the lives of ten individuals. At numerous ski slopes, tourists from New Zealand, China, and Germany were among the fatalities. A level four avalanche notice, the second highest, was issued by Austrian officials. Over the weekend, avalanches in the Austrian and Swiss Alps claimed … Read more

Why did the US took so long to shoot down the surveillance balloon?

US
  • The US believes that the week-long delay may actually work in its favor.
  • The order came when the balloon was just off the coast of South Carolina.
  • A single F-22 fighter went up to 58,000 feet and fired an Aim-9X Sidewinder missile.

Washington: US President Joe Biden said he intended to shoot down an alleged Chinese “spy” balloon as soon as he found out about it, but the week-long delay may actually work in his favor.

“I told them to shoot it down,” he told reporters on Saturday, referring to his top generals. “They said to me, ‘Let’s wait till the safest place to do it.’

The order came when the balloon was just off the coast of South Carolina and no longer a risk to anyone below. A single F-22 fighter went up to 58,000 feet and fired an Aim-9X Sidewinder missile, the white contrails of which could be seen against the stark blue sky by people on the ground. The balloon popped, and the equipment it was carrying fell to the ground.

I told them to shoot it down. They said to me, ‘Let’s wait till the safest place to do it. -Joe Biden

Over the course of the week, the balloon had the most impact on the first visit to China by a Secretary of State in five years. Top diplomat Antony Blinken canceled his trip due to “unacceptable and irresponsible” surveillance, according to China’s top foreign policy official.

BIDEN CONGRATULATES US MILITARY

Biden praised the military for successfully bringing the balloon down. He went on to say that the Pentagon had urged that the shot be done over water and that he had approved the ‘balloon”s downing on Wednesday.

The US has already utilized the Chinese spy balloon to strengthen military and intelligence connections with its closest allies, and it has informed partners about the situation. The Pentagon complimented Canadian peers for following the balloon above North American airspace, while South Korea’s foreign minister requested an explanation from China during a session with Blinken on Friday.

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Despite the fact that millions of people were aware of the Chinese balloon floating high above the US, Biden did not notify Beijing before the US aircraft brought it down, according to persons familiar with the event.

China reacts

China was outraged by the decision to fire down the balloon, claiming that the US had violated international rules by attacking what it claimed was a meteorological balloon that had blown off course.

While US officials had advised their Chinese counterparts that downing the balloon was an option, the unwillingness to communicate with China before to the missile strike revealed a new level of animosity between the two countries.

Biden’s decision to wait several days before shooting down the balloon drew a barrage of criticism from Republicans who said his administration was weak on China and should have gotten rid of it immediately, or at the very least before it drifted over Montana, which is home to a large portion of the US’s Minuteman intercontinental ballistic missiles.

The US military and intelligence agencies will now have access to a sophisticated piece of equipment used by their main geopolitical rival. A Pentagon official told reporters on Saturday that the operation to remove the debris with intelligence value is now underway, and that the US believes the balloon had a wide range of intelligence-gathering capabilities.

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US shoots down Chinese spy balloon over ´unacceptable´ violation

Chinese spy
  • The action occurred Saturday afternoon.
  • President Joe Biden praised fighter pilots for bringing the balloon down.
  • Officials in the United States were originally hesitant to shoot down the device.

WASHINGTON – A US fighter aircraft shot down a Chinese spy balloon off the coast of South Carolina on Saturday, the Pentagon said, in response to Beijing’s “unacceptable violation” of US sovereignty.

President Joe Biden praised fighter pilots for bringing the balloon down in US airspace and above US territorial waters after it had been flying above the country for days.

“They successfully took it down. And I want to compliment our aviators who did it,” Biden told reporters in Maryland.

US Secretary of Defense Lloyd Austin called the operation a “deliberate and lawful action” that came in response to China´s “unacceptable violation of our sovereignty,” he said.

The action occurred Saturday afternoon, following the temporary closure of three southeastern airports as part of a “national security endeavor,” according to the Federal Aviation Administration.

The balloon looked to be descending vertically to the water in footage carried on US television networks.

Officials in the United States were originally hesitant to shoot down the device, afraid that it may injure people and damage property on the ground.

When asked about the incident earlier in the day on Saturday, Biden pledged to “take care” of it.

As soon as possible

Biden told reporters Saturday he had initially ordered the military on Wednesday to shoot down the craft “as soon as possible.”

“They decided — without doing damage to anyone on the ground… that the best time to do that was as it got over water,” Biden said.

The controversy erupted Thursday when American officials said they were tracking a large Chinese “surveillance balloon” in US skies.

As a result, Secretary of State Antony Blinken canceled a rare trip to Beijing intended to defuse increasing US-China tensions on Friday.

After some reluctance, Beijing recognized possession of the “airship,” but claimed it was a weather balloon that had been blown off course, and expressed regret for the incident.

“The airship is from China. It is a civilian airship used for research, mainly meteorological, purposes,” China´s foreign ministry said in a statement Friday.

“The Chinese side regrets the unintended entry of the airship into US airspace due to force majeure,” it said, using the legal term for an act outside of human control.

The balloon had sailed over portions of the northwestern United States, notably Montana, which are home to key airbases and strategic nuclear weapons in underground silos, heightening fears.

A sheriff in York County, South Carolina, cautioned residents not to try to shoot down the plane.

“Yes, there are reports that the Chinese balloon is flying over our area at the moment,” said a post on the Twitter account of Sheriff Kevin Tolson.

“It´s flying at 60,000+ feet. Don´t try to shoot it!! Your rifle rounds WILL NOT reach it. Be responsible. What goes up will come down, including your bullets.”

The balloon was apparently flying at a height considerably above that of commercial airliners, while several private pilots complained on social media that it was too close.

The Pentagon announced Friday that another suspected Chinese surveillance balloon was detected over Latin America, but did not specify where it was seen.

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China asks for calm on “spy” balloon in US airspace

China

China recommends “cool-headed” management of a dispute with a massive Chinese balloon. Antony Blinken cancelled a trip to Beijing, calling the existence of the “spy” balloon “irresponsible conduct”. John Kerry says Chinese spy blimp over the US was “unacceptable” and “irresponsible” . China has recommended “cool-headed” management of a dispute with a massive Chinese balloon … Read more

Indonesia as ASEAN chair will step up talks on South China Sea code

Indonesia
  • Indonesia is prepared to host a round of COC negotiations this year.
  • Indonesia set up negotiations to finalize the code of conduct.
  • ASEAN nations have competing claims in the crucial waterway with China.

Jakarta: Indonesia aims to step up negotiations with China and other Southeast Asian countries to finalize a code of conduct (COC) for the disputed South China Sea, its foreign minister said on Saturday, as tensions in the vital waterway rise.

Foreign Minister Retno Marsudi was addressing in Jakarta at the conclusion of a conference of the Association of Southeast Asian Nations (ASEAN), the 10-member regional organization presided over by Indonesia this year.

“ASEAN’s outlook on the Indo-Pacific was central to the discussion,” she said. “We also discussed about the COC, the commitment of members to conclude the negotiation of the COC as soon as possible.”

Negotiations on the COC, a planned framework to aid in the resolution of territorial and maritime issues in the canal, have been deadlocked for years as some member states prioritize bilateral ties with China over regional consensus.

According to the foreign minister, Indonesia is prepared to host a round of COC negotiations this year, with the first taking place in March.

China claims sovereignty over practically the entire South China Sea based on its U-shaped “nine-dash line,” which the Permanent Court of Arbitration in The Hague said in 2016 had no legal basis.

The Philippines allowed the US increased access to its military sites earlier this week, in part due to Beijing’s broad claims in the resource-rich maritime area.

ASEAN nations the Philippines, Vietnam, Malaysia, and Brunei all have competing claims in the crucial waterway with China.

Although Indonesia is not an official claimant, it has received criticism from China on its development of oil and gas deposits in the North Natuna Sea. The government sent a warship to the area last month to keep an eye on a lingering Chinese coast patrol craft.

On the sidelines of the event, Sidharto R. Suryodipuro, director of ASEAN cooperation at Indonesia’s foreign ministry, said that “new approaches” would be explored by all ASEAN member states and Chinese counterparts to achieve progress on the COC.

“What’s important is that all agree that this should be an outlook that is implementable and in accordance with international law,” he said.

Separately, ASEAN members concluded their talks by reiterating their support for the bloc’s five-point peace plan for Myanmar, which includes the end of hostilities and the beginning of a dialogue.

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China’s super-rich relocate their wealth and partying to Singapore

Singapore
  • Chinese families are trying to hide their fortune from the Communist Party.
  • The country’s mega-rich have already booked flights to Singapore.
  • The important Asian financial center checks all the criteria for migrating tycoons.

Singapore is experiencing an inflow of ultra-wealthy Chinese families trying to hide their fortune from a Communist Party that is more suspicious of them.

Beijing’s recent crackdowns on internet billionaires and tax-evading celebrities, along with three years of zero COVID, have prompted many wealthy Chinese to seek refuge abroad.

Insiders told that some of the country’s mega-rich have already booked flights to Singapore, concerned about the fate of their assets.

The important Asian financial center checks all the criteria for migrating tycoons.

For the past six decades, Singapore has been ruled by a single party, and labor strikes and street rallies are prohibited. Taxes are quite low, and the majority of the population is ethnic Chinese.

Recent Chinese arrivals have made their influence felt in Singapore, with some relocating to luxurious villas with waterfront views on Sentosa Island, which also has a theme park, a casino, and a prominent golf club.

“You can only imagine how they spend their money. It’s insane, “Pearce Cheng, CEO of AIMS, an immigration and relocation firm, agreed.

He remembers visiting a client’s party when he was served a rare Japanese “Yamazaki 55″ whisky costing roughly $800,000 per bottle.

Cheng’s firm also assists in the purchase of luxury condos, the hiring of chauffeurs, and the enrollment of children in private schools. It has even spent $61,000 on cigars.

The newcomers drive Rolls Royces and Bentleys and are frequently seen at top-tier golf clubs like as the exclusive Sentosa Golf Club, which charges international members $670,000 per year.

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My money is mine

Moving to Singapore puts China’s wealth beyond the grasp of Beijing, whose recent high-profile crackdowns have alarmed billionaires.

When Chinese regulators canceled a big IPO in 2020, Jack Ma, one of the most recognizable faces in Asian business, lost an estimated $25 billion.

Other Chinese tycoons are concerned that the Communist Party may apply similar pressure or possibly take over their enterprises at low rates, according to an accountant familiar with the situation.

“Moving to Singapore is about ensuring that the family money is protected and can last for future generations,” explained the accountant.

According to another industry insider, Singapore is becoming considered as a home rather than merely a backup plan, with clients telling him, “At least when I’m here, I know my money is mine.”

Haidilao, the founder of China’s largest hotpot chain, has established a so-called family office in Singapore.

According to the Monetary Authority of Singapore, the number of family offices – wealth management firms specialised to individual and group assets — increased from 400 in 2020 to 700 in 2021.

Loh Kia Meng, co-head of Dentons Rodyk’s private wealth and family office practises, projected that 1,500 family offices would have been established by the end of last year.

“I won’t be surprised if the total figure by the end of 2022 shows that one out of two new family offices originates from China,” Loh said.

Neutral zone

Analysts expect the outflow to continue even if China’s tight zero-COVID policy and limits have already been eased.

Political tensions between Beijing and Washington are fueling the desire of China’s wealthiest to relocate abroad.

According to Song Seng Wun, a regional economist at CIMB Private Banking, Singapore is a “very handy neutral zone” where the mega-rich may conduct business.

The city-state has skillfully handled its relations with both Washington and Beijing, maintaining close security connections with the US while retaining strong trading ties with China.

“Media attention on prominent wealthy individuals setting up family offices in Singapore cast the spotlight on our little island and stirred interest,” said Loh.

“If the worlds rich are congregating in Singapore, why not me?

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