China blocks social media accounts of Covid policy critics

China blocks social media accounts

More than 1,000 accounts that criticized the government’s Covid got blocked. Weibo did not identify the posts that had sparked the response. China will no longer require foreign visitors to undergo quarantine. More than 1,000 social media profiles that criticized the government’s Covid policy have been deleted in China, some of which had millions of … Read more

Billionaire Jack Ma to give up control of China’s Ant group

Jack Ma
  • Jack Ma indirectly owned 53.46% of his shares.
  • he will only possess 6.2% of the voting rights after the adjustment.
  • The adjustment will not change the economic interests of any shareholders.

BEIJING: In response to a Communist Party assault on the country’s internet sector that singled out the flamboyant billionaire, Jack Ma will cede leadership of Chinese fintech behemoth Ant Group, the business announced on Saturday.

Ma, one of China‘s most well-known businessmen, once exemplified a generation of Chinese technology moguls with his rags-to-riches personal story and fondness for public spectacle.

However, the former English teacher has withdrawn from the public eye after Beijing destroyed Ant’s anticipated IPO in Hong Kong in 2020 as a result of his scathing remarks about government regulators.

In a statement released on Saturday, his business announced changes to its ownership structure that would prevent “any shareholder, acting alone or in concert with other parties, from exercising control over Ant Group.”

The notice outlined the company’s previous complicated organizational structure and stated that Ant was the “control person” because Ma indirectly owned 53.46% of his shares.

Based on the information in the statement, he will only possess 6.2% of the voting rights after the adjustment.

The Ant statement stated that the modification was made to further improve the stability of the company’s corporate structure and the sustainability of its long-term growth.

Ten individuals — including the founder, management, and staff — will “exercise their voting rights independently”, it said.

The adjustment will not change the economic interests of any shareholders.

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Afghan-China oil extraction agreement

Afghan-China

Eight IS members were killed and numerous more were detained. The 25-year agreement highlights China’s economic presence in the area. A copper mine in the country’s east may be operated by a state-owned enterprise in China. To dig for oil in Afghanistan’s north, the Taliban government will negotiate a contract with a Chinese company. Since … Read more

US warship passes the Taiwan Strait

US

China charged the US plane with acting in a dangerous manner. Last year, tensions in the Taiwan Strait rose sharply. USS Chung-passage Hoon’s demonstrated US support for a “free and open Indo-Pacific”. On Thursday, a US warship crossed the Taiwan Strait, which separates Taiwan from the Chinese mainland, drawing ire from Beijing. According to the … Read more

WHO: China ‘under-representing’ true impact of Covid outbreak

Covid

WHO wants China’s hospitalization and mortality data ASAP. WHO disputes China’s “narrow” definition of Covid fatality. Over Lunar New Year, experts fear the epidemic could spread to rural areas. Top global health experts have urged Beijing to provide more information about the explosive spread as the World Health Organization has accused China of “under-representing” the … Read more

Former NATO chief wants countries to punish China for attacking Taiwan

NATO chief
  • The former NATO secretary-general warned during a visit to the island on Thursday.
  • Democratic nations should make it clear the “grave economic consequences.”
  • China would experience if it took action against self-governing Taiwan.

China has increased pressure on Taiwan to push its sovereignty claims despite the democratic island nation’s strong opposition. Over the past three years, Chinese air force flights have been conducted practically daily close to the island.

Anders Fogh Rasmussen compared China’s military aggressiveness towards Taiwan to Russia’s invasion of Ukraine, arguing that democratic nations must band together to assure Ukraine’s success in order to prevent a Chinese attack on Taiwan.

Rasmussen told reporters at a news conference in Taipei that “any attempt by China to change the status quo in Taiwan by force should generate an equally unified response and we must make this clear to China now.”

“Compared to Russia, China is much more dependent on global supply systems. Clearly stating the dire economic repercussions of any invasion right now would be a highly effective deterrence “, he asserted, adding that he thought Chinese President Xi Jinping was keenly monitoring the course of the Ukrainian conflict.

Until he left the transatlantic defense alliance in 2014, former Danish Prime Minister Rasmussen was one of the world’s most senior diplomats. He urged European nations to develop “comprehensive” penalties against China in the event that it ever moves on Taiwan.

If necessary, China retains the right to annex Taiwan by the use of force. Taiwan contends Beijing’s claims are invalid since the People’s Republic of China has never ruled the island and that only its people have the authority to determine their own future.

Rasmussen suggested that European nations take part in training exercises with Taiwan’s armed forces, which now rely primarily on American and domestically produced weapons.

“The success of Ukraine must be ensured by everyone who supports a democratic Taiwan and an international system based on rules. The free world must back the people of Taiwan and Ukraine in making their own decisions about their future.”

The former NATO secretary-general warned during a visit to the island on Thursday that democratic nations should make it clear the “grave economic consequences” China would experience if it took action against self-governing Taiwan.

China has increased pressure on Taiwan to push its sovereignty claims despite the democratic island nation’s strong opposition. Over the past three years, Chinese air force flights have been conducted practically daily close to the island.

Anders Fogh Rasmussen compared China’s military aggressiveness towards Taiwan to Russia’s invasion of Ukraine, arguing that democratic nations must band together to assure Ukraine’s success in order to prevent a Chinese attack on Taiwan.

Rasmussen told reporters at a news conference in Taipei that “any attempt by China to change the status quo in Taiwan by force should generate an equally unified response and we must make this clear to China now.”

“Compared to Russia, China is much more dependent on global supply systems. Clearly stating the dire economic repercussions of any invasion right now would be a highly effective deterrence “, he asserted, adding that he thought Chinese President Xi Jinping was keenly monitoring the course of the Ukrainian conflict.

Until he left the transatlantic defense alliance in 2014, former Danish Prime Minister Rasmussen was one of the world’s most senior diplomats. He urged European nations to develop “comprehensive” penalties against China in the event that it ever moves on Taiwan.

If necessary, China retains the right to annex Taiwan by the use of force. Taiwan contends Beijing’s claims are invalid since the People’s Republic of China has never ruled the island and that only its people have the authority to determine their own future.

Rasmussen suggested that European nations take part in training exercises with Taiwan’s armed forces, which now rely primarily on American and domestically produced weapons.

“The success of Ukraine must be ensured by everyone who supports a democratic Taiwan and an international system based on rules. The free world must back the people of Taiwan and Ukraine in making their own decisions about their future.”

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China Covid : EU officials ‘strongly’ urges pre-departure testing

EU “encouraged” member states to test Chinese passengers for COVID-19 China has threatened the EU of “countermeasures” France, Spain, and Italy have already introduced pre-airport flights for Chinese travelers. The EU “encouraged” member states to test Chinese passengers for COVID-19 before departure. The action might upset Beijing and has been opposed by the global airline … Read more

Joe Biden expresses “worry” about China COVID situation

Joe Biden
  • WHO says China underreported virus-related deaths, hospital admissions, and patients in ICU.
  • US added its name to the list of nations that have limitations on tourists from China.
  • Hospitals in China are at capacity and the country’s burial homes are being overrun.

In response to the World Health Organization’s (WHO) criticism of Beijing, US Vice President Joe Biden expressed alarm over the Covid situation in China.

According to WHO, China underreported virus-related deaths, hospital admissions, and patients in intensive care units.

After China ended its draconian “Zero Covid policy” after almost three years, the United States added its name to the list of nations that have limitations on tourists from China. According to reports, hospitals in China are at capacity and the country’s burial homes are being overrun by the influx.

Joe Biden’s statement about China’s response to the epidemic, “They’re very sensitive … when we suggest they haven’t been that forthcoming.”

Beijing announced one connected fatality on the mainland on Wednesday, down from five on Tuesday, bringing the total number of deaths associated with the Covid issue to 5,259. This is despite Beijing continuing to downplay how serious the situation is.

While European Union officials advised that passengers flying from China should have a negative test before they begin their flights, certain nations have made it mandatory for travelers from China to undergo Covid testing. In response to concerns about the new variety, nations have also started testing and sequencing wastewater on aircraft coming from China and at airports that handle international flights. The limitations have drawn criticism from Beijing, which has dubbed them unreasonable and unscientific.

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WTA asserts ‘Peng’ situation must be resolved before returning to China

WTA asserts 'Peng' situation must be resolved before returning to China

WTA tournaments to China in 2023 will hinge on a resolution to Peng Shuai issue. Peng accused former Vice-Premier Zhang Gaoli of sexual assault in 2021. WTA has received confirmation Peng is safe and comfortable. The Peng Shuai controversy must be resolved before the WTA tournaments can return to China in 2023, according to the … Read more

Taiwanese military device repair in China causes concern

China

Taiwan’s missile maker provided a launch-measurement gadget to China. Taiwan’s Defense Security Research advises contract vigilance. Taiwan’s missile development with US-bound Chinese parts raises concerns. After at least one military gadget utilized for its missiles was sent to China for repair, there are calls for tighter security in Taiwan. The maker of the Hsiung-Feng III … Read more

Myanmar junta criticizes its rivals while thanking nations

Myanmar junta

Senior General criticised nations for meddling in Myanmar’s internal affairs. Country was cooperating closely with its neighbours. Street protests are now uncommon following bloody crackdowns. Senior General Min Aung Hlaing criticised nations for meddling in Myanmar’s internal affairs but asserted that the country was cooperating closely with its neighbours, including China, India, and Thailand. On … Read more

China Covid: Beijing criticises policies for its tourists

china covid

US, India and UK have made testing for arrivals from China mandatory. Chinese government is not happy with these mandatory testing. China has recently experienced an increase in Covid cases. The Chinese government has warned that it may react if other nations continue to limit travel for Chinese nationals, alleging that these restrictions are politically … Read more

Indian shares start weak ahead of Fed minutes

indian shares

NSE stock futures quoted on the Singapore Exchange were down 0.29% to 18,253.00 as of 8:10 a.m. ET. Oil prices fell on Tuesday due to demand concerns in China. Low prices help oil-importing countries. Indian markets were expected to begin flat on Wednesday ahead of the release of the Federal Reserve’s December meeting minutes, in … Read more

Japan manufacturing activity sees record fall in 26 months

Japan

Japanese manufacturing activity declined at the fastest rate in 26 months in December. The survey’s subindexes revealed both output and new orders contracted for a sixth consecutive month. Analysts anticipate Japan’s production to remain subdued due to a decline in international demand. Japan manufacturing activity declined at the fastest rate in 26 months in December, … Read more

China state media downplays seriousness of Covid-19 pandemic ahead of WHO meeting

china covid

China’s state media downplays the seriousness of the Covid-19 pandemic. WHO encourages China to periodically disclose real-time information on the Covid situation. EU health officials will meet Wednesday to discuss a coordinated response to the outbreak. The state media of China downplayed the seriousness of the Covid-19 pandemic sweeping the country on Tuesday, with scientists … Read more

Newly elected president of Brazil Luiz Inacio Lula da Silva received letter from China’s Xi Jinping on further cooperation

Lula da Silva

Luiz Inacio Lula da Silva received a letter from China’s Vice President. Xi Jinping expressed a desire to deepen bilateral collaboration. Lula took oath as the new President of Brazil on January 1. The new president of Brazil, Luiz Inacio Lula da Silva, announced on Monday that he had received a letter from Chinese leader … Read more

Brazil achieves record trade surplus of $62.3 bln in 2022

brazil trade surplus

The Brazil trade ministry reported a trade surplus of $4.8 billion in December. This exceeded the $3 billion surplus predicted by economists. Total exports for the year hit a record $335 billion. Brazil achieved a record-breaking $62.3 billion trade surplus in 2022, according to data released by the government on Monday. The Development, Industry, Trade, … Read more

A third of the world will be in recession this year says IMF

IMF

The IMF revised down its forecast for 2023 global economic growth in October. This year will see a third of the world’s economy in a recession. The IMF revised down its forecast for 2023 global economic growth in October. According to the International Monetary Fund’s (IMF) chief, this year will see a third of the … Read more