Author Topic: The other side of the coin  (Read 159063 times)

Offline zuolun

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Re: The other side of the coin
« Reply #250 on: February 02, 2021, 04:49:04 PM »
大陆肛试检测后走路变唐老鸭 网友:像被火钳掏过 ~ 1 Feb 2021
https://www.ntdtv.com/gb/2021/02/01/a103044222.html



中國增加肛門拭子檢測 受檢民眾直呼難為情 ~ 30 Jan 2021
https://www.youtube.com/watch?v=qaq5G99iFhU



北京新增肛门检测新冠 民众感侮辱放弃进京过年 ~ 27 Jan 2021
https://www.rfa.org/mandarin/yataibaodao/huanjing/ql1-01272021022718.html
庞新华说,另一面可能是部分核酸检测试剂不合格:“如果在肛门用棉签擦拭一下,病毒数量会更多一些,再检测有可能(试剂)灵敏度会提高。用这样的方式来检测可能和中国的检测试剂灵敏度不高有关。”



Beijing tests for COVID-19 using  a-n-a-l  swabs, where virus may survive longer: experts ~ 23 Jan 2021
https://www.globaltimes.cn/page/202101/1213668.shtml
Li Tongzeng, a deputy director in charge of infectious disease at Beijing You'an Hospital, said that studies have shown that the coronavirus survives longer in the  a-n-u-s  or excrement than those taken from upper body tracts, and for some silent carriers the virus may be present in their throats for 3 to 5 days, allowing some tests to provide false negative results.


Offline zuolun

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Re: The other side of the coin
« Reply #251 on: February 02, 2021, 05:56:01 PM »
MCO 确定延长,华人不能回乡过年!~ 2 Feb 2021
https://www.youtube.com/watch?v=VHNdJn8v_AE

Covid-19: Malaysia records 4,214 new cases, total at 219,173 with 770 deaths ~ 1 Feb 2021
https://www.theedgemarkets.com/article/covid19-malaysias-new-cases-drop-4214-10-more-deaths


Offline zuolun

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Re: The other side of the coin
« Reply #252 on: February 05, 2021, 08:55:47 AM »
封城亲历者:高峰期武汉每天至少有五千人死亡 ~ 2 Feb 2021
https://www.huaglad.com/lovecn/20210202/419117.html
  • 2020年末辗转来到洛杉矶的新移民刘佳鑫呼吁海外华人:“千万不要相信中共的防疫宣传,还是要靠自己思考判断。”
  • 中共官方的数据永远是仅供参考,据其在武汉当地火葬场工作的朋友所述,“疫情高峰期时,武汉每天至少有五千人死亡。”
  • 方舱医院不提供任何治疗,那是医疗资源枯竭的产物,就是平地盖了房子,把所有的患者、疑似患者赶进去了,造成很多人道灾难。
  • “中共为了鼓吹自己的制度优势、安抚民众,处处宣传自己挽救了很多生命,但怎么没看到封锁造成了多少人枉死。好的(一些没染疫的人)、坏的(染疫的人)都死了。”


China Covid-19: Nearly 500,000 in Wuhan may have had virus, says study ~ 30 Dec 2020
https://www.bbc.com/news/world-asia-china-55481397
The study suggests that almost 5% of Wuhan's population might have been infected.
Wuhan's population is est. at 11 million, which suggests that almost 500,000 people may have had the virus.
If true, that is almost 10 times higher than Wuhan's officially recorded number of 50,354 cases.



勘察武漢疫情後「選擇做逃兵」管軼:「黃金防控期已過」 料感染規模至少是沙士 10 倍 ~ 23 Jan 2020
https://www.youtube.com/watch?v=kbcvjV4GTpI



火神山内部视频  Inside Wuhan Vulcan Mountain Hospital ~ 2 Feb 2020
https://www.youtube.com/watch?v=HrLYtsaUOm0



Wuhan virus: Chinese army to oversee new hospital built in days to treat patients in Wuhan ~ 2 Feb 2020
https://www.straitstimes.com/asia/east-asia/wuhan-virus-chinese-army-to-oversee-new-hospital-built-in-days-to-treat-patients-in



Coronavirus: How China builds two hospitals at top speed at the heart of the virus outbreak ~ 31 Jan 2020
https://www.youtube.com/watch?v=UoErujrHgAI


Offline zuolun

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Re: The other side of the coin
« Reply #253 on: February 05, 2021, 11:02:27 AM »
Diplomats from some 50 countries join webinar on latest developments in Xinjiang ~ 4 Feb 2021
https://www.youtube.com/watch?v=NBUDVmhFDxA

Human rights activists 'cannot support China' over Uighur abuses ~ 4 Feb 2021
https://www.youtube.com/watch?v=BYUjpnPRg7M

'Their goal is to destroy everyone': Uighur camp detainees allege systematic rape ~ 3 Feb 2021
https://www.bbc.com/news/world-asia-china-55794071
https://www.youtube.com/watch?v=e6bPGl10Cts

Tursunay Ziawudun spent nine months inside China's network of internment camps



新疆維族醫生證實獲刑20年 在美家人痛斥當局報復性懲罰 ~ 5 Jan 2021
https://www.youtube.com/watch?v=e8vva-UQsGI
新疆維吾爾族醫生古麗仙·阿巴斯(Gulshan Abbas)失蹤兩年多之後,她的家人直到2020年底的耶誕節當天,才透過相關人士得知,早在2019年3月,古麗仙·阿巴斯就被中共政權以恐怖主義相關罪名判處20年有期徒刑。對此,她的家人痛斥,中國當局顯然是以重判來報復他們在國際上為維護維吾爾權益發聲的行動。

受害者揭新疆集中營:很多姐妹查完身體就消失了 ~ 28 Oct 2019
https://hk.epochtimes.com/news/2019-10-28/74585015

哈薩克籍維吾爾人古力巴哈女士(Gulbahar Jalilova)10月25日在台北接受自由亞洲電台專訪,控訴在集中營465天被餵藥。


Offline zuolun

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Re: The other side of the coin
« Reply #254 on: February 05, 2021, 03:18:36 PM »
UK broadcast regulator revokes license of China's CGTN ~ 5 Feb 2021
https://www.youtube.com/watch?v=xBMXzJkZpK8
英国吊销中国环球电视网广播执照

Chinese ambassador to the UK's farewell remarks: China-UK relations will be steady and go far ~ 1 Feb 2021
https://www.youtube.com/watch?v=3meYipNgjUA

Wuhan virus pandemic: Leaked audio featuring WHO officials reveal China's lapses ~ 28 Jan 2021
https://www.youtube.com/watch?v=YS1aCf028nA

UK-China relations imploded in 2020—and things could get worse ~ 23 Dec 2020
https://qz.com/1949544/uk-china-relations-imploded-in-2020-and-things-could-get-worse/
  • When Boris Johnson and his Vote Leave allies launched their vision for a post-Brexit “Global Britain,” the UK pinned its hopes for geopolitical relevance in large part on deepening ties with Asia, and especially China. Four years later, Britain has become a hub for the West’s growing skepticism of China, and Covid-19 was the match that lit the fuse.
  • The hostility generated by allegations of China’s cover-up of the virus’s early spread, and Beijing’s strident defense of itself, have spilled over into all parts of the China-UK relationship. It is a case study in what has gone wrong for China since the start of the year—and perhaps for Britain’s post-Brexit foreign policy too.

India-China relations at ‘most difficult phase in 30-40 years’ ~ 10 Dec 2020
https://www.aljazeera.com/news/2020/12/10/most-difficult-phase-india-china-relations-continue-to-sour



China-Australia tensions explained in 500 words ~ 1 Dec 2020
https://www.aljazeera.com/economy/2020/12/1/australia-china-tensions-explained-in-500-words
A series of defence, trade and foreign policy disputes have led to what is seen as the lowest point in two countries’ ties in decades.



罕見之舉,美國將5家中共官媒定為「外國使團」;專家指中共喉舌「附加任務」或受阻;與外國代理人區別何在? ~ 19 Feb 2020
https://www.youtube.com/watch?v=CJVL9kv5J60
  • Xinhua News Agency (新华社)
  • China Global Television Network (CGTN 中国国际电视台)
  • China Radio International (CRI环球资讯广播)
  • China Daily (中国日报)
  • People's Daily (人民日报)


Has China's biggest online news site revealed 'real' coronavirus death figures? Screen grabs showing 24,589 death toll ~ 6 Feb 2020
https://www.dailymail.co.uk/news/article-7971401/Have-real-coronavirus-death-figures-leaked-Chinese-conglomerate-lists-death-toll-24-589.html


Offline zuolun

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Re: The other side of the coin
« Reply #255 on: February 06, 2021, 11:50:22 AM »
闷声发大财!
https://www.youtube.com/watch?v=yz1hOS2y55k

擺脫疫情恐還要7年?!法國總統馬克宏怒轟中國疫苗"效力不佳" 法媒更怒批中國賺"災難財" ~ 5 Feb 2021
https://www.youtube.com/watch?v=fL3lNcD2kdY

3 judge court in Peru rules COVID-19 pandemic started by Bill Gates, George Soros and Rockefeller ~ 4 Feb 2021
https://greatgameindia.com/peru-court-bill-gates-george-soros/
  • On December 21, 2020, a three judge Peruvian court declared that the coronavirus pandemic was started by billionares Bill Gates, George Soros and Rockefeller, ironically known as the Good Club – who want to save the world.
  • The resolution maintains that the criminal process was stopped because of the covid-19, so that it had an “unpredictable” nature, except for its creators “who handled it and continue to direct it with extreme secrecy within their environments and world corporations, with projections to the 2030 project.


Tech issues affecting COVID-19 vaccine distribution ~ 2 Feb 2021
https://www.youtube.com/watch?v=exl7IUr8Rc4

Kuwait approves Pfizer-BioNTech, Bahrain registers Sinopharm ~ 13 Dec 2020
https://www.msn.com/en-us/news/world/kuwait-approves-pfizer-biontech-bahrain-registers-sinopharm/ar-BB1bT53U



Building infrastructure for resilience: A fireside chat with Bill Gates | SFF 2020 ~ 8 Dec 2020
https://www.youtube.com/watch?v=eASVSwNJMfQ
A discussion about why financial inclusion matters to economic resilience and prosperity, what tools and approaches are ready for implementation, and how governments and the private sector can use lessons from COVID recovery to accelerate progress on digital financial inclusion.

Net worth of U.S. billionaires soared by $1 trillion total to $4 trillion since pandemic began ~ 8 Dec 2020
https://americansfortaxfairness.org/issue/net-worth-u-s-billionaires-soared-1-trillion-total-4-trillion-since-pandemic-began/
  • Wealth increase in 9 months exceeds likely $908 billion cost of Covid Relief Package GOP has stalled as too costly.
  • The total net worth of the nation’s 651 billionaires rose from $2.95 trillion on March 18 to $4.01 trillion on Dec. 7, a leap of 36%, based on Forbes billionaires.


中国北京大学教授李玲美化疫情,反称产生人民币67万亿元收益 ~ 3 Dec 2020
https://www.rfa.org/mandarin/yataibaodao/huanjing/ql1-12032020111551.html
北京大学教授李玲日前提出,中国抗疫产生出约67万亿元 (RMB 67 trillion) 的经济收益,约占全国GDP总量的三分之二。



Pfizer CEO sold stock worth $5.6 million on same day as vaccine announcement ~ 11 Nov 2020
https://www.nbcnews.com/business/business-news/pfizer-ceo-sold-stock-worth-5-6-million-same-day-n1247398
  • Pfizer CEO Albert Bourla sold company shares worth $5.56 million (132,508 shares x $41.94 per share).
  • Pfizer said its experimental Covid-19 vaccine was more than 90% effective based on initial trial results, sending its shares higher along with the broader markets.


Bill Gates predicted a pandemic in 2018. Now that COVID-19's arrived, here's how he wants to control it ~ 3 Nov 2020
https://www.paloaltoonline.com/news/2020/11/03/bill-gates-predicted-a-pandemic-in-2018-now-that-covid-19s-arrived-heres-how-he-wants-to-control-it
Fast forward to 2020 and Gates's predictions have come true with frightening accuracy.

The next outbreak? We’re not ready ~ 4 Apr 2015
https://www.youtube.com/watch?v=6Af6b_wyiwI
Bill Gates: "If anything kills over 10 million people over the next few decades, it is likely to be a highly infectious virus rather than war."



2018年电影《洩密者》The Leakers
https://www.youtube.com/watch?v=Gbx1ri7dqeo
一场从马来西亚爆发的疫症。


Offline zuolun

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Re: The other side of the coin
« Reply #256 on: February 08, 2021, 08:35:07 AM »
When will life return to normal? In 7 years at current Covid-19 vaccination rates ~ 6 Feb 2021
https://www.straitstimes.com/world/when-will-life-return-to-normal-in-7-years-at-current-covid-19-vaccination-rates
US science officials such as Anthony Fauci have suggested it will take 70% to 85% coverage of the population for things to return to normal.

Understanding COVID-19 origins will take years, says WHO team member ~ 5 Feb 2021
https://www.reuters.com/article/health-coronavirus-who-dwyer/understanding-covid-19-origins-will-take-years-says-who-team-member-idUSL4N2KB1Z4
“Everybody knows how it really exploded out of Huanan market in Wuhan, but the key is what was happening around that time and before.”

WHO team heads to China bat lab at the center of coronavirus conspiracies ~ 3 Feb 2021
https://edition.cnn.com/2021/02/03/asia/wuhan-coronavirus-who-bat-lab-intl-hnk/index.html
  • The WHO investigators began research in the central Chinese city last week, after a 14-day quarantine and bureaucratic delays.
  • Their work has been subject to intense scrutiny and political pressure from both within China and outside the country.
  • Some have speculated that the WHO team may be limited in what they can see during inspections in China -- particularly as Beijing has begun to push alternative, often completely unfounded, theories about the origin of the virus.
Ensuring a transparent, thorough investigation of COVID-19’s origin ~ 15 Jan 2021
https://www.state.gov/ensuring-a-transparent-thorough-investigation-of-covid-19s-origin/
  • Illnesses at the Wuhan Institute of Virology (WIV): The United States government has reason to believe that several researchers inside the WIV became sick in autumn 2019, before the first identified case of the outbreak, with symptoms consistent with both COVID-19 and common seasonal illnesses. This raises questions about the credibility of WIV senior researcher Shi Zhengli’s public claim that there was “zero infection” among the WIV’s staff and students of SARS-CoV-2 or SARS-related viruses.
  • WIV Research on “RaTG13” and “gain of function”: Starting in at least 2016, WIV researchers studied RaTG13, the bat coronavirus identified by the WIV in January 2020 as its closest sample to SARS-CoV-2 (96.2% similar). Since the outbreak, the WIV has not been transparent nor consistent about its work with RaTG13 or other similar viruses, including possible “gain of function” experiments to enhance transmissibility or lethality.
  • Secret WIV Links to Military Research: Despite the WIV presenting itself as a civilian institution, the WIV has collaborated on publications and secret projects with China’s military. The WIV has engaged in classified research, including laboratory animal experiments, on behalf of the Chinese military since at least 2017.


Fact Sheet: Activity at the Wuhan Institute of Virology ~ 15 Jan 2021
https://www.state.gov/fact-sheet-activity-at-the-wuhan-institute-of-virology/

1. Illnesses inside the Wuhan Institute of Virology (WIV):
  • The U.S. government has reason to believe that several researchers inside the WIV became sick in autumn 2019, before the first identified case of the outbreak, with symptoms consistent with both COVID-19 and common seasonal illnesses. This raises questions about the credibility of WIV senior researcher Shi Zhengli’s public claim that there was “zero infection” among the WIV’s staff and students of SARS-CoV-2 or SARS-related viruses.
  • Accidental infections in labs have caused several previous virus outbreaks in China and elsewhere, including a 2004 SARS outbreak in Beijing that infected nine people, killing one.
  • The CCP has prevented independent journalists, investigators, and global health authorities from interviewing researchers at the WIV, including those who were ill in the fall of 2019. Any credible inquiry into the origin of the virus must include interviews with these researchers and a full accounting of their previously unreported illness.
2. Research at the WIV:
  • Starting in at least 2016 – and with no indication of a stop prior to the COVID-19 outbreak – WIV researchers conducted experiments involving RaTG13, the bat coronavirus identified by the WIV in January 2020 as its closest sample to SARS-CoV-2 (96.2% similar). The WIV became a focal point for international coronavirus research after the 2003 SARS outbreak and has since studied animals including mice, bats, and pangolins.
  • The WIV has a published record of conducting “gain-of-function” research to engineer chimeric viruses. But the WIV has not been transparent or consistent about its record of studying viruses most similar to the COVID-19 virus, including “RaTG13,” which it sampled from a cave in Yunnan Province in 2013 after several miners died of SARS-like illness.
  • WHO investigators must have access to the records of the WIV’s work on bat and other coronaviruses before the COVID-19 outbreak. As part of a thorough inquiry, they must have a full accounting of why the WIV altered and then removed online records of its work with RaTG13 and other viruses.
3. Secret military activity at the WIV:
  • Secrecy and non-disclosure are standard practice for Beijing. For many years the United States has publicly raised concerns about China’s past biological weapons work, which Beijing has neither documented nor demonstrably eliminated, despite its clear obligations under the Biological Weapons Convention.
  • Despite the WIV presenting itself as a civilian institution, the United States has determined that the WIV has collaborated on publications and secret projects with China’s military. The WIV has engaged in classified research, including laboratory animal experiments, on behalf of the Chinese military since at least 2017.
  • The United States and other donors who funded or collaborated on civilian research at the WIV have a right and obligation to determine whether any of our research funding was diverted to secret Chinese military projects at the WIV.
China peddles falsehoods to obscure origin of Covid-19 pandemic ~ 7 Dec 2020
https://www.todayonline.com/world/china-peddles-falsehoods-obscure-origin-covid-19-pandemic
  • News outlets have taken Dr Kekulé’s research out of context to suggest that Italy, not China, is where the coronavirus pandemic began.
  • Photos of him have appeared on Chinese news sites under headlines reading, “China is innocent!”.
  • Dr Kekulé, who has repeatedly said that he believes the virus first emerged in China, was startled. “This is pure propaganda,” he said in an interview.
  • By spreading theories that foreigners are responsible for the pandemic, the party is deploying a well-worn playbook.
  • The Chinese government is rarely willing to publicly address its own shortcomings, often preferring to redirect attention elsewhere and rally the country against a common enemy.
Coronavirus was spreading in the US by December 17, 2019 - weeks before China admitted that people there were being infected by a new virus, antibody testing of donated blood finds ~ 1 Dec 2020
https://www.dailymail.co.uk/health/article-9006277/Coronavirus-spreading-December-17-study-finds.html
  • CDC scientists discovered antibodies to coronavirus in 106 samples taken from blood donated by more than 7,300 Americans in December and January.
  • Of donations made between December 13 and December 16, 39 were positive, including samples from California, Washington and Oregon.
  • Another 67 samples from donations made from December 30 and January 17 in the Midwest and Northeast were also positive.
  • China did not report the new virus to the CDC until December 31, and the first U.S. case was confirmed on January 19.
The Wuhan files ~ 1 Dec 2020
https://edition.cnn.com/2020/11/30/asia/wuhan-china-covid-intl/index.html
Leaked documents reveal China's mishandling of the early stages of Covid-19.


Offline zuolun

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Re: The other side of the coin
« Reply #257 on: February 09, 2021, 02:06:40 PM »
The story of Xinjiang ~ 5 Feb 2021
https://www.youtube.com/watch?v=anpImFh5Fpk
For 4 years, Wion reported on the Uighur Genocide​, but the world silently watched.
Influential countries are finally speaking up, but the genocide continues.

Pompeo accuses China of 'genocide' against Muslim Uighurs in Xinjiang ~ 20 Jan 2021
https://www.npr.org/2021/01/19/958468971/pompeo-accuses-china-of-genocide-against-muslim-uighurs-in-xinjiang
https://www.youtube.com/watch?v=RoZC7HasstY
Pompeo decried China's policies that have denied basic human rights to minorities, saying authorities have "forced sterilizations and abortions on Uyghur women, coerced them to marry non-Uyghurs, and separated Uyghur children from their families."

The truth about China's "Re-Education Camps" ~ 14 Jan 2021
https://www.youtube.com/watch?v=alMhCPjsxlE

China’s profitable business of concentration camps ~ 30 Apr 2020
https://www.youtube.com/watch?v=ZxvYcByv2M8



Secret documents reveal how China mass detention camps work ~ 26 Nov 2019
https://abcnews.go.com/US/wireStory/secret-documents-reveal-china-mass-detention-camps-work-67271462
A classified blueprint shows that the detention camps that hold more than a million ethnic minorities in China’s far west are really ideological and behavioral re-education centers to rewire their language and thinking.

The Uighurs ~ 9 Oct 2019
https://www.bloombergquint.com/quicktakes/the-uighurs
  • In its far western region of Xinjiang, China says it’s fighting separatism and religious extremism among Uighurs, a Muslim ethnic group.
  • To some outsiders, it’s building a 21st-century gulag, combining police-state repression backed by high-tech facial recognition systems with old-fashioned internment camps and re-education techniques culled from the Cultural Revolution.
  • A United Nations assessment said tens of thousands to “upwards of 1 million” Uighurs have been detained. As the scale and brazenness of China’s crackdown becomes clearer, the international outcry is growing.


How companies profit from forced labor in Xinjiang ~ 4 Sep 2019
https://supchina.com/2019/09/04/how-companies-profit-from-forced-labor-in-xinjiang/

Pictured: According to a state-sponsored report, on August 15, 2017, 1,805 minority herders and farmers entered the new industrial park and “put on leather shoes” to become industrial workers.


Offline zuolun

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Re: The other side of the coin
« Reply #258 on: February 12, 2021, 02:16:31 PM »
Biggest lie of our century - WHO vindicates China ~ 11 Feb 2021
https://www.youtube.com/watch?v=evHFsNSMTLM
The WHO visited the Wuhan lab, and guess what?
They all but absolved the Chinese government of nearly any culpability in the pandemic.

How an Australian identity crisis may be fuelling recent tensions with China ~ 10 Feb 2021
https://www.scmp.com/comment/opinion/article/3121082/how-australian-identity-crisis-may-be-fuelling-recent-tensions
Australia taking the lead in boycotting Huawei and its call for an international inquiry into the origins of Covid-19.



Media finally ‘opening eyes’ to the truth about origins of COVID-19 ~ 9 Feb 2021
https://www.youtube.com/watch?v=miyiWIdxBO0

WHO mission to China fails to find animal source of coronavirus ~ 9 Feb 2021
https://www.youtube.com/watch?v=D8RBW9JwNR8

How China is controlling the COVID origins narrative — silencing critics and locking up dissenters ~14 Jan 2021
https://theconversation.com/how-china-is-controlling-the-covid-origins-narrative-silencing-critics-and-locking-up-dissenters-152751
The Chinese government has greatly restrained any attempts to investigate the origins of COVID-19 — both internally and by foreign experts — while at the same time advocating alternate theories that the pandemic originated elsewhere.

Murky origins: Why China will never welcome a global inquiry into the source of COVID-19 ~ 22 Apr 2020
https://theconversation.com/murky-origins-why-china-will-never-welcome-a-global-inquiry-into-the-source-of-covid-19-136713
Australia will insist on an independent review, not one conducted by the World Health Organisation.


Offline zuolun

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Re: The other side of the coin
« Reply #259 on: February 14, 2021, 10:32:43 AM »
Coronavirus's origins may remain a mystery as the WHO leaves China with more questions than answers ~ 14 Feb 2021
https://www.abc.net.au/news/2021-02-14/china-coronavirus-who-investigation-comes-up-empty/13144756

What's Florida doing with thousands of hydroxychloroquine doses? ~ 12 Feb 2021
https://www.wptv.com/rebound/whats-florida-doing-with-thousands-of-hydroxychloroquine-doses

Medical discrimination - Dr. Simone Gold interviewed by Michelle Malkin ~ 12 Feb 2021
https://www.youtube.com/watch?v=s2IG1uMtKc4

Dr. Stella Immanuel ~ 11 Feb 2021
https://twitter.com/stella_immanuel/status/1359579423377420296
"Is Twitter actually censoring a video where I demand an apology for censoring and ridiculing me when I said there is effective treatment for Covid?"

Wuhan remembers 'whistleblower' doctor a year after his death from Covid-19 ~ 7 Feb 2021
https://www.youtube.com/watch?v=Tv0FzML-XcU



America’s Frontline Doctors: Dr. Simone Gold ~ 17 Dec 2020
https://twitter.com/drsimonegold/status/1339293585921830912
Experimental vaccines should NEVER be mandated or forced by businesses or govt. This choice should always remain between a doctor and a patient.

White House sidestepped FDA to distribute hydroxychloroquine to pharmacies, documents show ~ 2 Nov 2020
https://www.pharmacist.com/article/white-house-sidestepped-fda-distribute-hydroxychloroquine-pharmacies-documents-show

Hydroxychloroquine is effective, and consistently so when provided early, for COVID-19: a systematic review ~ 5 Oct 2020
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7534595/

Dr. John Campbell: Hydroxychloroquine, evidence of efficacy ~ 27 Aug 2020
https://www.youtube.com/watch?v=2uzXHnUViro



閆麗夢博士對於「羥氯喹」(qiang lǜ kuí) ~ 3 Aug 2020
https://www.youtube.com/watch?v=cG8AHC-eCd0
Dr Li-Meng Yan: "Everyone deserves to know the truth."



Exclusive: Dr. Simone Gold discusses benefits of Hydroxychloroquine after video promoting drug was censored ~ 1 Aug 2020
https://www.kusi.com/exclusive-dr-simone-gold-discusses-benefits-of-hydroxychloroquine-after-video-promoting-drug-was-censored/
https://www.youtube.com/watch?v=0oSGIC_irVs

Coronavirus: Hydroxychloroquine ineffective says Fauci ~ 29 Jul 2020
https://www.bbc.com/news/world-us-canada-53575964
On Wednesday (Jul 29, 2020) Dr Anthony Fauci, a leading member of the White House coronavirus task force, told the BBC that hydroxychloroquine was not effective against the virus.

Coronavirus: US doctor claims she’s cured COVID-19 ~ 29 Jul 2020
https://www.news.com.au/lifestyle/health/health-problems/coronavirus-us-doctor-claims-shes-cured-covid19/news-story/e18cc2609a7aa322104227f53734eb81
A group of doctors have gone viral for sharing their treatment for coronavirus, with one claiming she’s cured hundreds of people from it.



Hydroxychloroquine: Why a video promoted by Trump was pulled on social media ~ 28 Jul 2020
https://www.bbc.com/news/53559938
President Trump has promoted the use of hydroxychloroquine.



Dr. Simone Gold, the doctor censored by big tech over hydroxychloroquine viral video, has now lost her job ~ 31 Jul 2020
https://washingtonlatest.com/dr-simone-gold-the-doctor-censored-by-big-tech-over-hydroxychloroquine-viral-video-has-now-lost-her-job/
  • The hydroxychloroquine viral video, which features members of America’s Frontline Doctors at a press conference outside the Supreme Court in Washington, D.C., was taken down on Facebook, YouTube, and Twitter.
  • The video got more than 14 million views on Facebook alone, according to CNN, which cited CrowdTangle data, has since been taken down from Facebook, YouTube, and Twitter — including removing tweets that the president shared.


Malaria drug hydroxychloroquine fails to prevent COVID-19 in high-profile study ~ 4 Jun 2020
https://www.channelnewsasia.com/news/world/malaria-drug-hydroxychloroquine-fails-to-prevent-covid-19-in-12802018
The malaria drug promoted by US President Donald Trump as a treatment for COVID-19 was ineffective in preventing infection in people exposed to the coronavirus. The new trial found no serious side effects or heart problems from the use of hydroxychloroquine.


Offline zuolun

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Re: The other side of the coin
« Reply #260 on: February 18, 2021, 04:31:25 PM »
2变种病毒融合“再变种”科学家警告冠病晋新阶段 ~ 17 Feb 2021
https://www.enanyang.my/%E5%85%A8%E7%90%83%E5%A4%A7%E6%8A%97%E7%96%AB/2%E5%8F%98%E7%A7%8D%E7%97%85%E6%AF%92%E8%9E%8D%E5%90%88%E2%80%9C%E5%86%8D%E5%8F%98%E7%A7%8D%E2%80%9D%C2%A0%C2%A0%E7%A7%91%E5%AD%A6%E5%AE%B6%E8%AD%A6%E5%91%8A%E5%86%A0%E7%97%85%E6%99%8B%E6%96%B0%E9%98%B6%E6%AE%B5

New tape of FB CEO Mark Zuckerberg released by Project Veritas ~ 17 Feb 2021
https://www.youtube.com/watch?v=s3dPfsXo17U
"I share some caution on this [vaccine] because we just don't know the long-term side effects of basically modifying people's DNA and RNA"
This statement is a violation of his own platform's new policy.

Project Veritas accuses Zuckerberg of violating own policy with early vaccine concerns ~ 17 Feb 2021
https://www.washingtontimes.com/news/2021/*-zuckerberg-violating-own-policy-early-vaccine/
Facebook bans claims that COVID-19 vaccination modifies DNA.



新冠疫苗会改变并破坏人类遗传物质吗?这是危害人类罪吗? ~ 20 Nov 2020
https://chinese.aljazeera.net/medicine/2020/11/20/%E6%96%B0%E5%86%A0%E7%96%AB%E8%8B%97%E4%BC%9A%E6%94%B9%E5%8F%98%E5%B9%B6%E7%A0%B4%E5%9D%8F%E4%BA%BA%E7%B1%BB%E9%81%97%E4%BC%A0%E7%89%A9%E8%B4%A8%E5%90%97%E8%BF%99%E6%98%AF%E5%8D%B1%E5%AE%B3%E4%BA%BA


Offline zuolun

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Re: The other side of the coin
« Reply #261 on: February 21, 2021, 03:28:53 PM »
習李內部指示文件曝光 中共隱瞞疫情 ~ 21 Feb 2021
https://www.youtube.com/watch?v=oQv8QclkijY

Covid-19 came from virological institute in Wuhan, a strong paper by Roland Wiesendanger reveals ~ 21 Feb 2021
https://www.youtube.com/watch?v=AeyLlU_kG1I

COVID-19 origins: Scientist 99% sure COVID leaked from lab ~ 20 Feb 2021
https://www.dailytelegraph.com.au/news/covid19-origins-scientist-99-per-cent-sure-covid-leaked-from-lab/news-story/fe539ed275375b544044cef37aa207d0
More than 14 months after COVID-19 started infecting the world, a German scientist believes he’s cracked the mystery of where it came from.

疫苗常見副作用合集; 打疫苗前必看 ~ 20 Feb 2021
https://www.youtube.com/watch?v=5UibGMaI6qw

中国惊爆假新冠疫苗 政府如何应对公信危机?货架扫空 国际市场该不该放行中国疫苗? ~ 20 Feb 2021
https://www.youtube.com/watch?v=atd0_JaIQJU

汉堡物理学家:“我99.9%确信新冠病毒来自实验室” ~ 19 Feb 2021
https://www.dw.com/zh/%E6%B1%89%E5%A0%A1%E7%89%A9%E7%90%86%E5%AD%A6%E5%AE%B6%E6%88%91999%E7%A1%AE%E4%BF%A1%E6%96%B0%E5%86%A0%E7%97%85%E6%AF%92%E6%9D%A5%E8%87%AA%E5%AE%9E%E9%AA%8C%E5%AE%A4/a-56627684



上海復星BioNTech和輝瑞Pfizer/BioNTech疫苗有什麼不同?產地在那裏?注射疫苗之前必看 ~ 18 Feb 2021
https://www.youtube.com/watch?v=aTeRhF3Gq7A

U.S. still hasn't ruled out lab accident origin for Covid because China hasn't been transparent ~ 17 Feb 2021
https://www.nbcnews.com/health/health-news/u-s-still-hasn-t-completely-ruled-out-lab-accident-n1258032

中国查获假新冠疫苗近六万支 部分流向境外 ~ 16 Feb 2021
https://www.rfa.org/mandarin/yataibaodao/ql0216a-02162021035536.html



陈薇团队疫苗优势在哪?专家:可实现大规模快速接种 ~ 10 Feb 2021
http://www.chinanews.com/gn/2021/02-10/9409247.shtml
  • 由军事科学院陈薇院士团队和康希诺生物合作研发的腺病毒载体疫苗Ad5-nCoV于8日公布了在巴基斯坦进行的三期临床试验中期分析结果。
  • 多名相关领域专家告诉《环球时报》记者,该疫苗最突出的特点是单针接种,而其他常见疫苗通常需要打两针。
  • 这意味着可实现人群大规模快速接种,对社会整体防疫策略有着重要意义。
中国惊现假新冠疫苗! 以生理盐水冒充还有防伪条码 ~ 3 Feb 2021
https://www.youtube.com/watch?v=6H0QdshOn98



陈薇院士:对新冠病毒的认识在逐步深入 仍有未知需要探索 ~ 9 Sep 2020
https://www.sohu.com/a/417248420_114988

中国科学家陈薇详解中国新冠疫苗研发进展 ~ 7 Sep 2020
https://www.youtube.com/watch?v=GEhrQtoRcYQ

陈薇:“与毒共舞”的日子 ~ 29 Oct 2018
https://www.youtube.com/watch?v=NGKcGJpAYso


Offline zuolun

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Re: The other side of the coin
« Reply #262 on: February 24, 2021, 01:25:35 PM »
博裕資本 部份遷往新加坡 ~ 24 Feb 2021
https://hk.epochtimes.com/news/2021-02-24/50401726
博裕資本的第一期籌資(2011年)亦來自香港巨頭李嘉誠基金會以及新加坡主權基金淡馬錫(Temasek)。



Co-founders of Chinese private-equity firm Boyu build Singapore base

Hong Kong firm transfers some operations to Singapore to reduce exposure to Chinese scrutiny, say people briefed on move

By Chun Han Wong
Feb. 22, 2021 9:06 am ET

Two co-founders of China’s Boyu Capital, a leading private-equity firm set up by a grandson of former Chinese President Jiang Zemin, have relocated to Singapore with a share of the company’s operations from its Hong Kong headquarters, according to people briefed on the move.

Boyu’s tilt toward the Southeast Asian city-state of Singapore was mainly driven by concerns over the ebbing clout of the elder Mr. Jiang, 94 years old, whose patronage has buttressed the firm’s success, the people said.

The transition, which began in late 2019, has coincided with Chinese leader Xi Jinping’s efforts to curb the influence of retired Communist Party elders and tighten Beijing’s control over the Chinese territory of Hong Kong.

Compared with Hong Kong, Singapore offers Boyu greater distance from potential scrutiny or adverse action by authorities in Beijing, these people said. Boyu’s Singapore office, its first presence outside China, provides a potential refuge from political intrigue within the party, they said, and helps the firm diversify from its base in Hong Kong, where business confidence has been shaken by unrest and Beijing’s efforts to stamp out dissent.

Launched a decade ago by Alvin Jiang—the former leader’s grandson—and three co-founders, Boyu has won a reputation for being a well-connected and savvy China-focused investor, whose backers have included Hong Kong billionaire Li Ka-shing and Singaporean state investor Temasek Holdings.

Sean Tong, one of the Boyu co-founders, recently acquired permanent residency in Singapore, where he is chief executive officer of a fund-management company that also uses the Boyu name, according to corporate and government records. Boyu’s founding CEO, Louis Cheung, has also moved to Singapore, the people briefed said. Corporate filings indicate that both men are Chinese nationals with Hong Kong permanent residency and that Mr. Cheung has a Singapore work visa.

Boyu is also transferring part of its Hong Kong operations to a branch office in Shanghai, one of the people said. The younger Mr. Jiang, who has been based in Hong Kong for the bulk of his corporate career, now spends most of his time in Shanghai, where his family is based, the people said.

It couldn’t be learned how much of Boyu’s Hong Kong functions are being moved either to Singapore or to Shanghai. The firm hasn’t publicized the establishment of its Singapore office, located in a shared working space in an upscale commercial tower in the main business district. Boyu’s website lists offices in Hong Kong, Beijing and Shanghai.

Messrs. Jiang, Tong and Cheung didn’t respond to requests for comment. A Wall Street Journal reporter who recently visited Boyu’s Hong Kong office was turned away by a receptionist who declined to relay messages to the firm’s senior partners. A receptionist at the Singapore shared working space confirmed to a Journal reporter that Boyu is located there.

The elder Mr. Jiang was Communist Party chief for 13 years until 2002 and a patron to a group of officials—known as the “Shanghai clique”—that rose to senior posts under his tutelage. Many of these officials have since faded from view and some have been purged in Mr. Xi’s anticorruption drive.

Party insiders say Mr. Xi, in centralizing power, has curtailed the influence of retired elders who seek to steer decision-making to suit their own interests. Though the elder Mr. Jiang’s sway diminished as Mr. Xi grew dominant, the former leader’s eventual passing could further alter power dynamics within the party and leave his family and allies more vulnerable to purges, the insiders say.

Late last year, Mr. Xi halted Chinese financial-technology giant Ant Group Co.’s initial public offering in part due to concerns over Ant’s complex ownership structure and the investors who stood to gain most from what would have been the world’s largest IPO, which included Boyu and a company controlled by the son-in-law of a retired top official with ties to the elder Mr. Jiang, the Journal reported this month citing Chinese officials and government advisers.

Industry insiders say the younger Mr. Jiang, also known as Jiang Zhicheng, tapped his elite pedigree in building Boyu. Mr. Jiang, who got his undergraduate degree at Harvard University, had a short stint with Goldman Sachs Group Inc. before launching Boyu in his mid-20s, bringing in top deal makers and finance veterans—former TPG Capital partner Mary Ma and Messrs. Tong and Cheung—as co-founders who lent instant credibility to Boyu. Ms. Ma died of cancer in 2019.

Boyu became known as a “princeling” fund, a reference to the colloquial label for descendants of senior Chinese officials. The firm made its mark with high-profile deals including its 2011 purchase of a controlling stake in Sunrise Duty Free, a retailer with outlets at Beijing and Shanghai airports, and its 2012 investment in e-commerce giant Alibaba Group Holding Ltd. , whose founder Jack Ma also controls Ant. Boyu has also teamed up with sovereign-wealth funds such as China Investment Corp. and Singapore’s GIC Pte. Ltd.

Corporate records indicate that Messrs. Tong and Cheung started building Boyu’s presence in Singapore in late 2019, though Mr. Tong only recently obtained his permanent residency. At the time, violent antigovernment protests were engulfing Hong Kong, where many relatives of China’s Communist Party elite have hoarded their wealth and based their businesses, taking advantage of the territory’s accommodating regulatory regime and rule of law under an independent judiciary.

Boyu’s transition continued as Beijing imposed a sweeping national security law on Hong Kong last year—legislation that many foreign businesses executives say they fear would undercut rule of law and spur further changes that erode the territory’s role as a gateway connecting Western finance with Chinese businesses.

Corporate records named Messrs. Tong and Cheung as founding directors of Boyu Capital Management (Singapore), a fund-management company registered in November 2019. The filings also indicated that Boyu’s chief financial officer, Vincent Fok, joined the company as a director this month and has a Singapore work visa. Mr. Fok didn’t respond to queries.

Mr. Tong is also CEO of this company, which operates under a license that requires its CEO to be resident in Singapore, according to an online government directory. The directory lists Boyu’s website as part of the company’s contact details.

The company has only one shareholder, Cayman Islands-registered Boyu Group International Ltd., of which Mr. Tong is the sole director, according to data from corporate registries in Singapore and the Cayman Islands.

Company filings show that Mr. Tong, also known as Tong Xiaomeng, has become a Singapore permanent resident with a local identity card. It couldn’t be determined exactly when he acquired this status, though he was using other identification documents—rather than a Singapore identity card—in local corporate filings as recently as December.

Mr. Tong has met with Singapore’s Economic Development Board, the government agency responsible for attracting foreign investment, to discuss setting up Boyu’s presence in the city-state, according to people briefed on the matter.

One of the people said Mr. Tong was granted permanent residency in Singapore late last year through the EDB’s “Global Investor Programme,” under which eligible foreigners can seek permanent residency by investing at least 2.5 million Singapore dollars, equivalent to about $1.9 million, to start a new company, among other options. Such applications take about nine to 12 months to process, according to an EDB fact sheet. EDB declined to comment.

Jack Ma’s dirty secret | Power struggle rips Ant Financial ~ 19 Feb 2021
https://www.youtube.com/watch?v=MFvQBFrAESE

Princelings targeted in Ant IPO pullout ~ 17 Feb 2021
https://www.finews.asia/finance/33812-princelings-targeted-in-ant-ipo-pullout
  • One of the key investors that caused concern for Chinese authorities is Jiang Zhicheng is the grandson of the former Chinese leader Jiang Zemin – still a key figure in Chinese politics with many of his allies purged by Xi Jinping's anti-corruption campaign.
  • The younger Jiang is the founder of private equity firm Boyu Capital which, according to the report, set up a Shanghai subsidiary that invested in a firm that then invested in another private equity firm, Beijing Jingguan Investment Center, which was the ultimate owner of Ant shares. Beijing Jingguan has nearly a 1% stake in Ant Group though the prospects does not mention Boyu’s involvement.
  • Ma’s ties with the younger Jiang date back to at least 2012 when the Harvard-educated princeling helped negotiate a deal to buy out half of Yahoo’s stake in Alibaba.

Offline zuolun

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Re: The other side of the coin
« Reply #263 on: March 10, 2021, 09:40:18 AM »
國藥老總說漏嘴:去年3月已注射疫苗;揭秘:為何只有中共研發滅活疫苗? ~ 10 Mar 2021
https://www.youtube.com/watch?v=e8nSG_OECIY
國藥集團研發中共病毒疫苗速度驚人,甚至超過美國至少5倍以上,從動物實驗到臨床為何這麼快?國藥集團領導大膽「以身試藥」,滅活疫苗為什麼全世界只有中共研發?

搬起石头砸自己的脚: 国药控股高层披露接种疫苗已经1年,那么疫苗啥时开始研发的? ~ 8 Mar 2021
https://www.rfi.fr/cn/%E4%B8%AD%E5%9B%BD/20210308-%E5%9B%BD%E8%8D%AF%E6%8E%A7%E8%82%A1%E9%AB%98%E5%B1%82%E6%8A%AB%E9%9C%B2%E6%8E%A5%E7%A7%8D%E7%96%AB%E8%8B%97%E5%B7%B2%E7%BB%8F1%E5%B9%B4-%EF%BC%8C%E9%82%A3%E4%B9%88%E7%96%AB%E8%8B%97%E5%95%A5%E6%97%B6%E5%BC%80%E5%A7%8B%E7%A0%94%E5%8F%91%E7%9A%84
国药集团国药控股董事长于清明在全国两会上透露:2020年3月,国药集团4级企业党政负责人“以身试药”,经过1年的抗体跟踪监测,目前仍均保持在较高水平,没有出现明显下降。

印度敦促美日澳投资其疫苗产能 迎战中国疫苗外交声势 ~ 8 Mar 2021
https://cn.reuters.com/article/india-covid-vaccine-0308-idCNKBS2B00VL
北京当局已承诺通过出口和捐赠向全世界提供至少4.63亿 (463 million) 剂自产的新冠疫苗。

国药控股于清明:国药集团新冠疫苗年产能将达到30亿 (3 billion) 剂 ~ 4 Mar 2021
http://finance.eastmoney.com/a/202103041830297738.html
中国疫苗外交:东南亚已成为重点区域。



Wuhan lab’s mysterious dark database hidden by China could be Covid cover-up smoking gun, study claims ~ 3 Mar 2021
https://www.thesun.co.uk/news/14147270/wuhan-lab-database-hidden-china-covid-smoking-gun/
Most of WIV's databases were once accessible online - but have since all been systematically taken offline by China.
And it is believed one of the data files - which was password protected before being taken down - could be holding information on new viruses.



中国北京大学教授李玲美化疫情,反称产生人民币67万亿元收益 ~ 3 Dec 2020
https://www.rfa.org/mandarin/yataibaodao/huanjing/ql1-12032020111551.html
北京大学教授李玲日前提出,中国抗疫产生出约67万亿元 (RMB 67 trillion) 的经济收益,约占全国GDP总量的三分之二。



Made in China ~ 11 Oct 2020
https://www.theweek.in/theweek/cover/2020/10/01/made-in-china.html
Li-Meng Yan: "Everyone deserves to know the truth."

Chinese Embassy slams Der Spiegel over ‘Coronavirus made in China’ front page ~ 2 Feb 2020
https://www.globaltimes.cn/content/1178220.shtml



Chinese embassy wants Danish paper to apologize for coronavirus cartoon ~ 28 Jan 2020
https://www.reuters.com/article/us-china-health-denmark-idUSKBN1ZR11T


Offline zuolun

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Re: The other side of the coin
« Reply #264 on: March 15, 2021, 11:36:38 AM »
Can the 'Quad' effectively counter China's influence? ~ 14 Mar 2021
https://www.youtube.com/watch?v=I-O2JzV-aLM

Quad leaders pen joint Op-Ed, say Quad offers ‘spark of hope' ~ 14 Mar 2021
https://www.youtube.com/watch?v=gaiMjVUtWzs

美国FCC认定五家中企构成国安威胁 海康威视表示强烈反对 ~ 13 Mar 2021
https://cn.reuters.com/article/us-fcc-china-tech-giants-0313-idCNKBS2B501C
五家中企:华为 (Huawei)、中兴 (ZTE)、海能达 (Hytera)、海康威视 (Hikvision) 和 大华 (Dahua Technology)

The Quad's gameplan to take on China ~ 13 Mar 2021
https://www.youtube.com/watch?v=wCzHZKwwAPY

Quad summit in the face of growing competition from China ~ 13 Mar 2021
https://www.youtube.com/watch?v=7OsikDx9BKY
U.S. President Joe Biden met leaders of Australia, India and Japan on Friday (March 12), a group central to his efforts to counter China's growing military and economic power, and said a free and open Indo-Pacific region was essential to all of their futures.

Biden administration adds new limits on Huawei's suppliers ~ 12 Mar 2021
https://www.channelnewsasia.com/news/business/biden-administration-adds-new-limits-on-huawei-s-suppliers-14389304

US imposes limitation for Huawei's 5G license in America ahead of Quad meet ~ 12 Mar 2021
https://www.youtube.com/watch?v=14sDaTe5bgI

Huawei: Banned and permitted in which countries? List and FAQ ~ 11 Mar 2021
https://www.channele2e.com/business/enterprise/huawei-banned-in-which-countries/
Huawei Technologies in some countries faces product and 5G wireless network project bans; business contract restrictions; security scrutiny; and related pushback. Still, many countries are proceeding with Huawei as a potential or confirmed choice for 5G wireless network projects and associated infrastructure.

Can you invest in China's Huawei? ~ 17 Nov 2020
https://www.investopedia.com/articles/investing/051215/how-invest-huawei.asp
On Nov. 12, 2020, former President Donald Trump signed an executive order forbidding U.S. investors from investing in companies that he designated "Communist Chinese military companies." The ban takes effect at 9:30 a.m. on Jan. 11, 2021 and currently includes 31 companies.

The Huawei Ban: Explained ~ 22 May 2019
https://www.youtube.com/watch?v=qZGpmWrVSaU
Huawei flagships without Google or Android? This is everything you need to know.



Why Trump’s Huawei ban could cripple the company ~ 20 May 2019
https://sea.mashable.com/tech/3894/why-trumps-huawei-ban-could-cripple-the-company
  • After Google revoked Huawei's Android license over the weekend, a handful of U.S. companies, including chipmakers Qualcomm and Broadcom and storage supplier Western Digital have reportedly stopped working with the Chinese company as well.
  • If this kneecapping continues, not only could Huawei's smartphone business outside of China be screwed, but there could be far wider-ranging consequences than most realize.

Offline zuolun

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Re: The other side of the coin
« Reply #265 on: March 17, 2021, 12:02:08 PM »
Chinese Discipline Committees tighten grip over surveillance in Tibet ~ 16 Mar 2021
http://www.phayul.com/2021/03/16/45341/
  • “Since Xi Jinping assumed power, the crackdown and policies aimed at destroying Tibetan culture and identity have intensified more than ever. . .
  • We usually consider human rights to be an issue of an individual’s own rights and freedoms, but in the case of Tibet, this has come to involve the survival of the Tibetan people themselves,” TCHRD Director Tsering Tsomo said.


First independent report claims ‘clear and convincing’ evidence of genocide against Uighurs ~ 10 Mar 2021
https://www.youtube.com/watch?v=03tBWPoKWeM

Beijing set to overhaul HK's electoral system ~ 9 Mar 2021
https://www.youtube.com/watch?v=H8NR3RNU-GY

China possibly carried out 'Genocide' against Uighurs: U.S. report ~ 15 Jan 2021
https://www.youtube.com/watch?v=uoQ1tq0YVcI

China amidst darkest period for human rights since Tiananmen, says HRW ~ 13 Jan 2021
http://www.phayul.com/2021/01/14/45101/
  • The issue of human rights violations in Xinjiang, Tibet and Hong Kong.
  • “Since Xi Jinping came to power the repression has gotten worse and worse overall, in every aspect of Chinese society you can see how the party is becoming more intolerant of any kind of independent activity,” said HRW researcher Yaqiu Wang.


China just destroyed Hong Kong ~ 28 May 2020
https://www.youtube.com/watch?v=ZNToejXy-D4


Offline zuolun

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Re: The other side of the coin
« Reply #266 on: March 19, 2021, 11:47:17 AM »
CDL's China deal is a cautionary tale ~ 15 Mar 2021
https://www.theedgesingapore.com/news/company-news/cdls-china-deal-cautionary-tale
  • Sincere had almost ¥16b (S$3.3b) of short-term interest-bearing liabilities as of June 2020, versus about ¥2.6b of cash on hand. (S$1 = ¥4.84).
  • It has around ¥3b in bonds coming due this year through September, including ¥444.5m on a note that matured on March 9. Sincere paid interest on that bond 2 days after it matured, though investors are still waiting for a principal payment, according to two bondholders.
CDL plans bond issue as Sincere Property defaults, and blame game begins ~ 12 Mar 2021
https://www.theedgesingapore.com/capital/property/cdl-plans-bond-issue-sincere-property-defaults-and-blame-game-begins
  • CDL launched a $200m senior 5-year bond tranche at 2.3%, on Mar 12, 130 bps above 5-year Sor (swap offer rate). The settlement date is Mar 23, 2021 and payment dates are Mar 23 and Sept 23.
  • The proceeds will be used to finance the general working capital requirements and corporate funding of the Group, and/or to refinance the existing borrowings of the Group.
Sincere Property's bond lapse exposes rift with CDL ~ 11 Mar 2021
https://www.straitstimes.com/business/companies-markets/sincere-propertys-bond-lapse-exposes-rift-with-cdl
CDL takes issue with claims it held up key decisions in troubled Chinese developer.

协信远创声明称:控股股东决策迟延影响公司经营和现金流 ~ 11 Mar 2021
https://new.qq.com/omn/20210311/20210311A09A2K00.html
而早在2020年3月,协信远创就曾出现“技术性违约”事件,公司债“18协信01”付息资金迟到一天才到账。
为此,其另外4只公司债“16协信03”、“16协信05”、“16协信06”和“16协信08”均停牌1天。

CDL records $1.78 bil impairment on Sincere Property Group; declares $1.92 bil loss for FY20 ~ 26 Feb 2021
https://www.theedgesingapore.com/capital/results/cdl-records-178-bil-impairment-sincere-property-group-declares-192-bil-loss-fy20
City Development wrote off most of its investment in Sincere Property Group.
The group says the loss has “distorted” the group’s results for the 2HFY2020 and FY2020.

CDL’s Sincere saga explained – Why I will not buy this stock at $7.20 ~ 6 Feb 2021
https://financialhorse.com/cdls-sincere-saga-explained-why-i-will-not-buy-this-stock-at-7-2/
Valuations wise CDL doesn’t look super attractive. Dividend yield is about 2% historically, with a 30% payout ratio.

CDL closed @ S$7.61 on 18 Mar 2021.



有人辞官归故里,有人星夜赶科场:Malaysia Quek versus Singapore Kwek



Scion of Singapore’s richest family strives to salvage China deal ~ 19 Jan 2021
https://www.theedgemarkets.com/article/scion-singapores-richest-family-strives-salvage-china-deal
  • In the past month, Sherman Kwek, the 45-year-old chief executive officer of City Developments Ltd., has had to contend with two more board member resignations, taking the total to three since October.
  • It’s the biggest challenge yet for Kwek, who’s been at the helm for three years and spearheaded the Sincere deal in 2019. With its pipeline of 64 projects and sizable land bank, the developer increased CDL’s presence in China to about 20 cities from three and was touted as “game changing” for growth.
  • “Sherman will have to engage with investors and show that he can deliver to convince them that he’s the right person to lead the company,” said Mak Yuen Teen, associate professor of accounting at the National University of Singapore.  “The Sincere investment is probably a make or break deal to either cement his role or to call for change in leadership.”
  • Through September, CDL lost S$76 million on the investment last year. While the company hasn’t announced its results for the period, CDL has said revenue at its property-development segment dropped 15%. CDL shares have lost 43% from a high in 2018.
CDL to acquire 51.01% joint controlling interest in China’s Sincere Property ~ 15 Apr 2020
https://www.creherald.com/cdl-to-acquire-51-01-joint-controlling-interest-in-chinas-sincere-property/
  • CDL, a global real estate company, listed on the SGX, has entered into a definitive agreement to acquire a 51.01% joint controlling interest in Sincere Property, a real estate developer in China, for RMB4.39 billion (appr. S$0.88 billion, appr. US$620 million).
  • Mr Wu Xu, Sincere Property’s Chairman and Founder, will see his stake reduce from 60% to 29% while Greenland Holdings Group Co., Ltd, a prominent developer in China, will see their shareholding in Sincere Property decrease from 40% to 19.99%.
Guocoland selling Shanghai hotel to Dahua for RMB1.44 billion ~ 13 Apr 2020
https://www.mingtiandi.com/real-estate/finance-real-estate/guocoland-sells-shanghai-guoman-hotel-to-dahua-group/
  • One of Southeast Asia’s largest developers has defied the COVID-19 crisis to sell a hotel property in Shanghai’s Putuo district at a mark-up of nearly 65% over its net book value.
  • A unit of GuocoLand, which is controlled by Malaysian billionaire Quek Leng Chan’s Hong Leong Company, has agreed to sell the Guoman Hotel on Daduhe Road near Changfeng Park, along with a set of parking spaces, to a subsidiary of Shanghai-based developer Dahua Group for RMB1.44 billion (US$204 million).
  • At the purchase price, Dahua Group is paying a premium of more than RMB931m over the 442 room property’s book value as of 31 March of RMB509.5m. In its statement, GuocoLand said it expects to recognise a net gain of around US$64 million on the disposal.
Quek’s savvy play ~ 22 Aug 2015
https://www.thestar.com.my/business/business-news/2015/08/22/queks-savvy-play
  • Tycoon surprises market with move to exit from Beijing property project. Tycoon Tan Sri Quek Leng Chan’s move to sell out from a significant Chinese property development project has got the market trying to second-guess the reasons behind the savvy investor’s move.
  • On 20 Aug 2015, Singapore-listed GuocoLand Ltd said it would sell its interests in an integrated property project in Beijing’s Dong Cheng district to a Chinese firm for a whopping 10.5 billion yuan or RM6.8bil

Offline zuolun

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Re: The other side of the coin
« Reply #267 on: March 19, 2021, 03:42:48 PM »
Malaysia's London Battersea Power Station and Singapore's Suzhou Industrial Park (SIP)

The fog of London Battersea: A self-directed and self-acted weird deal

By Fu Shipeng
2 Feb 2018

Located on the south bank of the Thames in London, is the largest historical building renovation and urban regeneration project in London following the King's Cross urban regeneration project in recent years.

Recently, the second phase of the Battersea Power Station project experienced a weird round of exchange transactions. Although the total investment amount of £1.6 billion set a record for the British real estate transaction, the buyers and sellers are bizarrely pointing to the same side-Malaysia Government consortium.

On January 18, 2018, the Malaysian National Investment Corporation PNB (Permodalan Nasional Berhad) and the Malaysian Employees Provident Fund (Employees Provident Fund of Malaysia) announced that they would spend £1.6 billion to acquire the second Battersea Power Station project that was originally owned by them. The land parcel is the main building of the power station.

After the announcement of this self-directed and self-performed deal, it caused an uproar in Malaysia. Some media even used bailout to evaluate the nature of the deal, accusing the government of using state funds to save London’s most difficult real estate project, step by step. Fall into the "empty glove white wolf" trap planted by the British.

How to self-direct and perform?

Prior to the £1.6 billion investment of EPF and PNB, the Battersea Power Station project was funded by Malaysian Employees Provident Fund Board EPF (20% of the shares), Malaysian real estate developer SP Setia (40% of the shares), and Malaysian real estate developer Sime Darby (accounting for 40%). 40% of the shares). The three parties bought the entire project at a price of £400 million in 2012. There are seven phases of the project.

It is worth noting that the Malaysian national investment company PNB is the major shareholder of the real estate developers SP Setia and Sime Darby, and actually controls these two companies. Therefore, before the "expensive acquisition" of EPF and PNB, the project was actually controlled by EPF and Sime Darby. PNB is on hand.

After the "big deal", subsidiaries SP Setia and Sime Darby symbolically withdrew from the second phase of development, so that EPF and PNB, which represent Malaysian national funds, can continue to inject huge amounts of money into this extremely difficult project.

When it comes to the amount of investment, I have to mention that the Battersea Power Station project was actually worth only £1.5 million in 1987, and the price of £400 million that changed hands to the Malaysian consortium in 2012 is also reasonable.

However, the amount of the second phase of the transfer project reached a staggering £1.6 billion, which is much higher than the previous transaction price of the overall project. What is the reason?

The increasingly expensive Battersea Power Station and the deeper and deeper Malaysian consortium

Battersea Power Station (Battersea Power Station) was originally a decommissioned thermal power station in London, England. Although it stopped generating electricity in 1983, it has long become one of London's well-known landmarks.



In order to completely preserve the appearance of the power station while rebuilding the area, the London planning department has revised the reconstruction plan seven times before and after, but they have never found one that can bring ideal returns to investors and preserve Battersea smoothly. The perfect solution for the appearance of the power station.

Until 2012, several British real estate executives approached the Malaysian consortium, painted for them a beautiful blueprint for building luxury houses around the power station to make money, and produced a seemingly feasible investment plan (reduced the estimated construction cost, Increased the estimated price), barely achieved an annual investment return rate of 20%, and finally guaranteed that he got the shares, but also successfully f-u-d-g-e-d the Malaysian consortium to bring capital into the market, and finally handed in the tender.

After winning the bid, the Malaysian consortium began to immerse itself in development, and took the real estate to Southeast Asia and China for exhibition. The first phase of the project sold out 865 luxury apartments in 3 weeks, setting the shortest sales record in London, and the second phase of the project won Almost 100% subscription rate.

It seems that the project sales have been smooth sailing, but the Malaysian consortium underestimated the difficulty of rebuilding the power station. It did not expect that the project would encounter major construction problems after the project.

If you think of the Battersea Power Station as an egg, what the Malaysian consortium has to do is to empty out all the contents of the egg without damaging the eggshell, then rebuild it with richer content, and finally turn the power station into a power station. An urban complex, which contains 254 apartments, more than 43,000 square meters of office space, a screening hall, a chimney tower, a memorial hall, event venues, shops, restaurants, etc.

At the same time, in order to keep the Battersea Power Station from being completely rebuilt, the construction party also found the drawings when the power station was first built. Even the paint used for painting the building was exactly the same as in 1930, and the four iconic The chimneys will be copied as they are, and one of them will be converted into an elevator observation tower.

In addition to the difficulty of the project itself, due to factors such as rising construction costs and shortage of skilled workers, the construction cost of the project has soared from the initial estimate of £750 million to £1.5 billion more than double the budget. A conservative estimate of the expected return on investment It will also be reduced by more than half, from 20% to 8.2%.

In addition, the Evening Standard recently broke out. Since the power station converts industrial buildings into civilian buildings, the workload and challenges of removing toxic asbestos (asbestos) from the walls of the power station buildings are much more than expected, which will lead to a further increase in the return on investment of the project. decline.

At this point, the project is likely to face losses. However, in order to ensure the smooth completion of the Battersea Power Station project, Malaysian investors must continue to inject capital even if the cost is severely overrun, so the use of Malay government funds as mentioned at the beginning happened. The wonders for the London urban renewal project.

It is also worth mentioning that Malaysia will hold general elections in March-April 2018. Najib, who strongly supported the acquisition of Battersea Power Station, is seeking re-election as prime minister. Even for the current votes and face, this project is not tolerable to cut-loss.

To sum up, after combing through the past and present of the Battersea Power Station, we can see that the biggest winner of the whole thing is undoubtedly the British who "crazy on the wool of the former colony", who can't pay a cent for themselves, but can make the Malaysian government willing to use it. State funds help London to rebuild historical buildings and regenerate the city. It can be said that the benefits have been exhausted. It is a master of "empty gloves and white wolves"!

Shipeng Fu is based in London and engaged in real estate investment in the United Kingdom, columnist of View Real Estate Network

China–Singapore Suzhou Industrial Park (SIP) 中国—新加坡苏州工业园区



“I’m not proud of this project”: Philip Yeo on Suzhou Industrial Park

March 14, 2017

“This project will fail,” said Goh Keng Swee.

The China-Singapore Suzhou Industrial Park (SIP) project in the 1990s between the two countries was fraught with problems from the get-go. But few have spoken openly about them until now.

In the book, “Neither Civil Nor Servant”, former chairman of the Economic Development Board (EDB), Philip Yeo, shares why the project ran into so many issues that the majority ownership of the project was subsequently transferred from Singapore to China.

Mr Yeo, known for his shoot-from-the-hip bluntness which is matched only by that of the late former Prime Minister Lee Kuan Yew, opens up in the book by Peh Shing Huei, former China bureau chief at the Straits Times.

“I didn’t want to get involved,” Mr Yeo said in the book when asked about the SIP. “I never asked for this project and never wanted it. I did it for Lee Kuan Yew.”

“I’m not proud of this project,” said the man who has spent the better part of 40 years dedicated to his role as Singapore’s “salesman”, as he is sometimes referred to.

The SIP project was the first-ever state-to-state collaboration which China had been involved in at the time, and it came about after a chance exchange in a car in 1992 between Singapore’s then Deputy Prime Minister Ong Teng Cheong, and the Mayor of Suzhou, Zhang Xinsheng, while the former (and then Singapore Prime Minister Lee Kuan Yew) was on a visit to China.

DPM Ong had suggested that “both parties explore cooperation on the basis of transferring Singapore’s software expertise to Suzhou.”

In 1994, Singapore and China signed an agreement to build the SIP, an industrial township, with Singapore taking a 65% stake in the project, while China owned the other 35%.

The SIP would be a miniature Singapore, with a size of 100 square kilometres, located in the eastern coast of China.

The project, however, ran into trouble early on. In 1995, the Chinese were upset that the project had somewhat stalled. Lee Kuan Yew, on the recommendation of then EDB Managing Director, Lim Swee Say, approached Mr Yeo to take charge and move things along. His job was to bring in the investments to Suzhou.

“When I took over in 1996, I was up there in Suzhou every two, three months,” Mr Yeo says in the book. “I was on the road to bring in investments, to build the factories.”

Mr Yeo had “brought the full force of the EDB to bear” on making the project a success. Soon, many multi-national companies (MNCs) set up shop in the SIP.

However, the problems with the Chinese continued.

As then Senior Minister Lee Kuan Yew related in his autobiographical book, the Chinese were more interested in their own similar project, the Suzhou New District (SND), than giving their full support to the SIP.

The Chinese “[undercut] SIP in land and infrastructure costs”, SM Lee said. “This made SIP less attractive than SND.”



“I was very pissed off,” Mr Yeo said, and he made his feelings known to the Chinese.

“I bring you investments, I bring in know-how, I bring you jobs, I bring you exports, and here you are screwing me?” he said in the book.

When asked why the project turned out the way it did, Mr Yeo identified two “critical mistakes” which the SIP initiative had from the beginning.

First, the Chinese had actually recommended the site of the SND as the location for the SIP, but Singapore rejected the suggestion. Instead, Singapore selected another location in Suzhou for the SIP.

“Big mistake,” Mr Yeo explained. “I told Lee Kuan Yew that we should never have taken that place.”

Mr Yeo, before he was roped in to manage the SIP project, had been involved in another industrial park project in Wuxi. There, the location of the park was chosen by the Chinese, he said.

The second mistake with the SIP was the ownership split between Singapore (65%) and China (35%).

“We got 65, they got 35, why should they cooperate with us?” Mr Yeo asked. “At SIP, they get 35 cents for every $1. At SND, they get the whole dollar.”

The Singapore government had asked the Chinese side “to suspend marketing of their industrial park [the SND] for five years, making the Singapore-built park the only focus of development for the city for that period. But the officials refused.” (New York Times)

The problems seemed intractable. SM Lee asked Mr Yeo what he would do about the project.

“I said to withdraw,” Mr Yeo explained. “Give them the majority.”

SM Lee asked when Mr Yeo would do this.

“Now,” he replied.

By 1999, the Singapore consortium involved in the SIP had reportedly lost US$90 million.

In 2001, the two sides agreed to swap majority stake. China now would take 65%, and Singapore 35%. It was an embarrassing period for Singapore, having to give up its majority stake just 5 years after the project started. And at the handover, only 8 square kilometres of the project were completed.

The next year, for the first time, the Chinese made a profit of US$7.6 million from the SIP.

“In the Suzhou case, we started on the wrong footing and with the wrong concept,” Mr Yeo said in the book. “It was all wrong. My job was to repair. But it was too much for me.”

The failure of the project was predicted by one of Singapore’s founding ministers – Goh Keng Swee.

“When Lee Kuan Yew announced they were going into Suzhou, Dr Goh Keng Swee called me up,” Mr Yeo recalled. “He said: ‘This project will fail and they will call for you’.”

Mr Yeo added that Dr Goh, who had earlier been an economic adviser to the Chinese government, “was against the concept from the beginning.”

The SIP was at the time part of Singapore’s push to build an economic “second wing” outside the island, and the SIP was one part of hitching onto the rise of China to sprout this wing.

Despite the failure of the SIP collaboration, Singapore and China have gone on to successfully cooperate on other projects, such as the Tianjin Eco City and the Chongqing development, for example.

As for Mr Yeo, he has since stepped down from the Civil Service and presently runs his own consultancy, the Economic Development Innovations Singapore (EDIS), exporting his decades of expertise in development to other countries.

“Neither Civil Nor Servant” gives rare insights into the many initiatives Mr Yeo had been involved in, including his time in the Ministry of Defence where he first came under the mentorship of Dr Goh (one of three bosses he had), at the EDB which he is most recognised for, with A*Star and the controversies which surrounded it, and his venture in the sciences with the Biopolis. In-between these, he helped develop the Indonesian islands of Batam and Bintan as well.

Mr Yeo, in his inimitable style, also speaks bluntly about some of the more public spats he had, such as the ones with a PAP MP who had slammed him in Parliament, the quarrel with the daughter of Lee Kuan Yew, and the skirmish with a blogger over the scholarship issue.

The book gives one a broader understanding of the tireless work the 71-year old has rendered to the country, and by the end of the book, one is filled with not only admiration at his dedication to nation building, but also his deep sense of responsibility to workers which, at the end of the day, was what it was all about – people.

Everything he did, he said, is about “jobs, jobs, jobs” for Singaporeans, above all.

“Neither Civil Nor Servant” is published by Straits Times Press and is available in major bookstores.

Offline zuolun

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Re: The other side of the coin
« Reply #268 on: March 21, 2021, 12:46:48 PM »
中美阿拉斯加首輪會面 中方代表楊潔篪16分鐘發言 ~ 20 Mar 2021
https://www.youtube.com/watch?v=JfCcMHtVq60
China's 'wolf warrior' diplomats are ready to fight.

US-China meeting breaks into tense confrontation on camera ~ 19 Mar 2021
https://www.youtube.com/watch?v=nfGkJAX2WUc
Secretary of State Antony Blinken, National Security Advisor Jake Sullivan, and Chinese diplomats had a tense exchange at a key first meeting in Alaska.



Is the Quad an anti-China club? How 4 nations plan to engage Beijing ~ 19 Mar 2021
https://www.straitstimes.com/world/how-quad-nations-us-japan-india-and-australia-are-squaring-up-to-china
Quad grouping viewed in Japan as a means to neutralise China's influence.



Taiwan tells firms in Myanmar to fly flags to distinguish from China ~ 15 Mar 2021
https://news.trust.org/item/20210315035219-hdzto
Taiwan's de facto embassy in Myanmar has advised Taiwanese companies operating in the country to fly the island's flag and hang signs stating they are from Taiwan to avoid being confused with China, after Chinese-financed factories were set ablaze.



UK-China relations move from Golden Age to Ice Age ~ 19 Feb 2021
https://exbulletin.com/politics/749407/



China takes aim again at BBC as dispute intensifies ~ 6 Feb 2021
https://www.youtube.com/watch?v=nJmsy-iNOZ0
The BBC came under fire from Chinese officials and social media on Friday in an escalating diplomatic dispute, a day after Britain's media regulator revoked the TV license of Chinese state media outlet CGTN.



Chinese and Indian troops ‘clash’ in disputed border area ~ 26 Jan 2021
https://www.youtube.com/watch?v=1FU1lkaxyU4



Maps show 500 suspected 're-education' camps and prisons where China is locking up and torturing its Muslim minority ~ 25 Nov 2019
https://www.businessinsider.com/china-uighur-prison-camp-suspected-locations-maps-2019-11


Offline zuolun

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Re: The other side of the coin
« Reply #269 on: March 22, 2021, 11:24:39 AM »
我們遺忘了緬甸 緬甸人沒有遺忘民主 ~ 21 Mar 2021
https://www.youtube.com/watch?v=nF2_QSKAAKw

Indonesia calls for Asean summit on Myanmar crisis ~ 19 Mar 2021
https://www.bangkokpost.com/world/2086519/indonesia-calls-for-asean-summit-on-myanmar-crisis

No peaceful resolution for Myanmar coup situation: analyst | AFP ~ 17 Mar 2021
https://www.youtube.com/watch?v=nvzSPePdUQ0

ASEAN looks to calm situation in Myanmar ~ 16 Mar 2021
https://www.youtube.com/watch?v=ryux5G9UYy8


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Re: The other side of the coin
« Reply #270 on: March 23, 2021, 03:45:53 PM »
Canada sanctions Chinese officials over Uyghur treatment ~ 23 Mar 2021
https://www.youtube.com/watch?v=Sx7v45Y_GZ8

EU, US, UK, Canada target China officials over Uyghur abuses ~ 23 Mar 2021
https://www.abc.net.au/news/2021-03-23/eu-us-uk-canada-target-china-officials-over-uyghur-abuses/100022544

EU slaps sanctions on 4 Chinese officials over Uyghur abuses ~ 22 Mar 2021
https://www.hindustantimes.com/world-news/eu-slaps-sanctions-on-4-chinese-officials-over-uyghur-abuses-101616414887310.html
The sanctions involve a freeze on their assets in the EU and a ban on them traveling in the bloc.
European citizens and companies are not permitted to provide them with financial assistance.

Australia and New Zealand welcome sanctions on China over Uighur abuses ~ 22 Mar 2021
https://www.hindustantimes.com/world-news/australia-new-zealand-welcome-sanctions-against-chinese-over-uighur-abuses-101616478742807.html
Australia and New Zealand have not imposed sanctions on China over Uighur abuses.



Social media worsens growing anti-China sentiments in Southeast Asia ~ 22 Mar 2021
https://www.channelnewsasia.com/news/commentary/milk-tea-alliance-protests-southeast-asia-china-14444898
No country more than Myanmar illustrates the perils and promise of social movements in the Internet age.

EU and U.S. sanctions step up pressure on Myanmar military over coup ~ 22 Mar 2021
https://www.reuters.com/article/us-myanmar-politics/eu-and-u-s-sanctions-step-up-pressure-on-myanmar-military-over-coup-idUSKBN2BE074



Phillipines demands withdrawal of over 200 Chinese vessels from South China Sea ~ 22 Mar 2021
https://www.youtube.com/watch?v=vmURWY_2m8s
Most parts of the South China Sea are heavily contested as China claims sovereignty.



中共駐法大使撒野 法國朝野憤怒 ~ 22 Mar 2021
https://www.youtube.com/watch?v=oX1jtwoWz8Q
中共驻法国大使日前向法国议员施压,要求取消率团访问台湾的计划。
法国政府回应说,参议员有旅行和决定会见对象的自由。



外媒評楊潔篪「潑婦罵街」 美中關係恐難回頭 ~ 20 Mar 2021
https://www.ntdtv.com/b5/2021/03/20/a103077517.html



习近平:中国可以平视世界了。这玩笑开大了,一尊的认知水平愁人啊! ~ 10 Mar 2021
https://www.youtube.com/watch?v=phcFzB0Oaig
习近平3月6日在出席全国政协联组会议时说,“70后”的中国人如今走出去看世界之前,“中国已经可以平视这个世界了”。
他还说,思政课不仅应该在课堂上讲,也应该在社会生活中讲。


Offline zuolun

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Re: The other side of the coin
« Reply #271 on: March 29, 2021, 10:47:02 AM »
Dr. Robert Redfield, former CDC Director, says he believes virus 'escaped' from Lab in Wuhan ~ 27 Mar 2021
https://www.youtube.com/watch?v=wMZHgTdzrAg

Award-winning biologist slams Peter Daszak and WHO COVID colleagues for peddling Chinese Communist Party ‘disinformation.’ ~ 27 Mar 2021
https://thenationalpulse.com/breaking/bio-slams-daszakwho-for-peddling-ccp-disinfo/
Scientists such as Richard Ebright, a molecular biologist at Rutgers University in New Jersey, are condemning Peter Daszak's participation due to conflicts of interest "that unequivocally disqualify him from being part of an investigation of the origins of the Covid-19 pandemic."

A credible investigation would have had Terms of Reference that:
  • Acknowledged the possibility of laboratory origin.
  • Ensured access of investigators to records, samples, personnel, and facilities at the Wuhan laboratories that handle bat SARS-related coronaviruses.
  • Enabled collection of evidence, not mere meet-and-greet photo-ops.
  • Authorized an investigation of months, not mere days.
  • A credible investigation also would have had conflict-of-interest-free investigators, not persons who were subjects of the research and/or closely associated with subjects of the investigation.
Made in China ~ 11 Oct 2020
https://www.theweek.in/theweek/cover/2020/10/01/made-in-china.html
Li-Meng Yan: "Everyone deserves to know the truth."


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Re: The other side of the coin
« Reply #272 on: March 30, 2021, 04:57:31 PM »
What happened in Wuhan? Why questions still linger on the origin of the coronavirus ~ 28 Mar 2021
https://www.cbsnews.com/news/covid-19-wuhan-origins-60-minutes-2021-03-28/
A lack of transparency from Chinese officials and looming geopolitical consequences have damaged the credibility of a WHO-led inquiry into how the virus that causes COVID-19 originated.

China’s deception over COVID-19’s origins gets more outrageous every day ~ 27 Mar 2021
https://nypost.com/2021/03/27/chinas-deception-over-covid-origins-more-outrageous-every-day/
China's Maj. Gen. Chen Wei, bioweapons chief, rushed to Wuhan to deal with the first cluster of COVID-19 cases in fall 2019.
Why? It's possible the coronavirus escaped from that city's lab.



陈薇 与 钟南山团队均已部署新型研发, 涉及纳米颗粒 mRNA技术 | 分获共和国勋章和国家荣誉称号 ~ 9 Mar 2021
https://www.youtube.com/watch?v=b9ygctEBYnk


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Re: The other side of the coin
« Reply #273 on: April 01, 2021, 12:17:54 PM »
港大教授袁國勇BBC受訪 質疑中共瞞疫遭下架 ~ 28 Jul 2020
https://www.youtube.com/watch?v=OoLXJFzfQMw
香港大學微生物學系教授袁國勇,在2020年七月27日接受英國BBC的專訪,他說他早在1月初,就在深圳發現了家庭感染的案例並立即報告當局,不過中共直到20日才承認病毒人傳人,讓他質疑中共確實試圖在掩蓋疫情。

Chinese doctor alleges covid cover-up, says Wuhan market was 'clean already' ~ 27 Jul 2020
https://www.livemint.com/science/health/chinese-doctor-alleges-covid-cover-up-says-wuhan-market-was-clean-already-11595852010340.html
Hong Kong Professor Kwok-Yung Yuen: "When we went to the Huanan supermarket, of course, there was nothing to see because the market was clean already. So, you may say that the crime scene is already disturbed because the supermarket was cleared. We cannot identify any host which is giving the virus to humans."



世卫内部文件显示,中国在关键时刻极力拖延疫情信息披露 ~ 2 Jun 2020
https://www.voachinese.com/a/china-delayed-releasing-coronavirus-info-frustrating-who-20200602/5445851.html
美国一直抱怨中国隐瞒疫情真相,没有给世界卫生组织及时提供疫情信息。中国则声称,自己坚持信息透明,一直及时地给世卫组织提供一切必要的信息,而世卫组织也一再赞扬中国政府对新冠病毒疫情反应迅速,及时分享病毒信息,称中国在信息透明方面做出了“令人印象深刻”的努力。

中国疾控中心主任 高福称从未说过不存在人传人 ~ 5 May 2020
https://www.youtube.com/watch?v=0kWNRUqSD_U
卫健委高级别专家组组员高福院士。访问中,他对高级别专家组有关“人传人”的判断经过,进行了详细的回溯。
他强调,公共卫生专家的工作,仅仅根据经验进行推测是不够的,最重要的是:找到确凿的事实,从而作出有依据的判断。
有关高福院士的专业介绍资料显示:他专长于研究包膜病毒,特别是它们如何进入细胞以及在物种之间移动。



世卫组织称暂无数据显示新冠病毒在中国以外持续本地传播 ~ 19 Feb 2020
http://www.xinhuanet.com/world/2020-02/19/c_1125595628.htm

2月18日,在瑞士日内瓦,世界卫生组织总干事谭德塞(左)出席例行记者会。



Scientists shouldn't rule out lab as source of coronavirus, New Study says

By Jason Lemon
17 May 2020

A new scientific analysis of the novel coronavirus (SARS-CoV-2) has argued that scientists should not rule out the possibility that the virus originated in a laboratory setting, no matter how likely or unlikely that could be.



While U.S. officials and intelligence agencies have held out the possibility of a leak from the Wuhan Institute of Virology, China has dismissed the idea as a conspiracy theory.

The scientific community has generally agreed with China's position that the Coronavirus jumped species in nature, probably at a wet market in the city of Wuhan. That view has been in part based on the evidence that the COVID-19 virus was not genetically manipulated.

Scientists who looked at the study at Newsweek's request said that the analysis is unconventional and uses techniques that are unproven. They cautioned against drawing conclusions until more research can corroborate the analysis.

The new study, which has not been peer-reviewed and was published on the site bioRxiv hosted by Cold Spring Harbor Laboratory, notes that the novel virus is "well adapted for humans." It was authored by scientists from the Department of Zoology & Biodiversity Research Center at the University of British Columbia, the Fusion Genomics Corporation and the Stanley Center for Psychiatric Research at the Broad Institute of MIT and Harvard. bioRxiv cautions that studies published on its site should not "be regarded as conclusive, guide clinical practice/health-related behavior, or be reported in news media as established information."

"Our observations suggest that by the time SARS-CoV-2 was first detected in late 2019, it was already pre-adapted to human transmission to an extent similar to late epidemic SARS-CoV. However, no precursors or branches of evolution stemming from a less human-adapted SARS-CoV-2-like virus have been detected," the authors of the study explained in the abstract.

"The sudden appearance of a highly infectious SARS-CoV-2 presents a major cause for concern that should motivate stronger international efforts to identify the source and prevent near future re-emergence," they warned.

The analysis explains that there is still no clear evidence to point to a precise origin of the virus. The researchers explained, based on the genetic makeup and samples of the virus, it remains unclear whether SARS-CoV-2 adapted inside an intermediary animal host, within a human, or in a laboratory setting. It could have potentially jumped from species to species within a lab.

"Even the possibility that a non-genetically-engineered precursor could have adapted to humans while being studied in a laboratory should be considered, regardless of how likely or unlikely," the authors wrote.

In conclusion, the study cautions that various possibilities for how the outbreak began in humans "means that we need to take precautions against each scenario to prevent re-emergence."

Jonathan Eisen, a professor at the University of California, Davis, tweeted a thread Sunday about the study, after Newsweek published this story. He wrote: "I find this conclusion to be unconvincing for many reasons including: 1) They have not shown their methods work for detecting these patterns 2) Only compare to CoV 3) Not enough testing of alternative hypothesis 4) No strong evidence CoV2 well adapted to humans from start."

"I note - there are some interesting analyses in this preprint but I am really just not convinced that they have shown that they can make the inferences they are making based on these analysis," he added.

As Newsweek reported on April 27, the U.S. Defense Intelligence Agency updated an assessment of the origins of the novel coronavirus pandemic to suggest that it could have accidentally leaked from a laboratory in Wuhan, China. Previously the assessment had concluded that the new virus had "probably occurred naturally."

Scientists and the intelligence community have largely dismissed conspiracy theories that the virus was genetically manipulated. Many scientists have also stressed that it is more likely that the virus arose naturally than that it leaked from a lab, although there is not yet conclusive evidence for either theory.

President Donald Trump, Secretary of State Mike Pompeo and some top Republican lawmakers have quickly jumped behind the theory that the virus could have emerged from a lab leak. The Wuhan Institute of Virology was known to be researching coronaviruses similar to the one that has now caused the pandemic. But Chinese scientists at the facility and Chinese officials have roundly rejected the possibility that a lab leak could have spurred the global outbreak.

Pompeo has said that the U.S. does not have "certainty" about the Wuhan lab theory, but has said that there is "significant evidence that this came from the laboratory." Meanwhile, China has maintained that the virus emerged naturally, with initial analysis suggesting it came from a now infamous wet market in Wuhan.

However, the new study published on bioRxiv explains that from the wet market samples still in existence, it's not possible to determine if there was an intermediary species before the virus jumped to humans. "If intermediate animal hosts were present at the market, no evidence remains in the genetic samples available," the researchers wrote. They conclude that the available market samples were most likely from humans, not animals.

Trump, who is facing significant criticism within the U.S. for his administration's response to the pandemic, has repeatedly blamed China for the novel coronavirus outbreak. He has also suggested that the U.S. will attempt to punish China.

"There are many things we could do," the president told Fox Business host Maria Bartiromo on Thursday morning. "We could cut off the whole relationship."

Dr. Anthony Fauci, a key member of Trump's coronavirus task force who serves as the director of the National Institute of Allergy and Infectious Diseases, has been less receptive to the Wuhan lab theory.

"If you look at the evolution of the virus in bats and what's out there now, [the scientific evidence] is very, very strongly leaning toward this could not have been artificially or deliberately manipulated – the way the mutations have naturally evolved," Fauci said in an interview with National Geographic earlier this month.

"A number of very qualified evolutionary biologists have said that everything about the stepwise evolution over time strongly indicates that [this virus] evolved in nature and then jumped species," he said.

China has faced significant international criticism for its handling of the novel coronavirus outbreak. Chinese officials initially covered up the outbreak in Wuhan. They have also appeared to be censoring research into the origins of the virus, and German and U.S. intelligence suggests that the World Health Organization (WHO) was pressured by China to downplay the threat posed by COVID-19. Meanwhile, the Chinese government has attempted to shift the narrative, as it tries to position itself as a global leader in dealing with the pandemic by sending medical supplies to nations around the world.

As research into the origins of the novel coronavirus continues, the global pandemic has already infected nearly 4.7 million people around the world. Of those infected, more 313,000 have died while over 1.7 million have already recovered.

Offline zuolun

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Re: The other side of the coin
« Reply #274 on: April 02, 2021, 12:57:29 PM »
UN envoy warns of possible civil war in Myanmar ~ 2 Apr 2021
https://www.youtube.com/watch?v=-WaskC-AIKI

Mixed reactions from netizens over Singapore’s non-interference stance on junta violence in Myanmar ~ 1 Apr 2021
https://www.theonlinecitizen.com/2021/04/01/myanmar-traitors-hounded-in-online-anti-coup-campaign/
Myanmar's ousted leader Aung San Suu Kyi has been charged with violating the country's Official Secrets Act.
The new allegation was revealed by her lawyer. An earlier claim of treason could see her barred from political office for life.
At the same time, protests have continued as demonstrators mark two months since the February coup.

Yoma again extends completion date for Digital Money acquisition to 30 Apr 2021 ~ 31 Mar 2021
https://links.sgx.com/1.0.0/corporate-announcements/QSIVR2OKVNILU9R7

US orders non-essential personnel out of Myanmar as military escalates protest crackdown ~ 31 Mar 2021
https://www.voanews.com/usa/us-orders-non-essential-personnel-out-myanmar-military-escalates-protest-crackdown

India may face heat of US sanctions on Myanmar ~ 31 Mar 2021
https://www.tribuneindia.com/news/nation/india-may-face-heat-of-us-sanctions-on-myanmar-232267
The impact of US sanctions on two Myanmar military companies may be lapping Indian shores after Australian human rights lawyers claimed that Adani Group is financially involved with one of the companies.

EU sanctions Myanmar, Germany condemns 'murders' ~ 23 Mar 2021
https://www.youtube.com/watch?v=Zm9xIBLaboY

Myanmar faces wider business fallout after Kirin retreat ~ 10 Feb 2021
https://www.theedgemarkets.com/article/myanmar-faces-wider-business-fallout-coup-after-kirin-move
  • With the US reiterating plans to renew sanctions, it could cause a rippling effect among businesses, threatening US$5.5 billion in foreign investment in a country that just a few years ago was on the path to democracy.
  • Among recent foreign deals, CVC Capital Partners reached an agreement in December to buy Myanmar’s biggest telecommunications tower company for close to US$700 million. The deal for Irrawaddy Green Towers Ltd was the second-biggest in the country, trailing only the acquisition of Myanmar Distillery group by a unit of Thai Beverage PCL.
  • Singapore’s sovereign wealth firm GIC Pte and Norway’s Norfund AS bought a 30% stake in Yoma Bank Ltd for 131 billion kyat (US$92.1 million) last April.
  • Nations with the most at stake from the instability include Singapore, Myanmar’s largest foreign investor, accounting for almost 34% of approved investment by dollar value, according to a World Bank report in December.


Japan's Kirin ends Myanmar beer tie-up with army-owned partner after coup ~ 5 Mar 2021
https://www.theedgemarkets.com/article/japans-kirin-terminate-myanmar-beer-alliance
The move effectively scraps the joint venture called Myanmar Brewery, in which Kirin's controlling stake is valued at up to US$1.7 billion


Offline zuolun

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Re: The other side of the coin
« Reply #275 on: April 04, 2021, 01:40:46 PM »
The breakout of the stock market to record highs is being affirmed by one of the oldest indicators on Wall Street ~ 3 Apr 2021
https://markets.businessinsider.com/news/stocks/stock-market-analysis-record-highs-confirmed-dow-theory-indicator-2021-4-1030272468
  • Dow Theory is based on the relative price action of the Dow Jones Industrial Average and the Dow Jones Transportation Average.
  • Since mid-February, the Transportation Average has minted 14 new all-time highs, signaling more gains ahead for the broader market.


What’s next after stock-market bubbles and Archegos chaos mark trading in 1st quarter?

By Mark DeCambre
3 Apr 2021

Will a raucous first quarter of 2021 give way to more bubbliciousness in segments of the U.S. stock-market after blocked trade canals, surges in borrowing costs fueled by spiking bonds yields, and an unmitigated hunger to get rich quick in the coming three months of the year?

No one seems to know, but investors were unruffled by the warning signs sounded by the flameout of Archegos Capital Management last week. The ripple effects of the implosion of the family office of Bill Hwang, a protégé of famed investor Julian Robertson, could deliver a $10 billion hit to the banks that were part of a series of complex bets using heaps of borrowed money made by the family office, according to a report by JPMorgan Chase & Co.

Credit Suisse CS, and Nomura, have said that they expect to incur losses due to market volatility believed to be associated with Archegos. Even Wells Fargo WFC, wrestling with its own reputational dings, was involved in the complex trades but has stated that it doesn’t foresee losses due to the $30 billion unwind of Archegos wagers.

Hwang, a professionally trained, veteran investor, is hardly one to be likened to the collective of individual investors who congregated on Reddit and Discord chat boards to propel shares of so-called meme stocks like GameStop Corp. and AMC Entertainment Holdings AMC, to breathtaking heights in the first quarter. Yet Hwang reportedly applied a similar playbook to that employed by the retail raiders.

The Wall Street Journal reported that the Archegos founder routinely made concentrated bets within his portfolio that made his returns volatile and that he “liked to focus on stocks that were heavily ‘shorted,’ or had a high level of bearish positions,” citing a person familiar with the investment manager’s trades.

If that strategy sounds familiar, that is Reddit investing 101.

And it turns out that otherwise staid family offices have become a much riskier part of the market, embracing “investment strategies used in previous decades by the most aggressive hedge funds,” WSJ’s Gregory Zuckerman reports, with 69% of these offices established over the past two decades perhaps as regulatory scrutiny on hedge funds intensified.

To be sure, the Archegos story doesn’t appear to be a redux of Long Term Capital Management, which suffered seismic losses in 1998 that sent shock waves throughout global markets, but the event does come at a precarious time for investors and continues to point to froth building up in the financial system amid interest rates that remain historically low and liquidity that is nearly unceasing.

A separate JPMorgan report dated March 30 said the Archegos blowup does raise eyebrows. “The Archegos events raise questions about leverage in the financial system,” wrote analysts including Nikolaos Panigirtzoglou.

JPMorgan’s conclusion is that hedge fund leverage, in particular, has risen again since 2017 “and currently stands at the highest level since 2007,” but notes that the levels of borrowed funds remain significantly below the historic high levels around the Long Term Capital Management crisis.

Still, MarketWatch also has been curious about investors’ knack for dismissing calamities like Archegos and turbulence fueled by Redditors.

“The market is well positioned to handle things like this with all the liqudiuty being provided by the Fed,” Jeff Buchbinder, equity Strategist at LPL Financial, told MarketWatch in a Friday (Apr 2) interview.

Buchbinder said that the market didn’t perceive either GameStop nor Archegos as systemic risks, and grave concerns about the integrity of financial markets would have been perceived in widening credit spreads, reflecting the differential between what businesses pay to borrow money compared against the government.

Bond yields also maintained an upward trend in the first quarter, as investors continued to rotate out of risk-free debt and into assets that could perform better as the economy recovers from COVID. The 10-year Treasury note yield, 1.719% ended the week at 1.714%, with the bond market closing early at 12 p.m. Eastern in observance of Good Friday (Apr 2).

Buchbinder says that investors are more concerned about the Federal Reserve, inflation, and the outlook for the economy than they are about hedge-fund-like implosions and Redditors.

“Something we haven’t seen is inflation and a lot of people are worried about an inflation scare,” the analyst said.

The expectation for a surge in consumer prices come as the U.S. economy added 916,000 new jobs in March, well above the average forecast analysts surveyed by Dow Jones for 675,000, with the unemployment rate falling to 6% from 6.2%.

Some fear that those healthy figures portend a surge in the jobs market that could compel the Federal Reserve to rethink its projections for when easy-money policies will be normalized, currently at around 2023 and 2024,

“The Fed’s timetable probably has to move up a little but the market never really believed that they would wait until 2024 before raising rates, anyway,” Buchbinder said.

The LPL analyst said that the bigger fear—one that the market may not immediately be ready for—is tapering of the Fed’s bond-buying by as soon as the fall of this year.

Aiding the economic rebound is $1.9 trillion in COVID aid from Congress that is being doled out to small businesses and individuals reeling from the pandemic. President Joe Biden’s $2.3 trillion infrastructure proposal, which would also come along with tax hikes, could further juice the economy even as it potentially slows down the bull market in stocks with increased borrowing costs.

“The market will be concerned about the Fed most likely and that could slow this [stock-market] advance as we price in this economic recovery in the spring,” Buchbinder said.

What are investors to do against that backdrop?

LPL is still advising that a healthy dose of value, equities viewed as undervalued versus a metric such as book value, should be in investors’ portfolios but also believes that select growth-oriented stocks, which promise above-average earnings growth, will perform well over the longer term as well.

In fact, Louis Navellier, founder of asset-management firm Navellier & Associates, says that semiconductor companies, despite issues with chips, could be a good bet in 2021.

“High-tech companies that are crucial suppliers to cyclical companies stand to benefit hugely from the economic rebound, arguably more so than the companies they supply,” Navallier wrote in a research note dated April 1.

“The takeaway is that regardless of the ongoing growth versus value debate, the chip and chip equipment sector can claim to be both value and growth,” he writes.

“In the near term, value probably has a little bit of an advantage,” said Buchbinder estimates. The LPL analyst also said that investors should not be fearful of owning bonds as yields climb and prices fall because they still represent protection against bumps in the stock market ahead, particularly if the 10-year yield rise is capped at around 2%.

Durations, however, should be kept short, with LPL advising maturities of three to five years in fixed-income.

On Thursday (Apr 1), with the U.S. stock market closed on Good Friday, the S&P 500 index SPX (+1.18%), clinched its 16th record close of 2021, while the Dow Jones Industrial Average DJIA (+0.52%), marked its second-highest finish in history, off less than 0.1% from its all-time closing high at 33,171.37, notched earlier last week. The yield-sensitive Nasdaq Composite COMP (+1.76%), is 4.4% from its Feb. 12 record high.

So, will this Wall Street party last forever ?

“At some point the Fed is going to take away the punchbowl,” said Buchbinder and maybe then events like Archegos will matter more to markets.

How a strong vs. weak dollar impacts U.S. businesses ~ 26 Mar 2021
https://finance.yahoo.com/news/strong-vs-weak-dollar-impacts-160000310.html
  • The first reason why the dollar may weaken is monetary policy. The Fed implements policies to adjust interest rates. When the Fed implements QE measures or lowers the interest rate to encourage people to borrow money and stimulate the economy, this can weaken the dollar.
  • Since 2008, both conditions are met — interest rates are very low (at an all-time-low most of the time), while the Fed injected trillions of dollars into the financial markets.
World-class economist Robert Reich explains the current economic crisis in America ~ 17 Mar 2021
https://www.youtube.com/watch?v=v4QPySEEy9k

Behind the corporate bond market's US$10.5 trillion debt 'bubble' ~ 13 Mar 2021
https://www.youtube.com/watch?v=CCmdmOr06pY
The corporate debt market is where companies go to borrow cash.
And for over a decade, super-low interest rates left over from the 2008 financial crisis have made borrowing easier and easier.
Since then, U.S. companies have regularly offered up bonds for sale, taking advantage of the cheap access to cash.

ECB signals faster money-printing to keep lid on yields ~ 11 Mar 2021
https://www.reuters.com/article/us-ecb-policy-idUSKBN2B22TY
ECB aimed to push down yields close to where they were in December, when Germany’s 10-year yield touched -0.64%.

German yields fall for second day as selloff in bond markets subsides ~ 1 Mar 2021
https://www.reuters.com/article/eurozone-bonds-idUSL3N2KZ29D
Yields on ten-year U.S. Treasury yields fell five basis points to 1.40% on Monday (Mar 1).
On Thursday (Feb 25), it touched 1.614% , the highest in a year, rocking world markets.
German government bond yields also retreated. Yields on 10-year securities fell to -0.30%.



Yellen drops $1.1 trillion treasury cash pile in a big jolt for money markets ~ 19 Feb 2021
https://realmoney.thestreet.com/investing/stocks/yellen-drops-1-1-trillion-treasury-cash-pile-in-a-big-jolt-for-money-markets-15572650
  • With new liquidity about to pour in, it remains to be seen how will it affect equities, risk assets, and more importantly, money markets.
  • Powell has already taken rates down to almost 0%, and now Yellen just announced plans to reduce the stockpile of cash the Treasury has amassed over the last year.
“Mind-boggling liquidity”: Nobody is paying attention to the $1.1 trillion flood about to hit markets ~ 7 Feb 2021
https://www.nxtmine.com/mind-boggling-liquidity-nobody-is-paying-attention-to-the-1-1-trillion-flood-about-to-hit-markets/


Offline zuolun

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Re: The other side of the coin
« Reply #276 on: April 05, 2021, 09:42:48 AM »
By Karen Yeung
Sat, 3 April 2021

A string of energy-rich economies appear to be moving closer into China's orbit, expanding economic ties and potentially fuelling the rise of the petroyuan, analysts say.

Chinese Foreign Minister Wang Yi ended a week-long tour on Tuesday of Saudi Arabia, Turkey, Iran, the United Arab Emirates, Bahrain and Oman, vowing to help protect their core interests against foreign interference amid rising pressure from the United States.

Facing sanctions itself, China could be looking to secure long-term deals with Middle Eastern nations using the yuan as a form of payment so that all parties can circumvent potential restrictions associated with the US dollar payment system, analysts said.

"It would be a policy goal for both China and those Gulf States to be able to use an alternative to the US dollar," said Steven Dooley, currency strategist for the Asia-Pacific at Western Union Business Solutions. "If they do use the petroyuan for circulation through the Middle East, the currency would become more important as part of the global financial system."

In 2018, China launched yuan-denominated oil futures contracts in Shanghai, known as the petroyuan, with the aim of internationalising its currency and competing with US petrodollars, which have underpinned the existing system of oil valuation for decades.

The petrodollar dates back to the Bretton Woods Conference in 1944, where the US dollar was agreed upon to become the new global currency in the post-war monetary system.

In the early 1970s, the Bretton Woods system collapsed when former president Richard Nixon ended the gold standard and introduced a fiat US dollar-based system. Nixon subsequently struck a deal with Saudi Arabia, the world's biggest oil exporter, to buy oil and provide the kingdom military aid and equipment.

In return, the Saudis would "recycle" billions of dollars in revenue back into US treasuries, financing American spending.

The deal established the petrodollar system, creating a lifetime of demand for dollars from wealthy Middle Eastern countries based on demand for their crude oil.

Petrodollar hegemony allowed the US to maintain influence over the rest of the world and perpetually finance its current account deficit by issuing dollar-denominated assets at low interest rates.

As the world's largest buyer of oil from Saudi Arabia, China could duplicate the strategy to dictate oil pricing terms, analysts said.

Currently, when China imports from producers as Saudi Arabia, Angola, Russia or Oman, transactions are beholden to dollar valuations, making China vulnerable to the petrodollar system.

"(China can) allocate its oil demand to Saudi Arabia. In exchange, Saudi's will buy better yielding bonds. China will use this capital as part of their 'dual circulation' or domestic focus of growing the middle-class entrants. Hence, more demand for the renminbi," Patrick Eng, a partner at investment firm Sparkill & Co, said in online research recently published by SmartKarma.

The petrodollar's advantage as a reserve currency might be starting to wane amid US sanctions on multiple countries, with regional trade partners or foreign production companies seeking to limit risk exposure to the dollar and dollar-centric monetary system, according to analysts.

And the petroyuan could emerge as an attractive alternative, allowing business to be exclusively conducted in the Chinese currency to safeguard finances from US foreign policy and sanctions.

China and Russia have already been forging rouble-yuan deals to ditch the US dollar and use local currencies in international trade. The share of dollars in Russian exports to China plunged to 39 per cent in 2019 from 75 per cent in 2018, according to data provided by ING Bank, reflecting a shift in invoicing of oil contracts into euros.

Similarly, the share of dollars in Chinese imports to Russia declined to 61% in 2020 from 72% in 2018 , reflecting the increasing roles of the euro and yuan.

Russia's central bank holds around US$68 billion equivalent in yuan in foreign exchange reserves, about 14% of its total, suggesting upside potential for use of the yuan in Russian trade and financial flows.

Last month, Russian Foreign Minister Sergei Lavrov called for Moscow and Beijing to reduce their dependence on the dollar and Western payment systems to push back against what he called the West's ideological agenda.

The timing of the statement coincided with fresh foreign policy tensions for Russia, with the US and European Union discussing a new round of sanctions over cyber attacks and the use of chemical weapons on critics.

Dmitry Dolgin, chief economist for Russia and the Commonwealth of Independent States at ING Bank, said Russia was unlikely to immediately shift to invoicing its oil exports in yuan.

"Another way to assure de-dollarisation is better cooperation in the banking sector. Chinese banks are present on the Russian market, but their share is quite low at the moment," Dolgin said.

The Covid-19 crisis could act as a catalyst in shifting the current geopolitical architecture, helping China promote economic development in oil rich nations that leads to demand for the petroyuan, analysts said.

During his diplomatic tour, Wang said China and the Middle East would boost investment and trading in energy, and also cooperate more on 5G and artificial intelligence. China has so far provided 38 million doses of Covid-19 vaccines to 17 Middle Eastern nations.

China has become Iran's most important commercial partner after the two countries signed a 25-year strategic partnership last week.

The deal is touted as being worth between US$400 billion and US$600 billion, including an expansion of China's presence in Iranian banking, telecommunications, ports, railways and dozens of other projects. In exchange, China will receive a regular and heavily discounted supply of Iranian oil, although Chinese and the Iranian foreign ministries insist no detailed contract has been signed.

In Saudi Arabia, state giant Saudi Aramco said last month it would ensure China's energy security is its highest priority for the next 50 years, and that Chinese demand was close to pre-pandemic levels.

"This statement does indicate that yuan is likely to be used for the payment for China's future purchase of oil from Saudi Aramco," said Guoxiong Zhang, the director of the Economist Corporate Network in Shanghai. "If that happens, more trading on crude oil will be using yuan."

It's unlikely that we see Saudi Arabia move away from the dollar, given that this would only hurt the relationship between the two countries.

Warren Patterson, head of commodities strategy at ING Bank, said in theory having petroyuan-listed commodity futures available to foreigners would help facilitate oil exports to China being settled in yuan rather than dollars.

But there are still a number of obstacles, including restrictions on the yuan's convertibility and the tricky relationship with the US, Patterson said.

"It's unlikely that we see Saudi Arabia move away from the dollar, given that this would only hurt the relationship between the two countries," Patterson said. "While there is the potential to see some Saudi flows to China transacted in (yuan), I think the USD will remain the preferred currency of choice for the Saudis."

Zhang said China's efforts to grow its offshore yuan markets will also help alleviate limitations with the convertibility of the currency.

The People's Bank of China last week pledged to enhance the yuan's exchange rate flexibility, signalling less policy resistance towards recent movements in the currency.

Dooley, from Western Union Business Solutions, said bilateral agreements between China and oil producing nations that were settled in yuan, as well as an increase in yuan-denominated contracts used for hedging and speculation, could see a significant rise in the petroyuan in the coming decades.

Global trade in 2018 was worth about US$20 billion, but yuan transactions accounted for only about 1.8%. If they doubled to 3.6%, that would mean an extra US$360 billion taken out of the system, Dooley said.

"A year ago we had no idea Covid-19 was about to hit. So the way the world develops can be incredibly unexpected," Dooley said.

"The way that these kinds of big shifts in financial markets tend to occur, is that they take a lot longer to develop than you think. But once they occur, they can occur in a really quick move and you see a regime change very, very quickly."

Offline zuolun

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Re: The other side of the coin
« Reply #277 on: April 07, 2021, 10:38:49 AM »
In a first for major economy, China creates its own digital currency ~ 6 Apr 2021
https://www.wsj.com/articles/china-creates-its-own-digital-currency-a-first-for-major-economy-11617634118
  • The dollar far outstrips all other currencies for use in international foreign-exchange trades, at 88% in the latest rankings from the Bank for International Settlements. The yuan was used in just 4%.
  • Josh Lipsky, a former International Monetary Fund staffer now at the Atlantic Council think tank, said, “Anything that threatens the dollar is a national-security issue. This threatens the dollar over the long term.”
  • The digital yuan could give those the U.S. seeks to penalize a way to exchange money without U.S. knowledge. Exchanges wouldn’t need to use SWIFT, the messaging network that is used in money transfers between commercial banks and that can be monitored by the U.S. government.
  • The chance to weaken the power of American sanctions is central to Beijing’s marketing of the digital yuan and to its efforts to internationalize the yuan more generally. Speaking at a forum last month, China’s Mr. Mu, the central bank official, repeatedly said the digital yuan is aimed at protecting China’s “monetary sovereignty,” including by offsetting global use of the dollar.
[imghttps://imageproxy.themaven.net/https%3A%2F%2Fimages.saymedia-content.com%2F.image%2FMTgwMTEwNDgwMDU0OTUzMDgy%2Fmeet-the-digital-yuan.png[img]
China digital currency: US ‘worried’ as it falls ‘behind the curve’ in race for financial technology innovation ~ 16 Mar 2021
http://www.koreatimes.co.kr/www/world/2021/03/672_305646.html
• The People’s Bank of China have been conducting experiments and tests of its sovereign digital currency for more than five years.
• The Biden administration has finally shown support for research into the viability of a digital US dollar for the first time.

Offline zuolun

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Re: The other side of the coin
« Reply #278 on: April 08, 2021, 11:46:54 AM »
中国航母辽宁舰入西太平洋 美罗斯福号驶进南海 台湾需面对周边军事活动常态化? ~ 8 Apr 2021
https://www.bbc.com/zhongwen/simp/chinese-news-56659815
“辽宁号”航母4月4日通过冲绳与宫古岛的海域,南下航入西太平洋。



How China’s digital currency push can boost fintech and the yuan’s global presence ~ 7 Apr 2021
https://www.scmp.com/comment/opinion/article/3128475/how-chinas-digital-currency-push-can-boost-fintech-and-yuans-global
  • China has a huge advantage over other countries with its coming roll-out of the digital yuan – its large captive market. During the past two decades, China has moved from cash to cashless with breathtaking speed.
  • China’s ratio of M0, or measure of cash, to M2, or measure of broad money – a metric used to gauge the usage of cash in the economy – is among the lowest in the world, declining from more than 10% to around 4% in the past two decades. In contrast, the United States’ M0/M2 ratio is around five times that of China’s.
Belt and Road potholes in Central and Eastern Europe ~ 6 Apr 2021
https://www.gfmag.com/magazine/april-2021/belt-road-central-eastern-europe
China's infrastructure diplomacy runs into headwinds in central and eastern Europe.


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Re: The other side of the coin
« Reply #279 on: April 12, 2021, 12:48:14 PM »
差了100万人?! 中共统计维族人口前后不一 ~ 4 Apr 2021
https://www.epochtimes.com/gb/21/4/3/n12856203.htm
  • 图为新疆重要年份分民族人口数表,第一栏为维族数据,2018年标示1167.86万人,与中共官员近日引用的1271.84万人,明显有100多万的差距。(新疆自治区统计局)


Chinese statistics reveal plummeting births in Xinjiang during crackdown on Uyghurs ~ 27 Mar 2021
https://www.voanews.com/east-asia-pacific/voa-news-china/chinese-statistics-reveal-plummeting-births-xinjiang-during
  • According to the China Statistical Yearbook 2020, compiled by the National Bureau of Statistics, the birthrate in Xinjiang last year was only 8.14 births per 1,000 people.
  • That is little more than half the figure for 2017, when the birthrate was 15.88 births per 1,000 people.
Xinjiang records sharp drop in birth rate amid growing focus on Uyghur genocide ~ 1 Mar 2021
https://www.newindianexpress.com/world/2021/mar/01/xinjiang-records-sharp-drop-in-birth-rate-amid-growing-focus-on-uyghur-genocide-2270577.html
  • Population growth rate in the Xinjiang shrank by two-thirds from 2017 to 2019, dropping from 11.40% to 6.13% in the first year, and to 3.69% in the second.
US declares China has committed genocide in its treatment of Uygurs in Xinjiang ~ 20 Jan 2021
https://www.youtube.com/watch?v=uiE41-cEFbo
  • US Secretary of State Mike Pompeo accused China of “genocide and crimes against humanity” for Beijing’s treatment of Uygur Muslims in the far-western region of Xinjiang. Pompeo issued the statement on January 19, 2021, his last full day as America’s top diplomat.
  • Antony Blinken, president-elect Joe Biden’s nominee to take over as next secretary of state, indicated later the same day that the Trump administration’s hardline stance toward Beijing appears set to continue once the new administration starts on January 20.

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Re: The other side of the coin
« Reply #280 on: April 13, 2021, 02:11:21 PM »
前驻英大使刘晓明任新职 点赞色情视频丑事挥之不去 ~ 12 Apr 2021
https://www.soundofhope.org/post/494189
年届65岁的中共前驻英大使刘晓明近日转任中国的朝鲜半岛事务特别代表。
刘晓明今年1月下旬已证实自己将离任,随后有关其在推特上点赞色情视频的丑事一直被网友盯住不放。

劉曉明:新疆沒有所謂的集中營- BBC News 中文 ~ 21 Jul 2020
https://www.youtube.com/watch?v=NnbsUUU_zU4
中國駐英國大使劉曉明在BBC《安德魯·馬爾秀》(Andrew Marr Show)節目中表示,在中國,維族人與其他民族一樣,在法律下享受同等待遇。



Leaked video shows hundreds of blindfolded and bound men in Xinjiang ~ 8 Oct 2019
https://www.youtube.com/watch?v=YPdiQy2mkgM
A drone video appearing to show hundreds of blindfolded men being led from a train in China has raised new concerns over the ongoing crackdown on Muslim Uyghurs in the far western region of Xinjiang.

新疆 : 新讲 Xinjiang : A New Explanation ~ 18 Sep 2019
https://www.youtube.com/watch?v=gGYoeJ5U7cQ
无人机新疆拍摄画面 数百囚犯遭蒙眼押送引关注。


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Re: The other side of the coin
« Reply #281 on: April 15, 2021, 03:37:38 PM »
为什么华为必须死?华为越强大中国人越悲惨;中美贸易战、科技战的本质 ~ 6 Jul 2019
https://www.youtube.com/watch?v=Q10LKJi-uG4
The West bet that China would head towards democracy and the market economy. The gamble has failed.

中共国企军师臧其超:中国40年发展全靠「抄襲」 ~ 31 Mar 2021
https://www.youtube.com/watch?v=VBBCdGrAhjA
“我们是野蛮抄袭,野蛮复制,什么知识财产权,什么专利技术,搞了再说。可是突然间一回头,发现两件事情出现,第一,美国发现了,不让再抄了。第二,我们自己也发现了,咱已经抄到第一排了。”

中共專家自認野蠻抄襲進世界第一排 ~ 28 Mar 2021
https://www.youtube.com/watch?v=V68Y0VB4JSo
CCP Expert: We copy barbarically into the world's first row.

一個很多中國人不知道的真相:華為及其5G的崛起,並非靠自己的科研與創新,而是靠竊取一家加拿大有百年歷史的世界頂尖電信巨頭北電的技術 ~  8 Sep 2020
https://www.youtube.com/watch?v=LlwZhAGKlvs


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Re: The other side of the coin
« Reply #282 on: April 19, 2021, 10:36:42 AM »
「百姓故事」大陸企業家揭露中共政府的騙局和虛假數字:中共官員必須要足夠流氓!企業被迫在政府的腐敗中生存 ~ 17 Apr 2021
https://www.youtube.com/watch?v=FOF3Owl2tig

如果能有來生,絕不再做中國人,因為我們不再被當作人! ~ 13 Apr 2021
https://www.youtube.com/watch?v=PZ9ElpNWqig
如果能有來生,絕不再做中國人。因为这片土地上,我们已不再是人。多么痛苦而绝望的话语,生为中国人不再有一丝自豪光荣感……

From 'perfect Chinese daughter' to Communist Party critic, why Vicky Xu is exposing China to scrutiny ~ 10 Mar 2021
https://www.abc.net.au/news/2020-03-09/vicky-xu-exposing-chinas-human-rights-abuses/11954794
Vicky Xu: "If something happens to me you know I've been murdered."



直言中國是個「充斥謊言的地方」惹毛中共 金球獎導演趙婷《浪跡天地》傳大陸撤檔 ~ 9 Mar 2021
https://www.rfa.org/cantonese/news/zhao-03092021023225.html
趙婷:「在我中國成長的年代,那裡是個充斥謊言的地方」。(It goes back to when I was a teenager in China, being in a place where there are lies everywhere.)


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Re: The other side of the coin
« Reply #283 on: April 20, 2021, 12:06:25 PM »
Crypto futures saw record $10b worth of liquidations on Sunday ~ 18 Apr 2021
https://www.coindesk.com/crypto-futures-saw-record-10b-worth-of-liquidations-on-sunday
Record futures liquidations show leverage was excessively skewed bullish.

China’s Xinjiang blackout and Bitcoin hashrate correction caused BTC price crash ~ 18 Apr 2021
https://coinmarketcap.com/headlines/news/chinas-xinjiang-blackout-and-bitcoin-hashrate-correction-caused-btc-price-crash/
It’s no less than a major bloodbath in the crypto market as the Bitcoin (BTC) price is down 8.5% tanking below $57,000 levels. At press time, BTC is trading at a price of $$56,971 with a market cap of $1.089 trillion. This solid price crash resulted in nearly $10 billion in Bitcoin liquidations in an hour’s time.

How accidents in Chinese coal mines are affecting bitcoin mining ~ 18 Apr 2021
https://www.coindesk.com/chinese-coal-mines-accidents-affecting-bitcoin-mining
The Bitcoin hashrate is down 40% today, as a result of the Xinjiang blackout. The explosions took nearly a quarter of Bitcoin's hashrate offline, but the network is operating normally and these miners could be back online in as soon as a week.


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Re: The other side of the coin
« Reply #284 on: April 21, 2021, 12:45:13 PM »
How China is leveraging foreign technology to dominate the South China SEA ~ 19 Apr 2021
https://www.rfa.org/english/news/special/china-foreign-tech-scs/
  • Chinese government procurement contracts reveal that Sansha City — which administers China’s outposts in the Paracel and Spratly islands — has acquired or plans to acquire hardware, equipment, software, and materials from at least 25 different companies based in the U.S. and other countries.
  • These items have applications in maritime law enforcement, information security, land and sea surveillance, and other areas.
  • In total, 10 Chinese party-state entities associated with Sansha City have acquired or currently plan to acquire up to 66 items worth over ¥6,540,000 (US$930,000) for use in the South China Sea, according to 13 government contracts and other associated documents.
  • All of these contracts were signed between late 2016 and early 2021, with the majority of items coming from contracts inked in 2020.


The cost of foreign technology acquired by Sansha City broken down by country and year. Not every contract provided cost data for every item; "reported cost" refers to items that did indeed have a specific yuan value.



Secrecy and abuse claims haunt China’s solar factories in Xinjiang ~ 13 Apr 2021
https://www.bloomberg.com/graphics/2021-xinjiang-solar/
  • In the wilderness of the Gobi Desert sit two factories that churn out vast quantities of polysilicon, the raw material in billions of solar panels all over the world.
  • It’s a four-hour drive from Urumqi, the capital of the Xinjiang region at the center of China’s crackdown on Uyghurs and other Muslim minorities.
  • The only structures that rise up among miles of rolling snow-covered fields are the chimneys of coal-fired power plants, belching white smoke.


The solar industry's Xinjiang problem ~ 13 Apr 2021
https://www.youtube.com/watch?v=uEVMTwx3sHo
  • The world’s solar power surge depends on polysilicon from factories in Xinjiang, the region at the center of China’s crackdown on Uyghurs and other Muslim minorities.
  • No one really knows what’s going on inside the facilities.

Offline zuolun

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Re: The other side of the coin
« Reply #285 on: April 21, 2021, 02:53:45 PM »
“You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time.” ― Abraham Lincoln

习近平对新疆下死手,两名维吾尔族高官死缓 ~ 8 Apr 2021
https://www.youtube.com/watch?v=Uwf56iEqPIk

A survivor's story of China's crackdown on ethnic minorities in Xinjiang (podcast) ~ 6 Apr 2021
https://www.npr.org/2021/04/06/984829966/a-survivors-story-of-chinas-crackdown-on-ethnic-minorities-in-xinjiang

吾尔开希:中国打压新疆维吾尔族异见声音 “天安门”精神已被消灭? ~ 25 Aug 2020
https://www.bbc.com/zhongwen/simp/chinese-news-53891043
https://www.youtube.com/watch?v=yjwArV6OKHI
中國竭力監控和塑造其人民的生活,最極端的例子在新疆,那裡是超過1000萬穆斯林維吾爾人的家園;但透過極權控制來達至穩定的方針見諸全國。

吾尔开希: 当时学生走上街头,是为了要求政府贯彻承诺 ~ 2 Jun 2019
https://www.youtube.com/watch?v=iyA4bhEqQMs
"八十年代是中国非常精彩的十年,中国走向改革开放,也是共产党的口号。
但是这个改革开放,只是共产党只愿意很被动地做经济改革。
为了得到人民的支持,向中国老百姓做了大量的承诺,会让中国走向更开放。
当时的学生走上街头,就是为了要求政府贯彻自己的承诺。


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Re: The other side of the coin
« Reply #286 on: April 25, 2021, 05:12:56 PM »
China’s soft power has ‘collapsed globally’ due to ‘anger and hysteria’ ~ 22 Apr 2021
https://www.youtube.com/watch?v=fVQhJ_zbhL0

方舟子时评:从温家宝文章被禁想到的——影帝好过皇帝 ~ 22 Apr 2021
https://www.youtube.com/watch?v=kz89vgUuWjQ
中国前任总理温家宝在《澳门导报》发表了一篇怀念其母亲的文章,传到内地后被禁。

中国前总理温家宝撰文忆母谈公平正义 遭禁止转发 ~ 19 Apr 2021
https://www.bbc.com/zhongwen/simp/chinese-news-56800702
温家宝:“我心目中的中国应该是一个充满公平正义的国家,那里永远有对人心、人道和人的本质的尊重,永远有青春、自由、奋斗的气质。”



事到如今,才真正看懂了李子柒的视频 ~ 19 Feb 2020
https://www.ellechina.com/celeb/gossip/a30991715/liziqi-20220219/
“看李子柒的视频,才发现她镜头里带出的“真”与“美”才是生活本来应该有的样子。”



China's super secret weapon ~ 6 Feb 2021
https://www.youtube.com/watch?v=ITEJDcFVkew
China's unstoppable and most effective weapon against the Western World...

Traitors working for Communist Chinese Government? ~ 17 Jan 2021
https://www.youtube.com/watch?v=a-kjSIqcGuA

China’s 50-cent army fabricates 450 million fake posts a year to spread lies and hatred ~ 11 Jan 2021
https://epochtimes.today/chinas-50-cent-army-its-450-million-fake-posts-and-the-life-and-death-of-the-ccp/

Leaked docs expose China’s secret internet troll ops amid CCP virus pandemic ~ 12 Apr 2020
https://www.youtube.com/watch?v=WZCnLveJ-Ko

Chinese internet trolls get paid 50 cents for every comment ~ 28 Sep 2018
https://www.youtube.com/watch?v=yCnnPf2OnHo

China's professional trolls, the 50 Cent Brigade! ~ 15 Oct 2013
https://www.youtube.com/watch?v=SFdr4gWsGog
  • China's 50 Cent Brigade, sometimes called the 50 Cent Party, are essential professional trolls.
  • It's their job to trawl through websites, both inside and outside of China, and monitor what the public is saying about the regime and draw the conversation away from anything critical of China by instead criticizing the United States, Western involvement in international affairs, or by pointing out the flaws of democracy.
  • And since China employs 2 million of Internet monitors, more than the 1.5 million the People's Liberation Army, this is clearly a new form of cyber warfare.
  • The weapons are hacking or virus, but a careful and systematic propaganda push. And Snoopybabe.

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Re: The other side of the coin
« Reply #287 on: April 26, 2021, 05:10:33 PM »
Scientists inject human cells into Monkey's embryo ~ 21 Apr 2021
https://www.youtube.com/watch?v=MzTwyzAeIxM
U.S. Scientists recently tried creating the world's first Human-Monkey Chimera.
They injected Human cells into the embryo of a monkey.
What is wrong with people?

Scientists have created human-monkey embryos, and that's ethically ok ~ 15 Apr 2021
https://reason.com/2021/04/15/scientists-have-created-human-monkey-embryos-and-thats-ethically-ok/
Scientists have created the world's first monkey embryos containing human cells in an attempt to investigate how the two types of cell develop alongside each other. The embryos, which were derived from a macaque and then injected with human stem cells in the lab, were allowed to grow for 20 days before being destroyed.


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Re: The other side of the coin
« Reply #288 on: April 28, 2021, 12:21:36 PM »
Bill Gates says no to sharing vaccine formulas to developing world ~ 28 Apr 2021
https://www.youtube.com/watch?v=tropM4cajFw
The total net worth of the nation’s 651 billionaires rose from $2.95 trillion on March 18 to $4.01 trillion on Dec. 7, a leap of 36%, based on Forbes billionaires.



唐靖遠:英媒踢爆中共國家級計劃:石正麗合作軍方!中共軍方生物戰要員浮出;黨媒亮刀 ~ 27 Apr 2021
https://www.youtube.com/watch?v=1eQn-AEc3YM

新聞大家談:英媒揭武漢病毒所新線索,4關鍵人物曾涉「暗黑」研究;大破解 美軍德特里克堡「洩漏傳毒」?譚德賽要查實驗室 中共外交部翻臉 ~ 26 Apr 2021
https://www.youtube.com/watch?v=dfymHcfxjaU

Worrying new clues about the origins of Covid: How scientists at Wuhan lab helped Chinese army in secret project to find animal viruses ~ 25 Apr 2021
https://www.dailymail.co.uk/news/article-9507749/How-scientists-Wuhan-lab-helped-Chinese-army-secret-project-animal-viruses.html
  • Scientists at Wuhan lab were on massive project investigating animal viruses.
  • Documents obtained by The Mail on Sunday have revealed a nationwide scheme.
  • It was being directed by leading state body, which was launched nine years ago.
  • Its aim was to find new viruses and detect 'dark matter' of biology involved in spreading disease - alongside military officials, despite denials of any such links.
Colonel Cao Wuchun, a WIV adviser



Major General Chen Wei, China's top biodefence expert



Was COVID-19 made inside a Chinese lab? ~ 14 Apr 2021
https://www.youtube.com/watch?v=zgTeNFIY-b0
Under investigation: China and the virus (2021)

On the anniversary of the pandemic, considering the bioweapon hypothesis ~ 11 Mar 2021
https://dnascience.plos.org/2021/03/11/on-the-anniversary-of-the-pandemic-considering-the-bioweapon-hypothesis/

Made in China ~ 11 Oct 2020
https://www.theweek.in/theweek/cover/2020/10/01/made-in-china.html
Li-Meng Yan: "Everyone deserves to know the truth."

SARS-CoV-2 is an unrestricted bioweapon: A truth revealed through uncovering a large-scale, organized scientific fraud ~ 8 Oct 2020
https://zenodo.org/record/4073131



Sources believe coronavirus outbreak originated in Wuhan lab as part of China's efforts to compete with US ~ 15 Apr 2020
https://www.foxnews.com/politics/coronavirus-wuhan-lab-china-compete-us-sources

习近平:“中国可以平视世界了!”


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Re: The other side of the coin
« Reply #289 on: April 29, 2021, 11:00:14 AM »
Beijing urges WHO leader not to pursue 'lab leak' theory ~ 22 Apr 2021
https://www.voanews.com/covid-19-pandemic/beijing-urges-who-leader-not-pursue-lab-leak-theory
Tedros Adhanom Ghebreyesus, the Ethiopian-born director-general of the WHO also addressed a theory that the virus could have escaped from a virology laboratory just kilometers from the Huanan market, where similar viruses are being studied.

“五毛”已经out 中国现靠两千多万 (20 million) 的“网络志愿者” (podcast) ~ 14 Apr 2021
https://www.rfa.org/mandarin/yataibaodao/meiti/hc-04142021111449.html



中国打击私下追查新冠病毒来源的行动 ~ 21 Jan 2021
https://ipdefenseforum.com/zh-hans/2021/01/%E4%B8%AD%E5%9B%BD%E6%89%93%E5%87%BB%E7%A7%81%E4%B8%8B%E8%BF%BD%E6%9F%A5%E6%96%B0%E5%86%A0%E7%97%85%E6%AF%92%E6%9D%A5%E6%BA%90%E7%9A%84%E8%A1%8C%E5%8A%A8/
  • 在中国南部郁郁葱葱的山谷深处,有一个矿井的入口,那里曾经藏有携带与新冠病毒最接近的已知近亲的蝙蝠。
  • 这个地区具有重要的科学意义,因为它可能掌握着造成全球180多万人丧生的冠状病毒起源的线索。
  • 然而,对科学家和记者来说,由于政治敏感性和保密性,它已经成为一个没有任何信息的黑洞。

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Re: The other side of the coin
« Reply #290 on: May 01, 2021, 12:56:19 PM »
1 in 4 Singaporeans marrying non-residents, increasing proportion involves non-resident men

22 Apr 2021

About one in four citizen marriages in Singapore involves a non-resident spouse, according to data released by the Ministry of Social and Family Development (MSF) on Thursday (Apr 22).

This ratio has been “relatively constant” for the past 20 years, said an MSF spokesman in response to CNA queries. “However, the composition is evolving.”

The proportion of non-resident grooms increased to 28 per cent in 2019, from 21 per cent in 2000. More than three quarters, or 78 per cent in 2019, have post-secondary qualifications and above, the data showed.



According to the data, the median age of non-resident brides is increasing, and the proportion of younger non-resident brides is decreasing, the MSF spokesman noted.

The proportion of non-resident brides with post-secondary qualifications and above also increased sharply from 36 per cent in 2000 to 66 per cent in 2019, the data showed.

Non-residents here refer to people who are not Singaporeans or permanent residents.

“The changing profile could be due to our increasing cosmopolitan society where there are more foreigners who come here to study and work, and the rising prevalence of global work and travel,” said the MSF spokesman.

“This increases the likelihood of marriages to better-educated foreign spouses. It is likely to also reflect an increasing social and cultural openness of Singaporeans to marry foreign spouses.”

The data also indicates that the lifestyles of Singapore citizen-non resident couples “are not different from other Singaporean couples”, said the spokesman.

The median ages at first marriage of both non-resident brides and grooms also increased, at 29 and 31.3 years old respectively in 2019, up from 26.1 and 30.6 in 2000, the data showed.

This is “comparable” to the overall median ages of brides and grooms at first marriage, 28.8 and 30.4 respectively, the spokesman added.

“The fact that we have 25 per cent of Singaporeans willing to marry somebody who's not just outside of their race, but outside of their nationality tells us that we have raised our children well. They’re certainly not xenophobic, and they are certainly able to look beyond race and nationality,” said Professor of Sociology at the Singapore Management University Paulin Tay Straughan.



In the 1990s, there were many Singaporean men who were less educated who had difficulties finding a partner, and they looked outside of Singapore for women who were “willing to come” and take on traditional daughter-in-law roles, she added.

Singapore has moved away from that, said Prof Straughan, noting the increasing proportion of non-resident grooms and thus the decreasing proportion of non-resident brides in Singapore Citizen-Non Resident marriages.

“And now, what you see is really just a normal trend of young adults seeking out a soulmate,” she added.

Noting that the average ages at first marriage for non-residents are “not unlike” similar statistics among Singaporean citizens, Prof Straughan said the “inching up of age” is a “reflection of modern marriages”.

“Young adults, they take a longer time getting settled, after getting educated, training, and then seeing returns to their career investments. And then finally, when they are usually … for the women, close to 30 now, then they will finally find somebody whom they feel they can settle down and have a nice life partner with,” she added.

“So these trends are not different, whether it is intercultural marriages, or local marriages. It tells us that in a way it harmonises right, this is a reflection of marriage in modern society.”



While these couples may have different nationalities, there are also “strong harmonising factors”, said Prof Straughan.

Education level as a "harmonising" factor

Education is one “very important” harmonising factor, and both individuals in a transnational marriage are likely to have the same levels of education, she added.

“You see that particularly for Singaporean women and foreign husbands. Those who are more educated, they are overrepresented in this group.”

For a marriage to be a sustainable union, there has to be “one common bond”, and the couple must bond on something that is important to both of them, said Prof Straughan.

“Very common for intercultural marriages will be education, because education harmonises our attitudes, our aspirations.”

For Ms Mavis Tan, 42, marrying her husband Mr Graham Edwards in 2010, meant quitting her job and moving to the Philippines with him just months after getting married.

The two met at work in 2010, but Mr Edwards, a British national who is an Australian resident, had a new job opportunity in the Philippines. The company Ms Tan was working for at the time did not have a branch office there and could not offer a transfer.

Mr Edwards, now 52, first moved to Singapore in 1999, and has worked in the Southeast Asian region since. He became a Singapore permanent resident at the start of 2020.

“When I first started dating Graham, my parents were a bit shocked at first because they're quite traditional. I actually brought my mom and my grandmother out on our second date to get their approval. Surprisingly they were very supportive. So my initial concern of whether they could accept this kind of marriage or this kind of relationship was quite unfounded,” Ms Tan told CNA.

“Mavis’ parents and grandmother were very welcoming and open, I found. I didn’t really encounter any sort of suspicion or negativity. That made it very welcoming,” said Mr Edwards.

“At that time I'd been living in Singapore for quite a while, so I was well-immersed in the culture and the way of life here. So like a lot of couples, we met at work.”

The couple, who have a son and daughter aged 8 and 7 respectively, decided to move back to Singapore after six-and-a-half years in the Philippines, so their children could go to school here.

“The reason we came back from the Philippines actually was because of the family. The kids were getting a bit older, and we wanted to put them into the school system here, and also had them spend more time with their grandparents,” said Mr Edwards.

“That definitely affected (our decision), when we came back we made that decision that we were going to put down roots in Singapore. And that then led, in turn, to my application for PR.”

While they are “comfortable” with living in Singapore for now, the couple is not ruling out moving overseas in the future.

“The school systems are really good here but they are quite stressful on the children as well, so I think we will play that one by ear, but obviously we always have the option of moving to Australia through my nationality,” said Mr Edwards.

"An open society"

Couples where the non-resident spouse already has a work pass or visa to stay in Singapore because of their job may face fewer difficulties than non-resident spouses who may be originally living overseas, said Prof Straughan.

Having better employment opportunities, or converting their visas to a “more privileged” one because they have a Singaporean spouse, would make them “feel very welcome”, and they would not even think about having to move away if the relationship fails, she added.

“As Singaporeans when we stay in Singapore, and our founders are Singaporean, we don't think of things like this because for both of us, this is home. So when we fight, we fight, and that’s it. Even if you divorce, we are still Singaporean,” said Prof Straughan.

“It’s a bit different when you’re not Singaporean, because you also want to make sure that we make it easier for the foreign spouses to come here and to invest their careers and their lives here. Don't make them feel like a guest all the time, dependent on their Singaporean spouse.”

With more transnational marriages here, there is a worry that Singaporeans could “lose our sons and daughters” who choose to live in their non-resident spouse’s home country or elsewhere, said Prof Straughan.

“That's something that we are mindful of. And therefore, I think we have to pay a lot more attention to our creed of being an open society.”

Singaporeans should be “more acutely aware” that there may be foreign spouses in neighbourhoods and in young families, she added.

“And therefore, I think, not assume that everybody is just Singaporean and therefore don't need to pay too much attention to cultural induction and cultural sensitivities and so forth.”

Transnational marriages will also result in bicultural children, she added.

“These children … We have to make sure that they would feel welcome and that they can see themselves and their history in our Singapore narrative. And that they would be welcome to paint their narrative,” said Prof Straughan.

“Otherwise, your bicultural children will feel like ‘I don’t belong here’, and then therefore they will look elsewhere to invest their lives in because they find that they can’t call this home.

“How we treat their parents, and how we treat them will be very important moving forward.”

More overseas citizens returning, fewer marriages: 5 things from Singapore's 2020 population report

24 Sep 2020

Data released by the National Population and Talent Division on Thursday (24 Sep 2020) showed that Singapore’s population declined by 0.3 per cent in the past year.

As of June 2020, Singapore's population was 5.69 million, compared to the 5.7 million in the same month last year, the division's annual population report showed.

Citizen population grew by 0.6 per cent to 3.52 million, with permanent residents remaining stable at 0.52 million.

The decline in overall population was "largely due" to the decrease in the number of foreigners.

Here are five things you should know about Singapore’s population statistics in the past year:

More overseas Singaporeans returned home

There were 203,500 overseas Singaporeans – those who have a registered foreign address or who are away for a cumulative period of more than six months in the past year – in 2020.

This is fewer than the 217,200 in the year before, with decreases in the number of overseas Singaporeans per 100 citizens across all age groups.

Many of them returned to Singapore amid the COVID-19 pandemic, with a larger decrease observed for those aged between 20 and 24 years.

According to the data, the overall number of overseas Singaporeans per 100 citizens increased gradually from 5.7 in 2010 to 6.2 in 2019, then dropped again to 5.8 in 2020.

The biggest increase from 2010 to 2019 was seen in those aged 0 to 19 and 20 to 24, with the rate increasing from 4.3 to 5.3 and 6.8 to 8.5 respectively.

The growth in the number of overseas Singaporeans was also noted to be slower over the past five years, as compared to the previous five-year period.





Number of non-residents fell

Less foreign employment in services between June 2019 and June 2020 contributed to a decrease of 2.1 per cent in Singapore’s non-resident population, which now stands at 1.64 million.

Work permit holders saw the largest decrease.

"These trends were largely due to challenges brought about by the COVID-19 pandemic, caused by weak demand and travel restrictions," the report said.



The decrease in the non-resident population also contributed to the decrease in Singapore’s total population.

Ageing population continues to grow

The proportion of Singaporeans aged 65 and above is rising and at a faster pace compared to 10 years before, as life expectancy continues to increase and fertility rates remain low.

More “baby boomers” - those born from 1950 to 1964 - are entering the post-65 age range as well.

In 2020, the number of citizens aged 80 and above rose to about 120,000 from 112,000 in 2019.

In 2010, there were about 67,000 Singaporeans aged 80 and above.

The number of citizens in the 20 to 64 age band also fell to 62.6 per cent in 2020, from 64.8 per cent in 2010. This is projected to fall to 56.1 per cent by 2030, said the report.

The median age of the citizen population rose from 42 years to 42.2 years between 2019 and 2020.

More Singaporeans born last year

There were 32,844 citizens born in 2019, slightly more than the 32,413 born in 2018.

Over the last five years (2015 to 2019), about 32,900 citizens were born on average each year, higher than the average 31,700 average in the previous five years (2010 to 2014).

Singapore’s fertility rate remained below replacement rate at 1.14 in 2019, unchanged from the previous year.

"This is partly due to a delay in marriages and subsequently childbearing," said the report.

In 2019, the median age for first-time mothers was 30.6, a slight increase from 30.4 in 2018.

Fewer marriages

There were 22,165 citizen marriages in 2019, fewer than the 23,632 in 2018.

However, the yearly average over the last five years (2015 to 2019) rose to 23,600 from 22,400 in the five years before (2010 to 2014).

The median age at first marriage for Singaporean grooms in 2019 was 30.1 years, the same as 2014, but the median age for first marriage for Singaporean brides in 2019 was 28.4 years compared to the 27.9 years in 2014.

Slightly more than one in three citizen marriages in 2019 involved transnational couples, while one in five were inter-ethnic.

Editor's note: A previous version of this story reported that the biggest increase in the number of overseas Singaporeans per 100 citizens from 2010 to 2019 was those aged 20 to 24, from 6.5 to 8.5. This has been corrected to 6.8 to 8.5.

Offline zuolun

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Re: The other side of the coin
« Reply #291 on: May 04, 2021, 09:25:19 AM »
China celebrates India's suffering ~ 4 Apr 2021
https://www.youtube.com/watch?v=KlXuz5QpJfI
Who celebrates the sight of burning pyres? China.
The Chinese Communist Party mocks Indian COVID-19 victims, showing Chinese rocket next to Indian funeral pyre.
The image was reportedly posted by the Communist Party's Central Political and Legal Affairs Commission, China's official law enforcement agency, which has millions of followers on Weibo.



Xi sends condolences to Modi, offers help to India over COVID-19 crisis ~ 30 Apr 2021
https://www.globaltimes.cn/page/202104/1222528.shtml
Chinese President Xi Jinping on Friday (Apr 30) sends a message of condolences to Indian PM Narendra Modi over India's worsening COVID-19 crisis.



Xi Jinping said China is willing to enhance cooperation with India in the fight against COVID-19 and provide help to the country.


Offline zuolun

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Re: The other side of the coin
« Reply #292 on: May 05, 2021, 09:16:52 AM »
Singapore tightens COVID-19 safety measures; similar to Phase 2 but 'not a circuit breaker' ~ 4 May 2021
https://www.youtube.com/watch?v=H7CYHwWqw_4

4 planes coming to Singapore from India on 5 May 2021:

IX688 Chennai (Aircraft B738)
https://flightaware.com/live/flight/AXB688



SEJ7373 Chennai SpiceJet (Aircradt B737)
https://flightaware.com/live/flight/SEJ7373



IX682 Tiruchirappalli (Aircraft B738)
https://flightaware.com/live/flight/AXB682



AI346 Bengaluru via Chennai (Aircraft A321)
https://flightaware.com/live/flight/AIC346




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Re: The other side of the coin
« Reply #293 on: May 06, 2021, 12:03:50 PM »
Malaysia’s Covid-19 new daily cases jump to 3,744, total at 424,376, death toll at 1,591 ~ 5 May 2021
https://www.theedgemarkets.com/article/malaysias-new-covid19-infections-jump-3744-selangor-accounting-1548-cases



Malaysia reports first case of Indian Covid-19 variant ~ 2 May 2021
https://www.straitstimes.com/asia/se-asia/malaysia-reports-first-case-of-indian-covid-19-variant
The B1617 variant was detected in an Indian national screened at the Kuala Lumpur International Airport.

AstraZeneca vaccines have arrived in Malaysia but is it safe? ~ 29 Apr 2021
https://www.youtube.com/watch?v=HXQ1_uH7itg
AstraZeneca vaccines are open for online booking on 2nd May 2021 at 12pm.
The appointment is available from 5th May until 6th June 2021 at 4 locations in KL and Selangor.

Astrazeneca vaccine: safe or not safe? ~ 9 Apr 2021
https://www.youtube.com/watch?v=mWhoCltkyvU
European regulators say the vaccine can, in rare cases, cause blood clots.
The UK is to offer alternative jabs to young people, who appear to be more at risk.
There have been fewer than 80 cases reported in the UK despite more than 20 million doses being given out.



Malaysia, China get ready for post-Covid-19 cooperation ~ 2 Apr 2021
https://www.theedgemarkets.com/article/malaysia-china-agree-mutual-recognition-vaccine-certificates



China's vaccine diplomacy ~ 27 Mar 2021
https://www.youtube.com/watch?v=3CuPqeIJr3U


Offline zuolun

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Re: The other side of the coin
« Reply #294 on: May 06, 2021, 03:28:48 PM »
China’s out-of-control rocket set to re-enter earth’s atmosphere, can crash anytime, anywhere ~ 6 May 2021
https://www.youtube.com/watch?v=BJSfU7h8FqQ
The Long March 5B rocket, which carried a Chinese space station module, has dropped into low Earth orbit and now risks crashing back down.
It is one of the largest ever launches to make an uncontrolled re-entry to earth.
It is not yet clear exactly where or when the debris will hit our planet.
US Space Command is tracking the rocket's trajectory amid concerns about where its debris may make an impact.

China's Long March - 5B rocket likely to fall uncontrollably and 'may hit you' ~ 4 May 2021
https://www.youtube.com/watch?v=pX4LOp6wP_Y
China launched the core module of its upcoming Tianhe space station earlier this week.
The module reached the low earth orbit after being transported by the Chinese Long March - 5B rocket.
But after making the drop-off the rocket is now likely to hurl back into the earth's atmosphere, making an uncontrollable descent.

管殺不管埋?中共長征火箭失控將墜毀!不知誰會被砸到?今深夜通過台灣 ~ 4 May 2021
https://www.youtube.com/watch?v=nPG2sgYssII
又是射後不理?21噸中國長征火箭不受控墜落。
居民小心!長征火箭掉在哪裡…也是中國式機密。
中國文昌航天發射場揭密!為何設在海南島?。 
用火箭挑釁!中國曾射長征…標註飛過台灣島上空。

中国雄心勃勃的太空计划 长征5B发射天和核心舱 ~ 30 Apr 2021
https://www.youtube.com/watch?v=IEGSLNwR80E
按计划如果老化的国际空间站在未来几年停止运行,那么中国将是唯一一个在太空中永久性运营空间站的国家。
以前由于美国的担忧,中国没有被邀请参加国际空间站。


Offline zuolun

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Re: The other side of the coin
« Reply #295 on: May 08, 2021, 03:27:05 PM »
China 'indefinitely' suspends key economic dialogue with Australia ~ 7 May 2021
https://www.bbc.com/news/business-57004797



Australia probe of China port signals trouble for Beijing ~ 3 May 2021
https://ajot.com/news/australia-probe-of-china-port-signals-trouble-for-beijing
  • “There has been pressure on Australia to revoke that deal because it's seen to clash with U.S. interests.”


Why is China punishing Australia? The human impact of the trade war ~ 26 Apr 2021
https://www.youtube.com/watch?v=SShvYq5gQ2U
  • Over the last twelve months, China has launched a wave of trade sanctions against Australia. Industry after industry has been hit with a range of punishing measures, from massive new taxes to import restrictions.
  • As a result, many Australian products have effectively been banned from entering China, leaving the businesses that rely on this trade in peril. But why is China punishing Australia and who is at risk?
研究指中國對澳洲貿易制裁影響有限 出口商多已找到替代市場 ~ 23 Apr 2021
https://www.hk01.com/%E5%8D%B3%E6%99%82%E4%B8%AD%E5%9C%8B/609991/%E7%A0%94%E7%A9%B6%E6%8C%87%E4%B8%AD%E5%9C%8B%E5%B0%8D%E6%BE%B3%E6%B4%B2%E8%B2%BF%E6%98%93%E5%88%B6%E8%A3%81%E5%BD%B1%E9%9F%BF%E6%9C%89%E9%99%90-%E5%87%BA%E5%8F%A3%E5%95%86%E5%A4%9A%E5%B7%B2%E6%89%BE%E5%88%B0%E6%9B%BF%E4%BB%A3%E5%B8%82%E5%A0%B4
  • 除了葡萄酒和牛肉外,大部份出口商似乎皆找到中國以外的其他替代市場。
  • 但拉賈表示,就大麥、銅、棉花、海鮮和木材而言,其在去年底中國加大制裁力度後,於其他市場的銷售急劇上升,這一明顯轉變顯示這大致上是貿易轉移的結果。
  • 但他也強調,澳洲葡萄酒業仍在努力彌補中國高端市場的損失,至於整體牛肉出口減少的問題,他認為更多是反映供應一方多年來的乾旱問題。


How reliant is Australia on China? ~ 17 Jun 2020
https://www.bbc.com/news/world-australia-52915879
  • Canberra's push for answers on the pandemic's origins has angered Beijing. Canberra has raised concerns about human rights in Xinjiang and Hong Kong, banned Chinese firm Huawei from building Australia's 5G network, and debated allegations of Beijing interfering in domestic affairs.
  • This friction isn't unique to Australia. Canada, Japan and South Korea - among others - have seen economic pushback from China, allegedly for political reasons. But Australia's economic dependence on China is greater than many nations.
  • For the past decade, China has been Australia's largest trading partner and now accounts for 32.6% of its exports.


从牛肉禁令到留学旅游警示 中澳关系步入历史低谷 ~ 15 Jun 2020
https://www.bbc.com/zhongwen/simp/world-53022635
  • 中国和澳大利亚关系持续恶化。中国继对澳大利亚大麦征税、禁止部分牛肉进口后,近日又连续发布旅游安全提醒和留学预警。
  • 澳大利亚政府此前曾呼吁针对新冠肺炎疫情的源头展开独立调查。有学者认为,中方的举措是针对澳大利亚提议的“惩罚”,中澳关系进入1972年建交以来最低点。

Offline zuolun

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Re: The other side of the coin
« Reply #296 on: May 13, 2021, 01:08:16 PM »
中共承认新冠死亡500万?川普说偷走的东西必须归还!~ 12 May 2021
https://www.youtube.com/watch?v=3TbMjAobTQw
中共2020年人口普查數據一公佈遭到了廣泛的質疑 突然間多死了500萬人。

病毒武器化?中共軍方已有製造多種病毒的路線圖?第三次世界大戰將是生化戰嗎? ~ 12 May 2021
https://www.youtube.com/watch?v=Cv9ZUIxsWqs

COVID 'good material for non-traditional bioweapon' to ruin economies: Chinese virologist, Dr Li-Meng Yan ~ 10 May 2021
https://www.youtube.com/watch?v=Jk2HM1PYkro

Dr Li-Meng Yan: "Everyone deserves to know the truth."



中共軍方文件揭示,病毒是中共軍方生物武器。習近平部署?美國軍方秘密報告,病毒來自實驗室 ~ 9 May 2021
https://www.youtube.com/watch?v=nQL9Q1vVIPc
巴西總統:病毒來自實驗室,中共利用新冠病毒打一場生物戰。

病毒生武战主编少将徐德忠上了澳报头版 ~ 7 May 2021
https://blog.creaders.net/u/8994/202105/404031.html
Beijing's military scientists warned of biological weapons deployed in world war.


Offline zuolun

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Re: The other side of the coin
« Reply #297 on: May 18, 2021, 11:49:10 AM »
How Archegos lost US$20 billion in 2 days and the lessons learnt ~ 6 May 2021
https://www.youtube.com/watch?v=6Oo21Qv6Ea0
Before he lost it all, Bill Hwang was the greatest trader you’ve never heard of.

Archegos and Ponzi Finance

By Doug Noland
Apr. 05, 2021
  • Archegos provides yet another anecdote that the expansive global derivatives marketplace is at the epicenter of leverage and speculative excess.
  • From numerous reports, it appears Archegos had fund equity of around $10 billion. Positions have been estimated in the range of $50 billion to $100 billion, meaning a leverage ratio between 5 and 10 to one.
  • Why would Archegos employ such a risky strategy - basically reckless leveraging of volatile equities exposure? We can only assume the firm was emboldened by the hyper-loose policy and liquidity backdrop.
I've been a longtime enthusiast for Hyman Minsky's analysis. His work plays prominently in my analytical framework. Financial structures evolve over time, and there is an innate propensity for this evolution to regress into a cycle of ever-increasing excess, fragility and instability. Success in finance - by borrowers, lenders, speculators, investment bankers, investors, businesses, central bankers and the like - ensures only more exuberant risk embracement over the course of the cycle. Importantly, debt structures degenerate over time, as the boom is perpetuated by expanding quantities of debt of deteriorating quality.

Minsky's "financial instability hypothesis" models three categories of debt structures: Sound "hedge finance" - where "cash flows are expected to exceed the cash flow commitments on liabilities for every period." Less sound "speculative finance" - where cash flows, although inadequate to fully service debt in the short run, are generally sufficient over the longer term. And unsound "Ponzi finance" - "cash flows from assets in the near-term fall short of cash payment commitments" and only with some future "bonanza" will cash flows ever be sufficient to service debts and provide any realistic hope of generating profits.

Importantly, "a 'Ponzi' finance unit must expand its debt load to meet its financial obligations." New money and credit in abundance are a necessity for perpetuating the scheme. The greater the ratio of speculative and Ponzi finance, the greater the fragility of the financial sector to rising interest rates and/or other shocks. Ponzi financed assets, in particular, are highly sensitive to both changing perceptions and higher interest rates. Traditionally, higher rates are problematic as debt service costs rise at the same time the present value of future cash flows drops. Quoting Minsky, "The rise in long term interest rates and the decline in expected profits play particular havoc with Ponzi units, for the present value of the hoped for future bonanza falls sharply."

Minsky: "It can be shown that if hedge financing dominates, then the economy may well be an equilibrium seeking and containing system. In contrast, the greater the weight of speculative and Ponzi finance, the greater the likelihood that the economy is a deviation amplifying system… Over a protracted period of good times, capitalist economies tend to move from a financial structure dominated by hedge finance units to a structure in which there is large weight to units engaged in speculative and Ponzi finance."

Minsky witnessed a lot, but he surely never imagined an environment of zero rates and endless Trillions of Fed monetization, and how such a backdrop - the perpetual "bonanza" - would extend the "deviation amplifying" Ponzi phase. The Archegos fiasco had me this week sharpening my focus on Minskian analysis. The facts are not altogether clear. But from numerous reports, it appears Archegos had fund equity of around $10 billion. Positions have been estimated in the range of $50 billion to $100 billion, meaning a leverage ratio between 5 and 10 to one.

After an insider trading settlement back in 2012, the hedge fund was converted to a so-called "family office" that enjoys much less onerous reporting requirements. Archegos maintained highly concentrated positions, with upwards of a $10 billion (equal to fund equity!) position in Viacom (VIAC). And with a second huge position in Discovery (DISCA), Archegos was willing to accept the risk of having media exposure significantly in excess of fund equity. Furthermore, Archegos held substantial exposures to volatile Chinese Internet stocks (including Baidu (BIDU) and Tencent (TCEHY)).

Bill Hwang, the founder of Archegos, has operated in the markets since the nineties. Hwang was a protégé of hedge-fund legend Julian Robertson at Tiger Asset Management, before founding Tiger Asia Management (a so-called "Tiger Cub") in 2001. In Hwang's long and distinguished career, he has been in the catbird's seat for extraordinary market cycles - including spectacular booms along with devastating bursting Bubbles.

Why would Archegos employ such a risky strategy - basically reckless leveraging of volatile equities exposure? We can only assume the firm was emboldened by the hyper-loose policy and liquidity backdrop. And why would the dominant global securities firms (including Nomura, Credit Suisse, Goldman Sachs, Deutsche Bank, Morgan Stanley and Wells Fargo) so readily provide the financing for such a daring scheme? It does support the view that repeated Federal Reserve market bailouts, along with unfathomable liquidity injections, have numbed the entire marketplace to risk.

It has been my thesis that we're in the throes of a "blow-off" period of unprecedented speculative leveraging. And Archegos provides yet another anecdote that the expansive global derivatives marketplace is at the epicenter of leverage and speculative excess. Archegos could employ such egregious leverage through "over-the-counter" derivatives positions with various securities firms - in what are called "basis" or "total return" swaps.

These types of derivatives are big business for Wall Street. From the FT (Robert Armstrong): "Global banks earned an estimated $11 billion in revenue in 2019 from synthetic equity financing including total return swaps, double the level of 2012… The business, which has grown rapidly since the financial crisis, accounts for more than half of banks' total equity financing revenue… - more than traditional margin lending and lending out shares for shorting combined. Synthetic financing continued to take share from other forms of equity financing in the first half of this year."

Pulling from my Q4 Z.1 analysis from a few weeks back: "Broker/Dealer Loans expanded a record $100 billion, or 84% annualized, during Q4 to a record $574 billion. For 2020, Broker/Dealer Loans surged a record $164 billion, or 40%. This compares to previous cycle peak growth of $79 billion in 2006 and $75 billion in Bubble year 1999. Total Broker/Dealer Assets jumped $168 billion, or 19% annualized, during Q4 to a record $3.676 TN."

This is the Fed's own data. Do they not have a team ready to investigate such extraordinary Wall Street lending growth during a period of conspicuous exuberance and speculative excess? Since the "great financial crisis," Fed chairs have repeatedly expounded the view that monetary policy is not an appropriate tool to counter asset inflation and Bubbles. It was, instead, macro-prudential polices that were to safeguard financial stability. Archegos is one more example of the serious shortcomings of this approach. How many times have we been told how closely the Fed on a daily basis monitors for risks to financial stability?

The FT's Gillian Tett posed the relevant question: "So was Archegos an anomaly? Or a trend?" I give her credit for being diplomatic. This was utter craziness. A long-term trend that more recently achieved powerful momentum; a perilous sign of the times.

Some have drawn comparisons to Long-Term Capital Management's 1998 blowup. Archegos is smaller and its derivatives exposure only a fraction of the Trillion or so (notional) LTCM positions. It had not borrowed in the money markets and was not levered in Credit instruments, which would generally indicate less systemic impact. Yet, on its surface, Archegos' positioning and leverage are more audacious than even LTCM.

There have been no allegations that outright fraud is involved. No humongous "fat finger" trading flub, or the shenanigans of an overzealous hedge fund titan wannabe. There were no flaws in risk models or aberrant market dislocation that blew up the strategy. Instead, it was one crazy roll of the dice by a seasoned operator betting on the perpetual bull market - gleefully financed by the who's who of global speculative finance.

Archegos is emblematic of an out-of-control mania and a complete breakdown of responsible lending and regulatory oversight. It may not have posed a systemic risk, yet the Archegos fiasco is certainly an indictment of the entire system from the speculators to the financiers to the regulators and - most importantly - the institution entrusted as guardian of our "money" and financial stability more generally.

March 31 - Reuters (David Lawder): "U.S. Treasury Secretary Janet Yellen is facing pressure from Democrats to revive tougher scrutiny of hedge funds and other large pools of capital as she heads her first meeting of the premier grouping of U.S. financial regulators… The meltdown of leveraged hedge fund Archegos Capital Management this week… gives the Financial Stability Oversight Council fresh evidence to review. The council, led by Treasury and including heads of the Fed, the Securities and Exchange Commission and other major financial regulators, is scheduled to meet… to privately discuss hedge fund activity and the performance of open-end mutual funds during the coronavirus pandemic."

What are the ramifications of the Archegos implosion? We can assume regulators will take a sharpened approach with leveraged institution oversight - hedge funds and "family offices," in particular. Lending conditions in levered "securities finance" will tighten. JPMorgan analysts estimate losses to the big securities firms could approach $10 billion - with the largest hits to Nomura and Credit Suisse. For Credit Suisse, it's somewhat a "third (fourth) strike" (Greensill Capital, York Capital Management and Luckin Coffee). At least at the margin, the big securities firms will be somewhat more circumspect in extending Credit to highly levered market operators.

Perhaps the most consequential near-term changes will unfold stealthily in the derivatives marketplace. Regulators will more carefully scrutinize the types of derivatives that allowed Archegos to go nuts with leverage. This should spur a more cautious approach from derivative counterparties (i.e. the big securities firms), with the upshot a tightening of conditions for the leveraged speculating community.

From the FT: "'There is never just one cockroach,' warns Andrea Cicione, head of strategy at research house TS Lombard. 'If all this sounds familiar, it is because of the similarities with the beginning of the global financial crisis, when two hedge funds…had to be bailed out by their sponsor, Bear Stearns, following margin calls they could not meet.' He adds: 'To be absolutely clear, we are not calling [another financial crisis] here - there simply is not enough evidence to conclude that Archegos is anything more than an isolated case.'"

There is every reason to believe Archegos is but the tip of the iceberg. While not obvious, the comparison to the Bear Stearns Credit fund blowups in June 2007 is apt. Those two funds had employed egregious leverage in their subprime mortgage derivatives holdings. And this type of speculative leveraging had acted as a marginal source of liquidity during the "Terminal Phase" of mortgage finance Bubble excess. And while the Fed's aggressive monetary loosening was instrumental in sustaining general Bubble excess well into 2008, the implosion of the Bear Stearns funds marked a momentous inflection point - a tightening of lending conditions at the margin (subprime) that marked the beginning of the end for a historic Bubble.

There's a case to be made for characterizing Archegos as an egregious employer of leverage at the fringe of an epic Bubble in leveraged speculation - having provided a marginal source of marketplace liquidity. The collapse and resulting tightening of lending conditions will now mark an inflection point for the historic Bubble in leveraged speculation across the securities and derivatives markets.

My fascination with Bubbles goes back to the late-eighties Japanese Bubble period. A similar dynamic held through the many Bubbles I've analyzed over several decades: U.S. bond market 1992/3, Mexico, the SE Asian "Tigers," the nineties "tech" Bubble, the mortgage finance Bubble, and others. In each case, I became convinced the amount of Credit, speculation and other egregious excess was extraordinary. And years ago I adopted a Bubble maxim: "I knew things were really bad. It was invariably much worse than even I imagined."

April 2 - Financial Times (Katie Martin, Robin Wigglesworth and Laurence Fletcher): "The super-rich face challenges that the rest of us do not have to consider: yacht maintenance, selecting the right fleet of private jets, finding boarding schools for their offspring. Thanks to their roughly $6tn in combined family wealth, they now have to worry about Bill Hwang too. Hwang has shot from relative obscurity to become the key figure in global markets over the past two weeks, as the implosion of his Archegos investment house has hammered a handful of stocks and punched multibillion-dollar holes out of Credit Suisse and Nomura."

I was unaware that "family office" assets had inflated to $6 trillion - through an astounding confluence of policy-induced wealth redistribution and asset inflation. From the FT: "That golden age has brought a proliferation. In a report issued a year ago, business school Insead noted that the number of single family offices had grown by 38% between 2017 and 2019, to reach more than 7,000. Assets under management stood at some $5.9tn in 2019."

We can safely assume assets are, at a minimum, now approaching $7 trillion - and, with some leverage, the size of holdings could be double or even triple. And while many "family offices" would be cautiously focused on wealth preservation, there's an element of "regulatory arbitrage" that we all should find troubling. As Archegos has illuminated, this structure creates a loophole for avoiding regulatory oversight and reporting requirements. Most of these operations are domiciled in lax off-shore financial centers outside the purview of credible regulators.

I have proffered tens of Trillions of speculative leverage have accumulated over this protracted Bubble period. The so-called "family office" universe has clearly become a key operator in global leveraged speculation. But let's not lose sight of the big picture.

March 29 - Reuters (Gina Chon): "But broadly global watchdogs are eyeing opaque areas of the market. Assets among shadow banks have increased following the financial crisis, totaling more than $200 trillion in 2019, now making up about 50% of the global financial system, according to the Financial Stability Board, compared to 42% in 2008."

Archegos is also a reminder of latent liquidity issues. For the most part, the fund trafficked in exposures to liquid equity securities. For example, Viacom traded 38 million shares on March 23rd, trading at $96 late that Tuesday afternoon. By Friday, some 20 trading hours later, the stock had been more than cut in half to $40.

Clearly, the large "margin call" block trades to unwind Archegos positions were a major factor. But how much selling came out of the woodwork in an attempt to "front run" this forced liquidation? Some smelled blood, and others panicked - and the market in Viacom stock turned illiquid, then quickly dislocated. It was the inverse of spectacular speculative melt-ups we became so accustomed to during the quarter.

It made me recall the March 2020 implosion of some popular corporate bond and small cap equities ETFs. After beginning the year at $37, Viacom was trading at $100 only nine sessions ago. Importantly, it was the speculative melt-up that set the stage for the inevitable reversal, dislocation and Archegos blowup/deleveraging. We should all be worried by the ongoing proliferation of ETFs gorging on wildly volatile and speculative company stocks. It's all late-cycle "Moneyness of Risk Assets" "Terminal Phase" egregious excess. Just wait until the "front running" (selling/shorting/put buying), illiquidity and dislocation when these funds suffer major losses and panicked outflows ("runs").

Q1 2021 - another quarter for the history books. The Banks (BKX) surged 24.0% (Nasdaq Bank Index up 28.7%), with the Broker/Dealers (XBD) gaining 19.2%. The small cap Russell 2000 jumped 14.1%, and the "average stock" Value Line Arithmetic Index rose 16.4%. The NYSE Arca Oil Index jumped 31.3%, while the Semiconductors rose 15.9%. The Dow Transports advanced 17.9%. Gamestop surged 916%, AMC Entertainment 342%, and Express 336%.

Vaccinations reached 100 million, while 900,000 jobs were added in March. Mind-boggling fiscal stimulus, and the Fed holding doggedly to $120 billion of monthly QE (for months to come). The Treasury five-year inflation "breakeven rate" jumped 66 bps during the quarter to 2.64% (high since 2008) - with manufacturing survey price indexes surging to multi-decade highs.

Ten-year Treasury yields spiked 81 bps to 1.72%. The Brazilian real and Turkish lira each dropped 8.9%. Erdogan threw a tantrum and sacked Turkey's chief central banker. Turkish lira bond yields spiked about 500 bps during the quarter to 17.4%. Brazilian real yields rose 253 bps to 9.40%. Supply-chain finance leader Greensill Capital collapsed during the period, while Archegos imploded spectacularly at quarter-end. Melvin Capital and other hedge funds suffered at the hands of wildly unstable markets.

As Warren Buffet is fond of saying: "You find out who's swimming naked when the tide goes out." Get the women and children off the beach! It's high tide, yet things are turning nasty already. Hyman Minsky's "Ponzi Finance" on a systemic (and global) basis - and the abhorrent scheme is showing its age.

How troubled trader Bill Hwang quietly amassed US$10 billion ~ 2 Apr 2021
https://www.forbes.com/sites/nathanvardi/2021/04/02/how-troubled-trader-bill-hwang-quietly-amassed-10-billion/
Hwang’s Archegos Capital was the subject of margin calls that reverberated through financial markets in recent days and cost investment banks like Credit Suisse and Nomura Holdings between US$5 billion to US$10 billion, JPMorgan analysts estimate.


Offline zuolun

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Re: The other side of the coin
« Reply #298 on: May 19, 2021, 11:30:53 AM »
石正丽:“溯源很重要,但有可能永远找不到”。
凡走过必留下痕迹。

Was COVID man-made or natural? ~ 15 May 2021
https://www.youtube.com/watch?v=2jPYJqFczck
•  Nicholas Wade speaks on China, WHO, and Wuhan Institute of Virology.

Origin of Covid — Following the Clues ~ 3 May 2021
https://nicholaswade.medium.com/origin-of-covid-following-the-clues-6f03564c038
•  Did people or nature open Pandora’s box at Wuhan?

Peter Daszak, president of the EcoHealth Alliance



Dr. Zheng-li Shi in a high safety (level BSL4) lab. Her coronavirus research was done in the much lower safety levels of BSL2 and BSL3 labs.


Offline zuolun

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Re: The other side of the coin
« Reply #299 on: May 20, 2021, 09:26:32 AM »
DPM Heng Swee Keat says foreigners can be considered “Singapore core” ~ 18 May 2021
https://www.theonlinecitizen.com/2021/05/18/dpm-heng-swee-keat-says-foreigners-can-be-considered-singapore-core/
  • The "Singapore core" should not be too narrowly defined in terms of whether someone is Singapore-born, a new citizen, or a foreigner who is helming a company, said Deputy Prime Minister Heng Swee Keat on Monday (May 17).
  • “On the whole, I think we must get our strategic direction correct – that we welcome people from all over the world who can add value to us, (and) who share our views,” he said.
新加坡2020年人口报告 ~ 24 Sep 2020
https://zhuanlan.zhihu.com/p/259767120

新鲜出炉的报告,很有意思。1. 关于人口。新加坡最新总人口568万5800,其中包括公民和永久居民在内的居民人口约404万:



值得注意的是,和过去几年相比,虽然公民人口稳步增加,PR人口基本稳定,但是外国人口大幅度减少。原因大家也都理解,疫情,没办法。