Chinese scientists are at the forefront of the quantum revolution

More than a decade ago, Chinese physicist Pan Jian-Wei returned home from Europe to help oversee research into some of the most important technology of the 21st century.At a conference in Shanghai this summer, Pan and his team offered a rare peek at the work he described as a “revolution.”They spoke of the hacking-resistant communications networks they are building across China, the sensors they are designing to see through smog and around corners, and the prototype computers that may someday…
Source: SCMP – China

Chinese embassy warns Canada to ‘immediately stop meddling’ in Hong Kong and China affairs

China’s embassy in Ottawa warned Canada on Sunday to stop meddling in Hong Kong affairs a day after the country issued a joint statement with the European Union in defence of the “fundamental right of assembly” for Hong Kong citizens.Hundreds of thousands of anti-government protesters rallied peacefully in Hong Kong on Sunday in the 11th week of what have been often violent demonstrations in the Asian financial hub.On the eve of Sunday’s rally, Canadian Foreign Minister Chyrstia Freeland and EU…
Source: SCMP – China

White House economic adviser Larry Kudlow says US-China negotiations ‘positive’, does not foresee recession at home

Larry Kudlow pushed back Sunday on the notion that the US economy is headed toward a recession, and said recent phone calls between US and Chinese trade negotiators had produced more “positive news”.Kudlow, the White House National Economic Council director, and Peter Navarro, President Donald Trump’s trade adviser, made multiple appearances on Sunday talk shows to discuss the economy and China trade prospects after a tumultuous week in financial markets.“I don’t see a recession at all,” Kudlow…
Source: SCMP – China

Beijing unveils detailed reform plan to make Shenzhen model city for China and the world

Shenzhen – China’s hi-tech capital just over the border from Hong Kong that was the original site for the country’s reform and opening-up experiment 40 years ago – will become a new special economic zone to carry out bolder reforms as a model for other Chinese cities.Beijing on Sunday unveiled a detailed plan for wide-ranging reforms to be implemented in Shenzhen, including in the legal, financial, medical and social sectors, according to a report by state broadcaster CCTV.Under the plan,…
Source: SCMP – China

China police investigating FedEx package containing handgun sent from US to Chinese sporting goods firm

An investigation has been launched after a FedEx package containing a handgun was sent by a US client to a Chinese sporting goods company in Fuzhou, Fujian province, local police confirmed to the South China Morning Post.Jinan police station, under the Fuzhou Public Security Bureau, said in a statement on Sunday evening that officers from the district had seized the gun and an investigation was under way.The statement did not say whether the package contained more than one handgun or release…
Source: SCMP – China

Duterte heads to Beijing on tide of Philippine dissent over ‘meek and humble’ South China Sea policy

“When the facts change, I change my mind. What do you do, sir?” British economist John Maynard Keynes is often quoted as saying, emphasising the importance of avoiding rigid doctrines in favour of flexibility.

In many ways, this is the position Philippine President Rodrigo Duterte has taken with regard to China. He prefers pragmatism based on facts rather than an intractable ideological confrontation with Beijing.

And, ahead of his fifth visit to China this month, the Filipino leader has said…
Source: SCMP – China

Community the silver lining for growing number of elderly Chinese living and dying alone

Unmarried, alone, and without children, a 67-year-old man who lived in Shanghai’s Baoshan district died at home without being noticed by anyone until his body started to rot.He was a private person who hadn’t been in the best of health, the Xinmin Evening News reported. Although he left his front door unlocked, his body went undiscovered in the summer heat until the end of July, when the smell prompted his neighbours to call the police.Just a month earlier, a woman in her 70s who lived alone…
Source: SCMP – China

Uncertainty hangs over Foxconn’s newest China factory as trade war and economic slowdown take a toll

When ground was broken in March 2017 for a new US$9 billion factory owned by a subsidiary of Foxconn Group, the event was witnessed by then Guangdong party secretary Hu Chunhua and Terry Gou Tai-ming, the Taiwanese billionaire who created Foxconn, the world’s largest assembler of Apple’s iPhones and tablets.The plant was hailed by local media as an example of Chinese efficiency in promoting investments that matter for the future and the country’s key role in the global value chain.The Southern…
Source: SCMP – China

Beijing’s last ‘ghost market’ might be a shadow of its former self but vendors still have a lot of spirit

After dark, in a certain part of Beijing, ghosts appear. One of them is jade seller Wang Guishan, who sets off after nightfall to prepare his small stall in the city’s last surviving night market.Daliushu market is held every Tuesday night in an open space between residential buildings and rows of restaurants, not far from the east fourth ring road. Wang picks a corner spot between two buildings and sinks comfortably into a chair. He will be there all night.“Ghost markets” – so-called because…
Source: SCMP – China

China changes the way bank loan rates are set, with HSBC left out of rate-setting club

China has changed its system for deciding bank lending rates so that the central bank can effectively influence and control interest rates, a significant move in the world’s second-biggest economy.The change – part of China’s long-standing pursuit of a market-based central banking structure – comes as the country’s economic growth is losing steam amid a protracted trade war with the United States and as Beijing seeks to cut financing costs for struggling small firms.Under the new system, a club…
Source: SCMP – China

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