US's ‘Support Hong Kong Violence Act’ condemmed

https://youtu.be/D6bjbxpQEXY

https://youtu.be/CjtqiO8LZTU https://youtu.be/H4KneU4Q-Wg

The US Senate on Tuesday unanimously passed the "Hong Kong Human Rights and Democracy Act," a move that seriously tarnished sacred terms like "human rights" and "democracy." The bill's real title should be "Support Hong Kong Violence Act" as it has overtly taken sides with rioters who are destroying the rule of law in Hong Kong. And it has targeted the Hong Kong Special Administrative Region (HKSAR) government and Hong Kong police, who are struggling to prevent chaos from turning into anarchy.

The core of the new US bill is to oppose HKSAR government's efforts to stop violence, end chaos as well as to prevent the Chinese central government from saving Hong Kong under any circumstance. The most prominent clause subjects the city to an annual review for its special trade status, which would strip Hong Kong of the status.

Some opposition figures in Hong Kong stupidly kowtow to Washington and express their gratitude for US support for the radical protesters' "democracy struggle." But if the US imposes economic sanctions on Hong Kong, all Hong Kong people will have to bear the consequences.

Once the bill is signed by the US president, subtle changes will take place in Hong Kong's international business environment, because of the uncertainties caused by the US. American investors in Hong Kong will panic, and the city's geoeconomic status and function will be reevaluated.

Some may expect this to deter Beijing. Such thinking is naïve. Hong Kong is in a mess, but the country hasn't intervened so far.

Instead, the Chinese central government encourages the city to stop violence and end chaos under the leadership of the HKSAR government, solve the conundrum under the framework of the Basic Law and not use the provisions of the Basic Law for emergency situations.

However, if the chaos continues, even paralyzes the city and destroys ordinary people's lives, how can the central government not intervene?

Passing the act is the US attempt to disrupt the People's Republic of China's governance over Hong Kong, weaken the HKSAR government, and compel the police to be afraid of cracking down on radical rioters in accordance with the law.

The US is hoping that Hong Kong falls into disorder for a long time. If we take this US bill seriously and shrink from tackling riots, Hong Kong will suffer from an accelerated collapse of the rule of law and be erased from the modern world.

Hong Kong has long acted as an interface linking China and the West. The US move will undermine that function of the city. But no matter what challenges Hong Kong will have to face, it will be far better than what it faces now: Streets are full of roadblocks; subway stations are burned; schools cannot re-open; and many businesses are forced to stop.

If riots continue, Hong Kong is doomed. The threat from the US is much less than the damage the city is currently suffering.

What the bill brings is not fear, but anger. People see certain US politicians' malice against Hong Kong and the entire China between the lines.

It is believed that with the central government's support, Hong Kong will resolutely reject the US threat. Hong Kong's special trade status is entitled by the Basic Law. The US attitude does not represent the international community's. Hong Kong's future is bound to that of the entire China, instead of the US.

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China ready to  'fight back' over US  Hong Kong bill

https://youtu.be/jfgbg4Be4sA

China ready to  'fight back' over US  Hong Kong bill

US Senate's passage of HK 'rights act' condemned | The Star ...

image: https://apicms.thestar.com.my/uploads/images/2019/11/21/397785.jpg

Strong words: Yang said the passage openly supported protesters and radicals in Hong Kong and completely exposed the hegemonic nature of some politicians in the United States. — Reuters


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Blockchain: Internet of Value/ Currency of Trust; Private cryptocurrency a misallocation among blockchain technology, say research & economist

• Blockchain embodies the internet of value. How will it revolutionize our lives and our pockets?

•  And, we look at the qualities Blockchain needs to spark mass adoption.

https://youtu.be/oJGVvJS0A0I

Blockchain, one of the buzzwords in technology, is set to rise in China. Recently, Chinese President Xi Jinping underscored the fledgling technology as the country increasingly views Blockchain as key to future innovation. Has a digital game changer arrived? How will a boom in Blockchain impact our lives? Today we delve into the world of the new technology and talk to Don Tapscott, co-founder and executive chairman of the Blockchain Research Institute, to find out more.

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Currency of Trust

Blockchain has the potential to be revolutionary. But, what hurdles must it overcome before it can hit the mainstream? In London, we invited Patrick McCorry, founder and CEO of PISA Research, a grant funded by a group of Blockchain companies, to decode this ever-changing world.

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Private cryptocurrency a misallocation among blockchain technology, says economist

Cryptocurrency is digital-based cash among the internet world nowadays. Born from blockchain, this kind of "currency" is blooming in terms of high privacy. Acknowledging that, Nobel Prize-winning economist and Harvard professor Eric Maskin commented that private cryptocurrency is a misallocation.

"The most important application of blockchain so far has been cryptocurrency, and that is a terrible misallocation. In my view, cryptocurrency, at least private cryptocurrency like bitcoin is a mistake," said Maskin.

"Because the public currency like RMB and U.S. dollar are much more useful than private currency. [Public currencies] they preserve the power of central banks to conduct monetary policy. If no one is using the dollar, then the U.S. monetary policy is useless. So I'm worried about cryptocurrency only to the extent that it reduces the use of currencies like RMB or dollar," he added.

He also pointed out that cryptocurrencies could interfere with central banks' monetary policies.

Meanwhile, Maskin supports the idea that blockchain is a technology. He noted that it is one of the exciting developments that have come along in recent years.

"Blockchain can make all sorts of transactions much easier and much more secure. It can also ensure that only the information that people need to have gets transmitted," said Maskin.

"Blockchain is a way for me to guarantee that only what you need to about me gets told. And that's valuable in a world where we're beginning to worry about privacy issues," the professor explained.

Besides, Maskin supports building the country's own digital currencies. With the backdrop of e-payment booming around the world, Maskin said the digital currency can make transaction easier but it won't have all of the unpleasant side effects of these private currencies.

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Say ‘no’ to incompetent government, message from Tanjung Piai by election!

https://youtu.be/FaO25i3biEE

https://youtu.be/ZgKFqcG5twc

https://youtu.be/d2DyEfvsIwc

The message from Tanjung Piai is really quite simple and straightforward.

The Malays are willing to vote for BN, MCA, PH or PPBM. To them, which party or coalition to vote for is secondary. Increasingly, they want a government that can work for them, not just good in hoodwinking.

Some pundits claimed that it was Umno-PAS union that pulled the Malay votes for BN. I would prefer to think that it is the “push factors” to vote against PPBM and Pakatan Harapan that caused the swing.

Frankly, I think most are quite fed-up with the PH government by now. Many must have paused to ask themselves which aspect of their life has become better since May 9, 2018.

Maybe they couldn’t find any other than the continued intrigues and infighting within PH component parties.

The Chinese, too, can vote for different candidates and different coalitions at different times. To them, it does not matter if it is PPBM, PH, BN or MCA. It shows Chinese Malaysians are not racist. They just want to be treated fairly; it does not matter which race represents them in the government.

PPBM, Amanah and PKR need to be reminded that the Chinese are not leftovers; they are productive citizens.

No one wishes to be insulted, so let no one tell the Chinese to go back to China again. This is totally unacceptable.

The Chinese value their children’s education very much because they know they can’t depend on the government for jobs. So, forums and congresses threatening to shut down certain schools should stop.

They want multilingual education for their children, so stop telling them what language they can or cannot learn. If the government cannot protect the minority, it does not deserve support, period.

Finally, all Malaysians – Malays, Chinese, Indians and others – hate an incompetent government. So stop talking about flying cars, third national car, crooked bridge, Kulim Airport which is a stone’s throw from Penang, and endless plans for Penang.

TK Chua is an FMT reader.


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China successfully completes lander tests, preparing for Mars mission in 2020 as it pushes for inclusion in global space projects

China unveils its 2020 Mars probe
https://youtu.be/hdj8-XSOAg8

A lander for China's Mars mission is seen before a hovering-and-obstacle avoidance test at a test facility in Huailai, Hebei province, China November 14, 2019. REUTERS/Jason Lee

https://youtu.be/6H00j4Cub1g

HUAILAI, China (Reuters) - China on Thursday successfully completed a lander test in northern Hebei province ahead of an unmanned exploration mission to Mars next year.

China is on track to launch its Mars mission in 2020, Zhang Kejian, head of the China National Space Administration, said on Thursday. Zhang was speaking ahead of the hovering-and-obstacle avoidance test for the lander.

The journey through space will take about seven months, while landing will take seven minutes, said Zhang Rongqiao, chief architect of the Mars exploration programme.

The test was conducted at a sprawling landing test site in Huailai, northwest of Beijing.

China has developed the powerful Long March 5 rocket to transport the probe to Mars in 2020.

The same rocket is meant to deliver the Chang'e-5 probe to the moon by the end of 2019 or early next year to bring back samples of lunar rocks.

The Chang'e-4 probe successfully touched down on the far side of the moon in January this year, a historic first and major achievement for China's space programme.

China made its first lunar landing in 2013.

China expects to complete a modular space station around 2022, around the time when NASA is said to start building a new space station laboratory to orbit the moon, as a pit stop for missions to other parts of the solar system.

In 2003, China became the third nation to put a man in space with its own rocket after the former Soviet Union and the United States.

Since then, it has been racing to catch up with Russia and the United States and become a major space power by 2030.

(Reporting by Martin Pollard; Writing by Ryan Woo and Liangping Gao; Editing by Raju Gopalakrishnan)


China preparing for Mars mission in global space projects

It’s a success: A lander being lifted during a test at a facility in Hebei province. — AP

HUAILAI: China invited observers to a successful test of its Mars lander as the country pushes for inclusion in more global space projects.

The demonstration of hovering, obstacle avoidance and deceleration capabilities was conducted at a site outside Beijing simulating conditions on the Red Planet, where the pull of gravity is about one-third that of Earth.

China plans to launch a lander and rover to Mars next year to explore parts of the planet in detail.

China’s burgeoning space programme achieved a lunar milestone earlier this year by landing a probe on the mysterious far side of the moon.

It has developed rapidly, especially since it conducted its first crewed mission in 2003 and has sought cooperation with space agencies from Europe and elsewhere.

The US, however, has banned most space cooperation with China out of national security concerns, keeping China from participating in the International Space Station.

Despite that, China’s ambitions continue to grow as it seeks to rival the US, Russia and Europe in space and cement its position as a regional and global power. It is gradually constructing its own larger, more permanent space station in which it has invited foreign participation.

The lander yesterday successfully avoided ground obstacles during a simulated low-gravity descent, according to the China Aerospace Science and Technology Corporation, the Chinese space programme’s main contractor.

The refrigerator-sized craft was lowered gently on 36 cables through the air for about a minute and used onboard jets spraying rust-coloured fumes to alter its downward course.

“After the probe is launched, it will take about seven months to reach Mars, and the final procedure of landing will only last about seven minutes, which is the most difficult and the most risky part of the whole mission, ” said the Mars mission’s chief designer, Zhang Rongqiao, standing before the 140m-tall testing facility.

Recent rover crashes on the moon by Israel and India highlight the difficulties of safe landings from space.

The remote Comprehensive Testing Ground for Landing on Extraterrestrial Bodies run by CASC lies an hour north of the Great Wall from Beijing.

Guests at yesterday’s event came from 19 countries and included the ambassadors of Brazil, France and Italy. — AP

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US cannot break China’s supply chain

The US has once again disparaged the Chinese economy to entertain itself. US President Donald Trump on Saturday claimed China's supply chain was "all broken, like an egg," and said China wanted a deal more than the US did.

The fact is, however, senior US officials are talking about trade wars and trade deals almost every day, while Chinese officials rarely do this. Anyone who knows a little bit about psychology can figure out that such responses of the US reflect anxiety, rather than calmness.

Is China's supply chain broken like an egg? Chinese telecom giant Huawei has not begged the US to be "magnanimous." It is now US companies that are asking to be excluded from US restrictions.

Being placed in the Entity List has certainly caused difficulties for Huawei, but such hardships are far from delivering vital blows to fling the company down. Some US elites are clamoring for knocking Huawei down, but their indecent acts have only stimulated Huawei's strength and growth. And Chinese people generally believe that this high-tech company will be increasingly strong.

The US cannot even defeat one Chinese enterprise by making full use of its whole country's power. Now it is claiming it will break the supply chain of all of China as an egg. Is such bragging too exaggerated? We wonder how the public opinion and voters in the US can tolerate such a boast. The voters are seemingly quite gullible.

The US is suffering an economic downturn, and many indicators demonstrate that its good days are coming to an end. US state leaders and senior officials are like cheerleaders, taking turns to cheer up the stock index.

In terms of economic situations, Chinese officials' description is absolutely more objective and calm than the US side. China recognizes that the trade war has brought negative impacts, and our efforts to eliminate such effects are open and timely. The US, however, is trying to cover up the effects of the trade war it has launched.

China has already focused its efforts on solving its own problems. We will not bet on the idea that reaching a deal will fundamentally change China-US economic relations. Most Chinese believe that whether there is an agreement or not, turmoil between the two countries will not end. Chinese society is in favor of reaching a trade deal, but it is also patient.

Including Chinese companies such as Huawei in the Entity List will cause long-term damages to US business community's reputation. Foreign companies may be on guard against US enterprises in the future while building their own supply chains, which will certainly offer more opportunities for US competitors.

The US is so keen on imposing sanctions, and is fond of applying sanctions on related third-parties. Betting on US companies may work in a short term, but cannot serve as a long-term strategy. The US has trodden business ethics under foot in this round of China-US games. It is even pleased with itself for overtly destroying China's supply chain. At the strategic planning in the US, there are no such concepts like honesty and morality. The Chinese society has clearly observed this, as has the entire world.

Fortunately, China has the widest range of manufacturing sectors in the world, which has given the country a special strength in the global supply chain. China is not afraid of any game against the supply chain. Producers without China's supply chain will certainly feel more pain than China.

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