China threatens ‘counter measures’ after Trump signs bills supporting

Agencies
November 28, 2019

Hong Kong, Nov 28: China on Thursday accused the US of harbouring "sinister intentions" and warned of "countermeasures" after President Donald Trump signed a bill supporting pro-democracy protesters in Hong Kong.

The Chinese Foreign Ministry's statements came just hours after Trump signed the Hong Kong Human Rights and Democracy Act of 2019 into law.

The bill would require the State Department to certify once a year that Hong Kong is sufficiently autonomous to retain its special US trading consideration — a status that helps its economy.

Reacting to Trump's move, the Chinese Foreign Ministry said: "This is a severe interference in Hong Kong's affairs, which are China's internal affairs".

"It is also in serious violation of international law and basic norms governing international relations. The Chinese government and people firmly oppose such stark hegemonic acts," the statement said.

"The nature of this is extremely abominable, and harbours absolutely sinister intentions," the statement said.

"This act will only further expose the malicious and hegemonic nature of US intentions to the Chinese people, including our Hong Kong compatriots. And the Chinese people will only stand in greater solidarity. The US attempts are bound to fail," it said.

But at the same time, it sought to reassure that China would implement the 'one country two system' formula under which Hong Kong was handed over to China by Britain in 1997.

Hong Kong is a semi-autonomous territory which operates under the 'one country, two systems' principle — a structure that grants the city's citizens some degree of financial and legal independence from the mainland.

Hong Kong has been shaken by massive, sometimes violent, protests initially organised to oppose a now-suspended bill that would have allowed extraditions to mainland China. These protests have now turned into a wider movement for democratic reforms.

"The Chinese government is determined in opposing foreign interference in Hong Kong's affairs," the statement said.

"We are determined in implementing the 'one country, two systems' principle and safeguarding national sovereignty, security and development interests. We urge the US not to continue going down the wrong path, or China will take countermeasures, and the US must bear all consequences," it said.

The legislation came at a time when China and the US reached an advanced stage of negotiations to sign phase one agreement to end a trade war between the two world's largest economies.

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News Network
February 4,2020

Kolkata, Feb 4: A Thailand national on Tuesday gave birth during a flight from Doha to Bangkok.

The unnamed woman passenger went into labour and delivered the baby with the help of a cabin crew of Qatar airways at around 3 am.

The aircraft made the emergency landing in Kolkata and the woman was admitted to a private hospital here. Both the mother and the baby are doing fine.

"An unscheduled flight from Doha to Bangkok QR-830 landed around 03:09 am at Kolkata airport in medical priority landing. The pilot of Qatar flight had asked SOS to ATC for medical priority landing. The flight landed safely, the airport team with the doctor was attending the concerned." Kolkata Airport official said while speaking to news agency.

More details in this regard are awaited.

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News Network
July 2,2020

Washington, Jul 2: Former US Ambassador to the UN, Nikki Haley, on Wednesday (local time) hailed India's action to ban 59 apps linked to Chinese firms including Tik Tok and said New Delhi is continuing to show it will not back down from China's aggression.

"Good to see India banning 59 popular apps owned by Chinese firms, including TikTok, which counts India as one of its largest markets. India is continuing to show it won't back down from China's aggression," Haley tweeted.

The Indian government on Monday announced that it had decided to block 59 apps in view of the information available that "they are engaged in activities which are prejudicial to sovereignty and integrity of India, defence of India, the security of the state and public order".

Information Technology Minister, Ravi Shankar Prasad said that the government has banned the apps for the safety, security, defense, sovereignty, and integrity of India.

Haley'='s remarks come after US Secretary of State Mike Pompeo welcomed India''s ban on the Chinese apps and stressed that the move would "boost India''s integrity and national security".

"We welcome India''s ban on certain mobile apps. India''s clean app approach will boost India's sovereignty and boost integrity and national security," Pompeo said.

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News Network
June 2,2020

Jun 2: A new female billionaire has emerged from one of Asia's most-expensive breakups.

Du Weimin, the chairman of Shenzhen Kangtai Biological Products Co., transferred 161.3 million shares of the vaccine maker to his ex-wife, Yuan Liping, according to a May 29 filing, immediately catapulting her into the ranks of the world's richest.

The stock was worth $3.2 billion as of Monday's close.

Yuan, 49 this year, owns the shares directly, but signed an agreement delegating the voting rights to her ex-husband, the filing shows. The Canadian citizen, who resides in Shenzhen, served as a director of Kangtai between May 2011 and August 2018. She's now the vice general manager of subsidiary Beijing Minhai Biotechnology Co. Yuan holds a bachelor's degree in economics from Beijing's University of International Business and Economics.

Kangtai shares have more than doubled in the past year and have continued their ascent since February, when the company announced a plan to develop a vaccine to fight the coronavirus. They slipped for a second day Tuesday following news of the divorce terms, losing 3.1% as of 9:43 a.m. in Hong Kong and bringing the company's market value to $12.9 billion.

Du's net worth has now dropped to about $3.1 billion from $6.5 billion before the split, excluding his pledged shares.

The 56-year-old was born into a farming family in China's Jiangxi province. After studying chemistry in college, he began working in a clinic in 1987 and became a sales manager for a biotech company in 1995, according to the prospectus of Kangtai's 2017 initial public offering. In 2009, Kangtai acquired Minhai, the company Du founded in 2004, and he became the chairman of the combined entity.

China's rapidly growing economy has been an engine for the country's richest, and Du is not the only tycoon who's had to pay a steep price for a divorce. In 2012, Wu Yajun, at one point the nation's richest woman, transferred a stake worth about $2.3 billion to her ex-husband, Cai Kui, who co-founded developer Longfor Group Holdings Ltd. In 2016, tech billionaire Zhou Yahui gave $1.1 billion of shares in his online gaming company, Beijing Kunlun Tech Co., to ex-wife Li Qiong after a civil court settlement.

Sometimes, a goodbye can be time-consuming too. South Korean tycoon Chey Tae-won's wife filed a lawsuit in December asking for a 42.3% stake in SK Holdings Co. valued at $1.2 billion. That would make her the second-largest shareholder of the company should she win the case, which is still ongoing.

The most expensive divorce in history is that of Jeff and MacKenzie Bezos. The Amazon.com Inc. founder gave 4% of the online retailer to Mackenzie, who now has a $48 billion fortune and is the world's fourth-richest woman.

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