China will never permit loss of ‘any piece’ of land, says Xi

Agencies
August 1, 2017

Beijing, Aug 1: Chinese President Xi Jinping issued a tough line on national sovereignty on Tuesday amid multiple territorial disputes with his country’s neighbors, saying China will never permit the loss of “any piece” of its land to outsiders.

Mr. Xi’s declaration came during a nearly one-hour speech in Beijing marking the 90th anniversary of the founding of the People’s Liberation Army, which has formed a key pillar of support for the ruling Communist Party since 1927 and is the world’s largest standing military, with 2.3 million members.

“The Chinese people treasure peace and we absolutely do not engage in invasion and expansion. However, we have the confidence to conquer all forms of invasion,” Mr. Xi told government leaders and current and retired PLA members gathered at the hulking Great Hall of the People, the seat of the legislature that sits beside Tiananmen Square.

“We absolutely will not permit any person, any organization, any political party at any time, in any form to separate any piece of Chinese territory from China,” Mr. Xi said to applause. “No one should expect us to swallow the bitter fruit of damage to our sovereignty, security and development interests.”

Mr. Xi made no reference to any specific conflicts or disputes during his address, which focused largely on the PLA’s growth from a scrappy guerrilla force fighting Chiang Kai-shek’s Nationalists and Japanese invaders into one of the world’s most powerful, if largely untested, militaries.

China has long been embroiled in a contest with Japan over the East China Sea islands, as well as with five other governments over competing claims to territory in the strategically vital South China Sea. Beijing also threatens to use force to conquer Taiwan if peaceful enticements prove insufficient. China considers the self-governing democratic island its territory.

Mr. Xi also emphasized that the military’s highest loyalty is to the ruling Communist Party, underscoring the PLA’s key role as regime preserver through crises such as the bloody suppression of 1989 pro-democracy protests at Tiananmen Square. Top Chinese leaders have consistently rejected calls to make the PLA loyal to the government and people instead.

“The people’s army will resolutely safeguard the leadership of the Chinese Communist Party and our country’s socialist system, resolutely safeguard national sovereignty, security and development interests, and resolutely safeguard regional and world peace,” Mr. Xi said.

The speech followed a parade on Sunday at a training ground on the edge of the Gobi Desert during which Mr. Xi donned fatigues and declared that the military has the “confidence and capability” to ensure China’s sovereignty, security and national interests.

Mr. Xi, who commands the PLA as chairman of the Central Military Commission, has frequently spoken of his “China Dream” to restore China to a leadership position in international affairs with a modern, far-reaching military force to match.

The parade at the Zhurihe base in Inner Mongolia featured troops and advanced weaponry, and was another forceful indication of Mr. Xi’s iron grip over the PLA and every other political power base within the party ahead of a pivotal congress this autumn that will award him a second five-year term as leader.

That followed similarly high-profile military reviews in Beijing in 2015 and Hong Kong in June. Last week, Mr. Xi bestowed newly created “Aug. 1” honors on servicemen in a further elevation of the armed forces’ stature.

Mr. Xi and his predecessors engineered a radical upgrading of the PLA’s capabilities through years of double-digit percentage increases in the defense budget, making China the world’s second-largest military spender after the United States, although growth has slowed alongside a cooling of the overall economy.

That has also spurred a global role for the PLA, which was formerly overwhelmingly preoccupied with securing China’s territorial integrity.

Alongside its blue water navy, China is building its first overseas military base in the Horn of Africa nation of Djibouti, and Chinese ships held drills last month with Russia’s navy in the Baltic Sea, more than 10,000 km (6,000 miles) from their home ports.

 

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News Network
June 24,2020

Islamabad, Jun 24: A plane crash which killed 97 people in Pakistan last month was because of human error by the pilot and air traffic control, according to an initial report into the disaster released Wednesday.

The Pakistan International Airlines (PIA) plane came down among houses on May 22 after both engines failed as it approached Karachi airport, killing all but two people on board.

"The pilot as well as the controller didn't follow the standard rules," the country's aviation minister Ghulam Sarwar Khan said, announcing the findings in parliament.

He said the pilots had been discussing the coronavirus pandemic as they attempted to land the Airbus A320.

"The pilot and co-pilot were not focused and throughout the conversation was about coronavirus," Khan said.

The Pakistani investigation team, which included officials from the French government and the aviation industry, analysed data and voice recorders.

The minister said the plane was "100 percent fit for flying, there was no technical fault".

The county's deadliest aviation accident in eight years came days after domestic commercial flights resumed following a two-month coronavirus lockdown.

Many passengers were on their way to spend the Muslim holiday of Eid al-Fitr with loved ones.

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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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News Network
February 10,2020

New Delhi, Feb 10: Former Jammu and Kashmir chief minister Omar Abdullah's sister on Monday moved the Supreme Court to challenge his detention under the Public Safety Act.

Senior advocate Kapil Sibal, appearing for the petitioner, mentioned the matter for urgent listing before a bench headed by Justice N V Ramana.

Sibal told the bench that they have filed a habeas corpus petition challenging the detention of Abdullah under the PSA and the matter should be heard this week.

The bench agreed for urgent listing of the matter.

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