India may have underestimated Beijing's resolve: Chinese media

April 5, 2017

Beijing, Apr 5: India is using the Dalai Lama as a diplomatic leverage to challenge China's "bottom line", Chinese state media said today, threatening that New Delhi may have "underestimated" Beijing's determination to protect its core interests.

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The Chinese reaction to the Dalai Lama's visit to Tawang in Arunachal Pradesh came in an article in the state-run Global Times, which is part of the ruling Communist Party publications an is known for striking nationalistic postures.

"Beijing has voiced concerns over the issue, but New Delhi claimed that China shouldn't intervene in its 'internal affairs'," the article said, referring to Indian Minister of State for Home Affairs Kiren Rijiju's comments yesterday.

"Thisis absurd," the article said. Rijiju has said India never interfered in Beijing's affairs, has respected the "One China" policy, and thus China should not interfere in India's internal affairs or object to the Dalai Lama's visit. "There is no political angle behind his holiness's visit to Arunachal Pradesh. It is completely religious." Separately, External Affairs Ministry has said that no "artificial controversy" should be created about the visit.

The Chinese Foreign Ministry is yet to react to Rijiju's comments or the External Affairs statement yesterday. However, the state media asked India to "overcome its suspicion" of Beijing. "China doesn't allow India to free ride on its economic growth while jeopardising Beijing's core interests."

It warned, "New Delhi may have underestimated Beijing's determination to safeguard its core interests. Many countries have pledged not to extend invitations to the Dalai Lama. As the two largest emerging economies, China and India have great potential for cooperation."

Today's article also accused India of playing the "Tibet card" as it is dissatisfied with Beijing's stance on India's bid for Nuclear Suppliers Group membership and its attempts to add Masood Azhar, the chief of Pakistan-backed militant group Jaish-e-Mohammed (JeM), to a UN Security Council blacklist.

"Therefore, Delhi attempts to play the Tibet card against Beijing," it said, adding that "unlike his predecessors, India's Prime Minister Narendra Modi seems to have taken a different stance on the Dalai issue, raising public engagements with the monk and challenging Beijing's bottom line," it said.

India and China have had discussions on the two issues, yet the matters are far from being resolved, leading to strain in ties. Also, China is sensitive to the visit of the Dalai Lama, who it calls an "anti-China separatist", to Arunachal's Tawang region which happens to be the birthplace in 1683 of the sixth Dalai Lama and is at the centre of Tibetan Buddhism.

China has in recent days upped its rhetoric on claims to parts of Arunachal Pradesh, which it calls southern Tibet, and even warned India of "serious damage" to ties if New Delhi allowed Tibet's exiled spiritual leader's visit to go ahead.

The article added, "India is also exploring the option of linking the strategic border district of Tawang with a railway network, another provocation against Beijing. India has also invited a 'parliamentary delegation from Taiwan in February'."

Citing other instances like the Dalai Lama's meeting with President Pranab Mukherjee in December, which Beijing sees as a "provocation", it quoted Rijiju as having said to an international news agency in an interview that "it's a behavioural change you are seeing. India is more assertive."

It said that the Dalai Lama is "now openly used by India as a diplomatic tool to win more leverage." Last night, another piece on the newspaper's website said India was using the Dalai Lama's visit to Tawang "to upset" China.

An unnamed Chinese analyst told the newspaper that the 14th Dalai Lama's visit to Tawang will hurt Sino-Indian ties. "The Dalai's visit to the controversial area, especially Tawang, which China hopes will be returned, will affect relations between China and India," the analyst from the Institute of Asia-Pacific Studies of the Chinese Academy of Social Sciences told the paper on the condition of anonymity.

The analyst too pointed out the religious significance of the Tawang to Tibetans, saying it's the birthplace of the sixth Dalai Lama Tsangyang Gyatso. The analyst said this was not the first time India has used the Dalai Lama to express its displeasure to China, especially when bilateral talks fail to include their demands or to "pander to domestic anti-China issues".

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News Network
May 28,2020

May 28: Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming.

One of the nation's biggest manufacturers will lay off 6,770 U.S. employees this week, and another 5,520 workers are taking buyout offers to leave voluntarily in the coming wee

Air travel within the U.S. tumbled 96% by mid-April, to fewer than 100,000 people on some days. It has recovered slightly. The Transportation Security Administration said it screened 264,843 people at airports on Tuesday, a drop of 89% compared with the same Tuesday a year ago.

Boeing had said it would cut 10% of a work force that numbered about 160,000. A Boeing spokesperson said Wednesday's actions represent the largest number of job cuts, but several thousand additional jobs will be eliminated in the next few months.

The layoffs are expected to be concentrated in the Seattle area, home to Boeing's commercial-airplanes business. The defense and space division is stable and will help blunt the impact of the decline in air travel and demand for passenger jets, the company said.

Boeing said additional job cuts will be made in international locations, but it did not specify numbers.

"The COVID-19 pandemic's devastating impact on the airline industry means a deep cut in the number of commercial jets and services our customers will need over the next few years, which in turn means fewer jobs on our lines and in our offices," CEO David Calhoun said Wednesday in a memo to employees.

Calhoun said the company faces the challenges of keeping employees safe and working with suppliers and airlines "to assure the traveling public that it can fly safe from infection."

Calhoun warned that Boeing will have to adjust business plans constantly because the pandemic makes it hard to predict the impact on the company's business.

Boeing's crisis began with two crashes of its 737 Max, which led regulators around the world to ground the jetliner last year. The company's problems have deepened with the coronavirus, which has cut global air traffic by up to 90% and caused airlines to postpone or cancel orders and deliveries for new planes.

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News Network
June 25,2020

Jun 25: Tencent Holdings Ltd.'s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshuffled the ranking of China's richest people.

The country's largest game developer has surpassed Alibaba Group Holding Ltd. as Asia's most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time. Pinduoduo, a Groupon-like shopping app also known as PDD, has more than doubled this year.

The rallies have propelled the wealth of their founders, with an added twist: Tencent's Pony Ma, worth $50 billion, has surpassed Jack Ma's $48 billion fortune, becoming China's richest person. And Colin Huang of PDD, whose net worth stands at $43 billion, has squeezed real estate mogul Hui Ka Yan of China Evergrande Group out of the top three earlier this year, according to the Bloomberg Billionaires Index.

The coronavirus pandemic has accelerated the digitization of the workplace and changed consumers' habits, boosting shares of many internet companies. Now tech tycoons are dominating the ranks of China's richest people. They occupy four of the top five spots: Ding Lei of Tencent peer NetEase Inc. follows China Evergrande's Hui.

‘Perform Strongly'

Tencent has come a long way since hitting a low in 2018, when China froze the approval process for new games. Since then, the stock has almost doubled, and last month the tech giant reported a 26 per cent jump in first-quarter revenue.

“Tencent's online games segment will probably perform strongly through the Covid-19 pandemic, and most of its other businesses are relatively unscathed,” said Vey-Sern Ling, a Bloomberg Intelligence analyst.

That has been a boon for Pony Ma, 48, who owns a 7 per cent stake in the company and pocketed about $757 million from selling some 14.6 million of his Tencent shares this year, data complied by Bloomberg show.

The native of China's southern Guangdong province studied computer science at Shenzhen University and was a software developer at a supplier of telecom services and products before co-founding Tencent with four others in the late 1990s. At the time, the company focused on instant-messaging services.

It has been a long comeback for Pony Ma. He overtook real estate tycoon Wang Jianlin as China's second-richest person in 2013 and topped Baidu Inc.'s Robin Li as the wealthiest in early 2014. Later that year, Alibaba went public in the U.S., catapulting Jack Ma's fortune.

Bloomberg Intelligence's Ling notes, however, that Tencent's jump this year has lagged behind some internet peers, especially those in e-commerce, games and online entertainment. Just consider: Tencent shares have climbed 31 per cent in 2020, while PDD's American depositary receipts have more than doubled. Alibaba, meanwhile, has advanced just 6.9 per cent.

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News Network
March 31,2020

Washington, Mar 31: The United States has performed over one million coronavirus tests so far, said President Donald Trump on Monday.

"Today, we reached a historic milestone in our war against coronavirus. Over 1 million Americans have now been tested, more than any other country by far, not even close," Trump said during a press briefing.

US Health Secretary Alex Azar said that approximately 100,000 samples are tested for coronavirus daily.

The number of novel coronavirus (COVID-19) cases within the United States surpassed 150,000 and the death toll has reached 2828, according to Johns Hopkins University. 

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