Islam in China should stick to socialism with Chinese characteristics: Govt

November 27, 2016

Beijing, Nov 27: China has asked its Muslim citizens to resolutely oppose religious ‘extremism' and stick to socialism with Chinese characteristics as it tightened security in the restive Muslim-majority Xinjiang province with stern measures.

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Chinese Muslims should resolutely oppose religious extremism, Wang Zuo'an, chief of the State Administration for religious affairs, said.

In his address at the 10th National Congress of Chinese Muslims on Saturday, Wang said the development of Islam in China should stick to socialism with Chinese characteristics, state-run Xinhua news agency reported on Sunday.

While respecting Muslims' beliefs and customs, religious interference in the fields of politics, justice and education is intolerable, Wang said.

It is strongly advocated that new mosques should demonstrate Chinese characteristics and national features, instead of deliberate copying foreign architectural styles, Wang said.

He also said he appreciated the work of the Islamic Association of China (IAC) during the past five years.

The IAC should foster Islamic clergy and actively carry out friendly exchange with foreign countries, Wang said.

His comments came as China has tightened rules for religious ceremonies and directed residents in Xinjiang province to surrender their passports in a bid to restrict their attempts to migrate abroad.

People of the province have been told to surrender their passports to local police stations for examination and management.

"Those who refuse to hand in their passports should bear the responsibility themselves if they are forbidden from going abroad," the local government directive said last week.

Also Xinjiang has established religious committees and residential communities to manage religious practices since September, requiring local residents to report their religious activities or activities attended by religious people, including circumcision, weddings and funerals, La Disheng, a professor at the Party School of the Communist Party of China Xinjiang regional committee, said.

Getting a passport is often complicated and takes more time in Xinjiang than in other provinces, given the rising threat of terrorism in the region and the government's ongoing anti-terrorism campaign, an official in the province said.

The new passport followed steady migration of Uyghurs, Turkik speaking Muslims to Turkey and several other countries.

According to reports, several hundred Uyghur youth have been fighting along with Islamic State in Syria and China apprehends that the battle-hardened militants may return to cause more violence in the troubled province.

Resource-rich Xinjiang, bordering PoK and Afghanistan was on the boil for over six years following unrest among Uyghur Muslims over the increasing settlements of Han Chinese from other provinces.

The province has witnessed some deadly terror attacks in recent years which also spread to Beijing and other parts of China. The attacks were officially blamed on the East Turkistan Islamic Movement (ETIM) which is allegedly linked to al-Qaida in the past and now Islamic State.

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News Network
May 19,2020

May 18: Risk managers expect a prolonged global recession as a result of the coronavirus pandemic, a report by the World Economic Forum showed on Tuesday.

Two-thirds of the 347 respondents to the survey - carried out in response to the outbreak - put a lengthy contraction in the global economy top of their list of concerns for the next 18 months.

Half of risk managers expected bankruptcies and industry consolidation, the failure of industries to recover and high levels of unemployment, particularly among the young.

“The crisis has devastated lives and livelihoods. It has triggered an economic crisis with far-reaching implications and revealed the inadequacies of the past," said Saadia Zahidi, managing director of the World Economic Forum.

Environmental goals risk being discarded as a result of the pandemic, the report said, but governments should try to carve out a "green recovery".

"We now have a unique opportunity to use this crisis to do things differently and build back better economies that are more sustainable, resilient and inclusive," Zahidi said.

The report was compiled by the World Economic Forum’s Global Risks Advisory Board together with Marsh & McLennan Companies Inc and Zurich Insurance Group.

Risk managers were surveyed between April 1 and 13.

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Agencies
April 2,2020
Thailand's controversial king has created a category of his own with his idea of self-isolation.
 
According to reports, King Maha Vajiralongkorn, also known as Rama X, has hired out an entire luxury hotel in Germany, where he has been 'self-isolating' with 20 women.
 
The luxury hotel, the Grand Hotel Sonnenbichl, is in the Alpine resort town of Garmisch-Partenkirchen.
 
The 67-year-old king is self-isolating with his entourage that includes a 'harem' of 20 concubines and several servants, reported Bild.
 
However, it is unclear if his four wives are currently living in the same hotel.

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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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