Ready for consensus NSG but opposed to UN ban on Azhar: China

October 10, 2016

Beijing, Oct 10: Ahead of President Xi Jinping's visit to India, China today said it is "ready" for talks with India on its entry into the NSG but defended extending a hold on India's bid for a UN ban on JeM chief Masood Azhar, saying Beijing is opposed to anyone making "political gains in the name of counter-terrorism".

modixiBriefing media here on Xi's visit to India this week to take part in the BRICS Summit in Goa, China's Vice Foreign Minister Li Baodong again harped on the need to build consensus over the admission of new members in the 48-member Nuclear Suppliers Group (NSG).

Asked if any progress on the issue of India's admission into NSG can be expected in the meeting between Xi and Prime Minister Narendra Modi on the sidelines of the BRICS Summit, Li said NSG rules stipulate consensus among the members to admit new ones.

"These rules are not to be decided by China alone. On the issue, China and India have maintained good communication and we are ready to continue consultations with India to build consensus and we also hope India can go to other members of the NSG as well," Li said replying to a question on China's reservations on India's admission to the elite nuclear trading club.

"In this aspect we are also ready for discussions with India to explore possibilities but things need to be in keeping up with procedures, norms and regulations of the NSG. On this issue, China position is consistent. That is why China has often said international law must be observed," he said.

Xi will travel to Goa to attend the BRICS Summit scheduled to held between October 15-16. The BRICS grouping consists of Brazil, Russia, India, China, South Africa. While India has blamed one country, without naming China, for stalling its membership in the NSG, both the countries held talks recently to iron out differences.

After talks with India, China also has held similar talks with Pakistan, which also applied for membership in the influential grouping. Replying to a question on criticism about China's move to stall India's bid for a UN ban on Azhar - head of Pakistan-based terrorist group Jaish-e-Muhammad, Li sought to justify Beijing's recent technical hold in the matter, saying: "China is opposed to all forms of terrorism."

"There should be no double standards on counter- terrorism. Nor should one pursue own political gains in the name of counter-terrorism," he said in a veiled reference to India, which is pressing for the UN ban against Azhar over his role in the Pathankot terror attack.

China had announced the extension of its "technical hold" on India's bid to get Azhar designated as a terrorist by the UN on October 1, days before it was to expire. The hold can continue for upto three months more.

During today's briefing, Li said counter-terrorism cooperation will figure in the BRICS Summit.

"On counter-terrorism, it is an important area for cooperation among BRICS members for political security. Cooperation on this front will enhance BRICS communication and coordination and will contribute to world peace and security. That is quite obvious," he said.

He said BRICS Foreign Ministers reached agreement on counter-terrorism during their meeting on the margins of the UN General Assembly last month.

"We hope and believe that this Goa summit will build on the past consensus and continue to strengthen cooperation in counter-terrorism and other issues of political security and contribute to world peace and security," he said.

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News Network
June 8,2020

Hundreds of thousands of people across the world are joining the anti-racism demonstrations days after the killing of George Floyd in United Sates. 

The protests are being held in cities including London, Manchester, Cardiff, Leicester and Sheffield.

Demonstrators attached ropes to the statue of Edward Colston before pulling it down to cheers and roars of approval from the crowd. Images on social media show the statue was eventually rolled into the city's harbour. 

It was not the only statue targeted on Sunday. In Brussels, protesters clambered onto the statue of former King Leopold II and chanted "reparations".

The word "shame" was also graffitied on the monument, reference perhaps to the fact that Leopold is said to have reigned over the mass death of 10 million Congolese.

In London, thousands of people congregated around the US embassy for the second day running.

While protests were mainly peaceful, there were some scuffles near the office of Prime Minister Boris Johnson and outside the Parliament gates.

In Hong Kong, about 20 people staged a rally in solidarity with the Black Lives Matter movement on Sunday outside the US consulate in the semi-autonomous Chinese city.

"It's a global issue," Quinland Anderson, a 28-year-old British citizen living in Hong Kong, told The Associated Press news agency.

"We have to remind ourselves despite all we see going on in the US and in the other parts of the world, Black lives do indeed matter."

Several dozen demonstrators took part in a Black Lives Matter protest held in Tel Aviv's central Rabin Square.

A rally in Rome's sprawling People's Square was noisy but peaceful, with the majority of protesters wearing masks to protect against coronavirus. Participants listened to speeches and held up handmade placards saying "Black Lives Matter" and "It's a White Problem".

In Spain, several thousand people gathered on the streets of Barcelona and at the US embassy in Madrid.

Many in Madrid carried homemade signs reading "Black Lives Matter", "Human rights for all" and "Silence is pro-racist".

"We are not only doing this for our brother George Floyd," said Thimbo Samb, a spokesman for the group that organised the events in Spain mainly through social media. "Here in Europe, in Spain, where we live, we work, we sleep and pay taxes, we also suffer racism."

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News Network
July 1,2020

Washington, Jul 1: The United States has approved four coronavirus vaccine candidates for clinical trials, Food and Drug Administration (FDA) head Stephen Hahn told reporters.

"Four vaccines have been approved for moving into clinical trials... and another six are in the pipeline for us to review," Hahn said during a press briefing on Tuesday.

The US Administration launched in May Operation Warp Speed, a joint project of Health and Defense Departments, which aims to deliver 300 million doses of a vaccine for COVID-19 by January 2021.

The country's top pandemics expert Anthony Fauci warned on Tuesday, however, that there is no certainty the United States will be able to develop a vaccine against COVID-19 that works and will be safe.

Data on vaccine effectiveness, he added, may be available in the winter or early next year.

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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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