Forwarded from 📡Guardians of Hong Kong
#InternationalRelations
Czech Senate President Visited Taiwan with 90 Delegates in Response to Beijing: Don’t be Someone’s Servant
Czech Senate President Milos Vystrcil led a delegation to visit Taiwan on Aug 30, 2020 and was expected to meet the Taiwan President, Tsai Ing-wen, and other officials.
Before the trip, Mr. Vystrcil said the purpose of the visit was to promote business links with Taiwan. He would not bow to Beijing’s objections and said, “you cannot accept being someone’s servant, because when you obey the first time, even for once, it’s assumed that you will do the same ever after.” He added that this trip showed the value-oriented foreign policy of the late President Vaclav Havel, an anti-communist dissident and friend of the spiritual exiled Tibetan leader, the Dalai Lama. Mr. Havel had spoken for Taiwan in the world many times during his reign.
The delegation would meet President Tsai in the morning of Sept 3 at the Presidential Office Building, the spokesperson of Taiwan Presidential Office, Xavier Chang, recently mentioned. It is also hoped that through this face-to-face exchange, Czech and Taiwan will deepen the cooperation in the fields of economic, trade investment, science, technology, medical care, tourism and culture.
The 90-strong delegates included Zdeněk Hřib, the Prague mayor. Before this, nearly 70 parliamentarians from the European Parliament and 8 countries including the United States, Canada and Australia issued an international joint statement, supporting this trip and calling on the leaders of democratic countries to join in to show unity.
Source: Stand News #Aug30
#Czech #Taiwan #MilosVystrcil
Czech Senate President Visited Taiwan with 90 Delegates in Response to Beijing: Don’t be Someone’s Servant
Czech Senate President Milos Vystrcil led a delegation to visit Taiwan on Aug 30, 2020 and was expected to meet the Taiwan President, Tsai Ing-wen, and other officials.
Before the trip, Mr. Vystrcil said the purpose of the visit was to promote business links with Taiwan. He would not bow to Beijing’s objections and said, “you cannot accept being someone’s servant, because when you obey the first time, even for once, it’s assumed that you will do the same ever after.” He added that this trip showed the value-oriented foreign policy of the late President Vaclav Havel, an anti-communist dissident and friend of the spiritual exiled Tibetan leader, the Dalai Lama. Mr. Havel had spoken for Taiwan in the world many times during his reign.
The delegation would meet President Tsai in the morning of Sept 3 at the Presidential Office Building, the spokesperson of Taiwan Presidential Office, Xavier Chang, recently mentioned. It is also hoped that through this face-to-face exchange, Czech and Taiwan will deepen the cooperation in the fields of economic, trade investment, science, technology, medical care, tourism and culture.
The 90-strong delegates included Zdeněk Hřib, the Prague mayor. Before this, nearly 70 parliamentarians from the European Parliament and 8 countries including the United States, Canada and Australia issued an international joint statement, supporting this trip and calling on the leaders of democratic countries to join in to show unity.
Source: Stand News #Aug30
#Czech #Taiwan #MilosVystrcil
Forwarded from 📡Guardians of Hong Kong
China’s regulatory crackdown has wiped billions off tech stocks — here are the risks ahead
Chinese authorities have introduced a slew of legislation in the past few months, largely aimed at the tech sector — a move that’s spooked investors and wiped out billions of dollars in value from the country’s internet giants.
The legislative onslaught began in November last year when the huge initial public offering of billionaire Jack Ma’s financial technology company Ant Group was suspended.
Since then, regulators have introduced anti-monopoly legislation focused on the so-called “platform economy” which broadly refers to internet companies operating a variety of services from e-commerce to food delivery. Regulations have also aimed at bolstering critical data security and protection laws.
Source: CNBC #Aug30
https://t.co/d56SyUayMg
#China #Crackdown #JackMa #AntGroup
Chinese authorities have introduced a slew of legislation in the past few months, largely aimed at the tech sector — a move that’s spooked investors and wiped out billions of dollars in value from the country’s internet giants.
The legislative onslaught began in November last year when the huge initial public offering of billionaire Jack Ma’s financial technology company Ant Group was suspended.
Since then, regulators have introduced anti-monopoly legislation focused on the so-called “platform economy” which broadly refers to internet companies operating a variety of services from e-commerce to food delivery. Regulations have also aimed at bolstering critical data security and protection laws.
Source: CNBC #Aug30
https://t.co/d56SyUayMg
#China #Crackdown #JackMa #AntGroup
Forwarded from 📡Guardians of Hong Kong
Mainland China strictly control the spread and play online games only for one hour on Fridays, Saturdays, and holidays
Mainland China strengthen the management of minor playing online games. China’s National Press Publication Administration recently issued a notice, all online games companies can only provide one-hour services to minor at 8 to 9 on Fridays, Saturdays, and holidays. It is not allowed to provide online games service in any forms in other times; and strictly implement the real-name registration and login requirements for online game user accounts. Moreover, companies shall not provide game services to users who have not registered and logged in in any form. Online game companies that have not strictly implemented will be dealt with in accordance with laws and regulations.
Xinhua News Agency announced today (30August), National Press Publication Administration published “Notice on further strict management to effectively prevent minors from indulging in online games”. That is, targeting the issues of minors for overused or even addicted to online games, resolutely prevent minors from indulging in games, and effectively protect the physical and mental health.
Source : Stand News #Aug30
https://bit.ly/3E4MhjB
#OnlineGames #China #HumanRights #Teenagers #RealNameRegistration #Addicted
Mainland China strengthen the management of minor playing online games. China’s National Press Publication Administration recently issued a notice, all online games companies can only provide one-hour services to minor at 8 to 9 on Fridays, Saturdays, and holidays. It is not allowed to provide online games service in any forms in other times; and strictly implement the real-name registration and login requirements for online game user accounts. Moreover, companies shall not provide game services to users who have not registered and logged in in any form. Online game companies that have not strictly implemented will be dealt with in accordance with laws and regulations.
Xinhua News Agency announced today (30August), National Press Publication Administration published “Notice on further strict management to effectively prevent minors from indulging in online games”. That is, targeting the issues of minors for overused or even addicted to online games, resolutely prevent minors from indulging in games, and effectively protect the physical and mental health.
Source : Stand News #Aug30
https://bit.ly/3E4MhjB
#OnlineGames #China #HumanRights #Teenagers #RealNameRegistration #Addicted
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Forwarded from 📡Guardians of Hong Kong
#Economy #CCP
#GeorgeSoros: Xi’s crackdown on private enterprise shows he does not understand the market economy
The following is an article written by George Soros, the chair and founder of #SorosFundManagement and the #OpenSocietyFoundations and was published in Financial Times.
//Xi Jinping, China’s leader, has collided with economic reality. His crackdown on private enterprise has been a significant drag on the economy.
The most vulnerable sector is real estate, particularly housing. China has enjoyed an extended property boom over the past two decades, but that is now coming to an end.
Evergrande, the largest real estate company, is over-indebted and in danger of default. This could cause a crash.
The crackdown by the Chinese government is real. Unnoticed by the financial markets, the Chinese government quietly took a stake and a board seat in TikTok owner ByteDance in April. The move gives Beijing one seat on a three-person board of directors and first-hand access to the inner workings of a company that has one of the world’s largest troves of personal data. The market is more aware that the Chinese government is taking influential stakes in Alibaba and its subsidiaries.
Xi does not understand how markets operate. As a consequence, the sell-off was allowed to go too far. It began to hurt China’s objectives in the world. Recognising this, Chinese financial authorities have gone out of their way to reassure foreign investors and markets have responded with a powerful rally. But that is a deception.
Xi regards all Chinese companies as instruments of a one-party state. Investors buying into the rally are facing a rude awakening. That includes not only those investors who are conscious of what they are doing, but also a much larger number of people who have exposure via pension funds and other retirement savings...//
Read the full article:
https://www.ft.com/content/ecf7de34-e595-4814-9cbd-4a5119187330
Source: Financial Times #Aug30
#Crackdown #PropertyMarket #CommunistChina #Birthrate #Tiktok #Alibaba #Evergrande
#GeorgeSoros: Xi’s crackdown on private enterprise shows he does not understand the market economy
The following is an article written by George Soros, the chair and founder of #SorosFundManagement and the #OpenSocietyFoundations and was published in Financial Times.
//Xi Jinping, China’s leader, has collided with economic reality. His crackdown on private enterprise has been a significant drag on the economy.
The most vulnerable sector is real estate, particularly housing. China has enjoyed an extended property boom over the past two decades, but that is now coming to an end.
Evergrande, the largest real estate company, is over-indebted and in danger of default. This could cause a crash.
The crackdown by the Chinese government is real. Unnoticed by the financial markets, the Chinese government quietly took a stake and a board seat in TikTok owner ByteDance in April. The move gives Beijing one seat on a three-person board of directors and first-hand access to the inner workings of a company that has one of the world’s largest troves of personal data. The market is more aware that the Chinese government is taking influential stakes in Alibaba and its subsidiaries.
Xi does not understand how markets operate. As a consequence, the sell-off was allowed to go too far. It began to hurt China’s objectives in the world. Recognising this, Chinese financial authorities have gone out of their way to reassure foreign investors and markets have responded with a powerful rally. But that is a deception.
Xi regards all Chinese companies as instruments of a one-party state. Investors buying into the rally are facing a rude awakening. That includes not only those investors who are conscious of what they are doing, but also a much larger number of people who have exposure via pension funds and other retirement savings...//
Read the full article:
https://www.ft.com/content/ecf7de34-e595-4814-9cbd-4a5119187330
Source: Financial Times #Aug30
#Crackdown #PropertyMarket #CommunistChina #Birthrate #Tiktok #Alibaba #Evergrande
Ft
George Soros: Investors in Xi’s China face a rude awakening
The leader’s crackdown on private enterprise shows he does not understand the market economy