Containing Novel Coronavirus 2020 Outbreak in China: public gatherings cancelled, cities under lockdown ...

Coronavirus 2020 Outbreak: Latest Updates webmd.com

Live: Press conference on the novel coronavirus outbreak国家卫健委通报疫情和防控工作最新进展
 
https://youtu.be/xQxOeUA0jRQ 

Coronavirus Latest Live Update from Shenzhen China.
  https://youtu.be/ZgnjiEd4gVU

Malaysian Embassy in Beijing establishes Emergency Response Team

https://youtu.be/6cuE3RAJJQs

https://youtu.be/4yC8gVoNkUs

Chinese medics give up new year celebrations to head to coronavirus quarantine zone

https://youtu.be/VbA2PRYsakA

A 46-year-old man has become the first patient in east China's Zhejiang Province to recover from the coronavirus. The man, surnamed Yang, left the hospital on Friday after undergoing treatment for a week. The patient had been living in Wuhan for a long time. Yang will continue to visit the doctors for regular checkups.

19 Chinese provinces, municipalities launch highest-level emergency response

https://youtu.be/7Tc4HpDGwaE

Over 1,317 coronavirus cases have now been confirmed globally. So far, 42 infected people have died in China. A total of 19 provinces and municipalities in China, including Beijing, Shanghai and Jiangsu provinces have declared the highest level of public health emergency to combat the coronavirus outbreak. 

Some traditional holiday celebrations, such as temple fairs and cultural performances and other public gatherings have been canceled. At least 16 cities in the worst-hit province of Hubei have suspended public transportation, including local buses, subways, ferries and long-distance coaches. 

Around 450 military medical personnel have been deployed in the province, while nearby Sichuan Province has also sent 135 medical staff members. China's Finance Ministry has allocated a total of one billion yuan to support Hubei. 

In addition, the provincial capital of Wuhan is building a special hospital on the outskirts of the city to treat patients with the virus. The 1,500-bed facility is expected to open by February 3. Subscribe on YouTube: https://goo.gl/lP12gA

11 million people are under lockdown in Wuhan

https://youtu.be/RTbJ2wKILJM

Wuhan lockdown leads to empty streets, train stations

  https://youtu.be/57GeEbPM8AQ

https://youtu.be/ltcV3Q-1ztw

China shuts down multiple cities in an effort to curb coronavirus outbreak

https://youtu.be/463-Ep139u4

The Science of Viral Outbreaks / Global Firms on Strategy amid Uncertainty

https://youtu.be/AqlYyOe96mg

Is travel to China safe?

Wuhan is closed to travelers.  

The CDC advises travelers to China to:

• Avoid contact with sick people.
• Avoid animals, animal markets, and products that come from animals.
• Wash your hands often with soap and water, or use an alcohol-based sanitizer if that’s not available.
• Seek medical care right away if you have a fever, cough, or a hard time breathing. Tell your health care professional about your travel.

What are the symptoms, and how is the virus diagnosed?

China created a test for the virus and shared that information with other countries. The CDC has developed its own test.

Symptoms include a fever, coughing, and shortness of breath. They may appear 2 to 14 days after you’re exposed to the virus. What is the source of the virus, and how is it spread?

Health officials are not sure of the source of the virus yet or how easily it can spread. Coronaviruses are found in many different animals, including camels, cattle, cats, and bats. One research paper also suggested snakes as a possible source. The new virus may be linked to a seafood and live animal market in Wuhan that has since been closed

The virus can spread from person to person. Health officials are seeing this happen most often where people are close together and in health care settings. To date, 16 health care workers have been infected.

The CDC believes that severe acute respiratory syndrome (SARS) and Middle East respiratory syndrome (MERS), two other types of coronavirus, are spread through droplets when someone coughs or sneezes.

Is there a vaccine?

There is no vaccine, but the National Institutes of Health is working on one and hopes to begin testing in several months. That testing would be for safety. If it’s safe, there would be testing to see how well it works.

How is it treated?

There is no specific treatment for the virus. Patients are generally given supportive care for their symptoms, such a fluids and pain relievers. Hospitalized patients may need support with breathing.


Are you in danger of catching the coronavirus? 
5 questions answered :

1. Am I at risk?

Not now, because currently every case of the novel coronavirus is linked to Wuhan.

There are lots of different coronaviruses that group into three types. The common cold can be caused by both alpha and betacoronaviruses.

Coronavirus was never really taken that seriously until 2003, when a coronavirus jumped species – likely from bats to humans via civets – and led to SARS, or severe acute respiratory syndrome. This species-jumping ability of coronaviruses is being observed again, now in Wuhan at the seafood market. This coronavirus is in the betacoronavirus group. China has now put travel restrictions in place to limit spread from Wuhan.

2. What’s the big concern with this virus?

For the novel coronavirus from Wuhan, there is no vaccine, and we’re lacking a specific therapy. So it is key to limit spread through quarantine of infected individuals and by tracing of contacts.

3. What is so unusual about this coronavirus?

This is a coronavirus that has never been seen in humans before. It likely came from bats, and it’s much more serious than the common cold coronavirus. This is only the third time that we’ve seen a coronavirus jump species from animals to humans. The concern is that this coronavirus is going to behave like SARS and MERS, or Middle East respiratory syndrome in 2012, both of which were serious.

4. Do the deaths appear to be among people of a certain age?

Many were in older men with pre-existing conditions.

5. How can I stay safe?

First of all, you need not be concerned about catching this right now. Practice the same precautions that you would to prevent catching a cold. Viruses that cause the common cold are on surfaces of handrails and doorknobs, so wash your hands, use sanitizers and stay home when you are sick.

Read more:


Salute to Wuhan citizens for their sacrifice

Rationality and unity needed in fight against virus

Zhou Xianwang, the mayor of Wuhan, Central China's Hubei Province, where the ongoing spread of coronavirus pneumonia began, said at a press conference on Sunday night that more than 5 million people have left the city because of the Spring Festival and the epidemic. The news came as quite a shock.

Wuhan pneumonia response reflects progress in China's system

More adjustments and improvements are needed in China's governing system. In the Wuhan pneumonia case, is it possible to release information more timely and comprehensively? It will prove to be a test of China's system. But more and more Chinese people believe the system will stand the test and improve itself amid the challenge.

Wuhan pneumonia a wake-up call for basic Chinese research

Time is needed for basic research. But times waits for no one. Any attempt to seek quick success and instant benefits must be avoided. However, it is time for China to increase investment, focus on talent training, team building and policy adjustments in this field.

Virus attracts global efforts

The World Health Organization (WHO) is scheduled to convene a special meeting in Geneva, Switzerland on Wednesday to discuss whether the epidemic caused by a novel coronavirus detected in China and now spreading across the world should be declared a global emergency.

Related posts:

Countdown to the Chinese New Year around the world for the year of the mouse

Tweet #Rightways   https://youtu.be/3JS4eBnDVdw A live countdown to the Lunar New Year (also known as Chinese New Year) for Hong Kon...

Countdown to the Chinese New Year around the world for the year of the mouse

Tweet #Rightways
 

https://youtu.be/3JS4eBnDVdw

A live countdown to the Lunar New Year (also known as Chinese New Year) for Hong Kong, Hanoi, Vietnam, and New York on January 25, 2020.

While most of the world celebrates the New Year on January 1, many people also celebrate the traditional new year based on the lunar calendar. Celebrate as the clock strikes midnight and the new year arrives. Happy New Year from the Youtube Battles community! :)

At the beginning of this year we did a live countdown to 2020 with coverage for all 35 time zones in the world so that everyone could celebrate the moment as the clock struck midnight in their time zone on New Years Eve and the new year began. As the day progressed, the countdown was updated to show the next time zones to hit the year 2020.

Chinese New Year 2020 falls on January 25 | Human World ...

春晚合家欢系列之同一种乡愁 | 订阅CCTV春晚

https://youtu.be/WZ8UHLbCKyI

北京时间1月24日20:00，2020年中央广播电视总台春节联欢晚会将如约而至！锁定CCTV春晚频道，春晚直播等你来看，我们不见不散！ 2020年中央广播电视总台春节联欢晚会直播地址：https://bit.ly/2R6DIOK

Celebrating Spring Festival with KOLs at the CGTN office 四位外国网红齐聚央视大楼喜迎春节

https://youtu.be/ZnIlBlNvO-4

https://youtu.be/RhmmyKiU1Nw

Moderate gains for year of the rat - StarProperty

Chinese people around the world prepare for the year of the mouse

People in Qingdao, East China's Shandong Province pick hangings with Chinese character "Fu (fortune)" at a market on Monday. Photo: cnsphoto

The Chinese Lunar New Year will arrive on Saturday. Chinese people across the country and around the world are preparing to welcome the year of mouse with various traditions.

Chinese people value celebrating the New Year with families.

As of Monday, the national railway has served 12.24 million trips within 11 days since the peak travel season started, a 19.8 percent year-on-year increase. A total of 1,370 temporary trains have been added, China National Radio reported Tuesday.

Traditional conventions in Spring Festival vary across China.

In Chaozhou, South China's Guangdong Province, people march with god sculptures from temples. "The gong and drum band would follow the firecrackers in the march," Chen Aijing, a Chaozhou resident, told the Global Times.

"Each village would have different dates to celebrate. There would be performance for Chaozhou operas and traditional puppet play," she said.

Several days before the New Year day, people in Guangzhou, Guangdong's capital city go shopping in "Flower Street" where one can buy almost anything. On December 28 of the Lunar Calendar, families clean their houses. On the New Year Day, they make rice cakes, according to Zhao Shi, a local resident.

In Wuhan, Central China's Hubei Province, there used to be dragon and lion dances, but the convention has been replaced by a lighting show. "Dried fish, meat and sausages are a must for Spring Festival," a local university student Wu Han said.

Wu interns in Chongli, North China's Hebei Province. Due to the spread of pneumonia in his home city, Wu hesitated whether he would return home.

In the northeastern provinces, people usually stay indoors during the festival due to cold temperatures.

"Watching the Spring Festival gala is a must for us," Lun Yu, a resident from Da-
qing, Northeast China's Heilongjiang Province, told the Global Times on Tuesday. Her big family gathers together on the New Year eve and makes dumplings with fillings of sauerkraut and pork. The dumplings are served on the table right at midnight.

For Chinese living overseas, it is often difficult for them to go home at Spring Festival. Tina Ma, who lives in Melbourne, Australia, decided to visit a friend in Brisbane. "We plan to have a big meal and watch the gala on the internet," she told the Global Times.

Police officers perform traditional dance at a Spring Festival gala in Du'an Yao autonomous county, South China's Guangxi Zhuang Autonomous Region on Sunday. Photo: cnsphoto

Colored lanterns featuring the Red Army displayed in Zunyi, Southwest China's Guizhou Province. Photo: cnsphoto

A child is attracted by holiday decorations at a Spring Festival market in San Francisco. Photo: cnsphoto

A child tries the head decoration of Chakhar clan in Hohhot, North China's Inner Mongolia Autonomous Region at an event to celebrate Spring Festival. Photo: cnsphoto

A man is writing couplets at the National Library of China in Beijing on Tuesday. An Exhibition on folk arts and intangible cultural heritage about Spring Festival kicks off here. Photo: Li Hao/GT

Source link

Spring Festival dinner tables underscore digital advantage

From Norwegian salmon, Bostonian lobsters to Chilean cherries, the dinner tables of Chinese people have never been more globalized in the run-up to the Lunar New Year, the most important reunion time for Chinese families.

What's behind the most important feast for Chinese points to the key to China's economic appeal - the government's opening-up efforts, growing consumer demand for diversified choices and better quality, and a digital economy that helps accelerate the country's consumption upgrading.

As China is shifting toward a consumption-based economy, its rising household consumption and enhanced opening-up to the outside world indicate the great potential of the Chinese market, which attracts attention from foreign companies and exporters.

According to the National Bureau of Statistics, China's retail sales rose 8 percent year-on-year to some 41.16 trillion yuan ($6 trillion) in 2019, with the contribution of consumption to GDP expansion reaching 57.8 percent and remaining the top growth engine for the economy. Moreover, the country's per capita GDP exceeded the $10,000-mark last year. By any measure, there is still plenty of room for China's consumption to grow.

But most importantly, a large-scale digital market has taken shape in China, offering a significant boost to consumption, which may be the biggest difference between China's consumer market and those in other countries. With the upgrading of internet services, the popularization of e-commerce and the change of consumption habits, China's internet generation of consumers have become accustomed to buying all their daily necessities online. Such efficiency and simplicity have greatly encouraged consumption innovations, providing more and better goods and services options for consumers.

In the process of promoting its consumption upgrading, China's digital economy has not just boosted its foreign trade but also offered a lift to the rural economy. According to information from Tmall, it sold 190 million kilograms of agricultural commodities during a shopping campaign in early January this year, with income for each participating farmer increasing by 1,037 yuan.

With the rise of the digital economy, Chinese farmers are also using the tool to expand marketing channels for their output so as to improve the living standards. That's a big difference between China and India. While rural Chinese are embracing the internet and making use of it, Indians in rural regions are resisting the shifts e-commerce will bring, which somehow explains the great vitality in the Chinese economy.

In short, China's economic prowess lies largely in its digital economy, which sees all parts of society connect with one another to generate continuous momentum for the country to maintain strong growth.

 Source link
 

RELATED ARTICLES:

• Lunar New Year Wishes from the Creative English Assessment Winners
• Chinese Consulate General hosts Lunar New Year Gala in New York
• Chinese, South Africans celebrate Chinese Lunar New Year in Johannesburg

Chinese people to celebrate festival despite disease impact

The specter of the Wuhan novel coronavirus hovers over China with at least 544 confirmed cases across the country, and most provinces have reportedly had suspected cases, but due to the approach of the most important festival in Chinese tradition - Chinese New Year - many people across the nation maintained optimistic and will go ahead to celebrate the festival. 

Celebration for Chinese Lunar New Year held in Chinatown of Yangon Celebration for Chinese Lunar New Year held in Chinatown of Yangon

S.Korea's real GDP growth hits 10-year low in 2019

South Korea's real gross domestic product (GDP), adjusted for inflation, posted the lowest growth in 10 years last year, central bank data showed Wednesday. 

S.Korea posts lowest growth in a decade

South Korea's economy expanded at its slowest pace for a decade last year, the central bank said Wednesday.

Chinese economy in good position for future growth: US economist

The Chinese economy is in a good position for future growth as the country is making headway in further reform and opening-up at an appropriate pace, a senior US economist has said. 

Tariff war risk may go beyond economic loss

When US President Donald Trump announced he would be attending this year's World Economic Forum in Davos, Switzerland, many expected a toned-down version of the free trade-bashing Trump, whose tariff ...

Japan media blasts 'cowardly' Ghosn The usually staid Japanese media lambasted the “cowardly” Carlos Ghosn on Wednesday, after the tycoon jumped bail and fled to Lebanon to avoid trial in Japan.

Related posts:

Cutting-edge satellite launched by private Chinese company: GalaxySpace

Tweet #Rightways   Galaxy Space plans to establish a low Earth orbit 5G constellation. Credit: Galaxy Space. China’s most powerful...

China's largest carrier rocket Long March-5 makes new flight; BDS-3 satellite system (GPS) to complete before June 2020, Space Station operational in 2022

China will develop the world's largest rocket, with an altitude of more than 100 meters

https://youtu.be/8w4RGA1JpC0

China's nuclear industry celebrates its 65th anniversary

  https://youtu.be/VMO2o1-79Ho 

 

Can Davos meeting cool brewing world technology war?

The easing of the trade war does not offer sufficient relief to concerns over a potential China-US technology war.

 

Human Rights Watch (HRW) criticism and report of China are a lie, reflect Western elites’ hypocrisy, anti China-rise !

Tweet #Rightways
 

https://youtu.be/BisTR2w9Bqs

https://youtu.be/HSKwA_uDHIw

https://youtu.be/EUF8XYotIfc

HRW’s criticism of China is a lie

US-based Human Rights Watch (HRW) released its World Report 2020 on Tuesday. Kenneth Roth, executive director of HRW, said in his speech that China has launched an assault on the international human rights system.

An NGO as it is, HRW has been openly coordinating with the US on its tough China policy. The organization's funding source and personnel structure have shown it will embed US national interests deeply into its goals. Roth once served as a US federal prosecutor. HRW's extreme antagonism toward China results from his prejudice and political stand.

The organization's main business is global human rights, but it seems it is unfamiliar with human rights conventions and standards under the UN system. The right to development - a human right that the UN stresses the most - is almost completely missed out in the latest HRW's report.

People like Roth are only suitable for talking big in New York's high society. If their interpretation of human rights is examined from the perspective of developing societies and emerging markets, people will easily find they are narrow-minded and paranoid. They are keen to show their sympathy for the lack of human rights in developing societies, but they have no idea what the most important thing is there.

It is acceptable to criticize China. But HRW has been propagating a huge lie by smearing China, a country where modern life has spread rapidly and people's living standards have been greatly raised. HRW has been living in an abnormal atmosphere of public opinion about China.

Have people like Roth ever visited Chinese cities and spoken with ordinary Chinese families? Have they ever been to the shopping malls and streets that have sprung up all over China, and talked with ordinary Chinese people there? Have they left nightclubs and walked back to the hotel at night in China? Is China's human rights system the worst in the world? Are they talking about human rights or the privileges of the very few followers of the US value?

The life span of the Chinese people is becoming longer. Conditions of food, clothing, housing, transportation, education, public health services and provisions for the aged have been improved. Pollution has been effectively controlled. Chinese people have become the main force of global tourism and studying abroad. China's internet is also one of the most developed worldwide. These have formed the basis of the continuing development of China's human rights.

China is different from the US and the West politically. Thus, China has its own characteristics in political participation and governance of public opinion. The Chinese system supports the country's development. Our system does not threaten that of the West and should gain respect from the West.

Some extreme Western political elites have attacked China violently for geopolitical purposes. People like Roth are not really advocating the general advancement of human rights, but are following the needs of US politics. They are tarnishing the great human rights cause of mankind, and should be ashamed of it.

People like Roth should go deep into a huge society like China and really understand what is going on there and what people really care about. The likes of Roth should seriously study the world, not arrogantly represent the world.

Source link

HRW report reflects Western elites’ hypocrisy: analysts

 

Experts attend a side-event on China's human rights protection of ethnic minorities amid the 41st session of the UN Human Rights Council in Geneva, Switzerland, July 2, 2019.

Criticizing China for "suppressing" human rights is the card that the West has been playing for decades. This reflects the hypocrisy and deep ignorance of arrogant Western elites who cannot give an objective assessment of other countries' situations, analysts said on Wednesday, in response to the latest report of nongovernmental organization (NGO) Human Rights Watch which deemed China as a global threat to human rights development.

In its 335-page World Report 2020, the New York-based NGO claimed that China is now a global threat to human rights. Kenneth Roth, executive director of HRW, claimed that the country is also using its "growing economic clout to silence critics and to carry out the most intense attack on the global system for enforcing human rights since that system began to emerge in the mid-20th century."

Roth was banned from entering Hong Kong on Sunday, about a month after the HRW was sanctioned by the Chinese central government for their "horrible activities" in instigating the months-long riots in the Hong Kong Special Administrative Region (HKSAR).

The NGO, which claims it does not receive funds from the government, releases human rights reports every year, evaluating the global system for protecting human rights. However, many of its officials and members are former US federal government officials, and the NGO has been using its right to speak to export the ideological tendency, Chinese analysts said.

"To judge other countries at will by ignoring the facts is their way of doing things," an analysts close to a government-related think tank who preferred not to be named, told the Global Times on Wednesday.

Meanwhile, another NGO, Freedom House, said in its latest report that Chinese media's overseas expansion posed "serious implications for the survival of open, democratic societies."

Rioters set up barricades on streets to block traffic in Hong Kong on Jan. 1, 2020. (Xinhua)


Long-term ignorance

The Chinese Foreign Ministry said on Wednesday that HRW's China-related remarks, including its report, are devoid of facts and paint white as black, and that there is no need to discuss it.

"These two organizations have been viewing China from distorted views for a long time. Their China-related comments always ignore facts with no objectivity," Geng Shuang, spokesperson of Chinese Foreign Ministry, said at a routine press conference.

"The state of the human rights situation in China is in the best of times," he noted.

Some China-related topics HRW highlighted in its 2020 report have appeared in previous reports, including criticism over so-called repressions of Uygur people, tightening controls on freedom of expression and the erosion of HKSAR's freedom. Also, HRW has always been enthusiastic about criticizing other countries and regions as well as paying close attention to topics on juridical fairness, racial discrimination, extortion, and confessions by torture.

Its 2020 report has also adopted the same biased way of depicting "old stories" with new arguments. For example, in the Hong Kong chapter, HRW claimed that a large number of protesters acted peacefully, but the police used excessive force by intentionally ignoring the legitimacy of police law enforcement.

This is not the first time HRW pointed its finger at other countries' internal affairs, coming up with reports filled with biased views and false evidence. It ignored cases of police beating African-Americans to death in the US or the infamous abuse of detainees at the Guantanamo Bay detention camp, according to a letter jointly released in May 2014 by more than 130 scholars, mostly from the US, criticizing the HRW. Singapore's Ministry of Law also refuted the NGO criticism of proposed fake news laws in 2019 in Singapore.

The letter, calling on HRW to close its revolving door to the US government, noted that many members of the HRW are former CIA agents and former US officials. The organization's standard on human rights is in accordance with US diplomatic policies and interests, thus damaging its credibility and independence.

"It also reflects the lack of oversight of NGOs in international law. For example, what criteria does HRW use to evaluate human rights in other countries?" the analyst said, noting that it seriously undermines the joint efforts of other countries in the field of human rights.

A rioter starts a fire on a Hong Kong street corner. Photo: Cui Meng/ GT


Politically driven

Chinese analysts also noted that the funding and membership of the NGO linked it close to the US government, although it claims to be nongovernmental, and its goal is to work for the country's national interests.

A graduate of Yale Law School and Brown University, Roth used to serve as a federal prosecutor, whose perception of China's human rights is embedded with hostility and political bias.

"They've been watching and criticizing other countries based on their understanding and idea of the West's concept of human rights. China has its own human rights concept, formulated on our social, economic and cultural background. But the Chinese concept was often disregarded by those NGOs," another anonymous expert told the Global Times on Wednesday.

Human rights include, first and foremost, the right to life, subsistence and development, the Xinhua News Agency said in a commentary in 2019. When HRW criticized China's Xinjiang policy, it turned a blind eye to the region, which used to fall victim to violent terrorist attacks that has killed innocent people but has been developing into a peaceful and prosperous place.

Its perception of China's human rights status also reflects the hypocrisy and arrogance of provocative Western elites, analysts said.

Though these NGOs claim to be politically neutral, it is impossible for them to completely ignore the political background and stance of Western countries, He Zhipeng, a professor of international human rights and legal education at Jilin University in Northeast China, told the Global Times.

"They usually take Western culture as the basis or ideological fortress, and always stand on the basis of the Western human rights ideology to observe and criticize other countries, while China's socio-economic and cultural background is often unheard in their investigation," he said.

Wang Yabin contributed to the story

 Source link

RELATED ARTICLES:

• HK ban on HRW head ‘fair, reasonable move’
• Barring HRW head from HK entry ‘a reasonable decision’: analysts 

Related posts:

'We lied, we cheated, we stole', ‘the Glory of American experiment’ by US Secretary of State/Ex-CIA director Mike Pompeo 

 

Hong Kong youth deceived by West: ‘I go to Yale, you go to jail’ mocks agitator followers

Inside America's Meddling Machine: NED, the US-Funded Org Interfering in Elections Across the Globe  https://youtu.be/NzIJ25ob1aA

US Uyghur law 'sabotages stability in Xinjiang' while China Fighting the Terrorism, justify Xinjiang policies!

The Black Hand - ETIM and Terrorism in Xinjiang, American human rights, freedom and democracy condemned

 

US's ‘Support Hong Kong Violence Act’ condemmed

 

Who is messing with Hong Kong?

A rioter waves a US national flag in Tsim Sha Tsui district in Hong Kong on August 11. Photo: AFP

Cutting-edge satellite launched by private Chinese company: GalaxySpace

Tweet #Rightways
 

Galaxy Space plans to establish a low Earth orbit 5G constellation. Credit: Galaxy Space.

China’s most powerful low-orbiting communication satellite, also the biggest spacecraft ever built by a private Chinese company, was launched in Northwest China.

The GalaxySpace 1, designed and built by the Beijing-based startup GalaxySpace and launched yesterday, is also widely considered the country’s first 5G-capable satellite.

The 200kg satellite was lifted at 11.02am atop a Kuaizhou 1A rocket from the Jiuquan Satellite Launch Centre in the Gobi Desert, according to a statement by GalaxySpace.

It has a transmission capacity of 10 Gigabits per second and uses multiple bands such as Q/V and Ka, the company said.

China has been going all-out to boost and promote 5G communication technology, regarding it as one of the major driving forces for future social and economic development.

China lofts 4 satellites into orbit with its second launch of 2020 ...

China launches Yinhe-1 commercial low Earth orbit 5G satellite

Liftoff of the Kuaizhou-1A light solid rocket from Jiuquan at 10:02 p.m. Eastern Jan. 15 carrying the Yinhe-1 5G satellite. Credit: CASIC

China sends six satellites into space with a single rocket

https://youtu.be/kTZn0J3Wrws

China's first private WiFi satellite meets the public
https://youtu.be/k50uXMToQr0

Nation soars ahead with space missions-Redne

https://www.chinadaily.com.cn/a/202001/13/WS5e1bb74aa310cf3e3558406c_1.html

Related posts:

  China's largest carrier rocket Long March-5 makes new flight; BDS-3 satellite system (GPS) to complete before June 2020, Space Station operational in 2022

 

https://youtu.be/BEx6oQhx6Sc 

 

Washington’s unsustainable deficit hangs over global economy

Tweet #Rightways
 

With the widening US budget gap, it is no longer a secret that such a high level of federal spending is unsustainable and the resulting debt burden has become a worry for the global economy.

According to data from the US Treasury Department, the federal budget deficit went on the rise in 2019, hitting $1.02 trillion and marking the first calendar year the deficit has exceeded $1 trillion since 2012. Given the country's tax revenues, government spending is obviously on an unsustainable path. While total government receipts grew 5 percent in 2019, federal spending increased at a faster pace of 7.5 percent.

More worryingly, as the economy slows amid headwinds, it is basically impossible for the US government to make ends meet by raising tax revenues. So based on the current trend, it will probably become a norm for the annual federal deficit to top $1 trillion in the future.

Undoubtedly, massive fiscal deficits will prompt a steady rise in public debt. According to data released by the Treasury Department on November 1, the US national debt surpassed $23 trillion for the first time in history. The figure is equivalent to about 110 percent of the country's GDP.

Of course, it should be acknowledged that US Treasury bonds are still considered safe-haven assets in the current uncertain global markets as they are seen as secure due to their strong ratings. Treasury securities held by foreign holders amounted to $6.78 trillion as of the end of October 2019, up $580 billion compared with a year earlier, according to Treasury data issued on December 16, 2019.

In the meantime, however, the share of US debt held by foreign holders has fallen from a peak of 34.1 percent in July 2012 to about 29 percent today. The decline also reflects the accelerated expansion of US debt issuance.

So far there is no sign of any sort of sustained plan for narrowing the US deficit to at least rein in its debt expansion. Nor does the government show any sign of urgency on this issue. Maybe the only response from the Trump administration is to pressure the Federal Reserve to cut rates, a move that could help lower its interest payments on debt and devalue its currency to ease the debt burden.

Such surge in irresponsibility could be attributed to two factors - its high creditworthiness and the financial supremacy of the US dollar. Since a collapse of the US economy may cause an economic disaster around the world, the US government could be better off counting on the world to pay the bill.

Sadly, there is no way out under the current circumstances, and the only hope now is that Americans will take some concrete measures to reverse the trend before a debt crisis truly breaks out.

Source link


Related post:

 

US gains limited from changed China policy

Tweet #Rightways   The year 2019 has been one in which US sought to reconstruct its relations with China. First, the US reset the...

 

RELATED ARTICLES:

US debt problem almost out of control

US stocks kicked off the New Year by reaching fresh record highs, but that doesn't obscure the urgency of America's debt problem or the threat to its economy. Compared with ...

Can the US be trusted to end unilateralism with China?

Despite the optimism surrounding the expected signing of the phase one trade deal between China and the US, there has been growing skepticism over how far the deal could go .

US drops currency manipulation charge against China

The United States has dropped its designation of China as a currency manipulator, according to a report from the US Treasury Department released Monday. 

Yuan soars as the US reverses China’s currency manipulator label

on Tuesday morning as the US reversed its label on China as a currency manipulator days before the two...
 

• China-US trade deal to bring certainty to business climate: Lenovo CEO
• Chinese Vice Premier Liu He arrives in Washington DC for China-US 'phase one' trade deal
• Expectations for trade deal should be kept realistic
• China, US move to normalize trade
• Phase one deal serves as roadmap for China-US ties
• Volatile US politics feeds global instability

• Volatile US politics feeds global instability

  US presidential election in 2020 is a referendum on the performance of Trump's four-year presidency. Americans will make the judgment by their votes. In November, the election result will tell the world which path the US will take and what it means for world peace and stability
  

   

  Signing phase one deal just a new beginning

  After much speculation about the signing of the phase one trade deal between China and the US, Beijing announced on Thursday that Vice Premier Liu He will lead a delegation
• Intl cooperation enhances China's role in net connectivity, safeguarding cyber sovereignty Russia's unplugged test is not a defense measure to close itself, but a tactic to strengthen global network integration so that it will not be used by the US for