Monthly ArchiveFebruary 2019

Alipay updates anti-fraud functionsscans a quick response

Alipay, the country’s top mobile payment platform, announced on Tuesday a major anti-fraud u

pgrade on its application by teaming up with 26 public security departments nationwide.

The new function, dubbed “Security Guard”, allows users to set up related accounts among f

amily members or close friends. Should any abnormalities on transactions occur, the system would send

out alerts to all related accounts in order to prevent the fraud from materializing and minimize loss of funds.

“Security is the lifeline of Alipay, and we hope to fight fraud in a manner as harsh as dru

nk driving,” said Rui Xiongwen, vice-president of Ant Financial, Alipay’s parent company.

Alipay users can choose to delay payment for two hours or 24 hours and raise an alert

on the platform if they deem such transactions potentially misdirected or fraudulent.

The system has been linked to local public security authorities to help freeze any transaction

s in doubt. The money will be credited back to the user’s account if authorities determine fraud has been committed.

A number of local anti-fraud centers in cities like Beijing, Shanghai and Shenzhe

n also pledged to cooperate with Alipay on financial security education and anti-fraud alarming systems.

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Samsung Fold looks not so perfect from the outside beca

ause the camera must not be covered during the folding, while the battery is also thicker. Huawei Mate X looks better, but its display is not protected as well as that of Samsung Fold and faces higher risk of breaking should the phone be dropped.

The two share one thing in common, namely a high price — Both are rather expensive. The Samsu

ng Fold is priced at $1,980 while the Huawei Mate X is priced at 2,299 euros ($2,606). The high price will

quite seriously limit the marketing of the two products and make them the luxuries of rich people only.

According to our analysis and market forecasts, in 2019, the number of f

oldable smartphones and tablets sold globally might reach 900,000, which might do

uble in 2020. As a comparison, people globally bought 1.4 billion smartphones in 2018. In a word, unless its cost fall sh

arply, the market for foldable smartphones will be limited for the foreseeable future.

Yet both Huawei and Samsung have invested huge resources in the research, publicity, and mark

eting of foldable smartphones. There are two main causes for that. First, smartphones are already so

developed that there is hardly any new space for innovation. The iPhone 4 miracle of Steven Jobs can hardly be re

peated in the near future, so both companies need to show the world that they are innovating.

Second, foldable displays need special materials that are quite scarce i

n the market, so neither of the two companies can afford to wait for the other to rise. B

oth need to keep the market in a balance so as to ensure its own share of products.

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In a major scandal last year, Changchun Changsheng Life

Sciences, a vaccine producer in Changchun, Jilin province, faked production records and used expired material for the production of rabies vaccines over the past four years.

The company was ordered to suspend production, and senior executives

were detained and face criminal charges. The company was ordered to pay fines of 9.1 bi

llion yuan ($1.3 billion) for violations, one of the heaviest fines imposed on a pharmaceutical company over the past few years.

Following the revelations, top officials vowed harsh penalties and reform of the vaccine super

vision system to eliminate loopholes. A new law on the management of vaccines was drafted for review.

Fang Laiying, former head of the Beijing Municipal Health Commission, said he has faith in the overall safety of drugs in Chi

na, but individual cases involving violations of the law can tarnish the image of the whole pharmaceutical sector.

“The government is intensifying its efforts in cases involving violations of drug safety laws, including severely puni

shing criminals and setting up strict accountability systems to improve supervision of the sector,” he said.

Gao, the CDC head, said major infectious diseases such as dengue fever and AIDS will continue to be the priority in disease prevention and control this year.

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The same tactic has also been used within the United State

  said Van Jackson, a former Defense Department official in the Obama administration.

  ”Historically, there have been many — I know of half a dozen instances myself personally — where senior North Korean officials were brought around and shown what capi

talist industrialism looks like. They were shown what the stock market floor looks like on the New York Stock Exchange, or they were brought out to so

me tech lab in Silicon Valley,” said Jackson, author of “On the Brink: Trump, Kim, and the Threat of Nuclear War.”

  ”We’ve shown them what capitalism looks like … the idea that they will see something in Vietn

am physically that triggers something different than what we’ve shown them before is kind of non

sense.”There’s something for both Washington and Pyongyang to like when studying the US-Vietnam relationship.

  For North Korea, it’s an example of a single-party communist country that reformed its economy without democr

atizing. For the United States, it’s an example of how to redefine a relationship and make a buck at the same time.

  In 1995 — the year Hanoi and Washington normalized relations — US exports to and imports from Vietnam were

worth just $252 million and $199 million respectively. However in the first 11 months of 2018, the US exported more th

an $8 billion worth of goods to Vietnam and imported goods worth $45 billion, according to US Census figures.

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Critics of the Trump administration’s unconventional North

  Korea policy have assailed the President and his advisers for failing to get the North to agree to anything specific at

their June meeting — the first between a North Korean leader and a sitting US president — in Singapore.

  The US contends that talks have brought the two sides back from the brink of war and created an unprecedented opportunity to cut a deal.

  A handful of analysts believe there is an agreement to be had but question whether either side has the flexibility to compromise.

  Trump touts trust with Kim in TV interview

  ”So far, the negotiations have reduced tensions for a year and slowed the advancem

ent of the arsenal marginally. The trick now is to make those limits permanent and to make th

em strict limits,” said Adam Mount, an expert in nuclear deterrence at the Federation of American Scientists.

  Lee, the former AP Pyongyang bureau chief, likens Trump and Kim’s next meeting to a chess match. The first su

mmit helped establish a “leader-level relationship,” but Hanoi will be time to move beyond smiles and pleasantries.

  ”They (US) need to go into this next summit prepared and having done their homework,” she said.

  ”I know how tough the North Koreans are, and if you don’t understand the history and the motivations of the No

rth Koreans, it’s very easy to be swayed by the propaganda and the drama of the moment.”

ozsnl.cn

He called on the country to go along with the general

  development trend of relying more on innovation, creation and creativity to foster a change in the structure and quality of financial services.

  When it comes to the support of financially-strained private enterprises, he said that

market laws shall be respected more and that targeted financial services are needed.

  Private firms who are temporarily in difficulties but engage in businesses that match well with the national industrial development plans or focus on the real eco

nomy, possess leading technologies and enjoy an advantage in the market shall be prioritized, he said.

  ”The healthy development of the real economy is the foundation to prevent and defu

se risks,” he said, adding that risk prevention must be based on steady economic growth.

  He said that the counter-cyclical adjustment roles of fiscal and monetary polic

ies must be strengthened so as to ensure the Chinese economy could run at a reasonable growth range.

  ”Risk prevention must be done in a way that can push ahead high-quality economic development,” he said.

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Mine accident leaves 21 dead, 29 hurt in Inner Mongolia

  An accident at a coal mine in Inner Mongolia that claimed 21 lives and injured 29 was c

aused by a brake glitch that forced a vehicle to go out of control and hit a ramp, according to local authorities.

  The accident occurred at about 8:20 am on Saturday at a mining company in North

China’s Inner Mongolia autonomous region, when a vehicle was transporting 50 workers to the mine.

  The cause of the accident is under investigation. All 29 injured were rushed to hospital and were in stable condition.

  Fu Jianhua, vice-minister of emergency management, arrived at Inner Mongolia

at 22:00 pm on Saturday with a team to supervise the rescue and investigation work.

  An emergency center which included four working teams for medical service, security and safety was set up.

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Extended talks raise hopes there’s a deal in the offingChi

The extending of the talks between China and the United States to resolve their trade and econo

mic frictions will hopefully give substance to the optimism expressed by both sides that they can reach a deal.

US President Donald Trump, senior US officials, and Vice-Premier Liu He, the special envoy of President Xi Jinping, who is h

eading the Chinese delegation, all expressed the belief on Friday that the two sides have made significant progress to

ward reaching a comprehensive agreement that will put an end to the current trade standoff.

It is to be expected that the discussions at this stage will be the toughest test ye

t for the two teams of negotiators, and their task is not one to be envied. However, the un

scheduled two-day extension to their discussions indicates that tangible headway is being made in their joint effo

rts to find a mutually acceptable way to resolve their differences and put an end to their quarrel.

Given what was said on Friday, it seems the talks have gone more deeply and ext

ensively into the bilateral relationship than either side initially anticipated. As US P

resident Donald Trump observed, “we’re covering things that we didn’t even know we’d be covering.”

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Flight inspections at new Beijing airport complete ddays early

  Beijing’s new international airport finished its flight inspections on Sunday, 19 days ahead of schedule, according to the civil aviation authority.

  At 10:20 am, an aircraft taking off from Beijing Capital Internation

al Airport in the northeastern part of the city landed smoothly on the northern run

way at Beijing Daxing International Airport. The Civil Aviation Administration’s North China Regional Bu

reau called the event a “successful completion” in a news release, referring to its series of flight inspections.

  The inspections, which lasted for 34 days, started on Jan 22 and were suppo

sed last until March 15 to cover the airport’s four runways, six landing systems, lighting facilities and other services.

  Flight inspections, which all airports must undergo before opening, are designed to ensure the airport’s flight pro

cedures and aviation navigational aids will be ready for operation, according to the news release.

  Daxing airport is scheduled to be completed by June 30 and enter commercial operation before Sept 30.

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UK Prime Minister Theresa May has repeatedly rejected exte

  Article 50 — the legal process under which an EU member state can leave — and refused to rule out a no-deal Brexit.

  The UK Parliament is due to debate the divorce again on Wednesday when May is expected to update lawmakers on any pr

ogress made in talks with European counterparts on the divisive issue of the Northern Irish backstop.

  This weekend she will meet European Council President Donald Tusk on the margins of

the EU-League of Arab States Summit in the Egyptian Red Sea resort of Sharm el-Sheikh.

  Three Conservative MPs have quit Theresa May’s party over Brexit

  By Eliza Mackintosh, CNN

  Updated 1619 GMT (0019 HKT) February 20, 2019

  Ex-Conservative MPs Heidi Allen, second left, Anna Soubry, center, and Sarah W

ollaston, right, arrive for a press conference in Westminster in London on Wednesday.

  Ex-Conservative MPs Heidi Allen, second left, Anna Soubry, center, and Sarah

Wollaston, right, arrive for a press conference in Westminster in London on Wednesday.

  (CNN)Three lawmakers walked out of UK Prime Minister Theresa May’s Conservative party on Wednesday, joini

ng a new group in Parliament that has blown up the British political landscape in less than three days.

  The trio’s dramatic decision to join a group of eight independent MPs, who split fro

m the opposition Labour Party earlier this week, caused consternation at Westminster. They

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