‘Countryside house’: Michelin-starred Restaurant JAG moves to bigger, brighter space at Robertson Quay

Gone are the starched tablecloths and upholstered chairs – the new JAG is a much homier space. “To celebrate vegetables, we wanted to build something that feels like a garden house – wood, rattan, greenery, natural light, with a touch of elegance,” like the feeling you get when you visit houses in the countryside two hours’ drive out of Paris, Gillon said.

Gillon himself was born in Normandy and in his fond recollections of his grandmother’s traditional dishes, it’s always the vegetables that stand out. In her pot-au-feu, for instance, the carrots, onions, celeriac, parsnips and Jerusalem artichokes hold the most memories for him. “I have the recipe, but I can never make it the same,” he said.

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South China Sea: Biden says US will defend the Philippines if China attacks

China Philippines boat collisionReuters

US President Joe Biden has warned China that the US will defend the Philippines in case of any attack in the disputed South China Sea.

The comments come days after two collisions between Filipino and Chinese vessels in the contested waters.

Mr Biden reiterated his “ironclad” defence commitment to the Philippines.

Manila has contested Chinese claims to the waters, cutting floating barriers and inviting media to film what it calls Beijing’s dangerous moves at sea.

Mr Biden’s statement on the South China Sea on Wednesday was his strongest since tensions between Beijing and Manila heated up in recent months.

“I want to be clear — I want to be very clear: The United States’ defence commitment to the Philippines is ironclad. The United States defence agreement with the Philippines is ironclad,” he said.

Signed in 1951, the Mutual Defense Treaty binds the US and the Philippines, its former colony, into defending each other in the event of an armed attack.

“Any attack on the Filipino aircraft, vessels, or armed forces will invoke our Mutual Defense Treaty with the Philippines,” he added in his speech an the White House on Wednesday, as he welcomed Australian Prime Minister Anthony Albanese.

On Sunday, the Philippines said China’s “dangerous manoeuvres” had led to a collision between a China coast guard ship and a Filipino supply boat in an area that falls inside the Philippines’ Exclusive Economic Zone (EEZ). In a separate incident, Manila said a Chinese militia boat “bumped” a Philippine coast guard vessel.

The Filipino boats were on their way to a crumbling navy warship that Manila has marooned at the Second Thomas Shoal to reinforce its claims.

The Philippines’ defence minister, Gilberto Teodoro Jr, said the Chinese boats “intentionally hit” the Philippine vessels and accused China of “distorting the story to fit its own ends”.

Mr Biden echoed these claims, saying the Chinese vessels had “acted dangerously and unlawfully” when the collisions happened.

Joe Biden

Reuters

The Philippines is an important strategic ally of the US as it borders two potential flashpoints in the Pacific – the South China Sea and Taiwan.

Since President Ferdinand Marcos Jr took office in June 2022 and revived the Philippines’ alliance with the US, Filipino authorities have become more aggressive in contesting China’s actions in the South China Sea.

Mr Marcos’ foreign policy is a reversal of the pro-China stand taken by his predecessor, Rodrigo Duterte, who was criticised for not doing enough to counter Beijing’s aggression in the South China Sea.

Duterte refused to invoke Manila’s legal victory against China in an international tribunal, that said Beijing’s vast claims to almost the entire South China Sea is unfounded.

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Tai chi may slow Parkinson's symptoms for years, study finds

Women practising tai chi outdoorsGetty Images

Tai chi may help slow down the symptoms of Parkinson’s disease for several years, a Chinese study suggests.

Those who practised the martial art twice a week had fewer complications and better quality of life than those who didn’t, the researchers say.

Parkinson’s is a progressive brain disease which leads to tremors and slow movement, and there is no cure.

Experts say the findings back up previous studies on the benefits of exercise for those with Parkinson’s.

The study, from Shanghai Jiao Tong University School of Medicine, monitored the health of hundreds of Parkinson’s patients for up to five years.

One group of 147 people practised regular tai chi while another group of 187 did not.

The traditional Chinese exercise combines slow, gentle movements with deep breathing and relaxation.

The charity Parkinson’s UK describes tai chi as a low-intensity physical activity that can “help to lift your mood and help you live well”.

The researchers found that the disease progressed more slowly in the tai chi group on measurements of symptoms, movement and balance.

This group also saw fewer falls, less back pain and dizziness, with memory and concentration problems also lower than in the other group.

At the same time, sleep and quality of life continuously improved.

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Tai chi moves for beginners

Examples of tai chi moves for beginners

Do it yourself – Carrying the moon:

  • Breathe in, turn your body towards the left from the waist
  • Your shoulders are relaxed and your elbows slightly bent
  • Now reach both arms towards the left with your head focusing on your hands
  • Breathe out, bring hands down. Turn to right and repeat

Do it yourself – Twisting waist and push palms:

  • Breathe in, draw palms to the waist facing upwards
  • Breathe out, turn your body to the left at the waist. Keep the left elbow and wrist slightly bent and draw the elbow back
  • At the same time, extend the right arm forward and push with the right palm facing forward (as if you are trying to stop traffic)
  • Breathe in, return to the middle and spread your weight evenly before turning to the right, drawing your right arm back and extending your left arm with your palm facing forward.

2px presentational grey line

A previous trial of people with Parkinson’s who practised tai chi for six months found greater improvements in walking, posture and balance than those not on the programme.

Writing in the Journal of Neurology Neurosurgery & Psychiatry, Dr Gen Li and co-authors say their study shows “that tai chi retains the long-term beneficial effect on Parkinson’s disease”.

They say tai chi could be used to manage Parkinson’s on a long-term basis and prolong quality of life, while still helping to keep patients active.

But they also acknowledge that the study is relatively small and could not prove that tai chi was the reason for the positive outcomes experienced by one group.

‘Positive effects’

Prof K Ray Chaudhuri, professor of movement disorders and neurology at King’s College London, said: “It is too early to claim any neuroprotection based on this study, although the positive effects on aspects of motor and non-motor functions are impressive.”

He said ballet had also been found to have similar effects on Parkinson’s.

Prof Alastair Noyce, professor in neurology and neuroepidemiology at Queen Mary University of London, called it “an important study” but said there were limitations in its design, and more trials were needed.

“We already recommend tai chi, as well as other forms of exercise, but understanding which forms of exercise are most beneficial is an important goal to enhance the long-term management of patients,” he said.

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Resistance rising to Widodo's dynasty dream

JAKARTA- An investigation into the main fairness of Indonesia’s Constitutional Court has been launched into his failure to withdraw from office in a new decision that made it possible for his nephew and the son of President Joko Widodok to work as vice presidential candidates in the upcoming presidential election in February.

Chief Justice Anwar Usman and other justices, who ruled that elected officials can run for president and vice president regardless of age, have been the subject of complaints from a number of civil society organizations, including the Indonesian Legal Aid and Human Rights Association( PBHI ).

Days after the ruling, Prabowo Subianto, a presidential candidate and defense minister, chose Widodok’s eldest son, 36-year-old Solo town mayor Gibran Rakaburning, as his running mate in what is likely to be an intense race against Ganjar Pranowo, the leader of the Indonesian Democratic Party, for the Struggle ( PDI-P ) candidate.

Even members of Prabowo’s personal three-party alliance are uneasy about the way Gibran was forced into the role in what critics allege is an effort to secure a Widoo kingdom before his two-term presidency expires in October of next year.

Since beginning his political career, PDI – P head Megawati Sukarnoputri has resisted expelling Gibran from the ruling group to which he belonged. This is ostensibly to prevent an earlier fight with Widoo and to prevent gaining pity for his son.

However, the majority of researchers think that as the nation approaches election day and pressure mounts on Widodok to abandon his efforts to uphold disinterest, open conflict between the two political heavyweights is unavoidable.

In the Valentine’s Day election the following year, which also features opposition candidate Anies Baswedan, who is still polling in third place, Prabowo sees the very famous president of the United States’ support as crucial to defeating Pranowo. & nbsp,

Anwar Usman( center ) is seated in a hot seat in court. Twitter Screengrab photo

Usman did withdraw in one complaint, in which the judge rejected requests to lower the age of political and vice presidential candidates from 40 to 36. However, he later joined the majority of magistrates in a contradictory voting that removed the age restriction from elected officials.

Legal experts were perplexed by the highest court in the nation’s appearance, which described the electoral law change as ridiculous, unrealistic, and only advantageous to Gibran.

According to Political Coordinating Minister Mahfud MD, Pranowo’s vice presidential candidate and former Constitutional Court key justice himself,” a judge does not handle a situation that involves their personal interests ,” as well as those of their family members, friends, or political friends.

Mahfud asserted that the Constitutional Court’s primary responsibility was to repeal laws and regulations that are in conflict with the national contract, not to enact new laws, a rule the current bench upheld by refusing to reduce the candidacy age.

Following a bribery scandal that resulted in the release of brother jurist Patrialis Akbar and severely damaged the reputation of an institution that had previously performed with comparative distinction, Usman, 66, was elected to his present position in 2018.

He and two other justices are appointed by the political branch, with three being chosen at the president’s discretion and the Supreme Court at its discretion. Presidential approval is eventually needed for all of the appointments.

Three decades after her first husband’s stroke-related death in May 2022, the Bima, a native of West Nusa Tenggara, wed Idayati, Widodok, as her sister-in-law. At the time, Mahfud felt compelled to clarify:” The chief court’s plan to get married contains neither a legal nor an honest violation.”

The Constitutional Court has today established a three-person respect committee to oversee the work of the nine judges in an effort to increase public trust. Legal sources, however, assert that it will only be able to censure the magistrates on moral grounds and no overturn court rulings.

Former attorney general Marzuki Darusman told Asia Times,” The assumption is that they will just receive a light tap on the forearm.” It won’t be a preventative figure, I assure you.

The new council is made up of top democratic determine Wahiduddin Adams, Bintan Saragih, a former member of the court’s morality committee, and the well-known Jimly Asshiddiqie, who presided over the first Constitutional Court between 2003 and 2008.

However, it will need to demonstrate itself to a dubious constitutional community that is obviously unsure of its capacity to effectively address public concerns about the judge’s actions.

The court will play a vital role in resolving any disputes resulting from the upcoming presidential and parliamentary elections, which are likely to be more contentious than common, in addition to addressing legal issues.

The eldest child of Indonesia’s President, Joko Widodok, is running for office in Surakarta, Indonesia, in January 2020. Asia Times Files, AFP, and Dika

Because Asshiddique actively supports Prabowo’s political campaign and notes that he and the defence minister have been friends since they were younger, reviewers are troubled by this.

After his visit, Asshiddique told newsmen,” I’m not a group member and I haven’t been one in the past.” However, I have backed Prabowo for the presidency.

He does have a close relationship with Prabowo’s Great Indonesia Movement Party( Gerindra ) through his son, Robby Asshiddiqie, who serves as the party deputy secretary general, according to those concerned about potential conflicts of interest.

According to Yansen Dinata, executive director of the Public Virtue Research Institute( PVRI ), it is difficult to hope for a fair decision if there is political disagreement among election participants given the Constitutional Court’s current state and the makeup of its honor council.

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Why Australia should trade way more with Taiwan

Yet as Canberra continues to be the focal point of Beijing’s economic coercion and loosens, industry growth andnbsp, & nbsp,

The Anthony Albanese administration has enthusiastically resumed father Scott Morrison’s initiative to increase American exports to more areas in order to counteract perceived over-reliance on China.

Trade Minister Don Farrell has presided over the implementation of free trade agreements with nbsp, India, the UK, and the United Kingdom in just under 18 months in the portfolio. He has also pushed for improvement in conversations with the European Union. & nbsp,

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership ( CPTPP ) has been joined by the United Kingdom, and Australia’s free trade agreement with ASEAN and New Zealand is being upgraded andnbsp.

Despite these commerce victories, Australia also has a significant Taiwan-shaped hole in its efforts to lessen its reliance on China for exports. Australia’s fourth-largest export location for goods was the Taiwanese economy, which in 2022 sucked in a massive AU$ 30 billion( US$ 19.1 billion ) worth of American goods. & nbsp,

It was more than twice as important as New Zealand and nearly ten times more profitable for American products exporters than the United Kingdom, surpassing actually India and the European Union.

About 40 % of Australia’s total goods exports to the 10 part express ASEAN sector, which has 667 million residents, go to Taiwan, where there are only under 24 million people.

Representatives of members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership trade deal in March. Photo: Reuters / Ivan Alvarado
staff of the Trans-Pacific Partnership trade agreement’s Comprehensive and Progressive Agreement. Agencies in the image

This does not imply that Australia may downplay or reject the significance of free trade agreements with countries like the United Kingdom, the European Union, and India.

Given the size and wealth of the European Union and the Indian markets, as well as the stupendous & nbsp, growth potential, of each, the trade agreements with the latter are likely to have the greatest long-term benefits for Australian exporters.

However, if pursuing a bilateral trade deal with the United Kingdom or bringing it into the CPTPP is worthwhile for Australia, then there is strong monetary evidence in favor of doing the same with Taiwan, an export industry that is significantly more significant for Australians. When examining the overall state of Australia’s industry ties, this Taiwan oversight is especially striking.

Despite shared membership of the World Trade Organization and Asia – Pacific Economic Cooperation ( APEC ), Taiwan is conspicuously absent from Australia’s free trade agreements. Of Australia’s & nbsp, top 10 export destinations & nbsp, in 2022, Taiwan was the only one in which Australian exporters didn’t enjoy the benefits of either a bilateral or regional free trade agreement.

Real, Australia’s exports to Taiwan by worth are dominated by & nbsp, energy and nutrients, which don’t experience higher taxes. But with agricultural imports to Taiwan subjected to average tariff rates of nearly & nbsp, 16 %, a free trade agreement would give Australian primary producers a competitive edge in one of Asia’s & nbsp, wealthiest & nbsp, consumer markets. & nbsp,

Given that it was Australia’s & nbsp, wine growers & nbsp, and & nbsp, lobster fishers & nbsp, that suffered most at the hands of & nbsp, China’s economic coercion, there is a powerful case for gaining better access for Australian agricultural products in reliable export markets like Taiwan.

Regardless of the financial logic, any force for freer trade with Taiwan can’t leave the boundaries of geography.

Getting Taiwan into the CPTPP will probably remain an implausibly long shot given Beijing’s & nbsp, competing bid & nbsp, and & nbsp, opposition & nbsp, to Taipei joining combined with the trade pact’s & nbsp, consensus – based & nbsp, accession process. & nbsp,

But that still leaves opened the option of pursuing a much more reasonable diplomatic free trade agreement with Taiwan. With Australia already Taiwan’s & nbsp, seventh – largest & nbsp, trading partner, this is an option that Taipei & nbsp, also supports.

Having & nbsp, pressured Canberra & nbsp, out of its previous plan to negotiate a free trade agreement with Taipei during the Malcolm Turnbull government, Beijing would oppose moves to formally liberalize trade.

Although & nbsp, Singapore & nbsp, and & nbsp, New Zealand & nbsp, already have free trade agreements with Taiwan, these were signed in 2013 when the more Beijing – friendly Nationalist government was in power and when China wasn’t trying so hard to & nbsp, internationally isolate & nbsp, Taipei. & nbsp,

Despite good criticism from Beijing, the Albanese government doesn’t permit its deal access agenda to get held hostage to Taiwanese government concerns. Not least because Beijing’s enthusiasm for & nbsp, relationship repair & nbsp, probably gives Canberra more license to take positions that China doesn’t like.

Marriage maintenance: Australian Prime Minister Anthony Albanese and Chinese President Xi Jinping meet and greet at the Bali G20 Summit on November 15, 2022. Photo: Instagram

Since mid – 2022, Beijing has moved to & nbsp, normalize diplomatic ties & nbsp, and incrementally & nbsp, dismantle trade restrictions & nbsp, despite Canberra continuing to pursue policies that & nbsp, disappoint the Chinese government & nbsp,— everything from & nbsp, securitizing & nbsp, Australia’s critical minerals industry to & nbsp, calling out & nbsp, China’s human rights abuses in the United Nations. & nbsp,

The next 17 months of bilateral relationship maintenance suggest that China didn’t been dissuaded from embracing warmer ties with Australia, despite Beijing’s diplomatic rebukes and secret instructions if it tries to negotiate a free trade agreement with Taipei.

Business plan isn’t entirely driven by economic complementarities in a time when interdependence is being used more frequently. Confidence is important as well. Fortunately, there is a lot of both in the Australia-Taiwan connection. & nbsp,

In addition to the fact that the American and Chinese economies now trade a sizeable amount, increased export dependence on Taiwan carries very little risk of economic coercion.

Strong financial complementarities between the American and Taiwanese economies may bind them together for many years to come. Australia can be sure that Taiwan didn’t use trade relations to advance political agendas, in contrast to China.

Author of the newsletter & nbsp, Beijing to Canberra and Back, which chronicles Australia-China relations, Benjamin Herscovitch is a research fellow at The Australian National University.

This andnbsp, post, and was originally published by East Asia Forum and are being reprinted with permission from Creative Commons.

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US yield surge cause to dump China tech stocks

Anyone who thinks the plunge in Chinese tech stocks has run its course hasn’t been paying attention to Jerome Powell’s utterances in Washington.

There, the Federal Reserve chair is hinting at additional tightening moves as runaway inflation proves hard to defeat. With US bond yields already at 17-year highs, Asia is bracing for any hints from Fed officials about the timing and magnitude of the next interest rate hike, perhaps as soon as November 1.

None more so than investors in mainland China tech stocks, from which foreign funds are tripping over each other to exit. In September alone, US and European funds dumped a net US$1.6 billion of Chinese shares amid $3.5 billion of capital outflows, says data firm EPFR Global.

A disproportionate amount of sell orders are hitting Alibaba Group, JD.com, Tencent Holdings Ltd and other mainland tech juggernauts. That’s despite better news on China’s economic trajectory, increased stimulus efforts and government steps to stabilize a cratering property market.

After six months of decline, China’s gauge of tech equities as at its lowest in more than three years. The Nasdaq Golden Dragon index of mainland American depository receipts is down 20% since early August. The broader CSI 300 index of mainland shares has plunged more than 13% since early August. Even worse, the losses are more likely to continue than stop.

The good news is that President Xi Jinping and Premier Li Qiang are working to reduce financial leverage to reduce the risks of boom-bust cycles. They’re also getting more serious about fixing a troubled property market and giving the private sector more room to breathe after regulatory clampdowns.

In the meantime, though, foreign investors are tripping over themselves to reduce their exposure to China.

Confidence among investors is “likely to stay fragile, while foreign fund outflow could persist near term without meaningful macro improvement, government stimulus step-up and/or additional sustained market liquidity support,” says strategist Laura Wang at Morgan Stanley.

Thomas Gatley, a China analyst at Gavekal Dragonomics, notes that Xi’s economy and markets “face two problems that defy quick solutions.” One, of course, is the ongoing property crisis. The other is high global yields threatening to shoot even higher. As this later challenge collides with the former, Chinese growth stocks – tech in particular – are caught in the middle.

Tencent is among the stocks foreign investors are no longer playing around with. Photo: Asia Times Files / AFP / Da Ging / Imaginechina

“The upward pressure on US Treasury yields is unlikely to ease anytime soon,” Gatley says. “Tight Fed policy, strict lending standards and elevated inflation all argue there is room for yields to move higher absent a near-term US recession. This is particularly bad news for Chinese tech and other growth stocks.”

The reason, Gatley explains, is that “the most exciting market stories this year have been artificial intelligence and electric vehicles, and Northbound Connect investors loaded up on the policy-favored machinery and electronics sector stocks earlier this year as the artificial intelligence and electric vehicle stories boosted sector sentiment.”

Connect holdings in these sectors, he calculates, “rose by a startling 33%” to 32.6 billion shares from 24.5 billion shares over the course of the first six months. Northbound investors, he reckons, bought 36 billion shares in the battery manufacturer CATL in the first 10 months of 2023, for instance, a 54% increase in their exposure. They also scooped up 8 billion shares in leading electric vehicle manufacturer BYD, a 46% increase.

Gatley notes that outflows from onshore equities in recent months “have primarily been investors paring back holdings in the sectors that benefited from the H1 binge.” He adds that the “selloff in China’s growth stories extended well beyond the onshore market.”

Internet platforms in Hong Kong took blows, too, Gatley says, with Tencent and Alibaba each down 15% through August and September, despite strong earnings growth. And European luxury goods firms, which historically benefitted from affluent Chinese consumption and took a step up on the news of reopening, were also hit hard.

At the same time, China’s property stumble has soured global investors’ demand for the gamut of mainland shares. The ongoing default drama at Country Garden, coming two years after China Evergrande Group reneged on payments, has China Inc in the global headlines for all the wrong reasons.

Until “these problems are resolved, it is tough to see foreign investors adding a lot of China exposure,” Gatley says. “The lack of foreign buying constitutes a material drag on onshore markets, given that Northbound Connect turnover accounts for more than 10% of domestic trading.”

Overcoming the drag on liquidity and sentiment, Gatley concludes, “would likely require a very significant reacceleration of nominal growth which seems hard to manage given the continued drag from property and the uninspiring outlook for external demand in the face of European weakness.”

Then there’s the cumulative effect of the most aggressive Fed tightening since the mid-1990s on the US economy. Fallout from the Hamas-Israel conflict could send global oil prices skyrocketing, resulting in even more aggressive rate hikes.

“Bond vigilantes have reacted to the ‘higher for longer’ narrative and fiscal deficit concerns, while supply cuts and geopolitical tensions in the oil market have put upward pressure on prices,” says Seema Shah, chief global strategist of Principal Asset Management.

As global conditions wobble, says economist Robin Brooks at the Institute of International Finance, “markets are bearish on China and, so far, the bears have been right, with data on domestic demand as well as exports painting a weak picture. We too are concerned given the centrality of the property market for growth.”

Going forward, Brooks says, “there are perhaps some signs that growth is stabilizing. Exports have been weighed down by global consumers shifting back to services, something that will pass as Covid front-loading of goods consumption is worked off.” Looking ahead, he adds, “growth may be stabilizing near-term, though there’s clearly medium-term headwinds.”

Supportive government policies “are therefore critical to ensure sustained growth,” Brooks says.

That’s easier said than done, though, as global headlines intensify from all directions. As it “looks like global risks are emerging” from oil prices to dollar volatility, “we don’t see a market bottom [for Chinese A-shares] this year,” says Zhang Chi, strategist at Sinolink Securities.

Dollar and oil volatility are hanging over markets. Image: Twitter

Goldman Sachs analyst Maggie Wei notes that a sliding yuan and rising dollar only adds to market stability risks. “The unfavorable interest rate spread between China and the US will likely imply persistent depreciation and outflow pressures in coming months,” she explains.

Adding to the sense of disorientation, US 10-year yields are at their highest level since 2007, just before the subprime loan crisis hit.

“The hurdle for a [bond] rally is still high,” write strategists at Barclays. “Despite data continuing to show a resilient economy, the consensus still expects it to slow very sharply over the coming quarters. Repeated misses beg the question whether the consensus has been overly confident about monetary policy being too tight. We argue that policy is barely tight and risks are skewed towards continued upside surprises.”

And how might the People’s Bank of China respond? One risk worth considering, says strategist Chi Lo at BNP Paribas Asset Management, is that the PBOC “normalizes policy prematurely.” If so, mainland growth “could undershoot” this year’s 5% target at a moment when consumer and private sector confidence are “still feeble.”

Political priorities are their own wildcard, says Diana Choyleva at Enodo Economics. “Xi’s priority continues to be to double down on national security, at the expense of growth if necessary,” Choyleva says. “His rigid adherence to his geopolitical and ideological aims, combined with filling his third-term administration with apparatchiks rather than technocrats, is yet another factor that bodes ill for China’s ability to manage” myriad challenges.

China, Choyleva adds, “has reached the end of the road of its debt-fueled growth model and faces a prolonged period of painful adjustment, which we describe as a slow-motion real economy crisis.”

Choyleva concludes that “tech, real estate and consumer sectors are the hardest hit.” Though “we don’t expect the debt work-out to lead to a financial sector meltdown nor a liquidity crunch. But China has a serious solvency problem and can no longer rely on a strong economic expansion to help it outgrow its bad debt problem. Years of wasteful investment have come to haunt it, resulting in serious demand deflation.’’

Foxconn is in China’s crosshairs. Image: Asia Times Files / AFP

That problem is now coming back to undermine stocks. Worries that Xi’s tech crackdown might be entering a new phase hardly help. Recent days generated a number of headlines about an investigation into Foxconn Technology Group, one of the biggest employers in China and a vital Apple Inc partner.

At advertising giant WPP Plc, an executive and two former employees have been detained. Earlier this month, a Beijing court charged an executive at Japanese conglomerate Astellas Pharma Inc with suspected espionage.

It’s a bad look at a moment when Xi and Li are arguing China is open for business after the 2020 crackdown that started with Alibaba founder Jack Ma. So is the exodus out of mainland tech stocks, one that is unlikely to slow until US yields stop rising.

Follow William Pesek on Twitter at @WilliamPesek

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China toddler mauling prompts crackdown on dogs

The moment before girl was attackedWeibo

Stray, unlicensed, and” large” dogs are the target of a crackdown by Chinese authorities.

However, the action has drawn harsh criticism after reports that canines without users are being rounded up and occasionally put to sleep.

It comes after a violent Rottweiler attack last week that left the nation in shock. The girl was two years old.

The young child had her kidneys ruptured, her ribs broken, and her brain covered in wounds. She is said to be secure.

The mother of the child is seen in the incident’s film primarily putting herself between her child and the dog, but the Rottweiler circles the lady and snatches the kid.

The family makes a valiant effort to keep her daughter alive. Armed with a broom and another sizable stick, an employee and cleaner jump to the scene to help with the rescue.

The Rottweiler is finally chased away.

Its user was taken into custody.

However, after some surprising stories came to light, the assault prompted by the battering has been questioned on social media and by puppy owners.

In one instance, security personnel and a tenant killed both of their dogs after breaking into an office without the tenant’s consent.

A school in Liaoning Province reportedly let go of a security guard after he recently brutally attacked and killed an on-campus dog.

Another incident, which has garnered a lot of attention electronically, involved the death of the little, stray dog after it was captured being net-caught in Chongqing. The dog’s” smiling” appearance has sparked a hashtag on social media with the hashtag # XiaoHuang. The dog allegedly pursued a scholar, according to school authorities.

Picture of the stray dog before being killed

Weibo

Chinese superstars have also joined the social media debate, claiming that despite how bad the first attack was, the assault across the nation was not necessary.

There are about 40 million errant dogs in the nation, according to the 2021 China Pet Industry White Paper, and this has been viewed as a problem for some time.

The Rottweiler that attacked the kid in Chongzhou, Sichuan Province, was hardly a stray, though. It was let loose and walked up to the mummy inside their housing complex as she was escorting her child to school.

To pay for the boy’s cure, the family has launched a campaign to solicit donations from the general public.

According to statements made by authorities in the Shandong, Jiangxi, and Hubei Provinces, captured stray dogs may be put down if their landlord could not be located.

To quell the growing protest against what some have referred to as unjustified violence against creatures, the town of Hohhot in Inner Mongolia made its own statement, stating that stray dogs may be rounded up but never killed.

Free ropes are being distributed by local governments in some regions as a means of addressing the issue.

Dogs discovered in the capital without documentation would be impounded, according to an immediate notice from a Beijing voluntary dog rescue group to its supporters. It even advised owners of choice or big dogs who are able to emigrate them to designated boarding services and reminded people to be aware of the designated time for dog walking.

Additionally, the statement urged owners to” have a joint mindset” and refrain from” engaging in disputes with legislation enforcement.”

In China, animal ownership laws differ from one local government area to another, and sometimes they are not strictly enforced.

Solid animal cruelty laws that might provide shelter for pets are also absent from the nation.

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Asia is a 'bright spot' for economic growth amid geopolitical tensions, says Citigroup CEO Jane Fraser

SINGAPORE: According to Citigroup CEO Jane Fraser, Asia continues to be a beautiful spot for the globe despite political unrest, continued wars, and China’s slowing economy.

According to her, the company moves US$ 4 trillion( S$ 5.5 trillion ), or the gross domestic product of Germany, every day for 5,000 foreign corporations, with the majority of that movement and activity occurring in Asia. & nbsp,

” Asia is merely the shining star of the universe.” She continued,” There are so many different regions where the changing dynamics are playing into the longer-term flavor and gain these, get it what we see in Indonesia, Thailand, and Vietnam. & nbsp,

China is currently facing difficulties, but she noted that the technological advancements the nation has made are” remarkable.”

In Singapore, where” a lot of different innovative paths” are emerging, there are also a number of growth opportunities, she told CNA. Ms. Fraser attended a Citigroup committee meeting in Singapore.

Every day I see them, innovative users in this region of the world astound me. They’re so creative and inventive, and that’s going to create a ton of money as well as economic growth over the medium to long phrase, she said.

She said,” I think you can tell I’m an idealist, especially in this region of the world.” & nbsp,

Ms. Fraser described the financial situation in different markets and stated that both consumer and corporate clients have been in great health in the United States despite the possibility of a crisis there next time.

She pointed out that the labor market and electricity prices in Europe are facing longer-term structural issues.

Ms. Fraser said it was time to position Citigroup for the growth that may occur, especially in Asia, as she leads the company through its most extreme transformation in decades, which includes streamlining the organization and eliminating jobs.

CHOOSING OUR Users

Ms. Fraser also discussed how the Wall Street behemoth maintains its regulation and risk management framework in a time when big banks may occasionally draw bad actors during the extensive appointment.

Citigroup, which has offices in 96 nations, is selective in the users it chooses, she claimed.

The advantage of being on the ground is that you’re not just( based ) on data.” We put a lot of rigor into it. You have a great grasp, she said.

Through its cyber capabilities and forgery recognition, the company has monitoring capabilities to assist clients in protecting against risks or negative actors, she said.

” It’s a great investment that we make, but it does start with being quite picky about who we do business with, making sure we are working with people with good reputations, and keeping them safe ,” Ms. Fraser said.

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Why Indonesia can’t stop crocodile attacks

Saltwater crocodileAnindita Pradana / BBC

A 3m-long salt snake had been resting in the crater last September when Sariah went to fetch liquid in a crater close to her house in Bangka Island, Indonesia, and was watching her fill one of her containers.

I made the decision to take a shower because the water was quiet and there were no crocodile signs. The 54-year-old claims that it instantly materialized, bit me, and dragged me by my left shoulder into the water.

The world’s most saline reptile attacks occur in Indonesia. There have been roughly 1,000 problems over the last ten years, which have claimed the lives of more than 450 people. According to the International Union for Conservation of Nature( IUCN ), nearly 90 of these attacks occurred on Bangka and the nearby island of Belitung.

One of the richest tin-mining regions in the world is Bangka beach.

One million people live on the island, which is nearly the size of Hawaii, and roughly 80 % of them work as workers. According to wildlife conservation organization Walhi, more than 60 % of the region’s property has already been turned into iron mines. These mine are many of the improper ones.

The island’s woodland has been cleared by decades of tin mining, leaving behind thousands of enormous pits and craters that resemble celestial landscapes. Additionally, as area reserves decline, miners are moving to the water.

This results in the eviction of seawater crocodiles from their natural habitats, despite the fact that they can even survive in water. They are currently residing in lively mine pits close to people’s homes, which is why attacks are on the increase.

An aerial view of land and water on Bangka Island

Anindita Pradana / BBC

The well in front of Sariah’s home dried up last year due to the protracted dry winter brought on by climate change. After she ran up on payments for three weeks, her water source was shut off. Therefore, for her home and many others, the abandoned mines were the only source of water.

A worker on the island was washing can metal in another pit five days after the assault on Sariah when he was nearly killed by a crocodile. His mind, back, and arm were all broken.

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Adult male saltwater crocodiles can grow to lengths of more than 7 meters( 23 feet ), making them the largest living snake. Worldwide, there are between 20,000 and 30,000 salt alligators, with Indonesia being one of the most significant habitats. There are no formal estimates of the number in Indonesia, though.

Although turtles are a species that is protected in Indonesia, on Bangka Island, they are typically killed after an assault rather than being given to the local conservation organization.

Many visitors choose to kill the animals and immerse them in a ritual because they think that allowing the snake to be saved and moving it to another site is bad sign for the community.

The single animals save and conservation center on the island, Alobi, is run by Endi Riadi, who claims that his crew frequently debates with citizens about how to save the crocodiles.

Alobi, which was established in 2014, is home to a variety of wildlife, including animals and crocodiles. Officials either took these animals in trafficking cases or captured them after encounters with people.

Alobi is home to 34 crocodiles that have been saved and are confined to a volleyball court-sized water. To stop them from straying and attacking other species, an iron gate has been constructed.

The water appears quiet for the majority of the day, and many crocodiles can be seen floating like enormous rocks. However, when the team was feeding, they had sprint toward the top and compete for the beef chunks that were thrown.

According to Mr. Riadi, it is expensive to keep all the turtles in the recovery facility. Alobi depends on funds and doesn’t receive direct federal funding. The sanctuary collaborates with local cattle farmers to provide more affordable meals to feed the gleeful animals.

We can supply them with one complete cattle once a month. According to Mr. Riadi, if the farmers have dying animals, we also feed them.

However, he claims that they might not be able to keep transporting turtles up to the already crowded center. It’s also not an opportunity to let them go back into the wild.

Crocodiles in Alobi

Anindita Pradana / BBC

However, unless the crocodiles’ environments are protected, attacks on humans will continue, and professionals claim that illegal mining is the cause of the issue. Crocodiles will be evicted from their natural habitats as people move farther away to sea in search of iron.

By legalizing improper mining, the Indian government has adopted an uncommon strategy to combat it. According to Amir Syahbana, a local official in charge of managing power and metal resources, the government permits miners to operate in these illegal mines in exchange for their commitment to habitat restoration.

This includes everything from planting a tree to managing spend. However, many people are dubious about the plan, doubting whether laborers will really work to protect the environment. They will probably get away with it either means due to the island’s inadequate law enforcement.

” Everyone in this room mines can.” Sariah, who has not visited the pits since the invasion, claims that they don’t give a damn about the environment. Other household members offer to go if her home runs out of water.

She claims to be fortunate to still be dead, but moving her left palm or fingers still hurts.

She claims that occasionally while I sleep, the strike recurs in my dreams.

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US-China relations have stabilized, but in permafrost

The likely meeting between Chinese Communist Party General Secretary Xi Jinping and US President Joe Biden on the sidelines of the APEC summit in San Francisco in November supports hopes of a “thaw” in US-China relations this year. Biden predicted such a thaw earlier this year and some observers believe they see an upturn.

The outlook is less optimistic, however, if we assess the current state of the relationship from a longer historical perspective. For several decades, US relations with the People’s Republic of China (PRC) followed long cycles featuring high climbs and deep descents.

During the Korean War in the 1950s, the relationship reached a nadir with Chinese and American soldiers killing each other in battle. For years afterward, Washington remained deeply hostile toward China, viewing Mao’s regime as aggressive and irrational.

The 1970s, however, saw US President Richard Nixon’s visit to China, PRC paramount leader Deng Xiaoping’s visit to the US and the establishment of normal diplomatic relations. 

Another serious downturn followed in 1989 with the Tiananmen Massacre. But in 1994 the relationship had recovered to the point where US President Bill Clinton de-linked the renewal of China’s Most Favored Nation trade status from the PRC government’s human rights record. 

Relations weathered the shocks of the Third Taiwan Strait Crisis in 1995-96 and the bombing of the Chinese Embassy in Belgrade by US aircraft in 1999. Clinton’s government granted China Permanent Normal Trade status in 1999, and China joined the World Trade Organization in 2000 with Washington’s support. 

A bilateral crisis intervened in 2001, resulting from a collision over the ocean near the Chinese coast between a US surveillance aircraft and a recklessly maneuvering PRC fighter aircraft. The Chinese pilot died, and the PRC government imprisoned the US aircrew for 12 days while demanding an apology from Washington. Some members of Congress said the Chinese were taking “hostages” and deserved no apology.

Yet three years later, US-China relations had improved to the point where US Secretary of State Colin Powell called the relationship “the best we’ve had in 30 years.” Shortly thereafter, US Deputy Secretary of State Robert Zoellick articulated the American vision of China as a “responsible stakeholder.” A US official making such a statement today seems unimaginable.

That was the last multi-year high point before the Xi Jinping era began in 2012. Xi has presided over an era of steady decline in the bilateral relationship, marked by irritants such as China’s construction of military bases in the South China Sea, Chinese “Wolf Warrior” diplomacy, the Covid-19 pandemic, tensions over Taiwan, Chinese economic coercion against trade partners that are US friends and allies, PRC government-sponsored cybertheft, the Chinese spy balloon furor, US attempts to stop China from getting advanced technologies and Beijing’s pro-Russia position on the Ukraine war. 

Importantly, the Xi era simultaneously saw China attain a level of military capability that forced Americans to begin to see the PRC as a peer competitor.

Chinese President Xi Jinping reviews a military display of Chinese People's Liberation Army (PLA) Navy in the South China Sea on April 12, 2018. Photo: Reuters/Li Gang/Xinhua
Chinese President Xi Jinping reviews a military display by the Chinese People’s Liberation Army Navy in the South China Sea on April 12, 2018. Photo: Xinhua

Before Xi, the relationship was volatile in the sense of high mobility between cordial and hostile. The positive aspect of this volatility was the expectation that when relations were poor, eventually they would recover.

If US-China relations were a stock bought at US$50 per share, sometimes the value would go down to $30, but you could depend on it eventually bouncing back to $75. 

Now, however, as a consequence of large, irreconcilable conflicts in the two governments’ vital interests, the scope for dramatic improvement in China-US relations is far more limited than prior to the Xi era. 

The relationship is stable rather than volatile, but it has stabilized at a low level of quality, locking in poor bilateral relations for an extended period. The $50 stock may be stuck at $25 indefinitely. And it may drag down the rest of the stock market.  

To be sure, the two countries have taken some steps this year to improve their relations. They’ve established working groups on economic and financial issues. In September, the PRC government assisted in the return of fugitive US soldier Travis King from North Korea to the US, earning thanks from the White House. 

Several recent Chinese moves might be signals of goodwill with broader implications: the release of Australian journalist Cheng Lei after three years of imprisonment on questionable grounds, an agreement to cooperate with Western institutions in restructuring Zambia’s debt and an invitation to the US to send delegates to the Xiangshan defense forum in Beijing, China’s knock-off of Singapore’s annual Shangri-La Dialogue. 

These mostly procedural and atmospheric steps are pathetically minor, however, compared to the substantive and intractable problems that still divide the PRC and the US.

On October 17, for instance, the US Department of Defense accused China of “a centralized and concerted campaign” of harassing US and allied aircraft in international airspace near China, also releasing a collection of photos and videos apparently showing Chinese fighter aircraft flying dangerously close to US aircraft. 

Harassment missions by PRC aircraft and ships reflect both China’s disregard for some aspects of international law and Beijing’s insistence that other countries accord China a sphere of influence. Fundamentally, Beijing wants to replace US “hegemony” in the western Pacific with PRC pre-eminence. PRC public diplomacy daily condemns US global leadership, US regional influence, and US alliances.

Thus far, Washington shows no interest in re-trenching. Even four years of Donald Trump, who openly disparaged US alliance relationships and seemed inclined to follow a Jacksonian foreign policy, made hardly a dent in the well-established US posture of forward deployment in the Asia-Pacific.

Washington continues to challenge China’s claim of ownership over most of the South China Sea through diplomatic protests, “freedom of navigation” operations by US ships and aircraft, and support for pushback against Chinese claims by countries in the region. 

Taiwan, as well, remains a flashpoint over which neither side will yield. Absent an agreement on their respective policies toward Taiwan, Washington and Beijing are trudging, zombie-like, toward an eventual cross-Strait war, as each tries unsuccessfully to warn off the other by making military preparations.

China demands that America return to the pre-Xi posture of heavy economic engagement and technological collaboration with minimal restrictions. That is no longer possible given US disillusionment with the Xi regime.

The pandemic subsequently supercharged this sentiment, as Americans learned how concretely vulnerable they were to Chinese-produced goods that might suddenly become unavailable either because of economic disruption in China or because of intentional Chinese economic coercion

The clincher is a bipartisan commitment in the US to curtail cooperation, whether technology transfer or investment, that might enable PRC foreign policies that undercut US interests.  

Any possible US-China thaw can be extremely fragile, as we saw in June of this year. Days after the successful talks in China by his secretary of state, Biden remarked off-handedly that Beijing overreacted to the US shooting down the Chinese spy balloon because it caught Xi by surprise, and “That’s what’s a great embarrassment for dictators, when they didn’t know what happened.” 

US sailors fish the collapsed Chinese spy balloon out of the Atlantic off South Carolina. Photo: US Navy

Biden was seemingly defending China against the hardline US view that Xi dispatched the balloon as an intentional humiliation of the US. Nevertheless, the PRC government responded angrily, saying Biden’s remarks were “ridiculous and irresponsible” and “seriously violate[d] basic facts, diplomatic protocol and China’s political dignity.” 

Biden’s take reflected a highly plausible interpretation of the incident, but Beijing objects to Xi being called a “dictator” even though this description is factually correct.

Those who expect that a Xi-Biden meeting in San Francisco will cause a breakthrough should recall that Biden and Xi had a similar face-to-face meeting a year ago in Bali. That meeting paved the way for several US cabinet members to visit China, but otherwise did nothing to solve the big issues causing bilateral friction. 

Although the two leaders agreed in principle that a zero-sum relationship and a new cold war are undesirable, each government subsequently continued to blame the other’s policies for causing problems.

In this new stability, thaws will be more modest and less frequent. US-China relations are becoming more like US-North Korea relations, where a poor bilateral relationship is so ossified that hopeful observers get over-excited about a meeting between officials. 

Denny Roy is Senior Fellow at the Honolulu-based East-West Center.

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