US President Joe Biden’s nominee to head the country’s Commerce Department told senators on Tuesday that she would use punitive tariffs and export restrictions against China, but stopped short of a specific commitment to keep existing sanctions against Huawei Technologies in place. “China‘s actions have been anticompetitive, hurtful to American workers and businesses, coercive and … culpable for atrocious human rights abuses, so whether it‘s the ‘entity list’ or tariffs or countervailing duties, I intend to use all those tools to the fullest extent possible,” Gina Raimondo, currently the governor of Rhode Island, testified remotely during her confirmation hearing in the Senate. Wilbur Ross, the commerce secretary during the Trump administration, put Huawei on an “entity list” in May 2019, citing national security concerns, a move that prevented US suppliers from selling goods and technology to the company without a special licence.Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China. Other Chinese companies on the list include Semiconductor Manufacturing International Corporation (SMIC) and the drone maker DJI Technology. When Senator Ted Cruz, a Texas Republican known for his strident anti-China stance, pressed Raimondo for assurances she would not remove Huawei from the list, the nominee committed only to “review the policy, consult with you, consult with industry, consult with our allies and make an assessment as to what‘s best for American national and economic security”. The response prompted an outcry from Senator Ben Sasse, Republican of Nebraska, who issued a statement questioning Raimondo’s stance. “This is ridiculous,” Sasse said. “Huawei didn’t change because America has a new president. Huawei is still the Chinese Communist Party’s tech puppet and a serious threat to national security. “Tough talk on China is empty if you let Huawei out of the box,” he added. However, Raimondo repeatedly emphasised to Cruz and other senators questioning her a commitment to safeguarding against possible national security threats posed by the use of Chinese telecommunications equipment. Sanctions on China likely to remain: Hong Kong’s American Chamber of Commerce “There‘s an opportunity to move forward in 5G and create great innovation and jobs, but we can’t have the Chinese or really anyone having a back door into our network and compromising in any way our national or economic security,” she said. “I will use the full toolkit at my disposal to the fullest extent possible to protect Americans and our network from Chinese interference or any kind of back door influence into our network, and that’s Huawei, ZTE, or any other company.” Comments by numerous Biden administration officials less than a week into his tenure have suggested that the new president will not diverge substantially from the view that Beijing presents a threat to US national security requiring more vigilance than when Biden was vice-president during the administration of Barack Obama from 2009 to 2017. Antony Blinken, who was confirmed by the Senate as the new US Secretary of State on Tuesday shortly after Raimondo’s hearing, suggested during his testimony last week that he agreed with former president Donald Trump’s “tougher approach to China”. “I disagree very much with the way that he went about it in a number of areas, but the basic principle was the right one, and I think that’s actually helpful to our foreign policy,” he said. Jen Psaki, the White House press secretary, said on Monday that Biden “will take a multilateral approach to engaging with China, and that includes evaluating the tariffs currently in place, and he wants to ensure that we take any steps in coordination with our allies and partners, and with Democrats and Republicans in Congress”. Raimondo’s position at Tuesday’s hearing is not necessarily indicative of how she will proceed towards Huawei or China generally, said Anthony Kim, research manager at the Heritage Foundation, a Washington think tank. Raimondo, he noted, is a relative newcomer in terms of foreign policy and will need to defer to Blinken and others in the Biden administration. “We should view today’s comment as her own, before the whole entire government agency coordination,” Kim said. “This is not a position of the Biden administration at this point, so I think we’ll have to wait and see. “The Commerce Department cannot and will not alone decide what the new, official policy towards China is; that will be closely coordinated with the State Department” as well as the National Security Council (NSC), he noted. Blinken — who during the Obama administration first served as Vice-President Biden’s national security adviser and then as as deputy secretary of state — and Jake Sullivan, who Biden appointed to lead the NSC, hold similar views about China. Sullivan said in a CNN interview earlier this month that the Biden administration would recognise China as a serious strategic competitor to the US. He also said Biden would work out the economic differences between the US and its European allies to improve their relations and jointly counter China on multiple fronts, from trade and technology, to the military and human rights.More from South China Morning Post:Joe Biden’s China policy should keep trade and national security apart to avoid cold war: ex-US commerce chiefChip industry group urges Biden admin to review export controls on China to create ‘level playing field’This article Joe Biden’s commerce secretary pick backs tariffs and export limits against Chinese firms first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2021.
Relatives of Wuhan's coronavirus dead on Wednesday said Chinese authorities have deleted their social media group and are pressuring them to keep quiet while a World Health Organization team is in the city to investigate the pandemic's origins.
A Chinese corruption charge that the mother of Canadian music star Wanting Qu embezzled more than 350 million yuan (US$54 million) in her position as a Harbin housing official has been withdrawn, according to a social media post shared by Qu about the long-running case. But Zhang Mingjie, 65, remains in detention with her fate unclear more than six years after the accusations emerged. Prosecutors had sought the death penalty at Zhang’s original 2016 trial, but she has not been convicted. Qu, 36, who first found fame as a pop singer, then as the de facto first lady of Vancouver when she was the girlfriend of then-mayor Gregor Robertson, expressed confidence in the handling of the case by the “perfect and righteous” Chinese justice system in 2018.Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China. But last September, she decried on Weibo that there was “still no result” on the anniversary of her mother’s arrest, and she was “trying to keep faith in justice”. That prompted a fierce backlash on Chinese social media, and a rebuke for Qu in a commentary by China’s anti-corruption body, the Central Commission for Discipline Inspection. Last Wednesday, Qu shared a Weibo post written in the name of her 78-year-old aunt, Zhang Mingkun, that claimed her sister’s embezzlement charge had been withdrawn at a second hearing on March 12, 2019. It demanded that “justice be served” and questioned whether there was “something fishy going on”. “This fact alone is sufficient to prove that this particular indictment initiated by Harbin Procuratorate was wrong! So please do not mention this 350 million matter! This indictment does not exist any more!” said the post, originally written on January 14. It continued: “Zhang Mingjie was served with a Notice of Termination of Trial, but she is not allowed bail. Don’t you think something is wrong?” Wanting Qu issues update on mother’s death-penalty case A post by the same account on January 17 said interrogators had made Zhang Mingjie confess by threatening Qu. “[Investigators] said during the interrogations that Zhang Mingjie would definitely get the death sentence, and if she did not disclose everything honestly, they would arrest [her] relatives. They also forced Zhang Mingjie to admit her guilt by threatening the reputation of Wanting Qu,” it said. It also claimed that Zhang Mingjie was “tortured emotionally … humiliated, cursed and belittled” during a prolonged interrogation under spotlights. The Harbin Intermediate People’s Court did not respond to a request for information about Zhang’s case. Qu did not respond to a request for an interview that was emailed to her management. Zhang’s original trial in July 2016 was widely reported by Chinese state media, but the court has not publicly updated her status since then. China’s courts have a 99.9 per cent conviction rate, according to the China Law Yearbook. The official Xinhua news agency reported that Zhang, as deputy director of Harbin’s development and reform commission, was accused of selling state-owned farmland to a developer for far below its market value, in exchange for hundreds of millions of yuan in kickbacks. Vancouver’s mayor breaks up with pop star Wanting Qu She also allegedly failed to enforce the payment of tens of millions of yuan in compensation to displaced farmworkers who had lived in dorms on the land, the agency reported. “The court was told that Zhang had not only breached her duty as a civil servant, but also committed the crimes of embezzling public properties worth an enormous amount of money,” Xinhua reported. “Zhang was also said to have committed the crimes of bribe-taking and abusing authority, leading to a severe loss of public assets.” The Weibo account in the name of Zhang Mingkun was set up on January 10. It has since posted 14 times about Zhang Mingjie’s case. “I’ve tried to contact the chief justice, but he says ‘it’s useless to contact me’, he refused to see me in person. With no way out of this, I then had to make my voice heard on Weibo!” a post on the account said on January 21, responding to a question about why the family, including Qu, had taken so long to discuss the case. In the January 14 post, it said: “Even though I felt something was wrong a long time ago, I trusted that justice would be served. I patiently and painstakingly waited for almost seven years, but I discovered that the law enforcement people are not so just. That’s why I had to make myself heard here disclosing the truth to the public.” Chinese corruption prosecutors seek death penalty for mother of Wanting Qu Qu has never given an interview about the case, but has paid tribute to her mother in a handful of social media posts, and by releasing a single about their relationship, titled Your Girl. In March 2018, Qu said on Weibo: “It has been 3 years and 6 months since my mom was taken away on September 22, 2014. There is no point I wouldn’t feel pain, having seen the loss of my mother this way. However, each country has its own law. I believe that the court would hand down a ruling according to law.” When she posted about her mother again in January 2019, saying her “heart aches” for her, the remarks went viral; Weibo posts carrying a hashtag referring to her comments were viewed hundreds of millions of times, although the responses were overwhelmingly negative. Qu moved to Canada as a teenager. Her first album, “Everything in the World”, went platinum in China in 2012, and she sang on CCTV’s 2013 New Year’s telecast. But she is best known in Vancouver as the former partner of Robertson, now 56, who served as mayor from 2008 to 2018. They got to know each other after Qu was appointed Vancouver’s tourism ambassador to China in 2013, and went public with their relationship in early 2015. Robertson subsequently divorced his wife of more than 25 years, Amy Robertson, although a spokesman said no third party was involved in the split and the Robertsons had been separated since mid-2014. Qu and Robertson broke up in 2017.More from South China Morning Post:Pop star Wanting Qu issues update on mother’s death-penalty case, declaring Chinese law ‘perfect and righteous’Vancouver’s Mayor Gregor Robertson splits with pop star Wanting Qu, whose mother faces possible death penalty in ChinaChinese corruption prosecutors seek death penalty for mother of Wanting Qu, pop star girlfriend of Vancouver’s mayorThis article Canadian singer Wanting Qu shares claim that US$54 million Chinese corruption charge against mother is withdrawn first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2021.
EVOLVE Fight Team members Amir Khan and Kim Kyu Sung analyse Dustin Poirier's shock UFC 257 victory over Conor McGregor.
The Ministry of Health (MOH) confirmed 25 new COVID-19 cases in Singapore as of Wednesday (27 January), taking the country’s total case count to 59,391.
A man sodomised his underaged brother-in-law for over four years, starting from before he married the victim’s sister.
Japan is expected to play a prominent role in the new US administration’s efforts to rally its allies in the Indo-Pacific region – including the South China Sea – in an attempt to counter China’s rise, according to observers. In a move that will deepen unease among Beijing policymakers, US Defence Secretary Lloyd Austin used his first conversation with his Japanese counterpart Nobuo Kishi to reaffirm Washington’s commitment to its partnership with Tokyo. He also urged him to “strengthen Japan’s contribution to the role the alliance continues to play in providing security in the Indo-Pacific region”. Japan could be stabilising influence in US-China relations, says ambassador President Joe Biden’s administration is seeking to rebuild US alliances which were sorely tested by his predecessor’s America First policies.Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China. Benoit Hardy-Chartrand, an East Asia affairs expert at Temple University in Tokyo, said Japan – which hosts the largest number of US troops in the region, as well as providing a base for the US Navy’s Seventh Fleet – had a “prominent role” to play, even though the contours of Biden’s Indo-Pacific strategy had yet to be determined. “President Biden himself, as well as his nominee for Secretary of State, Anthony Blinken, have made it clear that the reinforcement of Washington’s alliances in the region will be a top priority for the US,” he said. “Japanese Prime Minister [Yoshihide] Suga will be happy to reciprocate, as he has vowed to maintain the foreign policy orientations of his predecessor Shinzo Abe, under whose leadership Japan has reinforced its role in the alliance with the US and become a more consequential actor in regional security.” The concept of a free and open Indo-Pacific region was first introduced by Japan in 2016, before it was formalised by the US State Department in 2019. Beijing regards Washington’s Indo-Pacific strategy as a move to rally regional players like India, Australia and Japan against China’s rise. Japan, which sees China as a major rival, has been carefully and steadily pushing for like-minded countries to unite in countering Beijing’s growing influence and ambitions in the region. In September, Japan and India signed a deal allowing access to each other’s military bases for logistical support. Just weeks later, Suga used his first overseas visits as prime minister to promise stronger security and economic ties with Vietnam and Indonesia. This was followed in November with the signing of a reciprocal access agreement with Australia, allowing the two armed forces to carry out joint exercises, visit each other’s countries and potentially conduct military operations together. And, late last month, in a move that is likely to have touched a raw nerve in Beijing, Kishi invited his German counterpart Annegret Kramp-Karrenbauer, to send a warship to East Asia. The visit could include the South China Sea, where Beijing’s extensive claims are contested by a number of small Southeast Asian countries, including Vietnam, the Philippines, Malaysia, Brunei and Indonesia. While Japan is a non-claimant in the strategically important waterway, 90 per cent of its oil and gas supplies travel through it from the Middle East, giving it deep concerns about China’s activities in the South China Sea. Last week Japan joined the US and its allies Australia, Britain, Germany and France in submitting a diplomatic note to the United Nations, rejecting Beijing’s baseline claims and condemning its efforts to restrict navigation and flyovers in the South China Sea. “Tokyo sees freedom of navigation and maritime stability as crucial to its prosperity,” Hardy-Chartrand said. “In addition, the Japanese government has drawn parallels between China’s approaches to the South China Sea and the East China Sea, where the two countries are embroiled in an increasingly bitter territorial dispute over the Senkaku/Diaoyu islands.” Hardy-Chartrand said Tokyo’s interest in the East China Sea meant it would not want to push Beijing too hard on the issue. “Japan will maintain its presence in the [South China Sea] but will likely remain cautious to avoid a strong reaction from China, as it may affect their territorial dispute in the East China Sea,” he said. Japan weighs in on South China Sea dispute, adding to pressure on Beijing Chen Xiangmiao, an associate researcher with the National Institute for South China Studies in the southern Chinese province of Hainan, said Japan would be an important part of the US push for an alliance-centred network to counter China. “That would include further cooperation on multiple fronts, from military, diplomacy, the legal sphere and politics, as well as public opinion in countries like Vietnam and the Philippines, to closely coordinate with the US in its South China Sea policy,” he said. Lam Peng Er, a senior research fellow at the National University of Singapore’s East Asian Institute, said Japan would also be concerned that China could one day declare an air defence identification zone in the South China Sea. “China has done that in the East China Sea, but if China declared in the South China Sea, Japan would be very concerned and very upset,” he said. Diaoyu/Senkaku islands dispute Japan has steadily stepped up its engagement with the South China Sea claimants – drilling is expected to start this year in a joint offshore energy project between Japanese companies and Vietnam, while the Philippines has acquired coastguard vessels and radar systems from Japan. Japanese vessels have also taken part in South China Sea exercises with forces from the US and the Philippines. But, Lam pointed out, while Japan’s engagement with the South China Sea claimants had been consistent, it was restricted in any military operation by its constitution, which prevents it from settling international disputes with armed force. There was no domestic consensus that any conflict in the South China Sea posed an imminent threat to Japan, he added. Lam also said there was a significant difference between Japan and the US in their approach to the region. “The Japanese concept of the Indo-Pacific centres on multilateral economic and diplomatic cooperation in a rule-based order, whereas the US strategy … emphasises a muscular balance of power against a rising China,” he said.More from South China Morning Post:Early signs from Biden White House of more balanced China policy aheadChina-US tensions: new American defence chief calls on Japan and South Korea to team up in Indo-PacificTokyo seeks US vow of support in East China Sea, as dispute with Beijing heats upThis article Japan key to US plan to rally allies against China in Indo-Pacific, observers say first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2021.
The world's top tennis stars are set to emerge from a gruelling two weeks stuck in their hotel rooms over coming days as they race to get match fit before their coronavirus-disrupted season resumes in Australia.
The UN human rights chief has called for an International Criminal Court investigation into Sri Lanka's Tamil separatist conflict and sanctions on military officials accused of war crimes, according to a report obtained by AFP.
The National Council of Churches Singapore said it was alarmed by news of a youth who attended church and was planning to attack two mosques in Singapore.
In an unusual and potentially groundbreaking decision, French drugmaker Sanofi said Wednesday it will help bottle and package 125 million doses of the coronavirus vaccine developed by its rivals Pfizer and BioNTech, while its own vaccine candidate faces delays. The announcement came as delays or production problems for the Pfizer-BioNTech vaccine and a vaccine from Britain's AstraZeneca have caused political uproar across the European Union. Sanofi's Frankfurt facilities will help with late-stage production of vaccines prepared by Germany-based BioNTech, including bottling and packaging, starting in the summer, according to a Sanofi official.
One week into the job, US President Joe Biden has sent a clear warning to Beijing against any expansionist intentions in East and Southeast Asia.
Income-seeking investors should take a look at these five REITs that reported higher year on year DPU. The post 5 REITs Reporting Higher DPU in January appeared first on The Smart Investor.
HSBC is fully committed to its businesses in Hong Kong and helping residents “recover from challenges” despite being caught up in recent political rows, its boss has told British lawmakers, while dismissing suggestions the banking giant should pull out of the city in the wake of the national security law. At a meeting of the British parliament’s Foreign Affairs Committee on Tuesday afternoon, CEO Noel Quinn defended HSBC’s earlier controversial move to freeze the account of fugitive former opposition lawmaker Ted Hui Chi-fung and his family members, insisting the bank was legally obliged to take action after being notified by Hong Kong police. “We do not make freezing decisions based on political affiliation or activity,” Quinn said in his opening remarks. “It’s because we are obliged to, under request of police authorities, as they undertake their investigations.”Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China. Quinn emphasised that the London-based bank had only been in dialogue with local police and no other Chinese authorities, and that HSBC would be committing a criminal offence if it did not follow the order, which could put the institution and its customers at risk. He also insisted it would be of no benefit for the bank to walk away from Hong Kong despite what the politicians called a worsening political climate in the city. “I am not in Hong Kong purely because of the profit,” Quinn said. “It’s not a matter for me whether I choose China over the UK or China over another political system. My motive is 100 per cent about helping people in Hong Kong recover from the challenges they face, and I have to work within the legal framework I’m given in Hong Kong.” State-run media outlets blast new Bar Association head two days in a row But Quinn’s explanation did not seem to convince either the British lawmakers or Hui, with the latter slamming the top executive’s “evasive and hypocritical” attitude and vowing to continue to lobby for international sanctions on the bank. Following the meeting, Hong Kong’s Security Bureau condemned overseas politicians who it said were trying to exert pressure on local financial institutions adhering to laws on combating money laundering. The bureau also disputed suggestions a suspect’s consent was needed when police sought information from financial institutions as part of an investigation. The bureau’s statement did not mention the British parliament’s hearing nor did it name Hui. It maintained that police action and investigation were carried out strictly in accordance with the law and stressed the government fully supported financial institutions in their cooperation with police in anti-money-laundering investigations. “When investigating a case, the police would ask relevant individuals or institutions to obtain information relating to the detection of crime,” it said. “It is the statutory duty of police and has to be carried out in accordance with the law. But there are overseas politicians who have tried to exert pressure.” The parliamentary committee meeting was sparked by a row early last month in which Hui reported that his and his family members’ accounts at three banks – including HSBC – had been frozen after he fled the city while out on bail awaiting trial on charges tied to the 2019 anti-government protests and his actions in the legislature. Hui, who is now in Britain after fleeing in November, said HSBC had still failed to explain the legal basis to freeze the accounts, and whether it had acted professionally after receiving a “notification” from Hong Kong police. “HSBC’s attitude was evasive, hypocritical and self-contradicting in [Tuesday’s] hearing,” Hui wrote on his Facebook page hours after the parliamentary meeting. “Having made its stance clear that it supports the national security law, HSBC has shown that it is willing to be used for oppressing the freedom of Hong Kong with actual actions.” Hui was referring to Quinn’s attempt to defend Peter Wong Tung-shun, the bank’s deputy chairman and Asia-Pacific chief executive, who signed a petition last year in support of Beijing’s imposition of the national security law, which bans secession, subversion, terrorism and collusion with a foreign country or external elements to endanger national security. Hongkongers who fled to Britain early have no regrets “Peter was not advocating for a particular party or policy,” Quinn said. “It was not a political statement on his behalf, it was a statement that he was asking for the security situation in Hong Kong to be addressed, after experiencing 18 months of progressive decline that accumulated in an extended period of riots and violence.” He added Wong was among many other business leaders, as well as 2.9 million residents, who signed the petition, saying the drive only aimed to seek a resolution to the security concerns in Hong Kong. The pro-establishment camp said nearly 3 million people signed the petition last June. HSBC, which counts Hong Kong as its largest market, has come under attack from critics at home and abroad who accuse it of kowtowing to Beijing. At Tuesday’s meeting, Labour Party member of parliament Graham Stringer asked if HSBC had ever considered withdrawing from the city. “Is there any point at which what is happening in a country where you are carrying out your banking activities is so awful and distasteful that you will consider withdrawing your business or taking some other actions?” he asked. Quinn replied that the bank had never considered moving out of Hong Kong, which it had served for more than 150 years, despite the new geopolitical challenges. But he admitted the city’s legal structure was “changing”, and that the bank had no choice but to comply with the national security law, imposed by Beijing on June 30 last year. He also acknowledged there would be conflicts between the laws of different countries, posing challenges for the bank, which had to carry out its own legal analysis and oblige appropriately and carefully. Quinn also refrained from commenting on Hong Kong’s political situation, repeatedly claiming he was not a politician but someone who “served customers”. Apart from Hui, Good Neighbour North District Church, which had volunteers who offered help to protesters, also accused HSBC of freezing the accounts of its now ex-pastor and his wife. This was not the first time that accounts linked to the protest movement were frozen. In 2019, the banking giant faced a backlash for closing a corporate account used to raise funds for Spark Alliance HK to support protest-related activities, months after the anti-government unrest started. Ted Hui accuses HSBC of ‘embezzling’ his money by freezing his credit cards Hong Kong protesters also called for a boycott of the bank after it issued a statement last summer supporting the enactment of the national security law, which granted new powers to police to request institutions hand over sensitive data during investigations. Last month, Secretary for Security John Lee Ka-chiu defended the police’s order to freeze Hui’s bank account, which the force alleged was connected to a money-laundering case involving an “absconding Hongkonger” accused of misappropriating money from a crowdfunding campaign. Hui had earlier insisted all the money he raised online for a planned private prosecution of police officers had been saved in his law firm’s bank account. Earlier this month, Quinn wrote to Hui personally to explain why HSBC froze his and his family’s credit cards and bank accounts in December, saying it had no choice but to do so at the behest of Hong Kong police. Hui dismissed the explanation as irresponsible.This article HSBC boss defends move to freeze accounts of fugitive ex-lawmaker Ted Hui, tells British MPs bank is committed to Hong Kong first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2021.
Foreigners snapping up private apartments in Singapore declined to a 17-year low in 2020 as travel restrictions and lockdowns in various countries deterred them from coming to the city-state.
Thousands of health workers lined up across Nepal to get the coronavirus vaccine Wednesday as the Himalayan nation began a three-month vaccination campaign. At the Tribhuvan University Teaching Hospital in Kathmandu, doctors were encouraging hesitant colleagues to get the vaccine. Hospital director Dr. Dinesh Kafle said 300 staffers were set to get the vaccine on Wednesday and the remaining 2,000 within a week.
Unfailingly calm and courteous, America's new top diplomat Antony Blinken advocates a more humble approach to build alliances but, more than his boss, has advocated military power when human rights are in question.
One of the appeals of the HDB loan is the higher LTV of up to 90%. But did you know not everyone is eligible to loan the maximum amount? Read about it here.
Beijing will add more overseas gambling destinations to its travel blacklist for Chinese nationals as it clamps down on an activity that it says sees an estimated 1 trillion yuan (US$155 billion) of capital outflows annually. The restrictions aim to “better regulate the tourism market and safeguard the lives and property of Chinese citizens”, the Ministry of Culture and Tourism announced on its website on Tuesday. The blacklist – introduced in August by the tourism, public security and foreign ministries – puts travel restrictions on places where Chinese go to gamble. The tourism ministry said more destinations would be added to the list soon, without elaborating.Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China. While the list has not been made public, destinations in the Philippines, Myanmar, Malaysia and Vietnam are all hotspots for Chinese gamblers. Both the tourism and foreign ministries declined to give details of the blacklist when contacted by the South China Morning Post. “Gambling houses in the Philippines, Myanmar and other neighbouring countries have been attracting Chinese citizens recklessly in recent years,” Liao Jinrong, international cooperation bureau chief at the Ministry of Public Security, told a forum in Beijing in September. “Cross-border gambling is often linked with organised gangs, financial fraud, abduction and trafficking, and illegal immigration,” he said. “Many overseas gambling houses also have detailed information about Chinese entrepreneurs, which poses a huge threat to their safety.” According to the Ministry of Public Security, more than 600 Chinese suspects involved in cross-border gambling were arrested last year in joint operations with police in the Philippines, Malaysia, Myanmar and Vietnam. It also said police investigated activities including alleged irregularities in overseas investments by Chinese companies and prevented some Chinese nationals from travelling to places on the blacklist as part of a gambling crackdown last year. About 75,000 Chinese were detained in over 3,500 cases during that campaign. A Guangdong-based academic who studies cross-border capital flows said Chinese tourists were gambling an “appalling” amount of money overseas every year. The analyst, who declined to be named because he is not authorised to speak to the media, said the number of gambling trips made by Chinese public servants had declined since Beijing tightened restrictions on their overseas travel in 2015. But he said gambling tourism remained popular among other Chinese nationals, and that it was possible “Macau could be included on the blacklist”. “While Beijing supports Macau’s economic development, the authorities do not want Chinese indulging in unrestrained gambling sprees,” he said. Shenzhen’s sleazy past as short-lived gangster and gambling hub Shum Chun But Bob Yeh, with the Institute for Social and Cultural Research at the Macau University of Science and Technology, disagreed, saying the expanded blacklist would be good news for Macau. He said it mainly targeted illegal gambling in Southeast Asia. “It’s also a protective measure for the gaming industry in Macau, which is well-regulated and will certainly not be included on the blacklist,” he said. “Macau’s economy relies on gambling. Although the central government wants it to diversify, it will be very difficult to change the status quo.” Macau’s gaming industry was hit hard by the coronavirus pandemic last year, with gross revenues down 79 per cent from 2019, according to official data. “So this policy is beneficial for Macau,” Yeh said. If [Chinese tourists] can’t go to places in Southeast Asia, they’ll go to Macau.” All forms of gambling apart from state-run lotteries are banned in mainland China. An amendment to China’s Criminal Law passed last month makes it a crime to “set up or manage casinos overseas” and it is illegal to “organise or solicit” Chinese nationals to travel abroad to gamble.More from South China Morning Post:Macau casinos end worst year on record as gaming revenue sinks 79 per cent, outlook remains bleakManila’s big bet on China’s online gambling habit gives Beijing post-coronavirus headacheThis article Beijing to expand blacklist of overseas gambling destinations for Chinese tourists first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2021.
The largest bank in Singapore, DBS was named the ‘World’s Best Bank’ in 2019. If you’re a loyal DBS/POSB customer and have no plans to switch banks, here are the credit cards worth your salt. As the economy grapples with the plunge in consumer spending, […] The post Loyal DBS/POSB Customers: Which Credit Card Should You Add To Your Wallet? appeared first on SingSaver Blog - We Compare, You Save.