Rabu, 14 Agustus 2019

China State Media Present Their Own Version Of Hong Kong Protests - NPR

A protester shows a placard to travelers as demonstrations continue at Hong Kong International Airport on Wednesday. Flight operations resumed at the airport Wednesday morning after two days of disruptions. Vincent Thian/AP hide caption

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Vincent Thian/AP

As anti-Beijing protests in Hong Kong enter their third month, China's leaders face a new challenge: managing perceptions of the protests at home.

China is anxious the protests might inspire similar dissent on the mainland, where huge swathes of territory — including the regions of Xinjiang and Tibet — have also seen numerous instances of opposition to Beijing's governance.

To inoculate itself, Beijing has turned to a raft of disinformation tactics to stir up nationalist support at home, creating a very different narrative of what is happening in Hong Kong by levying its control over the flow of information.

"The [protest] movement is so complicated, unpredictable and unprecedented, with a very diverse group of participants," says Fang Kecheng, a communications professor at Chinese University of Hong Kong (CUHK).

"But what we see within the Great Firewall of China is actually simplified and distorted," he says. "That is because nationalistic content is politically safe and highly popular among the Chinese public and internet users."

Official state media pin the blame for protests on the "black hand" of foreign interference, namely from the United States, and what they have called criminal Hong Kong thugs. A popular conspiracy theory posits the CIA incited and funded the Hong Kong protesters, who are demanding an end to an extradition bill with China and the ability to elect their own leader.

Fueling this theory, China Daily, a state newspaper geared towards a younger, more cosmopolitan audience, this week linked to a video purportedly showing Hong Kong protesters using American-made grenade launchers to combat police.

Other widely-shared videos on Weibo, a popular Chinese blogging platform, claim to show a female protester who lost an eye last weekend from a rubber bullet accepting payment from other protesters, insinuating the incident was staged. Except the woman accepting cash in the video is not the protester who lost her eye.

But Beijing's biggest messaging victory so far was provided by Hong Kong protesters themselves on Tuesday night, when they descended on two men suspected of being mainland Chinese agents. Beijing made sure to widely disseminate videotape of the incident.

By the next morning, a third of top trending topics on the popular blogging platform Weibo were expressions of support for one of the men, a reporter for the hardline Chinese newspaper Global Times. Viral slogans like "What a Shame Hong Kong" and "I support Hong Kong police, beat me all you want" have been shared millions of time on Instagram and Weibo, with some Internet users threatening to travel to Hong Kong themselves to avenge the Global Times employee.

"If you opened the Shenzhen port to Hong Kong now and waived the needed permit, I dare say that [these protesters] would have been beaten to a pulp," wrote one user.

Some Hong Kong protesters, distraught by the violent turn of events last night, created digital apologies and even condolences on mainstream Chinese social media sites, including Weibo and WeChat, a ubiquitous chat app. But the posters were almost immediately censored.

"Sadly, it seems that only patriotic content is now allowed," says CUHK's Fang.

Beijing's message is even succeeding with Chinese living abroad.

"I think the situation in Hong Kong has evolved into a color revolution, which is supported by the Western countries," Bao Haining, a rising junior at The George Washington University in Washington, D.C., and originally from the northern city of Changchun.

"I define the protesters in Hong Kong not as a demonstration any more. I can define them as a terrorist organization," he says, "because they attack civilians and occupy public buildings like airports."

Controlling the message is critical if Beijing wants to escalate its intervention but stop short of a military crackdown, Minxin Pei, a comparative politics professor at Claremont McKenna College, told NPR.

Pei argues the costs of a military intervention would be too high for Beijing to justify. Bloody street clashes would result in high casualties and global condemnation, and enforcement of law and order after an invasion would require a costly military occupation.

"It's not about whether [Chinese] troops can maintain order. It's really about the day after the war, because the Hong Kong government will not be able to function," says Pei.

Instead, Pei believes Beijing, if necessary, will use nationalism to mobilize tens of thousands of disaffected young men as patriotic volunteers to storm Hong Kong and squash protests. Last week, China's top office on Hong Kong affairs unleased its strongest rhetoric yet against the protests and called on pro-Beijing supporters to "firmly protect the homeland" in Hong Kong.

A seemingly grassroots movement would give Beijing plausible deniability behind any kind of forceful intervention, says Pei: "If you have sort of civilian types getting involved then it's really hard to conclude that one country two system is bad because we're talking about ordinary Chinese people – patriots – getting themselves in while protecting Hong Kong."

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https://www.npr.org/2019/08/14/751039100/china-state-media-present-distorted-version-of-hong-kong-protests

2019-08-14 11:43:00Z
CAIiEJ1uMElCSLFVzegal7b5ITIqFggEKg4IACoGCAow9vBNMK3UCDCvpUk

Top 5 Things to Know in the Market on Wednesday - Investing.com

© Reuters.  © Reuters.

Investing.com - Here are the top five things you need to know in financial markets on Wednesday, August 14:

1. Signs of economic downturn weigh on sentiment

Worrying data from China and Germany added to fears of a potential global recession.

China’s growth in July in another sign that the trade conflict between Beijing and Washington is denting the world’s second-largest economy.

Trade tensions also dragged on China’s consumer and business confidence with retail sales cooling more than expected while slower-than-forecast growth in revealed a marked loss of momentum.

Germany provided no relief to the gloomy outlook as a slump in exports drove its in the second quarter. The 0.1% quarter-on-quarter decline in led some analysts to speculate that the euro zone’s number one economy could enter recession in the third quarter as tariff conflicts and uncertainty over the U.K.’s departure from the European Union hit the country’s manufacturing sector.

2. Stocks pass from trade relief to economic worries

were mixed in Wednesday’s trade in the wake of Washington’s announcement a day earlier that it would delay the implementation of some tariffs on Chinese imports from Sept. 1 to Dec. 15.

The ensuing relief rally led to sharp gains on Wall Street at Tuesday’s close that quickly spread to Asian markets. Hong Kong’s was the exception, depressed by fears that Beijing will use force to crack down on local protesters.

But buying enthusiasm faded overnight with and U.S. futures pointing to a lower open as markets processed the fact that the U.S. delay in tariffs brought the two sides no closer to resolution.

3. U.S. 2- and 10-year notes on watch amid yield tailspin

A worldwide bond rally was back in swing sending yields on a sharp decline after a brief pause a day earlier.

Markets are keeping a close eye on the yields for the U.S. 2- and 10-year Treasury notes as the spread hovers around just one basis point. If the passes below that of the, it would result in an inverted yield curve that economists warn could be a sign of pending recession.

The flight to safety and central bank policy easing worldwide has sent bond yields into a tailspin. The on the German Bund, the euro zone’s safe-haven benchmark, hit a new record low of -0.64% after the GDP failed to elicit any signs of urgency from the government in providing some sort of fiscal support package to the economy.

4. Cisco steps up to earnings plate

Cisco (NASDAQ:) will be in the earnings spotlight after the close as the second-quarter reporting season winds down, with less than 50 S&P firms left on the calendar.

The company will report amid concerns that weaker enterprise spending on networking equipment may dent growth.

A slowdown in network spending was put in the spotlight last week when NetApp (NASDAQ:) warned its quarterly revenue would miss estimates, due to uncertainty over the global outlook.

5. Oil drops on unexpected inventory build

slid amid further signs of global economic weakness and a surprise build in U.S. crude stockpiles.

The American Petroleum Institute’s weekly report released late Tuesday showed that unexpectedly rose 3.7 million barrels.

The U.S. Energy Information Administration will release at 10:30 AM ET ( 14:30 GMT) amid expectations for a draw of 2.78 million barrels.

Read more: - Barani Krishnan

-- Reuters contributed to this report.

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https://www.investing.com/news/economy/top-5-things-to-know-in-the-market-on-wednesday-1954601

2019-08-14 10:09:00Z
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German economy shrinks as 'golden decade' comes to an end - CNN

GDP for the three months ended June contracted 0.1% compared to the previous quarter, in line with analyst expectations. That's down from 0.4% growth in the first three months of the year.
"Today's GDP report definitely marks the end of a golden decade for the German economy," said Carsten Brzeski, chief economist in Germany at the Dutch bank ING.
The world's fourth largest economy, and Europe's biggest, has been hit by what analysts have described as a "perfect storm" of negative factors.
India's car market just had its worst month in 18 years. 1 million jobs are at risk
Germany relies heavily on exporters that sell a large amount of goods to China and the United States, which are locked in a bitter trade dispute. Weak global auto sales have also hit the country's carmakers, and fears of a disorderly Brexit remain a drag.

A challenging backdrop

The German economy has helped support growth in Europe following the global financial crisis.
But industrial output for June dropped over 5% compared to the previous year. And the ZEW indicator of economic sentiment for August plunged sharply, hitting its lowest level since December 2011.
Brzeski said the uncertain climate was a top negative factor. "Increased uncertainty, rather than direct effects from the trade conflicts, have dented sentiment and hence economic activity," he said.
Another core issue is the global decline in demand for autos — especially in China, where new car sales have dropped 13 months in a row. That's a huge problem for German carmakers such as BMW (BAMXF), Daimler (DDAIF) and Volkswagen (VLKAF), which have come to depend on the world's largest market for vehicles.
It's particularly damaging at a moment when Germany's automakers have to make big investments to build cleaner cars, said Oliver Rakau, chief German economist at Oxford Economics.
Throw Brexit into the mix, and the outlook for Germany's economy looks grim. Even so, Rakau said he expects a return to "modest" growth in the current quarter, helped by "resilient" domestic demand.
"The main question really is how exports and industry are going to fare," he said.

What happens next

The weak data bolsters the case for the German government to spend more to stimulate the economy next year, Rakau said. But that's far from a sure bet in a country that's notoriously wary about borrowing.
The government could face more pressure to intervene if the trade war between the United States and China drags on.
The Trump administration said Monday it would delay tariffs on some consumer goods exported from China, including cell phones, toys and video game consoles. But both sides look no closer to striking a deal that would eliminate existing tariffs. A fresh round of taxes on Chinese exports is still set to go into effect in September.
Germany's contracting economy also bolsters the case for the European Central Bank to take action when it meets in September.
Economists predict that the central bank will move to cut interest rates, which are already at historic lows. The ECB is also expected to signal it will restart a bond buying program designed to spur economic growth.

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https://www.cnn.com/2019/08/14/business/germany-economy-gdp/index.html

2019-08-14 09:07:00Z
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Nora Quoirin: Family 'heartbroken' after body found in Malaysia - BBC News

The family of British teenager Nora Quoirin, whose body has been found in Malaysia, have said their "hearts are broken".

Nora, who had special needs, was found just over a mile away from the Dusun resort on Tuesday.

The 15-year-old Londoner had been on holiday with her family when she disappeared from her room on 4 August.

In a statement, her family thanked the 350 people who had been hunting for Nora in dense jungle near the resort.

They added: "Nora has brought people together, especially from France, Ireland, Britain and Malaysia, united in their love and support for her and her family.

"She has truly touched the whole world.

"The cruelty of her being taken away is unbearable. Our hearts are broken."

Her cause of death has not yet been confirmed and Malaysian police said a post-mortem examination was under way.

Police said the teenager's parents confirmed the body discovered by a search team was their daughter.

Malaysia's deputy police chief Mazlan Mansor said Nora, who was of Irish-French descent, was found beside a stream in a "quite hilly" area of plantation, and was "not in any clothing".

Authorities have been treating her disappearance as a missing persons case, but her family have said they believe she may have been abducted.

Nora was born with holoprosencephaly, a disorder which affects brain development, and her family said she was "not independent and does not go anywhere alone".

On Monday, her parents Meabh and Sebastien, a French-Irish couple who have lived in London for 20 years, put up a 50,000 Malaysian ringgit (£10,000) reward for help to find her.

Nora, her parents and her younger brother and sister arrived at the resort in a nature reserve near Seremban, about 39 miles south of Kuala Lumpur, on 3 August for a two-week stay.

Nora Quoirin disappearance: Timeline

3 August: The Quoirins arrive at the Dusun forest eco-resort

4 August: Nora disappears from her room

5 August: The Lucie Blackman Trust says Malaysian police are treating Nora's disappearance as a potential abduction, but officers deny any foul play is involved

6 August: Nora's family say they believe she has been abducted

11 August: Malaysian police set up a hotline dedicated to receiving information about teenager

12 August: A reward of £10,000 - donated by an anonymous Belfast business - is made available for information leading to Nora's safe return

13 August: A body is found in the search for Nora

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https://www.bbc.com/news/uk-england-london-49340903

2019-08-14 06:43:06Z
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Hong Kong Protesters Apologize After Chaos at Airport - The New York Times

HONG KONG — Protesters began issuing apologies on Wednesday for causing disruptions at the Hong Kong airport, as fallout from scenes of violence and chaos there, along with a court injunction, threatened to eliminate the transportation hub as one of their most effective venues for demonstrations.

Protests led the airport, one of the world’s busiest, to suspend check-ins for two days in a row this week, causing hundreds of flight cancellations and delivering a blow to a symbol of Hong Kong’s efficiency and economic prominence.

The airport said Wednesday that at 2 p.m. it would begin limiting terminal access to ticketed passengers and airport workers.

Demonstrations at the airport began Friday and stayed peaceful for days, as protesters made their case to many of the 200,000 passengers it handles each day. When disruptions to flights began on Monday, some travelers complained, but others said the movement to protect Hong Kong’s civil liberties was more important than their inconvenience.

Image
CreditLam Yik Fei for The New York Times

But uglier scenes developed on Tuesday, as a few scuffles broke out between protesters and travelers, who for the first time were being blocked from the departure gates. In the evening, with tensions rising, some protesters surrounded, tied up and beat two men from mainland China — one of whom they suspected of being a security officer, while the other proved to be a reporter for a Communist Party-owned newspaper.

Riot police officers briefly entered the front doors of the airport, and one drew but did not fire his pistol after a scuffle with protesters.

[Here’s a guide to what prompted the Hong Kong protests and how they evolved.]

On Wednesday, protesters seemed well aware of the negative image they had presented. “We apologize for our behavior but we are just too scared,” read one post on a messaging channel used by protesters, which gained wider distribution on other social media. “Our police shot us, government betrayed us, social institutions failed us. Please help us.”

“Please accept our sincere apology to all travelers, press reporters, paramedics,” read another post. “We will learn from our mistakes. Please give us a second chance to prove ourselves that we can be better.”

The protests — which began over a now-suspended plan to allow extraditions to mainland China, but have grown to include calls for more direct elections and investigations into the police’s use of force — have been largely leaderless. A march in June drew as many as two million people, according to organizers, and thousands have continued to join near-daily demonstrations.

Image
CreditLam Yik Fei for The New York Times

No single voice speaks for all the participants. Some embrace nonviolence, while others say confrontation is needed because the government has ignored the calls of peaceful protesters. Thus far, protesters have embraced overall messages of solidarity, despite differing beliefs about the best strategies.

The violence at the airport quickly received prominent coverage in mainland China’s state media, which, after initially ignoring the protests, has become laden with strident criticism and misinformation about them.

“What a shame for Hong Kong,” People’s Daily, the ruling Communist Party’s main mouthpiece, said in a message on social media.

A quote from the reporter who was beaten, “I support the Hong Kong police,” became a top trending term on Weibo, a Twitter-like platform. The reporter, Fu Guohao, is doing well and was not seriously injured, said Hu Xijin, editor in chief of Global Times, the nationalist tabloid that employs him.

“It’s the utmost disgrace for the protesters to treat a reporter like this,” Mr. Hu said in a message. “This shows that they have lost their rationality. Hatred has muddled their minds.”

Image
CreditLam Yik Fei for The New York Times

A spokesman for the Hong Kong and Macau Affairs office, the Chinese government agency that deals with the two cities, denounced the airport violence in a statement on Wednesday, calling it “conduct close to terrorism.”

Some protesters said that recent police tactics, including undercover officers apparently dressing as protesters to make arrests, had contributed to a sense of fear. Video of one recent arrest showed officers, one in the black T-shirt and yellow helmet commonly worn by demonstrators, grinding a protester’s bloodied face into the pavement.

“We hope everyone, including travelers in and out of Hong Kong, would also understand the stress, the panickiness, the suspicion, the restlessness involved in the crowd at the airport ever since the Hong Kong police force’s admission of masquerading a certain number of officers as protesters with the aim of getting them arrested,” Claudia Mo, a pro-democratic legislator, said at a news conference on Wednesday.

The Hong Kong Airport Authority said it had obtained an interim injunction to prevent interference with airport operations. It was not clear what immediate effect, if any, the injunction would have on the protests. Similar orders were used to allow workers, under the supervision of police officers and bailiffs, to dismantle protesters’ encampments during the large pro-democracy demonstrations that swept Hong Kong in 2014.

On Wednesday morning, a few dozen protesters remained in the airport, sitting in an area designated for protests. Parts of the arrivals halls were still covered with posters carrying their messages, which have focused in recent days on complaints about the police’s use of force.

“We are not rioters, we just love HK too much,” read one sign.

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https://www.nytimes.com/2019/08/14/world/asia/hong-kong-airport-protests.html

2019-08-14 06:13:40Z
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Nora Quoirin: Family 'heartbroken' after body found in Malaysia - BBC News

The family of British teenager Nora Quoirin, whose body has been found in Malaysia, have said their "hearts are broken".

Nora, who had special needs, was found just over a mile away from the Dusun resort on Tuesday.

The 15-year-old Londoner had been on holiday with her family when she disappeared from her room on 4 August.

In a statement, her family thanked the 350 people who had been hunting for Nora in dense jungle near the resort.

They added: "Nora has brought people together, especially from France, Ireland, Britain and Malaysia, united in their love and support for her and her family.

"She has truly touched the whole world.

"The cruelty of her being taken away is unbearable. Our hearts are broken."

Her cause of death has not yet been confirmed and Malaysian police said a post-mortem examination was under way.

Police said the teenager's parents confirmed the body discovered by a search team was their daughter.

Malaysia's deputy police chief Mazlan Mansor said Nora, who was of Irish-French descent, was found beside a stream in a "quite hilly" area of plantation, and was "not in any clothing".

Authorities have been treating her disappearance as a missing persons case, but her family have said they believe she may have been abducted.

Nora was born with holoprosencephaly, a disorder which affects brain development, and her family said she was "not independent and does not go anywhere alone".

On Monday, her parents Meabh and Sebastien, a French-Irish couple who have lived in London for 20 years, put up a 50,000 Malaysian ringgit (£10,000) reward for help to find her.

Nora, her parents and her younger brother and sister arrived at the resort in a nature reserve near Seremban, about 39 miles south of Kuala Lumpur, on 3 August for a two-week stay.

Nora Quoirin disappearance: Timeline

3 August: The Quoirins arrive at the Dusun forest eco-resort

4 August: Nora disappears from her room

5 August: The Lucie Blackman Trust says Malaysian police are treating Nora's disappearance as a potential abduction, but officers deny any foul play is involved

6 August: Nora's family say they believe she has been abducted

11 August: Malaysian police set up a hotline dedicated to receiving information about teenager

12 August: A reward of £10,000 - donated by an anonymous Belfast business - is made available for information leading to Nora's safe return

13 August: A body is found in the search for Nora

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https://www.bbc.com/news/uk-england-london-49340903

2019-08-14 06:13:17Z
52780351935419

Selasa, 13 Agustus 2019

Trump says he delayed tariffs because of concerns over Christmas shopping season - CNBC

President Donald Trump on Tuesday said that he was delaying some tariffs on Chinese imports ahead of the Christmas season to stem their potential impact on holiday shopping.

The Trump administration announced hours earlier that it would delay until Dec. 15 some of the tariffs that were originally scheduled to come into effect on Sept. 1.

"We're doing this for the Christmas season," Trump told reporters on an airport tarmac around noon Tuesday. "Just in case some of the tariffs would have an impact on U.S. customers."

"But so far they've had virtually none," the president added. "But just in case they might have an impact on people, what we've done is we've delayed it, so that they won't be relevant to the Christmas shopping season."

The acknowledgement that tariffs could harm holiday sales marks a shift for Trump, a self-described "tariff man" who has long claimed that the taxes on imports help the U.S. while applying pressure on China.

The U.S. trade representative said the delay would apply to a wide variety of goods, including certain electronics such as cellphones, laptops and video games.

A slew of Christmas-related products also appeared on the delay list. They include decorations for "Christmas festivities, nativity scenes and figures thereof," Christmas tree lights and ornaments.

No other items for specific holidays appear to be included in the delay list.

President-elect Donald Trump speaks at the USA Thank You Tour 2016 at the Wisconsin State Fair Exposition Center December 13, 2016, in West Allis, Wisconsin.

Don Emmert | AFP | Getty Images

Trump had announced in early August that he would slap 10% tariffs on the remaining $300 billion worth of Chinese goods that had so far avoided import duties. The White House has already imposed tariffs on $250 billion worth of imports from China.

China had already slapped retaliatory tariffs on $110 billion worth of U.S. imports; they responded to the most recent tariff threat by canceling all purchases of U.S. agriculture products.

The White House's move to back off on the hard-and-fast date for the new tariffs came as a sigh of relief for markets, which have been increasingly on edge amid the intensifying trade war between Beijing and Washington. Major indexes, which had been trading in the red before market open, shot up on the news.

Rising shares of tech companies, tech distributors and other retailers carried the market higher. Apple shares traded nearly 5% higher on the news and Best Buy soared more than 8%. Chipstocks also moved out of correction territory with the Semiconductor ETF down 8% from its July high.

Trump has long voiced full-throated support for tariffs. He regularly claims that China, not the U.S., bears the burden of the duties, and says that the U.S. is taking in "billions" from China.

Most economists are quick to point out that U.S. importers are the ones who directly pay the taxes, though tariffs can hurt China by making their goods more expensive for Americans to buy.

Trump's comments Tuesday came just before traveling from his New Jersey golf resort to the Shell Pennsylvania Petrochemicals Complex, where he will deliver remarks about U.S. energy and manufacturing.

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https://www.cnbc.com/2019/08/13/trump-says-he-delayed-tariffs-because-of-concerns-over-christmas-shopping-season.html

2019-08-13 16:49:42Z
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