China News & Trends
Being from the East gives us a competitive edge: Sano Takeshi
Takeshi Sano was recently in India. Sano took over as CEO of Densu Japan in January of this year and will shortly take on a new role as the network's deputy global COO. In the past 11 months, the ambitious Sano claims to have exchanged business cards with 2,900 people. Sano met more than 100 people at an event for the agency's clients while in India. Quotes from a discussion in which Yuichi Toyoda, global practice president of business transformation, and Harsha Razdan, CEO of Dentsu South Asia, also participated:For our Japanese clients, India is becoming a more significant strategic market. Of course, we care about the markets that matter to our clients. Additionally, a large number of Japanese customers intend to visit India, one of the economies with the quickest rates of economic growth. We hosted an event for our about 100 Japanese clients during my visit to demonstrate to them our combined strength from Dentsu Japan and Dentsu India. We wanted to let them know that we would also find a method to help them from Japan.Additionally, we wanted to inform the clients that Dentsu Japan is a partner for business transformation (BX) and customer experience (CX) in addition to being an advertising agency.In August, we introduced the Dentsu BX in India. We create creative strategies and solutions that tackle the intricate problems that our clients encounter by fusing marketing, technology, and consulting. Next year, we also want to open our R&D lab, Dentsu Labs, in Bengaluru and Mumbai. Since its founding in Japan in 2014, Dentsu Labs has begun to grow internationally, beginning in the EMEA (Europe, the Middle East, and Africa) region this year. It will hasten the development of innovations for society, businesses, and consumers.
Published 17 Dec 2024 08:32 PM
Moves and win roundup: Week of January 2, 2024
The media agency for Publicis Groupe, Starcom, has announced a new win: starting in 2024, Starcom Indonesia will serve as BMW Group's media agency of record, joining Starcom in China and Singapore, which will continue to hold that title in their respective regions. As the media agency of record in these markets, Starcom will oversee strategic planning, media buying, and business transformation for all of BMW Group's most iconic brands, including BMW and Mini, after a regional media assessment by BMW Group.Former chief marketing and customer officer of AXA Hong Kong Andrea Wong has left the company to become senior vice president of group marketing and communications at Shangri-La Group. As stated in a LinkedIn post, Wong will work with new colleagues “to further strengthen the hotel brands, create impactful marketing campaigns and PR efforts, and further build up the Shangri-La Circle propositions to deliver superior customer experience.” She will report to Kuok Hui Kwong, the chairman of the group. Wong joined AXA in 2008 and has worked there for more than 20 years. She was appointed CMO of AXA Hong Kong and Macau. To improve its social media marketing service, Innocean has formed a social marketing organization called Innocean S, which is scheduled to open for operation in January 2024. Span Wealth is the newest client of Human, an integrated agency based in Mumbai that was created by Imran Khan and Chirag Raheja. The agency's brief calls for giving the brand a fresh look, incorporating classic elegance, and developing an influential, forward-thinking online presence. With more than 500 crores of assets under management, Span Wealth is a wealth management firm situated in Mumbai. Dorothy Peng announced on LinkedIn that she has become a partner at Deloitte Consulting in Singapore. Peng will be focusing on design and customer strategy in Southeast Asia. She spent more than eight years as an employee of RGA before joining Deloitte. In 2015, she started working for the agency as a group account director. In 2022, she received a promotion to SVP managing director Asia.
Published 24 Jan 2024 12:50 PM
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Today's stock market: Asian stocks are divided as Wall Street emerges from its holiday-season slump
HONG KONG (AP) — Following Wall Street's recovery from the holiday season blues, Asian stocks are uneven, with markets in China and Tokyo seeing declines.As Tokyo's market reopened following the lengthy customary holiday, the finance minister of Japan rang in the New Year, and employees wearing suits and kimonos applauded for good fortune in 2025.Katsunobu Kato, the finance minister, declared that the Japanese government would take action to assure economic growth driven by investment and salary rises. He also promised to "grasp signs of recovery" and make sure that "every single citizen can feel the improvement in their salaries."Much of Asia has been wary of possible changes under President-elect Donald Trump, who has pledged to drastically increase tariffs on imports from China and other nations, which might impede growth for a region that depends significantly on trade. After U.S. President Joe Biden turned down Nippon Steel's roughly $15 billion offer to buy Pittsburgh-based U.S. Steel Corp., the company was predicted to file a lawsuit. On Monday, Nippon Steel's stock dropped 0.7% in Tokyo. On Friday, U.S. Steel's stock fell 6.5%. Hong Kong's Hang Seng fell 0.5% to 19,654.82, while Tokyo's benchmark Nikkei 225 index fell 1.6% to 39,258.25. At 3,194.20, the Shanghai Composite index fell 0.5%.
Published 06 Jan 2025 10:33 PM
A significant change in China's monetary policy sparked a stock market boom. Yet 'a lot of instability' remains a threat.
Monday saw a surge in Chinese stocks following the nation's indication of a more aggressive stimulus plan for the upcoming year. According to China state media Xinhua News Agency, Beijing's senior leaders announced they will adopt a "more proactive" fiscal policy and a "moderately loose" monetary policy.Hui Shan, the chief China economist at Goldman Sachs, wrote in a note to clients on Monday, "We view the outcome as an upside surprise due to stronger easing rhetoric, relative to the low market expectations prior to the meeting." The team also anticipates the announcement of "more concrete demand-side stimulus measures" early next year. Interestingly, the economist notes that China last referred to its monetary policy stance as "moderately loose" in 2009–2010.Following the remarks, Hong Kong's benchmark Hang Seng Index (^HSI), which is dominated by huge Chinese stocks, increased by almost 3% on Monday. The upward movements were echoed by other Chinese-listed corporations and exchanges. On Monday, China's benchmark CSI 300 (000300.SS) increased by more than 1%. Chinese e-commerce behemoths Alibaba (BABA), PDD Holdings (PDD), and JD.com (JD) also saw at least 9% increases in their stock prices. XPeng (XPEV, 9868.HK), a Chinese manufacturer of electric vehicles, too had double-digit growth, increasing by about 14%.
Published 10 Dec 2024 11:07 PM
To stop diversion to China, the US tightens regulations on cutting-edge computer processors.
Reuters, Washington, January 15 In an effort to stop high-end chips from being diverted to China, the US tightened regulations on advanced computer semiconductors on Wednesday, according to the Commerce Department.According to the report, the new regulations place more stringent licensing requirements on chip manufacturers and packaging firms looking to export specific cutting-edge semiconductors. According to Commerce, they expand on previous actions meant to prevent China from obtaining specific semiconductors that are essential for military advantage.In an effort to slow down China's technological achievements, the US has tightened regulations for firms like Nvidia and imposed broad new laws restricting the sale of artificial intelligence (AI) processors. The worldwide AI chip market, particularly the Indian market, may be significantly impacted by these new regulations. The new regulations, which are expected to go into force in a year, place stringent restrictions on the processing capacity of AI chips that are marketed in the majority of nations. There are exceptions for allies who follow the security and human rights guidelines that the US has established. The intent of these new regulations is to stop enemies, especially China and Russia, from using cutting-edge AI technology for surveillance or military objectives."Trade-offs are necessary for managing national security threats. In a White House blog post, US Commerce Secretary Gina Raimondo stated, "This rule guarantees our allies can access advanced technology while protecting our interests." In order to guarantee that AI development complies with US requirements, the laws expand upon earlier chip export controls. “This rule ensures that the infrastructure for frontier AI systems remains in America or allied jurisdictions, preventing offshoring similar to what occurred with chips and batteries,” said National Security Advisor Jake Sullivan in a formal statement.
Published 15 Jan 2025 08:48 PM
China is constructing the biggest artificial island airport in the world.
The largest airport in the world on an artificial island is another impressive addition to China's aviation portfolio.According to an airport statement, the Dalian Jinzhou Bay International Airport, which is currently being built off the northeast coast of the country, will eventually span a 20-square-kilometer (7.7-square-mile) island with four runways and a passenger terminal that is 900,000 square meters (969,000 square feet).With the first phase scheduled to open in 2035, its operators hope to handle 80 million people annually across 540,000 flights.According to a tweet made by Dalian Jinzhou Bay International on the Chinese social networking site WeChat, "The nation's largest offshore airport is slowly rising from the sea level like the sunrise in the east."When finished, it will surpass Japan's Kansai Airport (KIX) and Hong Kong International Airport (HKG) as the largest airport on an artificial island in the world. Li Xiang, chief engineer of Dalian Airport Construction and Development Co., Ltd., told state-run local media in October that the project had experienced significant difficulties due to its complex geological conditions, high drilling difficulty, high quality demand, and tight construction schedule. The 7.5 million-person metropolis of Dalian has traditionally served as a transportation hub because of its close proximity to South Korea and Japan. According to Yicai, a state-affiliated daily, Dalian Zhoushuizi Airport, the city's international airport that has been in operation for almost a century, has already reached its maximum capacity and has undergone multiple expansions in recent years. According to state-run local media, the city began site selection and demonstration work on the new airport in 2003, but building only really got underway a few years ago. The expansion of China's aviation industry is mostly due to new airports. The nation is poised to overtake the US as the largest air travel market globally. Daxing (PKX), Beijing's second airport, opened with much fanfare on October 1, 2019, the 70th anniversary of the People's Republic of China's founding. Chinese officials at the time stated the
Published 19 Dec 2024 11:08 PM
"LAC Situation Stable But Sensitive, No Friction In A Year" : the Army Chief of Staff
There haven't been any more areas of friction between China and India in the past year, Chief of Army Staff General Manoj Pande stated on Monday, despite maintaining that the situation along the Line of Actual Control (LAC) is stable "but sensitive." The Chief of Army Staff stated in an interview with ANI that since April 2020, there have been 20 meetings of senior higher military commanders and 14 meetings of the Working Mechanism for Consultation and Coordination on China-India Border Affairs.The Line of Actual Control (LAC) situation is sensitive but stable. We haven't had any more conflict areas in this over the past year or so. Regarding our efforts to find a solution, we are still in communication and dialogue with the enemy on a military and diplomatic level, General Pande stated."Since April 2020, we have held 14 WMCC meetings and 20 senior higher military commander level meetings," he stated. We therefore hope that through these discussions, a solution can be reached." The 3,488 km border between India and China passes through Arunachal Pradesh, Himachal Pradesh, Uttarakhand, Sikkim, and Jammu and Kashmir. Since May 2020, when the Chinese troops tried to aggressively change the status quo on LAC in eastern Ladakh, both sides have been deployed in forward positions near Patrolling Point 15, which emerged as a friction point in the wake of the Galwan clash.General Pande gave a briefing on the Army's readiness levels along the northern border, stating, "We are maintaining adequate reserves to be able to deal with any contingencies and our deployment remains robust as well as balanced." "As all of this is going on, we are also concentrating on strengthening our capacity in these domains by introducing better systems, modernizing our fleet, and introducing safer vehicles, drones for surveillance, improved radio sets for communication, etc. We are concentrating on and exerting effort on infrastructure development at the same time. Be it the habitat, forward connectivities to the LAC, or strategic road connectivity...it also includes extending power supply to our forward troops, improving communication in terms of 5G communication to our troops deployed in forward areas," the Army chief said. "We are also working alongside other government agencies, local administration and the local population to make sure that our preparedness levels along the LAC always remain high," he stated.
Published 29 Jan 2024 05:14 PM
Chinas changes to its monetary policy to support economic recovery
A number of monetary policy changes were announced by the People's Bank of China (PBOC) on Wednesday with the goal of boosting liquidity and encouraging national economic expansion. Reducing the reserve requirement ratio (RRR) is one of the PBOC's primary actions. The RRR is the amount of cash that banks are required to hold as reserves. The PBOC will lower the RRR by 0.5 percentage point, effective from February 5, 2024. This move will inject 1 trillion yuan ($139.45 billion) into the market, thereby increasing liquidity. Beginning on January 25, 2024, the PBOC will reduce the re-lending and rediscount rates by 0.25 percentage points, from 2 percent to 1.75 percent, in addition to the RRR reduction. It is anticipated that this cut will lower social financing's overall cost, accelerating economic recovery. The announcement of these policy adjustments has had a positive impact on the Chinese stock market. Following the news, the Shanghai Composite Index climbed by 1.80 percent, while the Shenzhen Component Index and the ChiNext Index increased by one percent and 0.51 percent, respectively.JLL Greater China's chief economist and head of research, Bruce Pang, emphasized the PBOC's dedication to a steady and exacting monetary policy. The goals are to support credit allocation to the real economy, guarantee stable liquidity in the banking system, and lower funding costs for financial institutions. In spite of the challenges posed by the global economy, financial institutions and markets in China remain stable, as PBOC Governor Pan Gongsheng reassured.The PBOC plans to enhance its financial risk monitoring and assessment capabilities. It seeks to create a system for resolving financial risks that strikes a balance between accountability and authority. This initiative reflects the PBOC's commitment to managing financial risks and maintaining stability in the face of global economic challenges. The PBOC plans to use a range of monetary policy instruments in the future to ensure that there is enough liquidity. Aligning the money supply and social financing with targets for price level and economic growth is the aim. Additionally, the PBOC wants to enhance financial services for the actual economy, especially by helping small and private companies. Zhu Hexin, deputy governor of the PBOC and head of the State Administration of Foreign Exchange, predicts that the stability of China's cross-border capital flows will further improve in 2024. The current account is expected to maintain a reasonable surplus, with an increase in foreign capital inflows under the capital account.The recent monetary policy adjustments by the PBOC reflect China's proactive approach to navigating its economic trajectory amid global uncertainties. By reducing the RRR and cutting re-lending and re-discount rates, the PBOC aims to enhance liquidity, support economic growth, and ensure stability in the banking system.
Published 24 Jan 2024 05:46 PM
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BRICS Summit, 2024, at night After six years, Narendra Modi and Chinese President Xi Jinping will have formal meetings.
During the BRICS summit in Russia on Wednesday, Chinese President Xi Jinping and Prime Minister Narendra Modi will have their first formal meeting since border tensions broke out in eastern Ladakh in May 2020, according to PTI.A day after China and India reached a deal on military patrols along the Line of Actual Control (LAC) in eastern Ladakh, Foreign Secretary Vikram Misri made the statement. According to the newspaper, the agreement is regarded as a significant step in attempts to resolve the four-year military standoff between the two countries. "I can confirm that there will be a bilateral meeting between PM Modi and President Xi Jinping tomorrow (Wednesday) on the sidelines of the BRICS Summit," Misri was quoted as saying by PTI.This will be Modi and Xi's first formal meeting since tensions erupted along the border, notwithstanding their brief niceties at the 2022 G20 summit in Indonesia. According to a PTI report, the two leaders last spoke casually during the BRICS meeting in Johannesburg in August 2023.
Published 23 Oct 2024 05:46 PM
Says Chinas Xi, Putins Re-Election Fully Reflects Russian Peoples Support
Chinese President Xi Jinping informed his Russian counterpart that his reelection "fully reflects the support of the Russian people" in a congrats letter sent on Monday, according to Beijing's official media. As of Monday, official election data indicated that Putin had received 87.33 percent of all votes cast, with 99 percent of polling places having submitted results, as reported by state news agency RIA. In a presidential election where he had no real competition, Putin achieved a record-breaking win, despite the polls' criticism.Xi addressed Putin, saying, "Your re-election fully reflects the support of the Russian people for you," as reported by state broadcaster CCTV. "In recent years, the Russian people have united as one to overcome challenges and move forward steadily on the road to national development and revitalisation," according to Xi. "I believe that under your leadership, Russia will be able to achieve greater achievements in national development and construction," he stated. "China attaches great importance to the development of China-Russia relations and is willing to maintain close communication with Russia to promote the sustained, healthy, stable and in-depth development of (bilateral ties)," said Xi.bolster relationships According to Russian state news agency TASS, Putin praised Beijing, his important ally, saying he was "sure that in the coming years we will only strengthen and build up our relations and achieve common successes for the benefit of the Chinese and Russian peoples." "The alignment of state interests is the most crucial factor. According to reports, Putin said, "This sets a very good tone for solving common problems in the field of international relations."
Published 18 Mar 2024 05:27 PM
President Muizzu of the Maldives arrives in China for a closely monitored state visit
The visit to China by Maldivian President Mohamed Muizzu takes place against the backdrop of a diplomatic spat between India and the Maldives following remarks made disparagingly about Prime Minister Narendra Modi. At the invitation of Chinese President Xi Jinping, Maldivian President Mohamed Muizzu landed in China on Monday and will stay for five days till January 12, according to an official announcement.During his visit, Muizzu is also expected to meet with business executives and senior Chinese government officials at the "Invest Maldives Forum," according to the presidency. China is currently the Maldives' biggest creditor; Male owes Beijing around $1.3 billion in debt obligations. Beijing is among the nation's largest investors and economic partners; in 2017, the two governments signed a Free Trade Agreement (FTA). The Maldives has also ratified the Belt and Road Initiative (BRI), which is supported by Beijing.
Published 17 Jan 2024 06:38 PM
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Sports Trend
AI will be used by the Japan Sports Agency to help athletes
Published 06 Jan 2025 09:18 PM
China is on the verge of a shocking Asian Cup exit, while Tajikistan is making history
Published 24 Jan 2024 05:11 PM
Chinese chess champion allegedly used anal beads and was banned for a year after pissing in the bathtub" After defecating in a bathtub and being accused of cheating, 48-year-old Yan Chenglong, the rec
Published 16 Jan 2024 01:48 AM
Events
BRICS Summit, 2024, at night After six years, Narendra Modi and Chinese President Xi Jinping will have formal meetings.
During the BRICS summit in Russia on Wednesday, Chinese President Xi Jinping and Prime Minister Narendra Modi will have their first formal meeting since border tensions broke out in eastern Ladakh in May 2020, according to PTI.A day after China and India reached a deal on military patrols along the Line of Actual Control (LAC) in eastern Ladakh, Foreign Secretary Vikram Misri made the statement. According to the newspaper, the agreement is regarded as a significant step in attempts to resolve the four-year military standoff between the two countries. "I can confirm that there will be a bilateral meeting between PM Modi and President Xi Jinping tomorrow (Wednesday) on the sidelines of the BRICS Summit," Misri was quoted as saying by PTI.This will be Modi and Xi's first formal meeting since tensions erupted along the border, notwithstanding their brief niceties at the 2022 G20 summit in Indonesia. According to a PTI report, the two leaders last spoke casually during the BRICS meeting in Johannesburg in August 2023.
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China is prepared to increase cooperation with Mongolia and Russia.
Reuters, Beijing, October 16 At a meeting with his neighbors on the sidelines of a Shanghai Cooperation Organization (SCO) summit on Wednesday, China's Premier Li Qiang suggested further three-way relations with Russia and Mongolia, according to official media.In recent years, the three have become closer. This year, China and Mongolia both threw open their arms to Russian President Vladimir Putin, just as Moscow did for China's Xi Jinping in 2023, and Beijing did the same for Mongolia's president.According to the official news agency Xinhua, Li, China's second-ranking official, stated that "China is ready to work with Russia and Mongolia to further enhance mutual trust, strengthen coordination and promote deeper... trilateral co-operation."He was addressing L. Oyun-Erdene, the prime minister of Mongolia, and Mikhail Mishustin, the prime minister of Russia.Since 2004, Mongolia has opted to remain an observer state and is not a member of the SCO, a China-led Eurasian security bloc. Nevertheless, China is still gently pressuring its smaller neighbor to join the ten-nation bloc. Officials from the United States are also pursuing the resource-rich, landlocked nation, which has pledged to invest in its heavy industry and mining. However, Washington criticized Ulaanbaatar for hosting Putin in September despite the International Criminal Court in The Hague issuing an arrest order for him. If the Russian president enters any of the 124 nations that make up the court's membership, including Mongolia, he is often required by such a warrant to be arrested and taken to the Hague for trial.A large pipeline that Russia intends to construct to transport 50 billion cubic meters of natural gas annually from the Yamal area to China passes through Mongolia. Li told Mishustin in a separate meeting that China was open to deepening its energy and commerce relations with Russia, according to Chinese state media.
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ChinaJoy 2024 Mobile App Advertising Event
What is ChinaJoy Event and all about the event? Shanghai, China hosts ChinaJoy, officially known as the China Digital Entertainment Expo and Conference, every year as a digital entertainment event. This exhibition is the biggest of its kind in Asia and China for video games and digital entertainment. Organizers: Game Connection & ChinaJoy Date: 26-28 July, 2024 Venue: Shanghai New International Expo Centre (SNIEC) ADZ Junction Media Exhibition Details: Booth #IG-061, Hall #5 at ChinaJoy ChinaJoy, 2024 event is divided and categorized in two parts which are: - Indie Game Expo: To present their games and network with publishers and investors, foreign game creators are welcome to come to ChinaJoy's exclusive Indie Game Expo. Indie Game Development Awards: submit your games for publisher assessment and win one or more to gain the recognition you deserve. Why China Joy? A major event for the digital entertainment sector, China Joy showcases the newest in gaming, hardware, software, and related services. It serves as a center for knowledge sharing, networking, and looking into new business ventures. With cutting-edge trends and technologies on exhibit, this year looks to be especially intriguing.What is ChinaJoy Event and all about the event? Shanghai, China hosts ChinaJoy, officially known as the China Digital Entertainment Expo and Conference, every year as a digital entertainment event. This exhibition is the biggest of its kind in Asia and China for video games and digital entertainment. Organizers: Game Connection & ChinaJoy Date: 26-28 July, 2024 Venue: Shanghai New International Expo Centre (SNIEC) ADZ Junction Media Exhibition Details: Booth #IG-061, Hall #5 at ChinaJoy ChinaJoy, 2024 event is divided and categorized in two parts which are: - Indie Game Expo: To present their games and network with publishers and investors, foreign game creators are welcome to come to ChinaJoy's exclusive Indie Game Expo. Indie Game Development Awards: submit your games for publisher assessment and win one or more to gain the recognition you deserve. Why China Joy? A major event for the digital entertainment sector, China Joy showcases the newest in gaming, hardware, software, and related services. It serves as a center for knowledge sharing, networking, and looking into new business ventures. With cutting-edge trends and technologies on exhibit, this year looks to be especially intriguing. Read more about the upcoming biggest event of 2024 which is happening in Shanghai, Chaina at the end of July, 2024.
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Qiang New Year: A lavish celebration of peace, agriculture, and customs
The largest and most significant customary celebration for the Qiang ethnic group is the Qiang New Year Festival, which typically takes place on the first day of the tenth month in the conventional Chinese calendar. The main themes of Qiang New Year are blessings, peace prayers, and harvest celebration. The straightforward and antiquated ceremonial practices create a distinctively rich cultural ambiance that embodies the peculiarities of Qiang culture. The Qiang people are a long-standing ethnic group with thousands of years of history. Their distinct traditional culture has developed as a result of living in high mountain valleys and a secluded, closed environment; Qiang New Year is one such example.Although the history of the Qiang New Year is unknown, it is believed to have started earlier than the Qin Dynasty (221-207 BC). It is a comprehensive folk festival that blends religious beliefs, historical legends, music, dance, and cuisine because of the solemnity of its rituals and the meticulousness of its sacrifices, particularly in the ceremonies. Its content reflects early agricultural activities in large part, with many cultural artifacts from the hunting and nomadic periods remaining. When Qiang New Year arrives, each village holds elaborate celebrations, usually lasting from three to five days, and in some villages as long as 10 days, with slight variations from region to region. The main events of the celebrations are entertainment and sacrifices. The sacrificial activities include offerings to heaven, earth, ancestors, and village deities, while the entertainment includes feasting, drinking, enjoying delicacies, singing and dancing. The Qiang New Year Festival was acknowledged for its significance and the need for its preservation in 2009 when it was added to UNESCO's Representative List of the Intangible Cultural Heritage of Humanity.
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Each State may field a tableau once every three years under the new R-Day agreement; the Maldives signs 20 deals with China amid a diplomatic spat with India, and more
A Taiwan-based Buddhist monastic order based in Delhi has been authorized to accept foreign donations under the Foreign Contribution (Regulation) Act (FCRA), 2010. For its "religious, cultural, economic, educational, and social" agenda, the Fo Guang Shan Cultural and Educational Center has been registered with the FCRA. In the first month of the year, thirty associations and Non-Governmental Organizations (NGOs) were awarded FCRA registration.Following talks between Maldivian President Mohamed Muizzu and Chinese President Xi Jinping on Wednesday, the two nations inked 20 important agreements, including one on tourism collaboration, elevating their bilateral ties to a comprehensive strategic cooperative partnership. The two chiefs of state declared the elevation of bilateral ties to a Comprehensive Strategic Cooperative Partnership, state-run Xinhua news agency said.The Maldivian President's office stated in a post on X that "20 key agreements were signed today between the Government of the Maldives and the Government of China this afternoon and both the Presidents witnessed the signing ceremony." One tourism cooperation agreement, catastrophe risk reduction, the blue economy, bolstering investment in the digital economy, and the Belt and Road Initiative were among the agreements signed. The Maldives will also get grant support from China, albeit the precise sum was not made public. At the Great Hall of People, Muizzu and his spouse Sajida Mohammad were greeted ceremoniously on the red carpet. Later, in honor of them, President Xi and his spouse Peng Liyuan gave a state banquet. Muizzu's official visit to China coincides with a diplomatic dispute between India and China over disparaging remarksBefore returning to Male on January 12, Muizzu is anticipated to meet with senior authorities and Chinese Premier Li Qiang in addition to his discussions with Xi. Muizzu spent two days in the Chinese city of Fujian before arriving in Beijing last night. During his Tuesday speech at the Maldives Business Forum in Fujian Province, Muizzu urged China to "intensify" its efforts to increase the number of visitors to his nation. In the midst of a diplomatic spat with India over disparaging remarks made by his ministers against Prime Minister Narendra Modi, Muizzu is on a state visit to China. The report, which was released by the EU Election Observation Mission of the Maldives, claims that the ruling coalition of the People's National Congress (PNC) and the Progressive Party of the Maldives (PPM) used anti-India sentiments and attempted to spread disinformation during the 2023 presidential elections, which Muizzu won.Considered a pro-China leader, Muizzu is currently in China amid the conflict with India sparked by some Maldivian ministers posting disparaging remarks about Prime Minister Modi. This caused a wave of Indian tourists, who make up the majority of visitors to the island nation dependent on tourism, to cancel reservations.Before returning to Male on January 12, Muizzu is anticipated to meet with senior authorities and Chinese Premier Li Qiang in addition to his discussions with Xi. Muizzu spent two days in the Chinese city of Fujian before arriving in Beijing last night. During his Tuesday speech at the Maldives Business Forum in Fujian Province, Muizzu urged China to "intensify" its efforts to increase the number of visitors to his nation.
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Nishino Hideaki Hermen Hulst will remain as head of PlayStation Studios after being promoted to sole CEO of SIE.
As part of a leadership change at Sony and PlayStation, Hideaki Nishino has been named as the sole CEO and president of Sony Interactive Entertainment (SIE). Sony said Tuesday that Nishino, who was named SIE co-CEO in charge of Platform Business Group in June 2024, will start his new position on April 1, 2025. Hermen Hulst, who was named PlayStation's co-CEO in charge of Studio Business Group last year, will now report to Nishino rather than sharing leadership of SIE as a result of the leadership change. However, Sony stated that Hulst will remain in charge of PlayStation Studios. The firm stated in a news statement that Nishino was named CEO of the Platform Business Group with effect from June 1, 2024, joining Hermen Hulst as CEO of the Studio Business Group. This represents an evolution intended to maximize synergies across SIE, which was announced in May 2024.The Sony Group Names a New CEO The parent company of PlayStation also declared that, as of April 1, Hiroki Totoki, the president, COO, and CFO of Sony Group Corporation, will resign from his role as SIE Chairman to assume leadership as the firm's president and CEO. Furthermore, SIE's SVP of Finance, Corporate Strategy, and Development, Lin Tao, will be elevated to the position of CFO at Sony Group.
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Putin directs Russia's leading bank and government to work with China on AI.
Vladimir Putin promised to "ensure further co-operation with the People's Republic of China in technological research and development in the field of artificial intelligence" to the government and Sberbank, which is leading Russia's AI initiatives. According to the UK-based Tortoise Media's Global AI Index, Russia is now ranked 31st out of 83 countries in terms of AI deployment, innovation, and investment. This places it far behind China, the United States, and other BRICS nations like Brazil and India.The Russian government and Sberbank, the nation's largest bank, have been instructed by President Vladimir Putin to expand their artificial intelligence collaboration with China. Three weeks after Putin declared that Russia would collaborate with BRICS partners and other nations to create artificial intelligence, his directives were posted on the Kremlin's website on Wednesday. To "ensure further co-operation with the People's Republic of China in technological research and development in the field of artificial intelligence," he advised the government and Sberbank, which is leading Russia's AI efforts.The world's leading manufacturers of microchips have stopped exporting to Russia as a result of Western sanctions meant to limit Moscow's access to the technologies it needs to continue its war against Ukraine, significantly limiting its aspirations in the field of artificial intelligence. In 2023, German Gref, the CEO of Sberbank, admitted that the most difficult hardware for Russia to replace was graphics processing units (GPUs), which are the microchips that support AI development.
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How China Cannot Use Its Technology for Artificial Intelligence Because of US Intervention
The Biden administration is proposing requiring US cloud companies to determine whether foreign entities are accessing US data centers to train AI models, US Commerce Secretary Gina Raimondo said on Friday. "We can't have non-state actors or China or folks who we don't want accessing our cloud to train their models," Raimondo said in an interview with Reuters. "We use export controls on chips," she noted. "Those chips are in American cloud data centers so we also have to think about closing down that avenue for potential malicious activity." The Biden administration is taking a series of measures to prevent China from using US technology for artificial intelligence, as the burgeoning sector raises security concerns. The "know your customer" rule that was proposed was made available to the public on Friday and will be published the following Monday. It is significant, according to Raimondo. The US is "trying as hard as we can to deny China the compute power that they want to train their own (AI) models, but what good is that if they go around that to use our cloud to train their models?" she stated. Raimondo stated last month that Nvidia would not be permitted by Commerce "to ship is the most sophisticated, highest-processing-power AI chips, which would enable China to train their frontier models."For a variety of national security reasons, the US government is concerned about China developing sophisticated AI systems, so it has taken action to prevent Beijing from obtaining cutting-edge US technologies to bolster its armed forces. Under the proposed legislation, foreign nationals who register for or keep accounts using US cloud computing would have to provide identification through a "know-your-customer program or Customer Identification Program." Additionally, cloud computing companies would have to certify compliance on an annual basis, and it would set minimum standards for identifying foreign users.Raimondo said US cloud computing companies "should have the burden of knowing who their biggest customers are training the biggest models, and we're trying to get that information. With that information, what will we do? Depending on what we discover. President Joe Biden in October signed an executive order requiring developers of AI systems that pose risks to US national security, the economy, public health or safety to share the results of safety tests with the US government before they are released to the public.The Commerce Department intends to request those surveys from businesses in the near future. Companies will have 30 days to reply, Raimondo told Reuters. "Any company that doesn't want to comply is a red flag for me," she stated. Biden's "illegal" executive order is being implemented by Commerce, according to Carl Szabo, general counsel at the tech industry trade group NetChoice, "to force industry reporting requirements for AI." He went on to say that making US cloud providers disclose how non-US organizations were using their resources "for training large language models could deter international collaboration."
Published 27 Jan 2024 06:23 PM
China launches commercial carrier rocket Lijian-1 Y3
Five satellites were placed into predetermined orbit by China's commercial carrier rocket Lijian-1 Y3, which was launched on Tuesday at 12:03 p.m. from the Jiuquan Satellite Launch Center in northwest China. Taijing-1 03, Taijing-2 02 and 04, Taijing-3 02, and Taijing-4 03 were the five satellites, which were primarily used for environmental surveys, space probes, and scientific research. The launch set new records in China's multiple satellite platforms and payload technologies.The rocket was painted with the Chinese Ministry of Culture and Tourism's logo, which depicts the traditional Chinese Loong (Dragon), in honor of the new Chinese year. The mission was carried out in extremely cold temperatures—down to minus 20 degrees Celsius—which further confirmed its adaptability to different conditions. The Chinese Academy of Sciences (CAS) Institute of Mechanics in collaboration with CAS Space created the Lijian-1. Its dimensions for the 500-kilometer sun-synchronous orbit are as follows: total length of 30 meters, diameter of the core stage 2.65 meters, takeoff weight of 135 tons, takeoff thrust of 200 tons, and carrying capacity of 1,500 kg.The solid-propellant carrier rocket was first launched in July 2022, and has already sent 37 satellites into space. Its launch success rate is 100 percent. The mission was the third launch of the Lijian-1 carrier rocket.
Published 24 Jan 2024 05:52 PM
Chinas changes to its monetary policy to support economic recovery
A number of monetary policy changes were announced by the People's Bank of China (PBOC) on Wednesday with the goal of boosting liquidity and encouraging national economic expansion. Reducing the reserve requirement ratio (RRR) is one of the PBOC's primary actions. The RRR is the amount of cash that banks are required to hold as reserves. The PBOC will lower the RRR by 0.5 percentage point, effective from February 5, 2024. This move will inject 1 trillion yuan ($139.45 billion) into the market, thereby increasing liquidity. Beginning on January 25, 2024, the PBOC will reduce the re-lending and rediscount rates by 0.25 percentage points, from 2 percent to 1.75 percent, in addition to the RRR reduction. It is anticipated that this cut will lower social financing's overall cost, accelerating economic recovery. The announcement of these policy adjustments has had a positive impact on the Chinese stock market. Following the news, the Shanghai Composite Index climbed by 1.80 percent, while the Shenzhen Component Index and the ChiNext Index increased by one percent and 0.51 percent, respectively.JLL Greater China's chief economist and head of research, Bruce Pang, emphasized the PBOC's dedication to a steady and exacting monetary policy. The goals are to support credit allocation to the real economy, guarantee stable liquidity in the banking system, and lower funding costs for financial institutions. In spite of the challenges posed by the global economy, financial institutions and markets in China remain stable, as PBOC Governor Pan Gongsheng reassured.The PBOC plans to enhance its financial risk monitoring and assessment capabilities. It seeks to create a system for resolving financial risks that strikes a balance between accountability and authority. This initiative reflects the PBOC's commitment to managing financial risks and maintaining stability in the face of global economic challenges. The PBOC plans to use a range of monetary policy instruments in the future to ensure that there is enough liquidity. Aligning the money supply and social financing with targets for price level and economic growth is the aim. Additionally, the PBOC wants to enhance financial services for the actual economy, especially by helping small and private companies. Zhu Hexin, deputy governor of the PBOC and head of the State Administration of Foreign Exchange, predicts that the stability of China's cross-border capital flows will further improve in 2024. The current account is expected to maintain a reasonable surplus, with an increase in foreign capital inflows under the capital account.The recent monetary policy adjustments by the PBOC reflect China's proactive approach to navigating its economic trajectory amid global uncertainties. By reducing the RRR and cutting re-lending and re-discount rates, the PBOC aims to enhance liquidity, support economic growth, and ensure stability in the banking system.
Published 24 Jan 2024 05:46 PM
Northeastern Chinas luxury car is adorned with a distinctive floral pattern.
As crowds of tourists continue to pour into China's northeastern provinces during the peak winter travel season, vibrant flower prints are proving to be a popular trend there. This Rolls-Royce is parked in a mall in Shenyang, Liaoning Province, and is covered in the brand's iconic floral print. Featuring detailed images of birds and flowers, the pattern plasters most of the visible surface of the luxury car, including the wheel covers. A Rolls-Royce covered in a floral pattern was photographed at a shopping center in Shenyang, Liaoning Province, on January 23, 2024. /IC
Published 24 Jan 2024 05:38 PM
Chinese envoy finds it unacceptable that the Israeli leadership is rejecting the two-state solution.
" A Chinese envoy stated on Tuesday that the Israeli leadership's rejection of the two-state solution is intolerable. Chinese permanent representative to the UN, Zhang Jun, stated that the two-state solution is the only practical means of bringing peace to Palestine and Israel and that it is also a serious prerequisite for the execution of pertinent Security Council resolutions. Chinese envoy stated on Tuesday that the Israeli leadership's rejection of the two-state solution is intolerable. Chinese permanent representative to the UN, Zhang Jun, stated that the two-state solution is the only practical means of bringing peace to Palestine and Israel and that it is also a serious prerequisite for the execution of pertinent Security Council resolutions.The remarks made by the Israeli leadership last week, which rejected the two-state solution and denied Palestine the right to become a state, give us great concern. This is intolerable,"" he declared during a high-level Security Council open discussion. Chinese envoy stated on Tuesday that the Israeli leadership's rejection of the two-state solution is intolerable. The process of establishing an independent Palestinian state must be final. China is in favor of Palestine's immediate full membership in the UN as a first step in the process. Under the current circumstances, the Security Council needs to send a clear and unequivocal signal, reaffirming the urgency of the two-state solution as the sole feasible way out, he said. Chinese envoy stated on Tuesday that the Israeli leadership's rejection of the two-state solution is intolerable. Zhang stated that for the time being, an immediate cease-fire must be given top priority. Extended hostilities will only increase the death toll and further distance us from peace. An instantaneous ceasefire is a necessity for all parties, not just one specific party. He stated that it is a fundamental requirement for achieving peace, freeing hostages, extending humanitarian aid, and saving lives. Israel needs to stop destroying Gaza and launching indiscriminate military attacks on it right away. He said that all pertinent members of the international community ought to use diplomacy to encourage an instant ceasefire.Chinese envoy stated on Tuesday that the Israeli leadership's rejection of the two-state solution is intolerable. All possible measures should be taken to stop the situation from spreading to the Red Sea and the surrounding areas while advocating for a ceasefire in Gaza. He said that China urges all sides to use caution and refrain from taking any steps that might cause the tension to rise. Zhang demanded that steps be taken to remove barriers that stand in the way of the expansion of aid to Gaza. The full implementation of Security Council Resolutions 2712 and 2720 is imperative. And Israel needs to help with that 100%. He stated that in order to guarantee safe, prompt, and unimpeded humanitarian access to Gaza, the Security Council should be prepared to act further. "
Published 24 Jan 2024 05:32 PM
Qiang New Year: A lavish celebration of peace, agriculture, and customs
The largest and most significant customary celebration for the Qiang ethnic group is the Qiang New Year Festival, which typically takes place on the first day of the tenth month in the conventional Chinese calendar. The main themes of Qiang New Year are blessings, peace prayers, and harvest celebration. The straightforward and antiquated ceremonial practices create a distinctively rich cultural ambiance that embodies the peculiarities of Qiang culture. The Qiang people are a long-standing ethnic group with thousands of years of history. Their distinct traditional culture has developed as a result of living in high mountain valleys and a secluded, closed environment; Qiang New Year is one such example.Although the history of the Qiang New Year is unknown, it is believed to have started earlier than the Qin Dynasty (221-207 BC). It is a comprehensive folk festival that blends religious beliefs, historical legends, music, dance, and cuisine because of the solemnity of its rituals and the meticulousness of its sacrifices, particularly in the ceremonies. Its content reflects early agricultural activities in large part, with many cultural artifacts from the hunting and nomadic periods remaining. When Qiang New Year arrives, each village holds elaborate celebrations, usually lasting from three to five days, and in some villages as long as 10 days, with slight variations from region to region. The main events of the celebrations are entertainment and sacrifices. The sacrificial activities include offerings to heaven, earth, ancestors, and village deities, while the entertainment includes feasting, drinking, enjoying delicacies, singing and dancing. The Qiang New Year Festival was acknowledged for its significance and the need for its preservation in 2009 when it was added to UNESCO's Representative List of the Intangible Cultural Heritage of Humanity.
Published 24 Jan 2024 05:24 PM
China is on the verge of a shocking Asian Cup exit, while Tajikistan is making history
Let the accusations start now. China did not find the back of the net in any of their three group stage Asian Cup matches for the first time ever. Aleksandar Jankovic's side have no one else to hold accountable but themselves for their 1-0 defeat to Qatar, who had already secured their spot in the last 16 as group winners and named a second-string team on Monday night. China is currently dealing with the fallout from yet another extremely depressing campaign as a result of this most recent setback. After China's better performance in last week's draw with Lebanon, there was a moment of optimism that was quickly dashed by reflection.Jankovic and his crestfallen players now face the harsh reality of a potential humiliating early exit, a scenario that they could never have imagined, even in their darkest nightmares. The weight of disappointment was palpable as Wei Shihao and Wu Lei stood before the media, bearing the burden of their team's underwhelming performance. Wei in particular appeared to be in complete shock, his feelings almost overflowing. We had scoring opportunities, which is very disappointing that we did not take advantage of. All of the teams have improved, but we appear to be in the same spot. It's quite depressing. Although the fans made a great effort to come see us play, we really didn't perform well." Wu added, "We clearly need to reevaluate our attacking strategies after not scoring a single goal in three games. We also need to work on our coordination, tactics, and general technique. Asia's teams are getting closer to one another, and even the so-called weaker teams have improved greatly in a number of areas. We have to talk about this subject.Beyond the intense spotlight, it is difficult to avoid the feeling that many Chinese players would prefer to go home than face the uncertainty of waiting in Qatar to find out their fate. Jankovic now has to cling to the slim chance that China's two points will be enough to guarantee a spot in the round of sixteen as one of the top four third-place teams. According to the rules, in the event of teams finishing level on points within their groups, the first tiebreaker will be their head-to-head record, followed by goal difference, goals scored, fair play points, and, as a last resort, the drawing of lots. These same criteria will be used to rank the six third-placed finishers from all Hence, the only possible path for China to advance to the knockout stages is if two conditions are simultaneously met: first, India must draw 0-0 with Syria in their final group match, and a Syrian player must receive at least one yellow card; second, Hong Kong, China need to secure a draw against Palestine. "You have to accept this fate as a coach. If you constantly dwell on this issue, it will impede your progress. Fear of losing your job is not a quality that befits a coach. All I can do is give it my all and strive for better performances from the team in the future."
Published 24 Jan 2024 05:11 PM
'Live Your Own Life' and 'My Happy Ending' reach unprecedented heights in this final episode of Samdalri, shattering previous records.
Fantastic news for viewers of television! "Welcome to Samdalri," the final episode of JTBC's love drama, closed out strongly. With viewers from throughout the nation, the show achieved its highest-ever rating of 12.3 percent! That's nearly two percent higher than it was the night before. The series' climax was excellent. "Live Your Own Life" at KBS 2TV achieved a noteworthy feat. The most recent episode hit an all-time high of 21.4 percent, surpassing the 20 percent threshold. This show has been a hit, continuing to be the most watched Sunday program. "My Happy Ending" on TV Chosun also concluded its first half with a significant victory. The most recent episode achieved the highest rating to date with a 3.0 percent countrywide rating, shattering previous records.Additionally, 'Captivating the King,' a new drama on tvN, made a spectacular debut. With an initial national rating of 4.0 percent, the first episode was able to grab viewers' interest. The "Korea-Khitan War" on KBS 2TV is back in action! The program hit double digits again, averaging 10.1 percent throughout the country. With these incredible ratings, it is certain that TV fans had a great week. This is your chance to catch up and join the fun if you missed any of these episodes!The series' climax was excellent. 'Live Your Own Life' achieved an incredible feat over at KBS 2TV. The most recent episode hit an all-time high of 21.4 percent, surpassing the 20 percent threshold. This show has been a hit, continuing to be the most watched Sunday program.The romance drama's series finale on January 21 saw record-breaking audience ratings during its entire run. The last episode of "Welcome to Samdalri" received an average nationwide rating of 12.3 percent, according to Nielsen Korea. This represents an approximately 2 percent increase over the previous night. In the meantime, KBS 2TV's "Live Your Own Life" continued to hold the record for the most viewed Sunday program of all time, breaking beyond the 20 percent threshold to achieve a new all-time high of 21.4 percent for its most recent episode."My Happy Ending" on TV Chosun likewise concluded the first part of its run at an all-time high. The drama's most recent episode set a new series record with an average countrywide rating of 3.0 percent. The first episode of tvN's new drama "Captivating the King," which airs in the same time slot, debuted to an average national rating of 4.0 percent. Finally, with an average nationwide rating of 10.1 percent, KBS 2TV's "Korea-Khitan War" made a comeback into the double digits.
Published 22 Jan 2024 06:51 PM
Each State may field a tableau once every three years under the new R-Day agreement; the Maldives signs 20 deals with China amid a diplomatic spat with India, and more
A Taiwan-based Buddhist monastic order based in Delhi has been authorized to accept foreign donations under the Foreign Contribution (Regulation) Act (FCRA), 2010. For its "religious, cultural, economic, educational, and social" agenda, the Fo Guang Shan Cultural and Educational Center has been registered with the FCRA. In the first month of the year, thirty associations and Non-Governmental Organizations (NGOs) were awarded FCRA registration.Following talks between Maldivian President Mohamed Muizzu and Chinese President Xi Jinping on Wednesday, the two nations inked 20 important agreements, including one on tourism collaboration, elevating their bilateral ties to a comprehensive strategic cooperative partnership. The two chiefs of state declared the elevation of bilateral ties to a Comprehensive Strategic Cooperative Partnership, state-run Xinhua news agency said.The Maldivian President's office stated in a post on X that "20 key agreements were signed today between the Government of the Maldives and the Government of China this afternoon and both the Presidents witnessed the signing ceremony." One tourism cooperation agreement, catastrophe risk reduction, the blue economy, bolstering investment in the digital economy, and the Belt and Road Initiative were among the agreements signed. The Maldives will also get grant support from China, albeit the precise sum was not made public. At the Great Hall of People, Muizzu and his spouse Sajida Mohammad were greeted ceremoniously on the red carpet. Later, in honor of them, President Xi and his spouse Peng Liyuan gave a state banquet. Muizzu's official visit to China coincides with a diplomatic dispute between India and China over disparaging remarksBefore returning to Male on January 12, Muizzu is anticipated to meet with senior authorities and Chinese Premier Li Qiang in addition to his discussions with Xi. Muizzu spent two days in the Chinese city of Fujian before arriving in Beijing last night. During his Tuesday speech at the Maldives Business Forum in Fujian Province, Muizzu urged China to "intensify" its efforts to increase the number of visitors to his nation. In the midst of a diplomatic spat with India over disparaging remarks made by his ministers against Prime Minister Narendra Modi, Muizzu is on a state visit to China. The report, which was released by the EU Election Observation Mission of the Maldives, claims that the ruling coalition of the People's National Congress (PNC) and the Progressive Party of the Maldives (PPM) used anti-India sentiments and attempted to spread disinformation during the 2023 presidential elections, which Muizzu won.Considered a pro-China leader, Muizzu is currently in China amid the conflict with India sparked by some Maldivian ministers posting disparaging remarks about Prime Minister Modi. This caused a wave of Indian tourists, who make up the majority of visitors to the island nation dependent on tourism, to cancel reservations.Before returning to Male on January 12, Muizzu is anticipated to meet with senior authorities and Chinese Premier Li Qiang in addition to his discussions with Xi. Muizzu spent two days in the Chinese city of Fujian before arriving in Beijing last night. During his Tuesday speech at the Maldives Business Forum in Fujian Province, Muizzu urged China to "intensify" its efforts to increase the number of visitors to his nation.
Published 25 Jan 2024 08:30 PM
China Requests Peace Conference in Gaza While Israel-Hamas Conflict Continues
Doha/Gaza: While Hamas released a video showing three Israeli hostages and declared that their whereabouts would be revealed on Monday, China demanded a comprehensive and high-level peace conference on the Gaza War. Chinese Foreign Minister Wang Yi expressed support for "the prompt resumption of Israel-Palestinian peace talks" and "the formulation of a specific timetable and road map for the implementation of the 'two-state solution'" during a speech over the weekend in Egypt. Hamas aired video on Sunday showing three Israeli hostages it is holding in Gaza and urged the Israeli government to stop the offensive against the Palestinian Islamist group and bring about their release.The caption for the 37-second undated video featuring 26-year-old Noa Argamani, 53-year-old Yossi Sharabi, and 38-year-old Itai Svirsky read, "Tomorrow (Monday) we will inform you of their fate." About half of the 240 individuals that Hamas detained during its cross-border killing spree that began the war were freed during a truce in November. 25 of the 132 people Israel claims are still in captivity have died. Israel claims that the Oct. 7 attack by Hamas claimed the lives of over 1,200 people. The Gaza health ministry has said almost 24,000 people have been killed in the Israeli offensive that followed with more than 60,000 wounded.
Published 16 Jan 2024 05:20 PM
Chinese chess champion allegedly used anal beads and was banned for a year after pissing in the bathtub" After defecating in a bathtub and being accused of cheating, 48-year-old Yan Chenglong, the rec
After defecating in a bathtub and being accused of cheating, 48-year-old Yan Chenglong, the recent winner of a Xiangqi, or Chinese chess tournament, lost his title and was suspended for a year. In order to plan his next move, Chenglong reportedly used anal beads fitted with wireless transmitters to send and receive signals. There were rumors on social media that he had poop in the bathtub in order to get rid of the device. In order to plan his next move, Chenglong reportedly used anal beads fitted with wireless transmitters to send and receive signals. There were rumors on social media that he had poop in the bathtub in order to get rid of the device.Yan allegedly clenched and unclenched rhythmically to transmit information about the chess board via code to a computer, which then sent back instructions on what moves to make in the form of vibrations, according to Chinese social media site Weibo, which was cited by the Guardian.
Published 16 Jan 2024 01:48 AM
Gwanggu Lee is named the new MD & CEO of Kia India.
Vivek Srivastava's appointment to the Ministry of Home Affairs' Director General of Fire Service, Civil Defence, and Home Guards was recently approved by the ACC.Vivek Srivastava, an experienced 1989-batch Indian Police Service (IPS) officer of Gujarat cadre, was appointed as the Ministry of Home Affairs' Director General of Fire Service, Civil Defence & Home Guards by the Appointments Committee of the Cabinet (ACC) recently.On December 28, the Department of Personnel and Training Issues an Official Order. The Department of Personnel & Training (DoPT) issued an order on December 28 making the decision official. This important appointment will begin on the day Srivastava assumes the role and run through June 30, 2025, or until additional directives are given, whichever comes first. The History of Vivek Srivastava With more than three decades of experience, Vivek Srivastava has had a distinguished career as an Indian Police Service (IPS) officer. Since joining the military in 1989, he has held a number of positions, demonstrating his commitment to public service and leadership abilities. Srivastava has a reputation for being devoted to maintaining law and order and has continuously shown competence in his jobs withinProspective Projects and Obstacles There will probably be a number of chances and difficulties during Srivastava's term in the new position. Organizing house guards, civil defense, and fire services requires careful planning and coordination. Srivastava will be crucial in guaranteeing the security and welfare of the populace in his capacity as head of these essential departments, especially in times of emergency and unanticipated circumstance.With immediate effect, Gwanggu Lee has been named as the new Managing Director and Chief Executive Officer of Kia India.With immediate effect, Gwanggu Lee has been named as the new Managing Director and Chief Executive Officer of Kia India. Gwanggu Lee, the company's new MD and CEO, succeeds Tae Jin Park, marking a significant change in the company's leadership.Changes at Kia India Gwanggu Lee will succeed Kook Hyun Shim and Tae Jin Park as Kia India's third MD and CEO. After a distinguished 36-year career with Kia Corporation and a noteworthy four-year tenure with Kia India, Tae Jin Park, the former MD and CEO, is retiring. The change is a reflection of the company's resolve to appoint experienced executives to drive its revolutionary path. Experience and Skill in Leadership Gwanggu Lee has a wealth of experience spanning over 30 years in the automobile industry. Throughout his long career, he has held leadership positions in both developed and developing economies in a variety of capacities. Key roles at Kia Headquarters in Central and South America, as well as the US, Canada, Italy, and Mexico, have been held by Lee. His
Published 12 Jan 2024 11:02 PM
