Death sentences in 2008 Chinese tainted milk scandal

Monday, January 26, 2009

On Thursday, the municipal intermediate people’s court in Shijiazhuang, Hebei province, China pronounced sentences for 21 defendants implicated in the 2008 Chinese milk scandal which killed at least six infants and sickened nearly 300,000 others.

In the local court’s decision, 17 accused were indicted for the crimes of “producing, adding melamine-laced ‘protein powder’ to infant milk or selling tainted, fake and substandard milk to Sanlu Group or 21 other dairy companies, including six who were charged with the crime of endangering public security by dangerous means.” Four other courts in Wuji County, in Hebei, China had also tried cases on the milk scandal.

Zhang Yujun, age 40, of Quzhou County (Hebei), who produced and sold melamine-laced “protein powder” in the milk scandal, was convicted of endangering public security and sentenced to death by the Shijiazhuang intermediate people’s court.

The court also imposed the penalty of death upon Geng Jinping, who added 434 kg of melamine-laced powder to about 900 tons of fresh milk to artificially increase the protein content. He sold the tainted milk to Sanlu and some other dairy companies. His brother Geng Jinzhu was sentenced to eight years imprisonment for assisting in adding the melamine.

A suspended capital punishment sentence, pending a review, with two years probation, was handed down to Gao Junjie. Under the law, a suspended death sentence is equivalent to life imprisonment with good behavior. The court ruled that Gao designed more than 70 tons of melamine-tainted “protein powder” in a Zhengding County underground factory near Shijiazhuang. His wife Xiao Yu who assisted him, was also sentenced to five years imprisonment.

Sanlu Group General Manager Tian Wenhua, 66, a native of Nangang Village in Zhengding County, who was charged under Articles 144 and 150 of the criminal code, was sentenced to life imprisonment for producing and selling fake or substandard products. She was also fined 20 million yuan (US$2.92 million) while Sanlu, which has been declared bankrupt, was fined 49.37 million yuan ($7.3 million).

Tian Wenhua plans to appeal the guilty verdict on grounds of lack of evidence, said her lawyer Liang Zikai on Saturday. Tian testified last month during her trial that she decided not to stop production of the tainted milk products because a Fonterra designated board member handed her a document which states that a maximum of 20 mg of melamine was allowed in every kg of milk in the European Union. Liang opined that Tian should instead be charged with “liability in a major accident,” which is punishable by up to seven years imprisonment, instead of manufacturing and selling fake or substandard products.

According to Zhang Deli, chief procurator of the Hebei Provincial People’s Procuratorate, Chinese police have arrested another 39 people in connection with the scandal. Authorities last year also arrested 12 milk dealers and suppliers who allegedly sold contaminated milk to Sanlu, and six people were charged with selling melamine.

In late December, 17 people involved in producing, selling, buying and adding melamine to raw milk went on trial. Tian Wenhua and three other Sanlu executives appeared in court in Shijiazhuang, charged with producing and selling fake or substandard milk contaminated with melamine. Tian pleaded guilty, and told the court during her 14-hour December 31 trial that she learned about the tainted milk complaints and problems with her company’s BeiBei milk powder from consumer complaints in mid-May.

She then apparently led a working team to handle the case, but her company did not stop producing and selling formula until about September 11. She also did not report to the Shijiazhuang city government until August 2.

The court also sentenced Zhang Yanzhang, 20, to the lesser penalty of life imprisonment. Yanzhang worked with Zhang Yujun, buying and reselling the protein powder. The convicts were deprived of their political rights for life.

Xue Jianzhong, owner of an industrial chemical shop, and Zhang Yanjun were punished with life imprisonment and 15 years jail sentence respectively. The court found them responsible for employment of workers to produce about 200 tons of the tainted infant milk formula, and selling supplies to Sanlu, earning more than one million yuan.

“From October 2007 to August 2008, Zhang Yujun produced 775.6 tons of ‘protein powder’ that contained the toxic chemical of melamine, and sold more than 600 tons of it with a total value of 6.83 million yuan [$998,000]. He sold 230 tons of the “protein powder” to Zhang Yanzhang, who will stay behind bars for the rest of his life under the same charge. Both Zhangs were ‘fully aware of the harm of melamine’ while they produced and sold the chemical, and should be charged for endangering the public security,” the Court ruled.

Geng Jinping, a suspect charged with producing and selling poisonous food in the tainted milk scandal, knelt before the court, begging for victims’ forgiveness

The local court also imposed jail sentences of between five years and 15 years upon three top Sanlu executives. Wang Yuliang and Hang Zhiqi, both former deputy general managers, and Wu Jusheng, a former raw milk department manager, were respectively sentenced to 15 years, eight years and five years imprisonment. In addition, the court directed Wang to pay multi-million dollar fines. In December, Wang Yuliang had appeared at the Shijiazhuang local court in a wheelchair, after what the Chinese state-controlled media said was a failed suicide attempt.

The judgment also states “the infant milk powder was then resold to private milk collectors in Shijiazhuang, Tangsan, Xingtai and Zhangjiakou in Hebei.” Some collectors added it to raw milk to elevate apparent protein levels, and the milk was then resold to Sanlu Group.

“The Chinese government authorities have been paying great attention to food safety and product quality,” Yu Jiang Yu, spokesperson for the Ministry of Foreign Affairs, said. “After the case broke out, the Chinese government strengthened rules and regulations and took a lot of other measures to strengthen regulations and monitor food safety,” she added.

In the People’s Republic of China, the intermediate people’s court is the second lowest local people’s court. Under the Organic Law of the People’s Courts of the People’s Republic of China, it has jurisdiction over important local cases in the first instance and hear appeal cases from the basic people’s court.

The 2008 Chinese milk scandal was a food safety incident in China involving milk and infant formula, and other food materials and components, which had been adulterated with melamine. In November 2008, the Chinese government reported an estimated 300,000 victims have suffered; six infants have died from kidney stones and other acute renal infections, while 860 babies were hospitalized.

Melamine is normally used to make plastics, fertilizer, coatings and laminates, wood adhesives, fabric coatings, ceiling tiles and flame retardants. It was added by the accused to infant milk powder, making it appear to have a higher protein content. In 2004, a watered-down milk resulted in 13 Chinese infant deaths from malnutrition.

The tainted milk scandal hit the headlines on 16 July, after sixteen babies in Gansu Province who had been fed on milk powder produced by Shijiazhuang-based Sanlu Group were diagnosed with kidney stones. Sanlu is 43% owned by New Zealand’s Fonterra. After the initial probe on Sanlu, government authorities confirmed the health problem existed to a lesser degree in products from 21 other companies, including Mengniu, Yili, and Yashili.

From August 2 to September 12 last year Sanlu produced 904 tonnes of melamine-tainted infant milk powder. It sold 813 tonnes of the fake or substandard products, making 47.5 million yuan ($13.25 million). In December, Xinhua reported that the Ministry of Health confirmed 290,000 victims, including 51,900 hospitalized. It further acknowledged reports of “11 suspected deaths from melamine contaminated milk powder from provinces, but officially confirmed 3 deaths.”

Sanlu Group which filed a bankruptcy petition, that was accepted by the Shijiazhuang Intermediate People’s Court last month, and the other 21 dairy companies, have proposed a 1.1 billion yuan ($160 million) compensation plan for court settlement. The court appointed receiver was granted six months to conclude the sale of Sanlu’s assets for distribution to creditors. The 22 dairy companies offered “families whose children died would receive 200,000 yuan ($29,000), while others would receive 30,000 yuan ($4,380) for serious cases of kidney stones and 2,000 yuan ($290) for less severe cases.”

Sanlu stopped production on September 12 amid huge debts estimated at 1.1 billion yuan. On December 19, the company borrowed 902 million yuan for medical and compensation payment to victims of the scandal. On January 16, Sanlu paid compensation of 200,000 yuan (29,247 U.S. dollars) to Yi Yongsheng and Jiao Hongfang, Gangu County villagers, the parents of the first baby who died.

“Children under three years old, who had drunk tainted milk and had disease symptoms could still come to local hospitals for check-ups, and would receive free treatment if diagnosed with stones in the urinary system,” said Mao Qun’an, spokesman of the Ministry of Health on Thursday, adding that “the nationwide screening for sickened children has basically come to an end.”

“As of Thursday, about 90% of families of 262,662 children who were sickened after drinking the melamine-contaminated milk products had signed compensation agreements with involved enterprises and accepted compensation,” the China Dairy Industry Association said Friday, without revealing, however, the amount of damages paid. The Association (CDIA) also created a fund for payment of the medical bills for the sickened babies until they reach the age of 18.

Chinese data shows that those parents who signed the state-backed compensation deal include the families of six children officially confirmed dead, and all but two of 891 made seriously ill, the report said. Families of 23,651 children made ill by melamine tainted milk, however, have not received the compensation offer, because of “wrong or untrue” registration details, said Xinhua.

Several Chinese parents, however, demanded higher levels of damages from the government. Zhao Lianhai announced Friday that he and three other parents were filing a petition to the Ministry of Health. The letter calls for “free medical care and follow-up services for all victims, reimbursement for treatment already paid for, and further research into the long-term health effects of melamine among other demands,” the petition duly signed by some 550 aggrieved parents and Zhao states.

“Children are the future of every family, and moreover, they are the future of this country. As consumers, we have been greatly damaged,” the petition alleged. Chinese investigators also confirmed the presence of melamine in nearly 70 milk products from more than 20 companies, quality control official Li Changjiang admitted.

In addition, a group of Chinese lawyers, led by administrator Lin Zheng, filed Tuesday a $5.2 million lawsuit with the Supreme People’s Court of the People’s Republic of China (under Chief Grand Justice Wang Shengjunin), in Beijing, on behalf of the families of 213 children’s families. The class-action product liability case against 22 dairy companies, include the largest case seeking $73,000 compensation for a dead child.

According to a statement to the Shanghai Stock Exchange Market Friday, China’s Inner Mongolia Yili Industrial Group Company, which has a domestic market share of milk powder at 8 percent, reported a net loss in 2008 because of the milk scandal. A Morgan Stanley report states the expected company’s 2008 loss at 2.3 billion yuan. The scandal also affected Yili’s domestic rivals China Mengniu Dairy Company Limited and the Bright Group. Mengniu suffered an expected net loss of 900 million yuan despite earnings in the first half of 2008, while the Bright Group posted a third quarter loss at 271 million yuan last year.

New Zealand dairy giant Fonterra, said Saturday it accepted the Chinese court’s guilty verdicts but alleged it had no knowledge of the criminal actions taken by those involved. “We accept the court’s findings but Fonterra supports the New Zealand Government’s position on the death penalty. We have been shocked and disturbed by the information that has come to hand as a result of the judicial process,” said Fonterra Chief Executive Andrew Ferrier.

“Fonterra deeply regrets the harm and pain this tragedy has caused so many Chinese families,” he added. “We certainly would never have approved of these actions. I am appalled that the four individuals deliberately released product containing melamine. These actions were never reported to the Sanlu Board and fundamentally go against the ethics and values of Fonterra,” Ferrier noted.

Fonterra, which controls more than 95 percent of New Zealand’s milk supply, is the nation’ biggest multinational business, its second-biggest foreign currency earner and accounts for more than 24 percent of the nation’s exports. Fonterra was legally responsible for informing Chinese health authorities of the tainted milk scandal in August, and by December it had written off its $200 million investment in Sanlu Group.

Amnesty International also strongly voiced its opposition to the imposition of capital punishment by the Chinese local court and raised concerns about New Zealand’s implication in the milk scandal. “The death penalty will not put right the immense suffering caused by these men. The death penalty is the ultimate, cruel and inhumane punishment and New Zealand must take a stand to prevent further abuses of human rights.” AI New Zealand chief executive Patrick Holmes said on Saturday.

“The New Zealand government does not condone the death sentence but we respect their right to take a very serious attitude to what was extremely serious offending,” said John Phillip Key, the 38th and current Prime Minister of New Zealand and leader of the National Party. He criticized Fonterra’s response Monday, saying, “Fonterra did not have control of the vertical production chain, in other words they were making the milk powder not the supply of the milk, so it was a difficult position and they did not know until quite late in the piece. Nevertheless they probably could front more for this sort of thing.”

Keith Locke, current New Zealand MP, and the opposition Green Party foreign affairs spokesman, who was first elected to parliament in 1999 called on the government and Fonterra to respond strongly against the Chinese verdict. “They show the harshness of the regime towards anyone who embarrasses it, whether they are real criminals, whistleblowers or dissenters,” he said. “Many Chinese knew the milk was being contaminated but said nothing for fear of repercussions from those in authority. Fonterra could not get any action from local officials when it first discovered the contamination. There was only movement, some time later, when the matter became public,” he noted.

Green Party explained “it is time Fonterra drops its overly cautious act.” The party, however, stressed the death penalty is not a answer to the problems which created the Chinese milk scandal. “The Green Party is totally opposed to the death penalty. We would like to see the government and, indeed, Fonterra, speaking out and urging the Chinese government to stop the death penalty,” said Green Party MP Sue Kedgley.

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Report urges Kenya to ban plastic bags

Wednesday, March 9, 2005File:Plastic bag stock sized.jpg

They are cheap, useful, and very plentiful, and that is exactly the problem, according to researchers. A report issued on Feb. 23 by a cadre of environment and economics researchers suggested that Kenya should ban the common plastic bag that one gets at the checkout counter of grocery stores, and place a levy on other plastic bags, all to combat the country’s environmental problems stemming from the bags’ popularity.

Retrieved from “https://en.wikinews.org/w/index.php?title=Report_urges_Kenya_to_ban_plastic_bags&oldid=4549618”

How To Win Big At Storage Auctions

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How to Win Big at Storage Auctions

by

Tracey Williamson

If you are the type that loves to score a good deal, a good find, or simply like the energy rush that comes with treasure hunting, you may be interested in picking up the hobby of Storage Auctions. Storage Auctions Australia are quickly becoming a very profitable hobby for many Australians, and are easy enough to get involved in. Not many people have the time or resources to undergo deep sea treasure hunting, and so storage auctions presents a more realistic and accessible means of finding your own treasure score. You know what they say, what is one person\’s junk may be another person\’s treasures, and this is exactly why storage auctions Australia are so popular today. If you are considering trying out this new hobby, here are some tips from the pros that have turned storage auction sales into very lucrative careers!

Storage auctions work under the premise that the storage unit in question has been repossessed or the tenant of the unit did not pay their storage fees. In times of recession, storage auctions become very popular as fewer and fewer people are able t pay their bills, and storage units are often a luxury item that is last on the list of bills that must be paid. Tenants store their goods in storage lockers or units, and when they don\’t pay their bills after a certain number of months, the units go up for auction. Simply put, the highest bidder gets all of the contents of the locker. What this means for you is that you get to keep or make profit if you like, off of the contents in the locker. Many people that win storage auctions often sell the higher end items they find in the locker, making much more money than they ever spent on the auctions.

[youtube]http://www.youtube.com/watch?v=XQzvDcAplOA[/youtube]

If you are new to bidding on storage auctions Australia, there are a few things to keep in mind. This new \”hobby\” of sorts has become very popular, and there is a small community of sorts of people that buy these units. As such, when you are bidding, take your time to get familiar with the process, the auctioneer, and the people that are bidding. Chances are if you are new they have been doing this for a while, and by \”seniority\” may have a better chance of getting the locker. Always start small with your bidding and work your way up as you get more familiar with the process.

It\’s a good idea to do some research on the tenants of the units before you bid. This way you know a good idea on if the contents will be high end or not. As well, storage auctions in more expensive neighborhoods are likely to fare better in treasures. Also, unless you know otherwise upfront, most storage auctions Australia are paid in cash, so be sure to bring your budget in cash with you to the auction. The last thing you want to do is be the highest bidder, but not be able to pay for your storage unit. Once you\’ve gotten acquainted with the process though, it won\’t be long before you are a pro at bidding on storage auctions.

Visit

Storage Auctions Australia

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Article Source:

ArticleRich.com

Gregory Kurtzer discusses plans for Rocky Linux with Wikinews as Red Hat announces moving focus away from CentOS

Friday, December 18, 2020

Last week, on December 8, US-based software company Red Hat announced plans to shift their focus away from CentOS in favour of CentOS stream.

Started in 2004, CentOS has been a free-of-cost free/libre open source software which provided binary-code compatibility with Red Hat Enterprise Linux (RHEL) — Red Hat’s GNU General Public Licensed paid operating system. Gregory Kurtzer told Wikinews he started CAOS Linux around the time when Red Hat announced End of Life for their Red Hat Linux in favour of subscription-based Red Hat Enterprise Linux. CAOS was succeeded by CentOS when Rocky McGaugh, a developer of CAOS rebuilt the source code of RHEL to provide a monetarily free alternative. CentOS was absorbed into Red Hat in 2014, with Red Hat gaining the trademark rights of “CentOS”.

Red Hat also sponsors the development of the Fedora operating system. Until now, software development took place on Fedora, which was later adopted in RHEL, which the Red Hat maintained and provided support for, for those customers who had RHEL subscription. CentOS would then follow RHEL’s release cycle to provide the same features free of cost, but without the support.

Stream was announced in September 2019, just two months after Red Hat was acquired by IBM. CentOS Stream’s development cycle had new features added to it before the features became a part of RHEL. Stream receives more frequent updates, however, it does not follow RHEL’s release cycle.

With CentOS Stream, developments from the community and the Red Hat employees would take place beforehand on both Fedora, and Stream as a rolling release, before those features are absorbed into RHEL. CentOS followed the release cycle of RHEL and therefore it was a stable distribution. Features available in CentOS were tried and tested by Fedora, and then RHEL maintainers.

Red Hat’s Chief Technical Officer Chris Wright wrote in the announcement “CentOS Stream isn’t a replacement for CentOS Linux; rather, it’s a natural, inevitable next step intended to fulfill the project’s goal of furthering enterprise Linux innovation.” Since the announcement was made, many people expressed their anger on Internet Relay Chat (IRC), Reddit and CentOS project’s mailing list. CentOS 8’s End of Life (EOL) has been moved up from May 2029 to December 31, 2021, while CentOS 7 is expected to receive maintenance updates through June 2024, outliving CentOS 8.

Soon after Red Hat’s announcement, Kurtzer announced his intentions to develop Rocky Linux, to fill the role CentOS had been playing for so long. Kurtzer said Rocky Linux was named after Rocky McGaugh. “Thinking back to early CentOS days… My cofounder was Rocky McGaugh. He is no longer with us, so as a H/T [hat tip] to him, who never got to see the success that CentOS came to be, I introduce to you…Rocky Linux”, Kurtzer wrote. Wikinews discussed with Kurtzer the beginning of CentOS, and future of Rocky Linux.

While no formal date of release has been announced for Rocky Linux, Kurtzer said they are planning to release the CentOS replacement before the end of life of CentOS 8. Kurtzer also said Rocky Linux will run on both x86-64 and ARM-based processors, and CentOS users would be able to convert their OS to Rocky Linux just by running a single command.

Saying Rocky Linux is for the community, Kurtzer said he “take[s] the responsibility of ensuring that all decisions are in favor of the community and the project and free from corporate control” including his own company. Talking about the attention from the userbase Rocky Linux has received, Kurtzer said, “I have never seen an open community come together this fast and be this passionate about working together towards a common goal.”

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Eurozone approves Greece bailout

Monday, May 3, 2010

The European Union and International Monetary Fund (IMF) have agreed to provide the ailing Greek economy with 110 billion euros (US$146 billion) worth of loans over three years. Finance ministers from the sixteen countries that use the euro – known as the eurozone – approved the plan yesterday.

According to the plan, the EU is to provide 80 billion euros of the loans, and the IMF the other 30 billion; it is aimed at preventing Greece from defaulting on debt.

Before being fully implemented, however, the proposal must be individually approved by all fifteen other countries in the eurozone. According to Luxembourgish prime minister Jean-Claude Junker, up to 30 billion euros would be given to Greece in the first year.

German chancellor Angela Merkel commented on the proposal yesterday, saying: “The programmme is without alternative to safeguard the stability of the euro.”

The Greek government yesterday predicted that the country’s gross domestic product would drop by four percent this year; it also forecast the national debt, currently at 115% of GDP, will increase to 149% in 2013, before going down.

Retrieved from “https://en.wikinews.org/w/index.php?title=Eurozone_approves_Greece_bailout&oldid=4546501”

Phoenix lander confirms presence of water ice on Mars

Monday, June 23, 2008

For the first time ever, NASA has confirmed the presence of water ice on Mars. The Phoenix lander, which landed on Mars on May 25, has confirmed to NASA scientists that the white substance it found while digging a trench on June 15 is water ice.

“It is with great pride and a lot of joy that I announce today that we have found proof that this hard bright material is really water ice and not some other substance,” said Peter Smith, the primary investigator for Phoenix, at the University of Arizona in Tucson, Arizona.

The chunks were left at the bottom of a trench informally called “Dodo-Goldilocks” when Phoenix’s Robotic Arm enlarged that trench on June 15, during the 20th Martian day, or sol, since landing. Several were gone when Phoenix looked at the trench days later. The chunks were visible on June 16, but when Phoenix looked at the trench again on June 19, some of the material had disappeared, implying that it may have evaporated or melted.

“This tells us we’ve got water ice within reach of the arm, which means we can continue this investigation with the tools we brought with us,” said primary investigator for Phoenix’s stereo imager, Mark Lemmon.

Scientists are planning to examine the substance and the soil surrounding it more closely. They plan to test it for signs of organic material and minerals, and hope to find out if the ice was ever a liquid which could have supported microbial life.

In December of 2006, scientists announced that the Mars Global Surveyor captured images of deposits in gullies on the surface of the planet Mars which have been created since the areas were photographed nine years ago. These deposits were believed to be the residue of liquid water breaking out of cliffs and crater walls, carrying sediment downhill through the gullies, and later evaporating. The gullies are located inside the Terra Sirenum crater and the Centauri Montes regions.

In June 2007 the ESA’s Mars Express spacecraft discovered ice deposits in the South Pole of Mars that are larger than the state of Texas. Scientists say that there is enough water in the deposits to cover the entire planet with up to 36 feet of water if the ice was to melt.

Retrieved from “https://en.wikinews.org/w/index.php?title=Phoenix_lander_confirms_presence_of_water_ice_on_Mars&oldid=1986546”

Sex Change Surgery Calls For A New Face}

Sex Change Surgery Calls For A New Face

by

Pichet RodchareonWhen speaking of sex change procedure, people only think about the change in the reproductive parts and perhaps the breasts which are the most distinctive feminine features. However, it is undeniable that the face is the most noticed part of a person. Therefore, for natural looking results, it is advised people who have undergone sex change operation consider facial feminization surgery as well because it helps them integrate socially as women.

The aim of facial feminization surgery is to eliminate or reduce many of the cross-gender-related deformities of the facial bones caused by late-pubertal testosterone masculinization in male-to-female transsexuals. The procedure involves various bony and soft tissue procedures and sometimes includes facial hair removal. The surgeon will focus on how to adjust the dimensional parameters of each face towards the normal female range, based on certain physical anthropological measurements.

[youtube]http://www.youtube.com/watch?v=PeAyZw3hsJk[/youtube]

According to anthropological researches, survival requirements over evolutionary time have adapted human males’ faces for protection in hunting and fighting, providing them with protruding brow ridges and heavy jaws/chins. However, human females’ faces have evolved (as have children’s faces) for better hiding/fleeing by having better unobstructed peripheral vision (with the eyes more forward in the facial structure, and with no brow ridge). These differences in secondary sex characteristics are caused by the different sex hormones present in the bodies of boys and girls after puberty.

The surgical procedures most frequently performed during facial feminization surgery include hairline correction, forehead recontouring, brow lift, rhinoplasty, cheek implants, chin and jaw recontouring, Adam’s apple reduction and lip filling. Other procedures might be suggested by the surgeon, depending on each person’s natural looks.

There are only a small number of surgeons globally who specialize in facial feminization surgery. Like any other cosmetic surgeries, patients should be confident that they are placing their image in the trustworthy and reliable hand. There are, of course, limitations to what a surgery can do. It is not a magical process that can 100 per cent transform a man’s face into a woman’s natural face. It is best to speak to the surgeon beforehand to make sure the results are what the patient is looking for as the features will stay with the patient permanently.

Dr Pichet Rodchareon is the owner of

Bangkok Plastic Surgery Clinic

, center of

sex change surgery

based in Bangkok, Thailand.

Article Source:

eArticlesOnline.com}

China calls Japan’s gas drilling plan ‘a serious provocation’

Thursday, April 14, 2005

Chinese Foreign Ministry spokesman Qin Gang told reporters that China is protesting Japan’s plan to allow drilling for gas and oil in disputed waters in the East China Sea, characterizing the move as “a serious provocation”.

On Wednesday, Japan announced that they would begin processing applications to allow oil and gas drilling firms to explore in the disputed area, east of the “demarcation line” which has held up applications to drill in the area for decades.

“The Chinese and Japanese positions differ on that matter, but we need to continue talks from a big point of view, without inflaming conflicts, and to turn the sea of conflict into a sea of coordination,” Japanese Prime Minister Junichiro Koizumi told a news conference.

Qin Gang said that China reserved “the right to take further reaction,” according to Xinhua.

“China has never ever recognized and will never recognize the demarcation line,” Qin told reporters.

Japan’s exploration of the disputed zone could start early next month, and will be defended by Japanese military vessels, according to the Sydney Morning Herald.

Retrieved from “https://en.wikinews.org/w/index.php?title=China_calls_Japan%27s_gas_drilling_plan_%27a_serious_provocation%27&oldid=3873780”

China Once Again Overweight Japan And South Korea Treasury Bonds

Submitted by: Orietta Qi

China has huge foreign exchange reserves every move affects the nerves around the world, but the world is hard to read the operating practices and strategies, but through the holdings of Japanese government bonds in China this again, perhaps something can be read.

First, China’s foreign exchange financial assets investment horizon has been extended from Europe to Asia, due to financial crisis, the U.S. and Europe before the financial assets very difficult to maintain the attractiveness of, and Asia as an important engine of growth the world economy, is indeed, a most good targets.

According to public sources, the Chinese central bank by the State Administration of Foreign Exchange in July last year started a month to buy 300 billion won of Korean bonds, and since July this year to 500 billion won per month or more purchases. The Government official said: “The People’s Bank bonds and notes the major purchase of more than five years, during which the South Korean government bonds to purchase a total of more than 5 trillion won.” This is equivalent to the same period the total foreigners to buy Korean bonds (31.3 trillion won) in the near 20%.

South Korea Financial Supervisory Service recently released data, China in November and net purchases of 556 billion won (about 4.9 billion U.S. dollars) in South Korea bonds, net purchases than in October more than 27%, is nearly six months of the highest monthly net purchases of scale. In the first eleven months of cumulative net purchase of 4.27 trillion won.

The Japanese government bonds, the first seven months of this year, China has continuously increased holdings of Japanese government bonds, net purchases of Japanese government bonds by about 2.3 trillion yen. According to the Japanese Finance Ministry data released on the 8th, the Chinese again in October bought a net 262.5 billion yen of Japanese assets, which is again in the last three months, Japan’s holdings of financial assets.

[youtube]http://www.youtube.com/watch?v=xnqX9mRDxyI[/youtube]

Some industry observers pointed out that China trade to Japan, South Korea national debt, and its goal is to internationalization of the RMB, after the global financial crisis, China began to weary of the “green paper” dollar, the yuan make every effort to become the dollar and the euro train After the “Third International Currency.”

Second, China for the operation of foreign financial assets, more accurate, market-oriented and professional. Before the financial crisis, big countries in Europe and America on CD investment philosophy than the current operating practices in China become more and more professional.

The first seven months of this year, China has for Japanese government bonds holdings, net purchases of Japanese government bonds by about 2.3 trillion yen. Next August, China sold 2.02 trillion yen bonds in Japan, Japanese government bonds sold during the year for the first time, also hit the biggest since 2005, holdings of a single month record. And in September to sell 624.3 billion yen, respectively, in China’s short-term debt and long-term debt 144.9 billion yen.

This is because the yen in August, continued to rise in September, the dollar had hit a high point, continued reduction in China during this period are “selling rallies, profit-taking.”

The previous few months, due to setbacks in international economic and financial environment in Europe further deterioration of the debt crisis, the United States continued the implementation of quantitative easing monetary policy, the yen rose into orbit under the influence of multiple factors such as China increased seven consecutive months Japanese government bonds held.

For China’s recent initiatives to buy Japanese government bonds, a market speculation that China following the August and September, after net sales of Japanese government bonds, again jiacang dollar and the euro in order to hedge the risk of depreciation of assets may be.

China’s holdings of Japanese government bonds to support the details of this. China’s holdings of Japanese government bonds in October, the one-year period of the short-term debt accounting for up to 90%, about 231.9 billion yen, while the five to ten years and long-term debt of only 30.6 billion yen, more than fifteen years ultra-long bonds are not purchased.

In the past month, heating up again as the debt crisis in Europe, the euro against the U.S. dollar is in the October sideways shocks, followed on November 5 in a row plunge. The yen against the U.S. dollar is the opposite, although at a slightly lower during October, but November 1 will start bottoming.

Third, China’s foreign financial assets for the main attitude was “focusing on diversity, rather than political.” For China, Japan and South Korea bonds for the operation, there have been numerous international noise, as these operations to China, the so-called political means, but from the performance of the past year, China is more need for preservation. Unable to extricate themselves into a quagmire in the United States and Europe on the occasion, the Asian country’s financial assets, although the yield is not high, but the risk is relatively low, selection of these assets is more wise. China recently has been the diversification of foreign exchange reserves held by the reform of holdings of South Korean bonds, Japanese government bonds is one way of selling.

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South Gippsland, Australia local council candidate Sue Plowright speaks with Wikinews about environment, education, and other local issues

Saturday, September 4, 2021

Since June 2019, the people of South Gippsland Shire, located at the southernmost tip of Australia, have been without a local council, after a state government inquiry found “high levels of tension” within the council. Administrators were appointed by the Victorian state government in July 2019, who have governed the shire since then. However, South Gippsland’s council is scheduled to be restored with an election to be held via post from October 5-22, 2021.

Wikinews interviewed one of the candidates standing in this election, Sue Plowright. She is an independent contesting the Coastal-Promontory ward, which covers towns such as Venus Bay, Waratah Bay, Yanakie, Foster, Port Welshpool, and Toora. The Coastal-Promontory Ward elects three councillors to the South Gippsland Shire Council.

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