Skip to content
Alipay, the country’s top mobile payment platform, announced on Tuesday a major anti-fraud u
pgrade on its application by teaming up with 26 public security departments nationwide.
The new function, dubbed “Security Guard”, allows users to set up related accounts among f
amily members or close friends. Should any abnormalities on transactions occur, the system would send
out alerts to all related accounts in order to prevent the fraud from materializing and minimize loss of funds.
“Security is the lifeline of Alipay, and we hope to fight fraud in a manner as harsh as dru
nk driving,” said Rui Xiongwen, vice-president of Ant Financial, Alipay’s parent company.
Alipay users can choose to delay payment for two hours or 24 hours and raise an alert
on the platform if they deem such transactions potentially misdirected or fraudulent.
The system has been linked to local public security authorities to help freeze any transaction
s in doubt. The money will be credited back to the user’s account if authorities determine fraud has been committed.
A number of local anti-fraud centers in cities like Beijing, Shanghai and Shenzhe
n also pledged to cooperate with Alipay on financial security education and anti-fraud alarming systems.
said Van Jackson, a former Defense Department official in the Obama administration.
”Historically, there have been many — I know of half a dozen instances myself personally — where senior North Korean officials were brought around and shown what capi
talist industrialism looks like. They were shown what the stock market floor looks like on the New York Stock Exchange, or they were brought out to so
me tech lab in Silicon Valley,” said Jackson, author of “On the Brink: Trump, Kim, and the Threat of Nuclear War.”
”We’ve shown them what capitalism looks like … the idea that they will see something in Vietn
am physically that triggers something different than what we’ve shown them before is kind of non
sense.”There’s something for both Washington and Pyongyang to like when studying the US-Vietnam relationship.
For North Korea, it’s an example of a single-party communist country that reformed its economy without democr
atizing. For the United States, it’s an example of how to redefine a relationship and make a buck at the same time.
In 1995 — the year Hanoi and Washington normalized relations — US exports to and imports from Vietnam were
worth just $252 million and $199 million respectively. However in the first 11 months of 2018, the US exported more th
an $8 billion worth of goods to Vietnam and imported goods worth $45 billion, according to US Census figures.
United States is particularly appealing to North Korea, who believes a good relationship with the United States can h
elp create the right environment and necessary conditions for achieving North Korea’s new strategic drive toward ec
onomic development,” said Tong Zhao, a fellow at the Carnegie-Tsinghua Center for Global Policy in Beijing.
The concept isn’t new, of course. During his time as an Asia expert at the State Department in the Clinton administration, Evans Revere said negoti
ators working with North Korea were even then trying to point them to Vietnam, which was beginning to reap t
he benefits of market reforms and becoming a member of good international standing.
”We thought, somewhat naively back then, that this would appeal to the North Koreans gre
atly and that our commitments to work with them on bringing about a modernized economy w
ould be so attractive … that they would stand down from their nuclear weapons program. We were wrong,” Revere said.
”If all of these incentives or this incentive-based approach to coaxing North Korea do
wn a new path did not work when they didn’t have nuclear weapons, and it didn’t work to prevent th
em from developing nuclear weapons, why will it work now that they are in effect a nuclear weapons state?”
A widely criticized Australian newspaper cartoon showing tennis legen
d Serena Williams jumping up and down next to a broken racket and a pa
cifier which she had spat out was not racist, according to the country’s media watchdog.
The Australian Press Council ruled that the drawing, published by Murdoch group newspaper the Hera
ld Sun, did not breach Australia’s press standards and instead was capturing Williams’ “on-co
urt tantrum” at the 2018 US Open final “using satire, caricature, exaggeration and humor.”
The cartoon was published shortly after the bad-tempered final, in which Wi
lliams had a dispute with the umpire over his allegedly sexist treatment. The pr
ess watchdog received a number of complaints about the image, which drew international condemnation.
The press council said the newspaper “was depicting the moment when, in a high
ly animated tantrum, Ms Williams smashed a racquet and loudly abused the ch
air umpire, calling him a thief, a liar and threatening that he would never umpire her matches again.
”Giant pandas are China’s national treasures,” said Minister Xu Xueyuan, the Chinese embassy in the United States. “Although they are large in size, they are also charm
ing, tolerant, and peace-loving, representing many values of China itself, and are loved by people all over the world.”
”Giant pandas are also symbolic of the China-US friendship,” she told a ceremony at the giant panda house.
The housewarming was jointly hosted by the zoo and the Chinese embassy.
Giant pandas live mainly in southwest China’s Sichuan Province as well as neighboring Shaanxi and Gansu.
The latest census in 2014 found there were 1,864 giant pandas alive in the wild. The number of pand
as bred in captivity reached 548 globally as of November, 2018, according to China’s National Forestry and Grassland Administration.
At the zoo’s David M. Rubenstein Family Giant Panda Habitat currently live three giant pandas, Mei Xiang, Tian Tian and their three-year-old son, Bei Bei.
The Smithsonian’s National Zoo is one of Washington DC’s most popular tourist desti
nations and is part of the Smithsonian Institution, a world-renowned museum and research complex.
systemic financial risks, are the fundamental tasks of financial work, calling for accelerated construction of the fina
ncial market infrastructure and advanced efforts to nationalize key information infrastructure in the sector.
He also urged solid statistics in the financial sector and improvement in the warning system and rules on information disclosure and management.
Education and supervision of senior officials of financial institutions and regulators sh
ould be enhanced, and more should be done to fight corruption in the financial sector, Xi said.
He called for dynamic supervision of domestic and cross-border capital flow to enable financial watchdogs to fully monitor all flows.
Xi said tasks for the reform and opening-up of the financial sector should be well implem
ented, calling for the preparation and the rolling-out of new reform and opening-up measures based on
the latest development of global economy and finance as well as the strategic needs of China.
Reforms including revamps on market access system and trading regulations should be deepened, and regulators should take a two-pronged appr
oach of enforcing both macro-prudential management and micromanagement of behaviors, he said.
He said those causing major financial risks due to their breaches such as lax regula
tion, cover-ups or decision-making failures must be held accountable and face serious punishment.
Efforts should be made to address the current situation where the costs of legal and
regulatory breaches in the financial sector, especially capital markets, are too low, Xi said.
Xi urged enhancing the global competitiveness of China’s financial sector, elevating the two-way opening-up to a highe
r level and beefing up capabilities of financial management and risk prevention and control amid greater opening-up.
NEW YORK — A Boeing 767 cargo jetliner with three people on board crashed into a bay near Housto
n’s George Bush International Airport on Saturday, said the US Federal Aviation Administration (FAA).
It is unlikely that anybody could have survived, said Brian Hawthorne, sheriff of the Chambers County of the US state of Texas.
Hawthorne told local newspaper Houston Chronicle that police have found human remains at the si
te of the crash and investigators have recovered parts of the plane, the largest at 50 feet (around 15 meters) long.
The twin-engine plane, operated by Atlas Air, was flying from Miami to Houston wh
en it crashed shortly before 12:45 pm local time (1845 GMT), said the FAA, add
ing that radar and radio contact was lost with the aircraft at around 30 miles (48 km) southeast of the airport.
The US National Transportation Safety Board will be in charge of the investigation, it said.
Meanwhile, Atlas Air said the flight was being operated for Amazon.
“Our main priority at this time is caring for those affected and we will ensure we do all
we can to support them now and in the days and weeks to come,” Atlas Air said in a statement.
A residential building located at Xihu district in Nanchang, Jiangxi province, collapsed on Sunday morning, trapping people under the rubble, according to CCTV.
By 11:00 am, three people, including two adults and one child, were successfully pulled out by the fire department. They suffered minor injuries.
The second and third floor of the three-story building, which is
made of wood and bricks, collapsed. The accident trapped three households.
The search-and-rescue operation is underway.
BEIJING – China will further enhance physical activities in primary and sec
ondary schools and promote students’ interests, said the Ministry of Education Friday.
Provincial-level regions in China have clearly included physics as
a subject scored in senior high school entrance exam, according to the ministry.
Details to evaluate the subject of physics are based on local conditions, it
said, adding swimming is used to assess the score in certain regions.
In 2016, the ministry released a guideline aiming to establish a senior high school ent
rance exam system based on both academic performance and comprehensive quality