A backlash at home, as well as widespread international criticism, quickly prompting the US to reverse course, promising to provide aid in India.
After having its own domestic coronovirus outbreak, Beijing has positioned itself as a global leader in fighting the epidemic, often helping other countries with an “America First” approach to the US under former President Donald Trump Is contrary to his eagerness for.
And as the crisis in India has rapidly spiraled out of control, Chinese leaders have repeatedly expressed a desire to help, “pledge to provide the best support and assistance to the best of our ability if the Indian side gives us their specific needs Informs about. “
New Delhi, however, is yet to take Beijing to the proposal, which is perhaps a result of deep distrust and mistrust between the two Asian powers.
But since then, bilateral relations have rapidly deteriorated in large part due to tensions along a shared border in the Himalayas. In June, the two countries witnessed clashes at their deadliest border in more than 40 years, with at least 20 casualties on the Indian side (China later said four Chinese soldiers were killed).
Meanwhile, New Delhi has built close ties with Washington, which sees India as an important partner to tackle China’s growing presence and ambition in the region, redefining India’s commitment to the Quad , An informal alliance with the US, Australia and Japan.
Although some people in India may well agree with this assessment, many have disbanded since last year to believe that Beijing has their best interests at heart, and a belief that China will benefit from the crisis. Trying to lift a wedge between Delhi and Washington can finally backfire.
Under domestic and international pressure, US President Joe Biden on Sunday promised “full support of the US to provide emergency aid and resources in the fight against Kovid-19” during a call with Indian Prime Minister Narendra Modi.
On the other hand, China also cannot call back.
Beijing said that on Tuesday it would establish the Kovid-19 “Emergency Supply Reserve” for South Asian countries, including Afghanistan, Pakistan, Nepal, Sri Lanka and Bangladesh. According to Chinese state media, India was invited to attend the meeting online, but did not attend.
Chinese Foreign Minister Wang Yi said, “Hopefully our meeting today can also help India in the fight against the epidemic.”
Quoted and noted
“(Dong Hong) completely lost his ideals and beliefs … The party was grossly violated by political discipline and rules, was dishonest and disinterested towards the party, indulged in superstitious activities and illegally disciplinary and law enforcement. Interfered. “
China’s business: HSBC’s profits increased 79% at the beginning of the year
The bank – still headquartered in London, though it makes the most of its money in Asia – said on Tuesday that pre-tax profit rose by 79% to $ 5.8 billion in the three months ended in March.
This was despite revenue of 5% to $ 13 billion.
HSBC said the reforming economy has allowed it to release $ 400 million that has been set aside to cover the epidemic losses. All regions were profitable, and the United Kingdom was a bright spot – more than $ 1 billion in pre-tax profits.
“We started the year off well,” CEO Noel Quinn said in a statement on Tuesday. “The economic outlook has improved, although uncertainties remain.”
The bank specifically wants to build its presence in mainland China, protect its leading position in Hong Kong and establish Singapore as a wealth management center.
It plans to appoint more than 3,000 wealth managers in China alone, where its Asia Pacific CEO has said that the middle class population “could double from the current 300 million, to 600 million by 2028.”
– by Michelle Toh
Long Legacy of a Child Policy
According to official figures released on Tuesday in the capital, Beijing saw its lowest birth rate in the past decade, raising fears of a national demographic crisis.
The city only saw 100,368 newborns in 2020, falling more than 32,000 by 2019. Its birth rate has been steadily falling for the past several years – a trend that has been observed across the country.
This is a latest list of warning signs over the past few years about a possible population decline. The number of newborns registered across China decreased by about 15% last year, and the national birth date reached its lowest level since the founding of the People’s Republic in 2019.
This creates serious potential problems for when the current working-age population reaches retirement, particularly as the “one child” generation ages.
The “One Child Policy” limited most couples in China to a single child from 1979 to 2015, causing a dramatic decline in the national fertility rate and an increase in the elderly population.
The rule has been relaxed since 2016, and officials have since encouraged families to produce more children – but it appears that the fall is too late.
The country is now waiting for the results of its seventh National Population Census, which is to be released in the coming weeks.
photo of the Day
2021 first supermoon: Tuesday night saw the first of two supermoons – seen from above the Yellow Crane Tower in Wuhan, Hubei Province. A supermoon occurs when the satellite is closest to the Earth and appears to be the largest and brightest.