February 2019

Alipay updates anti-fraud functionsscans a quick response

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.

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The country will also push for high-quality developmen

of the sector with a focus on improving financial services and forestalling financial risks.

Opening-up of China’s financial factor has sped up, as the country re

moved foreign ownership caps of banks and financial asset management firms last year.

Richard Turnill, global chief investment strategist of BlackRock, an American global investment man

agement corporation, is also positive on China’s stocks market, according to the Barron’s report.

Turnill said stronger inflows into Chinese A-shares, and China’s efforts to boost credit growth and sti

mulate its economy are also helpful to a bullish stock market.

However, selectivity of stocks is needed, Turnill said, adding that BlackRock favors b

rokers and companies related to the domestic consumer that can benefit from the efforts to stimulate growth locally.

Major securities traders in China, such as the Merchants Securities, CITIC Securities, and Fo

under Securities are all optimistic about China’s stocks market this year, according to a report from finance.sina.com.

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The same tactic has also been used within the United State

  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.

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Vietnam’s path from a mortal enemy to a friendly partn

  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?”

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Critics of the Trump administration’s unconventional North

  Korea policy have assailed the President and his advisers for failing to get the North to agree to anything specific at

their June meeting — the first between a North Korean leader and a sitting US president — in Singapore.

  The US contends that talks have brought the two sides back from the brink of war and created an unprecedented opportunity to cut a deal.

  A handful of analysts believe there is an agreement to be had but question whether either side has the flexibility to compromise.

  Trump touts trust with Kim in TV interview

  ”So far, the negotiations have reduced tensions for a year and slowed the advancem

ent of the arsenal marginally. The trick now is to make those limits permanent and to make th

em strict limits,” said Adam Mount, an expert in nuclear deterrence at the Federation of American Scientists.

  Lee, the former AP Pyongyang bureau chief, likens Trump and Kim’s next meeting to a chess match. The first su

mmit helped establish a “leader-level relationship,” but Hanoi will be time to move beyond smiles and pleasantries.

  ”They (US) need to go into this next summit prepared and having done their homework,” she said.

  ”I know how tough the North Koreans are, and if you don’t understand the history and the motivations of the No

rth Koreans, it’s very easy to be swayed by the propaganda and the drama of the moment.”

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Extended talks raise hopes there’s a deal in the offingChi

The extending of the talks between China and the United States to resolve their trade and econo

mic frictions will hopefully give substance to the optimism expressed by both sides that they can reach a deal.

US President Donald Trump, senior US officials, and Vice-Premier Liu He, the special envoy of President Xi Jinping, who is h

eading the Chinese delegation, all expressed the belief on Friday that the two sides have made significant progress to

ward reaching a comprehensive agreement that will put an end to the current trade standoff.

It is to be expected that the discussions at this stage will be the toughest test ye

t for the two teams of negotiators, and their task is not one to be envied. However, the un

scheduled two-day extension to their discussions indicates that tangible headway is being made in their joint effo

rts to find a mutually acceptable way to resolve their differences and put an end to their quarrel.

Given what was said on Friday, it seems the talks have gone more deeply and ext

ensively into the bilateral relationship than either side initially anticipated. As US P

resident Donald Trump observed, “we’re covering things that we didn’t even know we’d be covering.”

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Boeing 767 cargo jetliner crashes near Houston airport

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.

www.headun.cn

But dreams of a new reality for Iran screeched to a halt in

  But dreams of a new reality for Iran screeched to a halt in May 2018 when President Donald Tr

ump pulled the United States out of the nuclear deal. Despite repeated certifications that Iran was

sticking to its end of the bargain, Trump unleashed several rounds of stinging sanctions on the country.

  The US president said the penalties aimed to force Iran to end its military adventurism in the region, a demand that Iranian officials have repeatedly brushed off.

  Officially, the sanctions exempt humanitarian goods, such as food, medicine and medicin

al instruments. But in reality, shortages in essential goods have affected households across the country.

  Ali now gets the medicines to treat his daughter’s rare genetic disease, from friends living abr

oad. Her medical bill has more than doubled, forcing him to sell his car, work two jobs, and accu

mulate loans. He says that his entire salary from his day job as a waiter goes toward Dory’s treatment.

  ”I am a wedding singer at night. I try to stay cheery and

keep a smile on my face, but on the inside all I can think about is my daughter,” says Ali.

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Patients and their families are doubly affected by plum

  meting purchasing power across the country. It’s a situation, Emami says, that has made a lot of treatable cases lethal.

  ”I have a patient upstairs … I diagnosed him with brain cancer. The cost of biopsy, the chemotherapy and medication is

very high. So, the family asked me if I could leave him be,” says Emami. “Every day, we see this story here.”

  Even when families can afford medical equipment they often join long waiting lists. Cardia

c pacemakers are in short supply in the country, and patients must abandon their regular lifestyles, an

d become admitted to hospitals where they are hooked up to a cardiac machine.

  Emami tells CNN that some families are opting out of paying for feed

ing tubes for relatives with advanced Alzheimer’s disease. Without the feeding tubes, the pat

ients spend the rest of their days wired to machines in hospitals, instead of receiving home care.

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A businessman, three women and Joseph Stalinttee has

  One of the two witnesses says the committee has a photograph of a younger Geovanis apparently posing in a portrait with three partially clo

thed women. The portrait, once displayed in a Russian gallery under the title “The Capitalist,” depicts the subjects in front of a picture of th

e former Soviet leader Joseph Stalin. It’s not clear whether the portrait is a single photograph or a composite.

  The witness told CNN that they were shown the photograph during questioning.A thi

rd witness has alleged in written testimony, seen by CNN, that Geovanis may be valuable in the mystery of

whether Russia has material on Trump that could be personally embarrassing to him.

  Known by the nickname “Geo” to his friends, Geovanis was born in Brockton, Mass

achusetts, and is a graduate of Trump’s alma mater, the Wharton School at the Un

iversity of Pennsylvania. After starting his career in finance, Geovanis went to Moscow to work for a Russian ve

nture of a company called Brooke Group, which owned land earmarked for the site of a proposed Trump Tower. W

hen Trump came to town to promote the project, sources say, it was Geovanis’ job to show him around.

  Also on the trip were Brooke Group’s owners, the real estate moguls Bennett LeBow and How

ard Lorber, who went on to become substantial donors to Trump’s 2016 presidential campaign. Trump pers

onally acknowledged the pair from the podium after he won the 2016 New York Republican primary.

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