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Thursday, 25 July 2019

China orders US to remove ‘black hands’ from Hong Kong

Escalating violence in Hong Kong over the weekend opened new fronts in its crisis over an extradition Bill that could see people sent to China for trial in Communist Party-controlled courts.ST PHOTO: CHONG JUN LIANG

Why are protests in Hong Kong turning violent?
 
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FM Spokeswoman Refutes FBI Chief's Fallacy



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Mike Pompeo, US Secretary of State, who was once the intelligence chief of the U.S., bluntly stated in a public speech in April that 'we lie, cheat and steal, and this is the glory of experiment of America.'
 

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China said on Tuesday (July 24) that US officials were behind the violent chaos in Hong Kong and warned against interference, following a series of protests in the city, including bloody clashes on the weekend.

“We can see that US officials are even behind such incidents,” said Chinese Foreign Ministry spokesman Hua Chunying at a regular press briefing on Tuesday.

She was referring to violence related to weeks of protests spearheaded by pro-democracy activists against a Bill that would allow people to be extradited from the city to stand trial in courts in mainland China.

“So can the officials tell the world what role did they play and what are their aims?” Hua asked.

On Sunday, groups of men in white T-shirts, who opposition politicians suspect were linked to Hong Kong criminal gangs, assaulted some pro-democracy protesters, after some protesters had vandalised Beijing’s main office in the city

Hua, asked about criticism of violence by the United States and Hong Kong’s former colonial ruler, Britain, said China would not tolerate any interference.

“The US should know one thing, that Hong Kong is China’s Hong Kong, and we do not allow any foreign interference,” she said. “We advise the US to withdraw their black hands.”

On Monday, a British junior foreign minister said Britain “will be keeping a close eye” on Hong Kong leader Carrie Lam’s investigation into the vicious assault on pro-democracy protesters.

“I welcome Carrie Lam’s statement today saying she has asked the Commissioner of Police to investigate this incident fully and pursue any lawbreakers,” Andrew Murrison told the House of Commons.

Britain, which signed a treaty handing over control of the territory to China in 1997, “remains fully committed to upholding Hong Kong’s high degree of autonomy, rights and freedoms”, he added.

Earlier this month, the US State Department urged all sides in Hong Kong to avoid violence after protesters ransacked the territory’s Parliament on the anniversary of its handover to China.

Following that episode, US President Donald Trump said that the protesters who stormed Hong Kong’s Parliament wanted democracy for the semi-autonomous territory.

“Well, they are looking for democracy, and I think most people want democracy. Unfortunately, some governments don’t want democracy,” Mr Trump told reporters at the White House on July 1.

But on Monday, he praised Beijing’s handling of the protests, saying he believed Chinese President Xi Jinping has acted responsibly.

"I know that that’s a very important situation for President Xi,” Trump said, adding that “China could stop them if they wanted”.

“I think that President Xi of China has acted responsibly, very responsibly,” Trump told reporters. “I hope that President Xi will do the right thing.”.

Hong Kong, a global financial hub, returned to Chinese rule in 1997 under a “one country, two systems” formula that allows freedoms not enjoyed in the mainland, including freedom to protest and an independent judiciary. .

But many in Hong Kong resent what they see as Beijing’s creeping control and its refusal to let its residents directly elect their leader. .

China denies interfering in Hong Kong and has warned that the violent protests over the proposed legislation allowing extraditions to mainland China were an “undisguised challenge”to the formula under which it is ruled. - (Straits Times, REUTERS, AFP)

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Wednesday, 24 July 2019

China releases white paper on national defense, expounds on missions, tasks of China's armed forces in new era

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China says it will never seek hegemony in national defense white paper


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China issues a white paper titled "China's National Defense in the New Era," the first white paper on national defense since the 19th National Congress of the Communist Party of China in 2017. CGTN brings you the latest information live from the press conference.

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The PLA's expanding role in the New Era


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A white paper titled "China's National Defense in the New Era" released by the State Council Information Office Wednesday expounded on the missions and tasks of China's armed forces.

China's armed forces endeavor to provide strategic support for consolidating the leadership of the Communist Party of China and the socialist system, safeguarding national sovereignty, unity and territorial integrity, protecting China's overseas interests, and promoting world peace and development, said the white paper.

The missions and tasks of China's armed forces were laid out in seven aspects:

-- Safeguarding national territorial sovereignty and maritime rights and interests;

-- Maintaining combat readiness;

-- Carrying out military training in real combat conditions;

-- Safeguarding interests in major security fields;

-- Countering terrorism and maintaining stability;

-- Protecting China's overseas interests;

-- Participating in disaster rescue and relief.

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Can China become a military superpower?

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Tuesday, 23 July 2019

Invest early for your golden years



Many procrastinate on starting a retirement fund thinking there is still a long way to go to retirement age. However, they fail to realise the effects of inflation on their retirement funds. To ensure you have enough time to build a stress-free retirement, here are some reasons you should start saving while you are young.

Financial independence – As the saying goes, “Sikit-sikit lama-lama jadi bukit.” When it comes to investing your savings, the earlier you start, the greater the accumulated returns on your original investment thanks to compound yield. By investing consistently and regularly, you will be able to secure yourself a comfortable retirement without having to depend on others. Work towards accumulating enough to cover the cost of your basic necessities, lifestyle expenses and occasional splurge on luxuries.

Saving is a good habit to develop – If you start saving for your future from a younger age, you will find that it becomes second nature. It will be easier to put aside some money for retirement. It helps to start with small amounts, especially for young adults who are just entering the workforce, so it is not as overwhelming. How you manage your paycheck will determine how you save for the rest of your earning years. A person who is used to saving on a monthly basis will find it easier to set aside 10% of her salary for retirement as opposed to an individual who is not used to spending her money prudently.

Gain control over your future – When you set aside money for your retirement, remember that you are shaping your future. This is a task no one else will perform for you or push you to do. By saving consistently, you are ensuring that you are well prepared for any outcome when you leave the workforce. With sufficient savings, you will most likely be able to live your dream lifestyle even during your retirement years – promising you the peace of mind of a secure financial future.

Steps to successful retirement planning

Building a substantial sum for your retirement nest egg can be easy and painless if you start investing early and regularly. Public Mutual’s Direct Debit Authorisation facility allows you to invest regularly while employing the Ringgit Cost Averaging strategy.

Not only that, you can enjoy tax relief of up to RM3,000 per annum if you contribute to the Private Retirement Scheme (PRS) fund. PRS contributions are creditor-protected. Public Mutual’s PRS contributors can also enjoy a free insurance or Takaful coverage of up to RM100,000, subject to terms and conditions.

To cater to diversified investors’ needs and investment objectives, Public Mutual offers six PRS core funds and three non-core funds, which make a great pool of funds for investors to choose from. Young investors who have long-term investment horizons can consider investing in PRS non-core funds, which can yield better potential returns in the long term.


For more financial tips and investment guidance, visit instagram.com/invest_with_public_mutual

Disclaimer:

These articles are prepared solely for educational and awareness purposes and should not be construed as an offer or a solicitation of an offer to purchase or subscribe to products offered by Public Mutual. No representation or warranty is made by Public Mutual, nor is there acceptance of any responsibility or liability as to the accuracy, completeness or correctness of the information contained herein.

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