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Shenzhen donates 10 million digital currencies to the people


ChinaThe Shenzhen government randomly donates more than 10 million yuan to people in a digital currency pilot program.

Nearly two million people in Shenzhen signed up for the chance to become one of the 50,000 randomly chosen people to receive a 200 yuan ($ 30) “red bag” on October 11.

Program participants must download the currently unpublished Renminbi app on their smartphones to receive the virtual currency and spend next week. The virtual money can be spent at 3,800 stores designated by the government in La Ho district.

Bankers in Nantong, Jiangsu Province, China count 100 yuan deposits. Image: AFP.

The Internet office of the Shenzhen government said this is the latest digital currency pilot program aimed at stimulating consumer spending to support the economic recovery after Covid-19.

In April, a number of cities, including Shenzhen, began experimenting with digital currencies into local monetary systems such as paying civil servants’ salaries. The currency, backed by the People’s Bank of China, is part of the government’s plan to stimulate non-cash consumption, with digital currencies easier to monitor than paper money.

Electronic payments in China are very popular and become an essential part of the consumer economy, mainly through the application of major technology firms like TenCent or AliPay.

During today’s financial conference, Fan Yiffi, deputy governor of the People’s Bank of China, said barcode scanners and facial recognition technology are also viable transaction methods. Fan said that the pilot programs to date have processed 1,313 million transactions worth more than 1.1 billion yuan ($ 162 million).

Shenzhen’s digital money distribution program comes ahead of Chinese President Xi Jinping’s visit on October 14 on the occasion of the 40th anniversary of the establishment of the special economic zone. Mr. Xi plans to announce plans to turn the tech city into a “piloting area of ​​Chinese socialism”.

Last year, Chinese media reported a plan to turn Shenzhen into “one of the world’s leading cities in terms of economic strength and development quality” by 2025.

Hong Hanh (Follow Guardian)

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China – Cambodia signed a free trade agreement


China and Cambodia signed a free trade agreement after less than a year of negotiation, aiming to cut taxes and boost bilateral market access.

Chinese Foreign Minister Vuong Nghi and Cambodian Prime Minister Hun Sen and the two countries’ trade ministers today witnessed the signing of a free trade agreement (FTA) broadcast live online. Mr. Vuong arrived in Cambodia yesterday for a visit to broadcast a signal of the growing close relationship between the two countries.

Under the agreement, which started being negotiated late last year, the two countries will cut taxes on products in areas such as trade, tourism and agriculture.

Mr. Hun Sen appreciated the agreement, saying that it has great economic and political significance, while Mr. Vuong Nghi said that signing the FTA radiates strong signals and helps Cambodia solve the challenges caused by the Covid-19 pandemic.

Chinese Foreign Minister Wang Yi (left) and Cambodian Prime Minister Hun Sen at the Peace Palace in Phnom Penh today. Image: AFP.

“The signing of the agreement demonstrates a stronger relationship between the two countries and marks another important milestone for Cambodia’s relations with China,” Cambodia Trade Minister Pan Sorasak said at the meeting. ceremony.

According to Mr. Pan, the agreement he hopes to come into effect early next year, “will deliver stronger economic partnerships through the level of market access, the liberalization of goods, services, and investment. investment higher “.

No details have been provided on the deal and it is currently unclear how it will impact the existing trade deal between China and ASEAN to which Cambodia is a member.

The deal could be a “boost” for Cambodia, which last year partially suspended special trade incentives with the European Union (EU), a key market for its exports. The EU’s move includes re-imposing tariffs on certain apparel and footwear items, which are central to Cambodia’s manufacturing sector and economy.

Cambodia, one of Asia’s poorest countries, has been a key ally to China in recent years and is believed to have repeatedly supported Beijing’s stance in exchange for economic assistance. Cambodia denied this accusation, asserting that its foreign policy was not influenced by China.

Huyen Le (Follow Reuters)

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The Australian Premier has a ‘secret relationship’ with China politicians


New South Wales (NSW) Premier Gladys Berejiklian on October 12 spoke about the relationship with former Wagga Wagga city congressman Daryl Maguire, who is being investigated for involvement in a scheme to fraudulent public visas Chinese people.

Maguire was forced to resign in the NSW Parliament and as chairman of the NSW Parliamentary Asia Pacific Friendship group, after a 2018 investigation suggested he sought to assist property developers. Chinese real estate in land transactions.

Berejiklian said she had been in a relationship with Maguire since 2015 and called him “the most important person”. However, the NSW Premier said she asked Maguire to resign following the 2018 Independent Commission’s investigation on corruption (ICAC).

New South Wales Premier Gladys Berejiklian during a hearing in Sydney, Australia, on 12/10. Image: AAP.

Speaking to the media after the October 12 hearing, Berejiklian said she had “made a mistake in her personal life” with a relationship she did not even reveal to her closest family or friends. .

However, Berejiklian insisted she continued to hold the role of Premier of NSW because “did nothing wrong”. “People may have tried to influence me, but they have failed,” Berejiklian said, adding that she stopped contacting Berejiklian since September.

A new ICAC investigation is focusing on Maguire’s pursuit of business deals between 2012 and 2018, often involving “relations with China”.

Maguire is believed to have discussed with Berejiklian about his financial affairs, including his $ 1.5 million in debt, as well as his possibility of earning money from an airport land deal.

Maguire is “an exaggerator”, Berejiklian says, and she often sees him talking about deals as fantastical. The NSW Premier added she is a “woman independent of her own finances”, adding that she “never ignores inappropriate behavior”.

“I am very clear about my public responsibility and understand the difference between private life and public responsibility,” Berejiklian stressed.

The incident of Prime Minister Berejiklian and former MP Maguire took place in the context of conflicting Canberra – Beijing relations because of many problems. China is said to be “on sight” of Australia’s anti-foreign intervention, but Beijing has repeatedly denied interfering with Canberra.

Relations between the two countries are also serious due to many issues such as trade and influence competition in the Pacific region and have increased recently after Canberra called for an independent investigation of the origin of Covid-19.

Ngoc Anh (Follow Reuters)

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Two scientists won the 2020 Nobel Prize in Economics


Paul R. Milgrom and Robert B. Wilson are the next two names to be awarded this award, with research in auction theory.

At 16:50 on 12/10 (Hanoi time), the Royal Swedish Academy of Sciences announced the 2020 Nobel Prize in Economics to Paul R. Milgrom and Robert B. Wilson. Both have contributed to the improvement of auction theory and the creation of new auction formats.

Paul Milgrom was born in 1948. Robert B. Wilson was born in 1937. Both are American and currently teach at Stanford University (USA).

The Royal Swedish Academy of Sciences said the auction was everywhere. People use auctions to buy and sell things on the Internet. However, each person’s goals are different. Some sellers want to maximize sales. Others use auction as a tool to reduce CO2 emissions. “The auction theory of Paul Milgrom and Robert Wilson is the key to understanding how these goals can be achieved,” the agency said.

Paul R. Milgrom (left) and Robert B. Wilson. Image: Stanford University

Last year, the award went to three scientists Abhijit Banerjee, Esther Duflo and Michael Kremer. They are awarded with research on an empirical approach to global poverty reduction.

Economics is usually the last award awarded each year with the Nobel Prize for Medicine, Physics, Chemistry, Literature and Peace. The Nobel Prize for economics was not part of the original prize structure in the will of the Swedish scientist Alfred Nobel. This award was added in 1968, on the 300th anniversary of the establishment of the Central Bank of Sweden – Sveriges Riksbank, which is also the fund contributor of this award.

However, the process of nominating, selecting and awarding the Nobel Prize in Economics is still similar to other fields. This year’s Nobel Prize winner in Economics will be awarded 10 million Swedish kronor (about 1.1 million USD).

To date, the Nobel Prize in Economics has been awarded 51 times to 84 scientists. The youngest was named at the age of 47, and the oldest was 90. Up to now, only two women have won this award.

List of Nobel Economics for the years 2009 – 2019

Year Award winners Construction nation
2019

Abhijit Banerjee, Esther Duflo and Michael Kremer

Empirical approach to global poverty reduction America and France
2018

William Nordhaus

Paul Romer

Climate economics

Endogenous growth theory

America
2017 Richard H. Taler Behavioral economics America
2016 Oliver Hart and Bengt Holmström Contract theory USA and Finland
2015 Angus Deaton The relationship between consumption, poverty and well-being America
2014 Jean Tirole How to manage corporations, large companies in the market. France
two thousand and thirteen Eugene F. Fama, Lars Peter Hansen, Robert J. Shiller Asset price analysis America
2012 Alvivin E. Rom and Lloyd S. Shapley Stable distribution theory and market-making practice America
2011 Thomas J. Sargent and Christopher A. Sims The relationship between macroeconomic policies and their impact on the economy America
2010 Peter A. Diamond, Dale T. Mortensen and Christopher A. Pissarides New formula for interaction in the market, between parties of goods, services, jobs … and seekers English, American
2009 Elinor Ostrom and Oliver E. Williamson Mode of operating the economy America

Ha Thu

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Carrie Lam postponed her speech because she received instructions to go to Beijing to meet


Hong Kong leaders announced the postponement of their annual policy speech after receiving instructions to go to Beijing to meet with government officials.

Hong Kong Special Zone Chief Carrie Lam today announced a key annual speech scheduled to take place on October 14, which outlines the government’s plans for the city, that will be moved to the end of November. was the first time the chief executive’s speech was postponed in Hong Kong history.

The delay was announced two hours after Chinese media reported that Chinese President Xi Jinping will preside over the 40th anniversary of the establishment of the Shenzhen Special Economic and Trade Zone, bordering Hong Kong, at the same time she Lam expected to speak.

However, Ms. Lam asserted that the main reason for the delay was her attendance at meetings in Beijing later this month on the development of the Greater Bay Area, a plan to integrate Hong Kong, Macau, Shenzhen and 8. southern Chinese city into a center of finance and technology. This plan is seen as the key economic motivation to accelerate the recovery of Hong Kong and China.

Hong Kong Special Zone Chief Carrie Lam at a weekly press conference on October 6. Image: AFP.

“I have submitted proposals for the government to consider and they have responded positively with the suggestion that since the proposals include many subjects, it is best for the chief of the special zone to come to Beijing and personally explain at Why are these measures important to Hong Kong “, Ms. Lam said.

Ms. Lam reaffirmed that was the real reason for the speech delay and no meeting was scheduled between her and Mr. Xi in Shenzhen.

Hong Kong is governed by the “One Country, Two Regimes” model, allowing the city to maintain a degree of autonomy and certain rights over mainland China. However, the massive protests lasted for months last year prompted Beijing to step up its regulatory measures.

Beijing in June enacted a national security law for the special zone, which criminalizes a series of political crimes. The law also allows mainland security personnel to operate publicly in the city for the first time, as well as giving Beijing jurisdiction over particularly serious cases.

The Chinese government has always supported Ms. Lam, although her credit rating in Hong Kong is quite bleak. Businesses in the city will carefully follow the upcoming speech of Ms. Lam.

Huyen Le (Follow SCMP, AFP)

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Just be honest, all your spouse standards can be ignored


The day ended with pouring rains that seemed to ease the heat of the South somewhat.

A rainy day brings people back to memories, where the joys and sorrows are often confusing. Then I secretly hope to have someone to talk to and share my own stories, so that I will no longer feel lonely and alone in this world.

I was born in 1991, currently working and living in Bien Hoa, Dong Nai, a hometown in Thanh Hoa. I am naturally peaceful and cheerful, taking care of people. I hope through a few short lines of confession, luckily find a person to share sadness and happiness together and help each other overcome difficulties in life. Thinking all the standards are just redundant without the sincerity of each person. If we only need to be sincere, everything else we can ignore and build up.

Work and busy life make these quiet moments so rare. The future is still a big question mark that always reminds me to try harder. Sometimes I suddenly think about distant things and let myself into them but then stop, because dreaming of reality is too far away.

Wishing everyone always peace.

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Find the ‘big lady’ to cure ‘loneliness’


Let me tell you about my boss. Her boss is 1.55 m tall, weighs 55 kg, was born and raised in a province in the Central region.

Because she was indifferent to enjoy outside pleasures, she forgot that she was 32 years old. Suddenly one day, she found out that her face was imprinted with time, to be frank. crow’s feet (probably going out a lot). Finished, startled and panicked, realizing he had been hit by loneliness – a poison that did not kill the host immediately but made the heart wither every winter. The owner also used to write articles to find someone to help, but maybe the charm is not enough so the antidote has not been found. Now I ask permission to post on her behalf for the second time, hoping to find “great lady” for her life.

A little bit of symptoms of the owner for you to watch out for medicine. My boss is straightforward, honest, cheerful, sociable and self-sacrificing. A bit stubborn but very understanding, forgiving, generous; Although sometimes in the morning, the afternoon rain, but there is always a sense of right and wrong to correct.

My boss loves to share. She will straighten out the problem she has and subtly tell him what he is thinking. She will tell you a lot of interesting stories and hope you too. Try to be patient, then you will be compensated for a good night’s sleep, because she thinks sharing, sympathy is the key to a stable marriage. She enjoys a simple life with family and close friends. In addition, she also loves dogs, is green, loves growing flowers and decorating houses.

My boss is short so I love it if anyone is tall, so she hopes you don’t be below 1.65m. I hope that your medicine has sincere, serious, a bit difficult ingredients as long as you love your family, a stable career and know how to share.

A few things like that, perhaps meeting each other will be more standard. Grandmothers please extend your hand to help my landlord. Your reward will be a loyal love and a warm family.

Thank you everyone for reading my article and wish those looking for a loving half will find it soon.

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As long as you do not play demanding race


He was born in Central Vietnam but has been in Saigon for more than 10 years.

Now also 30 years old – the age that is supposed to have a family, a child, a gentle wife at home, but so far there is no piece of love over her shoulder, still morning going to work, going home alone at night and seeing the phone like a close friend .

Currently, he works as a technician for a construction company in Saigon, mainly in the city. His personality is gentle, honest and quite shy, so he hasn’t gotten to know anyone before. Perhaps past the age of acquaintance, dating.

Although he works as a construction worker, he does not smoke, alcohol is a bit, but only for a long time or the company has parties. So don’t be afraid to build son like me.

Hopefully through this article, you can find you – my soulmate, whom I have been waiting for for 30 years. I don’t need much from you, I just hope that you are a caring girl, cultivating family happiness, loving her husband, and not playing around demanding.

If you read this article and want to find a serious relationship to build a family together, please reply to me. I would be happy if you reply me. Have a nice working day.

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Sudden death after fasting to pray for Trump from Covid-19


IndiaBussa Krishna Raju, 38, suddenly died from a cardiac arrest after days of not eating or sleeping to pray for Trump to get rid of Covid-19.

Bussa Krishna Raju passed out at a relative’s home in Medak district, Telangana state, central India, and was declared dead at the hospital on October 11 by doctors.

According to friends, Raju, an ardent fan of US President Donald Trump, was shocked to hear that his idol and his wife were positive for nCoV.

“He spent many sleepless nights, fasted and prayed for President Trump to recover for the past 3-4 days,” said a relative of Raju.

Bussa Krishna Raju and Trump worship corner at home in Telangana state in February. Image: AFP.

Raju admires President Trump for his straightforwardness and assertiveness in protecting America’s interests. He caught the attention of international media last year when he hired 15 workers to build a 1.8-meter tall, $ 1,778 Trump statue in the house to worship.

The villagers believed that he should see a psychiatrist, but Raju insisted that this was a testament to his love for the US President.

Bussa Krishna Raju at home in Telangana state in February.  Photo: AFP.

Bussa Krishna Raju at home in Telangana state in February. Image: AFP.

“Every Friday I fast to pray for Trump to live forever. I also take a photo of him and pray before doing anything. He is like a god to me,” Raju once told the media. Indian communication.

In February, he pleaded with the Indian government to let himself see Trump when he visited the country.

The President of the United States announced that he had a CoV infection on the morning of October 2 and then went to the Walter Reed Army Hospital for treatment, before returning to the White House on October 5. Trump announced today that he was “completely negative” for the virus and is about to resume election events.

Mr. Ngoc (Follow Sputnik)

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Logistics costs – competitive challenges of Vietnamese agricultural products


Vietnam’s agricultural sector faces the problem of cost-cutting to increase international competitiveness in the face of the effects of Covid-19 and the impact of EVFTA.

Vietnamese agricultural products are facing fierce competition in international markets, especially price competition. One of the reasons for the price increase of Vietnamese agricultural products is logistics costs.

According to statistics from the Ministry of Agriculture and Rural Development, logistics in the agricultural value chain accounts for 20-25% of the total cost, which is quite high compared to the average of 10-15% of countries in the region.

According to the Vietnam Logistic Report 2019, coffee is one of the commodities that is quite expensive when bringing products from the Central Highlands to Cat Lai port. The total domestic transport logistics cost in 2018 of this item is 35 million USD, approximately 10% of the total export value.

The farmer grows coffee. Photo: Phan Anh

According to experts, infrastructure and logistics costs are one of the issues that need to be resolved to increase the competitive advantage of Vietnamese agricultural products. In the context of global agriculture being heavily influenced by Covid-19, causing demand to decline, this problem must find a solution more quickly than ever.

The challenges facing the agricultural sector will be discussed by experts at an online seminar with the topic “Logistics costs for Vietnamese agricultural products – Challenging competition in international markets”, broadcast live. on VnExpress at 15h on October 13.

The program has the participation of representatives of the Ministry of Agriculture and Rural Development, Mr. Trieu Thanh Nam – Deputy Head of Trade Policy Department cum Head of European Market Group, Department of Agro-Processing and Market Development. The logistics and agriculture business side included Mr. Tran Duc Nghia – Director of Delta International Company Limited and Ms. Nguyen Thi Diem Hang – Chairman of the Board of Directors of Vietnam Organic Farm Company; Vice Chairman of Vinapharma Group Pharmaceutical Joint Stock Company, Creative Director of GMP Tadaphaco Pharmaceutical Factory.

Under the coordination of Mr. Nguyen Duc Tung – Private Economic Development Research Board (Section IV), the guests will focus on analyzing the context, as well as the impact of the supply chain breakdown of Vietnamese agricultural products. South, which goes into depth on the loss during harvest and transportation. In addition, representatives of ministries, sectors and businesses frankly assessed the lack of linkages between agricultural products and logistics, and standard agricultural preservation technologies and techniques. From there, find solutions to reduce logistics costs and increase the competitiveness of Vietnamese agricultural products.

Readers can ask questions of the speakers in the comments.

Pham An

A series of webinars on agricultural issues is one of the activities of the AgriFair Online Agricultural Fair. The events will focus on discussing urgent topics, many businesses, readers interested in the agricultural sector. This is where managers, experts and businesses find solutions to agricultural – agricultural – market problems and future business development scenarios, especially the transition scenario. industry number change.

Interested individuals and units see information here

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