19 arrested in China metals exchange investigation

 

SHANGHAI–A total of 19 people connected to a troubled Chinese metals exchange have been arrested, authorities said, after repeated protests by disgruntled investors and as the number of cases of financial fraud rise.

Shan Jiuliang, chairman of Fanya Metals Exchange, which managed around 40 billion yuan (US$6.2 billion) in assets and claimed to be the world’s largest minor metals exchange, was among those accused of illegal fundraising, said a statement on the city government’s news portal in Kunming, where it is based.

Fanya offers investors the chance to bet on increasing metal prices, promising some speculators double-digit returns on their investments.

But with commodity prices plunging worldwide, some of the exchange’s reported 220,000 investors say they have been unable to withdraw funds since April 2015.

The crisis sparked protests in Beijing and Shanghai, with police detaining hundreds of people in the capital.

Nearly 28,000 Fanya investors have declared 7.8 billion yuan of funds unpaid on a national police website set up in response to widening fraud cases in the country, the statement late Wednesday said.

The platform was first activated after peer-to-peer lending firm Ezubao bilked 900,000 investors out of US$7.6 billion by offering high interest rates which it was unable to pay, in what one executive described in a televised confession as a “typical Ponzi scheme.”

In May police also arrested 35 executives and employees of Shanghai-based Zhongjin Asset Management after it failed to make payments of 5.2 billion yuan to its 25,000 investors.

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Female Chinese students ‘asked to hand over nude photos to secure loans’

Female students in China are providing nude pictures as collateral for loans, according to reports.

According to state media, some university students have sent photographs of themselves naked, holding identification cards, to potential lenders, in order to obtain higher loan amounts.

The loan sharks threaten to send the pictures to their parents or publish them online if they fail to repay the loan on time, reports said.

The students are often required to pay extremely high interest rates as part of the arrangement.

One student borrowed 120,000 yuan (£12,870), but she found her debt had increased to double that within four month.

She then had to borrow money from her parents to pay back half of the loan after she was threatened that the pictures would be posted online

Another student borrowed 500 yuan (£54) at an interest rate of 30 per cent per week, the Southern Metropolis Daily said. The student found the loan shark on peer-to-peer lending platform Jiedaibao.

It is unclear how widespread the practice is on the Chinese internet, but Jiedaibao told the Shanghai based Sixth Tone outlet it had launched an investigation.

Loans are difficult for students to obtain in China and the wider industry is largely under-regulated.

Comments on China’s Internet on Wednesday were largely divided, with many criticising the loan sharks, while others said the students were to blame for chasing money.

“It’s stupid to send nude photos,” said one post on Sina Weibo, China’s version of Twitter.

“The girl is so naive and stupid. I wonder how she is able to enter the university.”

Another post said: “This is notorious now, but it is still operating. Doesn’t it break the law?”

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Dating a Chinese woman

chinese women for love and marriageFeeling a bit lonely lately? Tired of the local fauna of women back home? Take a trip to China where your love life will bloom!
If you want to start dating a Chinese woman we will here give you some handy tips for your endeavors.

Have you been traveling to China before? There are many cultural aspects to be given thought before you start dating a Chinese woman. What are Chinese women like? What do they like? How should I behave? In the search bar to the right of this side you can enter search terms such as “culture” or “love” in order to find all kinds of articles that will be valuable for you when you meet your future woman.

 

 

Websites for dating Chinese women:

www.datingchinese.com/ – This is a fairly popular site when it comes to dating Chinese women.

www.chinalovecupid.com/ – Another option for China dating.

www.chinesewomeninloveandmarriage.com/ – This is a very popular guide book that might come in handy.

 

 

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Fruits in Thailand

Here is a list of fruits in Thailand:

Rambutan: This fruit is bright red but you can also find orange and yellow varieties. Rambut means hair and the fruit can be a bit hairy.

Rose apple: The Rose Apple is often seen in Thailand. Colors from bright red to pink or green, it is shaped like a bell and tastes like a very sweet apple.

Pomelo: The Pomelo (som oh) is a kind of huge grapefruit it can be as big as a basketball! super tasty!

Lychee: The lychee is just smaller than a golf ball. It is red with a very sweet white flesh inside sweet and rich in vitamin C.

Durian: The smelly giant, Thorn covered, looks somewhat like a bomb. It tastes great and is very common in Thailand, it can be very smelly though!

Mangosteen: Mangosteen (mahngkoot) is often called the Queen of Fruits because of its cooling properties, perfect in the hot sun of Thailand!

 

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Full scholarships for indian students to study in China

Education in ChinaIf you would like to study in China and experience the growing atmosphere there then you might look in to your scholarship opportunities.
Many governments and organizations will give scholarships to good students that are willing to study hard.
List of full scholarships for indian students to study in China:

scholarship.cucas.edu.cn/ – This is the CUCAS scholarship for studying in China. CUCAS is the Confucius Institute Scholarship of Fudan University and is a very popular program.

http://www.csc.edu.cn/studyinchina/scholarshiplisten.aspx?cid=97 – Here is another fantastic list of many different scholarship that you may be eligible for, check it out!

http://mhrd.gov.in/external-scholarships-china – The indian government also have some information that can come in handy.

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Chinese women for love and marriage

chinese women for love and marriageFeeling a bit lonely lately? Tired of the local fauna of women back home? Take a trip to China where your love life will bloom!
If you are looking for Chinese women for love and marriage we will here give you some handy tips for your endeavors.

Have you been traveling to China before? There are many cultural aspects to be given thought. What are Chinese women like? What do they like? How should I behave? In the search bar to the right of this side you can enter search terms such as “culture” or “love” in order to find all kinds of articles that will be valuable for you when you meet your future woman.

 

 

Chinese women for love and marriage dating sites:

www.datingchinese.com/ – This is a fairly popular site when it comes to dating Chinese women.

www.chinalovecupid.com/ – Another option for China dating.

www.chinesewomeninloveandmarriage.com/ – This is a very popular guide book that might come in handy.

 

 

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automated industry – China’s robot army is growing rapidly

china robotsBecause of rising wages the automated industry and the number of industrial robots in China is expected to grow rapidly in the coming years. It can make 3.5 million people unemployed.
The fund giant Mirae Asset Management tracks the number of robots in China and expects that it will grow by 35 percent annually until 2020, writes the Financial Times.
Rahul Chadha, investment manager at Mirae expects China last year had 260 000 robots, making 1 million people unemployed because each robot replacing four to five workers. By 2020, he expects that the number of people who will be replaced by a machine rises to 3.5 million.
It may just be the beginning. A study by Citi Bank and Oxford University published earlier this year showed that 75 per cent of all jobs in China at risk of becoming computerized, writes the FT.
China’s low wages meant that it was previously not viable to replace people with machines. But for a long time, wages in China have risen sharply, 17 percent per year for ten years until 2012, although the increase will come from modest levels. The number of robots per 1 000 workers are also still very low in China compared to more developed industrial nations.

But robotics does not necessarily lead to mass unemployment and social unrest, according to Rahul Chadha.
Partly because of the working age population in China will no longer grow in the coming years and then decrease slightly, it allows a higher level of education among younger Chinese people that they opt out of traditional manufacturing jobs in favor of jobs in the service sector, writes the FT.

keywords: china robots technology, new robots in china, automated industry

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The air in China has improved – cleaning air pollution

china smogChina’s government has declared war on the air pollution that makes more than 1.5 million Chinese die prematurely. They want to make an effort cleaning air pollution. Now a new official report says that smog reduced by more than 14 percent in one year, and the task is confirmed by independent researchers.

Just before Christmas 2015 the smog levels in Beijing were so high that authorities closed schools, kindergartens and factories. For the first time they even stopped cars.

But now China’s Environment Minister Chen Jining said last week that state measurements in 74 cities shows that the air has become much better since 2014.

Last year, emissions of particulate matter PM2.5 in size which can cause cancer, asthma and heart disease fell by an average of 14.1 percent.

Researchers at Peking University have checked with independent air measurement figures from the US Embassy and consulates in five Chinese cities, and confirms that the official figures are correct. In Beijing, particle levels actually decreased since 2013, a total of 19 percent. International environmental organizations such as Greenpeace and the Natural Resources Defense Council has also recently released reports proving the image that China’s war on smog is heading in the right direction.

One important reason is that the economy went down and many coal power plants and steel mills are at a standstill right now. In addition, stricter emission standards and investments in solar and wind power contributed. But still most cities can not make China’s high thresholds for acceptable air.

keywords: air quality index china cities, beijing air pollution, china air pollution, shanghai pollution levels today, pollution face masks, cleaning air pollution

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China wants clarity about Panama Paper – offshore lawyer

xi jin ping panamaThe Chinese Foreign Minister Wang Yi said that the country needs to get “clarity” on the issue of the leaked documents from the offshore lawyer  firm Mossack Fonseca in Panama.

The leak shows among other things how the Chinese leaders and relatives of Chinese President Xi Jinping has stashed money through the companies in tax havens.
– We have noted that Panama offers some explanations and clarifications. I am afraid that we first need to ascertain and understand what it is really about, says Wang Yi.
The State Department has so far said that the allegations surfaced in the wake of the leak is baseless, and the state-controlled media has on the whole avoided reporting on the disclosure.

Note: This topic is currently censored on the Chinese internet and removed from the Baidu search engine.

Keywords: China panama papers, china censorship, offshore lawyer

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China wants to take over football (soccer)

Latest soccer updates
chinese footballOne of the best nations in 2050. That is the goal that China’s Football Association has presented just recently.

For the plan to become a reality, a certain milestone first need to be achieved: 50 million children and adults to play football in 2020, then there shall be at least 20,000 fitness facilities and 70,000 football fields. Chinese President Xi Jinping also says he want to see the nation win the world cup within 15 years.
The counties national team, who only qualified for the World Cup 2002 in Japan and South Korea, is ranked at 81st place in the FIFA world rankings and has smaller nations like Haiti, Panama and Benin in front of them. The women’s team however is the twelfth in the world rankings.

keywords: china football league, chinese super league teams, china football team, latest soccer updates

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