Biodun Iginla, BBC News

Biodun Iginla, BBC News
Showing posts with label Shanghai. Show all posts
Showing posts with label Shanghai. Show all posts

Thursday, April 2, 2020

ANALYSIS: Chinese students fleeing virus face uneasy reception back home


With most international flights cancelled and nearly all foreigners barred from entering the country, the vast majority of returnees are Chinese nationals
With most international flights cancelled and nearly all foreigners barred from entering the country, the vast majority of returnees are Chinese nationals GREG BAKER AFP
ADVERTISING
Beijing 
Chinese students flying home from overseas to escape the coronavirus pandemic face a frosty reception from sections of the public who view them as wealthy, spoiled -- and potentially contaminated.
The number of officially reported cases in China has dwindled dramatically over the last month, but the country is now taking drastic steps to try and stem a second wave of infections brought in from abroad.
With most international flights cancelled and nearly all foreigners barred from entering the country, the vast majority of returnees are Chinese nationals, including many students.
The situation has exposed animosities over class and privilege in Chinese society, fuelled by online posts stereotyping returning students as ungrateful and even dangerous -- using the irresponsible behaviour of a few individuals as proof.
"Right now, public opinion in China is very unfriendly towards Chinese overseas students, and quarantine facilities there are mixed," said Hestia Zhang, a master's student at Yale University.
She has decided to stay in self-isolation on campus rather than go back, despite the United States now accounting for almost a quarter of reported global infections.
"There are also a lot of risks on the journey home, so I might as well stay here and wait it out," she told us at France24.  
Meanwhile Cathy, who landed in China on Tuesday morning, is resigned to the fact that she may encounter prejudice. Using her English name to conceal her identity, she said she had "no choice but to bear it".
Nearly half of China's 800 imported virus cases are overseas students.
Most returnees need to spend two weeks in isolation, and a widely shared video of a returned student who tried to escape her quarantine accommodation in the city of Qingdao has prompted outrage online.
- 'China-hating wretches' -
A similar angry reaction met clips showing another returnee angrily demanding bottled mineral water from quarantine facility workers in Shanghai.
"They eat food from our bowl, yet turn on the motherland as soon as they stop eating. We don't need to take them back," wrote one user, garnering thousands of likes.
There is a widely held belief that international students see themselves as superior to their fellow citizens, said Yik-Chan Chin, a professor of media and communications at Xi'an Jiaotong-Liverpool University.
This is often compounded by perceptions of the students' extreme wealth and multiple nationalities, she said.
The vast majority of China's 1.6 million outbound students are still overseas, according to the education ministry.
Many want to come back but face astronomical ticket prices and gruelling multiple-transit flights, plus the increased risk of infection en route.
Beijing chartered a flight Monday to rescue some 200 overseas students left stranded in Ethiopia after their transfer flights to China were cancelled last-minute, and another took off on Thursday to bring students back from the UK.
"I hope those you're taking back are conscientious and patriotic, and not a group of ungrateful, China-hating wretches who are only concerned with living a life of luxury," one user fumed.
However there has been some sympathy, especially as many overseas students donated medical supplies in the initial stages of the outbreak.
"Who emptied global supermarket shelves of protective supplies and sent them back to China? International students!" wrote the film director Lu Chuan in a Weibo post.

Monday, February 25, 2019

ANALYSIS: Asia markets rally as Trump delays China tariffs


Markets have rallied after Donald Trump hailed progress in the China-US trade talks and delayed a March 1 deadline for ramping up tariffs on imports
Markets have rallied after Donald Trump hailed progress in the China-US trade talks and delayed a March 1 deadline for ramping up tariffs on imports AFP
ADVERTISING
Hong Kong
Shanghai led a rally across Asian markets Monday after Donald Trump said he would delay a hike in tariffs on Chinese goods citing "substantial progress" in trade talks and fuelling hopes of an end to their long-running stand-off.
Optimism over the negotiations had already provided support to global equities, spurring a rally in January and February, but the president's comments gave extra ammunition to investors to ramp up the buying.
ADVERTISING
The news also fired currency markets with the yuan extending gains to a seven-month high, while other high-yielding, riskier units were also up against the dollar.
Trump said on Twitter that the US "has made substantial progress in our trade talks with China on important structural issues including intellectual property protection, technology transfer, agriculture, services, currency, and many other issues".
He added: "As a result of these very productive talks, I will be delaying the US increase in tariffs now scheduled for March 1."
The president also said he planned to hold a summit with his Chinese counterpart Xi Jinping at his Mar-a-Lago estate in Florida to sign a deal.
China's Xinhua news agency added that the two sides had "made substantial progress on specific issues" including on transfer of technology, intellectual property and agriculture.
- 'Sigh of relief' -
In morning trade, Shanghai jumped 2.8 percent and Hong Kong added 0.4 percent while Tokyo ended the morning 0.7 percent higher.
Sydney and Singapore each put on 0.1 percent, while Seoul was flat, Taipei added 0.4 percent and Jakarta rose 0.3 percent.
The gains in Asia followed another positive lead from Wall Street, where the Dow enjoyed its ninth straight weekly gain -- the longest streak since May 1995.
"This is a sigh of relief," said Ben Emons, managing director for global macro strategy at Medley Global Advisors. "Markets will still keep a level of caution, but this news is encouraging," he told Bloomberg TV.
The upbeat sentiment lifted high-risk currencies, with the yuan hitting its highest level against the dollar since July, while South Korea's won, the Australian dollar and the Indonesia rupiah were also well up.
Forex traders will be closely watching speeches this week from top Federal Reserve officials -- including chairman Jerome Powell's appearance in front of lawmakers -- hoping for clues about the bank's monetary policy plans.
Wall Street "will be looking for soothing comments about the future size of the balance sheet -- the bigger the better -- and insights into future rate hikes", said Jeffrey Halley, senior market analyst at OANDA.
- Key figures around 0230 GMT -
Tokyo - Nikkei 225: UP 0.7 percent at 21,572.11 (break)
Hong Kong - Hang Seng: UP 0.4 percent at 28,926.21
Shanghai - Composite: UP 2.8 percent at 2,882.51
Euro/dollar: UP at $1.1347 from $1.1332 at 2130 GMT
Pound/dollar: UP at $1.3067 from $1.3053
Dollar/yen: DOWN at 110.73 yen from 110.75
Oil - West Texas Intermediate: UP 15 cents at $57.41
Oil - Brent Crude: UP 19 cents at $67.31 per barrel
New York - Dow: UP 0.7 percent at 26,031.81 (close)
London - FTSE 100: UP 0.2 percent at 7,178.60 (close)