Seeds from the grain are becoming full but are not ripe

Video: The traditional Chinese lunar calendar divides the year into 24 solar terms. The 8th solar term of a year, begins on May 21 this year, and ends on June 6. It means that the seeds from the grain are becoming full but are not ripe. 中國傳統農曆將一年分為24個節氣。 一年的第八個節氣，從今年的5月21日開始，到6月6日結束。這意味著糧食中的種子已經成熟，但尚未成熟.
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Western financial sanctions on Russia provide China with a rare opportunity to understand and plan for the future

Western financial sanctions on Russia provide China with a rare opportunity to understand and plan for the future. 西方對俄羅斯的金融制裁為中國提供了一個了解和規劃未來的難得機會.

The implications of Western sanctions against Russia for China

By Yu Yongding（余永定）is an academician at the Chinese Academy of Social Sciences, and former member of the Monetary Policy Committee of the Central Bank

Since the outbreak of the Russian-Ukrainian military conflict, the United States and its allies have attempted to create severe financial turmoil by imposing financial sanctions on Russia in order to deter Russian military action or even induce regime change. According to Yu Yongding’s analysis, the financial sanctions have not met the expectations of the West. The Western financial sanctions remind China, which has around US$3.2 trillion in foreign exchange reserves and is the second largest creditor to the US, that it should plan ahead and think seriously about ways to maintain China’s financial security.

Key points

Generally, financial wars start with an attack on a country/region’s currency, as was the case in the 1998 Hong Kong financial crisis. The US, EU, and its allies announced the weekend of February 27 that they would freeze Russia’s foreign exchange reserves. Their aim was to make it impossible for the Central Bank of the Russian Federation to access its US$630 billion ‘war chest’ to stabilize the ruble which fell sharply after Russia launched military actions in Ukraine in February.

Russia was able to stabilize the ruble in less than a month (February 28- March 24) through countermeasures such as interest rate hikes, capital controls, and requiring sanctions-supporting countries to buy oil in rubles. The resulting Western sanctions have largely failed in the short term.

The financial sanctions by the US and its allies illustrate that the global financial system and the US dollar have been weaponized into geopolitical tools. The nefarious behavior of the US in freezing foreign exchange reserves has not only seriously damaged the international credibility of the US but has also shaken the credit foundation of the dominant international financial system in the West.

If there is a geopolitical conflict between the US and China, then China’s overseas assets will be seriously threatened, especially its huge reserves. Therefore, the composition of China’s external financial assets and liabilities urgently needs to be adjusted and the portion of US dollar denominated assets in its reserves portfolio should be reduced.
Summary

The author points out that it is not the first time that the US and its allies, the self-proclaimed “defenders” of international rules, have frozen the foreign currency reserves of other countries. The US froze about US$7 billion in assets held in US financial institutions by the Afghan central bank, claiming to use half of them to compensate the victims of 9/11. Western financial sanctions provide China with a rare opportunity to understand and plan for the future. The country’s reserves now substantially exceed the levels required for precautionary purposes or for self-protection against the currency crisis. It should reduce its holdings of US Treasuries in the future, increase its imports of commodities and strategic materials, cut its excessive war chest, and accelerate the security of its overseas assets, especially international reserves.

Video: Shanghai COVID19 lockdowns, just received 8.82 pounds of free meat from China Gov’t supplies

Video: Shanghai COVID19 lockdowns, just received 8.82 pounds of free meat from China Gov’t supplies, thanks for their arrangements and supplies 李小軒: 上海市黄浦区疫情震中香山公寓封控生活星期日：收到了居委会派发的8斤免費肉（8.82英镑）感谢居委会和工作人员的辛苦派发和安排
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China built 361 miles of high speed rail in the first 4 months of 2022

World’s longest high-speed railway network gets longer. China put 581km (*361 miles) of new railway lines into service in the first four months of the year, Xinhua reported on Tuesday, citing data from China State Railway Group. This includes 358km of high-speed railway, data shows. *in Hawaii could not finish 26 miles of snail rail after 12 years. 世界上最長的高速鐵路網絡變得更長。 新華社週二援引中國國家鐵路總公司的數據報導稱，中國在今年前四個月投入了 581 公里（* 361 英里）的新鐵路線。 數據顯示，這包括 358 公里的高速鐵路。 *在夏威夷12 年後還無法完成26英里的蝸牛鐵路

‘We miss you so much,’ Chinese people commemorate Yuan Longping, father of hybrid rice

‘We miss you so much,’ Chinese people commemorate Yuan Longping, father of hybrid rice who helped save millions from hunger “我們非常想念你，”中國人紀念幫助拯救數百萬人免於飢餓的雜交水稻之父袁隆平 by Global Times May 21 2022

One year after the “Father of hybrid rice” Yuan Longping died of illness, Chinese people paid tribute to the man who cultivated the world’s first commercially viable hybrid rice varieties, thus saving millions from hunger. They honored his memory by sharing old photos and video clips, presenting flowers and mourning cards to the places where he used to work, and founding a hybrid rice research team that will continue his work.

On Sunday, a video clip of the 91-year-old Yuan Longping singing “I wish my beloved country to become richer and stronger” in a car’s backseat on his way to the hospital went viral. Many were touched by the positive attitude he showed because at that time he was suffering from a respiratory disease which made it difficult for him to breath.

The Hunan Agricultural University named one of its teaching buildings after him in a commemoration ceremony held for Yuan Longping on Sunday. During the ceremony, Yuan’s family donated some of his possessions to the school, including an English dictionary Yuan had used for more than 60 years and a piece of plaid shirt Yuan used to wear.

Ten scientific research institutions, including the China National Rice Research Institute, the Institute of Crop Sciences in the Chinese Academy of Agricultural Sciences and the Hunan Academy of Agricultural Sciences, have jointly founded a research team on Sunday to speed up key technological breakthroughs in hybrid rice research.

Mao Changqing, chairman of the Yuan Longping High-tech Agriculture Co., Ltd, and first person to propose the establishment of an alliance among the institutes of research aforementioned, said that the alliance would be the best platform to transform scientific and technological achievements into marketable ideas.

Several hashtags mourning Yuan such as “One year after the death of father of hybrid rice”, “Help the world with hybrid rice”, “The blowing breeze across the rice fields reminds me of you”, and “Yuan’s words have been made into a song” have become hot topics on China’s Twitter-like Sina Weibo, with a total of over 620 million views and comments as of press time.

“We’ll always remember your contribution to the country. Come back to see us when the wind blows over the rice fields. We miss you so much,” said one netizen.

“We will enjoy every meal, waste no food and be good seeds for the country just as you told us to be,” commented another.

The evil heart & mind of the evil empire has no limits

The evil heart & mind of the evil empire has no limits / Vaccine patent shock as Biden demands China exclusion 邪惡帝國的邪噁心無止境/疫苗專利衝擊拜登要求排華 BY NURY VITTACHI 5-17-22

THE BIDEN ADMINISTRATION says it will veto a global plan to allow countries to ignore patents and make their own Covid-19 vaccines unless the Chinese are specifically excluded, Bloomberg reported.

The sudden move has jolted top health workers who were hoping that the long-promised patent waiver would enable them to make vaccines available to everyone, including in poor countries in Africa and Asia.

But the US says it will scupper the whole deal unless China is explicitly excluded from the waiver. In response, China said that it did not wish to be excluded from the pact, but would voluntarily agree not to take advantage of it.

Deputy US Trade Representative Maria Pagan told Bloomberg that China’s offer was not good enough. It must be excluded in print. “What we want is clarity,” Ms Pagan told the news organisation in a report published yesterday.

Health officials are concerned, because US opposition could kill the whole deal, which has been in preparation for two years. Discussions are going on in Geneva this month in the hopes of signing a final pact in June – but that is now looking uncertain. WTO deals are structured so that pacts are unanimous and any one of the 164 members can block the deal for any reason.

HURTS THE WORLD

Many commentators around the world have responded negatively. “Given a choice between prolonging the pandemic and the possibility that it might get easier to cure diseases in China, the US government chooses to side with death,” said Tobita Chow, Chicago-based director of Justice is Global. “This hurts the whole world but most of all the global south countries trapped in between the great powers.”

While the present administration’s excessively harsh attitude to China is well known, this new wrinkle is unexpected – particularly given Joe Biden’s pledge to waive patents on Covid vaccines. The problem is that veto-ing the waiver harms everyone. Joel Cawley, a Colorado-based author on strategic affairs, said: “Helping China deal with Covid is quite possibly the single best thing we could do for our economy.”

Charles Buchanan, a political commentator, said: “Covid is a global issue requiring a coordinated global response.”

But the US is arguing that China must be prevented in law from taking advantage of the waiver. “The second-largest economy in the world, which has Covid vaccines and mRNA technology, doesn’t need the waiver,” Ms Pagan told Bloomberg News.

Vaccine patent shock as Biden demands China exclusion

There is no PURE capitalism or communism, not USA or China

There is no PURE capitalism or communism, not USA or China 沒有純粹的資本主義或共產主義，美國或中國 There is only socialism 只有社會主義 There is 2 kinds of socialism 社會主義有兩種US socialism takes care 1% of the elites only 美國社會主義只照顧1%的精英 China socialism takes care 99% of the people 中國社會主義照顧99%的人民 US socialism Gov’t made promises rarely kept 美國社會主義政府承諾很少兌現 China socialism promise made promise kept 中國社會主義政府兌現承諾

Pelosi, D-Calif., who has described herself as a “devout Catholic,” If she is, all prison inmates are angeles

Pelosi, D-Calif., who has described herself as a “devout Catholic,” If she is, all prison inmates are angeles 加利福尼亞州民主黨人佩洛西自稱是“虔誠的天主教徒”. 如果她是，所有監獄囚犯都是上帝的天使