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Singapore to host 33rd ASEAN Summit from Nov 11 to 15 – NEWPAPER24



Singapore to host 33rd ASEAN Summit from Nov 11 to 15

2018-11-10 14:55:14

SINGAPORE: Singapore will host the 33rd ASEAN Summit and different associated summits at Suntec Singapore Conference Centre from Sunday (Nov 11) to Nov 15, marking the ultimate milestone of Singapore’s chairmanship of the 10-member regional bloc ASEAN in 2018.

The summits might be chaired by Prime Minister Lee Hsien Loong, an announcement from the Prime Minister’s Workplace (PMO) mentioned.

The ASEAN leaders are anticipated to undertake the ASEAN Good Cities Framework and take inventory of ASEAN’s achievements this yr in strengthening ASEAN’s resilience and innovation, mentioned PMO. The leaders may even talk about the right way to take ASEAN ahead at a time of geopolitical and financial change.

The ASEAN leaders, along with their counterparts from different nations taking part within the Regional Complete Financial Partnership (RCEP), are additionally anticipated to debate the method of the RCEP negotiations on the 2nd RCEP Summit.

The leaders may even trade views on regional and worldwide points with their counterparts on the 21st ASEAN Plus Three Summit and 13th East Asia Summit. There may even be a working lunch hosted by Mr Lee for ASEAN leaders and Company of the ASEAN Chair, summits with China, Japan, South Korea, Russia and america, in addition to casual breakfast summits with Australia and India, PMO mentioned.

On Nov 15, PM Lee will hand over the ASEAN chairmanship to Thailand’s Prime Minister Prayut Chan-o-cha.


China reveals J-20 stealth fighter’s missile carrying functionality at Zhuhai air present – NEWPAPER24




China reveals J-20 stealth fighter’s missile carrying functionality at Zhuhai air present

2018-11-13 18:21:44

The Chinese language air power has displayed its first stealth fighter jet’s capacity to hold missiles to be used in high-speed flight for the primary time on the nation’s greatest air present, in an try to indicate China has the following most superior fight functionality after the USA.

Two of the power’s 4 J-20 jets opened their missile bay doorways throughout a fly-past on the biennial Airshow China in Zhuhai, within the southern province of Guangdong, every jet displaying 4 medium and long-range air-to-air missiles within the underside fundamental bays and a short-range fight missile on both sides of the plane.

The demonstration on Monday – the air power’s 69th anniversary – confirmed all of the doorways could possibly be easily opened inside a second, whereas the J-20s remained in high-speed circulating flight, which might be obligatory if launching missiles throughout air battles.

Nevertheless, it stays unclear whether or not the J-20 is ready to launch missiles in high-speed flight. Xu Anxiang, deputy commander of the Folks’s Liberation Military air power, stated the demonstration had indicated that the J-20 “has preliminary operational functionality”.

“The potential to open bay doorways throughout a high-speed fly-past remains to be a difficult and superior know-how and functionality, as a result of even Russia’s new-generation Su-57 stealth fighter jet remains to be incapable of doing it,” stated a army insider who requested anonymity.

Solely the USA air power’s F-22 Raptor and F-35 Lightning II stealth fighter jets have confirmed capable of open missile bay doorways and launch missiles throughout high-speed flight.

China’s new jet engine immediately takes air fight in a complete new course

A information report concerning the J-20 aired Tuesday on state tv didn’t point out the missile carrying options, however provided particulars about new enhancements which permit the fighter to be refuelled mid-flight.

A technician interviewed on the China Central Tv broadcast stated a receptacle on the fitting aspect of the fuselage is hidden beneath the pores and skin of the plane to take care of stealth capabilities. Stealth plane have pores and skin that’s designed to minimise radar wave reflections to assist keep away from detection.

“This implies J-20 has a fair longer vary and bigger fight radius,” the technician stated, including that with a big inner gas tank, the J-20 is predicted to have a fight radius of greater than 1,100km.

Navy analysts stated Monday’s flying show was aimed toward displaying the air power’s muscle, regardless that all of the missiles held on the plane had been simulation fashions and it could take a number of years for the stealth plane to be geared up with tailored highly effective engines.

Three of the J-20s – which appeared in a six-minute show final Tuesday on the opening of the Zhuhai air present – had been nonetheless geared up with Russian AL-31 Saturn engines, which don’t present it with sufficient thrust.

The WS-15, a purpose-built thrust engine for the J-20, remains to be beneath growth that might take a number of years, requiring the plane to be geared up with the Russian engines for security causes, the insider stated.

Initially the J-20s had been fitted with WS-10B engines, which had been designed for the sooner generations of J-10 and J-11 fighters.

A modified model of the J-10B powered by WS-10B engines gave an indication on the air present of its superfast manoeuvrability, together with its J-turn, Cobra, and “falling like a leaf” strikes.

“It’s inconceivable for the J-20 to make these superfast manoeuvres just like the modified model of the J-10B, due to a scarcity of thrust,” Macau-based army observer Antony Wong Dong stated, including that creating the thrust model of the J-10B had taken practically three a long time.

“Even when the WS-15 is prepared, it would nonetheless take extra time for the J-20 to turn out to be a totally combat-ready stealth plane after complete fight drills.”

Hong Kong-based army commentator Track Zhongping stated some facets of the design of the J-20 had been extra superior than these of the American F-22 stealth fighter jets – which joined the US air power in 2005 – though the J-20 lagged behind the F-35 in each stealthiness and superior materials.

“China began creating the J-20 within the late 2000s, so engineering designers may study one of the best designs and keep away from the shortcomings of the F-22 – that’s why the design of the J-20’s bay doorways is healthier than that of the F-22, with flip-over doorways rising the plane’s stealthiness,” stated Track, a army commentator for Hong Kong’s Phoenix Tv.

China’s new J-20 stealth fighter engine a no-show at Zhuhai air present after it fails reliability checks

“The J-20s simply joined the PLA air power final 12 months, whereas the F-22s and F-35s have served within the US air power for for much longer, being modified after many rounds of complete fight drills. So the J-20s additionally want extra time to be changed into actual stealth fighter jets after the WS-15 thrust engine is prepared.”

The F-22 has undergone a serious improve since becoming a member of the US air power greater than a decade in the past, together with including air-to-air superior missiles, in addition to different refined radar and community info applied sciences.

The J-20 made its public debut on the Zhuhai air present in 2016, earlier than formally becoming a member of the PLA air power in March final 12 months.

Further reporting by Liu Zhen

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Medical watchdog faces questions after revelations physician arrested over suspected Botox dying was concerned in deadly magnificence therapy case in 2003 – NEWPAPER24




Medical watchdog faces questions after revelations physician arrested over suspected Botox dying was concerned in deadly magnificence therapy case in 2003

2018-11-13 15:00:01

Hong Kong’s medical watchdog faces scrutiny over a call to revive a veteran plastic surgeon’s licence after he was arrested over a suspected deadly Botox injection – regardless of having being concerned in one other deadly magnificence therapy case 15 years in the past.

Dr Franklin Li Wang-pong was arrested on Monday for breaching the damaging medication ordinance and deceptive police following the dying of high banker Zoe Cheung Shuk-ling, 52, who died after receiving Botox injections at Li’s clinic contained in the Grand Centre in Tsim Sha Tsui the day before today.

Swiss non-public financial institution Julius Baer on Tuesday confirmed Cheung was a managing director and senior relationship supervisor on the financial institution and expressed their “deepest condolences” to her household.

Business sources stated the sufferer was previously a veteran at Merrill Lynch, which had 18 of its worldwide wealth administration companies acquired by Julius Baer in 2015.

Lam Yuen-ling, chief inspector of Yau Tsim district, stated on Monday harmful medication had been discovered on the clinic, which didn’t hold a register of drug portions it held, as required by legislation. Li was additionally stated to have modified his story concerning the incident on Sunday night.

The cost of breaching the damaging medication ordinance carries three years of imprisonment and a effective of HK$450,000, whereas deceptive police dangers most imprisonment of six months and a effective of HK$1,000.

Li, who was concerned in a deadly liposuction process in 2003, had his licence suspended by the Medical Council for 5 months in 2009 after the unbiased physique that regulates native medical doctors discovered him responsible {of professional} misconduct.

Piano trainer Lam King-fong, 70, collapsed throughout a process at Li’s clinic and died quickly after. The coroner dominated she died from misadventure.

Dr Tse Hung-hing, who was a member of the Medical Council between 2000 and early this yr, questioned why Li’s licence was restored.

“This physician’s licence was suspended however then he made related errors once more. It looks like he hasn’t modified,” Tse stated. “If his licence had nonetheless been suspended, maybe this girl wouldn’t have died.”

The well being minister Professor Sophia Chan Siu-chee stated she believed the Medical Council had skilled autonomy and would assessment every utility of licence restoration strictly.

A suspended physician would wish to use to the Medical Council to reinstate his or her licence. A committee of 13 members would look into the applying.

Tse, who was a council member when Li utilized to revive his licence, couldn’t bear in mind whether or not he was a part of that committee.

“If I used to be, I might really feel very responsible pondering I might need prompted this girl’s dying,” he stated.

In the meantime, authorized consultants stated a health care provider concerned in a deadly medical therapy wouldn’t essentially bear prison legal responsibility, regardless of the case of DR Group boss Dr Stephen Chow Heung-wing.

Chow was jailed for 12 years for manslaughter final December after a girl died from an experimental most cancers remedy offered to her as a well being increase in 2012. A technician was additionally jailed for 10 years.

Barrister Albert Luk Wai-hung stated the authorized threshold for manslaughter was excessive, as prosecutors needed to show the physician had breached obligation amounting to “gross negligence” and that such negligence was “a considerable reason behind dying”.

“Medical consultants must be referred to as to evaluate whether or not the physician carried out professionally in the course of the therapy and if the physician had foreseen doable therapy dangers and revealed them to the sufferers,” Luk stated.

Further reporting by Enoch Yiu

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China’s newest monetary information paints a bleak financial outlook amid commerce warfare with US – NEWPAPER24




China’s newest monetary information paints a bleak financial outlook amid commerce warfare with US

2018-11-13 17:15:15

China’s monetary situation weakened in October, pointing to an extra deceleration on this planet’s second-biggest financial system amid the commerce warfare with the USA.

Whereas Beijing has been urgent the nation’s banks to spice up lending to the “actual financial system”, newly granted loans almost halved to 677 billion yuan (US$97.32 billion) in October, from 1.38 trillion yuan (US$198.39 billion) in September, in response to information launched by the Individuals’s Financial institution of China on Tuesday.

Whereas October is a seasonally weaker month for Chinese language credit score information, the autumn was sharper than all economists’ estimates.

Complete social financing, a broad measure of varied types of credit score help to financial development comparable to loans, bonds and belief investments, shrank to 728.Eight billion yuan in October, or only a third of the two.17 trillion yuan of September, the central financial institution information confirmed.

It additionally marked the bottom studying since January 2017, the primary month for which comparable information was out there.

As help to financial development from China’s banking system has dried up regardless of Beijing’s push, the federal government’s fiscal income has dropped. The nation’s fiscal income fell 3.1 per cent in October from a 12 months earlier, the primary fall in 2018, in response to the information launched by Ministry of Finance on Tuesday.

The weak monetary and financial information come because the Chinese language management tweaks its coverage priorities to bolster financial actions amid the commerce warfare with the US. Specifically, the central financial institution has minimize the reserve requirement ratio – the sum of money banks should preserve on the central financial institution – by 1 share level from October 15 to launch US$110 billion extra money to banks for lending to factories and development tasks.

Financial institution lending falls sharply, suggesting companies reluctant to speculate

Analysts stated Beijing’s insurance policies proved too delicate to be efficient.

“The effectiveness of China’s financial coverage is waning and cash has not flowed into the true financial system,” Shen Jianguang, chief economist at JD Finance, stated. “China needs to be cautious of falling right into a form of liquidity entice,” referring to a state of affairs when financial coverage easing turns into ineffective in producing financial exercise.

“Off-balance financing has been shrinking … now the area of financial coverage has turn into very restricted. It’s essential to implement fiscal measures comparable to tax cuts,” Shen stated.

Lu Ting, chief China economist at Nomura Worldwide in Hong Kong, wrote in a be aware that the coverage easing to date was inadequate to shore up China’s financial efficiency and monetary markets, pointing to an financial outlook that “would worsen earlier than getting higher”.

Lu wrote that monetary establishments are cautious in lending “towards a backdrop of weakening home demand, rising credit score defaults and a cooling property sector”.

China’s housing market dealing with ‘12 months of recession’, securities agency says

Annual development of the broad M2 cash provide, one other key credit score gauge, slowed to eight per cent as of the top of final month from 8.Three per cent as the top of September, the central financial institution stated.

China’s financial development has already decelerated to six.5 per cent within the third quarter, the bottom development for the reason that first quarter of 2009.

China’s Nationwide Bureau of Statistics will launch month-to-month financial indicators for funding, consumption and industrial manufacturing on Wednesday.

China’s fiscal income fell in October resulting from tax cuts in addition to an financial slowdown.

Beijing to cushion – not cease – yuan decline in long term

China’s private earnings tax income, as an illustration, rose simply 7 per cent in October from a 12 months in the past, decelerating by 13.Eight share factors from September, as a result of China has began to implement the next tax threshold in October.

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