Internet Security

China enhancing relations with Asean

DURING the 22nd Asean-China Joint Cooperation Committee meeting held in March 2021, both Asean and China agreed to enhance their strategic partnership.Recently, there has been a stark increase in Chinese engagement with Asean, given Southeast Asia’s economic and strategic significance.In the past year, the Chinese foreign minister has paid a visit to every Southeast Asian…

DURING the 22nd Asean-China Joint Cooperation Committee meeting held in March 2021, both Asean and China agreed to enhance their strategic partnership.Recently, there has been a stark increase in Chinese engagement with Asean, given Southeast Asia’s economic and strategic significance.In the past year, the Chinese foreign minister has paid a visit to every Southeast Asian country except Vietnam.Constant high-level interactions with Asean have spoken volumes about China’s respect, trust and appreciation for its Southeast Asian partners.In June 2021, the Special Asean-China Foreign Ministers’ Meeting included discussions on how to combat the coronavirus pandemic together. Currently, China has shipped medical supplies and 100 million vaccines to most Asean nations.As part of China’s vaccine diplomacy, China has donated 29% of its total vaccine donations to Asean nations. Irrefutably, China has played a great role in boosting vaccination rates in Southeast Asia.The Special Asean-China Foreign Ministers’ Meeting also marks the 30th anniversary of Dialogue Relations, and highlights the enduring and long-lasting ties between China and Southeast Asia.At the meeting, Chinese Foreign Minister Wang Yi reiterated that China will always go through difficult times such as the 2003 SARS outbreak and the current pandemic together with its friends from Asean, while caring and trusting one another.Wang also emphasised that Asean-China relations can be raised to a strategic partnership.Xu Liping, a director at the Chinese Academy of Social Sciences adds that both Asean and China can further cooperate in the next few decades, in areas such as digitalisation, environment, and supply chains. It is also worth noting that as part of China’s Belt and Road Initiative, China is developing infrastructure across Southeast Asia.Indonesia has successfully signed a memorandum of understanding with China to work closely on developing technology and ensuring internet security.As part of China’s Digital Silk Road initiative, Huawei is currently advancing digital infrastructure in Indonesia, while collaborating with the Southeast Asian state’s Agency for the Assessment and Application of Technology.Huawei will help to develop 5G networks, artificial intelligence and cloud computing in Indonesia, in line with the Indonesian government’s aim of creating an innovative and digitalised economy by 2035.The Chinese firm will also train approximately 100,000 Indonesian government officials on digital literacy.This year is earmarked as the Asean-China Year of Sustainable Development Cooperation. Both parties look to improve bilateral cooperation in advancing renewable and clean energy, reducing pollution, and to alleviate the negative effects of climate change.Thailand is currently assigned as the Asean Coordinator on Sustainable Development Cooperation.During the 27th Asean-China Senior Officials’ Consultation in May 2021, Thailand’s permanent secretary for foreign affairs reiterated that the Asean-China cooperation on sustainability initiatives and environmental protection is of paramount importance.China can work with the Asean bloc via the Asean Centre for Sustainable Development Studies and Dialogue to protect the environment and mitigate climate change.In 2020, both Asean and China are each other’s biggest trading partner. Li Kuiwen, Chinese Customs spokesman mentioned in January 2021 that trade volumes between Asean and China have reached approximately US$730 billion.Recently, the Ministry of Commerce of China pledged to enhance China-Vietnam economic cooperation, trade, and investment.Even during the pandemic, bilateral trade between the two economic partners has increased expeditiously, contributing to the economic development of both nations.China has been supporting Vietnam by importing high volumes of Vietnamese aquatic and agricultural goods.Since 2013, China has been Singapore’s biggest trading partner. The two Asian partners have always enjoyed close economic ties.Singapore-China bilateral trade reached approximately SG$136.2 billion in 2020, which has contributed towards the Southeast Asian state’s economic development.Singapore is a key strategic partner for China, being located at a strategic location, and has close ties to many of China’s trade partners.China looks forward to enhancing trade relations with Singapore, with expectations that there will be further high-tech industrial cooperation between the two parties, and that Singapore’s exports of mineral fuels, chemical and metal goods to China will increase in 2021.In support of the Asean-China Strategic Partnership Vision 2030, and the Asean Smart City Network, China has cooperated closely with its Southeast Asian partners on high-quality smart city projects.China has invested in smart city infrastructure ventures in Southeast Asia such as Malaysia’s Forest City Johor Baru, Myanmar’s New Yangon City Development, Philippines’s New Clark City, and Thailand’s Eastern Economic Corridor. While building these infrastructure, China has leveraged on digitalisation such as the Internet of Things, artificial intelligence, and automation.There are also Belt and Road transport infrastructure projects such as the Laos-China Railway and the Thailand-China high-speed railway.The Thailand-China railway project will connect Thailand’s Bangkok and Ayutthaya with China’s Kunming City, as part of China’s Belt and Road Initiative.This transport project will improve connectivity from the Thai capital to northeast Thailand, driving economic growth and creating business opportunities.Singapore’s Deputy Prime Minister Heng Swee Keat mentioned recently at the FutureChina Global Forum that in order to ensure stability in Southeast Asia, it is of paramount importance to handle differences and conflicts well.Both Asean and China have always believed in mutual respect, peace and prosperity, and that both parties can shape a better future together for their citizens.The two parties look forward to deepen cooperation, while embracing multilateralism, inclusiveness, and solidarity. Unequivocally, there will be more high-profile bilateral meetings, public health cooperation to combat the Covid-19 pandemic together, as well as economic, infrastructure, sustainability, and digital partnerships.During times of uncertainty, it has become even more imperative for Asean and China to work closely together, and to ensure peace and prosperity for its people.Comment: [email protected]
Read More

Be the first to write a comment.

Leave a Reply

Internet Security

US probe into Binance reportedly expands to investigate insider trading

Binance is apparently facing more pressure from regulators over possible abuses at its cryptocurrency exchange. Bloombergsources said US officials have expanded their probe of Binance to include possible insider trading and market manipulation. The company hasn’t been accused of wrongdoing, but Commodity Futures Trading Commission investigators have reportedly inquired with potential witnesses about issues like…

Binance is apparently facing more pressure from regulators over possible abuses at its cryptocurrency exchange. Bloombergsources said US officials have expanded their probe of Binance to include possible insider trading and market manipulation. The company hasn’t been accused of wrongdoing, but Commodity Futures Trading Commission investigators have reportedly inquired with potential witnesses about issues like the location of Binance servers (and thus whether the US can pursue any cases).The commission had previously launched an investigation into the sales of derivatives tied to cryptocurrencies. It’s reportedly looking for internal Binance data that might show sales of those derivatives to American customers, breaking regulations that forbid those sales without registrations. The Internal Revenue Service and Justice Department are also probing possible money laundering on the exchange.There are no guarantees of action. The CFTC and Justice Department have supposedly been investigating Binance for months, and any decisions might take a while longer.Not surprisingly, Binance said it was above-board. A spokesperson told Bloomberg the exchange had a “zero-tolerance” approach to insider trades as well as ethical codes and security guidelines to prevent those actions. The company added that it fires offenders at a bare minimum. The CFTC has declined to comment.The heightened scrutiny of Binance, if accurate, would come as part of a larger US crackdown on cryptocurrencies. Officials are concerned the lack of consumer protections (including regulation) might hurt customers who sign up for services expecting the same safeguards they have with conventional money. In this case, the focus is on accountability — insider trading could wreck valuable investments and erode trust in Binance and other crypto exchanges.
Read More

Continue Reading
Internet Security

How to Use Arbitrum Bridge to Transfer Tokens From the Ethereum Network to Arbitrum

Arbitrum was built by Off-chain Labs, which is considered a layer two solution for Ethereum dApps. Arbitrum bridge was designed to improve the limitations of the Ethereum network. It offers high-throughput and low-cost fees transactions along with maintaining high-security standards. The platform is backed up by a world-class team of researchers, engineers, and Ethereum enthusiasts.…

Arbitrum was built by Off-chain Labs, which is considered a layer two solution for Ethereum dApps. Arbitrum bridge was designed to improve the limitations of the Ethereum network. It offers high-throughput and low-cost fees transactions along with maintaining high-security standards. The platform is backed up by a world-class team of researchers, engineers, and Ethereum enthusiasts. […]
The post How to Use Arbitrum Bridge to Transfer Tokens From the Ethereum Network to Arbitrum appeared first on Altcoin Buzz.
Read More

Continue Reading
Internet Security

Cyber arms dealer exploits new Apple iPhone software vulnerability; affects most versions – researchers

A cyber surveillance company based in Israel has developed a tool than can break into Apple iPhones with a never-before-seen technique for at least six months, internet security watchdog group Citizen Lab said on Monday. The discovery is important because of the critical nature of the vulnerability, which affects all versions of Apple’s iOS, OSX,…

A cyber surveillance company based in Israel has developed a tool than can break into Apple iPhones with a never-before-seen technique for at least six months, internet security watchdog group Citizen Lab said on Monday. The discovery is important because of the critical nature of the vulnerability, which affects all versions of Apple’s iOS, OSX, […]
Read More

Continue Reading
Internet Security

Authorities To Imprison A Man From Ohio For Defrauding $30 Million In A Cryptocurrency Scam

An Ohio man will be getting 20 years in prison for carrying out a cryptocurrency scam. Michael Ackerman has pleaded guilty to the crime and might be spending a long time in prison. According to the US Justice Department, the man pleaded guilty to the multi-million dollar cryptocurrency scam last week. A Cryptocurrency Scam Worth…

An Ohio man will be getting 20 years in prison for carrying out a cryptocurrency scam. Michael Ackerman has pleaded guilty to the crime and might be spending a long time in prison. According to the US Justice Department, the man pleaded guilty to the multi-million dollar cryptocurrency scam last week. A Cryptocurrency Scam Worth Of Millions Michael Ackerman planned and executed a cryptocurrency scam in 2017. This scheme promised to pay investors 15% on their investments every month. Even though the benefits were too dubious and impossible, many investors rushed in to utilize the opportunity. The scam was called the “Q3 Trading Club,” a fund that used investor’s money to make the supposed profits to be shared as returns. On September 8, 2021, a US attorney, Audrey Strauss from the New York Southern District, announced that Ackerman had pleaded guilty to the charges. According to Strauss, the man agreed to have caused the victims to lose above $30 million in cryptocurrency assets. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course In the announcement, the attorney stressed that Arkerman agreed to have used his fake crypto scheme to steal millions from investors with the promise of 15% monthly returns. In addition, Strauss also disclosed that Michael Ackerman used fake documents to deceive the investors. His balances showed more than $315 million in the fund. But the reality was just a little above $5 million from the DoJ’s discoveries. The attorney also revealed that Ackerman stole investors’ money amounting to $9 million just to continue his lavish lifestyle. The man spent a lot of money on vehicles, real estate, personal security, traveling, and jewelry. Michael Ackerman Agrees To Pay The announcement also stated that Michael Ackerman has pleaded guilty to wire fraud. He agreed to pay back $30 million and forfeit at least $36 million in real estate, jewelry, cash which he acquired fraudulently. As for now, the sentencing will take place on January 5th, 2022. The first charges came from the SEC in 2020. The crime was the violation of securities laws by Michael Ackerman. Related Reading | Bitfinex To Roll Out Security Token Offerings (STOs) Platform In Kazakhstan The reports then showed that he used a private group that he created on Facebook to target physicians. The group was called “Physicians Dad’s Group,” and the SEC discovered his fraudulent intent. Michael Ackerman has never worked as an institutional broker in the New York Stock Exchange. Instead, he was operating as one of three scammers, including James, a Wells Fargo financial advisor, and another member, a surgeon called Quan Tran. In 2020 April, the victims of the incident sued Fargo for not investigating its employee. Featured Image From Pixabay
Read More

Continue Reading