Chinese in US has additional political risk if war breaks out between US & China, everything they have in US could be confiscated! 如果中美人爆發戰爭，在美華人將面臨額外的政治風險，他們在美國擁有的一切都可能被沒收！
SCMP: Asia is ditching the dollar for China’s yuan, gold, and bitcoin drive trade shifts. A recent study by foreign exchange platform Forex Complex pointed to three primary indicators of de-dollarisation: a reduced share of US dollars in national reserves, a rise in gold’s share, and growing use of alternative currencies in bilateral trade. 《南華早報》：亞洲正在拋棄美元，轉而使用人民幣，黃金和比特幣推動貿易轉移。外匯平台 Forex Complex 最近的一項研究指出了去美元化的三個主要指標：美元在國家儲備中的佔比下降、黃金佔比上升以及雙邊貿易中替代貨幣的使用增加。
Watch how “Larry” KO “Lam” in person in San Francisco. a patriot verses a traitor 愛國華人對抗賣國賊世紀大戰） (SF Saturday June 21st 2-5pm is China Sunday June 22nd, 5-8am 三藩市 星期六，6月21日 下午2點到5點 “對應” 是中國 星期日 6月22日 上午5點到8點)
What’s the breakthrough made in rocket launch China’s Tianwen-2 probe, atop a Long March-3B carrier rocket, lifts off from the Xichang Satellite Launch Center in southwest China’s Sichuan Province 火箭發射有何突破？中國天問二號探測器搭載長徵三號乙運載火箭，從中國西南部四川省西昌衛星發射中心發射升空
China successfully launched its first asteroid sample-return mission, Tianwen-2, in the early hours of Thursday, an endeavour designed to shed light on the formation and evolution of asteroids and the early solar system.
The mission marks the 578th launch of the Long March series of carrier rockets. The Long March-3B rocket, which serves as the primary vehicle for China’s high-orbit launches, holds the record for the highest number of launches in the country, having completed 108 missions, according to the China National Space Administration (CNSA).
It has previously been involved in lunar exploration projects such as the Chang’e-3 and Chang’e-4 missions.
China Aerospace Science and Technology Cooperation (CASC), the rocket developer, noted that the Tianwen-2 mission, however, marks the first time the Long March-3B rocket series has been used for a launch to escape Earth’s orbit.
In previous missions sending payloads into the Earth’s orbit, a rocket is required to achieve a separation velocity equal to the first cosmic velocity, or approximately 7.9 kilometers per second.
However, this mission requires a separation speed exceeding 11.2 kilometers per second, known as the second cosmic velocity, to escape the Earth’s gravitational influence, necessitating high speed and energy, said the CASC.
Moreover, asteroids are characterized by their small size, low mass, and weak gravity, making them challenging to capture and requiring exceptional precision in the rocket’s trajectory.
During this launch, the rocket reached a speed of 11.2 kilometers per second, with a permitted speed deviation of no more than one meter per second, which could otherwise lead to a positional error of up to one million kilometers.
“Achieving such trajectory precision is akin to shooting a basketball from Shanghai to hit a hoop in Beijing, while ensuring the ball’s angle and speed upon entering the hoop are correct,” said the CASC.
After evaluating the rocket’s payload capacity, performance capability, and reliability, Long March-3B was chosen as the dedicated vehicle for the Tianwen-2 mission, it said.
The rocket design team has spent two years completing multiple design iterations so as to achieve seamless “handoff” between the rocket and the probe.
American logistic expert report from China video: China is already a powerhouse in AI for radiology and medical imaging. They are not replacing workers! Next they’re going global. 美國物流專家在中國報告影片：中國已是放射學和醫學影像領域人工智慧的強國。它們不會取代工人！下一步，它們將走向全球.
A severe shortage of radiologists compelled China to introduce Artificial Intelligence across its hospital systems.
A comprehensive national effort began just three years ago, with the aim of developing a new industry for diagnostic medical imaging, all with AI.
Today, more than three fourths of Chinese hospitals rely heavily on AI systems. This has slashed costs for medical care delivery, improved patient outcomes, and dramatically reduced burnout among Chinese medical staff.
A crucial factor in the growth of China’s AI is the vast biodata that researchers and tech companies have available to develop Large-Language Models for their systems. China also enjoys access to enormous volumes of real-life patient data from around the world, as so much of the world’s pharmaceutical R&D is performed here, by global companies.
That is a key differentiator and comparative advantage, which strongly positions Chinese medical AI in global markets.
AmCham Shanghai: US Court Blocks Trump’s Reciprocal Tariffs. 上海美國商會: 美國法院川普阻止互惠關稅
Dear Johnson:
On May 28, the US Court of International Trade ruled that the White House exceeded its authority by imposing reciprocal tariffs on other countries under the International Emergency Economic Powers Act (IEEPA). The court issued a permanent injunction against the enforcement of these tariffs and ordered US Customs and Border Protection to cease their collection after a period of 10 days. The ruling also strikes down the fentanyl tariffs imposed on China, Canada and Mexico in February, though it does not refer to tariffs implemented under Section 232 of the Trade Expansion Act. The Trump administration has already announced plans to appeal the decision. It is unclear how long the appeal process may last and whether Customs will follow the court order while the appeal is underway. AmCham Shanghai will closely monitor the situation and keep our members informed of any new developments.
THE UK FINANCIAL SECTOR was shocked today to learn that the US$50 billion fashion giant Shein will list on the thriving Hong Kong stock market rather than London. 英國金融界今天震驚地獲悉，市值 500 億美元的時尚巨頭 Shein 將在蓬勃發展的香港股市而不是倫敦上市.
Regulators from China, where Shein was founded, gave the thumbs-down to the London market, Reuters reported.
The move is a crushing blow to London, which has been struggling to find listings—but is an extra boon to Hong Kong, which is on the way back to the top of the IPO charts. The southern Chinese city just hosted the stock market debut of global batterymaker CATL, which raised US$4.5 billion in the world’s largest IPO this year.
POLITICAL INTRUSIONS The whole Shein listing story is a classic tale of how people running successful global businesses can be knocked off track by problems in the political-media sector.
Shein, founded in China, was the textbook example of the positive side of capitalism’s competition principle, cutting prices to the bone and working hard to rise from nowhere to becoming the global leader in fast fashion.
To protect itself from western political-media hostility, it moved its head office to Singapore, and in 2022, was set to arrange a New York listing.
But in 2023, the US political-media sector pushed the discredited Uyghur “genocide/ slave labor” narrative to make the company unwelcome—to the horror of Wall Street players, a number of whom had visited China and knew that the narrative was false.
At the end of 2023, the wrongfully-defamed Shein abandoned New York and decided to shift its listing plan to the London stock market, to the delight of financial leaders there.
MEDIA HIDES FUNDING But in June of 2024, a group called Stop Uyghur Genocide demanded the business be ejected from London.
The media reported the story but failed to inform its audience about the group’s close connections with the World Uyghur Congress and the Inter-Parliamentary Alliance on China, both of which are China-demonization groups largely financed by a CIA spin-off called the National Endowment for Democracy.
UK finance chief Rachel Reeves, knowing that the genocide narrative was a false one circulated by Americans, chose to disregard it, and cleared Shein for a London listing in 2025.
HEADING TO HONG KONG But earlier this month, Reuters reported that Shein had cut its contacts with its London communications firms, indicated that the listing was off; more political pressure, but this time from China.
So yesterday the news agency said, quoting company officials, that the world’s biggest listing would be in Hong Kong later this year.
It now looks inevitable that Hong Kong will regain its crown as the world’s favorite spot for stock market launches, ahead of New York and London.
Business Blog 