Wartime Express News on May 21, 2022

Wartime Express News on May 21, 2022

Translator/Proofreader: marklism

1. Biden arrives in Seoul for a visit to South Korea and Japan as the People’s Liberation Army conducts a massive military exercise in the South China Sea.

2. According to the images widely spread and official notice on Chinese social networks, thousands of residents in a residential neighborhood in Beijing were pulled away overnight on Friday (May 20) night after 26 cases tested positive for COVID-19, and residents were threatened with punishment if they disobeyed.

3. U.S. President Joe Biden’s plane landed in South Korea on Friday, beginning his first trip to Asia as president.

4. UN Human Rights Commissioner Michelle Bachelet will visit China next week, including Xinjiang.

5. Russian troops said on Friday that they had full control of Azovstal in Mariupol after the last batch of Ukrainian soldiers surrendered.

6. U.S. Trade Representative Katherine Chi Tai held talks with Taiwan’s Trade Representative John Chen-Chung Deng in Bangkok, Thailand, on Friday to discuss how to further deepen bilateral economic and trade cooperation between the United States and Taiwan.

7. On the occasion of U.S. President Joe Biden’s visit to South Korea, the two countries agreed to establish a new permanent economic and security dialogue mechanism to coordinate economic security issues and response strategy at any time.

8. U.S. President Joe Biden is scheduled to unveil his Indo-Pacific Economic Framework (IPEF) in Japan on May 23 (next Monday). Tokyo urged Washington to be more flexible to attract more Southeast Asian countries to join IPEF.

The information above is from the internet and for reference only.

Published by:Wenwu

Original Article:2022521日战时快讯 – GNEWS

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【G-Times News】Chinese billionaires Suddenly Selling Assets in Fear of U.S. Sanctions

【G-Times News】Chinese billionaires Suddenly Selling Assets in Fear of U.S. Sanctions

Author: Canada Vancouver Sailing Farm – 秋峰
Videos: Canada Vancouver Sailing Farm – 阿泽西

On May 19th, Miles Guo revealed in a Gettr broadcast that the Chinese Communist Party (CCP) authorities had learned that the United States was about to impose extreme sanctions and seize all CCP-related overseas assets, which has led to a large number of mysterious Chinese billionaires to selling their overseas holdings at low prices over the past 24 hours. But these sellers did not accept US dollars payment.

CCP got the lessons from the U.S. and Western’s comprehensive sanctions against Russian oligarchs, their actions were in concert and quick this time.

In just 24 hours, most foreign financial institutions suddenly began to sell their company shares in the United States, Europe, Japan, Singapore and other countries at low prices at the behest of Communist China’s tycoons.

Several commercial buildings in the UK (each worth hundreds of millions of pounds), and even shopping malls and office property assets in India and Pakistan are being sold urgently at 40% – 50% below the market price.

On top of that, some people sold 30,000 bitcoins in one transaction at 20% off the market price.

Ping An Group and Lufax, which hold a large amount of assets in New Zealand, are doing deals with multiple departments in New Zealand to sell their assets at a discount.

A large number of mysterious Chinese billionaires suddenly returned to Communist China recently, followed by a wave of concentrated selling of high-end real estate in many countries.

Among the high-end house properties listed for sale in recent weeks, there are dozens of real estates with the market value of $10-100 million in Los Angeles alone, as well as in New York, London, and the south of France, and the vast majority of sellers are Chinese.

Link: https://gnews.org/2567555/

Author/Translator/Dictation – G时新闻组
Editing/Posting – 野草
Checking – 青青、野草


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Former Chairman of Federal Reserve: The Fed’s Slow Response to Inflation was a Mistake.

Former Chairman of Federal Reserve: The Fed’s Slow Response to Inflation was a Mistake.

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Translated by: Himalaya Oxford Visionary-boylatin1L

It is reported on May 16, that Bernanke, who guided the Fed through the 2008 financial crisis and implemented unprecedented Quantitative Easing (QE), said that although the question of when to curb inflation is complicated, the real question is why did the Fed postpone it. Why is there a delay in response? It doesn’t seem right. Bernanke believes that the Fed agrees that this is a mistake.

Image Source: market watch

Bernanke said that gradualism is one of several reasons the Fed did not respond more quickly to inflationary pressures in mid-2021. And that the current high inflation, with prices rising at such a high rate, is entirely different from the hyperinflation of the late 1970s and early 1980s.

Several Fed officials have defended their policy response, saying that when inflation is more persistent, they have begun using “forward guidance” to tell the market that tighter policies are coming.

When inflation starts to rise above the Fed’s 2% target in the spring of 2021, policymakers say specific factors triggered by the pandemic will wane and expect high inflation to be “temporary”.

Image Source: aier

The report said the Fed is actively tightening policy but faced criticism from all sides for dragging its feet for too long before pulling policy. Meanwhile, the U.S. economy is facing high inflation running at 8.3%.

Reference:
https://gnews.org/zh-hans/2543746/

Edited by:  MikeHua
Posted by: Peter Chen

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The Ukrainian National Football Team Thanked NFSC’s Humanitarian Efforts

The Ukrainian National Football Team Thanked NFSC’s Humanitarian Efforts

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Translated by: zhong

On their way to France for training, the Ukrainian national football team stopped by NFSC’s camp in Medyka, Poland. They visited the tent of the NFSC and ROLF to rest and drink coffee. They thanked the NFSC for its humanitarian assistance to Ukrainian refugees.

Reference:
https://gnews.org/zh-hans/2516778/

Edited by: James Zoebel
Chief Editors: James Zoebel, Xiequyuan G.
Posted by: Peter Chen

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The U.S. House passes $40 billion bill to bolster assistance to Ukraine

The U.S. House passes $40 billion bill to bolster assistance to Ukraine

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Translated by: MOS Gospel Team – Lilian H

According to Reuters on May 10th, the U.S. House of Representatives passed a US$40 billion bill to extend further assistance to Ukraine by 368 to 57. Besides funds for security assistance and replenishing stocks of U.S. equipment sent to Ukraine, the legislation authorized a further $11 billion in Presidential Drawdown Authority, which allows the President to authorize the transfer of articles and services from U.S. stocks without congressional approval in response to an emergency.

Image Source: House.gov

In addition, the bill authorized $4 billion in Foreign Military Financing to provide support for Ukraine as well as other countries affected by the crisis and $14 billion in humanitarian assistance, including $5 billion to address global food insecurity and $9 billion for an economic support fund for Ukraine.

Image Source: reuters

Reference:
https://gnews.org/zh-hans/2523418/

Edited by: Ronald Yan
Chief Editors: Ashley W., Stay
Posted by: Peter Chen

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UK, Sweden, and Finland Reach A Security Agreement

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Translated by: MOS Gospel Team – Lilian H

Following the Russo-Ukrainian war, Sweden and Finland have been threatened by Russia for expressing a strong desire to join the North Atlantic Treaty Organization (NATO).

On May 11, UK Prime Minister Johnson announced that the UK had reached a security agreement with Sweden and Finland, committing military support from the UK for the two countries should they be under attack. In addition, the pact also intensifies intelligence sharing among the three states and accelerates joint military training, exercises, and deployments.

Image Source: dailymail

Johnson, echoing the same account as Miles Guo who has previously stated that the Russian-Ukrainian war had certainly changed the political landscape in Europe and around the world, said that Russia’s invasion of Ukraine had changed the landscape of European security and Russia has failed.

Reference:
https://gnews.org/zh-hans/2523417/

Edited by: cosmo YZ
Chief Editors: Ashley W., Stay
Posted by: Peter Chen

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5/12/2022 Galaxy News: Toyota Motor Suspends 8 Plants in Japan, 30,000 Vehicles Affected by Shanghai Lockdown; Kishida Administration’s Signature Policy, the Economic Security Law Is Enacted

5/12/2022 Galaxy News: Toyota Motor Suspends 8 Plants in Japan, 30,000 Vehicles Affected by Shanghai Lockdown; Kishida Administration’s Signature Policy, the Economic Security Law Is Enacted

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1. Toyota Motor Suspends 8 Plants in Japan, 30,000 Vehicles Affected by Shanghai Lockdown

According to Kyodo News, Toyota Motor Corporation announced on May 10 that it will suspend operations of 14 lines at its 8 plants in Japan from May 16 to 21 due to parts delivery difficulties caused by the lockdown of Shanghai, Communist China due to the CCP virus (new coronavirus COVID-19). The 8 plants include Motomachi Plant (Toyota City, Aichi Prefecture), Gifu Auto Body Industries’ main plant (Kakamigahara City, Gifu Prefecture), Toyota Auto Body’s Inabe Plant (Inabe City, Mie Prefecture), and Toyota Motor Kyushu’s Miyata Plant (Miyawaka City, Fukuoka Prefecture), which will suspend operations for two to six days.

2. Kishida Administration’s Signature Policy, the Economic Security Law Is Enacted

Reported by TBS NEWS on May 11, Economic Security Bill, a key policy of the Kishida administration, was passed and enacted by the plenary session of the House of Councilors. Economic Security Bill includes, among other things, authorizing the government to investigate suppliers and their inventories to ensure a stable supply of semiconductors and other critical goods against the backdrop of Communist China’s rise in the high-tech sector. The bill also provides for imprisonment of up to two years or a fine of up to one million yen in cases where a business has made a false notification to the government when installing critical infrastructure equipment.

3. PM Kishida and Finnish Prime Minister Agree to “Continue to Respond Firmly to Russia

PM Kishida said, “Russia’s aggression against Ukraine is an act that shakes the very foundations of the international order, not only in Europe but also in Asia. At this juncture in history, unity with Finland and other countries that share common values is required. We would also like to work together toward a free and open Indo-Pacific”. Prime Minister Marin responded, “We share common values. Russia’s war against Ukraine has brought about major changes not only to European security but also to the global environment. I believe that Communist China is planning how to use its power”, reported by NHK on May 11.

4. Matsuno Chief Cabinet Secretary: Outdoor Masks, Not Required If Distance Is Kept

Chief Cabinet Secretary Hirokazu Matsuno stated at a press conference on May 11, “It is not necessary to wear masks outdoors as long as you can keep a sufficient distance from others. The risk of heat stroke is particularly high when temperatures and humidity are high”. Haruo Ozaki, chairman of the Tokyo Medical Association, proposed a review of the use of masks outdoors. Dr. Matsuno stated, “Even outdoors, people need to wear masks when conversing with others closely.” but added, “We would like to consider whether or not to revise this rule, considering the infection situation and the scientific opinions of experts”. 

5. House Foods Raises Prices of Vermont Curry and Other Products for the First Time in 7 years, 5-10%

House Foods announced on May 11 that it will raise the prices of 181, including curry roux “Vermont Curry,” by 5-10% starting from deliveries on August 15. The company cited soaring raw material prices and rising distribution costs as the reasons. This is the first-time price increase for home-use products in about seven years since February 2015. The suggested retail price of “Vermont Curry” (230 grams) without tax will increase from 318 yen to 349 yen. In addition to “Java Curry,” “Hokkaido Stew,” ” Tomato Hayashi Rice Sauce,” and other roux products, the company will also raise the prices of “Flûche” and the retort pouch foods “Cockless Curry” and “Curry Marche”, reported by Yomiuri News on May 11.

6. Foreign Minister Hayashi: “Resumption of Embassy operations in Ukraine will be considered after assessing the situation there.”

In response to the move by Western countries to resume embassy operations in Kiev, the capital of Ukraine, Japanese Foreign Minister Hayashi expressed his intention to comprehensively consider how to respond to the situation at Japanese embassies in Ukraine, while keeping a close eye on the situation. At a press conference, Foreign Minister Hayashi stated, “Japan is currently using the Japanese Embassy in Poland as a base, doing its best to provide information to Japanese residents, ensure their safety, and support their departure. Regarding the reopening of the embassy in Ukraine, we will closely monitor the situation in the region and consider the matter comprehensively”.

【Himalaya Japan Galaxy- Alpha Planet】

Translator: Tagomi

Proofreading: Tagomi

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More Communist Party Officials are Defecting

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Translated by: Himalaya Washington DC – boylatin1L

On May 10th, an Australian spy organization said more and more party officials are plotting their escape under the high-handedness of the Communist Party’s Xi Jinping by offering themselves as informants.

Before this, U.S. and allied intelligence agencies have said that the Chinese Communist Party (CCP) is one of the most challenging regimes to infiltrate, but the CCP’s infiltration of the West is easy.  After the Russian-Ukrainian war, the division began.  Last month, the Solomon Islands allowed the CCP to station troops, police, weapons, and other military arrangements, making the United States and Australia unhappy and causing anxiety in the trans-Pacific region.

The U.S. Biden administration launched a China mission to prioritize infiltration of the CCP, exposing about 20 intelligence officers who had been hiding for nearly a decade.  Most of these people understand the language and culture and suddenly have stable Chinese assets, and their massive infiltration within the target government is a must for spies.

Image Source: atlanticcouncil

Suddenly, it is not allowed to launch large-scale operations against these spies, as this will inadvertently alert the enemy.  Nevertheless, Australia’s spy chief has highlighted his efforts, including sending his agents and “informants” from within the CCP.  Many CCP officials have recently expressed dissatisfaction with their country’s development trajectory and offered themselves as informants.

The CCP regime itself is a life-and-death environment of a repressive dictatorship, and score-settling is ongoing.  Therefore, cooperating with foreign countries to protect one’s safety has become an advantage.

Reference:
https://gnews.org/zh-hans/2508042/
https://www.washingtonexaminer.com/policy/defense-national-security/more-and-more-chinese-officials-want-to-inform-on-regime-australian-spy-chief

Edited and Proofread by: Linda Progress
Posted by: Peter Chen

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