industrial hengqin preparing mayweather stripped building international exhibition of wbo title revitalized Hengqin is preparing to host its Five-division world champion into golf first food exhibition. The event Floyd Mayweather has been center will improve trade relations with stripped of the WBO welterweight Lusophone countries belt won from Pacquiao in May P2 P3 P19

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“ THE TIMES THEY ARE A-CHANGIN’ ” ad World Medical Summit brings

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WORLD BRIEFS

CHINA China opens an exhibition of guns and photos of massacres to commemorate the 70th anniversary of the World War II victory over Japan, part of a propaganda push to stir up nationalism. More on p11 ap photo

AFGHANISTAN The Taliban stage two separate suicide bombings in Kabul, killing at least one person and wounding three, including a NATO soldier.

THAILAND A military court releases 14 student activists from detention but says they still face sedition charges for defying the junta’s ban on political gatherings. More on p13

INDIA Young Indians embrace social dating apps, defying conservative traditions and social taboos. More on p12

JAPAN The American Toyota executive who was arrested in Japan on suspicion of drug law violations is expected to Aspiring female director be released today without being prosecuted, according to a media report. married to cinematography P3 MDT REPORT More on backpage 08.07.2015 wed

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experience of golfing. The head of the company told the Times that the principal ob- Industrial building revitalized jective of the venues was to uni- te golf enthusiasts of any age, who would interact with one into golf-lovers’ stronghold another through physical acti- vity, which he denied was thou- ght to be only for the elderly ootball pitches, base- and the elite. Yet Wu wished at Fball fields and skating rinks the end of the day that his clien- have gradually found their pla- ts would develop an interest in ces inside local industrial bui- their homemade products pri- ldings over the past few years ced less than one third of the under the 2011 public initiative international brands. to revamp the structures. “After all this is a business, it Some local golf enthusiasts enables people to try and learn have contributed over MOP3 a sport in which they’d proba- million towards creating in- bly develop an interest through door golf driving ranges in the training and through purcha- northern part of the city packed sing some gear afterwards,” with aged industrial blocks, said Wu. “At least we have a with the aim of popularizing platform on which you have a the sport among locals. chance to get exposed to it.” More than just a training grou- He is rather satisfied with their nd for golfers to brush up on business and has understood their swing, the 3,700 square- that local golfers are no longer foot venue, where its owner concerned by weather factors Champion Sports kicked off its and manage their time more trial operation last December, flexibly when they go golfing at is also devoted to selling home- golf-simulators, which are ea- made golf products, together sily accessible. Nonetheless, he with equipment fabricated by likewise pointed out a drawba- international brands. “We hope ck: that it was difficult for dri- to create a Macau golf brand, vers to settle their private cars like a series of products. Besi- laws which regulate activities plan to open a public “golf cou- could keep their passion alive. in a district short of parking des, there’s a need to test those that can be carried out inside rse” inside the block. Currently, “Here’s not a public driving spots. In addition, the business golf clubs and balls in a place, urban properties, Wu acknow- golfers are required to subscri- range but a sports goods com- operators are also facing some to see whether or not they fit ledged that their business am- be to the firm’s membership in pany. We chiefly sell products. other common plights buffeting your personal needs” said Vic- bition had been met with mul- order to be entitled to make use We can’t rent out our place to their burgeoning business. tor Wu, CEO of the sporting tiple restrictions before it came of the facilities available on the the public, which is illegal,” said “The major concerns are […] product provider. to reality, which finally com- premises, which is the only way Wu. “It’s an issue of licensing. few people would visit indus- Under the region’s existing promised the company’s initial by which the business operators (…) The government promised trial buildings, only those who to revitalize the industrial buil- have a grasp of the directions dings on one hand, yet it has no and ways would and also the laws and regulations to allow us exorbitant rent, all those are ONE SHOT NEWS to officially run the business.” taking a toll,” said Wu. Despite the fact that the pro- ject is recent, having begun The plan to around half a year ago, the com- pany’s CEO revealed that not open a public a lot of promotion was made. ‘golf course’ The only advertising on whi- ch the group has relied so far inside the is social networking sites and messanging apps like Facebook block was and WeChat. Asked about their commercial plan for the near compromised future, Wu said that he hopes to move step by step. Upon their arrival to the sto- “With the two operation mo- re, which is located on the third des I mentioned, one’s about a floor of the industrial building, training venue while another is visitors will be greeted with an about a brand, the former is ba- array of clothing and golf-related sically unable to be opened, for products from various brands the latter, it’d take quite a long placed in plain sight against the time to develop. Therefore we’d walls with a small parcel of green work on it step by step,” said lying in the middle of the room. Wu, who also added that they The company’s signature golf would soon make their produc- driving ranges, set in the other ts available online for sale on two rooms, are actually com- websites such as Taobao. The prised of high-tech devices and company has considered or- Over 2,900 local civil servants from 60 public departments have competed against each other over the past two sensors, which project a virtual ganizing outbound trips for its months at an annual event organized by the Sport Development Board and the Public Administration and Civil Service environment on a giant screen, members to experience golfing Bureau for the top titles in seven categories. giving guests a highly simulative abroad. Staff reporter

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ailed relationships can be devastating for some, but for others heartbreak can also ins- Aspiring female director Fpire creative projects. Local di- rector Emily Chan used her pre- vious two breakups as the basis married to cinematography for her latest romance film, “Ti- ming,” which will be screened at two local cinemas and one in I’m married to cinematogra- Hong Kong this summer. phy.” Even so, filming has not The big winner of the Macao only shattered her former rela- Indies 2015 (see box) has been tionships but has led her to a determined to pursue cinemato- new one. Chan says that she is graphy as a lifelong occupation currently in a relationship with since starting her bachelor’s de- the frontman of a local rock gree in journalism in the city. band called Blademark. The The 27-year-old, who has also duo will be busy with a docu- just finished a Masters in jour- mentary on the musical band nalism in Beijing, told the Times for its 10th anniversary. that she intends to foster the lo- Having been away from Ma- cal cinematographic landscape cau for two years, the director with her box office profits. still expressed her heartfelt “I am not a famous direc- gratitude toward the city that tor and have no international witnessed her growth since her awards, but having the streng- time as a novice in the industry. th to keep something going is “In “Timing,” there’s this very important. After discus- line, ‘Macau didn’t change at sion with the promotion team, all: what changed was its ex- all our profits will go straight to terior, not its interior.’ This the university students as our is what a repatriate could tell. interns,” pledged Chan, who Despite out city’s rapid and added that the crew will travel tremendous development, we to Beijing in order to gain more do still have a sense of warm- experience in film production. th that’s so close to our heart,” Despite her parents’ long Emily Chan said Chan who added that un- -held opposition to her dream, like Macau, individual inte- the director – currently em- a relatively meager salary – be- Among other incidents, she friends left her due to the prio- rests override everything back ployed by a mainland company lieves that celebrated director was victimized by a producer rity she placed on building her in Beijing. To her, the former on a five-year contract offering Ang Lee’s six years of career who exploited her creativity career: “I’ve got to engage in Portuguese enclave still has limbo were what inspired her for free. She remains optimis- cinematography. This is what more enthralling scenes to of- to carry on. tic despite the experience. I say all the time to everyone. fer. Staff reporter “If cinematography is what I In 2014, the Film Produc- will pursue until my very last tion Investment and Trade In ‘Timing,’ day on earth, this is just the Fair held by the Macau, Hong macao indies winner there’s this line, beginning. I wouldn’t aim for Kong and Guangdong autho- awards with any production rities served as a watershed Emily Chan’s feature “Yes- Alegria tomorrow and at Hong ‘Macau didn’t done before the age of 30. for Chan, where her awarded terday Once More” has beaten 24 Kong’s Grand Cinema in Kow- They’re exercises for me, which film proposal won top accola- other homemade productions in loon today. The film will still be change at all: allow me to handle other films des and subsequently drew her the ninth edition of the Interna- available at Cinema Alegria fol- with greater proficiency later,” current employer’s attention. tional Film and Video Festival to lowing its debut. Currently, the what changed she said. Looking back on her past, take the top accolade, the Jury’s director is running a promotional Nonetheless, Emily Chan ack- she says that her devotion to Award. Her latest product, “Tim- tour at local schools to popular- was its exterior’ nowledged that her success cinema has also affected her ing,” will be screened at Cinema ize the film. Emily Chan has not been without sacrifice. personal life, since two ex-boy-

COOPERATION Hengqin preparing international food exhibition

engqin is pre- that the company hopes supportive attitude and the establishment of Hparing to host its to attract more exhibi- preferential policies for company for agricultural first international food tors from Lusophone Lusophone countries in product trade, could it exhibition on December countries, while agents terms of land, taxation apply for financial assis- 3, featuring agricultural in mainland China can and custom clearance will tance from the fund, so products from Macau, introduce a greater array probably move the Forum as to build a trade center Taiwan and mainland of agricultural science for Economic and Trade that would receive Lu- China. In order to ef- practices and techno- Co-operation between sophone countries’ pro- fectively plan the exhi- logies as well as quality China and Portuguese- duct traders. bition, the Hengqin ad- products to the Lusopho- speaking countries [Fo- The delegation also ministration organized ne countries. rum Macau] that is based visited the Zhuhai In- a field trip for associa- Ms He further sugges- in Macau to Hengqin,” ternational Convention tion heads, which focu- ted that many trade coo- she added. and Exhibition Center sed on the circulation peration projects in Ma- The consultant stres- and selected it as the the of agricultural products cau could be moved to sed that the Sino-Luso venue of the food expo. between the regions. It The Hengqin New Area plan display room Hengqin, which also re- Cooperation and Deve- The building, opened is expected from these quires the Hengqin ad- lopment Fund has been last October, consists of field trips that the Hen- stated in a press release vestment to the free tra- ministration to assume injected by a capital of a 10,000-square-meter gqin Free Trade Zone that the expo is aimed at de zone. the role of host and thus USD2 billion every year exhibition hall, a ball- (FTZ) will improve its facilitating international The Hengqin FTZ Deve- grant land to build food from the Chinese gover- room, a professional ki- trade relations with Lu- trade and cross-border lopment Company’s con- refrigeration depots and nment. However, only tchen, theater and con- sophone countries. e-commerce, as well as sultant, Ms He Huiping, trade centers. when the Hengqin ad- cert hall, adjacent to a The associations jointly attracting capital and in- who guided the tour, said “The administration ministration approves complex of hotels. BY 08.07.2015 wed

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Brook Yang

number of world-re- nowned medical scho- First World Medical Summit lars and leaders in the field of public health policyA launched the World Me- attracts global experts to Macau dical Summit (WMS) in Macau yesterday to share knowledge and experience in pressing topi- cs concerning today’s global me- enable Macau’s medical scien- medical problems, to alleviate

dical community. xinhua ce and technology to achieve the pain caused by diseases, and Jointly organized by the WMS greater development, but to also to maintain and improve human Organizing Committee and the have a significant and profound health have become worldwide Macau University of Science and impact on advances in modern concerns that require the com- Technology (MUST), the three- medicine, traditional Chinese bined efforts of all countries. day conference is recognized as a medicine, and the cause of hu- The establishment and consoli- “historical event” for the region’s man health,” he stressed. dation of interdisciplinary, coor- medical community, comprising The rector further acknowle- dinated, practical and mutual over forty leading figures in the dged that “human health has cooperation have become an ur- field, including Nobel laureates, been improving continuously; gent need,” he added. Lasker Awards winners, health however, whether in developing Moreover, Mr Jiang Shuiping ministers, and respective chair- or developed countries, chan- said that the organizers also men of the Chinese Medical As- ges are happening quietly in the expected to “improve Macau’s sociation, Sweden Nobel Foun- spectrum of diseases, and some current level of research in me- dation and European Molecular chronic non-contagious disea- dical science and health through Biology Organization, as well as ses and major new epidemics hosting the summit, as it can be editors-in-chief of Science and The opening ceremony of the 2015 World Medicine Summit are seriously threatening peo- a platform for Macau to further Nature journals and advisors of ple’s health.” its efforts and to better exchan- the World Bank. lectures, roundtable discussions effective treatments be investiga- “To conquer such challenging ge ideas with the international The summit’s founding chair- and symposiums to facilitate ted in a timely manner. He stres- community.” man, Jiang Shuiping, told media dialogue on a wide range of me- sed that it is crucial for scientis- Commenting on the region’s representatives that it aims to dicine-oriented topics, such as ts to collaborate closely and for medical education and research “serve as a channel to integrate controlling Ebola, avian influen- societies and governments to Resistance facilities, Jiang noted: “Some ex- the world’s medical resources – za and Middle East Respiratory financially support these collabo- perts have also raised the ques- including governments, experts, Syndrome; tackling cardiovas- rations, in order for this summit to antibiotics tion as to why Macau hasn’t esta- medical foundations and pu- cular illnesses; climate change to make an impact. blished a medical school so far.” blications – to explore effective and health; PM2.5 and respira- The MUST rector, Liu Liang, is going to “So we also hope to use this means to tackle the new trends tory diseases; as well as the in- also expects the conference to occasion to suggest the govern- in public health and incurable ternationalization of traditional unveil important aspects of the be a critical ment build a world-class medical diseases.” Chinese medicine. city’s medical science develop- school. (…) The government and “For example, resistance to an- Israeli Nobel laureate Aaron ment. He noted that the guest challenge which local universities could introduce tibiotics is going to be a critical Ciechanover, who will give a speakers are either renowned incentive policies to attract ta- challenge which all governmen- speech on personalized medici- scientists who have made excep- all governments lented professionals and leading ts will face in the next decade, as ne, stated at the opening cere- tional contributions to medical will face in the medical practitioners from other well as cancer and Alzheimer’s mony that there are still many development or outstanding places so that they can be more disease. These are the issues we diseases, especially emerging in- leaders with major contribu- next decade confident to come here to ad- will discuss,” he added. fectious diseases, that have yet to tions to public health policy. “I vance Macau’s medical develop- The conference will comprise be studied, and demanded that believe this summit will not only Jiang Shuiping ment,” said the professor.

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heng Koon-man China Daily report Resort operators are trying to made the right deci- do just that. GEG is targeting sion when he opened the mainland market as well as a second restaurant visitors from South Korea, Ja- Cin Macau deep in the heart Region spins the wheel pan and countries in Southeast of a new and bustling sho- Asia. Walking through the Ga- pping precinct. As crowds of laxy Macau complex, one can customers stream in and out easily reach the luxury hotels of “Wong Kung Sio Kung,” to drive tourism sector that line the resort. There is Cheng’s smile denotes his sa- the Ritz-Carlton, the first “all- tisfaction and reflects his ho- suite” hotel, along with Asia’s pes for the future of the MSAR. largest JW Marriott. Next door “The business is better than are the Banyan Tree Macau, I expected it to be since I ope- Hotel Okura Macau and Ga- bloomberg ned it on May 27, as more tou- laxy Hotel, providing about rists have been visiting Galaxy 4,000 rooms altogether. Macau and Broadway Macau Other resorts are also looking for shopping, watching shows to expand their clientele. Clo- and eating out,” the Macau- se to Galaxy is the Studio City, born restaurateur told China owned by Melco Crown Enter- Daily, adding that he opened tainment Ltd. Melco expects his first restaurant on the pe- to complete the tallest Ferris ninsula in 2000. wheel in Asia by the end of Along the crowded street of this year in order to attract the recently opened Broadway young families. Sands Chi- Macau, more than 30 shops na Ltd is building a USD1.7 and restaurants cater to thou- billion resort, which will fea- sands of tourists that cover the ture a half-size replica of the area, searching for a little piece Eiffel Tower. of old Macau. “We specialize Gaming operators like Galaxy in shrimp roe noodles and sea are also expanding their inte- crab congee,” Cheng said. “And rests on the outskirts of Macau. the tourists like what we are Ye Yanmin, senior vice-presi- doing.” dent of the group, said that the Less than a minute’s walk entertainment company was from his restaurant and across working on a resort project on a pedestrian bridge from Broa- Hengqin Island, but did not dis- dway Macau is Galaxy’s new close how much it would cost. complex, which plays host to “The project will focus on lei- casinos, shopping malls and sure and entertainment, such six world-class hotels. Sun loungers sit beside the wave pool at the Galaxy Macau casino resort as a golf course and a resort. Plans to further expand Ga- We are confident about this laxy’s brand by opening a deputy chairman. the fall in gambling revenue, falling gaming sector (reve- development, as the econo- third and fourth phase are Macau is of course known for which has been hit by the gover- nue).” mic zone of the Pearl River underway, costing around its glitzy casinos, high-rollers nment’s anti-corruption drive. In December 2014, President Delta will be a big and broad HKD57 billion as the company and weekend gamblers. Howe- “Macau is facing a restructu- Xi Jinping urged the island to market,” Ye said. “Convenient looks to attract more traditio- ver, according to the China ring period,” the Chief Execu- “nurture new growth areas” transportation will connect nal tourists. “The non-gam- Daily report, this reputation is tive Chui Sai On wrote in his during a visit to Macau. To do Macau with Hong Kong, and bling element of our business starting to change as the island annual work report. “Macau this, it must attract more tou- Zhuhai with Guangzhou, to will develop faster in the futu- moves into the mainstream tou- should develop into a tourism rists who visit Macau for more provide more business oppor- re,” said Francis Lui, Galaxy’s rism market to compensate for and leisure center to offset the traditional reasons. tunities.”

Gaming daily run rate in the past five days amoun- ted to MOP614m, July GGR forecasts from 6 percent higher than that of June (MO- P579m). The research MOP17.5b to MOP20b house trimmed the July GGR forecast from MO- P20b to MOP19b, repre- iting its local ga- senting a year-on-­year Cming sources, No- decrease of 33 percent. mura noted that daily Credit Suisse also UM organizes workshop bloomberg gross gaming revenue issued an outlook on (GGR) in the first five Macau, predicting that on passive smoking days of July totalled the worst is over for the MOP609 million. The local gaming sector. In he University of Macau’s (UM) Faculty of Health results were conside- its latest evaluation of TSciences (FHS) recently organized a workshop to rably lower than tho- the sector, the bank address the effects of passive smoking on public health. se of the last 9 days of noted that the gaming At the event, six renowned experts and scholars from June (MOP635m), but stocks stand out as Japan, mainland China, Hong Kong, and Macau gave they also had the bene- strong outperformers presentations and participated in an in-depth discus- fit of two fewer (lower in Hong Kong, rever- sion on the topic. volume) weekdays. sing its lackluster per- Participants in the workshop included Health Bureau The research house formance over the past director Lei Chin Ion, and deputy director, Cheang Seng expects July’s volume year. “We see a funda- Ip. The Tobacco Prevention and Control Office director to settle at MOP600m, recent easing of tran- down 29-38 percent, or mental shift towards Tang Chi Hou was also in attendance. According to a which is seasonally sit visas should help MOP17.57-20.17b. supportive policy, and press release issued by UM, measures implemented to stronger than June’s slightly lift premium In another report, Ci- seasonally stronger control tobacco smoke were also discussed during the average of MOP579m. mass revenues. tigroup stated that Ma- months are ahead,” workshop. Prof Takefumi Yoshimura, a professor eme- Nomura said that daily Nomura assumed daily cau’s table GGR for the Credit Suisse indica- ritus from the University of Occupational and Environ- GGR in the summer GGR of MOP560-660m first five days of July had ted, highlighting the mental Health in Japan, said that “dividing areas into months typically in- for the remainder of reached approximate- relaxation of transit smoking and non-smoking sections is not sufficiently creases on a sequen- the month, implying ly MOP2.9b, based on visa policies for main- effective, as research has shown that tobacco smoke can tial basis, and that the that July’s GGR will be industry sources. The land visitors last week. spread to non-smoking sections through the air.” 08.07.2015 wed

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8 BUSINESS 分析

Mike Corder and Derek Gatopoulos, Brussels

ith his country Greece races to restart talks struggling to sta- ve off financial collapse, Greek PrimeW Minister Alexis Tsipras with skeptical creditors was trying to convince European creditors to agree on a new bai- lout program yesterday at an European officials are split on emergency eurozone summit. the issue of whether to grant Tsipras is set to offer ap photo Greece easier debt repayment a new plan of economic mea- terms — with lead eurozone sures to creditors that he hopes lender Germany still reluctant. will restart negotiations on get- ting new loans for his country. The situation is urgent — wi- Tsipras thout a deal, Greece’s banks could go bust within days, the was trying first step in the country’s poten- tial exit from the euro currency to convince union. European Greece’s financial distress be- came more acute late Monday creditors when the European Central Bank refused to increase assis- to agree on tance for Greek banks, which are not due to reopen until to- a new bailout morrow. program A hastily arranged meeting of eurozone finance ministers, yesterday which will be Euclid Tsakalotos’ first as Greek finance minister, was slated for the afternoon in A man passes graffiti in Athens yesterday Greece has been granted two Brussels (late yesterday, Macau bailout programs worth a total time). A full summit of leaders present an acceptable deal, sin- nis Varoufakis, who constantly Giorgos Kafkaris, a 77-year of 240 billion euros (USD266 will then follow. ce its position was increasingly clashed with his peers. -old pensioner, was among billion) in loans from other European officials were cau- dire financially. “I won’t hide from you that I Greeks standing in line to wi- eurozone countries and the tious about the prospects for “The Greek government has am very nervous and very an- thdraw cash at an Athens ATM International Monetary Fund. progress. a major interest in coming xious,” Tsakalotos said after yesterday. But the spending cuts and tax Jean-Claude Juncker, the pre- forward quickly with serious being sworn in Monday. “I am “I came to get the 120 euros, I increases demanded as a con- sident of the European Union’s and credible proposals,” said not taking over at the easiest can’t take more. The good thing dition for the loans have hit executive Commission, indica- Dijsselbloem, who is the Dut- moment in Greek history.” is we had sorted things out ear- growth, causing an economic ted a comprehensive deal for ch finance minister and chairs Greek banks are running out of lier and we had 200-300 euros depression and pushing unem- Greece was unlikely to be rea- meetings with his eurozone cash even after the government set aside,” he said. “I’m waiting ployment to 25 percent. The go- ched yesterday. counterparts. shut them last week and placed for something better for all of vernment, meanwhile, has been “Were we to come up with The upcoming talks follow limits on how much depositors us. I believe something better slower than hoped in making a solution today, it would be Tsipras’ bigger-than-expected can withdraw or transfer. will happen.” the economy more competitive an overly simplistic solution,” win in Sunday’s bailout referen- Normal commerce is now The euro was down 0.7 per- and selling state assets to raise he told European lawmakers dum, when 61 percent of Greek impossible in Greece. Small cent ahead of yesterday’s mee- money. ahead of the meetings. “What voters rejected measures credi- businesses, lacking use of cre- tings, though stock markets James Nixon, chief European we’re going to do today is talk tors had proposed last week in dit cards or money from bank were relatively stable in Euro- economist at Oxford Economi- to each other, understand each exchange for loans. accounts, were left to rely on pe. Greece’s stock market re- cs, said there’s “a narrow trajec- other, show tolerance to each In a sign he may be willing to cash coming from diminishing mains closed since last week tory from here that sees an em- other and restore order to the compromise, Tsipras appointed purchases from customers. But amid the bank closures. boldened Greek parliament ac- situation.” a new finance minister to lead Greeks are holding tightly onto Tsipras has previously indica- cepting the need for reform in The eurozone’s top official, talks with creditors. what they have. And suppliers ted he’s willing to raise taxes and return for a debt write-down.” Jeroen Dijsselbloem, said that Tsakalotos, a 55-year-old are demanding that businesses cut some spending provided the “The next 48 hours will be the pressure was on Greece to economist, has replaced Ya- pay cash up front. country gets some debt relief. crucial.” AP

corporate bits family and friends getaway at mandarin oriental ‘ctm youth development program 2015’ concludes successfully

This summer, guests can room. ckage includes: One night’s Following the success of last spend quality time with their The Family Fun package accommodation in a Deluxe year’s “CTM Youth Develop- family and friends with Man- includes: One night’s accom- Room and a second Deluxe ment Program”, this year CTM darin Oriental, Macau’s “Fa- modation in a suite, one com- Room at half price. re-launched the initiative under mily Fun” and “Friends Ge- plimentary Deluxe Room, and The Family Fun and Friends the co-organization of the Bos- taway” packages. Both provi- complimentary Internet ac- Getaway packages are both co Youth Service Network and de luxury and relaxation with cess at the hotel. valid until 28 September supported by Caritas Macau, special savings on a second The Friends Getaway pa- 2015. the Fuhong Society of Macau, ADA, and Macau Galaxy En- tertainment Group. The pro- gram was held between Jun 11 and July 6. Upon completion of an inter- view, 23 candidates were short- listed to participate in the Pro- gram, through 3 weeks (over 100 hours) work experience in CTM and diversified activities event included Patrick Ip, CFO, rector, Catherine Iu, Senior Ma- including volunteer service and Gloria Silva, Vice President of nager of Corporate Community an adventure camp. The Gra- Admin & HR, Vincent Yp, Bosco Relations of Public Relations at duation Ceremony was held Youth Service Network’s CEO, Galaxy Entertainment Group, on July 6 at Mandarin Oriental Paul Pun, Secretary General of Cecil Wong, Administration of Macau. Caritas Macau, Jennifer Chao, Airport Ltd. (ADA)’s Head of IT Guests who attended the Fuhong Society of Macau’s Di- and CNS services. wed 08.07.2015

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published in partnership with macauhub.com.mo 中葡論壇 FORUM 9

Angola Brazil 9th largest AIIB François Hollande visit results shareholder in orders for French companies razil is the ninth largest Bshareholder of the Asian In- frastructure Investment Bank he visit by the Pre- (AIIB), the first international- fi sident of France, nancial institution established by

François Hollande, ap photo China, according to state English- to Angola resulted in language newspaper China Daily. Tthe signing of letters of intent With a stake of USD3.18 to order hundreds of millions billion, Brazil is also the only of euros of shipbuilding and country in South America amon- infrastructure construction gst the 57 founders of the AIIB, from French companies. 20 of which are nations from These agreements were outside Asia. Portugal, the other reached during the Angola/ Portuguese-speaking country France business forum, whi- that on 29 June signed the AIIB ch was attended by dozens founding agreement, becoming of businessmen from both a founding member, has a share countries, one of which was Angolan President Eduardo dos Santos French President François Hollande of around USD13 million. between French company China is the largest sha- Ecoceane, specialised in (175 million euros), involves million euros), provides for the Angolan Ministry of Ener- reholder, with a stake of 29.78 construction of anti-marine French company Eiffage and installation of 104 footbrid- gy and Water. percent, followed by India pollution vessels, and Ango- the Ministry of Construction ges and is ready to be imple- At the Angola/France eco- (US$8.37b) and Russia (US- la’s LTP Energy. in Angola and provides for mented. nomic forum another agree- D6.54b). Of the major world The two companies will construction of five bridges Another letter of intent in- ment was signed by the economies, only the United Sta- form a consortium for the in Luanda, 16 pedestrian bri- volves Hydroquest, a French French Development Agency tes, Canada and Japan are not supply of nine anti-pollution dges in the capital and 21 in company specialized in as- (AFD) and the Angolan Mi- part of the AIIB. vessels to oil companies ope- Benguela province, as well as sembling floating structures, nistry of Finance, with a view Proposed by Chinese Presi- rating in Angola, with an esti- a bridge in Cabinda. and Angola’s LTP Energy, to to opening and AFD office in dent Xi Jinping, in 2013, the mated cost of USD50 million Another agreement between supply 300 turbines to pro- Luanda and to provide finan- AIIB is due to be officially fou- (45 million euros). Eiffage and the Ministry of duce electricity, through a cial support for projects in the nded by the end of 2015 star- A second letter of intent, for Construction in the amount consortium that will negotia- water, sanitation and energy ting capital of USD100 billion. a deal worth US$195 million of USD200 million (180 te the purchase directly with sectors. MDT/Macauhub MDT/Macauhub

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10 CHINA 中國

Ting Shi

or Chinese President Xi FJinping, mission No. 1 has bloomberg been preserving Communist Party rule. That now means stabilizing the stock market. Xi’s government rushed out an unprecedented series of measures in recent days to halt a sell-off that wiped out USD3.2 trillion in market value in three weeks. Expect more stimulus efforts as the leadership under Xi seeks to keep the collapse from de- vouring the savings of tens of millions of Chinese investors - a constituency larger than the ruling party - and from poten- tially setting off social unrest. “This is a real testing moment for the leadership,” said Zhao Xijun, deputy dean of Ren- min University’s School of Fi- nance. “They must rescue the market with all their means. The ’what if’ scenario cannot be allowed. The evaporation of fortunes of more than 80 million individual investors would pose unthinkable social problems for the country.” The market rout poses one of Xi’s thorniest challenges since he took power more than two years ago and gave himself control of China’s economic reform agenda. Overcoming it will require something more than the strongman approach Chinese President Xi Jinping he’s so far employed to conso- lidate power. He’ll have to res- tore confidence in the world’s most volatile stock market, months after cheerleading by Xi rushes to boost market before state-run media helped spark the rally. At stake is a decades-long plunge loosens Party grip economic boom that stands as the party’s crowning achie- vement, with growth on track Speaking at a conference, a time of heightened anxiety nology company employee on creases the government’s res- this year for the slowest pace Li said economic indicators for the party. Parliament last suspicion of spreading online ponsibilities and the potential in a quarter century. Failure for the first half of the year week approved a sweeping na- rumors about a person leaping risks.” to stabilize the market would were “sound and steady” and tional security law that cited to his death due to market los- The government under Xi risk derailing the administra- authorities have “confidence the Internet, culture and ou- ses, the official Xinhua News may continue to act, having tion’s effort to rebalance the and the ability to deal with all ter space as potential areas of Agency said Sunday. already dusted off the par- economy and give any dor- types of risks and challenges,” concern and outlined the go- While China has weathered ty playbook and unleashed a mant party foes an opening to according to a report on the vernment’s aim to “protect the stock price declines before, number of state interventions. criticize Xi’s policies. government’s official website. political power of the people’s they’ve tended to reflect broa- Authorities still have tools in- “China’s economic story and The market slump comes at democratic dictatorship.” der economic turmoil rather cluding cutting the 4.85 per- political stability are now Xi is overseeing the law as than market dynamics. The cent benchmark lending rate very much at stake,” securi- head of a new national security recent boom has drawn in a and lowering the amount of ty analysts Gabe Collins and commission and as leader has much wider swath of the po- deposits that banks need to Andrew Erickson wrote in shown little tolerance for dis- pulation, as the market added lock away from the current le- a report published on their The sent. His crackdown on cor- an unprecedented $6.8 trillion vel of about 18 percent. Such China Signpost website. Sto- ruption has seen him amass in the 12 months through its moves risk further inflating ck market down-drafts on the evaporation the most power of any recent peak June 12. The 152 percent the country’s already-high heels of euphoric upswings Chinese leader, though social rally in the Shanghai Com- debt levels. can be devastating to far more of fortunes discord set off by a protracted posite Index was the biggest Hong Hao, chief China stra- than pocketbooks. They sow of more than market slide could damage the worldwide during the period. tegist at Bocom International fear and destroy confidence - party’s control. Unlike in the U.S. and Euro- Holdings Co. in Hong Kong, the lifeblood of both economic 80 million Top state media outlets and pe, China’s market is domina- said more measures were ne- growth and political stability.” securities journals on Mon- ted by individual rather than cessary to avoid a market fai- The benchmark Shanghai individual day issued editorials calling institutional investors. More lure, though for Xi and Li the Composite Index snapped a for faith in the market and the than one-third are under 30 lesson is the market should three-day losing streak Mon- investors government’s response. “Con- years of age and almost four- “be left to its own devices” in day, rising 2.4 percent, al- would pose fidence is more precious than fifths lack college education, the long run. though it gave back 1.3 per- gold. That’s what Chinese in- the China Business News re- “Systemic risk is a clear and cent in yesterday trading. unthinkable vestors need at this very mo- ported in January. present danger and must be Over the weekend, the State ment: confidence, not panic,” “The demographic composi- dealt with,” Hong said, and Council under Premier Li Ke- social problems the party-run People’s Daily tion of China’s stock market “it’s difficult to manage such qiang suspended initial public for the country said. gives it a decidedly irrational a gigantic ecosystem like the offerings while brokerages Authorities have moved to quality,” said Zhao, a former stock market. The government pledged to buy shares and the Zhao Xijun curtail Internet discussion consultant to the China Se- is learning the raw forces of central bank pledged liquidity deputy dean, Renmin University about the fallout. Beijing poli- curities Regulatory Commis- the market the hard way.” for margin trading. School of Finance ce detained a 29-year-old tech- sion. “That in turn greatly in- Bloomberg wed 08.07.2015

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中國 CHINA 11

PBOC, South Africa agree on Beijing opens yuan clearing arrangement The People’s Bank of China (PBOC), the country’s central bank, has signed a memorandum of cooperation with the South African central bank exhibition to mark the to establish a yuan-clearing center in South Africa. The PBOC announced yesterday that it had signed the memo in South Africa and will later designate a bank to conduct yuan clearing there; however it did war victory over Japan not specify when. China hopes the arrangement will facilitate cross-border trade and investment between the two nations’ companies and financial institutions using the RMB. This will be the first yuan clearing arrangement in Africa. RMB clearing abroad has ap photo become a major tool in promoting globalization of the currency. Such business has been established in Hong Kong and Macau, as well as foreign cities including Singapore, London, Frankfurt, Seoul, Paris, Luxembourg, Doha, Toronto and Sydney. PRC not taxing tobacco products enough, WHO says

Taxing cigarettes up to 75 percent of their retail price is among the most effective ways to reduce tobacco use. But too few governments, including China, levy high enough taxes according to a World Health Organization global report released yesterday. The WHO’s 2015 report on the global tobacco epidemic said more than half of the world’s countries — encompassing about 2.8 billion people — had implemented at least one of six sets of agreed-upon tobacco-control policies. The figure is up from 2.3 billion when the previous report was released in 2013. But it said many nations continue to have very low tobacco tax rates or no taxes at all. The report and officials said tobacco taxation could be a key source of funding to implement health and development goals. In China, research suggests that raising taxes on cigarettes to 75 percent of retail prices — up from 40 percent in 2010 — would avert nearly Soldiers from the PLA Air Force division stand in lines during the opening ceremony of the Museum of the War of Chinese People’s Resistance 3.5 million deaths that would otherwise be caused Against Japanese Aggression commemorating the World War II victory over Japan, in Beijing by cigarette smoking, the report said.

Louise Watt, Beijing militarism, while at the by Japanese soldiers, in- holidays linked to the war. same time becoming more cluding heads on wooden In September, China will Director Zhang Yimou sues hina opened yes-­­ aggressive in pressing its stakes. hold a military parade to ex-production partner for terday an exhibi- own territorial claims. Liu said the exhibition mark the anniversary of tion of guns and China’s ruling Commu- “demonstrates the bra- the end of the war in Asia. USD2.5m photos of massa- nist Party leadership also very of all Chinese people So far, only Russia has Ccres to commemorate the wants to highlight the in this anti-Japanese war confirmed it will send of- World War II victory over Communists’ role in figh- and the critical role played ficials and soldiers to take Japan, part of a propaganda ting the Japanese, though part in the Sept. 3 parade. ap photo push to stir up nationalism technically Japan surren- On Monday, culture of- by observing the 70th anni- dered to the U.S.-led Allies Soldiers ficials announced that “to versary of the war’s end in in the Pacific and then days increase patriotism,” 183 Asia with great fanfare. later on the Chinese main- and children war-themed concerts, ope- Soldiers and children land to Chiang Kai-shek. ras and other performan- stood in silence outside He was the Allied military stood in ces would be staged over the museum in suburban leader in China and head silence the next two months, along Beijing at the opening cere- of the Nationalists, who with the screening of new mony for the “Great Victory later fled to Taiwan after outside the movies, TV series, docu- and Historical Contribu- losing a civil war with the mentaries and cartoons. tion” exhibition on the 78th Communists. museum in Following the end of Wor- Zhang Yimou anniversary of the Marco With the Chinese flag ld War II, China’s Com- Polo Bridge Incident. A flying yesterday outside suburban munists and Nationalists Chinese director Zhang Yimou has sued a production clash at the Marco Polo Bri- the entrance to the Mu- Beijing at continued their battle for company that he has worked with for more than a dge in 1937 is regarded as seum of the War of the supremacy. The Natio- decade, seeking 15 million yuan (USD2.5 million) he the first battle of the second Chinese People’s Resistan- the opening nalists’ eventual flight to says he is owed as his share of the distribution money Sino-Japanese war, which ce Against Japanese Ag- Taiwan resulted in the split of one of his movies. His lawyers argued yesterday at lasted until Japan’s defeat gression, Liu Yunshan, the ceremony between the island and the Beijing Chaoyang District Court that Zhang hadn’t by the Allies in 1945. Communist Party’s propa- mainland. received his share of money for his 2009 film “A Relations between the ganda chief, said the exhi- Taiwan’s Nationalists Woman, a Gun and a Noodle Shop,” a dark comedy two Asian giants have long bition was to remember by the Chinese Commu- maintain the Communists about a noodle shop owner scheming to murder his wife and her lover. In its defense, Beijing New Picture been affected by what Chi- the “martyrs, to cherish nist Party.” It also serves played only a minor role in Film Co. argued that Zhang started his lawsuit in nese see as Japan’s failure the peace and look ahead as “an excellent platform the fight against the Japa- 2014, after a deadline expired, the court said on to sufficiently atone for the to the future.” for patriotic education,” he nese. On Saturday, Taiwan its microblog. Zhang and the production company suffering it caused during Inside, the exhibition in- added. held its own major military have worked together on many films, including two the war. They have also cludes handguns, machine As part of President Xi parade to commemora- of Zhang’s best-known: “House of Flying Daggers” worsened in recent years guns, a cannon as well as Jinping’s drive to stir pa- te the victory over Japan, and “Hero.” Zhang wasn’t in court for the hearing, over competing claims to toxic shells and gas masks triotism, China is promo- and Taiwanese President and the court didn’t say when the judgment would islands in the East Chi- said to have been used by ting its participation in Ma Ying-jeou said the fight be announced. Zhang is making his first English- na Sea. China has sought Japanese troops. Photos World War II as never be- was led by Chiang and that language film, a $150 million Chinese-Hollywood to underline what it main- show troops fighting and fore. Last year, it created “no one is allowed to dis- fantasy movie “The Great Wall” starring Matt Damon. tains is Japan’s renewed the aftermath of massacres three new annual national tort that.” AP It’s due to be released late next year. 08.07.2015 wed

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12 ASIA-PACIFIC 亞太版 廣告

controlling which men are being featured and offering ap photo reassurance that the men are legitimate. To do so, TrulyMadly encou- rages men to upload copies of their passports or other go- vernment-issued IDs, or to verify their phone numbers — all measures that might raise red flags over privacy in the West. It forbids risqué pho- tos, Bhatia said, and men who are married or post pictures of themselves smoking or hol- ding a beer bottle are rejected outright. They’ll even decide if a man looks desirable enou- gh. If they’re wearing an odd tank-top, or look thuggish, they’re out. In total, a quarter of users who try to register on TrulyMadly are denied, Bhatia said. Still, 65 percent of its users are men. The app Thrill sidelines up to 35 percent of male users, without telling them, to a so- called “phantom zone” whe- re they can still log on and view others’ profiles, but can’t make contact and are invisible to other users. “It keeps out a lot of the ri- ff-raff, to put it simply,” said co-founder Josh Israel, a New Jersey native now living in New Delhi. Whitney Wolfe, who co-fou- nded Tinder before leaving to launch the app Bumble, said An Indian girl checks her mobile phone at a party hosted by “TrulyMadly,” one of India’s online dating apps in Gurgaon designing platforms that give women more control work in India any country, not just India, where men traditionally take the lead. “In the current landsca- Youths embrace dating pe, women want to make the first move” but don’t because they’re afraid of what society will think, she said, explaining apps despite social taboos why Bumble allows only wo- men to send a first message. The formula, she said, reduces Rishab R. Jain, New Delhi conservative country where app. “I never imagined stran- women, leading to front-page the fear of rejection for men arranged marriage is still the gers would be open to meeting headlines and stricter laws on and removes the idea of a wo- diti Mendiratta’s biggest norm and marrying outside of strangers, just by looking at women’s safety. man being “desperate.” Aworry as she’s swiping left one’s religious or ethnic com- pictures of each other.” “We realized verification, Some young Indian women and right is hiding the smar- munity is often frowned upon. App developers are seizing security and privacy are very say they’ve been thrilled by tphone notifications that read But youths raised during an on what they see as enormous important” to women, Bha- the chance to chat with men “Congratulations! You have a era of economic growth and potential in India, where half tia said. “That’s what brings they might not meet through new match” from her parents. modernization are eagerly of the 1.2 billion population women to the app. They like family functions or in the offi- “They wouldn’t be cool with embracing Western ideas, and is younger than 25 and smar- to join an app where they can ce. Others relish the attention it,” the 20-year-old journalism increasingly willing to risk tphone sales are projected be sure that you will not have they receive. student said, flipping her long scandal to do so. to surge 67 percent this year married men, stalkers or folks “It just gives you so much black hair out of her face. “I’d alone. Indian companies are like that.” control,” said Anandita Ma- probably be lectured a zillion coming up with home-grown His company includes spe- lhotra, a 19-year-old student times about how irresponsible Hundreds of dating apps to compete with cial features to reassure wo- at an all-girl’s college. “I’d be I am.” imports like Los Angeles-ba- men the company has their showered with compliments Mendiratta is one of hun- thousands of sed Tinder. They even have best interests in mind. “Even a from 10 different guys every dreds of thousands of young the quirky names down: Woo, small incident will reflect ba- time I logged on. It made me Indians nervously exploring young Indians Thrill, TrulyMadly, HitchUp dly on our app.” feel extremely good about my- online dating apps — and are nervously and DesiCrush, to name a few. Developers said they were self.” breaking with India’s centu- But because dating is still being particularly cautious While Malhotra and many ries-old traditions governing exploring online widely seen as a social taboo after another app-based com- others may be dabbling in da- marriage and social conduct. in India, “it is very difficult pany, taxi service Uber, beca- ting through the social apps, The dating app market has dating apps to get girls in India to start me embroiled in controversy they’re not all quite ready to exploded in recent years, with using a dating app,” said Sa- in December and lost its li- give up on traditions like let- more than a dozen companies chin Bhatia, co-founder of In- cense to operate in the Indian ting their parents chose their operating in India and more “In India, you need to have dia’s TrulyMadly. capital after one of its Delhi spouse. than a million smartphone a reference to speak with Success also requires navi- drivers was accused of raping “I want to have an arranged users who have downloaded at anyone,” said Sagar Datta, a gating extra security concer- a 26-year-old passenger. marriage,” she said, flatly, least one of them. 24-year-old interior designer ns, developers said. India has Marketing to women means adding that she recently told The success of social da- who has met at least 20 peo- been roiled in recent years by not just giving them more her mother, “’I don’t trust ting apps may be somewhat ple, both men and women, he a series of high-profile cases of control over whom they con- my choice in men. So you will surprising in India, a deeply was introduced to through an gang rape and violence against nect with, but also carefully have to find me someone.’” AP wed 08.07.2015

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Eileen Ng, Kuala Lumpur Malaysia alaysian au- thorities have fro- zen six bank ac- Authorities freeze 6 bank accounts counts as part of an Minvestigation into allegations that hundreds of millions of dollars were transferred from in probe linked to premier a state investment fund to the personal accounts of Prime Mi- nister Najib Razak. of a political plot to remove Attorney General Abdul Gani him. He has said he is consul- Patail said yesterday a special ting his lawyers about the next taskforce investigating the in- bloomberg course of action following the vestment fund 1MDB for alle- “malicious accusations.” ged impropriety has also seized 1MDB has said it had never documents related to 17 ac- provided any funds to Najib. counts at two banks for further The investment fund, set up by investigation. Najib in 2009 to develop new in- The taskforce also took do- dustries, has accumulated 42 cuments related to non-com- billion ringgit ($11 billion) in pliance with central bank rules debt after its energy ventures by the two banks, he said in a abroad faltered. Critics, led by statement that was also signed Mahathir, have voiced concerns by the central bank governor, about 1MDB’s massive debt and the country’s police chief and lack of transparency. the head of the anti-corruption The Wall Street Journal re- agency. port said five deposits were The statement didn’t name the made into Najib’s accounts and banks or say who the accounts that the two largest transac- belong to. The statement said tions, worth $620 million and the frozen accounts belong to $61 million, occurred in Mar- “parties believed to be involved ch 2013 ahead of general elec- in this case.” It said the investi- tions. gation is continuing. Opposition lawmakers and Abdul Gani confirmed on the civil groups yesterday repeated weekend he had received docu- calls for Najib to take a leave ments from investigators that of absence as prime minister link Najib and 1MDB funds. to ensure the investigation can The existence of the documents, be carried out without fear or which allegedly show USD700 favor. million was wired from enti- Malaysia’s prime minister, Najib Razak “This has shaken the credibi- ties linked to 1MDB into Najib’s lity of the elected government,” accounts, was first reported by the biggest crisis of his politi- If charged, Najib would be the coalition has eroded in the last said opposition leader Wan The Wall Street Journal on Fri- cal career. Najib was already first Malaysian prime minister two general elections. In 2013, Azizah Wan Ismail. She said day. under increasing criticism over to face a criminal prosecution. it won the polls but lost the po- the scandal shows “how rotten The documents sent to the his leadership, particularly His ruling National Front coali- pular vote for the first time governance is in Malaysia.” attorney general pave the way from his political mentor, for- tion has been in power since Najib has denied taking any The opposition will call for a for possible criminal charges mer prime minister Mahathir independence from Britain in money for personal gain and special parliamentary debate, and have embroiled Najib in Mohamad. 1957. However, support for the has said the allegations are part she said. AP

Thailand exactly when they could take place, and its latest constitutional draft would Military court releases 14 student activists curb the powers of elected political leaders. Human Rights Watch Penny Yi Wang, Bangkok northeastern province of said in a statement that the Khon Kaen to mark the students’ arrests “demons- military court in Thai- ap photo coup’s first anniversary. trate the military junta’s Aland released 14 stu- They face charges of se- unwillingness to ease its dent activists from deten- dition and violating the oppressive rule.” tion yesterday but said they junta’s ban on political ga- The U.N. human rights still face sedition charges therings of more than five office has called for the stu- — and the prospect of se- people, which carry pe- dents’ release and urged veral years in prison — for nalties of up to seven and the government to review defying the junta’s ban on a half years in prison. No its use of laws that limit political gatherings. date has been set for their freedom of expression and The university students, trial. assembly. 13 men and one woman, Since overthrowing an The European Union has had been detained since elected government in called the arrests “a dis- their arrest on June 26 in Supporters of 14 detained students protest outside the military court in Bangkok May 2014, the nation’s turbing development” and Bangkok after leading a se- military rulers have jailed said civilians should not be ries of peaceful anti-coup and students joined do- defense lawyer Krisadang thouse. Journalists were opponents who dared to tried in military courts. rallies in the capital and zens of protesters to show Nutcharut. Under Thai not allowed to attend the speak out against them. The students’ case is the elsewhere. support for the students law, people can be held a hearing. “They can now go They have censored the latest dilemma for the go- The case sparked interna- outside the court, across maximum of 48 days wi- back to their studies.” media, forbidden open po- vernment, which has come tional calls for their release from the Grand Palace in thout formal charges. In a June 25 rally, the stu- litical debate and ordered under fire for the country’s and criticism of the mili- Bangkok’s historic quarter. “The court agreed with dents wrapped Bangkok’s that security-related offen- long-ignored human traf- tary junta’s use of military Amid mounting pressure, our request to release Democracy Monument ses be handled by military ficking violations and ille- courts to try civilians and the court denied a request them on grounds that they in black cloth and called courts. gal activity in the lucrative its strict controls on free- from police to extend the have no intention to run for the junta to “get out.” The military has spoken fishing industry that could dom of speech and assem- students’ pre-trial deten- away,” Kritsaadang told In May, they had conduc- of holding national elec- lead to an EU ban on im- bly. University professors tion for 12 more days, said reporters outside the cour- ted peaceful rallies in the tions but has not said ports from Thailand. AP 08.07.2015 wed

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14 WORLD 分析

ritons paused in UK silence and walked in solidarity yester- day to mark the 10th Banniversary of suicide bomb Britons mark the 10th anniversary attacks on London’s transit system. Four British men inspired by al-Qaida blew themselves of London transit attacks up on three London subway trains and a bus during the morning rush hour on July 7, “It’s a day when we recall the gh and we honor the memory 2005, killing 52 commuters incredible resolve and reso- of those victims and all those and injuring more than 700. ap photo lution of Londoners and the that were lost 10 years ago to- Prime Minister David Came- United Kingdom, a day when day.” ron and London Mayor Boris we remember the threat that A memorial service was also Johnson led a wreath-laying we still face,” Cameron said. being held yesterday at St. ceremony at a memorial in “But, above all it’s a day when Paul’s Cathedral in London, London’s Hyde Park at 8:50 we think of the grace and the and later Prince William was a.m., the moment the attacks dignity of the victims’ families to attend a ceremony at the began. Survivors, transport for all they have been throu- Hyde Park memorial. AP staff and emergency workers laid flowers at the sites of the four bombings, while some 6 bank employees fired for Londoners heeded a call to walk part of the way to work staging mock is slaying video — under the slogan Walk To- gether — in memory of the day HSBC has fired six employees other held the kneeling man by the 10 years ago when the city’s who staged a mock Islamic State shoulders. One employee then yells transit network stopped. group-style killing during a team- “Allahu Akbar!” — Arabic for “God Cameron said the recent building exercise. The Sun newspa- is great” — a phrase often used slaying of 30 British tourists per reported yesterday the footage before IS hostages are slain. HSBC in Tunisia was a reminder that posted online showed five workers says in a statement it had fired wearing overalls and balaclavas those involved in the “abhorrent” terrorist threats remain real laughing as a South Asian col- video as soon as the Sun brought and deadly. Last month’s gun league wearing an orange jumpsuit it to their attention. The company rampage in the Tunisian resort knelt at their feet. One held a coat apologized for any offense the of Sousse was the deadliest at- Britain’s Prime Minister David Cameron, right, and London Mayor Boris Johnson hanger as a pretend knife while an- video caused. tack on Britons since 2005. walk through the 7/7 memorial in Hyde Park to lay wreaths in London

USA Iran Cosby admits to obtaining Nuke deal remains elusive after drugs to use on women deadline, but talks continue

Maryclaire Dale, Bradley Klapper, Vienna Philadelphia ap photo ran nuclear talks busted throu- ap photo ill Cosby’s admis- Igh their second deadline in a week Bsion that he obtained yesterday, casting new questions quaaludes to give young about the ability of world powers women he was pursuing to cut off all Iranian pathways to a for sex could bolster de- bomb through diplomacy. But the famation claims lodged parties agreed to continue their talks. by his accusers, the wo- “We knew it would have been dif- men’s lawyers said after ficult, challenging, and sometimes The Associated Press hard,” said Federica Mogherini, reported on newly relea- the European Union’s foreign poli- sed court documents. Comedian Bill Cosby cy chief. Negotiations, she said, will U.S. Secretary of State John Kerry meets with Cosby in sworn testi- continue for the next couple of days foreign ministers of Germany, France, China, Britain, mony unsealed Monday of lying when she tells a court. despite hitting some “tense” mo- Russia and the EU at a hotel in Vienna, Austria (yesterday, Macau time) very similar story?” “The stark contrast be- ments. admitted that he gave The AP had gone to tween Bill Cosby, the pu- As the latest target date arrived for and his team, pressure is increasing the now-banned sedati- court to compel the re- blic moralist and Bill Cos- a deal setting a decade of restrictions from skeptical U.S. allies and mem- ve to at least one of his lease of a deposition in by, the subject of serious on Iran’s nuclear program, U.S. Se- bers of Congress. If the accord isn’t accusers and to unna- a sexual abuse lawsuit allegations concerning cretary of State John Kerry, Iranian sent over to American lawmakers by med others. His lawyer filed by former Temple improper (and perhaps Foreign Minister Mohammad Javad tomorrow, their month-long review interfered before he University employee criminal) conduct, is a Zarif and other top diplomats hud- period would be doubled to 60 days, could answer deposition Andrea Constand — the matter as to which the AP dled in Vienna in search of a break- hampering the ability of the Obama questions in 2005 about first of a cascade of law- — and by extension the through. All had spoken of deep administration to offer speedy eco- how many women were suits against Cosby that public — has a significant differences remaining even after 11 nomic benefits to Iran for nuclear given drugs and whether have severely damaged interest,” U.S. District days of discussions, and there was concessions. they knew about it. his image as doting TV Judge Eduardo Robreno no public indication they had re- Kerry gathered early yesterday in “If today’s report is dad Dr. Cliff Huxtable wrote. solved disputes ranging from ins- Vienna with the foreign ministers of true, Mr. Cosby admit- on “The Cosby Show” Cosby, 77, has been ac- pection rules on suspicious Iranian Britain, China, France, Germany and ted under oath 10 years from 1984 to 1992. cused by more than two sites to limits on Tehran’s research Russia. The larger group was to meet ago sedating women for His lawyers objected dozen women of sexual and development of advanced nu- with Zarif at some point later in the sexual purposes,” said to the release of the ma- misconduct in episodes clear technology. day, with the clock ticking. Russia’s Lisa Bloom, attorney for terial, arguing it would dating back more than “The last, difficult, political issues, Sergey Lavrov and China’s Wang model Janice Dickin- embarrass him. Ultima- four decades. He has ne- we have to solve,” Mogherini said. Yi were expected for a gathering of son, who contends she tely, a judge seized on ver been charged with a Diplomats extended their discus- emerging economies in the Russian was drugged and raped. Cosby’s public morali- crime, and the statute of sions by a week when they missed city of Ufa today, and White House “Given that, how dare zing as he unsealed por- limitations on most of their goal of a pact by June 30, after spokesman Josh Earnest said ano- he publicly vilify Ms. Di- tions of the deposition the accusations has ex- passing previous deadlines in July ther prolongation of talks was “cer- ckinson and accuse her that had been filed in pired. AP 2014 and last November. For Kerry tainly possible.” AP wed 08.07.2015

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16 INFOTAINMENT 資訊／娛樂

what’s ON ... TV canal macau this day in history

13:00 TDM News (Repeated) The Calling of Spirituality - Xiao YaWen Artwork Exhibition 13:30 News (RTPi) Delayed Broadcast Time: 10:30am-6:30pm (Closed on Mondays) 14:30 RTPi Live Until: August 31, 2015 18:20 The Illusionist (Repeated) Venue: 10 Fantasia - A Creative Industries Incubator, 10, Calçada da Igreja de S.Lázaro, Macau 19:10 TDM Interview (Repeated) Admission: Free 19:40 Soap Opera Enquiries: (853) 2835 4582 20:30 Main News, Financial & Weather Report 21:00 Montra do Lilau Path and Adventure – Works by Mio Pang Fei 21:40 Miscellaneous Time: 10am-7pm (Closed on Mondays, no 22:10 The Illusionist admission after 6:30 pm) 23:00 TDM News ntil November 22, 2015 U : 23:30 Miscellaneous Venue: Macau Museum of Art, Av. Xian Xing Hai, s/n, NAPE 00:05 Main News, Financial & Weather Report (Repeated) Admission: MOP5 (Free on Sundays and public holidays) Enquiries: (853) 8791 9814

Shiwan Ceramics Exhibition cinema Time: 10am-7pm cineteatro (Closed on Mondays, no admission after 6:30 pm) 03 Jul- 8 Jul Until: July 19, 2015 Venue: Macau Museum of Art, Av. Xian Xing Hai, s/n, NAPE Admission: MOP5 (Free on Sundays and public holidays) Enquiries: (853) 8791 9814 1965 Ronald Biggs escapes from jail Tea Culture House Time: 9am-7pm daily (Closed on Mondays, open on public holidays) Ronald Biggs - a member of the gang who carried out the Great Train Robbery in 1963 - has escaped Venue: Macau Tea Culture House, Lou Lim Ioc TED 2_ Garden, Avenida do Conselheiro Ferreira de Almeida from Wandsworth prison. room 1 Biggs, 35, escaped by scaling a 30ft wall with three Admission: Free 2.30, 4.30, 7.30, 9.30 pm other prisoners at 1505 BST today. Director: Seth MacFarlane Enquiries: (853) 2882 7103 / 2858 6250 A ladder was thrown over the wall from the outside Starring: Mark Wahlberg, Amanda Seyfried, during the prisoners’ afternoon exercise session. th and th entury ortrait il Morgan Freeman 19 20 C P O Language: English (Chinese) The escapees climbed the ladder and lowered Paintings – MAM Collection Duration: 115min themselves into a waiting van. They were driven away Time: 10am-7pm from the prison in three cars. (Closed on Mondays, No admission after 6:30 pm) Terminator: genisys_ Every police car in London has been notified and all Until: December 31, 2015 room 2 ports and airports have been alerted. Venue: Macau Museum of Art, (2D) 2.30, 4.45, 9.30pm Biggs is the second of the Great Train Robbers to Av. Xian Xing Hai, s/n, NAPE (3D) 7.15 escape from jail - Charles Wilson is still at large after Director: Alan Taylor escaping from Winson Green prison in Birmingham Admission: MOP5 Starring: Arnold Schwarzenegger, Jason Clarke, in August last year. (Free on Sundays and public holidays) Emilia Clarke Detective Chief Superintendent Richard Lewis, who Enquiries: (853) 8791 9814 Language: English (Chinese) is investigating the escape, said the break-out was Duration: 120min well prepared and “was engineered without a doubt with collusion inside the prison”. JURASSIC WORLD_ He added this did not suggest prison officers had 9.30 pm been involved. Offbeat Director: Colin Trevorrow A Home Office spokesperson explained what ha- Starring: Chris Pratt, Bryce Dallas Howard ppened. He said: “At 3.05pm one of the four officers Language: English (Chinese) on duty in the yard saw a man’s head appear above USA: Amy Schumer and Aziz Ansari Duration: 124min the outside wall. to lead Oddball Comedy tour Far from the madding Crowd_ “The officer immediately rang the alarm bell and at the same time the man on the wall threw over a rope room 3 2.30, 4.45, 7.15, 9.30 pm and tubular ladder. (4 - 5 Jul) 2.30, 9.30 pm “The four prisoners immediately made for the ladder Director: Thomas Vinterberg and climbed over the top. The prison officers tried to Starring: Carey Mulligan, Matthias Schoenaerts stop them, but were stopped by some of the others Language: English (Chinese) in the exercise yard. Duration: 94min “The officers went outside and discovered a van with a platform on top parked against the wall and MINIONS_ the ladders secured to the top of the van.” room 3 Police said a green Ford Zephyr, involved in the (4 - 5 Jul) 4.45, 7.30 pm escape, had been found abandoned tonight outside Director: Pierre Coffin, Kyle Balda Wandsworth Common railway station. Language: Cantonese (Chinese/English) Police also found a loaded shotgun and a set of Duration: 91min overalls inside. An operations room has been set up inside the pri- macau tower son and the area cordoned off. People living near the 02 Jul - 15 Jul prison are being interviewed by police. Scotland Yard has warned members of the public Amy Schumer Terminator: genisys_ not to approach any of the men as they may be armed Amy Schumer and Aziz Ansari will be the headliners this 2.30, 4.45, 7.15, 9.30 pm and dangerous. year when the Oddball Comedy & Curiosity Festival hits the Director: Alan Taylor road looking for laughs. Starring: Arnold Schwarzenegger, Jason Clarke, Courtesy BBC News The tour presented by Funny or Die and Live Nation will Emilia Clarke stop at 18 cities, kicking off on Aug. 28 at Kansas City’s Language: English (Chinese) Duration: 125min Starlight Theatre. It makes stops in Illinois, Michigan, New In context York, New Jersey, Massachusetts, Connecticut, Florida, Georgia, California and Texas. Ronnie Biggs was free for nearly 40 years before he returned The other comedians will be Anthony Jeselnik, Ashley voluntarily to Britain from Brazil. Barnhill, Bridget Everett, Dave Attell, Jeff Ross, Jim Nor- He came back to the UK in 2001 aged 71, impoverished and ton, John Mulaney, Nick Kroll, Nick Thune, Nikki Glaser, weakened by a series of strokes to receive free medical treat- Rachel Feinstein, Rory Scovel, Sebastian, Tim Minchin, ment. He was immediately taken to a top-security prison to serve the “Silicon Valley” star T.J. Miller, Todd Barry and “Saturday remaining 28 years of his sentence. Night Live” performers Michael Che and Jay Pharoah. Charlie Wilson was recaptured in Canada in 1968. Tickets for the general public go on sale beginning Friday. wed 08.07.2015

th Anniversary

資訊／娛樂 INFOTAINMENT 17

YOUR STARS The Born Loser by Chip Sansom Aries Taurus

Mar. 21-Apr. 19 April 20-May 20 You’re not moving as quickly as you Your social relations are making life would like but there’s more to life sweeter — and you can overcome old than simple speed. You may need to difficulties or renew dormant bonds check in with your people for some with ease. It’s a really good time assistance if you get too far behind, for you to bring friends and family though. together.

Gemini Cancer

May 21-Jun. 21 Jun. 22-Jul. 22 This is not a good time for you You’ve got a natural charm that to flit from person to person — makes people feel fully at ease, you need to focus your energy on so make the most of it today. You someone important. That could should be able to work wonders on mean that you’re in a good space for a date or with a client — so much so relationship work. that you win big! SUDOKU Weather Leo Virgo Min Max Condition Jul. 23-Aug. 22 Aug. 23-Sept. 22 China Your stubbornness is legendary — Are you traveling now? Then you’re Easy Easy+ and on a day like today, it may cause at your best. If not, spend a little some serious issues with friends or time plotting your next getaway, Beijing 21 34 clear/cloudy colleagues. Try to see their point of because you need to escape from Harbin 19 32 clear/cloudy view, but put off any serious disputes your routines as soon as humanly for a few days. possible. Tianjin 22 33 clear Urumqi 16 30 clear Libra Scorpio Xi’an 21 33 clear/cloudy drizzle/shower Sep.23-Oct. 22 Oct. 23 - Nov. 21 Lhasa 13 23 Your cultural leanings are making You should find that someone you Chengdu 21 30 cloudy/overcast life sweeter than ever today — so thought would be a weak opponent Chongqing 34 clear enjoy music, art, theater or whatever turns out to be stronger than they 23 else comes your way. Steer a friend had appeared. Roll with it and see if Kunming 16 27 cloudy or family member in the same you can turn circumstances to your direction for added fun. advantage. Nanjing 19 24 shower/thundershower Shanghai 21 26 drizzle Sagittarius Capricorn Hard Wuhan 20 28 cloudy Medium Hangzhou 19 24 drizzle Nov. 22-Dec. 21 Dec. 22-Jan. 19 Analyze today’s big, weird problem Your kids are the center of your life Taipei 28 32 moderate rain by breaking it down into little today — if you’ve got kids, that is. If Guangzhou 25 32 cloudy chunks. They don’t look so scary, not, you may be drawn to consider and you should be able to see at least it, or just to help out with a friend Hong Kong 27 32 cloudy/shower one way to attack the problem more or relative who’s got more than they easily. can handle. world Aquarius Pisces

Jan. 20-Feb. 18 Feb.19-Mar. 20 Moscow 18 25 overcast/cloudy If you’re bored today, that’s no Your love life is still bubbling with Frankfurt 17 32 drizzle surprise — because there are no great energy — so make the most 16 surprises coming your way! Try to of it! Spend some serious quality Paris 29 cloudy/drizzle just focus on whatever is right in time with your sweetie or head out London 12 18 drizzle front of you and make your way looking for someone new. Work through the day. your magic! New York 22 28 drizzle/cloudy

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體育 SPORTS 19

Tennis A win, then a hug: Serena Williams tops Venus at Wimbledon

Howard Fendrich, London mary “Come on!” exuberance — 1988. to envelop Venus in a long hug. When a reporter made a pas- ecades ago, when On Serena’s mind, it turns out, sing reference to that, Sere- ap photo the Williams sisters was this question: How many na rested her chin on her left were kids in Califor- installments are left in this one hand and declared: “I no longer nia, taking tennis les- -of-a-kind sibling rivalry? answer questions about Grand Dsons from Dad on a municipal “I just thought, ‘Wow, I’m 33, Slams.” court and imagining playing and she just turned 35. I don’t Three of today’s men’s quar- at Grand Slam tournaments know how many more momen- terfinals are set: Roger Fede- one day, it was Venus — older, ts like this we’ll have.’ I plan on rer against Gilles Simon, Andy taller, stronger — who usually playing for years, but you never Murray against Vasek Pospisil, beat Serena. know if we’ll have the opportu- and Stan Wawrinka against Never a fan of losing to her nity to face each other,” Serena Richard Gasquet. Defending sibling — who would be? — Se- said after they walked off court champion Novak Djokovic dro- rena cheated a tad every so of- with matching red racket bags. pped the first two sets, then ten, lying about whether Venus’ “I just took the moment in, won the next two, before his shots landed in or out. and I thought, ‘We’re at Wimb- fourth-round match against “That’s the past,” Serena jokes ledon.’ I remember when I was Kevin Anderson was suspended now with an eye roll. “I was 8 years old, we dreamed of this because of darkness. They’ll young.” moment, and it was kind of sur- play the fifth set Tuesday; the As professionals, on the real.” winner faces Marin Cilic. sport’s biggest stages, Serena Venus’ take on the likelihood Until Monday, Venus hadn’t has been better, especially late- of future meetings? dropped a set, but Serena won ly. On Monday at Centre Court, “When that moment is over, Monday’s first eight points and in the 26th all-Williams contest it will be over,” she said, shru- wound up with 36 winners and on tour but first at a major in gging her shoulders. “It’s not 13 unforced errors. six years, No. 1-seeded Serena now.” “Very focused from the start. Serena Williams of the United States, left, hugs her sister Venus Williams played solidly enough to beat Serena, 36-1 this season, has Very aggressive,” said Serena’s No. 16 Venus 6-4, 6-3 and reach won 25 Grand Slam matches coach, Patrick Mouratoglou. It took until the 15th point Venus hits. the Wimbledon quarterfinals, in a row. Get past former No. “No matter who is on the other for Venus to register a winner. Other foes, of course, didn’t closing in on the third leg of a 1 Victoria Azarenka, then win side of the court, that’s Serena’s That’s also how long it took for grow up in the same home, di- calendar-year Grand Slam. twice more, and she would job — to win. For Venus, also. a spectator to draw guffaws by dn’t learn the game from the This matchup between fi- complete a self-styled “Serena But it’s not something easy or shouting, “Come on, Williams!” same instructors, didn’t travel ve-time champions at the All Slam” of four consecutive ma- pleasant against each other.” “When we’re off the court, the world for years practicing England Club was one-sided, jor championships, something The Williams’ parents and she’s Serena, my sister,” Venus with — and playing doubles done in 68 minutes. It’s Sere- she also did in 2002-03. other siblings weren’t in the said. “When we’re on the court, alongside — each other. na’s sixth win in the past seven Looking further ahead, Serena guest box, where rapper Drake she’s Serena, my opponent.” “Boy, she has a game to just matches against Venus, part of could go to the U.S. Open with sat next to Serena’s agent, and An opponent who, unlike knock anyone’s socks off,” Se- a 15-11 edge overall. When it a chance at the first true Grand singer John Legend and his most others, pounds serves at rena said about Venus. “So you ended, Serena walked calmly, Slam — four majors in a single wife, TV host Chrissy Teigen, 121 mph, as she did Monday, just have to be ready.” quietly — none of her custo- season — since Steffi Graf in sat behind Mouratoglou. and returns the 115 mph serves Serena usually is. AP

Boxing Hockey Mayweather stripped of WBO 12 teams book places in 2016 Rio title won from Pacquiao Olympics lineups ive-weight world champion FFloyd Mayweather has been stri- he International Hockey Federa- pped of the WBO welterweight belt Ttion has confirmed 12 teams which

won from Manny Pacquiao in May. archive photo qualified for the 2016 Olympic tourna- The 38-year-old failed to pay the ments in Rio de Janeiro. WBO a USD200,000 fee to adminis- Six men’s and six women’s teams ear- ter the fight by the 3 July deadline, ned places in the 12-nation Olympic BBC reported yesterday. events at Hockey World League semifi- Mayweather had been expected to nals played over the past month in Ar- relinquish the title by now, saying he gentina, Spain and Belgium. planned to do so following his points The FIH says teams confirmed in the victory over Pacquiao. men’s competition are: Germany, Ne- Fellow American Timothy Bradley therlands, Argentina, Australia, Bel- will now become the full belt holder. gium and Britain. After Mayweather defeated Pac- Women’s teams going to Rio are: Bri- quiao, he had declared he would vaca- tain, China, Germany, Netherlands, te all his titles in order to give younger Australia and Argentina. fighters the chance to win belts. Two Asian champions, India’s men and “The WBO World Championship wboboxing.com. fight in Las Vegas on 12 September, South Korea’s women, already qualified Committee is allowed no other alter- BBC said Mayweather, who still although he has yet to name the oppo- last year. native but to cease to recognize Mr holds the WBA and WBC belts at wel- nent. The Olympic lineups will be comple- Floyd Mayweather Jr as the WBO wel- terweight, has until 20 July to appeal The WBO created a vacant interim ted by October after continental cham- terweight champion of the world and against the decision. welterweight belt for the 27 June fight pionships for Pan-America, Europe, vacate his title.” said a statement on He is expected to stage one more between Bradley and Jessie Vargas. Oceania and Africa. Station Air quality THE urkish irlines plane diverted to 08.07.2015 wed T A th Anniversary BUZZ Roadside 55-75 20 New Delhi over bomb scare Moderate Turkish Airlines says an Istanbul-bound pla- was diverted to New Delhi as precaution and ne carrying 134 passengers made an emergency was being searched. High landing at New Delhi after note with the word Turkish Airlines has been plagued by bomb scares Density 75-105 “bomb” was found in a toilet, the latest in a se- recently, including five previous cases of notes fou- Residental ries of such incidents. nd in toilets that have disrupted or diverted flights, Moderate The airline said yesterday that a crew mem- reportedly costing the company millions of dollars. Area opinion ber discovered the note on Flight TK 65, some The planes were searched each time and no three hours after it took off from Bangkok. It bomb was found. Ambient 70-100 Moderate World Views dsmg source: William Pesek, Bloomberg

ap photo WORLD BRIEFS China’s bull market in conspiracy theories

China’s financial world has officially entered the ap photo paranoia zone. As the Shanghai stock market ex- periences its worst three-week rout since 1992 – in defiance of government efforts to reverse the plunge – government officials are blaming shadowy conspi- racies for the sell-off. One narrative whipped up by state-run media has nefarious overseas forces driving down shares to JAPAN The world’s oldest embarrass President Xi Jinping and stymie China’s man, a retired educator development. Another conspiracy theory suggests in Japan, dies at age 112. that rumor-mongers are driving shares lower in order to profit from short selling. That’s prompted regulators Sakari Momoi died from to pledge a crackdown on “vicious” short sellers: Just kidney failure Sunday at a ask Morgan Stanley, the recent subject of “hidden nursing home in Tokyo, said agenda” allegations by mainland media for voicing Saitama city official Aya bearish views on the trajectory of Shanghai shares. Kato. The problem is investors now recognize that A reveler falls while others run with a Jandilla’s ranch fighting bull during the running of the bulls of the San China’s years-long rally was based more on hype Fermin festival in Pamplona S KOREA Samsung than fundamentals, and they’re looking to reduce Electronics Co. forecasts a their exposure. But rather than deal with that reality, fall in second-quarter profit in Xi’s team has been feverishly resisting it, including a sign that sales of its Galaxy with interest rate cuts, a moratorium on initial public 2 Americans, 1 Briton gored S6 smartphones failed to officers, and a stock-buying fund. Beijing has shown it’s willing to throw any possible meet expectations. solution at the problem of falling stocks – but its ef- fort to blame foreigners and short sellers is a sign of in first Pamplona bull run true desperation. Data show very clearly that foreign

money managers control fewer than 3 percent of Chi- ap photo nese shares. Those overseas forces Beijing sees fit Alvaro Barrientos three was said to be in se- na, which features 24-hour to demonize? They’ve actually been adding to hol- dings as prices tumble. Short selling, meanwhile, is & Ciaran Giles, Pamplona rious condition. street partying, was made far from epidemic on Chinese markets. As of Thurs- Three other Americans famous in Ernest Hemin- day, the day before media attacks accelerated, short wo Americans and were among the eight gway’s 1926 novel “The positions accounted for just $314 million of trades on Ta Briton were gored others injured, most with Sun Also Rises” and attrac- ECUADOR Pope Francis the Shanghai exchange, less than 0.03 percent of and eight others injured bruises sustained in falls ts thousands of foreign tou- China’s market capitalization. has a whirlwind final full Shanghai’s reckoning has pundits grasping for les- yesterday as thousands of and crowd crushes during rists. day in Ecuador, with a sons from past financial crises. Much is being made, daredevils dashed along- the nationally-televised Bull runs are a traditio- Mass in the capital of Quito for example, of China’s “House of Morgan” moment. side fighting bulls through run that lasted just over nal part of summer festi- sandwiched between As Wall Street crashed in October 1929, five top fi- the streets of this northern two minutes. vals across Spain. Dozens meetings with bishops, nanciers met at the New York offices of J.P. Morgan Spanish city on the first In its first report after the of people are injured each indigenous groups and and pooled resources to support prices; on Saturday, bull run of the San Fermin run, the Spanish Red Cross year in the runs, most in university students, capped 21 Chinese brokerages did something similar, pled- by a visit to a Jesuit church. ging more than $19 billion to a stock-buying fund. If festival, organizers said. only had details of one per- falls. Monday’s events are any guide, they may have to The San Fermin press son being gored and six Two men have died re- add a zero to that sum. While shares of the largest office said a 38-year-old people injured. cently after being gored by state-run companies rose, most Chinese stocks fell

American identified only The daily run sees peo- bulls in Spanish festivals — ap photo anew, and the ChiNext measure of smaller com- panies sank 4.3 percent. by his initials, M.W.O., was ple dashing with six bulls one Saturday in the eastern China’s embrace of the blame-game has a more gored in the armpit and along a narrow, 850-meter town of Grao de Castellon recent crisis written all over it: Asia’s 1997 meltdown. a 27-year-old Californian course from a holding pen and another June 24 in the The most vocal practitioner then was Mahathir Moha- identified by the initials to the city’s bull ring. The southwestern town of Coria. mad, Malaysia’s prime minister, who blamed foreign D.M.O. was also gored. A bulls are then killed by pro- In all, 15 people have died speculators like George Soros for his country’s 30-year-old Briton with the fessional matadors in bull- from gorings in San Fermin USA The push to remove woes. Mohamad argued that Soros and his ilk, after the Confederate flag from breaking the Bank of England by shorting the British initials A.B.O. was gored in fights each afternoon. The since record-keeping began the grounds of the South pound in 1992, had turned their sights on Malaysia, the groin area. None of the nine-day fiesta in Pamplo- in 1924. AP Indonesia, South Korea and Thailand. In the years Carolina Statehouse is about that followed, officials in Manila, Taipei and Tokyo to clear its first hurdle. But regularly took aim at foreign traders with suppose- even if a bill to bring down dly sinister intentions of hurting their markets. The the rebel banner passes the relentless search for scapegoats allowed these go- The state Senate as expected, it vernments to avoid pursuing painful, but necessary faces a less certain future in economic reforms. Xinhua/Martin Zabala the House. There’s a more salient lesson Xi’s team should learn decisive moment from 1997. Just like Bangkok, Jakarta and Seoul 20 KENYA At least 14 people years ago, Beijing is supporting economic growth are killed in an attack in and asset prices by directing state-run banks awash the country’s north by al- in bad loans to lend more. Credit better marshalled into the private sector is instead being channeled to Shabab, Islamic extremist public works and industries plagued with overcapaci- rebels from neighboring ty. The only things holding China’s stimulus machine Somalia, a Kenyan official together are the closed nature of its financial system says. and a currency essentially pegged to the dollar. That was also true of other Asian countries in the Nigeria A bomb blast in 1990s – until those governments lost control of the Nigeria’s northern university narrative in markets. As more and more investors town of Zaria killed 20 people got wise to the depth of deflationary forces and pre- yesterday, the Kaduna state ponderance of unproductive investments, they fled. It governor reported, the latest wasn’t the media fueling panic, nor villainous foreign investors; it was the sudden arrival of reality – an un- in a string of deadly bombing derstanding that the fundamentals supporting asset and shooting attacks by prices were illusory. the Boko Haram Islamic This is where China finds itself today – not in the extremist group. throes of some giant financial conspiracy, but an inevitable reckoning with the realization that stocks France-UK A migrant sustained by government propaganda have nowhe- who stowed away on a re to go but down. The $3.2 trillion of losses so far truck in the Channel Tunnel will continue until Xi convinces investors he’s taking was found dead yesterday, steps to strengthen China’s economic fundamentals. disrupting travel between Unfortunately, the Chinese government still seems France and England for a more interested in battling fictitious plotters than Residents dance the tango during a protest in front of the city government building in Buenos Aires, last week. third week in a row, police grasping the real plot. The Association of Milongas Organizers held the protest against the close of tango halls by the government. and the tunnel operator said.