ON THE ROAD TO GP P6-7

FOUNDER & PUBLISHER Kowie Geldenhuys EDITOR-IN-CHIEF Paulo Coutinho www.macaudailytimes.com.mo

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N.º 3661 19 Nov 2020 HKD 10.00

URBAN PLANNING COMMITTEE SEES GAMING DEBT LEADS TWO COVID-19 VACCINES MIGHT BE HEATED DEBATE ON PRESERVATION NEARING THE FINISH LINE; SCIENTISTS OF TWO STRUCTURES WITH TO A SERIES OF CRIMES: CAUTION IT’S CRITICAL TO HAVE ‘HISTORIC VALUE’ POLICE REPORT VOLUNTEERS AROUND THE WORLD P5 P4 P10 AP PHOTO

Taiwan’s military says one of the air force’s F-16 fighter jets DIVERSIFICATION 3.1 disappeared during a nighttime training Chinese medicine, finance sectors have ‘never mission. The defense P2 ministry said the single- been this close to success,’ academics say seater plane fell off radar screens about two minutes after taking off and that the fate of the pilot was unknown. A massive air and sea search has been ordered in the area surrounding the air base in the eastern city of Hualien along the Pacific coast.

Hong Kong police arrested three former opposition lawmakers yesterday for disrupting legislative meetings several months ago, adding to concerns about a crackdown on the city’s pro- democracy camp. Posts on the Facebook accounts of Ted Hui, Eddie Chu and Raymond Chan said they had been arrested over the incidents in the legislature’s main chamber. The three separately disrupted meetings by splashing pungent liquids and other items in May and June. More on p8 AP PHOTO PHOTO AGENCY PHOTO MACAU Japan Authorities in Tokyo reported nearly 500 new cases of the coronavirus yesterday, the largest daily increase in Tokyo since Zhuhai the pandemic began, amid a nationwide spike in infections and as highlights the country discusses with Olympic officials how to safely host next new plans summer’s games. The Tokyo metropolitan government said there for regional were 493 new cases, surpassing the city’s collaboration previous high of 472 recorded on August 1. with the SAR P2 More on backpage page 2 www.macaudailytimes.com.mo MACAU 澳門 19.11.2020 thu

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POLICY ADDRESS Chinese medicine, finance sectors have ‘never been this close to success’

JULIE ZHU related to the finance industry. nment and Public Administra- In Fong’s opinion, the modern tion, Tak-Wing Ngo, thinks that

ACAU’S traditional Chine- JULIE ZHU finance industry may be more “it may not be wrong” for the go- Mse medicine industry and important than some of the ci- vernment to further develop and financial sector are said to be at ty’s other pivotal industries. invest in the Chinese medicine a time when they are “closest to In addition to this industry, and finance industries. success,” according to lawmaker the Chinese medicine industry In Ngo’s opinion, the Chinese and gaming expert Davis Fong has also never been this close to medicine industry involves len- Ka Chio. success, according to Fong, who gthy production chains consis- Yesterday, the Center for Ma- explained that many large state- ting of various stages and com- cau Studies of the University of -owned companies have already ponents, including planting me- Macau (UM) hosted a seminar announced that they will open dicinal herbs, manufacturing, on the Policy Address of 2021. A branches in Macau and in Hen- and sales. “Which component total of 12 researchers, including gqin. For example, in January, will Macau invest in, in such a lawmakers Agnes Lam and Fong, Guangzhou Pharmaceutical long production chain?” Ngo participated in the seminar. Group (Macau) International questioned. During the event, Fong indi- market, develop wealth mana- acknowledging that in order for Development Co. Ltd. was esta- Ngo further asked, “What is cated that the Chinese medicine gement businesses, and promo- this industry to be successfully blished in the city. Macau targeting while diversi- industry and finance industry of te the establishment of cross- developed in the city, Macau’s The local government has fying the economy and intro- Macau have never been this clo- -border RMB settlement centers. efforts are needed in addition to pledged to develop the Chinese ducing more industries? Is it se to success. Ho’s administration is not the the support of the Central Go- medicine industry as one of the employment, tax income or the Chief Executive (CE) Ho Iat first government to lay out such vernment, which is required for ways to diversify the city’s eco- industries?” Seng recently announced that a plan. The previous govern- Macau to establish these laws. nomy. The professor compared the- his government will expedite the ment also wanted to explore this Earlier this month, the Mone- While Fong expressed strong se two industries to the cultu- development of a modern finan- sector. tary Authority of Macau revealed confidence in the Chinese medi- ral and creative industry, which ce industry in the city. Speaking about the develop- that, in the upcoming two years, cine industry’s development in the government has “not been The CE wants to accelera- ment of the modern finance in- the local government expects to the near future, a UM professor speaking about” and which has te the establishment of a bond dustry in Macau, Fong began by amend or establish three laws from the Department of Gover- received “very small benefits.”

Mainland students no longer Zhuhai highlights need certificate of study new plans for regional experience in both SARs collaboration with Macau

JULIE ZHU However, proof is not HE Secretary of te in establishing a le- Zhuhai hopes to cons- required by all main- Tthe Municipal gal framework, a coo- truct a modern and AINLAND stu- land companies or go- Committee of the peration mechanism, international city with Mdents who have vernment departments. Chinese Communist and an investment links to Macau throu- studied, are currently Some employers also Party of Zhuhai, Guo platform, as well as in gh multiple modes studying, or will study AGENCY PHOTO MACAU have been accepting Yonghang, has descri- planning for the deve- of smart city infras- in Macau will no longer certificates issued by bed five new elemen- lopment of several key tructure. The city also need to pay a special Macau schools. Howe- ts regarding Macau- projects. plans to attract more visit to the mainland ver, many former stu- -Zhuhai collaboration, In terms of land Macau companies to government depart- dents have still chosen pledging to “try its (“new space”), Zhuhai invest in Hengqin. ments in the SAR to ob- to apply for the certifi- best” in contributing will reserve enough Regarding the “new tain proof of study ex- cate in order to ensure “what it is able to [in space for Macau to life,” Guo hopes to en- perience in the region, mainland students’ experience in the two mainland employers order] to meet the develop the SAR’s eco- courage Macau resi- according to a state- education footprint in SARs. are satisfied. needs of Macau in the nomy and facilitate the dents to live in Zhuhai. ment released yester- the two SARs. As of today, some The Ministry of Edu- upcoming years.” two cities’ coopera- In the recent Policy day by the Ministry of Previously, main- mainland employers, cation of China has of- The five elements tion. Hezhou district, Address 2021, Ma- Education of China. land students who such as government ficially suggested that include “new mecha- the Kong Gang eco- cau’s Chief Executive The same policy graduated or obtai- departments, have de- the mainland’s public nisms,” “new space,” nomic district, Har- highlighted that the applies to those who ned a diploma from termined certificates departments and com- “new city,” “new in- bor economic district, administration aims study in as universities in Ma- issued by Hong Kong panies confirm that dustry,” and “new life,” and the Wanshan sea to develop Macau well. cau and Hong Kong or Macau not to be a job candidate has as cited in a report development experi- through cultivating From January 1 2021, had to apply to the sufficient evidence of indeed studied in Ma- issued by mainland mental area will form and importing talen- the Liaison Office in aforementioned two a job candidate’s edu- cau and Hong Kong, news agency Nanfang an “extended area” of ted people, and ena- Macau and the Liaison government depart- cational background. based on graduation Daily. Macau-Guangdong bling young people to Office in Hong Kong ments for a certifica- These employers now certificates, diplomas, In regard to the cooperation. live in mainland China will suspend services te of study in order to require evidence to be enrollment offers, and proposed new me- To build a “new and participate in the for issuing certifica- prove that they had an issued by the main- official travel permits chanism, Macau and city” and thereby de- overall national deve- tes that attest to these authentic education land government. issued by the state. Zhuhai will collabora- velop new industries, lopment. JZ

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POLICY ADDRESS potential customers reduced to just 600,000 ‘local tourists,” said Ho. “It was not just us who suffe- Ho sees Covid-19 vaccine as red from the pandemic on the mainland; many industries also a way back to normality dropped due to the fall in expor- ts. Currently [in the mainland] RENATO MARQUES the primary and secondary ac- tivity sectors [namely extraction HE Chief Executive (CE), Ho of raw materials and manufac- TIat Seng, said that the eco- turing] are back to thriving, but nomic recovery of the local eco- SCHLUDI DANIEL the tertiary activity sector servi- nomy, and with it, the solution ces is also suffering,” the CE ex- for the problems and pressures plained. faced by the population, de- Nevertheless, Ho expressed pends on whether the scientific hopes that the upcoming holi- world can finally produce an ef- day season, which includes the ficient vaccine for the Covid-19. Christmas, New Year, and Lunar Ho was speaking at the Legis- New Year celebrations, will have lative Assembly (AL) during the a positive effect on local busines- plenary session organized to re- ses. ply to questions from lawmakers Replying to a question from in relation to the measures pre- lawmaker Angela Leong, Ho sented in the Policy Address re- said, “We know that we don’t port for 2021 (LAG2021), also have the borders open to Hong presented at the AL on the pre- Kong, which is a very important vious day. market. So, for the time being, Responding to a question we can only explore opportuni- from lawmaker Ella Lei, the CE ties on the mainland. We hope said, “We are all facing this pro- that over Christmas and Chine- blem. The whole world is facing se New Year, we can have more issues with labor and unemploy- tourists and receive them well, ment. The resolution of these showing we are a safe place to problems will depend on the travel to,” he concluded. [Covid-19] vaccine. If we can get a vaccine and if we can supply it Ho also hinted that the process also notes that the crisis caused to the population in Macau and of reopening the borders and by Covid-19 was the ultimate elsewhere, then we can take off allowing visitors to enter Macau warning that Macau needs to Details of Hengqin Cooperation Zone our masks and open our doors to will be progressive and will prio- readjust and stop being depen- being kept secret by central gov’t all tourists.” ritize the neighboring regions. dent on a single industry. In light ONE of the topics that had stirred In the reply to a related question on of this, Ho expressed the need for For the CE, only when there “First, we need to open [the up interest from several lawmakers the potential enforcement of trans- is an effective vaccine and if all borders] to the neighboring re- a concrete diversification of Ma- wanting to learn more about the border legislation to regulate labor people submit to take it, can we gions and stop the NAT (Nucleic cau’s economic sectors as oppo- Guangdong-Macau Deep Coopera- rights or conflicts occurring in the think about a return to norma- Acid Test) and then, progressi- sed to a mere diversification of tion Zone in Hengqin was conspicu- zone, the CE remarked, “According lity and ways to accelerate the vely, open to all the others,” he products within the tourism sec- ously left out of the Chief Executive’s to the rules, if there are conflicts, we resumption of economic activity. said, expressing hopes that pro- tor. (CE) explanations. must abide by the laws of the place “With the vaccine, the reco- cess of returning to normality “This is why I say we need to Ho excused himself from providing where the conflict occurred. We can’t very will be fast. But now [the will be catalyzed by the adminis- adjust and balance our indus- insight on this, saying, “The Coopera- produce laws that apply outside of vaccine] is still under clinical tes- tration of vaccines. tries. We already experienced tion Zone has not yet been approved our jurisdiction.” He noted that such ting and development. We need Although Ho expects that the what happens when the facili- by the central government. Only after an idea deserved some analysis and the central government approves, I study however, it is “not likely” to be to wait a little longer,” the CE ad- number of visitors will return to ties we have built to receive 40 can present here what is it about.” enforced. ded. its historically high figures, he million tourists suddenly see the

ding aggravated fraud, home and told the mo- kidnapping, and illegal ther about what had ha- retention of a document ppened. They also deci- Gaming debt leads to a series of crimes belonging to another ded to report the case to RENATO MARQUES victim traveled to Ma- stopped her from lea- room, the second man person. the girl’s school, which, cau to visit the casinos. ving the hotel room and went to the washroom. through a communica- 41-year-old woman During the trip, she met locked the door, kid- As the first suspect was MAN ACCUSED tion mechanism between A from the mainland a man who requested a napping her. not in the room at the OF SEXUALLY schools and the PJ, filed a has faced serious com- loan from her later that A second suspect then time, the victim mana- HARASSING SCHOOL GIRL complaint. plications after lending day, asserting that all his appeared, having been ged to escape and call A 55-year-old restau- The PJ initiated an in- HKD200,000 to a man, money was locked in his called by the first sus- for help from the autho- rant waiter has been ac- vestigation and, through also from the mainland, hotel room safe box. pect, in order to ensure rities. cused of sexually haras- street surveillance ca- whom she met on an air- The woman lent him that the woman would Upon commencing sing a 14-year-old school- mera footage, found and plane while traveling to HKD200,000 and toge- not leave the room. investigations into the girl, the PJ reported. identified the suspect. Macau. ther they played for arou- At around 8 p.m. the case, the PJ verified that The case occurred On the evening of No- According to a report nd two days until they next day, the woman the suspects had already on November 9 around vember 13, the PJ loca- from the Judiciary Police both lost all their cash. claimed she was starving left Macau. noon when, after classes ted the suspect at his (PJ) during yesterday’s On November 3, the and needed to eat. The On November 17, had finished, the girl was workplace and took him regular joint press con- woman went to the man’s first suspect permitted when the first suspect heading home, walking in for questioning. ference from the police room to request repay- her to eat in a food and attempted to reenter Ma- by the Avenida de Horta The man told the PJ forces, the woman fell ment of the money she beverage venue at the cau, he was detained by e Costa. that he was careless and victim to a scam invol- had loaned him, but hotel on the condition the immigration autho- According to the vic- that the contact with ving kidnapping and her the man said he had no that she would be escor- rities and handed over to tim’s report, the man was the girl was unintentio- losing possession of her way to repay her. This ted at all times by the se- the PJ. He was presented walking behind the vic- nal. Nevertheless, the travel document, the PJ sparked a conflict, and cond man, and hand her to the Public Prosecu- tim when he suddenly PJ has stated that it has spokesperson said. the woman said she wou- travel document over to tions Office (MP) on the touched the victim’s but- evidence of the haras- The case goes back to ld seek police assistance. the first suspect. same day and charged tocks. sment and has forwar- November 1, when the The suspect then After returning to the with three crimes, inclu- The victim rushed ded the case to the MP. www.macaudailytimes.com.mo page 5 thu 19.11.2020 澳門 MACAU

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It also has a western shop- -house style with details of Chi- nese architectural style incor- porated. The architect remarked that the building is the only re- maining one of its kind across the city. Taking a step back, both Lui and Chan proposed that the fa- çade be preserved in the worst- -case scenario. Another member, architect Omar Yeung, said that, using Pa- ris as an example, old and new buildings can be juxtaposed, as long as the new ones are blended into the new ones. However, he also noted that it takes time and resources. In relation to blending old bui- ldings with new developments, some members raised the Banco Nacional Ultramarino Building on Avenida da Almeida Ribeiro as an example of “organic inte- gration.” The IC pledged that before deconstructing any structures which cannot be kept, a process of digital documentation will be conducted to retain records of the structures and styles. The committee also discussed two facilities for public use, na- mely the Central Kitchen Waste and Grease Treatment Facility as well as the reconstruction of the Meteorological and Geophysical Bureau’s building. Urban Planning Committee sees Regarding the draft of the kit- chen waste handling facility, whi- ch will be located near the Macau International Airport, a member heated debate on preservation of the committee was concerned about the environmental impact ANTHONY LAM continuous peripheral wall and architect Lui Chak Keong and ur- entrance and façade to the ori- of the project. She asked the En- the façade of the original mansion. ban planner Chan Chio I, said that ginal mansion are still present. vironmental Protection Bureau PINIONS were divided The second plot measures 46 it has significant historic value to Meanwhile, he questioned the (DSPA) to explain its work on the – even spatially – at an square meters and is located on Macau because it is the only re- fact that the IC has reconstructed environmental impact of that Urban Planning Com- Rua dos Mercadores. The entire maining Xiguan or Lingnan styled many valuable turquoise porce- project. mittee regular plenary building still exists, with the grou- garden in Macau. lain structures in the name of con- Evaluation of the environmen- Omeeting yesterday regarding the nd floor being used by a Chinese Although only the wall remains, servation. tal impact of the project will be extent of the preservation of two cakeshop bearing a Hong Kong it embodies the Southern Chinese Indeed, the IC has used new conducted, the DSPA representa- structures with “historic value,” as brand. The entire building has and Cantonese noble architectu- concrete to fix the three deteriora- tive promised, and there will be a some members described them. been painted pink. ral fashion from the Qing Dynasty, ting arches at the Ruins of St Paul’s, waste management facility with Located on Avenida do Colonel Opinions came from both si- the last in Imperial China. which was a granite structure. a capacity to handle 220 tons of Mesquita and Rua dos Mercado- des, not only ideologically but The Cultural Affairs Bureau (IC) Some members suggested re- waste, and a wastewater facility res, both structures are now priva- also spatially. It was unclear if the supported the description, but ar- locating the façade into the lobby able to handle a maximum of 420 tely owned. Development plans, members were seated freely or gued that the only valuable part of the new development, for ins- cubic meters of liquid. however, must obtain the green according to an arrangement, as of the wall is the one facing the tance, as a contingency preserva- The representative also pled- light from the committee, among comments supporting and ob- school, now covered with glass tion measure. ged that all designs will abide by other government entities, before jecting to the preservation of the panels for the protection of its de- The pink building on the Rua environmental protection requi- kicking off. two projects coincidentally were licate and detailed patterns. dos Mercadores is an embodi- rements. The first land plot, which sat on raised from opposing sides of the It even argued over whether the ment of a modern urban planning As for the latter project, the the corner adjacent to the Saint U-shape meeting setup. walls can still be considered relics effort in the early 20th century, DSPA has added to the 12,903 John De Brito School, measures Members supporting the pre- when restored and retained. as introduced by Lui. Before that, sqm project a requirement for 786 square meters. The only re- servation of the Avenida do Colo- Lui responded that not only structures in Macau were liberally the assessment of its environ- maining structure on the site is a nel Mesquita structure, including an entire wall, but also the main stippled. mental impact.

Planning Condition Dia- gram for the project, which CCEC to build elderly housing project for MOP2.1b will include 1,800 housing units, public carparks and HE Elderly Housing government has recently cost of nearly MOP2.1 dules atop other modules Planning Committee on power facilities. Tproject, encompassing announced. billion. The work is ex- in a similar manner to in- May 20 this year, the pro- All residential units will a new type of public hou- Without opening a pu- pected to conclude in 860 terlocking plastic brick toys. ject will be built on a land be studio condominiums sing specifically designated blic tender, China Cons- working days. The construction com- plot measuring more than and available for rent to for senior residents in Ma- truction Engineering (Ma- The government disclo- pany is clearing up any 6,800 square meters. Eight senior residents. Specific cau, will see its first cons- cau) Company Limited sed that the two towers will existing materials at the days after its passage by layouts and facilities will truction project located (CCEC) has been appoin- be built in the manner of site in preparation for the committee, the Land, be implemented, such as on Avenida do Nordeste in ted to the construction modular integrated cons- construction. Public Works and Trans- service points and hemo- the Northern District, the work, with an estimated truction, which stacks mo- Passed by the Urban port Bureau issued the dialyzers. AL page 6 www.macaudailytimes.com.mo MACAU 澳門 19.11.2020 thu

MACAU’S LEADING NEWSPAPER

ON THE ROAD TO GP FORMULA 4 The first step into the limelight RENATO MARQUES

N a year where the Covid-19 pan- Idemic has disrupted the lives of everyone no matter where they are located, turning traveling into an exhausting task or rendering it an impossibility, motorsports and other worldwide sporting events were forced to either cancel or ad- just. One of the most significant ad- justments concerning the was the replacement of the iconic Formula 3 (F3) race with a Formula 4 (F4) race. Not as recognized as the other higher racing categories, such as F3, F2 and F1, the F4 and its re- presentatives will have a golden opportunity to gather some atten- tion during the local GP. The Fédération Internationale de l’Automobile (FIA) Formula 4, also called the FIA F4, is an open- -wheel racing car category intended for junior drivers that are starting out in the world of motorsports. Unlike the higher racing categories, the F4 does not have a global cham- pionship, but has individual coun- try or regional championships or- ganized in compliance with a set of common rules and specifications In its initial years, the F4 cham- capped at 160 brake horsepower terest in many countries and regions. In March this year, FIA’s World sanctioned by the FIA. pionships followed the single-make (bhp). A total of 17 different championships Motor Sport Council (WMSC) dis- As an entry level racing category, category format for both chassis Since FIA’s purpose was to keep have been held all over the globe. cussed and approved the homo- the F4 was created to cater to very and engines before the rules chan- participation costs as low as possi- Created in in 2015, the cars in logation of the second generation young drivers looking for oppor- ged to allow different chassis manu- ble, the regulations include a lasting the F4 China championship that (Gen2) F4 cars which, among other tunities to move from racing in facturers and engine suppliers. range of engines and most me- will race in Macau, use chassis from technical changes, will include karting categories to formula cars. Currently, there are three chassis chanical parts of at least 10,000km French constructor , powe- the same driver crash-protection Most of the time, this is impossible manufacturers (Dome, Mygale, and and a maximum cost of €9,500 red by a Chinese-made 2.0 litre Gee- system used in other open-wheel due to the great difference in bud- Tattus) and five engine suppliers (MOP90,000). ly G-Power JLD-4G20 engine. racing series. Known as “halo,” a get and skills needed to proceed to (Geely, Volkswagen, Tom’s, Ford, The cost of cars competing in protection bar is placed above the the F3 category. and Abarth) registered with the FIA this category should not be over MACAU MAY BE THE LAST cockpit to protect the driver’s head. The F4 category was officially for this category. €30,000 (MOP284,000) and the cost RUN FOR F4 GEN1 CARS According to the WMSC’s reso- created after the FIA’s World Motor The F4 category authorizes se- of a full racing season should not ex- The debut of the F4 in the Ma- lution, the Gen2 cars will be intro- Sport Council approved it in 2013. veral engine displacements, as ceed €100,000 (MOP946,000). cau GP will likely be the last run for duced as early as 2021. The first F4 championship organi- long as they are four-cylinder units Since its first championship in first generation (Gen1) cars before The WMSC said in a statement, zed a year later in Italy. with their maximum power output 2014, the F4 has gathered a lot of in- they retire. “All F4 championships are granted

Famous F4 winners GP TRIVIA

IN 2014, Canadian racing driver Lance Stroll, who currently competes in Formula One for Racing Point, won the Italian F4 Championship. Stroll has been racing in the higher category of automobile racing since 2017 when he debuted in the competition with the Williams F1 team. The following year, British driver Lando Norris won the British F4 Championship. Norris is currently racing in the Formula One category with McLaren. Richard Verschoor become famous by winning last year’s F3 race in Macau. In 2016, the Dutch racer was champion of not just one, but two F4 Championships, the Northern European Zone, and the Spanish F4. Estonian Jüri Vips is another well-known name on the streets of Macau. As the polesitter in last year’s F3 Grand Prix in Macau, Vips lost the final race to Verschoor, finishing second. In 2017, Vips was the championship winner of the German F4, a performance that opened the doors in F3 for him. RM Lando Norris Lance Stroll www.macaudailytimes.com.mo page 7 thu 19.11.2020 澳門 MACAU

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GT CUP From vision to reality, speeding in a circuit like no other STAFF REPORTER So far, the team has garne- in these two places has been centration, speed and competi- red over 30 championships. In a key impetus for the nation’s tiveness from the racer. HRIS Chia had dreamt 2019, it was named the Annual motorsport business, which “The circuit literally allows of this moment for so Team Champion in the China now Chia describes as “fully re- no room for errors. As the lane long — the time he GT Championship. Shortly af- covered”. is so slim, a small mistake can would make his first ter that, the team represented Despite having so much ex- thrust you into fencing on ei- Cappearance as a racer in the China at the FIA Motorsport perience and so many cham- ther side, which would result Macau Grand Prix. Games (GT Cup) held in Italy pionships, Chia has been in damage to the car and you Sitting in a café in MGM Co- last year, where they secured a humble about his success. He being pulled out of the game,” tai yesterday afternoon, Chia global standing of No.5. said he would be gratified if he he said. recounted his enthusiasm for The Macau Grand Prix, in could receive a trophy on the Prior to the Macau GT Cup, motorsports, which was kind- its 67th edition this year, will stage, no matter what his final which he will race with his Mer- led for the first time while wat- take place in the city between standing is. cedes-AMG GT4, Chia will be ching the Grand Prix in this city November 20-22, and will be Being a first-timer on the given a chance to zip through as a child. Chia’s first race since the ou- Guia Circuit, widely considered the circuit in the free practice Against the backdrop of tbreak of Covid-19. the most difficult course in the scheduled this Friday by the or- dolphins gliding in the air at The city’s famed automobi- world, Chia has to make sure ganizer. the Spectacle in the hotel, the le competition will also be the that he and his team are well He will be given two rounds award-winning racer exuded a very first race for many other geared up for the formidable of 30-minute trials on the route great degree of composure and racers who hail from China, challenges of the route. with all the other racers. Within self-assurance whilst relating Macau, Hong Kong, and In terms of preparatory the limited time, he is tasked his career. The tranquility of his post-pandemic. works, he and his team have with getting acclimatized to the surroundings and Chia’s calm The Covid-19 pandemic has dug into the video clips of the road geography, inspecting it, tone made it hard to imagine dealt a huge blow to the global Macau Grand Prix over the past and advising his team to make that he was going to compete in racing industry. A whole slew three years, from which they adjustments accordingly. one of the world’s most challen- of international matches were collected and analyzed the data Chia’s team of 50 people – ging circuits just days later. either called off or postponed of racers and their finishing ti- which is comprised of himself, “Macau Grand Prix is a reve- due to the pandemic. mes, in a bid to become more another racer, Hao Wang, 20 or red race to me. It is a ‘pilgrima- Chia acknowledged that familiarized with the route that so technicians, 6 administra- ge’ I think every professional ra- he was also bewildered by the even he has not yet had a chan- tive staff and 10 of the team’s cer should make in their lives,” pandemic fallout, especially in ce to zoom through. loyal followers – is sponsored a transition period to use the cur- he told the Times in an exclusi- the first half of 2020 when the What makes Guia Circuit, by MGM in this year’s Grand rent F4 car until the end of 2023, ve interview. global industry had located at the southeast of Ma- Prix. with the technical and homologa- Chia is a stellar racer under come to a standstill and his cau Peninsula, so difficult is “It is a blessing to have an tion regulations for the first and se- Phantom Pro Racing, a motors- team’s finances were weake- that it is a with a opportunity to race in a city cond-generation F4 car remaining port racing team founded in ned. total of 6.2km of narrow lane. It that is virus-free, so that we valid in parallel. This completes the 2018, which has swiftly vaulted But as the year of 2020 has is spotted with a tricky combi- don’t have to be distracted by introduction of the halo through to fame owing to its singular entered its second half, China nation of twists, turns and long the contagion risk and can cen- the entire FIA Single Seater Pyra- track record in both national and Macau have held the virus fast drags. Acing the course ne- ter our focus on the practice,” mid.” and international matches. in check. The stability regained cessitates a high degree of con- Chia said. The introduction of the safety device was presented for the first time last year during the inaugural event of the FIA Motorsport Games. At the time, a brand new version of the F4 car was presented to the public by Hong Kong-based racing team KCMG. This new F4 also featured other significant changes, namely the move from a common petrol en- gine to a hybrid-drive power unit (similar to the one currently used in F1). The KCMG car was powered by an Abarth 1.4 L turbocharged engi- ne, capable of delivering 176 bhp. An extra 10% of electric power was added via a Magnetti Marelli hybrid Motor Generated Unit (MGU). The MGU delivers an additio- nal 12 kW of power by harvesting energy from a superconductor when heavily braking and can be deployed under acceleration. According to the engineers that created and tested the system, it can deliver on average 3 to 4 km/h of additional speed each time it is used.

FRIDAY: Q&A with local F4 driver, Charles Leong page 8 www.macaudailytimes.com.mo CHINA 中國 19.11.2020 thu

MACAU’S LEADING NEWSPAPER

HONG KONG this day in history

1986 Soviets launch space Former lawmakers who station Mir The Soviets have ope- ned a new phase in space exploration with the laun- disrupted session arrested ch of the world’s biggest space station, Mir. The successful launch

AP PHOTO of Mir comes just over three weeks after the American space shutt- le Challenger disaster, in which seven astronauts died. At next week’s Com- munist Party congress in Moscow the Mir project is likely to be hailed as proof that the Soviets are leading the peaceful exploration of space. Mir, which means both peace and world in Russian, is intended to provide a base for a permanently manned complex orbiting the Earth. It succeeds the Soviet Salyut models, the last of which, Salyut 7, was launched in April 1982 and is still in orbit. The Americans also had a space station, Skylab, which suffered damage on its initial launch and eventually pro- ved too costly to maintain and fell back to Earth in 1979. Soviet officials say their new craft represents the tran- sition from research to large-scale production activities in space. The station has six docking stations, which means other modules or laboratories can be added to it, ex- panding its size and capability. The deputy head of the Soviet cosmonaut training centre, Alexei Leonov, said it would only be possible to determine how long Mir would remain in orbit after it had completed its first flight. He said the cosmonauts, now taking part in a special training programme, would have separate cabins with Ted Hui (right) was released on bail later yesterday windows and even individual desks and armchairs. Mr Leonov explained that Salyut 7 was too small for the plans now being implemented by Soviet experts. ZEN SOO, HONG KONG in response to demands on bail later yesterday, said returned to China in 1997. for more democracy. They it was “ridiculous” that the The arrests of the ex- It has only two docking stations and can support a ONG Kong po- say authorities are des- police were using crimi- -lawmakers is the latest crew of only three, whereas Mir can carry between six and ten people. lice arrested troying the autonomy pro- nal procedures against in a string of arrests in re- The main work of the first cosmonauts on board Mir three former mised to the city, a global lawmakers based on what cent months. Earlier this will be to continue with the experiments in materials opposition financial center with grea- they say or do in the legis- month, seven former and processing, begun on Salyut 6 and 7. Hlawmakers yesterday for ter freedoms than main- lature. sitting members of the Other activities will include observation of the Earth pro-democracy camp — disrupting legislative mee- land China. “This only shows to all using high-powered cameras, as well as helping loca- tings several months ago, The three former Hong Kong people and including Chu and Chan te mineral deposits on Earth and monitor the seas for adding to concerns about lawmakers disrupted to the world that this re- — were arrested over an trawlers. a crackdown on the city’s meetings debating a now- gime is a tyranny, that its earlier chaotic legislative pro-democracy camp. -approved ordinance that persecution against dissi- session on May 8. Courtesy BBC News Posts on the Facebook criminalizes any insult dents, against opposition, During that meeting, accounts of Ted Hui, Ed- to or abuse of the Chine- against democratic legis- scuffles broke out between die Chu and Raymond se national anthem, the lators has never stopped. the pro-Beijing and pro- Chan said they had been “March of the Volunteers.” It’s been non-stop prose- -democracy camps as they In context arrested over the inciden- On May 28, Hui rushed cution against us,” he told debated who would presi- ts in the legislature’s main to the front of the legislatu- reporters. de over a committee that The first crew arrived on board Mir on 15 March 1986 chamber. The three sepa- re, dropping a rotten plant Chu and Chan quit the oversees bills. The pro- and it remained more or less continuously occupied until November 2000. Crew member Valeri Polyakov stayed up and attempting to kick it at legislature in protest after -democracy lawmakers rately disrupted meetings a record 439 days. by splashing pungent li- the body’s president. Chu Hong Kong leader Carrie arrested were accused of The end of the Cold War marked a new era of space quids and other items in splashed a bottle of liquid Lam postponed legislative rushing the chairperson’s co-operation. May and June. in the legislature. elections by one year, ci- desk, bumping into securi- In September 1993 US Vice-President Al Gore and A Hong Kong police sta- One week later, Chan ting the coronavirus pan- ty guards and throwing Russian Prime Minister Viktor Chernomyrdin announced plans for a new space station, which would later be called attempted to approach the demic. sheets of paper from the tement said they arrested the International Space Station, or ISS. three former lawmakers front of the chamber with The pro-democracy public gallery. In preparation for this new project, the US became more on suspicion of con- a pot of pungent liquid hi- camp criticized the pos- Last week, 15 pro-de- closely involved with Mir. tempt in the legislature dden in a paper lantern, tponement as an attempt mocracy lawmakers resig- From March 1995 seven US astronauts consecutively and intent to cause harm but dropped it after he by the pro-Beijing gover- ned en masse after Beijing spent 28 months on Mir, during which time the spacecraft suffered a number of emergencies included a large fire was stopped by security nment to thwart its effor- passed a resolution that to others. The statement on 23 February 1997 and a collision with an unmanned did not identify them by guards. On the same day, ts to win a majority in the led to the disqualification cargo ship on 25 June 1997. name. Hui splashed some liquid elections, which had been of four of their collea- Mounting costs contributed to the decision to bring down Pro-democracy at the front of the legisla- slated for September. gues. Hui and another Mir. lawmakers and activists ture and was escorted out. The opposition lawmaker, Claudia Mo, left While Mir contributed little in the way of scientific advanc- es, it did allow scientists to learn more about how astro- Emergency services lawmakers also said the their posts immediately, have accused the Hong nauts can survive in space for long periods of time. Kong government and the were called to the venue, postponement breached while the others are expec- Mir remained in space until 23 March 2001, during which central Chinese govern- and several pro-Beijing the Basic Law, Hong Kong’s ted to stay on until Dec. 1. time it orbited the Earth more than 86,000 times. ment in Beijing of tighte- lawmakers reported fee- mini-constitution, which The resignations will leave It re-entered the Earth’s atmosphere near Nadi, Fiji, and ning control over the se- ling unwell. came into effect after the the body with virtually no what remained of the 135-tonne craft fell into the South Pacific Ocean. mi-autonomous territory Hui, who was released former British colony was opposition voice. AP www.macaudailytimes.com.mo page 9 thu 19.11.2020 資訊／娛樂 INFOTAINMENT

MACAU’S LEADING NEWSPAPER

YOUR STARS The Born Loser by Chip Sansom

Aries Taurus

Mar. 21-Apr. 19 Apr. 20-May. 20 Your efforts will be rewarded Get promises in writing or you handsomely. You will find that will be disappointed. You may superiors may not see situations have to take a short trip to visit as you do. You should want to someone who hasn’t been well. feel good about yourself and your You should be putting in some goals. overtime.

Gemini Cancer

May. 21-Jun. 21 Jun. 22-Jul. 22 Problems with colleagues are Opportunities to learn important likely. You can enhance your information will surface through reputation if you treat family and discussions with peers or friends with respect and dignity. seminars you attend. You will be You will be highly sensitive to entertained and intrigued by the comments made by your lover. logic foreigners possess. SUDOKU WEATHER Leo Virgo MIN MAX CONDITION Jul. 23-Aug. 22 Aug. 23-Sep. 22 Easy Easy+ CHINA You will find it easy to learn and Take a trip or just spend some Beijing 10 cloudy excel. Remember; talk to them, quality time with your mate. Be 4 not at them. Your uncanny sure that you have all the facts Harbin -5 -3 heavy snow insight will help you make the before you take action. Someone right choices. Be careful while may be trying to take advantage Tianjin 5 10 cloudy operating a vehicle or any kind. of you. Urumqi -8 -3 clear Xi’an 14 cloudy Libra Scorpio 6 Lhasa -3 14 clear Sep.23-Oct. 22 Oct. 23-Nov. 21 Chengdu 13 19 clear Changes to your self image will Don’t count your chickens before Chongqing 16 21 cloudy be to your benefit as long as you they hatch. Travel is evident, but don’t over pay. Someone close be cautious while in transit. You Kunming 9 22 clear to you may need help. You can can avoid hassles by sticking to Nanjing 19 shower make money but not through your work and refusing to get 15 harebrained schemes or gambling. involved in gossip or idle chatter. Shanghai 18 23 drizzle Wuhan 13 17 clear Sagittarius Capricorn Medium Hard Hangzhou 18 23 drizzle Nov. 22-Dec. 21 Dec. 22-Jan. 19 Taipei 21 27 clear Offers of joint ventures are likely. You will have difficulties spreading Guangzhou 23 30 cloudy Don’t bother trying to make yourself between your work and someone you live with see your your home. Observations will be Hong Kong 23 28 cloudy point of view. Someone you live far more productive. You will be with could be frustrated and prone to carelessness that could upset. result in accidents. WORLD Aquarius Pisces Moscow -2 0 sleet Frankfurt 8 12 drizzle Jan. 20-Feb. 18 Feb.19-Mar. 20 Paris 8 15 drizzle You can come up with ways of You should be doing something earning extra cash. You may not special with children. You will London 8 13 clear see your situation clearly. Get help have to control the way you feel. setting up a reasonable budget. Travel and communications will New York 0 2 cloudy Look into ways of making extra not run as smoothly as you had cash. hoped.

CROSSWORDS USEFUL TELEPHONE NUMBERS

ACROSS 1- Passover meal; 6- Cosecant’s reciprocal; 10- Spar; 14- Aggregate of qualities that make good character; 15- Garden spot; 16- ___ breve; 17- Pertaining to the small intestine; 18- Pull apart; 19- Oscar winner Patricia; 20- Person with a flat, say; 22- Odoriferous; 24- CD earnings; 26- Mantra; 27- Cleansing preparation; 31- Shelter; Emergency calls 999 Taxi 28 939 939 / 2828 3283 32- Fortune-telling cards; 33- Silent; 36- Downcast; 39- Violist’s clef; 40- Watch over; 41- Accent; 42- Fish eggs; 43- ___ having fun yet?; 44- Sweatbox; 45- Ottoman official; Fire department 28 572 222 Water Supply – Report 2822 0088 46- Pure; 48- Take as an affront; 51- Musical aptitude; 52- Restore confidence; 54- Hired killer; 59- “______sprach Zarathustra”; 60- Final; 62- Sao ___; 63- Jury member; 64- Apex, PJ (Open line) 993 Telephone – Report 1000 pinnacle; 65- Prufrock’s creator; 66- Exam used to measure aptitude or intelligence; 67- Hwys.; 68- Sad song; PJ (Picket) 28 557 775 Electricity – Report 28 339 922

DOWN 1- Travel on water; 2- Author ___ Stanley Gardner; 3- Barely passing grades; 4- JFK PSP 28 573 333 Macau Daily Times 28 716 081 postings; 5- Proof of purchase; 6- A collection of articles; 7- It’s a thought; 8- Approaches; 9- Registered; 10- Contrive; 11- Prince Customs 28 559 944 Valiant’s wife; 12- Killed; 13- Bath powder; Yesterday’s solution 21- Brian of Roxy Music; 23- Champagne S. J. Hospital 28 313 731 name; 25- Close-fitting hat for women;

27- Toronto paper; 28- Head light?; 29- Crossword puzzles provided by BestCrosswords.com Kiang Wu Hospital 28 371 333 Commedia dell’___; 30- Cattle call; 34- Motor City gp.; 35- Peace goddess; 36- Go bad; Commission Against 37- Editor Wintour; 38- Distribute cards; 40- Grainy; 41- 19th letter of the Greek alphabet; Corruption (CCAC) 28326 300 43- Matures; 44- Zebralike; 45- Catalog; 47- Satisfied sound; 48- Noted Civil War IAM 28 387 333 biography; 49- Lets up; 50- Area of land; 52- Engrossed; 53- Salinger girl; 55- Anklebones; Tourism 28 333 000 56- The Ghost and Mrs. ___; 57- Sleep like ___; 58- Short letter; 61- French possessive; Airport 59 888 88

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MACAU’S LEADING NEWSPAPER

with a cold virus, or adenovirus, HEALTH that normally infects chimpan- zees. Studies of tens of thousands of people are underway in the Volunteers still needed to test U.K., U.S. and several other coun- tries. Johnson & Johnson is using a variety of Covid-19 vaccines human adenovirus for its version, and is the only option in advan- WO COVID-19 vaccines might ced U.S. testing aiming to show Tbe nearing the finish line, but if a single dose rather than two scientists caution it’s critical that AP PHOTO would be enough. enough people volunteer to help China’s government authori- finish studying other candidates zed emergency use of CanSino in the U.S. and around the world. Biologics’ adenovirus shots in the Moderna Inc. and competitor military ahead of any final testing. Pfizer Inc. recently announced Russia likewise began offering an preliminary results showing their adenovirus vaccine ahead of late- vaccines appear more than 90% -stage tests. effective, at least for short-term protection against COVID-19. PROTEIN VACCINES If those early results hold up Novavax makes its vaccine and U.S. regulators agree the candidate by growing harmless shots are safe, emergency use copies of the coronavirus spike of small, rationed supplies cou- protein in the laboratory and pa- ld start in late December. Other ckaging them into virus-sized na- countries with contracts for early noparticles. doses would undertake their own There are protein-based vacci- reviews. nes against other diseases, so it’s But multiple vaccines will be not as novel a technology as some needed to meet global demand and Drug Administration allows sults prove that’s enough to gene- vaccines for people, so scientists of its competitors. Novavax has and help end the pandemic, rai- emergency use. But no one knows rate “a protective response,” Fau- had no idea if or how well the CO- begun a large final-stage study in sing concern that studies that still how long protection would last, ci said. “Conceptually this looks VID-19 candidates might work. Britain, and is set soon to begin need to sign up thousands of vo- meaning those studies also must good” for other spike-focused Both manufacturers are another in the U.S. lunteers could run short if people continue to track recipients so- vaccines made in different ways. working to scale up production wait for an already OK’d option mehow. Here’s a scorecard of the fron- in factories in the U.S. and Euro- KILLED VACCINES instead. “It’s one thing to be effective trunners in the global vaccine pe. They can’t simply partner with Spike-focused vaccines aren’t “We don’t want to see that ha- two months after your last vac- race: other vaccine companies to take the only option. Making vaccines ppen,” said Dr. James Cutrell, an cination and another thing to be on some of the work because the by growing a disease-causing vi- infectious disease expert at UT effective a year” later, said Dr. Jes- GENETIC CODE VACCINES technology is so different than rus and then killing it is a tried- Southwestern Medical Center in se Goodman of Georgetown Uni- The Moderna-NIH vaccine and the way most of today’s shots are -and-true approach — it’s the way Dallas. versity, a former director of the the candidate developed by Pfizer made. Jonas Salk’s famed polio shots Supplies aside, other COVID-19 FDA’s vaccine division. “It’s going and its German partner BioNTech “It is not a very easy or quick were made. vaccines under development may to be really important to complete aren’t made with the coronavirus swap,” said Moderna CEO Sté- China has three so-called work differently in different popu- these clinical trials and the trials itself, meaning there’s no chance phane Bancel. “inactivated” COVID-19 vaccine lations and “we likely will benefit of the other vaccines so we can anyone could catch it from the candidates in final testing in se- from having a menu of vaccine make comparisons.” shots. TROJAN HORSE VACCINES veral countries, and has allowed options,” Cutrell said. The promising Moderna and Instead, the vaccines are made A different way to target the emergency use in some people “We still need volunteers,” Pfizer news bodes well for some with a brand-new technology that spike protein: Use another, har- ahead of the results. An Indian stressed National Institutes of of their competitors, said Dr. injects a piece of genetic code for mless virus to carry the spike company is testing its own inacti- Health Director Francis Collins, Anthony Fauci, the U.S. govern- the spike protein. That messenger gene into the body. Once again, vated candidate. urging Americans to sign up. ment’s top infectious disease ex- RNA, or mRNA, instructs the body the body produces some spike Safely brewing and then killing Additionally, participants in pert whose team at NIH helped to make some harmless spike protein and primes the immune the virus takes longer than newer the Moderna and Pfizer studies develop the Moderna candidate. protein, enough to prime the im- system. technologies. But inactivated vac- who originally got dummy shots Those shots target the “spike” mune system to react if it later en- Britain’s Oxford University and cines give the body a sneak peek would almost certainly be offered protein that studs the surface of counters the real virus. AstraZeneca are making their ver- at the germ itself rather than just the real vaccine if the U.S. Food the coronavirus, and the early re- There are no licensed mRNA sion of this “viral vector” vaccine that single spike protein. AP

CORPORATE BITS Melco shows support for local SMEs in times of crisis Experts from Alibaba, Douyin to help SMEs thrive at Wynn’s event has become all the more im- merce marketing and social portant. Through the event, media marketing. Melco wished to support local Following that, there will SMEs, especially those who also be a procurement part- engage in new industries of nership meeting. According local production and manu- to a statement issued by the facturing. gaming operator, it will allow The gaming operator set participants and representa- its sights on generating new tives of local suppliers to have business opportunities for meetings with procurement local SME suppliers. “We look specialists of Wynn to explo- forward to working with Ma- re collaboration potential. cau’s design talent, our com- A round-table forum will be munity partners, associations, held as well. Victor Mak, Lead local suppliers & manufac- Wynn Resorts (Macau) S.A. cilitate technology develop- Solution Architect at Alibaba Melco Resorts & Entertain- ded the event, where they turers on current and future will host the “Wynn E-Com- ment in the business sector. Cloud Intelligence Interna- ment mounted an event yes- will be given an opportunity projects as we work together merce Forum and Local SME At the forum, represen- tional Macau, and. Xu Jia, Se- terday in a bid to provide and to showcase their products to contribute to Macau’s di- Procurement Partnership tatives from Alibaba Cloud nior Director of E-Commer- call for support to the city’s and services in the business versified development,” said Meeting 2020” on November and Douyin will communica- ce at Douyin, will share their small and medium enterpri- matching session. Geoffrey Stuart Davis, Execu- 25, which is intended to help te market trends with local knowledge and experience ses (SMEs). In times of health crisis, tive Vice President and Chief local SMEs exchange inno- SMEs, and help them hone of cloud technology and Over 170 local SMEs atten- economic diversification Financial Officer of Melco. vative business ideas and fa- their capabilities in e-com- e-commerce. www.macaudailytimes.com.mo page 11 thu 19.11.2020 體育 SPORTS

MACAU’S LEADING NEWSPAPER

further after the last games and this year, which has been gene- rally difficult,” Löw said of a sche- Germany’s shocking loss in Spain dule that has been complicated by the coronavirus pandemic. “Now we’ve had to take a real setback. We’ll have to see how we deal with confirms national team’s decline it among the coaching staff. Un- fortunately we don’t have the op- CIARÁN FAHEY, BERLIN tion of working with the players, to train or to play a game.”

SPAIN 6, GERMANY 0 AP PHOTO Germany played three games in October and three in Novem- ERMANY’S 6-0 thrash- ber, and the team is arguably wor- ing had been coming se off now than it was before. for some time. At no stage since Germany’s The team coached World Cup exit in 2018 has the Gby Joachim Löw has been in de- team shown signs of progress, and cline since losing to France in the there are fears now of another de- European Champions semifinals bacle at next year’s postponed Eu- in 2016, and the slide arguably ropean Championship. Germany started before that, after the World has been drawn in a group with Cup win in 2014. France, Portugal and Hungary. Löw was supposed to reinvigo- There are questions about rate the squad with fresh young ta- Löw’s suitability to lead the chan- lent after Germany’s woeful World ge after 189 games in charge. Cup showing in 2018. The defen- “The trust in Joachim Löw is ding champions were eliminated still there, absolutely,” Germany early after losing to Mexico and team director Oliver Bierhoff South Korea in the group stage. From left: Germany’s Leon Goretzka, Niklas Suele and Matthias Ginter said. “Nothing’s changed with this Löw promised a shakeup. Me- game.” sut Özil retired from the squad been calling for the Bayern Muni- vember 1909. Republic, while conceding late It seems unlikely that the Ger- amid the fallout for the debacle, ch trio’s return. “Now we know where we are,” equalizers in draws against Spain, man soccer federation will opt and Löw cut short the internatio- The humiliating 6-0 loss to Germany forward Serge Gnabry Switzerland and Turkey. for a change now. There are only nal careers of stalwarts like Tho- Spain in the Nations League yes- said after yesterday’s match in Se- A 3-3 draw against Switzerland seven months before Euro 2020 mas Müller, Mats Hummels and terday [Macau time] was the bi- ville. in October offered some hope as is scheduled to start, and Löw will Jérôme Boateng. ggest for a German team since a The warning signs were there Germany fought back from two only have his team together again Their replacements have not 6-0 thrashing against Austria in before. Germany had produced goals down to earn a point, but the in March for the final prepara- lived up to expectations, and for- a friendly in Berlin in 1931. Only one uninspiring performance af- defensive frailties remained appa- tions. mer players like Bastian Schweins- England has ever won by more, ter another this year in labored rent. “I hope we have enough time,” teiger and Lothar Matthäus have 9-0 in a friendly in Oxford in No- wins over Ukraine and the Czech “We thought we were a step Bierhoff said. AP ad China defends food import the controls to curb virus BUZZ China’s government yesterday defended anti-coronavirus controls by the virus being imported by travelers or on food. that have disrupted imports of beef, poultry and fish from the United “The relevant measures China took are necessary following the spirit States, New Zealand and other trading partners. of putting people’s lives first and protecting people’s health,” Zhao said. Customs officials who say the coronavirus has been found on frozen Prime Minister Jacinda Ardern of New Zealand expressed confidence meat and on packaging have imposed temporary suspensions on su- this week her country hadn’t exported meat with the virus after Chine- ppliers. That prompted complaints by China’s trading partners. se authorities said it was found on beef and packaging from Bolivia, The “reasonable and justifiable” curbs are intended to protect public Brazil and New Zealand. OPINION health, foreign ministry spokesman Zhao Lijian said. In June, China temporarily suspended the import of chicken from China, where the pandemic began in December, declared the disea- U.S.-based Tyson Foods Inc. after the virus was found at one of its World Views se under control in March. It is trying to prevent new outbreaks caused farms. Shuli Ren, Bloomberg

The only thing worse than a big default is a surprise one AP PHOTO AP PHOTO In 2018, when Chinese President Xi Jinping visited one of Tsinghua Unigroup Co.’s mega memory-chip factories in Wuhan, he said that semiconductor processing is the heart of QUAD The navies of a nation’s manufacturing industry. Well, that India, the United States, heart just skipped a beat. Australia and Japan Unigroup, a commercial arm of the presti- held exercises in the gious Tsinghua University, Xi’s alma mater, Northern Arabian Sea missed a payment on a 1.3 billion yuan ($198 in the second phase of million) note Monday, adding to a lengthening a naval drill seen as part list of [state-owned enterprise] SOE defaul- of a regional initiative to ts. Investors are now left guessing: What type counter China’s growing of SOEs will Beijing support? How much mo- assertiveness in the ney can we claw back in the event of a default? Indo-Pacific. The Malabar It will be a game of hide and seek. There’s now naval exercise “highlights a deepening suspicion that SOEs will trans- enhanced convergence fer good assets out before creditors drag them of views amongst the four to court. A few days before its default, Unigroup vibrant democracies on Vladimir Putin attends a meeting with BRICS leaders via video conference, in Moscow pledged a 16.14% stake in smart-card chip de- maritime issues,” India’s signer Unigroup Guoxin Microelectronics Co., Defense Ministry said. worth about $1.4 billion, to Bank of Beijing for a 10 billion yuan credit line. But that credit Iraq Rockets struck the line had already been signed at the beginning capital with four landing of the year, and Unigroup reportedly didn’t re- Putin touts Russian inside the heavily fortified Green Zone, Iraq’s military ceive fresh loans in return. This echoes similar said, killing a child and moves from two large regional SOEs. wounding at least five And where’s all the cash these companies virus vaccines at people, signaling an claimed on their balance sheets? Yongcheng end to an informal truce Coal & Electricity Holding Group Co.’s default BRICS summit announced by Iran-backed on a 1 billion yuan note on Nov. 10 came as a militias in October. Two Russia came under a surprise. As of June, it sat on close to 50 billion DARIA LITVINOVA, been approved in Russia, Iraqi security officials said yuan of cash; only 360 million yuan was res- MOSCOW wave of international criti- and a third one was “in the one of the rockets that tricted as term deposits with Ping An Bank cism for giving Sputnik V re- works.” hit the Green Zone struck Co., the company disclosed a month ago. In USSIAN President Vla- gulatory approval in August, The Russian Direct In- close to Iraq’s National late October, Yongcheng raised a 1 billion yuan Rdimir Putin told BRICS since the shots have yet to vestment Fund, which Security Service, just 600 three-year note, with a AAA-rating from a lo- leaders yesterday [Macau complete advanced studies bankrolled the development meters from the American cal agency. So traditional credit analysis, such Embassy. Some of the time] that coronavirus vac- among tens of thousands of of Sputnik V, has agreemen- as looking at whether a company has enough rockets were intercepted cines developed in Russia people necessary to estab- ts with India and Brazil to cash to cover short-term debt, doesn’t work. by the C-RAM air defense lish the vaccine’s safety and Investors all know SOEs’ ubiquitous AAA ra- “work effectively and sa- conduct trials of the jab, and system installed by the tings are a joke. In the past, they tried to dif- fely” and urged the group of effectiveness. However, two with pharmaceutical com- U.S. earlier this year. ferentiate bond issuers by their geographical emerging economy nations months later, Russian au- panies in India and China to locations or the nature of their business opera- to “join forces” for the mass thorities approved another produce it, Putin said. production of the shots. jab after early stage studies. tions. Companies from impoverished provin- “I think this is very impor- AP PHOTO ces that have a track record of defaults, such Putin’s remarks tant,” the Russian as Liaoning, Tianjin or Qinghai, were shunned. come after ear- president added. Meanwhile, SOEs that controlled assets with ly results of large Developers of the Other BRICS national strategic value were sought after. studies of several leaders also spoke US Secretary of State The latest wave of defaults proved them vaccine Sputnik V experimental CO- about cooperation Mike Pompeo’s expected wrong. Yongcheng, which has 24.4 billion VID-19 vaccines, on the vaccine tour of a West Bank winery yuan of bonds outstanding, is an SOE from said early data including a Rus- front. Indian Prime this week will be the first the fiscally healthy Henan province. Meanwhi- time a top American sian one, were from a large trial Minister Narendra le, Unigroup controls one of the Chinese se- diplomat has visited announced. The miconductor industry’s two crown jewels: suggested the shots Modi said that In- an Israeli settlement, Its flash-memory chip factory in Wuhan is cut- BRICS grouping is dia’s vaccine pro- a parting gift from an ting-edge. made up of Brazil, were 92% effective duction capacities administration that has One question is why Beijing is allowing SOE Russia, India, Chi- will be important taken unprecedented defaults now. Bear in mind, Xi always wanted na and South Africa. Addressing the leaders “for the interests of huma- steps to support Israel’s to carry out this painful corporate deleveraging Moderna Inc. said Mon- of Brazil, India, China and nity,” and Chinese Presi- claims to war-won territory. campaign. He started in late 2017, but got de- day its vaccine appears to be South Africa at an online dent Xi Jinping said Beijing railed by President Donald Trump’s trade war 94.5% effective, according summit, Putin stressed that “will actively consider” pro- and then the Covid-19 outbreak. Now, both to preliminary data from an “coordinating collective BRI- viding its vaccine to BRICS roadblocks are gone. CS measures” to tackle the AP PHOTO From a politician’s eye, defaults can just be ongoing study. Last week, countries “if there is need.” a quicker way to enforce SOE reform. As long Pfizer Inc. said its own vac- pandemic is the alliance’s In a declaration issued as quality assets are hidden away, companies cine looked 90% effective. priority. He also said Russia at the summit, the BRICS can go into bankruptcy court and emerge lea- Two days after the Pfizer was ready to cooperate with nations said they recog- US Acting Defense ner. Local courts are part of the government, announcement, developers its BRICS partners “in the nized “the role of extensi- Secretary Christopher anyhow. Debtholders will just have to nurse manufacturing and use” of of the Russian-made vacci- ve immunization against Miller said the U.S. will their wounds. ne Sputnik V said early data the Russian-made vaccines. COVID-19 in preventing, reduce troop levels in Iraq Last Friday, when Unigroup was proposing to from a large trial suggested “There are Russian vacci- containing and stopping and Afghanistan by mid- extend its due date, parent Tsinghua Holdings’ the shots were 92% effecti- nes — they work effectively transmission in order to January, asserting that the Chairman Long Dawei said “Unigroup is not ve. However, the conclusion and safely,” Putin said. “It is bring the pandemic to an decision fulfills President standing alone” as a show of confidence, De- was based on a much lower very important to join forces end” and vowed they would Donald Trump’s pledge to btwire reported. That might be. But these SOE bring forces home from number of infections recor- for the mass production of “work to ensure” that when defaults and restructurings are also leaving in- America’s long wars even these products for wide cir- vestors isolated and in the dark, with no faith or ded during the trial — 20 a vaccine becomes availa- as Republicans and U.S. assets to hold onto. compared to 94 in Pfizer’s culation.” ble, “it is disseminated in a allies warn of the dangers case and 95 in the study of The president noted that fair, equitable and affordab- of withdrawing before Moderna’s vaccine. two different vaccines have le basis.” AP conditions are right.