Chinese Stock Market Tumbles After Trump Tariff Announcement
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MAY 9 - 15, 2019 ISSUE 607 AUSTRALIA EDITION THEEPOCHTIMES.COM TRUTH AND TRADITION $3.00 NICOLAS ASFOURI/AFP/GETTY IMAGES In the NEWS As ALL EYES were glued on allegations of Trump-Russia collusion, Joe Biden and the Obama admin- istration were involved in a series of events that led to the ousting of a Ukrainian president. US | A8 A sum of $6.5 MILLION in bribe money was paid by a Chinese billionaire with links to the Chinese Communist Party to gain admission for his daughter into Stanford University. CHINA | A5 After An investor looks at stock price movements on a screen at a securities company in Beijing on May 6, 2019. FACEBOOK ANNOUNCED TRADE WAR a ban on “dangerous indi- viduals and organisations,” President Trump blasted a warning at the social media giant for its censorship of Chinese Stock Market Tumbles conservative commentators. US | A7 After Trump Tariff Announcement CHRISTIANS While state media is mostly silent, some Chinese ‘netizens’ celebrate the are being persecuted at ‘near genocide’ levels according to news of increased pressure on the regime a U.K. Government report and are now facing ‘extinction’ in JENNIFER ZENG parts of the Middle East. wo tweets by President Donald Trump about 25 percent on May 10, and tax the currently reacted quickly on May 6, with the Shang- WORLD | A3 raising tariffs on Chinese goods caused Chi- untaxed $325 billion of Chinese goods at a rate hai Composite index closing down about 5.6 nese stock markets to tumble and media to Chinese of 25 percent “shortly.” percent, which marked its worst one-day loss speculate that the trade negotiations with netizens are In a second tweet, Trump said: “The Trade since a 6.4 percent slump in February 2016. T China wouldn’t go forward. Deal with China continues, but too slowly, as The smaller-cap Shenzhen Composite index And while Chinese official media have been celebrating they attempt to renegotiate. No!” plunged 7.4 percent, also its worst one-day silent on Trump’s decision to raise tariffs, and calling Trump’s new stance apparently has taken percentage fall since February 2016. Hong Chinese netizens are celebrating and call- Chinese officials by surprise, who were hop- Kong’s Hang Seng Index fell 2.8 percent. The ing Trump the “Great Savior” of the Chinese Trump the ing that a deal would be reached soon. combined losses of the Shanghai and Shen- people. “Great Saviour” zhen markets reached 2.8 trillion yuan ($420 On the morning of May 5, Trump wrote in of the Chinese Markets Drop billion), with a net outflow of foreign capital a tweet that he would raise tariffs on $200 Although the Chinese official media failed of 8.19 billion yuan ($1.22 billion). U.S. President people. DONALD TRUMP’S billion of Chinese goods from 10 percent to to report the story, Chinese stock markets Continued on A4 pick for the Federal Reserve ODD ANDERSEN/AFP/GETTY IMAGES Board of Governors, Stephen ELECTION WORLD Moore, reveals to The Epoch Times why he withdrew from Pro-Euthanasia Brian Owler Could US Carrier Strike the candidacy. Become Health Minister Under Group Deployment US | A6 Labor Government a Response to ‘Credible Threat’ MELANIE SUN Association (AMA) president by Iran, Pentagon LIES and face of the “Don’t Rush” Brian Owler, a respected road safety campaign in NSW Chief Says are used to conceal decades neurosurgeon who was instru- could be tapped by Bill Shorten of intellectual property theft mental in helping pass assisted for the position of Australia’s PETR SVAB and unfair trade practices suicide legislation in Victoria health minister. Beijing has used against the in November 2017, is believed “Mr. Medicare [Owler] is com- The Trump administration’s to be a top Labor candidate ing to Canberra to ensure we put deployment of an aircraft car- West, and some Western me- for health minister if elected Medicare and health care right rier strike group and bombers to dia are playing along. in Bennelong along with a up the top,” Shorten told the the Middle East is a response to Shorten government on May 18. media in October last year after a “credible threat” by Iran, said A 92-year-old man holds the hand of his carer at an elderly There has been speculation that flying in to announce his new acting Defense Secretary Patrick OPINION | A10 home. the former Australian Medical Continued on A2 Shanahan. He wrote on Twitter on May 6 that he approved the deploy- INSIDE ment on May 5, calling it “a OPINION prudent repositioning of assets in response to indications of a AU..........................................A2 The Muslim Brotherhood Is a Terrorist Organisation With Socialist Roots credible threat by Iranian re- World..................................... A3 gime forces.” China..................................... A4 “We call on the Iranian regime US........................................A6 JOSHUA PHILIPP spite the fact that the Brother- a system of theocratic to cease all provocation,” he Opinion................................A10 This allows the hood opposes every “progres- socialism, and has from added in a following tweet. “We Commentary socialist tyrants sive” trend those movements the get-go pushed for “of- will hold the Iranian regime ac- SPECIAL EDITION As the Trump administration claim to believe in—is that they fensive jihad” to spread countable for any attack on US Mind & body............................ B1 moves to designate the Mus- to kill critics all believe in the same basic the- this system of totalitarian forces or our interests.” Home..................................... B9 lim Brotherhood as a terrorist and political ories of totalitarian governance. governance. The administration declined to organization, it’s important to opponents, The Muslim Brotherhood is A main model of socialist specify what prompted the de- know its roots and what it’s re- under the guise not a form of traditional Islam. theocracy was the invention of A pro- ployment, but tensions between Don’t delay. Subscribe today. ally about. The reason that the The organization started in 1928 Sayyid Qutb, who is considered testor the two countries have been ris- Tel: 02 8988 5600 Muslim Brotherhood and its in- of defending as a “modernization” movement to be the founding father of the in Cairo, ing as the United States applies ternational model enjoy support religion. that merged Islam with the Egyptian Muslim Brotherhood. Aug. 30, pressure on other countries to from socialist movements—de- ideas of socialism. It promotes Continued on A12 2013. Continued on A3 The Epoch Times was founded in 2000 to provide honest and uncensored news coverage of China. Based in New York City, our newsroom is dedicated to restoring accuracy and Accuracy integrity in media. We stand outside political interests and the pursuit of profit. And we stand against the systematic destruction of traditional culture by destructive ideologies such & Integrity as communism. A2 | AU MAY 9-15, 2019 AAP IMAGE/LUKAS COCH Australian Opposition Leader Bill Shorten (left) and local Labor candidate for the seat of Bennelong Brian Owler arrive for a visit to PRP Diagnostic Imaging at the Ryde Medical Centre in Sydney, on April 12, 2019. Pro-Euthanasia Brian Owler Could Become Health Minister Under Labor Government CONTINUED FROM A1 dementia are calling for that extension. Some dis- I have never seen a dying patient whose physical abled people are calling for it, ‘You’ve excluded us.’ suffering was untreatable.” Bennelong candidate. “By an incremental creep, it will extend. As I But Owler told the National Press Club in 2017 The announcement meant that Owler was replac- say, it’s discriminatory for it not to. It’s either a that while he is a “passionate supporter” of pallia- ing the locally-endorsed candidate Lyndal Howi- right for no one or a right for everyone, and that’s tive care, he believes that it “is not the answer for son, which drew some criticism from Bennelong where it goes. everyone,” give the 5 percent of people for whom residents as the surgeon lives in Wahroonga in “Laws should be about protecting the majority suffering at the end of life cannot be relieved. “This the neighbouring electorate of Bradfield, accord- and safeguards are difficult,” she said. is acknowledged within the palliative care commu- ing to SMH. Rachel Carling-Jenkins, who was a Victorian Sen- nity. It is for these people this legislation provides Margaret Tighe, president of the pro-life advo- ator at the time the Victorian bill was being debated, a choice,” Owler said. cacy group Right to Life Australia, told The Epoch told The Epoch Times that she was alarmed that her Owler revealed in June 2017 that it was the “ter- Times that Bennelong voters should be informed colleagues in the Greens party had not been allowed rible death” of his father who suffered dementia of Owler’s views on euthanasia. a conscience vote on the Victorian bill. that factored into his support for “assisted dying,” “A vote for Owler and Labor may mean a health “The Greens do not have a free vote on so-called The Guardian reported. minister who believes in physician-assisted sui- social issues like abortion and euthanasia,” Car- Carr said that while she can empathise with cide,” she said. “Labor now is the party of social ling-Jenkins said. “They must vote the party line those on the other side of the debate, she believes engineering.” which is anti-life, at least anti-human life.” that introducing assisted suicide legislation won’t Owler was the lead architect in drafting Victoria’s She said that she did not support the govern- successfully eliminate all the suffering either. framework for voluntary euthanasia—the Volun- ment’s bill and would never support a bill to intro- “It’s tough,” she said.