Alipay updates anti-fraud functionsscans a quick response

Alipay, the country’s top mobile payment platform, announced on Tuesday a major anti-fraud u

pgrade on its application by teaming up with 26 public security departments nationwide.

The new function, dubbed “Security Guard”, allows users to set up related accounts among f

amily members or close friends. Should any abnormalities on transactions occur, the system would send

out alerts to all related accounts in order to prevent the fraud from materializing and minimize loss of funds.

“Security is the lifeline of Alipay, and we hope to fight fraud in a manner as harsh as dru

nk driving,” said Rui Xiongwen, vice-president of Ant Financial, Alipay’s parent company.

Alipay users can choose to delay payment for two hours or 24 hours and raise an alert

on the platform if they deem such transactions potentially misdirected or fraudulent.

The system has been linked to local public security authorities to help freeze any transaction

s in doubt. The money will be credited back to the user’s account if authorities determine fraud has been committed.

A number of local anti-fraud centers in cities like Beijing, Shanghai and Shenzhe

n also pledged to cooperate with Alipay on financial security education and anti-fraud alarming systems.

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Foldable smartphones might not be the future: experts

On Sunday, China’s tech giant Huawei officially unveiled Huawei Mate X, its first foldable smar

tphone. That came just five days after Galaxy Fold, the first foldable smartphone of Samsung. But fol

dables might not be the future of smartphones, comment two experts with China Daily’s Zhang Zhouxiang:

Yuan Xuanhua, a renowned industrial designer with 20 years’ experience in smartphone engineering

Some media outlets have described foldable smartphones with so many sweet w

ords as if they were a technological breakthrough. Unfortunately, they are not. The te

chnology of foldable displays were invented as early as 20 years ago in a quite easy way — By replacing the glass th

at supports the display with foldable organic materials. Such displays can not only fold, but also curve.

Concerning the foldable screens of Huawei and Samsung, they have better displays with higher density rate and cl

earer, more stable display performance, but in essence they are still using the same technology. Therefore, f

oldable smartphones are more like a consumption-led innovation rather than a technology

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Samsung Fold looks not so perfect from the outside beca

ause the camera must not be covered during the folding, while the battery is also thicker. Huawei Mate X looks better, but its display is not protected as well as that of Samsung Fold and faces higher risk of breaking should the phone be dropped.

The two share one thing in common, namely a high price — Both are rather expensive. The Samsu

ng Fold is priced at $1,980 while the Huawei Mate X is priced at 2,299 euros ($2,606). The high price will

quite seriously limit the marketing of the two products and make them the luxuries of rich people only.

According to our analysis and market forecasts, in 2019, the number of f

oldable smartphones and tablets sold globally might reach 900,000, which might do

uble in 2020. As a comparison, people globally bought 1.4 billion smartphones in 2018. In a word, unless its cost fall sh

arply, the market for foldable smartphones will be limited for the foreseeable future.

Yet both Huawei and Samsung have invested huge resources in the research, publicity, and mark

eting of foldable smartphones. There are two main causes for that. First, smartphones are already so

developed that there is hardly any new space for innovation. The iPhone 4 miracle of Steven Jobs can hardly be re

peated in the near future, so both companies need to show the world that they are innovating.

Second, foldable displays need special materials that are quite scarce i

n the market, so neither of the two companies can afford to wait for the other to rise. B

oth need to keep the market in a balance so as to ensure its own share of products.

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State Councilor Wang Yi said Sino-US trade negotiations

have once again made concrete progress and provided positive pro

spects for bilateral relations and the global economy. Wang, also minister of foreign affa

irs, made the remark at an event on Monday, according to a statement issued by the ministry.

Yao Yang, dean of the National School of Development at Peking University, said, “It is encouraging that both sides have begu

n to work on the text of an agreement, which indicates a speeding up toward sealing a trade deal.”

“The progress also showed that effective economic diplomatic meas

ures can help resolve cumbersome issues and reduce confrontation between two nations,” Yao said.

After tit-for-tat exchanges of hefty import tariffs, President Xi Jinping and hi

s US counterpart, Donald Trump, agreed in December to halt new tariffs for 90 days to a

llow for talks. Since then, negotiations have been conducted on a wide array of topics.

Early Sunday afternoon in Washington, Trump tweeted that he “will be delaying” the incr

ease of tariffs on Chinese imports scheduled for March 1, due to “very productive” trade talks between the two countries.

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Rudolph, Tina Fey and Amy Poehler introduced Sunday’s

  telecast, following Queen and Adam Lambert’s opening performance of “We Will Rock You” and “We Are the Cham

pions.” The “Saturday Night Live” alums riffed off the messy build-up to this year’s awards.

  An abundance of drama surrounded the build-up to this year’s Osca

rs, even before getting around to the nailbiting best-picture finish.

  The contenders reflected the gamut of an evolving movie industry, with “Roma” representing Netflix’s arrival in mo

vies, after the streaming service’s model-bending impact on the TV business.

  On the flip side, “Black Panther” embodied the blockbusters upon which the studios have come to rely, and the th

ird-highest-grossing US release of all time at $700 million, nearly doubling that total worldwide.

  A number of individual nominees registered breakthroughs for women and people of color, only

a few years after lack of diversity among the acting categories birthed the #OscarsSoWhite hashtag.

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Controversial Serena Williams cartoon ruled not to have br

  A widely criticized Australian newspaper cartoon showing tennis legen

d Serena Williams jumping up and down next to a broken racket and a pa

cifier which she had spat out was not racist, according to the country’s media watchdog.

  The Australian Press Council ruled that the drawing, published by Murdoch group newspaper the Hera

ld Sun, did not breach Australia’s press standards and instead was capturing Williams’ “on-co

urt tantrum” at the 2018 US Open final “using satire, caricature, exaggeration and humor.”

  The cartoon was published shortly after the bad-tempered final, in which Wi

lliams had a dispute with the umpire over his allegedly sexist treatment. The pr

ess watchdog received a number of complaints about the image, which drew international condemnation.

  The press council said the newspaper “was depicting the moment when, in a high

ly animated tantrum, Ms Williams smashed a racquet and loudly abused the ch

air umpire, calling him a thief, a liar and threatening that he would never umpire her matches again.

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In addition to the bomb blasts in Maiduguri, the Nigerian army

  said its troops had also repelled an attack Saturday morning by suspected militants on a security outpost in Geidam village in Yobe state.

  No one was injured, according to Col. Sagir Musa of the Nigeria army, who said the attempt would not affect voting in the area.

  ”The situation is calm and peaceful,” Musa said in a statement. “Peop

le have largely turned out to cast their votes without any hindrance.”

  The election delay has increased tensions in Nigeria, and there

have been instances of violence in the lead-up to the vote. The British and US governments hav

e warned they would deny visas to, and could prosecute, anyone found inciting violence during the election.

  Last week, a terror group with links to ISIS claimed responsibility for a deadly at

tack in Maiduguri on a motorcade carrying Kashim Shettima, the governor of Borno state.

  Shettima escaped unscathed. Isa Gusau, the governor’s media aide, told CNN on Thursday that the ambush killed three p

eople, although locals put the death toll much higher. The terror group claimed that 42 people died in the assault.

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Australia and New Zealand have already blocked mobil

  using equipment from Huawei, the world’s biggest maker of telecommunications equipment, over security concerns.

  The United States has made it clear that any country that uses Huawei will find its opportunities to work with Was

hington limited. In a speech in Munich on Saturday, Vice President Mike Pence described the company as a “threat.”

  ”Chinese law requires them to provide Beijing’s vast security apparatus with access to any data that touches their networks or equipment,” Pence said.

  The RUSI report reached a similar conclusion, saying that although Huawei may be a pri

vate company, China’s national security laws required cooperation with authorities when requested.

  ”Huawei’s Chinese staff have no choice but to accede to requests from Chinese government departments,” the report said.

  The Chinese government has denied it would demand access to Huawei’s technology for spying, and the company has said it would refuse such a request.

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The corridor includes a network of highways, railways and

infrastructure and Gwadar is an important part of it. Pakistan has been trying to get the assistance needed for development and di

versify sources of investment from many countries such as Saudi Arabia and Qatar. Gwadar is not an exclusive platform.

The China-funded CPEC helps build the infrastructure at the port, and the improved condition

will attract more investment which then in turn boosts the development of Gwadar and the whole of Pa

kistan. Inclusiveness and multilateral cooperation are exactly the ideas that the BRI champions.

Admittedly, geostrategic competition is prevailing in the region. If added with the different inter

t demands of Afghanistan and Iran and the historical enmity between India and Pakistan, the region can be one of the most volatile plac

es in the world. Joint development is the only path that could lead the region into long-term peace and stability. This is also the broader objective of the BRI.

China hopes that all the investment coming into the region can be connected so as to be best utilized. Regional countri

es should enhance cooperation via coordination. Meanwhile, all should hold an open attitude toward investment from outside the region.

As each regional power vies for a foothold and seeks its development, both competition and cooperation feature in this process. All

the countries face the question of how to turn strategic hedging into benign competition. The BRI provides the answer.

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One of the goals of Pompeo’s visit is to rebuild the political

relationship between the US and Central and Eastern Europe. The US will also launch a Future Leaders Ex

change Program, providing one-year academic scholarships for Hungarian high school students to study in the US.

There are many aspects to US strategic return to Central and Eastern Europe. First, the US can

enhance energy cooperation with the region. The regional countries would prefer not to become overly dependent on Russia.

The US has already voiced strong opposition to the energy cooperation between Germany and Russia via the Nord Stream 2 project.

Given that the US is set to become a net energy exporting country in 2020, it could become a major source of energy for Central and Eastern European countries.

Second, the US will strengthen political cooperation with Central and Eastern European countries.

The region has undertaken multifaceted diplomacy, hoping to win more policy initiatives in tod

ay’s volatile geopolitical dynamic. As they receive less political and economic promises from the EU, they are turning to e

xternal powers such as China and Russia. The US wants to get back in as quickly as possible to make up for its absence.

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