Katyusha News Reference ——May 1, 2021

Ⅰ. The New Federal State of China News       

1. Ping An Insurance Group and other investors have agreed Friday to fund Peking University Founder Group’s $11.3 billion bankruptcy restructuring package.

2. The U.K. has increased oversight over inbound foreign acquisitions in the country’s first major update to its screening process in two decades, responding to concerns that sensitive technologies could leak to China and other countries. The National Security and Investment Act, which became law on Thursday, requires advanced notice for foreign acquisitions in 17 fields including artificial intelligence, quantum technologies, communications, defense and energy. The government can block any deals deemed to pose a national security risk.

3 Sir Richard Dearlove, former head of the British Secret Intelligence Service, insisted it was “far more likely” COVID-19 leaked from a Chinese lab as opposed to originating in nature, calling out “significant Chinese influence” from preventing an open debate on virus origins.

4. CCP’s investors have spent at least £134billion on UK assets, including private schools, infrastructure businesses and top ranked British firms, it has been reported on Sunday.

5. China has sent its Shandong aircraft carrier for military training in the South China Sea and plans to continue similar exercises.

6. CCP successfully launched a key module of a new space station Thursday using the latest version of the Long March 5B heavy-lift booster. After completing its mission, the core stage  of the rocket is still in orbit and could make an uncontrolled re-entry in the near term, according to SpaceNews.

7. The US embassy and consulates in China are scheduled to open visa appointments for Chinese students on May 4, after Washington announced easing of travel restrictions for foreign students, as visa restrictions for Chinese STEM students remain effective. 

8. Secretary of State Antony Blinken departs for the U.K. and Ukraine on Sunday as part of an effort to keep U.S. allies united against China and show support for a crucial ally in the face of Russian aggression.

9. Taiwan’s first batch of aid to India to help it fight a surging increase in COVID-19 infections left for New Delhi on Sunday, consisting of 150 oxygen concentrators and 500 oxygen cylinders, Taiwan’s Foreign Ministry said. Countries around the world have been rushing to help India alleviate the crisis. India recorded more than 400,000 new COVID-19 cases for the first time on Saturday as it battles a devastating second wave.

10. More than a year into the COVID-19 pandemic, two Republican states Mississippi and Missouri are keeping up their efforts to hold CCP accountable for the spread of the virus that has killed hundreds of thousands of Americans and sparked an economic downturn from which the U.S. has still not recovered.

11. CCP’s defense ministry on Saturday issued a strong response to a recent diplomatic blue book by Japan, warning that calling Taiwan an “extremely important partner” is a “very dangerous” way to meddle in the Taiwan issue.

12. The Cyberspace Administration of the CCP Central Committee has revealed that 33 apps, including the sogou, illegally collected and used personal information.

II. World News

1. The European Commission on Sunday called on EU member states to regularly monitor sewage systems for fresh outbreaks of the coronavirus.

2. “Berkshire Hathaway Vice Chairman Charlie Munger’s distain toward bitcoin has only intensified amid the digital asset’s record run this year. “Of course I hate the bitcoin success,” the 97-year-old Munger said during a Q&A session at Berkshire’s annual shareholder meeting Saturday. “I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth, nor do I like just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial product out of thin air.” Warren Buffett, who avoided the initial question on bitcoin earlier, responded to Munger’s answer: “I’m alright on that one.”

3. The number of COVID-19 (CCP Virus) patients with severe symptoms in Japan hit a record 1,050 on Sunday, up 30 from the previous day, as the country grapples with the coronavirus resurgence.

4. In Mark Zuckerberg’s testimony on Capitol Hill on March 25, the Facebook founder confirmed that Chinese government officials used his social media platform to target, surveil and harass Uyghur Muslims in the United States and elsewhere.

5. North Korea lashed out at the United States and its allies in South Korea on Sunday in a series of statements saying recent comments from Washington are proof of a hostile policy that requires a corresponding response from Pyongyang.

Himalaya Moscow Katyusha (RU) YinHe

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