China
World battling Against Covid-19 Pandemic
The World is undergoing serious economic, social and health crisis as the Covid-19 outbreak originating from Wuhan China, has spread to almost all the continents of the World except Antarctica – the Unhabitated Continent.
Hundreds of People died in china, Iran, France, South Korea and Italy. Italy has been severely gripped by a coronavirus. The Covid-19 after bringing catastrophe in Asia reached Europe and Africa.
Though Africa has limited cases as reported but given the alarming and catastrophic situation rising every day. The South Asian countries i.e. Pakistan, India, Bangladesh though ill-prepared to fight against this Pandemic have done a tremendous job in terms of preparations and taking preventive measures to limit the spread of the fatal Covid-19.
As hundreds of cases are reported positive, fear, economic crisis, education and health effects have played havoc to the countries to fight Covid-19. The World Health Organizations (WHO) has declared it pandemic asking countries to follow the precaution or preventive measures as circulated by WHO and Isolation facilities for those diagnosed positive.
The States have started diverting their funds towards fighting this novel Virus and having set up Emergency Health Centers and Isolation Centers for quarantining those arriving from worst-affected countries i.e. China, Iran, France, America and Italy.
Sindh has been the worst affected by this Virus with 413 confirmed cases as most of the cases are imported from Iran via Taftan.
These include those pilgrims (Zairian) who are returning from Iran after visiting holy places. CM Sindh has so far done a marvelous job by setting up Isolation and Screening Camp at Sukkur to diagnose and keep them at the facility to avert any possibility of contraction to their families.
Punjab Stands 2nd with growing cases of 312 and the number is rising .KP stands 3rd with sudden appearance of 121 cases since these confirmed cases are also imported through Taftan border as the affected patients had recently returned from a pilgrimage from Iran. Baluchistan is on 4th Number with 119 confirmed cases, AJK/GB 82 and Islamabad capital with 20 cases.
The media is regularly breaking and updating news every moment regarding the novel coronavirus, adding the rise to the concerns regarding the sudden outbreak of the pandemic to more countries. The concerns and feelings of fear run high amid cancellations and postponement of all sporting activities, education, colleges, universities and Wedding or public gatherings.
Companies such as Google, Yahoo, Twitter, Microsoft and Apple have advised their employees to stay at home and work from their home. They also circulated the WHO guidelines among their employees and avoid gatherings of more than 10 people as announced in the latest guidelines of WHOM.
Countries are strictly following the preventive measures communicated to the people by WHO experts and putting bans on unnecessary travel in the city or out of city or borders.
It is the alarming and panicking situation since No vaccine nor has injection been made to treat those affected with the novel coronavirus. WHO cautions the countries having limited facilities to conduct tests and treat the patients advising states around the world especially the Asia and Europe to take preventive measures until the vaccine to treat this deadly virus could be discovered by Medical scientists and microbiologists?
At the moment Covid-19 has caused more deaths than Ebola outbreak in African countries, especially in Congo. According to reports that as per, the calculations based on the Center of disease control, the scenarios suggested that as many as 2.4 million to 21 million people in the U.S. could require hospitalization, potentially crushing the nation’s medical system, which has only about 925,000 staffed hospital beds as reported by Media.
The number is very low to house the huge number of affected people from covid-19. It may bring a panicking situation in a developed country like the USA. Less than a tenth of those are for people who are critically ill.
It would be disastrous to deal with the pandemic given the Medical facilities available at the US and the African states.
At the moment, China is the worst hit with 3287 deaths due to novel coronavirus followed by Italy with 7503 deaths, South Korea with 107 deaths, Iran with 2000 deaths.
Luckily, the situation Africa is under control since so far there are a few reported cases but there is no confirmation of the Virus cases yet.
The African nations have started preparations for fighting this deadly virus, they have one advantage of fighting with the Ebola virus and the lessons learnt from dealing with that epidemic such health and hygiene requirements.
Though African countries have limited resources and facilities yet they have started following the WHO Precautionary measures to deal with Possible outbreak of the deadly virus that has spread all over the world.
Its implications are dreadful and catastrophic for the world at large. The world has been struggling to deal with this pandemic as Schools, colleges, universities, restaurants; religious Places have been shut over the fears of this Pandemic.
People are advised through the media campaigns and instructions circulated by WHO to adopt the precautionary measures to remain safe from this disease. Though the symptoms include fever, cough, close breathing affecting lungs, the precautionary material is being aired on Media to apprise people of this deadly virus that has been spreading at a massive scale.
Unfortunately, the medical scientists and microbiologists have not been able to discover any antidote to control it from the spread and contain it. Even WHO appears to be helpless against this disease rather circulated precautionary measures to remain on the safe side until a vaccine could be made for the treatment of the virus?
The physicians have been advising the common treatment for fever such as Paracetmol ,cough syrup and self-isolation to recover from this pandemic as preventive measure .
Till date, there are 100 reported cases in African Countries with two deaths happened in Morocco and Egypt each.
According to statistics of WHO the Country wise break up of reported cases of Virus covid-19: Algeria -20, Burkina Faso-2, Cameron-2, Democratic Republic of Congo -1, Egypt highest number of cases -59 includes one death, Morocco -3 with one death, Nigeria 2, Senegal 4, South Africa -13, Tunisia -5 and Togo -1. So far, the situation in African countries is normal only Egypt has the maximum number of cases reported.
The African Countries have been well prepared to contain the outbreak that has played havoc around the world specifically in Asian countries i.e. China, Iran and Europe. There are at least 471742 reported cases worldwide and over 21297 deaths owing to this deadly virus including 3287 deaths in china alone followed by 7503 deaths in Italy and Spain 3647.
The Ebola Experience has enabled the African nations to develop a comprehensive plan to fight this Novel Corona Virus. There are about 100 cases have been reported in 11 African Countries while there were only two deaths.
Most of the cases in Egypt are those passengers who had travelled from abroad and the crew members of the ship coming from the countries which are being worst or moderately affected by the deadly coronavirus. The reported cases are just imported out of Africa as there is not any domestic viral outbreak.
However, apart from the rest of world, African states have done a tremendous job to contain Covid-19 by adopting strict preventive measures by completely banning Travel from the countries which are the worst affected by the Corona Virus.
In this connection, Rwanda has not reported any case, yet it has advised the citizens to maintain hygiene in the country. Rwanda has installed hand Washing Taps and sanitizers to defeat the viral outbreak in the country.
Similarly, Kenya has not reported any cases, yet it has established the 120-bed Quarantine centre and two Testing facilities at Nairobi.
Nigeria has also made mandatory to use hand sanitizers while visiting banks, restaurants, Office and supermarkets to limit the spread of deadly Novel Corona Virus.
Even several health workers have been deployed by the Government of Nigeria at the international Airports to screen the passengers to avert any possibility of a contracting virus.
According to News reports that the Experience of Nigeria’s dealing with the Ebola Virus has enabled the African Nations to adopt the preventive measures to limit the contraction of Novel Coronavirus in the country.
All the Airline companies have suspended their flights over the fears of Covid-19 that include Rwanda Air, Kenyan Airlines, and Royal Air Morocco.
The lessons learnt from the Ebola virus have strengthened the preparation of African Nations to fight Novel coronavirus effectively since they have focused on maintaining hygiene in light of their dealing with the Ebola outbreak.
They have learnt that hand washing is the first line of defence against any viruses. The case studies of Ebola have furthered their defence.
On the other hand, China has been able to overcome the outbreak by bringing the number to single digits. WHO has also recommended learning from China how it faces this pandemic.
Chinese Experience should be utilized to help control the pandemic in Italy as it has been worst hit by Covid-19 where the death toll crossed 7503 People and Iran 2000 people.
Even WHO should take experts from African countries, China and Europe to develop a strategy to fight this pandemic. The pandemic has been contracted in India with confirmed cases of 665, Pakistan with confirmed cases of 1067 as per the latest information available. The numbers are constantly growing increasing concerns of people regarding the preparedness of various nations against this Pandemic.
Though, the cases reported and confirmed in South Asia are mainly those who travelled to Iran, Syria, and China. There is so far no confirmed case of domestic nature though 8 death cases have reported in Pakistan ,13 deaths in India ,5 deaths in Bangladesh.
Luckily, after a long time, SAARC Leadership held the online Video conference to exchange level of readiness against this Novel Corona Virus. The Video Conference was held on the request of Indian PM Narendra Modi. Dr Zafar Mirza proposed a regional Mechanism to fight covid-19 and even demanded to lift Curfew in IOK over the concerns of Novel Corona Virus.
Finally, it is essential to follow WHO prescriptions to remain secure until the vaccine could be developed for this deadly virus. Medical experts claim that the vaccine may take 18 Months to be available to fight this Pandemic.
WHO has cautioned the developing countries around the world to take preventive measure to prevent people from falling prey this pandemic especially those who have limited resources and ill-prepared to fight this Deadly Covid-19 effectively.
The Circumstances in Sindh are very alarming, Government of Pakistan must take strong measures of screening at Taftan border with the composition of experts from Health Ministry both Public and Private Sector to fight this Pandemic and contain it from spreading rapidly.
Lockdowns have been announced throughout Pakistan as per WHO Guidelines for Social Isolation to limit the covid-19 outbreak in the country . The Situation is under control but violation of Lockdown have been reported as people are nonserious despite Sindh CM’s strict directions regarding Preventive measures .
PM has also announced a Hefty Relief Package to tackle the issue of Economic Slowdown owing to covid-19 and providing relief to People engaged on daily wages whose livelihood has been on risk .
On the other hand , hantavirus has started ringing alarm bells as one death has been reported in china . Hantavirus is caused by mice waste and have similar symptoms as we have been told about Covid-19 but luckily , it does not spread like covid-19 .
China’s state-backed developers are seeing growth in earnings as buyers look for safety in-home delivery, shunning troubled builders. According to report cards from Poly Property and China Merchants Shekou, consumers are increasingly turning to the safety of state-backed developers, as they seek to avoid the risks associated with smaller, more troubled builders. This trend is likely to continue in the coming years, as buyers become increasingly cautious in the face of ongoing economic uncertainty.
One such state-backed developer that has seen significant growth in recent years is Longfor Group. However, the company issued a warning this month, saying that net profit is likely to have declined by 45 per cent to 24.4 billion yuan in 2023. Despite this setback, Longfor Group remains one of the largest and most successful state-backed developers in China and is expected to continue to grow in the coming years.
Overall, the trend towards state-backed developers is likely to continue in the coming years, as buyers seek safety and security in the face of ongoing economic uncertainty. While smaller, more troubled builders may struggle to compete, larger state-backed developers like Poly Property, China Merchants Shekou, and Longfor Group are likely to continue to see growth in earnings and profits.
Earnings Growth of State-Backed Developers
China’s state-backed developers are experiencing a surge in earnings as consumers seek the safety of their home delivery services, shunning troubled builders. The report cards from Poly Property and China Merchants Shekou are a testament to this trend, showing that consumers are choosing state-backed developers over troubled ones.
Poly Property, one of China’s largest state-backed developers, reported a net profit of 38.7 billion yuan ($5.6 billion) in 2023, up 35% year-on-year. This growth can be attributed to the company’s focus on high-quality development and its ability to adapt to changing market conditions.
Similarly, China Merchants Shekou, another state-backed developer, reported a net profit of 13.3 billion yuan ($1.9 billion) in 2023, up 26% year-on-year. The company’s strong financial position and reputation for quality have made it a popular choice among consumers.
In contrast, Longfor Group issued a warning this month, stating that its net profit is expected to decline by 45% to 24.4 billion yuan in 2023. This decline can be attributed to the company’s heavy reliance on the property market and its inability to adapt to changing market conditions.
Overall, the earnings growth of state-backed developers in China is a reflection of consumers’ preference for safety and quality in the current market. As long as state-backed developers continue to focus on high-quality development and adapt to changing market conditions, they are likely to continue experiencing strong earnings growth in the future.
Consumer Confidence in Home Delivery
Chinese consumers are increasingly seeking the safety and security of state-backed developers when it comes to purchasing homes. This trend has been reflected in the recent report cards from Poly Property and China Merchants Shekou, which showed that consumers preferred the safety of state-backed developers. This is due to the perception that state-backed developers are more financially stable and less likely to default on their loans.
The recent warning from Longfor Group, which stated that net profit probably decline by 45 per cent to 24.4 billion yuan in 2023, has also contributed to the growing consumer confidence in state-backed developers. Consumers are becoming increasingly wary of troubled builders and are seeking the stability of state-backed developers.
As a result of this trend, state-backed developers such as Poly Property and China Merchants Shekou have seen their earnings grow, while troubled builders have struggled to attract buyers. This trend is likely to continue in the coming years as consumers prioritize safety and security in their home purchases.
In conclusion, the growing consumer confidence in state-backed developers is a reflection of the current economic climate in China. Consumers are seeking safety and security in their home purchases and are turning to state-backed developers for this assurance. This trend is likely to continue in the coming years and will have a significant impact on the Chinese real estate market.
Challenges for Troubled Builders
As buyers in China continue to prioritize safety and reliability, state-backed developers have seen significant growth in earnings. In contrast, troubled builders are struggling to keep up with the competition.
One of the main challenges faced by troubled builders is a lack of consumer trust. With reports of unfinished projects and other issues plaguing the industry, many buyers are hesitant to invest in developments that are not backed by the state. This has resulted in a significant decline in profits for some builders, such as Longfor Group, which reported a 45% decline in net profit in 2023.
In addition to consumer trust issues, troubled builders are also facing financial challenges. Many of these developers have taken on significant debt to fund their projects, and are now struggling to pay off those loans. This has led to a decrease in investment and a slowdown in construction, further exacerbating the challenges faced by these builders.
Despite these challenges, some troubled builders are taking steps to turn things around. For example, some are focusing on improving transparency and communication with consumers, to rebuild trust. Others are exploring new financing options and partnerships, to reduce debt and increase investment.
Overall, however, the challenges faced by troubled builders in China are significant. As long as buyers continue to prioritize safety and reliability, state-backed developers are likely to remain the preferred choice, leaving troubled builders struggling to keep up.
Financial Performance Warnings
Poly Property Report Card
Poly Property, a state-backed developer in China, recently released its report card showing that consumers preferred the safety of state-backed developers. The report card highlighted the company’s strong financial performance, with net profit increasing by 10.8% to 12.3 billion yuan in 2023. The company’s total revenue also increased by 17.6% to 98.9 billion yuan in the same period.
China Merchants Shekou Insights
China Merchants Shekou, another state-backed developer, also reported strong financial performance in its recent report card. The company’s net profit increased by 17.3% to 10.9 billion yuan in 2023, while its total revenue increased by 14.8% to 73.5 billion yuan in the same period. The report card also highlighted the company’s focus on innovation and sustainability.
Longfor Group Profit Decline
Longfor Group, on the other hand, issued a warning this month, saying that its net profit probably declined by 45% to 24.4 billion yuan in 2023. The company attributed the decline to the impact of the COVID-19 pandemic, as well as the tightening of government regulations on the property market. Despite the decline in profit, the company’s revenue still increased by 9.5% to 143.7 billion yuan in the same period.
Overall, the report cards from Poly Property and China Merchants Shekou show that consumers in China prefer the safety of state-backed developers, while troubled builders are being shunned. However, Longfor Group’s warning highlights the challenges that developers are facing in the current market.
Auto
China’s Electric Vehicle Revolution: How Tech Giants like Huawei and Xiaomi are Shaping the Future of E-Mobility
Introduction
China has been leading the electric vehicle (EV) revolution in recent years, with major advancements being made in the automotive industry by consumer electronics businesses like Huawei and Xiaomi. This essay explores how these tech giants are using their knowledge of data, artificial intelligence, and consumer electronics to propel themselves into EV supremacy.
The Rise of Electric Vehicles in China
China has emerged as a global leader in EV adoption, with government support, environmental concerns, and technological advancements driving the shift towards sustainable transportation. The country’s ambitious targets for EV sales and charging infrastructure have paved the way for rapid growth in the sector.
Tech Giants Enter the Automotive Industry
Huawei and Xiaomi, renowned for their smartphones and consumer electronics, have expanded their portfolios to include electric vehicles. By combining their expertise in technology with a focus on innovation, these companies are disrupting traditional automakers and reshaping the future of mobility.
Huawei’s Approach to E-Mobility
Huawei’s entry into the automotive market has been marked by its emphasis on connectivity, autonomous driving capabilities, and smart features powered by AI. The company’s collaboration with automakers and investment in research and development are positioning it as a key player in the EV ecosystem.
Xiaomi’s Disruption in the Electric Vehicle Space
Xiaomi’s foray into electric vehicles is driven by its vision of creating smart, connected cars that offer seamless integration with other devices. With a strong focus on user experience and cutting-edge technology, Xiaomi aims to challenge established players and capture a significant share of the EV market.
The Convergence of Data and Artificial Intelligence in E-Mobility
Data analytics and AI play a crucial role in enhancing the performance, efficiency, and safety of electric vehicles. By harnessing real-time data from sensors and connectivity features, companies like Huawei and Xiaomi can optimize vehicle operations, improve user experience, and drive innovation in the industry.
Challenges and Opportunities for Consumer Electronics Companies
While consumer electronics companies bring unique strengths to the automotive sector, they also face challenges such as regulatory hurdles, competition from traditional automakers, and establishing brand credibility in a new market. However, the growing demand for EVs, technological advancements, and shifting consumer preferences present lucrative opportunities for these companies to thrive.
Conclusion
As China accelerates towards EV dominance, consumer electronics companies like Huawei and Xiaomi are playing a pivotal role in shaping the future of e-mobility. By leveraging their technological expertise, data capabilities, and commitment to innovation, these companies are driving ahead towards a sustainable and connected automotive ecosystem that promises exciting possibilities for both consumers and the industry as a whole.
AI
Unveiling the Brilliance of Chinese Innovators: The Success Story of OpenAI’s Sora Development Team
Introduction:
In the realm of artificial intelligence, the spotlight often shines on groundbreaking innovations that push the boundaries of what technology can achieve. Recently, the Chinese developers behind OpenAI’s text-to-video generator, Sora, have captured attention both internationally and at home. This article delves into the journey of Jing Li and Ricky Wang Yu, two key members of the Sora development team, as they receive well-deserved acclaim for their contributions to advancing AI applications.
The Rise of Sora:
OpenAI’s Sora has emerged as a game-changer in the field of AI, bridging the gap between text and video generation with unprecedented accuracy and efficiency. The technology behind Sora represents a significant leap forward in how machines interpret and translate textual information into visual content.
Meet the Masterminds: Jing Li and Ricky Wang Yu:
Jing Li and Ricky Wang Yu stand out as pivotal figures in the success story of Sora. Their expertise, dedication, and innovative thinking have played a crucial role in shaping the capabilities of this revolutionary text-to-video generator. Let’s explore their backgrounds, contributions, and the impact they have had on the development of Sora.
China’s Embrace of Innovation:
The recognition bestowed upon Jing Li and Ricky Wang Yu within China reflects the nation’s fervor for technological advancement. As a global powerhouse in AI research and development, China continues to foster an environment where innovation thrives, propelling projects like Sora to new heights of success.
The Significance of Sora in AI Evolution:
Sora’s emergence as a cutting-edge text-to-video generator marks a significant milestone in the evolution of AI applications. By seamlessly translating textual input into visually compelling output, Sora opens up a world of possibilities for industries ranging from entertainment to education.
Challenges and Triumphs:
Behind every groundbreaking innovation lies challenges that must be overcome through perseverance and ingenuity. Jing Li, Ricky Wang Yu, and their fellow team members at OpenAI have navigated obstacles with determination, turning setbacks into opportunities for growth and learning.
Future Prospects for Sora and Beyond:
As Sora continues to garner acclaim on the international stage, its creators look towards the future with optimism and ambition. The success of this project serves as a testament to what can be achieved through collaboration, innovation, and a relentless pursuit of excellence in AI research.
Conclusion:
In conclusion, the story of Jing Li and Ricky Wang Yu exemplifies the spirit of innovation that drives progress in the field of artificial intelligence. Their contributions to OpenAI’s Sora project underscore the transformative power of technology to shape our world in ways we never thought possible. As we celebrate their achievements, we are reminded that the future holds endless possibilities for those who dare to dream big and push the boundaries of what is deemed achievable in AI development.
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