Canada Restricts Dealings With Hong Kong Over New Security Law
OTTAWA—Foreign Affairs Minister Francois−Philippe Champagne says Canada is suspending its extradition treaty with Hong Kong as part of a package of responses to the new security law China has imposed on the territory. In a statement, Champagne says Canada will also treat sensitive goods being exported to Hong Kong as if they were being sent to mainland China. That means outright banning some military−related goods from being traded there. China imposed strict new controls on Hong Kong this week, in what Champagne calls a violation of the “one country, two systems” philosophy that was supposed to last 50 years after Britain returned Hong Kong to China in 1997. Champagne’s statement says Hong Kong’s place in the global economy was based on that promise and needs to be reassessed. Canada’s moves…
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Chinese international students in Europe have recently been informed by Beijing that those who take a charter flight back to China must take a nucleic acid test within 120 hours before departure. The new rule, which went into effect on June 23, makes it difficult for students to return home.
Mr. Zhang is a Chinese citizen who studied in Italy. He decided to stay in the country when he was offered a job after graduation. “The Chinese government’s policy is too rigid,” he told The Epoch Times on Jun. 26. “It doesn’t treat us as human beings at all. To be honest, our right as a Chinese citizen has been violated. Moreover, it鈥檚 being violated over and over again. That in itself is unconstitutional.”
Focus News: Chinese Students Stranded in Italy Due to CCP Virus Testing Rules
Nasdaq-Listed Chinese Company Cheated Creditors by Using Fake Gold as Loan Collateral
Nasdaq-listed Chinese jeweler Kingold Jewelry Inc. (KGJI) has received 20 billion yuan ($2.8 billion) loans by claiming to use tons of gold as collateral in the past five years. However, the creditors discovered that some of the gold bars are gilded copper alloy. The loans were protected by insurance issued by Chinese state-run PICC Property and Casualty Company (PICC) and some smaller insurers. But the insurers refuse to pay for the loss of Kingold’s creditors by claiming that the insurance contracts defined that they won’t take care of the loss that was created by the policyholder. However, the creditors emphasized that the insurance agreement ruled that insurers will take responsibility if the gold that is supplied by the policyholder doesn’t meet the standard. Kingold designs and manufactures jewelry. It was…