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Famous Chinese Drama ‘Snow in June’ Becomes Reality

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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“Snow in June” is a famous Chinese drama written during the Yuan Dynasty (1279–1368), which tells of a young lady named Dou E who is wrongly convicted of crimes by a corrupt official for actions perpetrated by a rejected suitor of Dou. Before her execution, Dou cried to heaven to prove her innocence, bringing three unusual phenomena to her hometown: blood rain from the sky, snow in June, and a three-year drought. These three prophesied phenomena indeed occurred following Dou E’s wrongful death.

Until today, “Snow in June” is still widely used among Chinese speakers as a metaphor for a miscarriage of justice.

In some areas of China’s Xinjiang region, heavy snow started to fall from the evening of June 28. By June 29, the ground was covered with 30 centimeters of snow.

Focus News: Famous Chinese Drama ‘Snow in June’ Becomes Reality

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…