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George Floyd death: China takes a victory lap over US protests

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Demonstrators peacefully protest outside of Trump International Hotel WashingtonImage copyright Getty Images
Image caption Demonstrators outside of the Trump International Hotel in Washington DC

The US mass protests are raising eyebrows around the world, but China is watching with particular interest.

As anti-racism protests sweep across the US, Beijing has seized upon them to hit back at Washington for supporting last year’s Hong Kong pro-democracy demonstrations.

Chinese state media have given extensive coverage to the protests, highlighting the chaotic scenes and alleged police brutality in America to claim that China enjoys greater social stability.

Speaking to an international audience, Chinese diplomats are attempting to portray Beijing as a responsible global leader, standing in solidarity with other countries in condemning the racial disparity and injustice in the US.

‘A beautiful sight’

China’s state news agency Xinhua described the US civil unrest as “Pelosi’s beautiful landscape” – a reference to US House Speaker Nancy Pelosi’s comment last summer that the Hong Kong protests were “a beautiful sight to behold”.

State media Global Times’ chief editor Hu Xijin wrote that American politicians now can “enjoy this sight from their own windows”.

Beijing has long condemned American politicians, including Ms Pelosi, for “glorifying violence” coming from the Hong Kong demonstrators, who are categorised by China as “rioters showing signs of terrorism”.

Protests paralysed Hong Kong for most of last year, prompting Beijing to impose a new national security law in the territory in May, only two weeks ahead of the anniversary of the Tiananmen Square crackdown.

Aynne Kokas, senior faculty fellow with the University of Virginia’s Miller Center for Public Affairs, says that both the US and China are contending with a high level of domestic instability triggered by the global coronavirus pandemic and political events.

Image copyright Getty Images
Image caption Tens of thousands marched in Hong Kong in Janaury

“Now is a key moment through which China is able to leverage the lack of stability in the US, in order to more efficiently promote its own national security goals,” she says.

Criticism over US applying ‘double standard’

Chinese and Hong Kong officials have also called out the US for applying “double standards” in its response to civil unrest.

“You know there are riots in the United States and we see how local governments reacted,” said Hong Kong’s leader Carrie Lam.

“And then in Hong Kong, when we had similar riots, we saw what position they adopted then.”

The officials’ view is shared by many Chinese social media users, who dub America “the double standard nation”.

Image copyright Getty Images
Image caption Hong Kong’s leader Carrie Lam

Allegations of excessive use of police force during the US protests have been put under the spotlight by Chinese state media, to delegitimise Washington’s position on upholding freedom and democracy.

In one example, state broadcaster China Central Television reported on American journalists being pepper sprayed and a freelance photographer partially blinded by a rubber bullet while covering the protests.

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Georgia State University Global Communication Assistant Professor Maria Repnikova says that the scale and intensity of Chinese state media coverage on the US protests is unprecedented.

“It’s powerful, because they are not making it up,” Prof Repnikova says, but she points out that Chinese state media have cherry-picked the more peaceful pictures of Hong Kong police and the most violent ones from the US.

Image copyright AFP
Image caption Journalists from across the US have reported being targeted by police at protests

China itself has been heavily criticised for cracking down on press freedom, which is rarely mentioned by the government and state media.

On Weibo, many see America’s freedoms and democracy as at risk, as police fired tear gas at peaceful protesters and military was deployed to quell the protests.

Ms Kokas says: “Chinese state media don’t have to craft a narrative, they can just talk about the objective events that have happen in Washington DC, that undermines the very principle of freedom of speech and freedom of assembly.”

The US’s rhetoric about the democratic rights of Hong Kong now seems “very hollow”,she adds, “when military helicopters are flying over [Washington] DC”.

Chinese diplomats condemn US racism

The increasingly outspoken Chinese diplomats have seized the chance to spotlight the US’s governing failure and promote Beijing as a more responsible global leader.

Ms Kokas describes this as a continuation of the country’s propaganda strategy on the Covid-19 pandemic – when America fails, China is here to help.

Chinese diplomats on Twitter retweeted messages of UN and African Union officials, condemning racial discrimination and police brutality in the US.

Image copyright Getty Images

The Chinese foreign ministry spokeswoman Hua Chunying tweeted “I can’t breathe”, with a screencap of the US state department spokeswoman Morgan Ortagus’ previous criticism over Beijing’s handling in Hong Kong.

But another of Hua’s messages denouncing anti-black racism backfired on Twitter, as she included “all lives matter”, a phrase often used to undermine the “black lives matter” movement.

Meanwhile, there are reports that African residents in the southern Chinese city of Guangzhou have been discriminated against and forced into quarantine during the coronavirus pandemic.

Beijing has not officially apologised for any mishandling, only stating that there were some “misunderstandings”.

One Weibo user expresses “disappointment”, as the person sees “some Chinese criticise others for racial discrimination, but when it comes to their own anti-black racism, they take it for granted”.

China is also accused of detaining hundreds of thousands of Uighurs and other Muslim minorities in high-security prison camps in its far western Xinjiang region.

Anti-America sentiment on the rise

There’s no doubt US protests have sparked heated discussion on Weibo – the topic is one of the most popular on the site this week. Related posts have earned more than 25 billion views.

Many Weibo posts “congratulate” the US for the civil unrest and push back at its support for the Hong Kong demonstrations.

One user writes: “The US government has been inflaming violence around the world, now the American people have finally woken up. The US government deserves this!”

Image copyright Drew Angerer

And Beijing and its state media spread the theory that Washington was fomenting the protests in Hong Kong, calling it a “black hand” behind the unrest.

As US-China relations have soured due to the Hong Kong protests, trade conflicts and the pandemic, anti-America sentiment appears to be on the rise in China.

Thousands of Weibo comments describe the US protests as “karma” for Washington.

But some Chinese seem genuinely saddened by the situation.

“This is trampling on human rights! Democracy in the US came to an end at this exact moment,” a Weibo user commented under a video showing the CNN reporter getting arrested, receiving thousands of likes.

Many on Weibo also voice support for the civil rights movement. “Nothing much has changed after generations of fights. I hope this time will yield better results,” a comment reads.

Some Chinese also reflect on the weaknesses of their country.

One Weibo user writes about being “envious of the freedom of expression” in the US, as anti-government protests are often forcefully cracked down in China.

Some posts urge the state media to cover China’s domestic police violence and injustice with the same level of dedication.

But liberal voices are often met with harsh criticism.

State-affiliated yet liberal leaning newspaper Beijing News published a commentary advocating for empathy and respect for the American people, but it was quickly slammed as taking a “pro-America” stance and received tens of thousands of negative comments on Weibo.

Social media has always been an imperfect window to observe China’s public opinion. Its echo chamber effect is exacerbated by the country’s information censorship.

Prof Repnikova says that the relatively liberal views may become even more marginalised on Chinese social media, as cyber nationalism, a combination of bottom-up sentiments and top-down propaganda tactic, is increasingly dominant on the sites.

“The more aggressive, nationalistic and vocal voices are taking over the space,” she says.

Additional reporting by Yitsing Wang

Source: https://www.bbc.co.uk/news/world-us-canada-52912241

Coinpedia

Ethereum Price Smashed $2000, $3000 Incoming At Lightning Speed!

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Ethereum Price (ETH) May Hit $10,000 This Cycle!

The Ethereum price that is known to maintain a stable price movement, finally broke the previous ATH to form a new one. It took more than a months time to regain its lost position above $2000, yet sustained successfully. 

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The price took more time than expected to break the $2000 barrier, yet $3000 may be approaching at rocket speed. As predicted by founder of Gokhstein Media, David Gokhstein, the next stop for the ETH price is around $3,900. 

With the continued bullish trend and intensified rally, the price is expected to surge to the highest levels. According to an analyst and Crypto Youtuber, Young and Investing, the Ethereum price may hit $10,000 within the current bull run.

With the accelerated bull run, many analysts believe Ethereum could lead the market instead of Bitcoin too. Therefore providing a huge opportunity for the altcoins to boom within the ETH bull rally. 

Is Altcoin-Season On the Cards?

Many altcoins normally pop-up with the surge in the price of the second dominant crypto Ethereum. Currently, ETH price is trading around its new all time high around $2152 and expected to fly high. Therefore, many small cap altcoins are expected to rise from ashes and pump more than 50x or even 100x also.

Many analysts believe the Altcoin Season of 2021 is on the way and is expected to be the greatest season ever. According to a popular analyst, XRPcryptowolf, the season will reach its peak during the summer.

Moreover, the coins which are believed to be dead or not performing are also expected to rise. One of the analysts, MC also has given a brief idea on which all coins might pump in the current AltSeason.

Collectively, the breakout of Ethereum price has led to initialization of the most awaited AltSeason of 2021. The ETH price rally is expected to intensify in the coming days, that might smash $10,000 soon.

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Source: https://coinpedia.org/ethereum/ethereum-price-to-surge-to-3000-soon/

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Coinpedia

Lark Davis Addresses 3 Most Common Criticisms Tagged With Cardano

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Popular New Zealand-based crypto analyst Lark Davis pointed out the three criticisms faced by the Cardano project

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Cardano Is Overvalued

He says that Cardano’s biggest use case right now is staking. The current price of Cardano is based on speculation rather than real demand for the token based on usefulness and need among developers and users.

Right now, the basic economics that will drive future demand are simply not there. Also there’s nothing wrong or unusual about this. This is a fairly normal occurrence. We see that a lot with various assets, where the price of an asset can rise far higher than its value should be based on where it is now simply because of strong support from the market and it’s future predictions.

Even if cardano’s price is overvalued right now does not really mean that it will plunge or go down in the near future. Davis says that in such situations the opposite is likely to happen. The higher the market cap, the more serious an investment it is in the eyes of many investors, which makes the market cap go even higher and become even more serious.

Also Read : Top reasons why Cardano(ADA) Price is Poised For Massive Surge!

Nothing Is Built on Cardano

According to Lark Davis this statement is not technically true as he feels that few things are built on cardano but it lacks an ecosystem. He also states that it’s an incredibly dishonest critique of Cardano in his opinion because it is hard to have an ecosystem when there’s no smart contract functionality.

“Smart contracts are coming. The testnet is due in late April. Smart contracts are then scheduled to come on the mainnet around August… I think we’ll have at least a few dozen applications by Q1 of next year.“

Cardano Is Too Slow in Its Development

Davis says it’s fair to hope Cardano’s speed of development to pick up pace, especially considering the moderately fast rise of other projects with robust and successful ecosystems such as Elrond (EGLD) and Avalanche (AVAX).

Luckily cardano has a growing community and enthusiastic users who are willing to support the smart contracts from the day one of it’s launch. With such an optimistic community if cardano promises to deliver an ecosystem that mints people money, then it’s obvious for users and developers to eventually join this massive ADA community.

“I personally think that Cardano will prove the haters wrong this year, and that they will deliver a powerful and interesting blockchain that will become a big part of the cryptocurrency ecosystem…“

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Source: https://coinpedia.org/altcoin/criticisms-tagged-with-cardano/

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Coinpedia

CHZ Price | Chiliz Price Surged 650% in March, What’s Next for the Coin?

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The pseudonymous head of Coin Bureau who goes by the name guy, predicts that this coin has the potential to attract many users into the crypto space.

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Chiliz price has skyrocketed last month by 650% in value, making it a very important month for the cryptocurrency. In the last week, however, a pattern reversal occurred, with CHZ being overwhelmingly denominated by sellers. Things are shifting, though, as CHZ price rises once more. 

Read more : Chiliz Price Rose Like a Monster, Is It the Start of a ‘Low Cap Season’?

Chiliz is a cryptocurrency that can be used on sports and entertainment sites. Chiliz can be used like any other digital currency, but it is most commonly used on Socios.com, a website where investors and fans can use CHZ to receive exclusive rewards from their favourite teams. Special behind-the-scenes access and voting rights are among the perks.

It is worth noting that CHZ has established partnerships with top football clubs spread across the world, including FC Barcelona, AC Milan, and Juventus.

Guy says that,

“Have you been searching for that killer app that has the potential to open the floodgates and bring hundreds and millions of people into crypto? That elusive unicorn would likely be valued at a pretty penny, which means if you got into it at the right time, you could post some truly insane gains. What if that project combined NFTs, sports, and crypto? That’s the type of rocket fuel that could send it to the stratosphere… That would be Chiliz.”

I really like Chiliz as a project, the concept, and how they’re seemingly paving the way for unique digital sports memorabilia with NFTs in real-time. I also really love the idea of attaching tangible team-related perks to NFTs. That way, they have tangible real-world value and this should drive future demand.”

As of the time of publication, Chiliz price was $0.511948, with a 24-hour trading volume of $930,154,829. CHZ price also went up 1.5% over the last 24 hours. Besides, it has a circulating supply of 5.3 billion CHZ coins and a max supply of 8.89 billion.

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Source: https://coinpedia.org/altcoin/chz-price-chiliz-price-sentiments/

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Genesis Celebrates Official Launch In China, Unveiling Its All-new Vision Of Automotive Luxury To Chinese Consumers

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  • Genesis announced its arrival in China with an extraordinary event, introducing the brand to a new generation of Chinese consumers seeking true distinction in luxury
  • Athletic Elegance, the distinctive Genesis design philosophy was showcased with an unveiling of the Genesis G80 and Genesis GV80
  • To deliver the unique Genesis Experience, a new business model will be introduced in China aiming to design authentic relationships with Chinese consumers

SHANGHAI, April 3, 2021 /PRNewswire/ — Global luxury automotive brand Genesis marked its official entry into China with a spectacular Brand Night held on April 2 at Shanghai’s International Cruise Terminal, where Genesis showcased its unique Genesis brand identity, design and experience philosophy. With a stunning drone show titled the “Genesis of Genesis” sweeping over the Bund, Genesis signified its exceptional beginning in the Chinese market.

Genesis performing dazzling drone show, titled with “Genesis of You”

Jaehoon (Jay) Chang, Global Head of Genesis, said, “Today marks the beginning of another audacious chapter for Genesis. The Chinese market serves a critical role in the development of our global business, and we are very excited to present the next generation luxury for China.”

“We are excited to showcase our globally recognized products, Genesis G80 and Genesis GV80, known for the highest quality and distinctive design. We are driven by a purpose to design authentic relationships with Chinese consumers. This is our promise and our differentiator in China to deliver meaningful and stress-free experiences,” said Markus Henne, Chief Executive Officer of Genesis Motor China. “To do that, we will be implementing an all-new business model that will bring our commitments to life.”

New Luxury Defined by A Unique Brand Identity and Design Philosophy

Genesis is a brand that aspires to make true positive impact in our customers’ lives. With a fresh perspective, Genesis audaciously challenges expectations and brings a progressive attitude in order to build emotional bonds with customers based on new ideas in design and innovation. Genesis also desires to provide customers with a sense of thoughtful hospitality throughout the entire journey. More than an automotive brand, Genesis represents a lifestyle and an experience.

Every Genesis presents an intimate opportunity to explore the extraordinary Genesis vision. The distinctive design of Genesis was showcased through a special Brand Night unveiling of the Genesis G80, its mid-sized luxury sedan, and Genesis GV80, the first SUV in the lineup. Defined by their symbolic Two Lines architecture, both models are the expression of Athletic Elegance, Genesis’ design philosophy that achieves the perfect balance between two opposing characteristics: Athleticism and Elegance. Inside the cabin, the Beauty of White Space philosophy is expressed through a harmony of personal space and state-of-the-art technology.

China-tailored Strategy to Provide An All-New Experience

Genesis intends to inspire its customers of what new luxury can be. It addresses what the brand calls Generation Genesis, a generation with bold new perspectives in style and everyday life, whose refined taste in aesthetics and appreciation for distinctive design cultivates resonance with the brand spirit of Genesis. To underline this, Genesis unveiled its brand manifesto at the heart of which sits the  “Genesis of You” message-Every touchpoint with Genesis is designed to fuel the confidence of these consumers, as they embark on new beginnings, break boundaries and progress in their every endeavor. 

Genesis is establishing an all-new business model for the Chinese market, aiming to design authentic relationships with Generation Genesis and deliver meaningful, stress-free experiences centered on human-touch, convenience, trust and transparency. Genesis will gradually develop its presence in China through an omnichannel approach based on direct sales, supported by trusted agents and online sales. 

Furthermore, Genesis will ensure that every person interested in the brand receives the best one-to-one experience from a dedicated companion with the introduction of the Genesis Partner Concept. 

A transparent pricing model under the Genesis One Price Promise will be implemented to ensure a unified price across all sales channels. This unique and uncompromising brand experience will be enabled by the Genesis Digital Ecosystem.

Focus on Brand Building and Designing Genesis Experience

An essential part of the Genesis is lifestyle. Aesthetic ambition with the love for beautiful things are at the core of the brand. That’s the reason Genesis is never compromising anything on design and open to collaborate on a variety of canvases, where the Generation Genesis can be naturally met.

One of these forthcoming brand experiences, for instance, will be held in collaboration with the Shanghai Fashion Week, to create an elevated and in-depth exploration of progressive luxury style through world-class fashion concepts. Comprehensive and touchable Genesis Experience will come to life at Genesis Studios, a luxury lifestyle oasis where people can experience our cars, the arts and culture combined with Genesis hospitality. The first of Genesis Studio will soon launch in downtown Shanghai.

Markus Henne, Chief Executive Officer of Genesis Motor China, added, “Launching the brand in China represents a significant, perhaps the most important, new chapter in our brand’s history. Genesis will focus on brand building in the early stage. We will continue to reveal more highlights of how we plan to appeal to our Chinese audience. I am confident to deliver this promise and invite everyone to be a part of this journey.”

About Genesis

Genesis is a global luxury automotive brand that delivers the highest standards of performance, design, safety, and innovation. The Genesis brand is one of the highest-ranked brands in the automotive industry by respected, third-party experts including North American Car of the Year, Consumer Reports and J.D. Power and more. For more information on Genesis and its new definition of luxury, please visit https://www.genesis.com.cn

Speech of Markus Henne, CEO of Genesis Motor China, at Genesis Brand Night

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/genesis-celebrates-official-launch-in-china-unveiling-its-all-new-vision-of-automotive-luxury-to-chinese-consumers-301261651.html

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