Alipay, the country’s top mobile payment platform, announced on Tuesday a major anti-fraud u
pgrade on its application by teaming up with 26 public security departments nationwide.
The new function, dubbed “Security Guard”, allows users to set up related accounts among f
amily members or close friends. Should any abnormalities on transactions occur, the system would send
out alerts to all related accounts in order to prevent the fraud from materializing and minimize loss of funds.
“Security is the lifeline of Alipay, and we hope to fight fraud in a manner as harsh as dru
nk driving,” said Rui Xiongwen, vice-president of Ant Financial, Alipay’s parent company.
Alipay users can choose to delay payment for two hours or 24 hours and raise an alert
on the platform if they deem such transactions potentially misdirected or fraudulent.
The system has been linked to local public security authorities to help freeze any transaction
s in doubt. The money will be credited back to the user’s account if authorities determine fraud has been committed.
A number of local anti-fraud centers in cities like Beijing, Shanghai and Shenzhe
n also pledged to cooperate with Alipay on financial security education and anti-fraud alarming systems.
China has set up a national work group for immunization planning that will suggest ways
to ensure vaccines are safe, the head of the Chinese Center for Disease Control and Prevention said on Monday.
The work group, led by a vice-minister of health, will analyze all incidents involving vaccine safety over the past few years to find
the root sources of problems, Gao Fu, head of the center, said at a news conference. He didn’t name the minister.
“Vaccines made in China are some of the best in the world,” said Gao, who is also a member of China’s top poli
tical advisory body. “We should have no doubt about the role of vaccines in disease prevention or the quality of vaccines made in China.”
For example, he said, by promoting immunization, some infectious diseases that
once seriously harmed people’s health in China, such as smallpox, have been eliminated.
Hepatitis B once infected more than 10 percent of the population of China, but now only 0.3 p
ercent of children under 5 years old are carriers because of mandatory immunization.
Gao made the comments in light of a series of incidents involving vaccine safety over the past few years.
China and the United States are expected to come to an agreement soon over trade frictions, analysts said, as the negotiating teams a
re reported to be discussing the wording of an accord and considering applying the brakes to their tariff standoff.
They made the prediction after Chinese and US officials said there had been concrete p
rogress on multiple issues in the latest round of trade talks in Washington.
During the latest talks, held from Thursday to Sunday in Washington, the seventh round since February of last year, th
e two sides focused on the text of an agreement, the Chinese delegation said, according to a Xinhua News Agency report.
The negotiators also had made substantial progress on such specific issues as technology transfers, protection of i
ntellectual property rights, nontariff barriers, the service industry, agriculture and exchange rates, the delegation said.
On the basis of the latest progress, the two sides are expected to continue their work
into the next stage, in accordance with the instructions of the two countries’ top leaders, according to Xinhua.
systemic financial risks, are the fundamental tasks of financial work, calling for accelerated construction of the fina
ncial market infrastructure and advanced efforts to nationalize key information infrastructure in the sector.
He also urged solid statistics in the financial sector and improvement in the warning system and rules on information disclosure and management.
Education and supervision of senior officials of financial institutions and regulators sh
ould be enhanced, and more should be done to fight corruption in the financial sector, Xi said.
He called for dynamic supervision of domestic and cross-border capital flow to enable financial watchdogs to fully monitor all flows.
Xi said tasks for the reform and opening-up of the financial sector should be well implem
ented, calling for the preparation and the rolling-out of new reform and opening-up measures based on
the latest development of global economy and finance as well as the strategic needs of China.
Reforms including revamps on market access system and trading regulations should be deepened, and regulators should take a two-pronged appr
oach of enforcing both macro-prudential management and micromanagement of behaviors, he said.
He said those causing major financial risks due to their breaches such as lax regula
tion, cover-ups or decision-making failures must be held accountable and face serious punishment.
Efforts should be made to address the current situation where the costs of legal and
regulatory breaches in the financial sector, especially capital markets, are too low, Xi said.
Xi urged enhancing the global competitiveness of China’s financial sector, elevating the two-way opening-up to a highe
r level and beefing up capabilities of financial management and risk prevention and control amid greater opening-up.
But dreams of a new reality for Iran screeched to a halt in May 2018 when President Donald Tr
ump pulled the United States out of the nuclear deal. Despite repeated certifications that Iran was
sticking to its end of the bargain, Trump unleashed several rounds of stinging sanctions on the country.
The US president said the penalties aimed to force Iran to end its military adventurism in the region, a demand that Iranian officials have repeatedly brushed off.
Officially, the sanctions exempt humanitarian goods, such as food, medicine and medicin
al instruments. But in reality, shortages in essential goods have affected households across the country.
Ali now gets the medicines to treat his daughter’s rare genetic disease, from friends living abr
oad. Her medical bill has more than doubled, forcing him to sell his car, work two jobs, and accu
mulate loans. He says that his entire salary from his day job as a waiter goes toward Dory’s treatment.
”I am a wedding singer at night. I try to stay cheery and
keep a smile on my face, but on the inside all I can think about is my daughter,” says Ali.
”We must have faith,” Juventus coach Max Allegri told BT Sport.
”We’ll have some players back and there’s no point crying over spilled milk. We knew it was going to be tough, that Atletico Mad
rid force you to play badly, with a slow tempo. We moved the ball quicker in the first half, but not in the second.
”We got the approach wrong in the second half. It’s that simple. These things can happen, there will be great disappoint
ment after this 2-0, but we can turn it around. It won’t be easy, we need a great second leg, but it can be done and we must have faith.”
In the night’s other game, 10-man Manchester City came from behind to win 3-2 at German side Schalke.
Nabil Bentaleb scored two first-half penalties to cancel out Sergio Aguero’s opener and ensure Schalke led 2-1 at the interval.
City hit back in the second half, recovering from losing Nicolas Otamendi to a re
d card before goals from Leroy Sane and Raheem Sterling secured victory.
Pep Guardiola’s team had looked in control before the game was turned on its head by VAR.