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alia. In fact, any organizations or individuals providing communication services to Australia
are subject to its jurisdiction, whether its “company, server, manufacturing location” is locat
ed in Australia or not. More shockingly, the law imposes an extraordinary duty of confidentiality. The priva
te sector, which assists law enforcement, cannot disclose the details of the instructions it receives, or even the ins
tructions themselves. Otherwise, the violators will be put into prison for up to five years.
In The Spirit of the Laws, Montesquieu warned: “Constant experience shows us that every
man invested with power is apt to abuse it, and to carry his authority as far as it will go.” The bill, with its secrecy, broa
d jurisdiction and powers that can set up “backdoors” of systems, has caused widespread fear among Austr
alians, with many thinking the law has opened “Pandora’s box” of “surveillance states”.
pply (M2),” said Sheng Songcheng, a central bank adviser and a former director of the central bank’s statistics department.
The central bank released M2 data on Friday, which recorded a 13-month high of 8.6 percent by the end of March, accelerating from 8 percent by February.
Aggregate social financing, a gauge to measure broader financial activities including trust funds and local govern
ment bonds, also grew faster than market expectations. That total financing amount grew to 2.86 trillion yuan in Mar
ch, or a 11.1 percent growth from a year earlier, compared with 10.6 percent in February, said the central bank.
“According to the latest economic data, there is less necessity for RR
R cuts, but it requires further observation on future changes,” said Sheng.
If the central bank further cuts the RRR, when economic growth is already stabilized, inflation wi
ll surge, and possibly lead to funds flowing into the property sector instead of supporting the real economy, he added.
A 2.9-magnitude earthquake at a depth of 17 kilometers was detected at 1:25 pm on Sunday in Be
ijing’s Haidian district, according to the China Earthquake Networks Center.
Two earthquake experts said the minor quake was a normal activity in the
earth’s crust caused by changes in crustal stress, and th
ere is no need for the public to panic, according to a report on huanqiu.com.
“It is a normal and isolated event,” said Guo Xun, dean of the Civil Engineering
School at the Institute of Disaster Prevention.
“As Beijing is at the junction of the earthquake zones of Shanxi province, the
Hebei Plain and Yanshan Mountain, the city will e
xperience one to two earthquakes at around magnitude-3 degree every year,
according to past exper
ience,” Sun Shihong, a researcher at the
China Earthquake Networks Center, added.
More than 60 countries will send naval delegations to participate in the 70th anniversary of the founding of the Peo
ple’s Liberation Army Navy in late April, a spokesman for the Ministry of National Defense said on Thursday.
The celebration will showcase the progress of the PLA Navy and its growing capabili
ty in safeguarding China’s overseas interests as well as regional and world peace, an expert said.
The multinational naval event will take place in Qingdao, Shandong province, in late Ap
ril, said ministry spokesman Senior Colonel Wu Qian. April 23 is the 70th anniversary of the PLA Navy’s founding.
The naval event will include high-level dialogues, an international fleet review, military band performances, cultural and sports e
xchanges as well as other activities, Wu said. Some nations will send military ships to participate in the fleet
review, though details are still in the works and will be announced at a later date, he added.
A memorial service was held on Wednesday for victims who died in a chemical plan
t explosion seven days prior in Xiangshui township, Yancheng city, East China’s Jiangsu province.
More than 200 officials, police officers, firefighters, bereaved families and volunteers attended the serv
ice at 7:30 am. The cars at the site honked their horns and attendees presented flowers to pay tribute to the victims.
To date, the deadly explosion of Jiangsu Tianjiayi Chemical Co in Yancheng’s Xiangshui county has claimed 78 lives.
According to Chinese tradition, the seventh day after a death marks the height of the mourning period.
subsidies continue gradual phase-out
China will whittle down subsidies on new energy vehicles as the industry develops and cost drops, aiming to boost high-quality development in the NEV sector.
The newest measure will lower subsidy standards for new energy passenger cars, buses and t
rucks, taking factors such as industry growth, cost reduction and subsidy phase-out policies into consideration, the
Ministry of Finance said in a joint statement Tuesday, adding the move was set to bring more competition in the industry.