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China's Inner Mongolia strives to ensure coal supply******
HOHHOT, Nov. 7 (Xinhua) -- North China's Inner Mongolia Autonomous Region has made enormous efforts to ensure the supply of coal across the country, as coal consumption saw a surge in early winter.。
A total of 40 coal mines have gradually resumed production in Erdos City, raising the number of coal mines in operation in the city to 231 and increasing the production capacity by 58.6 million tonnes.。
China Railway Hohhot Group Co., Ltd. has also been mobilized in various ways to ensure the transportation of coal for power generation and heating this winter and next spring.。
Since October, more than 30,000 tonnes of coal have been transported every day from Baotou's west railway station. The station has adopted a priority mechanism for coal transportation trains.。
The average daily transportation capacity of the south railway station of Hohhot, the regional capital, has been boosted to 350,000 tonnes from 280,000 tonnes in August.。
Meanwhile, coal mining enterprises in the region have been urged to stabilize coal prices within a reasonable range. Enditem。
Across China: African student falls in love with China's tai chi******
SHIJIAZHUANG, Dec. 8 (Xinhua) -- Practising a set of gentle tai chi moves, Khamisi Ally Abdi feels his body warming against the morning chill.。
The 25-year-old African student in Cangzhou Technical College, north China's Hebei Province, has practiced tai chi for two years. He is now a huge fan of the slow-speed martial art.。
Having worshipped kung fu stars such as Bruce Lee, Jackie Chan, Jet Li and Donnie Yen as a child, the Tanzanian understood Chinese kung fu to be a fast-paced attack and defense art before he arrived in China.。
"Tai chi is different from the Chinese martial arts that I knew. It is slow. But as I practice it, I have realized that the slow motions are far from being simple," Abdi said.。
The school provides a tai chi course for all foreign students. Abdi has already learned to practice tai chi moves with balance and deep rhythmic breathing, which allows him to feel the charm of the exercise. It brings peace and calmness to his mind, while building and toning his muscles.。
Ma Congying, deputy director of the International Exchange Center of the college, said the college has enrolled more than 300 international students from more than 50 countries since 2016, mainly countries along "the Belt and Road."
In the tai chi course, Abdi met a lot of kung fu lovers from African and Asian countries.。
With rich historical resources of martial arts, Cangzhou was named the "Hometown of Martial Arts" by the sports authorities in 1992.。
"It was my parents' wish for me to study international trade to better prepare me for job opportunities in the booming trade between China and Tanzania. But it is my own dream to chase the Chinese martial arts," said Abdi.。
Practicing tai chi has led him to acquire a comprehensive appreciation of this Chinese culture and ideology. He now prefers people call him by his Chinese name Chen Yanzhi, as the characters of Yanzhi carry the meaning of talented and virtuous.。
"Tai chi movements are tranquil and quiet but full of power. It has inspired my understanding of China, which has the same temperament. My mother has felt the same way after she visited me here," Abdi said.。
He said his Rwandan classmate likes to post videos of them practicing tai chi on social media, and another Cameroonian classmate has learned from tai chi how to improve his boxing skills.。
"When I return home, I will use my Chinese name to teach tai chi in my country, so that more people can benefit from this magical kung fu," said Abdi. Enditem。
The danger of the internet turning money into a game
“A friend of mine came up with a variant on [Occam’s razor, which is] that the most ironic outcome is the most likely one,” Elon Musk told fellow billionaire Jack Dorsey and Ark Invest CEO Cathie Wood during a virtual Bitcoin conference in July. Musk, who had been delivering a relatively sober perspective on blockchain technologies, seemed delighted that the conversation had turned to Dogecoin, the satirical cryptocurrency devoted to memes and dogs.
“And then I have a variant on that, which is the most entertaining outcome is the most likely one,” he continued. “If that is true, then the most ironic and entertaining outcome would be that the cryptocurrency [Dogecoin] that was started as a joke to make fun of cryptocurrencies ends up being the lead cryptocurrency.” Musk laughed.
Within minutes, Musk’s to-the-moon energy had spread to Telegram, TikTok, and Reddit. Inspired by Musk’s remarks, rapper Busta Rhymes announced to his 3.8 million Twitter followers that he was now “sold on Bitcoin.” In no time, the cool kids in Discord’s trading forums were labeling Doge a “pleb coin,” implying that regular people were flooding into it and fueling speculation (as of mid-August, it’s up 9,222% year over year).
The year 2021 will be remembered as the moment when financial culture and internet culture converged, leading to investment bubbles in everything from meme stocks to tokenized collectibles. But cryptocurrency trading, a largely unregulated casino, arguably represents the purest synthesis yet of personal finance and online social status. On TikTok, for example, one of the more popular formats involves a bro offering investment tips, talking-head style, while displaying the value of his crypto portfolio behind him; a billion or trillion of anything, apparently, is good for both the ego and the algorithm. And everyone wants in. In the past 12 months, upwards of 5,000 new crypto coins have launched. By August, SEC chair Gary Gensler was sounding the regulatory alarm and asking Congress to step in.
While lawmakers weigh their options, the desire for instant wealth—and the attendant boost in social currency for anyone who got in early and gets out before the inevitable “rug pull”—is overwhelming any warning cries. The vast majority of the amateur investors buying up Dogecoin will lose money, but they’ve gained a chance to burnish their credentials as card-carrying members of an internet tribe led by Musk, who can afford to treat it all like a joke. (Dorsey, a Bitcoin whale, has his own fan base.) “This is much more about a kind of identity formation than it is [about] anything to do with economic forces or motivations,” says Bill Maurer, director of the Institute for Money, Technology, and Financial Inclusion.
当立法者权衡他们的选择时，对即时财富的渴望以及随之而来的社交货币的提升压倒了任何警告的呼声。绝大多数购买狗狗币的业余投资者都会赔钱，但他们也因此有机会给自己的身份贴金，成为马斯克领导的互联网部落的持卡人，而马斯克则可以把这一切都当作一场笑话。(比特币鲸鱼多尔西也有自己的粉丝群)“这更多的是一种身份构建，而不是与经济力量或动机有关的任何事情，”货币、技术和金融普惠研究所(Institute for Money, Technology, and Financial Inclusion)主任比尔•毛雷尔(Bill Maurer)表示。
This pursuit of likes via penny stock altcoins may sound trivial. But it’s a symptom of broader malaise. Upward economic mobility has been declining in the U.S. since 1980, meaning that millennials and subsequent generations have no memory of good times. Warned that they will get wiped out, younger crypto investors respond with a shrug. There’s nothing to lose and everything to gain.
All the while, more and more economic activity is concentrating in attention-economy platforms that Silicon Valley controls. What could possibly go wrong?
Money and status have always been linked, but the gamification of our financial lives didn’t begin in earnest until the 1980s, when Discover Financial, then owned by Sears, introduced a cash-back program tied to its credit card. Soon after, banks and airlines started to team up to tie personal spending to earning miles, which could be redeemed for perks like airport lounge access, encouraging consumers to optimize themselves and their wallets. The more you spend, the higher-class you become! Household debt be damned.
After the 2008 financial crisis, fintech startups, Bitcoin, and gamification ploys all blossomed in libertarian-leaning Silicon Valley, nudging people to see themselves as owners who could transform the system that burned them. The stock-trading app Robinhood, which doles out free shares to new users and lowers the barrier for trading crypto and risky options, represents all these trends in one.
With Robinhood, at least, most users are gambling (er, investing) with their fun money—$20 here, $50 there—in order to create fodder for group texts and snaps. When it comes to maximizing social influence and wealth, the stakes are far higher for professional digital content creators, a group that now numbers more than 2 million. They are playing what tech analyst Packy McCormick, author of email newsletter Not Boring, calls “the great online game,” in which social media is where you make your moves and crypto is how you keep score. Altcoin cryptocurrencies, in particular, offer creators a shot at the kind of equity-based wealth that social platforms have denied them.
至少在《罗宾汉》中，大多数人都在用他们的专门拿来娱乐的钱赌博(或者说是投资)——这里放20美元、那里放50美元——来为群聊和朋友圈创造素材。在社会影响力最大化和财富方面，专业数字内容创作者的风险要高得多，这个群体现在已经超过200万人。他们正在玩的正是Not Boring的作者、科技分析师佩基·麦考密克(Packy McCormick)所说的“伟大的在线游戏”，在这个游戏中，社交媒体是你施展拳脚的平台而加密货币就是你的计分方式。特别是加密货币为创造者提供了社交平台一直拒绝为他们提供的平等获得股权财富的机会。
“They don’t want the constant churn of creating content to be their only revenue stream,” Josh Constine, principal investor for the venture firm SignalFire, says of these vloggers, podcasters, and streamers. The most successful of these folks, he says, will build “a sort of creator pension out of equity stakes” in startups and altcoins aligned with their audiences.
Some tech-world philosophers believe that the great online game will soon be something that everyone plays. For a taste of this future, witness the sudden rise of Axie Infinity, a Pokémon-style game that compensates winners with its own Smooth Love Potion cryptocurrency and is attracting players by the millions. In countries like the Philippines, playing Axie is more lucrative than many traditional jobs—at least for now. “Some people who were previously making $5 per day now make $20 [playing Axie],” McCormick wrote breathlessly in a recent newsletter. Axie’s founders, meanwhile, are on track to make $1.1 billion by the end of the year.
一些科技世界的哲学家相信，这个伟大的网络游戏很快就会吸引所有人。想要体验一下这种未来的感觉的话，可以去看看Axis Infinity的爆火。这是一个类似Pokémon游戏，赢家的奖励则是他们的加密货币“平滑爱情药剂”(Smooth Love Potion)。这个游戏现在已经吸引了数百万玩家。在菲律宾这样的国家，玩这个游戏甚至比许多传统的工作更赚钱——至少目前是这样。McCormick在最近的一份通讯中写道:“一些以前每天赚5美元的人现在通过玩Axis Infinity可以赚20美元。与此同时，Axis Infinity的创始人有望在今年年底前赚到11亿美元。
“The sort of utopian song that goes into [these projects] is about, how do we share the fruits of our commercial activities in a way that rewards users, [but it’s] driven by a self-interest to get users to adopt stuff faster,” says Lex Sokolin, head economist for the blockchain company ConsenSys. “But it’s sitting on top of this hypercapitalist infrastructure. And the infrastructure is owned by billionaires.”
Crypto’s boom can be credited, in part, to social media softening its edges. Savvy developers have learned to mint coins that are likable, shareable, sometimes laughable. Clever promoters like Musk continue to be the biggest winners. Tactical middlemen benefit by collecting exorbitant fees for trading, voting on protocol governance, and other forms of community participation. And the plebs?
What’s happening in money culture right now looks something like this: The masses, frustrated by rigid societal inequality and a lack of economic opportunity, are playing whatever new lottery comes along. They invest their social media selves in lottery communities, and they put their savings in scratch tickets. The price to play is expensive, the rules are designed for them to lose—and they do. According to research firm Chain alysis, investors lost roughly $2.7 billion to investment scams in 2020. All signs point toward even more instances of fraud in 2021. Do your own research, crypto veterans admonish.
“The price of this token can never go down . . . it’s really cool,” the creator of a coin called Surge said in a YouTube interview in August. Thousands of viewers reveled in the hype. “I just bought 367 million [Surge coins] for just 5 bucks!” one wrote in the comments. “This is lightning in a bottle!!!”
We’re almost surely in a bubble. Or rather, we’re in the midst of an ever-rotating cast of mini-bubbles. None may be big enough on its own to create a financial panic. But together, they reveal the deep and increasingly dangerous flaws in our traditional institutions. It would be relatively easy for regulators to devote more resources to policing cryptocurrency. Harder, but far more important, will be rebuilding trust by making economic growth—and the financial establishment that serves as its gatekeeper—accessible to all.
China's Heilongjiang sees robust trade growth in Jan.******
HARBIN, Nov. 20 (Xinhua) -- Northeast China's Heilongjiang Province saw its foreign trade in goods grow by 25.3 percent year on year to 161.5 billion yuan (about 25.3 billion U.S. dollars) in the first ten months of this year, local authorities said.。
According to Harbin Custom in the provincial capital, the province's imports saw a 26.1-percent increase to 125.64 billion yuan in the January-October period. In comparison, its exports grew by 22.5 percent to reach 35.86 billion yuan.。
The province's trade with Russia hit 105.05 billion yuan, up 28.2 percent, accounting for 65 percent of the total foreign trade. Trade with countries along the Belt and Road amounted to 120.3 billion yuan, registering a 26.2-percent increase.。
The customs said that the exports of electrical and mechanical products and labor-intensive products grew by 18.7 percent and 21.8 percent respectively.。
Imports of key commodities in the province such as natural gas and soybeans registered robust growth. In particular, natural gas imports surged by 165 percent to reach 8.2 billion cubic meters during the period. Enditem。
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