Liu Gang, the founder of PayNews.net, a Hangzhou-based

online news service focusing on China’s mobile payment industry, said to Securities Daily he

expects the run-up of cashless payments will maintain for three to five years until it takes up as much sha

re of consumption as possible, as consumers incrementally wade farther into cashless payments.

Data from PBOC revealed banking financial institutions in 2018 conducted 220.31 billion deals in non-cash paym

ents involving 3,768.67 trillion yuan, a rise of 36.94 percent and 0.23 percent year-on-year respectively.

In the same period non-banking payment institutions, mainly referring to third-party online payment service providers, had 530.61 b

illion deals, surging 85.05 percent, and the transaction volume was 208.07 trillion yuan, up 45.23 percent fro

m the previous year. Mobile payment platforms Alipay and WeChat Pay occupy over 90 percent of market share.

By the end of 2018, a total of 424 commercial banks and 115 payment institutio

ns were connected to a unified clearing platform set up by the Payment and Clearing Association of China, PBOC said.

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Taking into account the Trial Chamber’s conclusions reflec

ting the magnitude of Karadzic’s crimes, the Appeals Chamber is in agreement with the Prosec

ution’s position and considers that the 40‐year sentence inadequately reflects the extraordinary gra

vity of Karadžić’s crimes as well as his central and instrumental participation in four joint criminal enterprises,” said the judge.

“Given the above, the Appeals Chamber considers that the sentence of 40 years imposed by

the Trial Chamber underestimates the extraordinary gravity of Karadzic’s responsibility and his inte

gral participation in ‘the most egregious of crimes’ that were committed throughout the entire period of the con

flict in Bosnia and Herzegovina and were noted for their ‘sheer scale’ and ‘systematic cruelty,'” added Joensen.

The now 73-year-old Karadzic led the breakaway Serbian entity of Republic of Srpska, located w

ithin Bosnia, during the Balkan wars of the 1990s that were initiated by the breakup of former Yugoslavia.

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He went into hiding in 1996 and was finally arrested in 2008

Serbian capital, Belgrade. Karadzic was heavily disguised by a white beard, long

hair and spectacles, living under a false identity as a “spiritual healer.”

Karadzic is the highest-ranking political figure to have been brought to justice over the bitter ethnic conflicts of the 1990s.

Wednesday’s judgement was handed down by the UN’s international residual mechanism for cr

iminal tribunals, which deals with cases left over from the now dissolved courts for the former Yugoslavia and Rwanda.

In November 2017 the court also sentenced former Bosnian Serb army leader Ratko Mladi

c to life in prison after finding him guilty of genocide for atrocities committed during the Bosnian war from 1992 to 1995.

Mladic was charged with two counts of genocide and nine crim

es against humanity and war crimes for his role in the conflict in the former Yugoslavia fro

m 1992 to 1995, during which 100,000 people were killed and another 2.2 million displaced.

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His arrest may have an impact on upcoming Indian election

due to take place in May.

The discovery of the alleged fraud and Modi’s refusal to return to India to face criminal charges has in

creased pressure on Prime Minister Narendra Modi — no relation to Nirav Modi — who promised to fight corruption in India.

Tuesday’s arrest and the possibility of extradition could help to improve the Prime Minister’s tarnished image.

Rahul Gandhi, leader of the principle opposition party Congress, has repeatedly attacked PM Modi on his failure to bring fugitives back to India.

In 2016, liquor baron Vijay Mallya left the country owning an estimated $1.6 billion to 17 Indian banks.

The process for Mallya’s extradition to India is ongoing. He has denied fleeing the country ov

er his debts and described charges of fraud and money laundering as “false, fabricated and baseless.”

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New Zealand Police Commissioner Mike Bush said Wedn

esday that 21 victims had been identified, but warned it would take longer than expected to formally identify all of the deceased.

A mass funeral is expected Thursday when an unknown number of victims will be interred.

Salwa had wanted a separate, faster funeral for her husband and son, Akil said.Flowers and signs have been laid at mem

orial sites around the city for victims who were killed in last Friday’s attacks in Christchurch, New Zealand.

Wednesday’s ceremony started after midday. A procession of cars slowly turned throug

h the gates into Memorial Park Cemetery, past armed police officers and towards a tent screened off by a white fence.

Through the windows of a minivan, one guest could be seen with bandages around his head.

Volunteers in yellow hi-vis vests corralled the guests — some had come fro

m other cities, others from overseas, to lend their support to their wider Muslim family.

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Ardern also impressed — both inside New Zealand and ov

  verseas — with her quick action following the attack.

  She was quick to label the incident a terrorist attack, a designation that can be lacking fo

r far-right killings, and within hours had vowed to change the law to prevent future atrocities.

  ”Our gun laws will change,” she said, evoking memories of former Australian Prime Minister John Howard who clam

ped down on guns within two weeks of the 1996 massacre at Port Arthur in Tasmania, which killed 35 people.

  True to her word, New Zealand’s cabinet met Monday and agreed on “in prin

ciple” changes to be detailed next week. They’re expected to include a ban on semi-automatic weapons.

  The move has proved popular on the streets of Christchurch wher

e heavily armed police stand guard at roadblocks heaped with flowers in remembrance of the dead.

  ”I think a lot of us in New Zealand have watched what’s happened in America and we sure as hell don’t want to see th

t here,” said Trish Jamieson, a social worker who was laying flowers near the Linwood mosque on Sunday.

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We are not here to deliver the Cup and leave. We are here

to stay by making big investments,” said the 38-year-old Greek.

“Of course our sport is very popular in China and organizing the Cup will make it even more popular. A good perfo

rmance by the national team will give it an extra boost. We are harnessing our potential under the leadership of Yao Ming.”

FIBA’s footprint in China has become more noticeable in recent ye

ars. Last June, the governing body unveiled plans to build a “one-of-a-kind” basketball aca

demy in Beijing in conjunction with Beijing Enterprises Group Company Limited to foster young Chinese talent.

And, in collaboration with the CBA, the first-ever FIBA World Basketball Summit was held in Xi’an, Shaanxi province in October.

President Xi Jinping on Monday presided over a symposium in Beijing for teachers of ideological and political theory.

Xi, also general secretary of the Communist Party of China Central Committee

and chairman of the Central Military Commission, delivered an important speech at the symposium.

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It’s essential to always stay close to the latest technology t

better serve the public,” said Shan Jixiang, director of the Palace Museum.

Shan said there is still much room for improvement in the handling of a huge number of cultu

ral relics, such as when the priceless painting Along the River During the Qingming Festival is exhibited again next year.

The Northern Song Dynasty (960-1127) landscape painting is considered the best-known a

ncient Chinese work of art. When it was last exhibited in 2015, visitors stood in long lines until 3 am to get a

glimpse. The museum ended up preparing instant noodles to serve the hungry visitors.

“I don’t want that scenario to recur,” Shan said. “Our operation can be done in a more scientific way.”

The new system will make use of the more than 3,000 closed-circuit television cameras that

are installed all over the Palace Museum. Shan said facial-recognition technology will determine whi

ch areas are most popular with frequent visitors in order to analyze their preferences.

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The country has also launched various measures to enha

ce the efficiency of financing services, shortening the approval time from two to three months to five to seven working days, according to Zhu.

To increase financial support for small and micro firms, the country also vows to strengthen control and su

pervision of counter-cyclical adjustment, urge banks to provide better loan services, and improve the financial service enviro

nment, Zhu added.China should step up the construction of underground gas storage facilities to meet increasing dema

nd during the peak consumption period in winter, according to Zhang Mingsen, former deputy chief engineer of the Beijing Research Institute of Che

ical Industry under the State-owned oil giant China Petroleum and Chemical Corp.

The government should provide fiscal and tax subsidies for the construction of underground gas stor

age facilities and improve the pricing mechanism for natural gas to achieve a more open gas market system, said Zhang in his sug

gestions to the National Committee of the Chinese People’s Political Consultative Conference.

China consumed 280.30 billion cubic meters of natural gas in 2018, u

p 18.1 percent year-on-year, according to the National Development and Reform Commissi

on, the nation’s top economic regulator. The increase is in line with the country’s aim to encourage the use of gas instead of coal to combat air pollution.

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ppetite for high-end products rising, says Mengniu

Mengniu Dairy Co Ltd, China’s major dairy maker based in Inner Mo

ngolia, said high-end dairy products tailored to local preferences will be a leading future tren

d in China’s dairy industry, to meet the increasingly diversified demand from quality-conscious consumers.

The dairy maker said it has witnessed remarkable growth in sales of its yogurt, low-temperature milk and cheese produ

cts in the past few years. Products with high added value in terms of flavor, nutrition, packaging and convenience are fav

ored by Chinese consumers, spurred by growing incomes and purchasing power, the company found.

For example, the popularity of Tetra Pak’s eight-sided packaging, which is easy to hold, and boxed dairy products that c

an be consumed directly from the pack, show the demand for more convenient products from consumers.

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