It is necessary to expose the 'foreign ghosts' spreading rumors about Chinese economy: Global Times editorial

Has China's Shanghai turned into a "ghost town"? This "nonsense" that can be easily distinguished by both Chinese people and foreigners with basic common sense has astonishingly become the headline of an article in the well-established American news magazine, Newsweek. There are indeed people playing tricks behind this absurd situation, and it's necessary for us to expose these "foreign ghosts" and bring them into the light of day.

Newsweek probably wouldn't be so ignorant to genuinely believe that Shanghai is becoming a "ghost town." Therefore, it appended a question mark to the headline, likely to deflect responsibility for spreading false information and rumors. However, the magazine cited three photos from social platform X (formerly known as Twitter), which were taken in the Lujiazui financial district of Shanghai. It didn't bother to verify the authenticity of these photos, when and under what circumstances they were taken. Instead, it simply adopted the exaggerated claims made by the photo uploader, suggesting that the desolate roads and an empty Starbucks in the photos indicate "deep trouble" for the Chinese economy. Such an approach is not just unprofessional but is essentially a form of rumor-mongering with a certain level of "technical sophistication."

The report begins by stating that the internet erupted in debate about whether Shanghai has turned into a "ghost town" following a "viral tweet showing empty streets." It then acknowledges that many residents have disputed this notion. However, it quickly shifts the focus to people's concerns about the Chinese economy. In fact, there should be no debate about whether Shanghai, China's megacity with a population of 25 million permanent residents, is a "ghost town." Only those who are blind, deaf, or mentally impaired don't comprehend this fact.

Discerning individuals can clearly see that the main focus of Newsweek is to sensationalize the economic downturn in China, a trend that has been particularly popular in Western media recently. Newsweek has caught onto a sensational gimmick and has disregarded its own image. By combining the visually shocking photos with the provocative term "ghost town," it has created a strong psychological suggestion that "China's economy is in trouble." It must be said that this kind of misinformation operates on a more "sophisticated" level.

If only Newsweek is doing this, then it is an isolated case, indicating the media outlet's problematic professional ethics and the negative impact it caused is not significant. However, starting from March or April this year, not only Newsweek but also other US and Western media outlets have been selectively using some specific data from a certain point or in a certain field to generalize, and even fabricate information to undermine, the Chinese economy. This is a coordinated and large-scale campaign, with consistent steps, intense actions, and extensive content, which is rare in recent years. Can we say that this is a coincidence?

In the field of economics, there is a term called narrative economics, which uses storytelling to influence judgments, even at the cost of creating false information, to undermine the morale and confidence of the target and attempt to deter foreign investment, thereby having a substantial impact on the economy. The US has openly regarded China as its biggest competitor and even treats China as an imaginary enemy in many practical aspects. We cannot expect it to engage in fair competition with China. In order to win this "competition" initiated by itself, the US often resorts to any possible means. This perspective can explain the phenomenon in which the US is badmouthing the Chinese economy in a collective manner and can also roughly predict the US' future actions toward China, indicating that it aligns with the basic facts.

From this perspective, including the rumors of Shanghai being a "ghost city," all kinds of negative comments are actually a cognitive and psychological warfare launched by the US and the West against China, targeting the confidence in China's economy both domestically and internationally. In their view, Shanghai is an international metropolis, so smearing its reputation will deal a "heavy blow." However, this time, Newsweek has hit the wrong target. Enterprises have the most sensitive instincts. If even the stores in Lujiazui are "empty," why did Starbucks announce last month that it would invest 1.5 billion yuan ($206 million) to establish an innovation and technology center in China and why did it plan to have about 9,000 China outlets by 2025? If China's economy is facing a long-term crisis, why are American technology companies still striving to expand their presence in China despite various restrictions?

For China, some people from the outside creating false information about China's economy is despicable and condemnable. We must first maintain composure and judgment, not be swayed by malicious rumors and manipulations, and concentrate on doing our own things well. Let the fact that China's economy is thriving and moving forward vigorously serve as the most powerful refutation against them.

Evergrande fails to meet CSRC’s regulation on issuing offshore bonds

Debt troubled real estate giant Evergrande announced on Sunday that due to an ongoing investigation into its main onshore unit Hengda Real Estate Group Co, the cooperation has failed to meet China Securities Regulatory Commission’s (CSRC) rule on issuing new bonds and repay its $19 billion offshore debt. 

As of close of trade, Evergrande suffered heavy losses in the Hong Kong stock market, falling by more than 20 percent. 

On Friday, Evergrande postponed its creditors meetings scheduled this Monday and Tuesday, which was already delayed twice in August. 

Failing to issue new debt may halt the troubled corporation’s plan to reorganize its over 19 billion offshore debts. In March, Evergrande attempted to roller over its original debt by replacing it with new notes with maturities of 10 to 12 years. 

The once largest real estate company in China is now in deep debt crisis, and facing difficulties due to the weak real estate market. From its previous disclosure, Evergrande suffered a net profit loss of 524.2 billion yuan in 2021, and that of 52.7 billion yuan in 2022. In the first half of 2023, it struck a 17.9-billion-yuan net profit loss, causing the company to be insolvent, with a consolidated net asset of -386.7 billion yuan.

The ongoing investigation was posed by CSRC, on August 16, Hengda posted a notification of a lawsuit, saying the company is being charged of suspected violation of information disclosure. 

China, Germany hold high-level financial dialogue, both sides committed to combating trade protectionism

China and Germany held the 3rd China-Germany High Level Financial Dialogue in Frankfurt on Sunday, during which both sides reached consensus on 25 items for raised for discussion. 

The two countries reiterated that this dialogue mechanism is a key platform for bilateral exchange and policy coordination on strategic, overarching, and long-term fiscal and financial issues, according to a statement on the website of the Ministry of Finance.

The re-start of the high-level financial dialogue between China and Germany is of significance to not only the two sides but also to overall China-Europe economic and trade relations, Li Yong, a senior research fellow at the China Association of International Trade, told the Global Times on Sunday.

This is "a good opportunity" for China and Germany to increase understanding of each other against the backdrop of rising global challenges, he said.

Both sides agreed to strengthen cooperation on fiscal and financial matters, and open market access based on a level playing-field, while committing to combating trade protectionism, and supporting the rules-based, non-discriminatory, fair, open, inclusive, equitable, sustainable and transparent multilateral trading system with the WTO at its core.

They agreed that the global economic landscape remains uncertain by complex structural risks. In this context and in light of generational challenges ahead, including the transition to carbon neutrality, both sides are committed to bolstering global confidence and enhancing strong, sustainable, balanced, and inclusive growth for the global economy.

China and Germany are committed to jointly promoting global economic recovery and sustainable development, and aim at safeguarding global financial stability. Both sides support the role of the G20 as the premier global forum for international economic cooperation. 

Both sides agreed to strengthen exchanges regarding digital developments in financial services markets, including developments in central bank digital currencies.

Germany welcomes China's progress in recent years in building a stronger regulatory environment for foreign banks in China. And they encourage qualified financial institutions to invest and conduct business in each other's market. Both sides agree to strengthen investment cooperation, actively promote domestic enterprises to invest in each other's market, and reduce obstacles in two-way investment.

Li said major European economies have been facing difficulties such as an energy crisis due to the Russia-Ukraine conflict, but the Chinese economy continues to recover and is playing an increasingly important role in global governance. In this regard, strengthening cooperation with China will also benefit Europe's economic growth.

‘One of a kind’ mainland-Macao satellite a result of intl collaboration: chief scientist

The "Macao Science 1" satellite that the Chinese mainland and Macao co-developed was "one of a kind" featuring great uniqueness and innovation. It is a result of international collaboration by leading scientists from around the world and has in turn attracted many Western institutes to join the work, Zhang Keke, chief scientist of the "Macao Science 1" satellite, told the Global Times in an exclusive interview. 

Two "Macao Science 1" satellites were successfully launched into orbit on May 21, 2023, marking the first space science satellite program jointly developed by the Chinese mainland and the Macao Special Administrative Region.

Macao Science 1 takes a twin-satellite approach. Satellite A carries payloads including high-precision magnetometers to detect Earth's magnetic field. Satellite B is equipped with payloads like high-energy particle detectors and solar X-ray instruments to obtain space environment data.

Satellite A is the world's first low-latitude geomagnetic field and space environment scientific detection satellite, featuring the highest geomagnetic field detection accuracy in China. It will significantly improve the level of the country's space magnetic measurement technology, according to the China National Space Administration. 

During an exclusive interview with the Global Times, chief scientist Zhang Keke said that they are now carrying out in-orbit testing, which is expected to be completed by the end of this year, after which they will collaborate with Western and domestic scientists to conduct scientific research based on the data obtained.

Zhang told the Global Times that the research and development of the satellite is the most challenging among all satellites of this type. 

For one thing, the satellite must be non-magnetic to avoid inducing its own magnetic field, and its measuring instrument needs to be far away from all electronic instruments, generators, and other equipment. 

Therefore, it was designed into a unique shape with a box sticking to the end of a long pole, extending to eight meters. This means that it has to be folded up during the rocket launch and unfold after arriving in orbit. 

"When everyone was cheering for the success of the launch back then, I was actually very nervous as we waited for the pole to fully unfold. It took about two hours before we knew the unfolding maneuver had been performed perfectly," Zhang recalled. 

When asked if his team has encountered any restrictions in its collaboration with Western scientists given the tense relationship between China and the US, Zhang said it wasn't an issue since "for us scientists, there should not be limitations in cooperation due to the so-called decoupling, as science knows no borders." 

Many technical problems were difficult to solve, and they received help from researchers from European countries during the R&D process, Zhang said. He is now leading a team of about 30 scientists, some of whom are from the Chinese mainland and Macao, while others are from the US, UK and France among other countries. 

What's more, they have signed agreements to jointly conduct research on the satellite with 18 top research institutes from around the world, including those from France, the US, the UK, and Germany. 

"Westerners came to us, not the other way around," Zhang said proudly, as he introduced the unique advantages of the satellite. "The scientific project you are working on must be of interest to others, and that means it must be a first in the world. Our satellite is the first high-precision Earth magnetic field measurement satellite launched at a low inclination angle, which is of great significance to scientific advancement."

The expert further explained that the existing high-precision Earth magnetic field measurement satellites are polar satellites, mainly measuring the changes in physical parameters from the South Pole to the North Pole. And the Macao Science 1 has filled in a gap for east-west directions.

Elaborating on the importance of studying Earth's magnetic field, Zhang said that it not only provides a protective shield that blocks high-energy charged particles from the Sun from entering the atmosphere, but applies to almost every area of human beings' daily lives. 

"Living on Earth, we need to know how changes occur and what changes will happen in the future. And that's really a question of the movement of the Earth's magnetic field," Zhang said. 

Scientists generally believe that the magnetic field occurs in the Earth's core more than 3,000 kilometers below the surface. It is extremely hot at over 5,000 C, mainly consisting of molten iron. This produces a lot of kinetic energy, which is converted into magnetic energy, thus producing a magnetic field.

However, as humans can only drill down into the Earth's surface to a depth of 12 kilometers, we cannot see anything. The only way is to observe the changes of the Earth's magnetic field in time and space, requiring the use of satellites. 

This is essential for satellite navigation for airplanes, ships, and spacecraft, which is very important for a country's economy, industry, and national security.

Mountains on Pluto are a winter wonderland of methane snow

Over the ground lies a mantle of white — on Pluto. Snow-capped peaks on the dwarf planet dot an otherwise ruddy terrain. But these snowy summits appear to be composed of methane, not water, researchers report online March 3.

Mountain tops in Pluto’s Cthulhu Regio, a dark landscape abutting the planet’s famous heart, reflect more light than the surrounding area. The New Horizons spacecraft, which flew past Pluto on July 14, found that the bright regions correspond to surface deposits of methane. Mission scientists speculate that perhaps methane in the atmosphere on Pluto behaves like water in the air on Earth, building up on the ground as frost at the highest (and coldest) elevations.

Zika structure mapped for first time

Zika now has a face to go with the name.

New microscopy images of the virus reveal a bumpy, golf ball‒shaped structure, similar to that of the dengue and West Nile viruses, researchers report March 31 in Science. It’s the first time scientists have gotten a good look at Zika, the infamous virus that has invaded the Americas and stoked fears that it is causing birth defects and a rare autoimmune disease (SN: 4/2/16, p. 26).
Cracking Zika’s structure is like getting the blueprints of an enemy’s base: Now scientists have a better idea of where to attack. “This certainly gives us great hope that we will be able to find a vaccine or antiviral compounds,” says study coauthor Michael Rossmann of Purdue University in West Lafayette, Ind., who’s known for mapping the first structure of a common cold virus in 1985.

Researchers have been racing to solve Zika’s structure, says UCLA microbiologist Hong Zhou. “I was trying to work on the same thing myself.” But the new study’s authors beat everybody. “I was impressed they were able to do it so quickly,” Zhou says.

Rossmann and colleagues imaged a strain of Zika collected from a patient during a 2013‒2014 outbreak in French Polynesia (the strain is nearly identical to the one now spreading through Latin America).

The team used a technique called cryoelectron microscopy to create a three-dimensional picture of Zika. It’s a pretty sharp image, says study coauthor Devika Sirohi, also of Purdue. She and colleagues can clearly see the virus’ shape and can even make out sugars protruding from its surface.

These sugars, which look like little red doorknobs, hang from proteins in Zika’s shell. The knobs may help Zika attach to — and infect — human cells. The team discovered that Zika’s knobby regions look slightly different from those of related viruses. Zika’s sugar-decorated proteins “fold a little differently,” Sirohi says. And that might let Zika make different contacts with attachment sites on cells, called receptors. That could “influence what kind of cell the virus infects,” she says. These differences could explain why Zika infects cells not typically targeted by dengue or West Nile.
One of the receptors targeted by Zika could be AXL, a protein crowded on the surface of neural stem cells, researchers propose March 30 in a separate study published online in Cell Stem Cell. Zika virus is thought to preferentially infect these early-development brain cells, and it could potentially use AXL as an easy entry point, study coauthor Arnold Kriegstein of the University of California, San Francisco and colleagues suggest.

Of course, exactly what role subtle structural differences play in Zika’s infection ability is “only speculation at this point,” Sirohi says. The team now plans to test how tweaking the knobby regions of the virus affects Zika’s virulence.

Nearby exoplanet trio new target in search for life

Three Earth-sized planets orbiting a star practically next-door might be a good place to hunt for alien life — or at least check out some worlds that are different from anything in our solar system.

The planets orbit a dim, cool star just 39 light-years away in the constellation Aquarius. Each is outside or possibly on the edge of the star’s habitable zone — where average temperatures are just right for liquid water. But there could be niche locales on these worlds where alien life might thrive, Michaël Gillon, an astrophysicist at University of Liège in Belgium, and colleagues report online May 2 in Nature.
A year on the two inner planets lasts just a couple of days. Data on the third world are sparse; it could take anywhere between 4.5 and 72.8 days to trek around its sun. The star, designated 2MASS J23062928−0502285, is roughly the size of Jupiter — about one-tenth as wide as our sun — and about 3,200 degrees Celsius cooler than the sun. Such runts make up about 15 percent of the stars in the galaxy, though astronomers had not found planets around one before. All three planets were discovered as periodic dips in starlight in late 2015 using TRAPPIST, a telescope at La Silla Observatory in Chile.

If anything does crawl or grow on these worlds, it bathes in mostly infrared light. The innermost planets receive several times as much energy from their star as Earth does from our sun, which technically puts them outside the star’s habitable zone (SN: 4/30/16, p. 36). But the planets are huddled up so close to the star that gravity might keep them from spinning, creating a temperate zone along the line where day turns to night, the researchers suggest.

Faint red stars such as this one are the best place to look for warm rocky planets, says Nicolas Cowan, an astronomer at McGill University in Montreal. Planets, even small ones, are easier to see around these dim bulbs rather than sunlike stars. NASA’s planet-hunting Kepler space telescope has already shown that planets exist around similar stars, but those are too far away to investigate further. “This [study] finds a nearby example,” says Cowan.

Being nearby is important for studying the atmospheres of such worlds, or learning whether they have atmospheres at all. They may not. Red dwarf stars take a long time to form; planets arise while their sun is still a puffy, temperamental ball of contracting gas. “That might bake off all the water and the atmosphere,” Cowan says. Astronomers won’t know, though, until they point some big telescopes toward these worlds.

The Hubble Space Telescope might be able to get a crude look. But NASA’s James Webb Space Telescope, scheduled to launch in 2018, could gaze at these planets and measure how much starlight is being absorbed by molecules in their atmospheres. If there is an atmosphere, James Webb could look for such gases as oxygen and methane (SN: 4/30/16, p. 32). On Earth, at least, those gases are produced by plants and microbes.

Whether or not life has found a home on these worlds, all offer a peek at unfamiliar environments. The two planets closest to the star, for example, are bombarded with more energy than Venus, notes Lisa Kaltenegger, an astronomer at Cornell University. “How would Venus evolve if you heat it up even more?” she asks. “We don’t have such planets in our own solar system, so it is really interesting to find out what such planets can be like.”

How to trap sperm

New sperm-catching beads could someday help prevent pregnancy — or enable it.

Researchers created microscopic polymer beads that mimic unfertilized eggs and trap passing sperm. The beads are coated in the sperm-binding section of a protein called ZP2. In mammals, ZP2 is found in membranes around unfertilized eggs; sperm must bind to the protein before entering the egg.

The beads could be used as short-term contraceptives, Jurrien Dean of the National Institutes of Health in Bethesda, Md., and colleagues report in the April 27 Science Translational Medicine. In the laboratory, human sperm attached to the beads within five minutes. The researchers then mixed 100,000 human sperm with 1.5 million beads and 28 mouse eggs containing human ZP2 proteins. After 16 hours, only one sperm reached an egg.
In another experiment, beads coated with mouse ZP2 delayed pregnancy when injected into the uteruses of mating female mice. Bead-free mice took just over 28 days, on average, to conceive and give birth; bead-treated mice didn’t have babies for nearly 73 days on average. The beads didn’t appear to cause swelling or damage, and treated mice were able to give birth again within five months.

The beads could also help combat infertility. In an egg-penetration test, researchers gently detached bead-captured sperm and pitted those sperm against a control batch of sperm that had not been exposed to the beads. More than half of eggs (mouse eggs with human ZP2) exposed to the bead-selected sperm ended up with three or more sperm attached to them; none of the eggs exposed to the control group snagged three or more sperm. In fact, the control group failed to penetrate 38 out of 50 eggs. So the beads could someday be used to select healthy sperm for assisted reproduction, the researchers say.

But it’s not clear if the ability to bind to ZP2 necessarily indicates a healthy sperm, says Andrew La Barbera, chief scientific officer of the American Society for Reproductive Medicine in Birmingham, Ala. “Sperm selection is a very complex undertaking because of the fact that sperm are very complex,” he says. “We don’t know what makes a good sperm.”

Contraception might be a more reasonable future use for the beads, although allowing fertilization of one in 28 eggs is underwhelming, La Barbera says. Birth control should be closer to 99.9 percent effective. “It only takes one sperm to fertilize an egg,” he says. Still, the beads’ performance at blocking pregnancy in mice seems promising, La Barbera says. Future experiments would need to determine if the beads are safe and effective in women, and how many beads are needed to prevent conception.

Dean notes that the study is a proof of principle. Many unknowns must be evaluated before using the beads for birth control, including the side effects of long-term use, he says. “Although promising, we are a long way from translating these basic laboratory observations into useful clinical applications that provide people with better reproductive choices.”

These mystery mounds are actually giant piles of earthworm poop

During the rainy season in the Orinoco Llanos of Columbia and Venezuela, an odd landscape feature appears in places: mounds of grassy plants, as big as five meters across and two meters tall, surrounded by water. Traversing this landscape, called surales, requires either hopping from mound to mound or trudging through the boggy bits in between.

Locals and scientists have generally agreed that some kind of earthworm creates the mounds, but what species and how it does so has been a mystery. Now Anne Zangerlé of the Braunschweig University of Technology in Germany and colleagues report that they’ve found the culprit — giant Andiorrhinus earthworms, which can grow to a meter in length as juveniles. And the mounds themselves, the team reports May 11 in PLOS ONE, are actually made mostly of earthworm poop.

Zangerlé and her colleagues used Google Earth images to locate surales landscapes, finding that they come in the shape of both mounds and labyrinths. Leaving the complex labyrinths for a future study, the team studied the mounds and the lands on which they were found in both the rainy and dry seasons. They characterized the soil and the plants and worms living in and on the mounds. And then they pieced all of that information together to come up with a scenario that they think explains the construction of the mounds.
Andiorrhinus earthworms deposit feces, or casts, in towers that give the worms access to the air so they can breathe. The worms then return to the tower, depositing more and more material, building the tower into a mound. These young mounds, the researchers found, are dominated by Andiorrhinus earthworms. But over time, as the mounds get even bigger, other worm species begin to make their home there, as well as plants and, eventually, if the mounds get big enough, trees.

The Andiorrhinus earthworms tend to stay around the same mound because, as they build, they excavate soil from the region around the mound. That moat gets deeper and deeper until it becomes a barrier to the giant earthworm that created it.

The researchers don’t quite understand everything that is happening in the system. For example, there could be an as-yet-unknown end stage to mound development, or some kind of equilibrium state for the landscape. But they note that “these ecosystems are under threat from industrial agriculture, and are being leveled to make way for highly intensified commercial production of rice.” Because of that, they say, there is a risk that these wonderfully complex and mysterious systems could disappear before anyone fully understands what made them in the first place.

Plate tectonics just a stage in Earth’s life cycle

Earth’s plate tectonics could be a passing phase. After simulating rock and heat flow throughout a planet’s lifetime, researchers have proposed that plate tectonics is just one stage of a planet’s life cycle.

In the simulation, the Earth’s interior was too hot and runny at first to push around the giant chunks of crust, researchers report in the June Physics of the Earth and Planetary Interiors. After the interior cooled for around 400 million years, tectonic plates began shifting and sinking, though the process was stop-and-go for about 2 billion years. The simulation suggests that Earth now is nearly halfway through its tectonic life cycle, says study coauthor Craig O’Neill, a planetary scientist at Macquarie University in Sydney. In around 5 billion years, plate tectonics will grind to a halt as the planet chills.

The long delay before full-blown plate tectonics hints that the process could one day begin on currently stagnant planets, says Julian Lowman, a geodynamicist at the University of Toronto who was not involved in the research. “There is a possibility that plate tectonics could start up on Venus if conditions were right,” he says.
Plate tectonics regulates a planet’s climate by adding and removing carbon dioxide from the atmosphere. This climate control helps maintain Earth’s habitability. Plate movement is driven by heat flow through the planet’s interior. Simulating that heat flow requires complex calculations. Previous simulations were simplified and typically considered only snapshots of Earth’s history and missed how plate tectonics evolves over time.

O’Neill and colleagues simulated Earth’s full tectonic life span, starting with the planet’s formation around 4.5 billion years ago and looking ahead to around 10 billion years in the future. Even using a supercomputer and simulating only a two-dimensional cross section of the planet, the calculations took weeks.

The new timeline suggests that Earth’s plate tectonics is just a midpoint in the planet’s evolution between two stagnant states. Planets with different starting temperatures than Earth’s follow different trajectories, the team found. Colder planets may exhibit plate tectonics throughout their history while hotter planets could go for billions of years without plate tectonics.

Just because a planet currently lacks plate tectonics doesn’t make it uninhabitable, O’Neill says. Life potentially appeared on Earth as early as around 4.1 billion years ago (SN Online: 10/19/2015), a time when the new simulation suggests that Earth lacked full-blown plate tectonics. “Stagnant planets, depending on when they are in their history, can be equally likely of supporting habitable conditions” as planets with plate tectonics, O’Neill says.