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China’s historic rise in science and tech stirs criticism

In the past decade, China has emerged as a powerhouse of science and technology, a result of deliberate central planning and heavy spending. But with that growth have come mounting complaints about the Chinese approach to sharing data, protecting intellectual property and, in some cases, conducting research ethically.To get more news about china industry research centers, you can visit acem.sjtu.edu.cn official website.

The rapid rise of Chinese science and technology is historic – more impressive even than such well-known tech success stories as South Korea and Singapore. As China moved from the world’s factory to one of its tech powers, the Chinese government pumped money, sent its students around the world, developed a series of master plans, boosted patenting, and took a progressive stance towards changing the whole science, technology and innovation system.

China has turned into an international challenger in fast growing high-tech areas such as artificial intelligence, the Internet of Things, nanotechnology, biotechnology, quantum computing and Big Data. The UK Research and Innovation Agency projects that China will overtake the US in 2022 as the No.1 nation for R&D investment.

Already by 2017, the Organisation for Economic Cooperation and Development estimated that China accounted for 23 per cent of total world R&D expenditure. And the following year, its spending continued rising to account for 2.19 per cent of gross domestic product, from 2.15 per cent in 2017 – slightly greater than that of the European Union. China has 25 per cent the world’s R&D workforce, and ranked second among countries filing the most international patent applications in 2018 (53,981), just behind the US (55,981).
IP protection has been the main source of friction. Foreign companies operating in China have complained for years about copyright violations, and being forced to transfer technology to China in exchange for market access, investment access or regulatory approvals.

US President Donald Trump, in his Twitter storms, has been most vocal. “They have stolen our Intellectual Property at a rate of Hundreds of Billions of Dollars a year, & they want to continue. I won’t let that happen!” he Tweeted last August.

Likewise, last November Trump’s technology advisor Michael Kratsios said “China stole our intellectual property If we don’t act now, Chinese influence and control of technology will not only undermine the freedoms of their own citizens, but all citizens of the world.” And this fight played out just last month at the World Intellectual Property Office, as the US lobbied successfully against a Chinese candidate becoming head of that organisation.

But IP is not the only source of complaint. Within the EU, several researchers who have collaborated with Chinese scientists have complained about not getting full access to data they wanted for their research – and in the early days of the COVID-19 crisis, researchers from Australia to the US complained that the Chinese, while publishing a gene sequence of the virus, had not promptly made virus samples available. Prior to COVID-19, the most notorious case of a Chinese lapse in research ethics was in 2018, when a researcher in Shenzhen announced the birth of twin girls whose genomes he had edited in an effort to prevent them getting HIV from their infected father. The Chinese government, stung by the resultant international outrage, jailed the researcher.

Gold Price Update

Gold prices rose on Monday, recovering from a sharp decline in the previous session, as investors hoped that a massive economic stimulus would be passed soon in the United States to revive the world's largest economy.To get more news about WikiFX, you can visit wikifx official website.

  Spot gold rose 0.3% to $1,858.57 per ounce by 0039 GMT, having slipped 0.9% in the previous session. U.S. gold futures were little changed at $1,856.60.

  Demand for physical gold picked up last week as the approaching Chinese New Year encouraged buyers in China and Singapore.

  Silver gained 0.9% to $25.61 an ounce, platinum rose 0.6% to $1,105.06, and palladium added 0.1% to $2,355.83.
Gold prices held steady on Wednesday ahead of the U.S. Federal Reserve's monetary policy decision due later in the day and as investors awaited a stimulus package in the world's largest economy.

  Spot gold was little changed at $1,849.76 per ounce by 0031 GMT. U.S. gold futures eased 0.1% to $1,848.60.

  Silver was flat at $25.43 an ounce, platinum rose 0.1% to $1,099.68, and palladium gained 0.1% at $2,326.30.

​Tips to Use Forex News Efficiently

Forex beginners may find it hard to pick out useful information from the miscellaneous forex news. To this end, WikiFX in this paper will introduce some efficient methods.To get more news about WikiFX, you can visit wikifx official website.

  Forex news is mainly sourced from information providers, institutional investors, and banks. Investors who want to take advantage of them should carefully identify their essential differences in practice.

  1. Information providers

  They objectively provide information about the forex market, such as currency prices, real-time financial news, market commentaries, etc. Market commentaries, however, are cited from different institutions rather than represent their own interests. Thus investors should rationally decide which information is reliable.

  2. Institutional investors

  They are usually credible and powerful, and their market analysis for investors is accurate and professional. It is attributed to the common interests between them and their clients.

  3. Banks

  They provide trading platforms and forex-related services. A bank will act as an intermediary in retail forex trading, with its revenue earned from the service fees they charge for transactions. Investors should be cautious about their operational guidance because of the conflicts of interest.

  Further hints: although forex news is an important reference, it should be reviewed objectively. Meanwhile, the analysis of institutional investors could be more worthy of consideration.

  Download WikiFX (bit.ly/wikifxIN) to get lessons from experts who have traded forex for over 20 years.

All Eyes on Taxing the Rich as U.S. Embraces New Administration

  While former Vice President Joe Biden returned to the White House with a record number of ballots, Federal Reserve Chair Janet Yellen was picked to be Treasury Secretary. Traders in financial markets are focusing on their fiscal and monetary policies, hoping to capture the following trends of gold, stocks, bonds and currencies as well as the degree of economic recovery. Among these forex issues, what concerns me most is whether the US dollar will reverse in the wake of their return.To get more news about WikiFX, you can visit wikifx official website.

  The dollar should have rebounded since the DXY has bottomed out after Democrats captured control of the Senate, and since Yellen has made clear at a Senate confirmation hearing that the US does not seek a weaker dollar. But it slid on hearing Yellen's claim that she would oppose any and all attempts by foreign countries to artificially manipulate currency values to gain an unfair advantage in trade. Yellen also called for a hefty stimulus package and said she would examine the prospect of longer-term debt issuance, which leaves traders in the worries of additional fiscal burdens. Although Yellen has pledged to raise taxes sharply, traders decided not to go long on the dollar amid disappointments on the unpredictable launch and the unclear rate.

  There is a general consensus among financial markets that the US economy will see a vigorous recovery under the leadership of Biden and Yellen. Traders, however, are worried that the economic revival will come at the expense of the fiscal deficit, which will weigh on the dollar. The key factor determining the dollar's future direction is how many taxes will Biden and Yellen increase on corporations and wealthy Americans. A more-than-expected tax hike will dispel misgivings about an increasing fiscal deficit, sending potential gains to the dollar. Another factor involving the dollar's reversal is the degree of the country's economic recovery. If the US recovers faster than other industrialized countries, chances are the Fed will exit the market earlier than other central banks. In the case of big tax hikes, the retaliatory economic rally may bring chances for the Fed to exit the market, putting the dollar on the track of a powerful rally.

  Biden signed seventeen executive orders his first day in office but left Trump's tax plan still on the table, which missed the market expectation. In general, the dollar will decide its direction according to Biden's practice. He pledged to tax the rich more and substantially raise the minimum wage. If there is a serious dilution of the promises, the dollar will suffer from further losses. On the contrary, a retaliatory rally in the dollar is foreseeable, with sharp corrections in commodities and non-U.S. currencies on the cards.

Republic Day Special "GIVEAWAY"- Updated

  Participate in our Republic Day Special “GIVEAWAY” and get Rupees absolutely free. 2 lucky winners who will get 1000 rupees each.To get more news about WikiFX, you can visit wikifx official website.

Follow these simple steps to participate

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  NOTE: Must follow all the steps otherwise you will be eliminated from this GIVEAWAY.

  Hurry & Participate now the winner will be announced next Monday on 1st February 2021.

​Forex Trading Secrets Never Outdated

An important concept in forex trading is “strategies outweigh predictions”. It is your strategy that will protect your funds when the predictions proved to be acceptable. Here are some tips for trading forex, which will never turn outdated and will save you from the brink of being left behind.To get more news about WikiFX, you can visit wikifx official website.

  1. Be confident

  In the face of a temporary reversal, you should stick to your plan and believe yourself, rather than deny your ideas or trading models.

  2. Trade with the trend

  Stay on the sidelines in a calm market, and change your position in a fluctuating one. For instance, traders should not make any hasty investment when the downtrend remains unchanged, nor should they sell in a hurry when the uptrend keeps sustained.

  The trends will move on for a period once showing their first signs, market inertia that smart traders will take advantage of.

  3. Risk management is more important than profiting

  Its sustainable trading, instead of the unsteady windfall profits, that investors should go for. To trade is to control risks in essence. Profits are on the way to your account if you could effectively manage the risks. Traders will earn profits from risk management rather than hard work.

  4. Keep an eye on long-term trends

  The longer the trend lasts, the more clear it will be. This tip is easy to learn, but most traders in the hope of making a quick buck can hardly accept it.

  Download WikiFX (bit.ly/wikifxIN) to get lessons from experts who have traded forex for over 20 years.

Being Deceived Over and Over Again

  Last year I met a girl from Hong Kong on a dating site. After long-time conversations, she advised me to invest in gold and introduced a broker MagKing Forex. First I deposit $200 and made nearly $300 profits with her signals. However, things started to be different since my second deposit.To get more news about WikiFX, you can visit wikifx official website.

  After getting my trust, the girl convinced me to make a deposit of $3,000 to earn more money. But after I applied for a withdrawal, my money wasnt withdrawn for a long time. I was told because of my change of withdrawal IP address, my account was temporarily under protection. I was told to make a deposit of $4,500 so that my account would automatically remove the protection system...of course I did it...BUT this turned out to be not enough.

The girl contacted me and said the sum that exempted me from the system of funds protection was $10,500. The girl transferred $5,000 to my account and promised if I deposited another $5,000, the support service would remove the limit on my account as said, and in two days I could withdraw my money!

  BUT IT TOOK TWO DAYS TO APPLIED FOR A WITHDRAWAL OF FUNDS, AFTER WHICH MY FUNDS DID NOT ARRIVE IN MY ACCOUNT. I wrote to the support service, and they said that I still had to make a deposit because the deposit the girl made seemed abnormal. I wrote to the girl, and she reacted negatively and said that I should return her money. It was then that I realized I had been deceived.
Risk warning: On the WikiFX App, the comprehensive score of MagKing Forex is only 1.40 and the broker currently has no valid regulation. This platform is a Ponzi Scheme, please stay away!

  As a leading forex media, WikiFX has recorded detailed profiles of over 24,600 forex brokers, which are all compiled from objective data of authoritative sources. Investors can easily look up the information of any forex broker. Meanwhile, WikiFX also offers investors a wide range of industry dynamics and market trend analysis, and you may visit WikiFXs website for more information.

What Qualities Should Good Forex Broker Has?

WikiFX sorts out the following features of a good Forex trading platform for traders to stay away from illegal platforms and make the right choice.To get more news about WikiFX, you can visit wikifx official website.

  1. Regulated by international authorities with verifiable regulation numbers. All operations on the platform, including deposits and withdrawals, are under regulation. Traders can lodge a complaint with regulators once encountering problems with funds. International authorities include FCA, ASIC, NFA, FSA, and CIMA.

  2. Apply genuine MT4 software. Traders using counterfeit software will suffer from slippage and trade at prices different from those in global markets. To get familiar with the platform and spot their pain points, they are advised to adopt the MT4 simulator, in which all operations are the same as real things except the funds.

  3. Approve withdrawals within 48 hours.

  4. Willing to compensate for slippage.

  5. Large-scaled. Only these platforms could afford the maintenance of MT4. Traders can judge the platform by observing its trading products and the spread cost charged.

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