Mystery Child Pneumonia Reported in China Hospitals | China In Focus

concerns over an undiagnosed pneumonia outbreak reported across China with sick children overwhelming hospitals we get an inside scoop straight from parents and health workers the world's biggest crypto exchange now paying one of the largest corporate penalties binance's CEO pleads guilty to breaking us law binance facilitated billions of dollars of unregulated cryptocurrency transactions Taiwanese voters are preparing to select their next president while China is ramping up air incursions sending 11 more planes over the unofficial boundary between them with Revenue tripled on AI Nvidia yet warning a significant decline in sales from China a closer look at why what do you think of the Outlook let us know below and subscribe if you haven't [Music] already welcome to China INF Focus I'm Tiffany Meyer a wave of mysterious pneumonia cases is spreading through China the illness is mostly affecting children and patients are overwhelming Chinese hospitals the respiratory Department of One hospital reports seeing more than 3500 patients a day Chinese experts say the disease can be traced back to certain combined pathogens including 19 the flu and micoplasma pneumonia parents say symptoms are often severe this time the child had a high fever repeatedly which never went down this is too scary my wife's sister's child is sick she has a fever of 107° and a cough there are no beds available in the hospital a former Chinese reporter posted a conversation about the issue in a group chat indicating that at least one child has died of the illness the infection is circulating in the area surrounding Beijing as well as in dalan a city almost 500 miles from Beijing a hospital staff member from tening City told us that hospitals are so overwhelmed some children wait days for treatment parents start scumbling several days in advents to get the numbers we only have so many doctors and we can only handle so many people every day so we give out a certain amount of numbers every day you can book in events but you have to be able to grab one first because a huge number of children are getting sick the wave first appeared one month ago and is getting worse parents told us some schools have suspended classes as both teachers and students are sick they added that authorities are trying to block information related to it from circulating online this kind of information is definitely not allowed to be spread weebo will delete accounts that spread it it's not allowed if you want to get to the root of the issue they'll come warn you or even arrest you if it gets serious we're all on tender hooks Chinese media say no one has died so far due to Chinese authorities record of Under reporting infections and covering up information it's difficult to assess the true scale of the current outbreak the head of the world's largest cryptocurrency exchange binance stepping down after pleading guilty to breaking us law the crypto exchange has to pay a hefty $4 billion dollar in penalties for charges related to money laundering according to data from an analysis firm binance has seen outflows amounting to more than1 billion dollar in the past 24 hours here's more it willfully enabled hundreds us Attorney General America Garland announced the plea deal on Tuesday binance Chief champong jaao will personally pay $50 million and the firm he found it will pay a $4 billion penalty prosecutors describe the deal as one of the largest corporate penalties in US history binance facilitated billions of dollars of unregulated cryptocurrency transactions it willfully enabled hundreds of millions of dollars in transactions between American users and users subject to us sanctions and its platform accommodated criminals across the world who use binance to move their stolen funds and other criminal proceeds the justice department says the agreement will settle criminal charges against binance for conspiracy sanctions breaching and an unlicensed money transmitter business binance has been under the Department's scrutiny since at least 2018 the plea deal also resolves civil charges filed in March by the Commodities Futures Trading commission accusing the crypto platform of failing to detect and prevent terrorist financing in 2019 binance's former compliance Chief acknowledged transactions by the terrorist group Hamas binance was originally based in China but it has repeatedly denied any association with the country has moved out of the country when Beijing banned crypto exchanges a few years ago Financial Times says binance's CEO and senior Executives has instructed employees to hide the company's Chinese presence the concealed presence carries a hidden Hazard the question of whether Beijing can access binance's data and that's including that of its us users under Chinese law companies have to hand over user data if officials ask for it bance dismissed the concern American chip giant Nvidia reports more Blockbuster earnings Tuesday fuel by surging Global demand for AI chips but the company says it expects a sharp decline in sales from a key AI player China why the latest us export restrictions are in effect let's take a look Nvidia keeps beating wol Street forecasts the US chip maker has been one of the big winners from the AI boom its semiconductors dominate the market for the new artificial intelligence services on Tuesday the firm again lift did its Outlook Nvidia now forecasts current quarter revenue of around $20 billion that is well ahead of analyst forecasts revenue for the third quarter also came in around $2 billion higher than expected us controls on the export of cuttingedge chips to China are now the company's big worry Nvidia expects a steep drop in fourth quarter sales to the country as a result it has developed lower powered chips that get around the restrictions but industry experts say that takes away vital research resources and the products could just end up on the band list anyway Nvidia stock is up around 240% so far this year but slipped a little in us after hours trade following the China warning should the US trust the Chinese Communist Party President Biden is casting doubt and some Republicans say we shouldn't believe a single word from the regime ntid cus to has more on a recent deal where China agreed to stop the flow of deadly feno from reaching the US after announcing a deal with China to curb the flow of fenel President Biden now sounding skeptical about whether the Chinese regime would actually follow through watch so the United States is going to seek to work together with China to Target the fentol components we're not just going to trust what this this is happening we have to verify it during the Apex Summit in San Francisco last week the White House announced that China had agreed to work with the US to crack down on chemicals needed to make fenel nearly all of which come from China for more than a year Chinese officials have been reluctant to cooperate with the US who curb this flow and now despite this deal Biden's director of drug policy Rahul Gupta is also casting doubt on Beijing schs by pointing to the fact that the last time China had agreed to crack down on fental in 2019 19 it just started instead to ship the ingredients needed to make it to Mexico Republican senator Rick Scott saying directly in the statement that he does not trust a worth that Xi Jinping says and neither should any American including Joe Biden Congressman Mike Gallagher also skeptical about last week's agreement I'm skeptical of the fentanyl agreement I have to confess only because we've seen this movie before but we tend to pay cash up front but for the CCP the check is always in the mail just last month the justice department indicted eight Chinese companies in the fenal supply chain the doj says they use a wide range of trafficking tactics from encrypted messaging apps of fake shipping schemes and Bitcoin payments all to apply and cover their trade leading to the debts of Americans the Taiwanese military is calling attention to another round of air incursions from Beijing taiwan's defense Ministry reported Wednesday that 11 Chinese war planes crossed the sensitive median line of the Taiwan straight The Unofficial boundary separating the island from mainland China Taiwan sent its own forces to monitor the situation the military Flex comes as Taiwan prepares to select a new president this week marks the deadline for candidates to register the Island's ruling Democratic Progressive Party registered its presidential ticket one day before the incursion Beijing strongly opposes the party and has been accused of interfering in the Island's elections instead it shows support for the Island's main opposition party which promises close ties to Beijing if it wins Taiwan staunchly rejects China's sovereignty claims saying only its people can decide their future Taiwan has never been ruled by the Chinese Communist Party voters will head to the polls on January 13th beijing's latest military drills around Taiwan come after a recent meeting between the US and China in it China's regime leader called Taiwan the biggest issue facing current US China ties how should we read the remark entities's Evelyn Lee sat down with Greg Copley president of the international strategic studies Association for details the reality is that the People's Republic of China is not yet ready militarily to invade Taiwan so it's going to have to adopt other approaches to trying to constrain Taiwan in order to save Xi Jinping because he has staked his career on recapturing or capturing rather Taiwan and bringing it into the People's Republic of China it was never part of the People's Republic of China before so he's going to do something otherwise his position within the Communist party is finished uh he has se presided over the collapse of the economy he has delivered nothing uh and he's it's all on the promise that Taiwan will somehow be brought into the Communist family and that's unlikely to happen through military means at this stage so he will try something else which could be a quarantining of the island of Taiwan uh in the near future probably after the January elections in the in in the Republic of China Taiwan I want to touch on what uh Biden was saying during the press conference that the US will maintain a one China policy now what exactly does that mean Washington's policy is this concept of strategic ambiguity saying things which don't necessarily give you a clear idea of where they're going uh in reality even under the Biden Administration which has been very soft on xiin PING uh there has been a a great Improvement in the military support for Taiwan uh and that's that's occurring not just from the US but also from Japan and other allies so uh basically uh both she and Biden have indicated no change at all in their intentions there uh the US however is getting much more accustomed to the thought uh of as to how it will link with the Republic of China the Taiwanese armed forces and reinforce them at a at critical times uh so that message has has been received loudly and clearly by the pla uh which which does not want to risk this escalation at this time now today's top stories from Asia North Korea's leader may now have a better view of key US military facilities according to the country's State media the regime said it had successfully placed its first spy satellite in orbit Tuesday Kim Jong-un was reportedly briefed on the orbiting satellites operations at its control center he was said to have viewed photos of US military installations on Guam including the Anderson Air Force Base the spy satellite is scheduled to begin its formal reconnaissance mission on December 1st that's after adjustments are made over the next few days amid growing threats from the north South Korea will resume aerial surveillance activities near the sheared border the South Korean government decided to suspend the no fly zones near North Korea the North Korean regime is entirely responsible for the whole of this situation and if North Korea makes any additional provocation our military will immediately and vigorously punish North Korea based on the firm South Korea us Joint Defense posture the 2018 inter Korean military agreement will be partially suspended later Wednesday under the agreement the two countries seized all hostile acts against each other they also launched military confidence-building measures like no fly zones South Korea said its decision on whether to pull out of the agreement would depend on the North's follow-up actions and still more response from South Korea the nation's defense minister visited the US aircraft carrier Carl Vincent Wednesday the ship arrived at a port in the South Korean city of Busan on Tuesday its presence is an effort to deter North Korea's nuclear and missile programs the carrier strike group's Commander says the US South Korean Alliance is strong the US Navy will continue training information sharing and sailing with allies and partners across the globe to enhance capabilities and improve coordination on mutually agreeable issues the work we do here with the Republic of Korea and allies makes us stronger in this critical time of uncertainty around the globe bottom line is deterring aggression in the indopacific region outside South Korea the US military is also working with the Philippines military troops from both countries are holding joint sea and air Patrols in waters near Taiwan the three-day exercises started Tuesday the Philippine president called it a significant initiative the drill started around the Philippines northernmost point located about 60 mi from Taiwan it will end in the South China Sea security engagements between the US and the Philippines have soared this year sparking more tension with the Chinese regime that's all for today's China INF focus on YouTube we're now sharing a shorten version of our program here after being demonetized for more than two years last month YouTube removed our demonetization status but reimposed it within days if you'd like to support support us subscribe to our partner platform epic TV where you can watch our full episodes or consider donating find us at donorbox.org china-- Focus here's what to look out for in our second half when Hamas reigned thousands of rockets down on Israel in a sudden attack a retired Colonel with extensive pilot experience in the Middle East says the terrorist group may have bet on allies for support what's really happening a Hamas leader has called for cooperation with China and Russia in its fight against Israel could this escalate into a larger conflict we sat down with Eric buer rard Colonel of the United States Marine Corps and author of ghosts of Baghdad for insight thanks for watching China in Focus I'm Tiffany Meyer see you tomorrow