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Geopolitics

Twenty-Two Children Wounded After Attack On Chinese Primary School

XINHUA (China), AL JAZEERA (Qatar)

Worldcrunch

CHENGPING - Twenty-two school children and a villager were injured in a knife attack at the outside a primary school in central China's Henan Province Friday morning, reports Xinhua.

A police officer said the attack occured in the village of Chengping in the province of Henan, shortly before 8 A.M. on Friday, as students were arriving for classes, reports Al Jazeera.

The attacker, believed to be 36-year-old villager Min Yingjun, is in police custody, said officials.

The wounded villager is an elderly woman, according to a local hospital administrator. Two students have been transferred to "better-equipped" hospitals outside the county.

Over the past few years, China has seen a worrying spate of school stabbings, leading to increased security at schools across the country and legislation requiring people to register when buying large knives.

In March 2010, eight children were stabbed to death in the south China city of Nanping.

The 41 year-old murderer was executed a month later, hours before another attacker injured 16 students and a teacher at Hongfu Primary School in Leizhou, Guangdong, reports Al Jazeera.

In April 29 2010, 28 school children - mostly four-year-olds - were stabbed alongside two teachers and a security guard in Taixing near Shanghai.


On April 30, a forty-five year old man committed suicide after using a hammer to attack preschool children in rural Shandong.

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Economy

How A Xi Jinping Dinner In San Francisco May Have Sealed Mastercard's Arrival In China

The credit giant becomes only the second player after American Express to be allowed to set up a bank card-clearing RMB operation in mainland China.

Photo of a hand holding a phone displaying an Union Pay logo, with a Mastercard VISA logo in the background of the photo.

Mastercard has just been granted a bank card clearing license in China.

Liu Qianshan

-Analysis-

It appears that one of the biggest beneficiaries from Chinese President Xi Jinping's visit to San Francisco was Mastercard.

The U.S. credit card giant has since secured eagerly anticipated approval to expand in China's massive financial sector, having finally obtained long sought approval from China's central bank and financial regulatory authorities to initiate a bank card business in China through its joint venture with its new Chinese partner.

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Through a joint venture in China between Mastercard and China's NetsUnion Clearing Corporation, dubbed Mastercard NUCC, it has officially entered mainland China as an RMB currency clearing organization. It's only the second foreign business of its kind to do so following American Express in 2020.

The Wall Street Journal has reported that the development is linked to Chinese President Xi Jinping's meeting on Nov. 15 with U.S. President Joe Biden in San Francisco, part of a two-day visit that also included dinner that Xi had with U.S. business executives.

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