A new era of Chinese Communist Party terminology under Xi Jinping?

At the ruling Chinese Communist Party’s (CCP) 20th National Congress, which runs in Beijing from Oct. 16-22, its leader Xi Jinping is widely expected to be endorsed for an unprecedented third term in office, after amending the constitution to abolish presidential term limits in 2018.

The move comes amid growing concerns over a Mao Zedong-style personality cult around Xi, as institutions and political figures compete to show the utmost loyalty to Xi and his personal brand of political ideology.

Personal political ideologies — the best-known of these is likely Mao Zedong Thought, as immortalized in the Little Red Book — are used to consolidate power around Chinese leaders, and to ensure their place in the annals of party history since the founding of the People’s Republic of China in 1949, as they are named alongside foundational communist theorists Marx, Engels, Lenin and Stalin.

Each leader has brought with them a new set of political buzzwords, which function as a way for supporters to show political loyalty and unity, rather than as practical instructions for running the country. These come later, in the form of laws, rules, guidelines and directives from the Central Committee and the National People’s Congress.

Here is a breakdown of some of the key phrases linked to Xi’s political ascendancy — some of which are new, and some repurposed:

Xi Jinping thought in the new era of socialism with Chinese characteristics

Xi’s personal brand of political ideology, which functions more as a way of asserting his personal power than bringing new political ideas to the table. Endorsed in November 2021 by a CCP resolution on party history, only the third in its century-long history, supporting “core leader” Xi Jinping to take China into a new era of international assertiveness and long-term Marxist rule.

The people’s leader

A description of Xi Jinping increasingly used by state media since 2019 to boost the image of the CCP general secretary as a lovable man of the people, and to amplify his claim that it was the Chinese people who put him in the top job. Late supreme leader Mao Zedong is the only other Chinese leader to have this epithet applied to him. 

Xi’s adoption of the term is indicative of a growing personality cult around him, according to political analysts and critics within his own party.

Regulating the wealth accumulation system

A promise from Xi to stop some people from getting too rich, too quickly. The concept coincides with a crackdown and curbs on the power of “red capitalists” in recent years, particularly on privately owned tech giants like Alibaba, ByteDance and ride-hailing app Didi in recent years.

It also includes promises to make changes to the taxation and social security systems.

Liu Mung-chun, head of mainland China research at Taiwan’s Chung-Hua Institute for Economic Research, said Xi Jinping views the “real economy” of labor and industry as more important than the digital economy, which he sees as a form of “opiate” for the masses.

Xi doesn’t see mobile and computer gaming, and the entertainment industry in general, as a legitimate form of economic activity, and is promising to reform the education system, medical care and real estate sectors to improve the lives of ordinary people, Liu told RFA.

“It’s actually about the pressures faced by ordinary people … and also about Xi Jinping’s ideas about economic value,” he said. “He is a Marxist who believes that people who make money through labor should be respected.”

The Beijing Exhibition Center held an exhibition on the thematic achievements of Xi Jinping’s ten years in power before the 20th National Congress of the Communist Party of China, Oct. 12, 2022. Credit: Associated Press

Whole-process democracy

The claim that there exists under CCP rule a form of consultative, and therefore democratic, process with input from stakeholders and citizens. 

Generally used to support Beijing’s view that the Chinese system is more efficient, and can deliver better results, than Western-style democracy, particularly when it comes to mass mobilization like that seen in China’s response to the COVID-19 pandemic. 

Foreign minister Wang Wenbin once remarked that democracy isn’t like Coca-Cola, the same flavor wherever in the world you drink it.

Deng Yuwen, a former newspaper editor for a CCP party school publication, said Xi wants to show the world that Western-style democracy isn’t the only path to modernization.

Chinese-style modernization

Analysts told RFA that this is much like modernization anywhere, but specifically tailored to China’s situation.

It is likely linked to the pivot under Xi away from an export-led economy that was the “workshop of the world,” and towards a state-dominated domestic economy, particularly in the face of U.S. tech export bans and economic sanctions.

“This so-called ‘Chinese-style modernization’ is a new term, repackaged to provide ideological legitimacy for [Xi’s] ongoing rule or governance,” Deng Yuwen said. “Repackaging makes it seem new, and gives it a new role in the ideology.”

American hegemony

A common epithet applied to U.S. military power and influence around the world that was widely used in the Mao era, falling out of fashion under the economic reforms and opening up initiated by late supreme leader Deng Xiaoping in 1979. 

The term is now making a comeback in the wake of a trade war with the U.S. and a toughening of China policy under the Trump and Biden administrations, amid growing tensions over democratic Taiwan, and following the Russian invasion of Ukraine.

National rejuvenation

Xi’s concept of “national rejuvenation” positions him as standing up to foreign oppression on behalf of China’s 1.4 billion people. 

It is a long-term project under which China takes its rightful place as a major world power and exports its model of authoritarian rule to other countries.

It forms part of the rationale for Xi to remain at the helm for longer than the two five-year terms previously allowed under the constitution.

Party leadership

The idea that the party, rather than the government, civil society or companies, should run the country right down to the household level, with total party control over industry, agriculture, commerce, education, the military and government. 

Under Xi, this has also led to the setting up of CCP committees in major companies, including foreign enterprises, tight media controls and censorship, and the widespread study of Xi Jinping Thought in universities and mass surveillance of ordinary citizens.

The great struggle

The huge amount of work needed to achieve national rejuvenation and party leadership, as defined by Xi’s ideology. Contains echoes of the political “struggle sessions” of the Cultural Revolution (1966-1976).

U.S.-based veteran democracy activist Wang Juntao said many of the terms presented at the party congress are simply “containers,” or code, for Xi’s supreme leadership over party and country.

“They’re using a new set of vocabulary, but it’s still all about that power relationship,” Wang told RFA. “[It’s still about Xi] having the final say over the affairs of 1.4 billion people … and about the use of violence to force them to obey.”

“The great struggle and party leadership are just containers [for that principle].”

Red country

According Xi Jinping, the country is the people and the people are the country. According to Baidupedia, the “red country” concept denotes ideological unity, of the kind that will likely be needed for the “great struggle” to be a success. The need to achieve ideological unity can also give rise to class struggle, the entry says, adding that the color red also carries connotations of the joy and happiness felt by workers and farmers after overturning their oppressors. The idea also appears to echo the lyrics of revolutionary anthems from the Mao era, like “Chairman Mao is the red sun in all of our hearts.”

Since Xi took power, millions of people have been playing a game testing their knowledge of Xi Jinping Thought via a mobile phone app, which has also been adapted for use in private cars. Analysts say the Xuexi Qiangguo app is a modern-day equivalent of the once-ubiquitous “Little Red Book” of sayings attributed to Mao.

Translated and edited by Luisetta Mudie.

GRAID Technology and primeLine Solutions GmbH Partner to Revolutionize High Performance Computing Across Germany

primeLine Solutions now offers SupremeRAID™, the revolutionary GPU-based NVMe RAID controller from GRAID Technology, to deliver custom HPC storage solutions with impressive performance for demanding workloads.

GRAID Technology & primeLine Solutions

SANTA CLARA, Calif., Oct. 20, 2022 (GLOBE NEWSWIRE) — primeLine Solutions GmbH, a leader in German tailor-made high performance servers, now incorporates SupremeRAID™ GPU accelerated RAID as part of its custom NVMe storage offerings — delivering sophisticated software-composed data protection and impressive performance for demanding workloads.

Based on the NVIDIA A2000 GPU, SupremeRAID™ by GRAID Technology is an innovative NVMe RAID controller that delivers the full potential of NVMe SSD drives in a RAID array. One SupremeRAID™ card can easily manage 32 direct-attached NVMe SSDs, as well as deliver up to 19 million IOPS and 110GB/s throughput.

“We were very excited when we held the first SupremeRAID™ card in our hands for testing purposes,” said Stefan Bangel, General Manager at primeLine Solutions. “The test results from our internal test lab are impressive; our technical department is fully convinced of GRAID Technology. The enormous IOPS and throughput performance of the systems with SupremeRAID™ while simultaneously relieving the CPU is a real game changer. The first servers and storage systems with SupremeRAID™ are now in productive use at our customers with very positive feedback throughout.”

As part of the new partnership with GRAID Technology, primeLine Solutions is offering a limited-time special offer on SupremeRAID™ cards in primeLine server and storage solutions. Click here to learn more.

“We are pleased to announce this partnership with primeLine Solutions to offer flexible, easy-to-configure HPC storage solutions that drive technology forward while delivering our mutual customers an incredible competitive advantage in the German market,” said Leander Yu, founder and CEO of GRAID Technology.

Learn more about primeLine’s SupremeRAID™ offerings and lab test results here or contact the primeLine Sales Team at +49 5731 8694-450 / vertrieb@primeline.org for more details.

About primeLine Solutions Germany

Headquartered in Bad Oeynhausen NRW, primeLine Solutions GmbH focuses on solution-based manufacturing and sales of server, storage, and industrial systems. In addition to established product lines, primeLine also manufactures individually according to customer requirements. With many years of experience in the IT market, the company sees itself as a reliable, flexible manufacturer and partner with an emphasis on uncomplicated service and support. Customers are data centers, research institutions, public institutions, SMEs, system houses and the retail trade. Learn more at www.primeline-solutions.com/de/.

About GRAID Technology, Inc.

GRAID Technology Inc. is headquartered in Silicon Valley, California, with an office in Ontario, CA, and an R&D center in Taipei, Taiwan. Named one of the Ten Hottest Data Storage Startups of 2021 by CRN, as well as a 2022 Emerging Vendor in its Storage & Disaster Recovery category, SupremeRAID™ is the first NVMe/NVMeoF RAID card to unlock the full potential of your SSD performance. For more information, visit graidtech.com or connect with us on Twitter or LinkedIn.

Contact Information:
Andrea Eaken
GRAID Technology Director of Marketing & Media Relations
andrea.eaken@graidtech.com
949-742-9928

Enver Coban
primeLine Germany Account Manager
e.coban@primeline.org

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General Fusion forges ahead on its unique Magnetized Target Fusion technology with the fabrication of an at-scale fusion vessel trial ring

Fusion vessel trial ring

Construction of General Fusion’s demonstration machine, which is being built at the UK Atomic Energy Agency’s Culham Campus, advanced significantly with the fabrication of an at-scale fusion vessel trial ring by Sheffield Forgemasters

VANCOUVER, British Columbia and LONDON, Oct. 20, 2022 (GLOBE NEWSWIRE) — Construction of General Fusion’s demonstration machine, which is being built at the UK Atomic Energy Agency’s Culham Campus, advanced significantly with the fabrication of an at-scale fusion vessel trial ring by Sheffield Forgemasters.

This critical component will confirm the specifications of the thick-walled fusion vessel, designed to withstand the high temperatures and compressive forces needed to create fusion energy with General Fusion’s practical technology – Magnetized Targeted Fusion (MTF).

The vessel is designed to be modular, made up of 11 steel rings bolted together on site. In the future, this cost-effective and efficient method will enable General Fusion to deploy its commercial machines quickly.

The trial ring’s specifications are the same as the rings planned for the fusion demonstration machine and allow the engineering team to validate the performance of the high-strength steel alloy, finalize the vessel design, and confirm the manufacturing process.

The fusion demonstration machine will create fusion conditions, including achieving a temperature of 100 million degrees Celsius in a power-plant-relevant environment. Its results will provide the information needed to design and build a commercial pilot plant that generates electricity at an affordable price.

“Sheffield Forgemasters brings to this project over 200 years of expertise creating complex steel components,” said Greg Twinney, Chief Executive Officer, General Fusion. “Teaming up with world-leading specialists allows us to focus on our commercialization plan and stay on pace to generate zero-carbon electricity by the early 2030s.”

“At Sheffield Forgemasters, we pride ourselves on our innovation and have extensive knowledge and experience in establishing practical manufacturing solutions for disruptive technologies, such as fusion energy,” said David Bond, Chief Executive Officer, Sheffield Forgemasters. “We are thrilled to be a part of this project and to play a role in bringing fusion energy to the world.”

To create the trial ring, a large steel ingot was forged in an open-die press, forming the steel into a donut shape with a diameter of just over three metres. Next, the ingot will be rolled and expanded into a larger, thinner ring; at this point, the ring will span 7.6 metres in diameter. Then, 56 holes will be drilled into the ring. These replicate the holes that will transmit high-pressure gas from the compression drivers to a spinning interior rotor in the fusion demonstration machine. The pressure change will push smaller pistons to collapse General Fusion’s proprietary liquid metal liner around hydrogen plasma and create fusion.

The final trial ring will weigh an impressive 42 metric tons. Sheffield Forgemasters’ engineering team will complete non-destructive testing on the trial ring, which can include visual, ultrasonic, dye-penetrant and magnetic particle inspection, as well as eddy current testing.

“At General Fusion, every decision we make is guided by our mission to bring affordable fusion energy to the electricity grid in a practical way. Projects such as this cultivate our fusion supply chain and show that the time for fusion energy is now,” said Mr. Twinney.

About General Fusion
General Fusion is pursuing the fastest and most practical path to commercial fusion energy and is based in Vancouver, Canada, with locations in London, UK, and Oak Ridge, Tennessee, USA. The company was established in 2002 and is funded by a global syndicate of leading energy venture capital firms, industry leaders, and technology pioneers. Learn more at www.generalfusion.com.

General Fusion Media Relations
media@generalfusion.com
+1-866-904-0995

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twitter.com/generalfusion
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About Sheffield Forgemasters
Sheffield Forgemasters specialises in the design and manufacture of high-integrity forgings and castings for the world’s most complex engineering challenges.

The company operates a fully integrated end-to-end manufacturing process, including steel-making, forge, foundry, machining and testing, from a single site in Sheffield. Some of the largest bespoke engineered steel products in the world are produced with capacity for castings of up to 350 tonnes and forgings of up to 200 tonnes finished weight.

Global markets served include Defence, Civil Nuclear, Offshore, Power Generation, Renewables, Steel Plant, Steel Processing and Ingot & Bar.

The company was acquired in August 2021 by the Ministry of Defence who intend to invest up to £400m over the next 10 years to re-capitalise defence-critical plant and equipment on site.

For further information, contact Agent Public Relations – Billy Greenhalgh on 07730527270 www.agentpr.co.uk.

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Remitly Ushers in New Era of Regional Growth in Asia-Pacific

SEATTLE and SINGAPORE, Oct. 20, 2022 (GLOBE NEWSWIRE) —  Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital financial services provider for immigrants and their families in over 170 countries around the world, today announced key business milestones in the Asia-Pacific (APAC) region. Remitly has expanded its global footprint to include Japan and New Zealand. To date, Remitly has helped customers send $2.5 billion in remittance volume from APAC, and the company is poised for further growth as access to its trusted platform becomes available to millions of new customers in the region.

According to the World Bank, remittances sent from Japan have doubled since 2015 to $8.25 billion in 2020. Additionally, personal remittances sent from New Zealand nearly quadrupled over the past 20 years, totaling close to $875 million. Once Remitly’s new APAC send corridors are operational, customers in Japan and New Zealand will be able to send money across more than 150 corridors using Remitly’s mobile-centric suite of products and best-in-class global network, providing customers and their loved ones a range of disbursement options to meet their specific needs.

“Remitly is proud to serve immigrants living in Asia and the greater Pacific region and to leverage the investments we’ve made in our global payments platform to be the trusted provider for customers sending money home to their loved ones,” said Matt Oppenheimer, co-founder and CEO, of Remitly. “We are on a mission to transform international payments. Helping customers send more than $2.5 billion from the region to date is a testament not only to strong demand, but also to the world-class customer experience Remitly provides, making the process of getting money home faster, simpler, and more reliable.”

“Remitly’s strategic approach to expansion leverages the significant payments infrastructure we’ve built over more than a decade, and is underpinned by our commitment to customers around the world,” said Pankaj Sharma, Executive Vice President, International at Remitly. “Establishing business in Japan and New Zealand will open key corridors as we thoughtfully expand our platform to meet increasing customer demand for trusted financial services”

Remitly’s expansive disbursement network reaches 3.9 billion bank accounts, 705 million mobile wallets, 410,000 cash pickup locations, and offers home delivery in select locations. The best-in-class global network provides an exceptional customer experience, including faster transfers, higher acceptance rates, and improved reliability. While the footprint of the platform continues to grow to more than 3,200 corridors, service is localized for a more personal, differentiated customer experience.

For more information about Remitly, please visit www.remitly.com. To learn more about job opportunities in the region, go to our careers site.

About Remitly

Remitly is a leading digital financial services provider for immigrants and their families in over 170 countries around the world. Remitly helps immigrants send money home in a safe, reliable and transparent manner. Its digitally-native, cross-border remittance app eliminates the long wait times, complexities and fees typical of traditional remittance processes. Building on its strong foundation, Remitly is expanding its suite of products to further its mission and transform financial services for immigrants all around the world. Founded in 2011, Remitly is headquartered in Seattle and has seven global offices, including London, Cork, Singapore, Manila and Managua.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. Such forward-looking statements are based on current expectations, including, but not limited to, statements regarding Remitly’s operational expansion into Japan and New Zealand. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, risks to our business and operating results related to the COVID-19 pandemic; the current inflationary environment; foreign currency exchange rate fluctuations; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Remitly; competition from existing and new competitors. In particular, see recent and upcoming Remitly quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Remitly. Remitly does not assume any obligation to update the forward-looking information contained in this press release.

Media Contact:
Adam Cormier
adamc@remitly.com

Investor Relations:
Stephen Shulstein
stephens@remitly.com

GlobeNewswire Distribution ID 8668710

Nuvei launches instant settlement in new geographies

Nuvei brings new instant settlement options to merchants globally, aiding regions where instant account-to-account payment solutions are not available

Montreal, Oct. 20, 2022 (GLOBE NEWSWIRE) — Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces today that its merchant client base can now benefit from instant settlement globally and around the clock in EUROC and USDT stablecoins.

Fast liquidity is a real revenue accelerator for businesses. While merchants in many countries benefit from instant settlement through various payment schemes such as Instant SEPA, RTP or Faster Payments, alternatives are not always available in all corners of the world. That is where stablecoins come in.

Stablecoins are price-stable digital currencies backed by a fiat currency such as the Euro or US Dollar. Because they combine the benefits of open, borderless cryptocurrency with the price stability of traditional currencies, stablecoins provide new ways to support corporate finance and working capital management.
“The addition of settlement through the EUROC and USDT stablecoins helps merchants build their next-generation payment treasury,” said Nuvei President Yuval Ziv. “Stablecoins can be transacted by utilizing the blockchain making global cashflow easier to manage,” he added.

Nuvei already offers its merchants instant settlement in locations where Instant SEPA, RTP and Faster Payments are available in fiat currencies. But for those merchants trading on the blockchain or those located in regions where these options are not available, settlement in USDT and EUROC stablecoins provides a much needed, viable alternative.

“Providing instant settlement for merchants is part of the broader real-time payments initiatives designed to shape the future of payments,” said Ziv. “With instant settlement now possible globally, around-the-clock and also in EUROC and USDT stablecoins, we’re staying true to our mission of helping merchants accelerate their business through payments.”

About Nuvei 

Nuvei (Nasdaq: NVEI) (TSX: NVEI) is the Canadian fintech company accelerating the business of clients around the world. Nuvei’s modular, flexible and scalable technology allows leading companies to accept next-gen payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 45+ markets, 150 currencies and more than 570 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.

For more information, visit www.nuvei.com.

Investor Relations Nuvei IR@nuvei.com Public Relations Nuvei alexandra.bucur@nuvei.com

GlobeNewswire Distribution ID 8669173

Reproductive Technology Startup Inti Labs Sets Sights on Global Infertility Trend

The company offers innovative and accessible diagnostic solutions that improve IVF success rates

Inti Labs logo

Inti Labs logo

PALO ALTO, Calif., Oct. 20, 2022 (GLOBE NEWSWIRE) — Inti Labs, Inc. (Inti Labs) today announces its official launch and ambitious long-term vision to overcome infertility. The company is focused on developing a range of first-in-class diagnostic tests for the in vitro fertilization (IVF) market. Their tests are aimed at reducing the number of IVF treatment cycles a patient must go through to become pregnant, easing the financial burden on families and increasing the successful turnover at fertility clinics.

The global fertility rate has steadily declined over the years, as more women delay motherhood. Those who choose to have children later often must rely on assisted reproductive technology (ART) such as IVF. While the technology has seen significant improvement in recent years, most women must still go through multiple IVF treatment cycles to obtain a viable pregnancy. In the U.S., a single IVF treatment cycle can cost over $20,000 and is rarely covered by insurance.

“IVF is both financially and emotionally burdensome,” said Inti Labs CEO Dr. Eric Pok Yang, “but new technologies in reproductive medicine can help more women have successful pregnancies with fewer IVF cycles. Inti Labs is focused on making those technologies accessible to hopeful parents across the globe.”

Ambitious to lead the IVF diagnostics market, Inti Labs has launched its award-winning endometrial status test, MIRA®. Already in use at more than 70 institutions worldwide, with ongoing expansion across Europe, the U.S. and Southeast Asia, MIRA® uses unique miRNA biomarkers to more accurately identify a woman’s window of implantation (WOI), the optimal time for embryo transfer. About 30% of women suffering from infertility have a displaced WOI, which, if not factored in during an IVF treatment cycle, can lead to an unsuccessful attempt.

Among those joining Inti Labs’ team is Dr. Barry Behr, fulfilling the role of Chief Technology Officer (CTO). Dr. Behr is a Stanford University Professor Emeritus, where he served as Director of the IVF Laboratory and Professor of Obstetrics and Gynecology. A leading expert in the IVF field, his embryo research has directly led to improved implantation and pregnancy rates.

“With our cutting-edge technology for improved WOI assessment and gamete selection,” said Dr. Behr, “we foresee a not-too-distant future in which a perfect embryo can be reliably achieved in the first IVF cycle. That means one sperm, one egg, and one implantation to deliver a healthy baby.”

Considering MIRA®’s promising early success and other tests nearing the prototype phase, Inti Labs believes IVF will become increasingly reliable and affordable to women everywhere, as we work towards a future where infertility is no longer an insurmountable obstacle.

Inti Labs will be attending the 2022 ASRM Scientific Congress & Expo Oct 24-26 in Anaheim, CA, and invites you to visit their booth (#1433).

Contact Information:
Jesse Prent
Marketing Director
jesse@intilabs.com
(438) 405-1050

Tiffany Wang
Global Business Development Director
tiffany@intilabs.com

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