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China Holiday Makes Business, Cultural Waves Around World

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A performer from Taiwan dressed as the "Third Prince" poses for a photograph in front of the sheep decorations during the rehearsal of International Chinese New Year Night Parade in Hong Kong Wednesday, Feb. 18, 2015. Decades ago the Chinese New Year holiday, also known as Spring Festival, had little impact outside of China. But as the country has gained outsized economic influence, the holiday, which has enormous cultural significance in the Chinese-speaking world, has become more prominent. (AP Photo/Kin Cheung)

A performer from Taiwan dressed as the “Third Prince” poses for a photograph in front of the sheep decorations during the rehearsal of International Chinese New Year Night Parade in Hong Kong Wednesday, Feb. 18, 2015. Decades ago the Chinese New Year holiday, also known as Spring Festival, had little impact outside of China. But as the country has gained outsized economic influence, the holiday, which has enormous cultural significance in the Chinese-speaking world, has become more prominent. (AP Photo/Kin Cheung)

KELVIN CHAN, AP Business Writer

HONG KONG (AP) — Decades ago the Chinese New Year holiday, also known as Spring Festival, had little impact outside of China. But as the country gained outsized economic influence, the holiday, which has enormous cultural significance in the Chinese-speaking world, has become more prominent. This is how it ripples around the world.

— FACTORY FREEZE

Chinese factories shut down for the holiday and then some, with hundreds of millions of migrant workers heading to their hometowns, part of the world’s largest mass movement of people. In the lead up to the holiday, factories run flat out to fill orders before shutting. The holiday itself runs from Feb. 18 to 24 this year, but workers start setting off as much as two weeks earlier on packed trains and buses. After the holiday they may take the same amount of time to return, or not. The holiday is a prime occasion to switch jobs.

It all means an annual headache for retailers and importers overseas who rely on China. Shipping companies warn customers that China’s transport and logistics networks are at capacity and their shipments must be at ports two weeks ahead of the holiday to stand a chance of getting on a boat before the country shuts down. This year, shipping delays are compounded by a slowdown at U.S. West Coast ports.

— QUIET MARKETS

Stock market trading shudders to a halt as mainland China shuts for an entire week and financial hubs such as Hong Kong and Singapore take a break as well, albeit shorter. Numerous other countries including South Korea and Vietnam also observe Lunar New Year holidays. Muslim majority Malaysia and Indonesia, with large Chinese minorities, take holidays too.

Trading volumes “drop off considerably” about three working days before the start of the holiday, said Andrew Sullivan, managing director at Haitong Securities in Hong Kong. This year, Friday was “the last day that you can sell in Hong Kong and get your money before Chinese New Year” under trading settlement rules, he said. Foreign investors also tend to wind down trading in Asia as the holiday nears, Sullivan said.

— GLOBAL SHOPPING

The festival is traditionally the most important time of the year for family reunions, but as China has become prosperous, an increasing number of wealthy Chinese are opting to travel abroad. That translates into big business for global luxury brands. Many British department stores, for example, are pulling out all the stops to woo mainland Chinese shoppers. (Designer handbags, watches and jewelry can be up to 30 percent cheaper in Europe because of high luxury taxes in China.)

Harrods is selling its own brand of red envelopes traditionally used to give “lai see,” or lucky money. Selfridges and luxury brand Burberry are each offering cards and envelopes personalized with Chinese calligraphy. Designer label Vivienne Westwood has launched a collectors’ necklace featuring a sheep pendant. Shoppers at Fortnum & Mason paying with UnionPay cards — China’s homegrown payment network — will get bonus gifts.

Chinese spending in Britain last February jumped 23 percent over the same month in 2012, said Gordon Clark, manager at Global Blue, a Switzerland-based firm that tracks luxury retail spending worldwide. Chinese shoppers spend an average 739 pounds ($1,137) per transaction in Britain each February, mostly on luxury jewelry, watches and designer clothes.

— ECONOMIC DISTORTION

Because the Lunar New Year never falls on the same date, it plays havoc with Chinese economic data at the start of the year. Economists are cautious not to read too much into figures from January or February, and prefer to wait until March to see the trends lest they make an incorrect interpretation of the world’s second-biggest economy. Last year, the holiday started on the last day of January which meant activity was more compressed as factories rushed to get their orders out the door. This year, the holiday falls about two and half weeks later, so factories had more time to work on orders. The result is that this year’s January trade data, for example, was artificially weak.

“We always warn about the CNY effect and the risk of reading too much into these figures at this time of year,” said Julian Evans-Pritchard of Capital Economics. “This affects most of the data out of China in January and February as well headline export growth in countries such as Korea that are heavily dependent on the Chinese market.”

— CHINESE ABROAD

The holiday is celebrated by Chinese communities around the world. In San Francisco, where about one in five residents is of Chinese descent, the celebration is stretched over a few weeks, with fairs, beauty queens, bazaars, lion dances and deafening firecrackers in Chinatown. The festivities culminate in the San Francisco Chinatown Chinese New Year Parade, complete with feisty 270-foot-long (82 meters) dragon. It’s such a big deal that schools close for the holiday.

Pius Lee, chairman of the city’s Chinatown Neighborhood Association, said its Chinese New Year celebrations resemble those in Hong Kong and Shanghai, especially the parades and family reunions where food is abundant and children get red envelopes filled with crisp “lucky” dollar bills.

But unlike in China, San Francisco workers will take just two or three days off, said Lee. “We can’t follow China’s system because the cost of shutting down for many days here is a lot higher than in China,” he said. Lee said many grocery stores and other shops close for two or three days but a handful remain open to tend to the tourists who flock to the downtown neighborhood for a glimpse of China.

The festivities have also embraced foreign culture. For example, the traditional red envelopes, usually decorated with gold Chinese letters, are sold by Chinatown merchants with pictures of Pokemon and Disney characters.

New York dazzled crowds with a 20-minute fireworks display Tuesday over the Hudson River organized by the China Central Academy of Fine Arts, which said it was the first time the holiday had its first major celebration outside of China.

— HOLIDAY SURPRISE

Just because it’s a holiday doesn’t mean there won’t be any major surprises. Chinese officials are notorious for releasing big news during important holidays, unexpected announcements that “hit you with your pants down unprepared,” said Francis Lun, CEO of GEO Securities. The timing may be an attempt to reduce the impact on financial markets, or for the more skeptical, to bury bad news. In 2011, the central bank raised interest rates at the tail end of Chinese New Year.

___

Associated Press writers Kristin J. Bender and Olga R. Rodriguez in San Francisco, Sylvia Hui in London and Cara Anna in New York contributed to this report.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Black History

Biden acknowledged America’s ‘Original Sin of Slavery,’ Pledged Infrastructure Dollars and Long-Term Financial Aid

“Our people lie at the heart of a deep and profound connection that forever binds Africa and the United States together.  We remember the stolen men and women and children who were brought to our shores in chains and subjected to unimaginable cruelty,” Biden said in remarks at the National Museum of Slavery, which is built near the chapel where enslaved individuals were forcibly baptized before being sent to America. The museum was built on the property of Álvaro de Carvalho Matoso, one of the largest slave traders on the African coast. 

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President Biden met today with President João Lourenço to highlight the transformation of the U.S.-Angolan relationship and reaffirm our joint commitment to continue working together to address global challenges.
President Biden met with President João Lourenço to highlight the transformation of the U.S.-Angolan relationship and reaffirm our joint commitment to continue working together to address global challenges.

Will Biden’s aid for an above-the-ground Railroad help ease the pain for the African Americans’ Underground Railroad?

By Post Staff
And news dispatches from the Guardian, CNN and AP

When President Joe Biden went to Angola this week the purpose was ostensibly to advance the Lobito Corridor, an unfinished 800-mile railway project meant to facilitate the transfer of critical minerals from interior countries to western ports for exports.

But in a visit to the country’s slave museum, he acknowledged America’s dark past and its connection to Angola in the presence of three descendants of the first captives who arrived in Virginia from Angola in 1619.

The child of two of those captives — Antony and Isabella — was William Tucker, born around 1623. Three of his descendants were present when Biden spoke at the country’s slave museum and humbly acknowledged how the horrific history of slavery has connected the United States and Angola.

“While history can be hidden, it cannot and should not be erased. It should be faced. It’s our duty to face our history,” he said. “The good, the bad and the ugly. The whole truth. That’s what great nations do,” he said.

“It was the beginning of slavery in the United States. Cruel. Brutal. Dehumanizing. Our nation’s original sin. Original sin. One that’s haunted America and cast a long shadow ever since,” Biden spoke as he honored the Tucker family.

After introducing Wanda Tucker, Vincent Tucker and Carlita Tucker, he delivered a hopeful vision for the future in a major speech from the country that was the point of departure for millions of enslaved Africans.

(Wanda Tucker now serves as the faculty chair of psychology, philosophy and religious studies at Rio Salado College in Arizona.)

“Our people lie at the heart of a deep and profound connection that forever binds Africa and the United States together.  We remember the stolen men and women and children who were brought to our shores in chains and subjected to unimaginable cruelty,” Biden said in remarks at the National Museum of Slavery, which is built near the chapel where enslaved individuals were forcibly baptized before being sent to America.

The museum was built on the property of Álvaro de Carvalho Matoso, one of the largest slave traders on the African coast.

Biden told the attendees that he’s proud to be the first president to visit Angola and that he’s “deeply optimistic” about the future relationship between the nation and the US.

“The story of Angola and the United States holds a lesson for the world. Two nations with a shared history, an evil of human bondage,” Biden said. “Two nations on the opposite sides of the Cold War, the defining struggle of the late part of the 20th century. And now, two nations standing shoulder to shoulder working together every day. It’s a reminder that no nation need be permanently the adversary of another.”

Biden’s trip aimed to highlight U.S. investments in Angola and the continent in the face of deepening Chinese influence in the region, as Beijing has poured hundreds of billions of dollars into Africa through its Belt and Road Initiative.

Biden took a swipe at China’s moves, without calling out the country by name, and argued the US presents a better alternative.

“The United States understands how we invest in Africa is as important as how much we invest,” Biden said.

“In too many places, 10 years after the so-called investment was made, workers are still coming home on a dirt road and without electricity, a village without a school, a city without a hospital, a country under crushing debt. We seek a better way, transparent, high standard, open access to investment that protects workers and the rule of law and the environment. It can be done and will be done,” the president said.

Biden’s speech comes during what likely could be his last trip abroad as president and as he seeks to deepen relationships with Angola and other African nations at a time when China has made significant inroads in the continent with hundreds of billions of dollars of infrastructure investments, far outpacing the U.S.

During his remarks, Biden touted U.S. efforts to expand its relationships across Africa, including billions of dollars in investments in Angola.

He also announced over $1 billion in new US humanitarian assistance for Africans who have been displaced by historic droughts across the continent.

“But we know African leaders and citizens are seeking more than just aid. You seek investment.

So, the United States is expanding its relationships all across Africa,” Biden said, adding later: “Moving from patrons to partners.”

Ahead of his remarks, the president also met with Angolan leaders, including young people at the museum.

Biden started his day with a bilateral meeting with Angolan President João Manuel Gonçalves Lourenço at the presidential palace in Luanda.

The two men discussed trade and infrastructure, including the US and Europe’s investment in the railroad. They also discussed mutual security interests as Angola has played a key mediating role in the conflict in the eastern Democratic Republic of the Congo.

In November, Angola announced their Incremental Production Decree of fiscal terms designed to enhance the commercial viability of developing oil and gas fields. The decree enhances the commercial viability of developing fields in mature blocks, underexplored areas and stranded resources, while encouraging exploration near existing infrastructure. The US Railroad infrastructure investments could play a major role in enabling increased recovery from producing fields and extending the lifespan of critical infrastructure, the decree is set to generate billions in offshore investments, create jobs and drive economic growth, solidifying Angola’s position as a leading oil and gas producer.

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Activism

South African Solidarity Committee Hosts 31st Annual Celebration

“We’re all together for each other celebrating 31 years of building international solidarity between the people of the United States and South Africa toward the implementation of the 1955 Freedom Charter and 2030 Sustainable Development Goals,” said COSAS Operations Manager Nicole Richards.Located in Berkeley, COSAS is dedicated to the continuing struggle by the people of South Africa’s need for independence.

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Zimbabwean dance and music group performs at COSAS' 31 Year Celebration at the East Bay Church of Religious Science. Photo By Carla Thomas.
Zimbabwean dance and music group performs at COSAS' 31 Year Celebration at the East Bay Church of Religious Science. Photo By Carla Thomas.

By Carla Thomas

The Committee of South African Solidarity (COSAS) celebrated its 31st anniversary on Saturday, Oct. 26 at the East Bay Church of Religious Science in Oakland.

Themed “Ubuntu,” a word in Zulu and Xhosa, which means “I am because we are,” the event brought together supporters and community members.

“We’re all together for each other celebrating 31 years of building international solidarity between the people of the United States and South Africa toward the implementation of the 1955 Freedom Charter and 2030 Sustainable Development Goals,” said COSAS Operations Manager Nicole Richards.

Located in Berkeley, COSAS is dedicated to the continuing struggle by the people of South Africa’s need for independence.

A soulful meal was prepared by Chef Rene Johnson and Blackberry Soul Catering along with live entertainment and speakers.

COSAS is an all-volunteer, private membership organization, made up of South Africans, Africans, students, professionals, clergy and others committed to building solidarity between the working people of the U.S. and the South African people still struggling for economic and political freedom.

Formed in 1993, the organization promotes the “real nature” of the changes and struggles taking place in South Africa and the African continent, according to Richards.

“COSAS counters ‘disinformation’ and ‘misinformation’ in the U.S. and Western mainstream media that creates division and distrust,” Richards said. “We produce the South African Beacon and organize and transport solidarity shipments of school supplies to South African grade schools requesting assistance,” Richards said.

According to organizers, COSAS is completely run by volunteers, free from the corporate and government agendas that continue to keep South Africa dependent on the West.

“We rely on the support of concerned individuals. Call us today about how you can get involved by sorting and packing supplies, donating office equipment, and supporting special events,” said Richards.

Earlier in the year, COSAS hosted its World Affairs film showing at Downs Memorial United Methodist Church. The screening featured a short film, “Feeding a Crisis: Africa’s Manufactured Hunger Pandemic,” exploring the hunger challenges African countries face and approaches to resolving the issues.

Contact the Committee for South African Solidarity, 1837 Alcatraz Ave., Berkeley, CA, 510-251-0998 for volunteer opportunities and event information.

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Community

How Mobihealth Drives a Telemedicine Revolution in Africa

As a child growing up in northern Nigeria, Dr. Funmi Adewara experienced a severe hand injury that required multiple surgeries and frequent hospital visits. These visits exposed her to the harsh realities of the country’s healthcare system. “I remember sitting in overcrowded waiting rooms, watching doctors stretched thin, unable to meet the needs of so many patients,” Adewara recalls. This formative experience ignited her passion for transforming healthcare in Africa.

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Dr. Funmi Adewara, founder and CEO of telehealth company Mobihealth. Mobihealth International photo.
Dr Funmi Adewara, founder and CEO of telehealth company Mobihealth. Mobihealth International photo.

By Ifeanyi Abraham

CNN

As a child growing up in northern Nigeria, Dr. Funmi Adewara experienced a severe hand injury that required multiple surgeries and frequent hospital visits.

These visits exposed her to the harsh realities of the country’s healthcare system. “I remember sitting in overcrowded waiting rooms, watching doctors stretched thin, unable to meet the needs of so many patients,” Adewara recalls.

This formative experience ignited her passion for transforming healthcare in Africa.

Growing up with a mother who worked as a nurse, Adewara’s understanding of healthcare challenges deepened through her mother’s stories.

“I knew early on that healthcare wasn’t a privilege — it was a necessity, and I wanted to be part of changing the system,” she explains.

After training as a physician, Adewara worked for 15 years in the United Kingdom’s National Health Service before founding the telemedicine platform Mobihealth in 2017.

Since its launch, Mobihealth has impacted thousands of lives, connecting patients with doctors and healthcare professionals across Nigeria and beyond.

The platform has 20 integrated telehealth clinics that offer remote consultations, diagnostics, and access to specialist care via digital health tools. Located primarily in Nigeria, these clinics are accessible to patients through various subscription plans and are often financed through partnerships with global donor organizations and private donors.

In addition to the clinics, Mobihealth has partnerships with over 200 hospitals, labs, and pharmacies, Adewara says.

The company has earned global recognition, including a $1 million grant from the U.S. Trade and Development Agency in 2022. Adewara was also one of the World Bank’s seven 2020 Sustainable Development Goals & Her award winners, selected from over 2,400 entries worldwide.

Connecting Rural Patients

Across sub-Saharan Africa, millions struggle to access basic healthcare. According to the World Health Organization, the region bears 25% of the global disease burden but has only 3% of the world’s healthcare workers.

“In rural Africa, a trip to the nearest hospital can mean the difference between life and death,” says Adewara.

Mobihealth’s latest initiative offers healthcare for $1 a month for rural and underserved populations. It allows Africans in the diaspora — and global supporters — to sponsor essential services like doctor consultations, diagnostic tests, and access to telemedicine clinics.

The scheme is not solely based on donations; individuals can also subscribe to the service for themselves.

“Healthcare systems across Africa are under immense pressure,” Adewara explains. “Our initiative is a direct response, using technology to connect rural patients with doctors thousands of miles away.”

For Adewara, Mobihealth’s telemedicine platform is not a temporary fix; it represents the future of healthcare in Africa.

“This is about creating a resilient, sustainable and inclusive system, where people, no matter where they are, can access the care they need,” she says.

“Telemedicine brings doctors to people, wherever they may be. By integrating AI and remote monitoring, we are improving the speed and accuracy of care, saving lives in the process,” she adds.

A number of African companies provide telemedicine services, but researchers have pointed out that there are obstacles that could hinder the growth of telemedicine in the continent.

Rural areas can have an unreliable electricity supply and poor internet connectivity, and there is often a lack of government policies and funding around virtual healthcare.

“A Healthcare System for the Future”

Adewara envisions scaling her company’s model to reach millions more across Africa, particularly in countries like Ghana, Kenya, and Ivory Coast.

“Our work is just beginning,” she says. “We are building a healthcare system for the future — one that is resilient, inclusive and capable of meeting Africa’s growing population’s needs.”

However, partnerships are crucial to achieving this vision. “We can’t do this alone. Our collaborations with the African diaspora, hospitals, governments, and international organizations allow us to reach more people and ensure that healthcare is affordable, efficient and accessible,” Adewara adds.

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