Tuesday March 31, 2020
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Financial support for Tibet: China

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Beijing: Preferential financial policies will be continued by China to support Tibet for the next five years.

On Wednesday, Deputy Head of the People’s Bank of China, Pan Gongsheng urged commercial banks to provide more credit resources for the state while risks are under control, Xinhua news agency reported.

He stressed on diversifying financial businesses and increasing branches in Tibet and encouraging qualified capital to establish small institutions like private and village banks.

More direct financing and financial bonds are expected to facilitate enterprises, especially small and micro businesses, in Tibet.

Liu Shiyu, Chairman of Agricultural Bank of China, said that the bank had set up 511 branches in Tibet and will try to establish financial services in all counties with access to highways, electricity and phone signals by the end of 2016.

Heads of Agricultural Development Bank and People’s Insurance Group also said that there will be more capital and policy support for Tibet’s local financing and industrial expansion. Tibet’s head Dalai Lama lives in India and has kept the demands of the freedom alive for the people of his place.

With such initiatives, China is trying to woo the locals of the troubled state. The communist party led country keeps facing protests all around the world for this issue. (IANS)

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Chinese Scientists Develop Nanomaterial To Combat Novel Coronavirus

According to the US NIH, scientists have not unanimously settled on a precise definition of nanomaterials, but agree that they are partially characterized by their tiny size, measured in nanometers

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Coronavirus
According to Global Times, the new weapon is not a drug or a compound but some nanomaterial. Pixabay

A team of Chinese scientists has reportedly developed a novel way to combat the new coronavirus that causes the Covid-19 disease which has killed over 32,000 people globally.

According to Global Times, the new weapon is not a drug or a compound but some nanomaterial. “Chinese scientists have developed a new weapon to combat the #coronavirus,” the news portal tweeted on Sunday.

“They say they have found a nanomaterial that can absorb and deactivate the virus with 96.5-99.9 per cent efficiency,” it added.

Nanomaterials are used in a variety of manufacturing processes, products and healthcare including paints, filters, insulation and lubricant additives.

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In healthcare, Nanozymes are nanomaterials with enzyme-like characteristics.

Coronavirus
A team of Chinese scientists has reportedly developed a novel way to combat the new coronavirus that causes the Covid-19 disease which has killed over 32,000 people globally. Pixabay

According to the US NIH, scientists have not unanimously settled on a precise definition of nanomaterials, but agree that they are partially characterized by their tiny size, measured in nanometers.

“Nanotechnology can be used to design pharmaceuticals that can target specific organs or cells in the body such as cancer cells, and enhance the effectiveness of therapy,” said NIH.

ALSO READ: Apple Plans To Insert Touch-ID Fingerprint Sensor in Upcoming “Watch Series 6”

However, while engineered nanomaterials provide great benefits, “we know very little about the potential effects on human health and the environment. Even well-known materials, such as silver for example, may pose a hazard when engineered to nano size,” according to NIH. (IANS)

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