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Immigration, maritime inspection, Coast Guard officers undergo joint drill in east China's Shandong

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Immigration, maritime inspection, Coast Guard officers undergo joint drill in east China's Shandong

2024-06-24 17:10 Last Updated At:17:37

Chinese immigration, maritime inspection and Coast Guard officers carried out a joint law enforcement drill in the waters off Yantai City of east China's Shandong Province on Sunday.

Over 70 officers participated in the drill, which involved three law enforcement ships, including two newly commissioned for immigration inspection.

The officers, equipped with the law enforcement ships and unmanned drones in the drill, conducted a land-sea-air patrol in the waters under their jurisdiction, with a focus on such lawbreaking acts of unlicensed boarding, illegal fastening with other ships, illegal immigration and smuggling.

The drill also simulated a response to illegal transport, in which three law enforcement ships sailed to a target ship delivering illegal cargos, and intercepted it with water cannons, and then officers got aboard to check the relevant certificates and detain the ship.

"The drill further enhanced the efficiency of immigration inspection authorities in dealing with law violations at sea, improved actual combat capabilities, and improved coordination among marine law enforcement units," said Jiang Xuetao, director of the Immigration Inspection Department of Yantai Immigration Inspection Station.

Immigration, maritime inspection, Coast Guard officers undergo joint drill in east China's Shandong

Immigration, maritime inspection, Coast Guard officers undergo joint drill in east China's Shandong

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Japanese seek diversified investment options as yen devalues

2024-07-14 12:04 Last Updated At:12:37

The Japanese people are eyeing diversified investment options at a three-day wealth management exhibition which started on Friday in Tokyo, as the depreciation of their fiat currency yen goes on.

Since July, the retail price of gold in Japan has repeatedly hit new highs, and the price per gram rose to 13,612 yen (about 86 U.S. dollars) on Thursday.

As inflation continues in Japan, precious metals are increasingly popular as a way to beat it.

In addition to paper gold, rare precious metal coins have gradually become one of the new financial investment favorites in Japan in recent years.

"The gold content of coins determines their value as precious metals. But as collectibles, their price on the auction market will go up," said Mitsuru Hayama, an exhibitor.

In addition to traditional financial products which include real estate, there is a trend of diversification at this exhibition.

For example, for investment products such as agricultural blueberry gardens and mushroom farms, investors can choose to make investment only, or they can participate in specific business operations.

Investable wines and whiskies are also a big draw at the expo. Among them, wine investment has an online trading model, where investors can view the latest prices of wines on their mobile phones in real time and conduct transactions .

"You buy it when it's cheap and drink it whenever you want. This is the prime pleasure of investing in the wine. Even if you don't drink it yourself, you'll be happy if its price rallies," said Eiji Odawara, an exhibitor.

According to the latest data released by the Bank of Japan in June, as of the end of March this year, the scale of Japanese household financial assets inched up 7.1 percent compared with the same period last year, reaching 2,199 trillion yen (about 13.9 trillion U.S. dollars), hitting record highs for five consecutive quarters.

Among them, cash and deposits accounted for 50.9 percent, much higher than other advanced economies such as the United States and some European countries.

Japanese seek diversified investment options as yen devalues

Japanese seek diversified investment options as yen devalues

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