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Houston: Chinese consulate burning documents in courtyard?

Local media outlets shared footage of the incident where the Houston Police Department and fire officials can be seen trying to enter the premises

Houston: Officials in Houston, Texas responded to a fire in the area only to realise that the office of the Consulate General of China was burning documents in the courtyard of the premises. This happened amid a heightened diplomatic and trade spat between the United States and China.

From the footage of the incident, the Houston Police Department and fire officials can be seen trying to enter the premises and put out the fire.

Neighbours called 911 around 8:20 PM and told officials they saw someone burning documents in the courtyard. However, when firefighters arrived, they weren’t allowed on the property in the 3400 block of Montrose Boulevard.

The fire was out shortly after the reports. This is a developing story that will be updated with more details as they become available.

Videos show several open bins or containers with flames coming out of them. People could be seen throwing things into the flaming bins.

Smoke billowed from the compound of the consulate and dozens of locals responded to it first.

China’s Ant group will bestride Chinese markets

Ant Group is named after a small creature, but it is shaping up to be a leviathan of China’s markets. Potential investors must hope that is due to real heft, and not hot air.

The company’s upcoming initial public offerings, concurrently in Hong Kong and Shanghai’s STAR market, will likely be the largest this year, and maybe ever. Ant owns Alipay, one of China’s two dominant mobile-payment networks. The company also sells financial services to its more than 900 million users on Alipay and manages one of the world’s largest money-market.

Ant, a financial technology firm that runs China’s dominant digital payment platform, was last valued in 2018 at $ 150 billion; stock analysts estimate a current value of $ 200 billion, making it arguably the most valuable unicorn in the world. Ant will debut simultaneously on Shanghai’s tech-focused Star Market and on the Hong Kong Stock Exchange, where Alibaba is listed.

Sirf News Network

By Sirf News Network

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