The Pak Banker

Beijing's foreign trade up 19.3pc in 10 months

- BEIJING

Beijing saw its total foreign trade reach 2.96 trillion yuan (about 411.6 billion U.S. dollars) in the first 10 months of this year, customs data showed. The figure marks an increase of 19.3 percent over the same period last year, according to Beijing customs.

From January to October, Beijing's imports surged 26.6 percent year on year to 2.5 trillion yuan, while exports dropped 9.1 percent to 464.6 billion yuan.

During this period, solar cells, lithium-ion batteries and electric vehicles were the main export products.

In October alone, the Chinese capital saw its foreign trade rise 25.2 percent to 307.66 billion yuan.

Since Elon Musk took over Twitter, users irked by the platform's new regime have vowed to move their online presence elsewhere, with German-owned Mastodon attracting the most attention.

Musk's first moves have been a shock to some. Just a week after taking over the reins of Twitter, the owner of SpaceX and Tesla launched radical changes by firing thousands of staff, promising the return of banned users and ramping up a plan to make people pay for privileged access to the site.

This has left many users looking to defect to new platforms, though with few obvious alternativ­es available for now. Unknown to the general public until recently, Mastodon has seen its popularity explode among Internet users concerned about the direction Musk is taking Twitter.

Created in 2016 by the German developer Eugen Rochko, the site presents itself as a "decentrali­zed" social network without advertisin­g where preserving privacy is sacrosanct.

"Your ability to communicat­e online should not be at the whims of a single commercial company!" Mastodon tweeted when the Musk deal with Twitter was announced in April.

In practice, Mastodon like Twitter is based on postings of small messages, but each new user must sign up to an independen­tly run server and there are thousands of them. In theory, users can interact freely across the Mastodon servers, but this can be complicate­d and unreliable.

On his personal account, Rochko said Mastodon reached more than 1 million monthly active users on Monday with the addition of 1,124 servers and nearly 490,000 new users since Oct. 27, when Musk took over Twitter.

This is still tiny compared to Twitter, which had nearly 238 million daily active users at the end of June.

The publicity has not been easy for Mastodon and many new users complain about the platform's unintuitiv­e interface, underlinin­g the difficulty of creating an account and the poor response times unlike sites run by the tech giants.

Content moderation is also a big question mark as it is left to the sole discretion of server administra­tors, with some refusing access to others, disrupting the experience. Other sites eager to welcome Twitter's defectors are still very much in a developmen­t phase.

This is the case of BlueSky, the new project of Twitter co-founder Jack Dorsey that in late October claimed to have 30,000 people on its waiting list after only 48 hours, or Cohost, which promises that its users' personal data will never be sold.

In online discussion­s, establishe­d platforms, such as the microblogg­ing site Tumblr or the audio chat app Clubhouse, have seen a resurgence in popularity. A few other start-ups are also attracting attention, including Counter Social and Tribel Social.

Then there are the right-wing sites such as Gab, Parler or Truth Social, the platform launched by former US president Donald Trump, which positioned themselves as conservati­ve alternativ­es to Twitter long before the takeover by Musk.

Trump is largely expected to be reinstated on Twitter shortly after the US midterm elections on Tuesday, leaving the fate of the financiall­y challenged Truth Social in limbo.

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