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Archive for the ‘China’ Category

Covid-19: Int’l media is racist

In China, Indonesia, Japan on 21/10/2020 at 7:00 am

As are our ang moh tua kees. Think Tan Jee Say: praising NZ’s PM for what she did in containing the pandemic, while ignoring Asian countries which did better. Of course he was dissing our PAP govt, which to be fair hasn’t done a great job, only a good job. It lets too many mamas in: Covid-19: FTs from India reinfecting S’pore

That are my conclusions after seeing this (from ang moh FT which with Economist gives fair coverage)

The int’l media in general, and the ang moh tua kees praise here praise NZ and its PM. It’s done good things but it’s two islands in the middle of the Pacific Ocean.

Praise Vietnam, China, Korea Indonesia and Japan. FT and Economist do this btw in their coverage.

Covid-19: Indians going to be banned from going to HK?

In China, Hong Kong, India on 20/10/2020 at 6:22 am

Is it just preventing India from using Covid-19 to make China weak again? Or is it escalating tensions?

Hong Kong announced a third suspension against Air India after Indian travellers accounted for most of Hong Kong’s 17 new infections on Saturday (‘Coronavirus: Hong Kong urged to curb inbound travel from India as nation linked to most of city’s 17 new Covid-19 cases‘, 17 Oct). All of Saturday’s confirmed infections in Hong Kong were imported, 11 of them arriving from India.

This is the third time Hong Kong has banned Air India. Hong Kong had barred Air India from running the Delhi-Hong Kong services from August 18 to 31, and September 20 to October 3.

Hong Kong imposes a 14-day ban on any airline that carries five or more COVID-19 positive passengers, or operates two consecutive flights with three or more infected passengers.

It currently requires travellers from India to present a negative PCR test result for COVID-19 before boarding a flight to Hong Kong. But cattle truck load of infected travellers from India, the Hong Kong officials are facing calls to further tighten rules on travellers coming from there.

Hong Kong health experts are raising questions over the reliability of testing in India. Professor David Hui Shu-cheong, a Hong Kong government adviser said that there could be inaccuracies with the tests conducted in India. “It remains unclear with the reliability and sources of the tests there,” he said.

All those fake degrees?

Btw, Covid-19: India trying to reinfect China in escalation of border dispute?

Covid-19 harm: India slumps, China surges

In China, India on 16/10/2020 at 5:12 pm

The IMF’s latest forecasts, released on October 13th, spell out just how long the economic harm from covid-19 will last. It think that in many places output will stay well below its pre-pandemic trend, as labour and capital are only slowly reallocated from shrinking industries towards thriving ones. Last October the fund expected India’s economy to grow by more than 40% by 2024; now it expects half that. By comparison, look at the chart to see that China is expected to suffer very little.

GIC goes elephant and ant hunting/ S’pore’s way of showing friendship to both India and China

In China, GIC, India on 09/10/2020 at 6:20 am

This week Reliance Jio raised Rs248.9bn (US$3.4bn) from prominent global investors including GIC, TPG, Silver Lake and KKR for its e-commerce business.

GIC, already an investor in Ant Group, is looking to put more than US$1bn into the Chinese financial technology company’s IPO.

Meanwhile India and China are rowing and killing the other’s soldiers.

And India is banning Chinese investments and apps ( Can India afford to boycott Chinese investors? and Indian start-ops depend on Chinese money), and boycotting Chinese goods (Can India afford to boycott Chinese products?)

Great way to show S’pore is a friend of both.

The worrying thing is that it could end up upsetting both. And to pls both both, it’ll end up allowing more FTs in. SAD.

China’s take on Trump catching Covid-19

In China on 04/10/2020 at 2:23 pm

The editor of the state-owned Global Times newspaper, Hu Xijin, tweeted in English: “President Trump and the First Lady have paid the price for his gamble to play down the Covid-19.”

https://www.bbc.com/news/world-us-canada-54376618

For those not in the know, the Global Times is the Chinese govt’s equivalent of the progressives’ New York Times and the Guardian, and the S’pore govt’s Straits Times: whatever the masters want, they’ll parrot unthinkingly.

And to my mind, the Chinese are right. He’s paying the price of saying, “The risk is very, very low”, “Covid? I’m not concerned” and “Infections will be close to zero”. His words are is awkward for The Donald.

Karma is a bitch. “Kung flu” aka “China virus” has floored the “stable genius”.

The mighty HK$ thanks to Ant and other Red IPOs

In China, Currencies, Financial competency, Hong Kong on 02/10/2020 at 6:45 am

OR “Investors give ang moh tua kee activists and ang moh human rights activists the finger”.

Hong Kong has recorded inflows of almost HK$55bn (US$7.1bn), forcing the HK Monetary Authority to intervene almost every day since September 14 to keep the currency within the pegged trading band of 7.75 to 7.85 to the US$.

Covid-19: India trying to reinfect China in escalation of border dispute?

In China, India on 23/09/2020 at 5:41 am

Hong Kong has suspended Air India’s incoming flights after Covid-19 positive cases were found on a flight.

Hong Kong banned Air India from flying to its airport for two weeks till 3 Oct after 6 passengers were found on a 18 Sep Air India flight. The passengers were flying from Delhi into Hong Kong. The 6 were tested positive upon arrival.

Prior to this, Air India carried 11 Covid-19 positive passengers also on a flight from Delhi to Hong Kong on 14 Aug.

India trying to bring China’s economy to its knees, so that it resembles India’s economy? Meanwhile S’pore is happy to let Indians in.

China humiliates India, Modi; Huaiwei suffers/ India still pulling its punches

In China, India, Telecoms on 13/09/2020 at 4:48 am

On the Tibetan plateau, the two nuclear-armed nations have thousands of soldiers massed along the disputed border high , after a June clash. The clash left at least 20 Indian soldiers dead. Very recently, India and China agreed to ‘quickly disengage’. And China has just returned five Indian nationals who strayed into Chinese territory when hunting.

China has humiliated India and “strong-man” Modi. I’ve already reported on an economic cost to both countries: Can India afford to boycott Chinese products?.

The cost to China of the border dispute is economic. Huawei and other Chinese telecoms equipment companies are being phased out of India’s booming market, including that for 5G networks.

Although India has not issued any formal, official written ban on equipment suppliers such as Huawei and ZTE, Indian telecoms service providers have been told not to use Chinese equipment in future. A government official said India was wary about Chinese investment in sensitive infrastructure.

“The thinking is: ‘Let’s do tough rather than talk tough,’” an official told the FT. “We don’t want to make life miserable for consumers. But when it comes to big public contracts and critical infrastructure, we would prefer non-Chinese companies. That message has gotten through to Indian business.”

The impact on Chinese tech companies could be considerable. Huawei has been one of the three biggest telecoms equipment suppliers in India which is the world’s second biggest mobile market with more than 850m users. It has had significant contracts with Bharti Airtel, Vodafone and state-owned BSNL.

Civid-19 aftermath: China ascendant, India descendant

In China, India on 29/08/2020 at 6:45 am

The gods are not appeased by Modi. They are happy with Xi. Or maybe the CCP rules China better than the BJP rules India.

Where India trumps China

In China, India on 10/08/2020 at 3:39 am

India beats China hollow in absolute $ terms and in %age terms (as %age of GDP) in remittances. PeinoyLand is 4th but in $age terms beats both of them.

S’pore is big employer of Indian and Filipino PMETs.

What military infrastructure projects India & China are building on their border

In China, India on 01/08/2020 at 1:19 pm

Ang moh tua kee attitude loses $

In China, Financial competency on 25/07/2020 at 11:05 am

Once upon a time, the Americans took the Japs to the cleaners, selling stuff to the Japs at over the top prices and then buying them back for a song: think the Rockfeller Centre.

Now its the Chinks that get screwed, not only by the Americans but by ang mohs in general.

Virginia-based WorldStrides, a student-focused travel outfit backed by Primavera Capital, filed for bankruptcy this week after the pandemic hit bookings and forced it to issue refunds. The Beijing-based fund, invested in WorldStrides three years ago. The hope was to roll out its services across the People’s Republic and beyond.

The idea of expanding Western companies in China has sucked Chinese buyers abroad, adding to a frenzy of outbound deals. The track record doesn’t look promising: state-owned conglomerate Bright Food sold off British cereal maker Weetabix in 2017 after failing to grow the business in China. Hony Capital’s acquisition of PizzaExpress is turning out to be a disaster. Even Fosun International is struggling with its investment in Canadian acrobatics troupe Cirque du Soleil. With Covid-19 affecting Western and Chinese consumers, expect more casualties.

Ang moh tua kee has its consequences.

Why India is reconsidering its attitude towards China

In China, India on 18/07/2020 at 3:54 pm

The FT’s James Kynge and Amy Kazmin discuss the relationship between Asia’s two superpowers.

But whatever it does economically against China, it hurts itself more than it hurts China:

China is India’s second-largest trading partner after the US. It accounts for nearly 12% of India’s imports in sectors such as chemicals, automotive components, consumer electronics and pharmaceuticals.

At least 70% of India’s drug intermediary needs are fulfilled by China,” Sudarshan Jain, president of the Indian Pharmaceutical Alliance, told the BBC.

India’s booming smartphone sector is heavily dependent on cheap Chinese phones made by Oppo, Xaomi and others who dominate the local market. These phones are “made in India” but the parts are imported from China.

Most consumer electronics and many industrial equipment makers say they need crucial intermediate goods from China.

Can India afford to boycott Chinese products?

And India’s blacklist of 59 Chinese apps

excludes India’s most valuable startups, including the US$16 billion payments giant Paytm, backed by Ant Financial, as well as education star Byju’s, which counts Tencent as an investor. Alibaba and Tencent also invested billions of dollars into other Indian startups such as Zomato, Big Basket and Ola. In total, 18 of India’s 30 unicorns have Chinese funding, Gateway House, a Mumbai-based thinktank calculates. 

Can India afford to boycott Chinese investors?

Is China trying to con US or trying real hard

In China on 13/07/2020 at 4:40 am

The case for China tricking Trump over the Phase One deal

The case for China trying really hard to keep its word.

Can India afford to boycott Chinese investors?

In China, India on 03/07/2020 at 1:44 pm

Chinese killed 20 Indian jawans and seized Indian territory.

India retaliated by banning ByteDance’s hugely popular video-streaming app TikTok and 598 other Chinese apps on national security concerns.

Not that silly of India because this significantly narrows a top growth market for Chinese technology firms and may embolden other governments to shut them out.

Fuelled by cheap data and a young population, TikTok has picked up some 200 million users in three years in India.

The popular mobile app features snappy, shareable videos, often catering to teens and other young people. Using filters, sounds, music and hashtags, young Indians upload songs, dances, pranks, comedy skits, career tips, challenges, language and yoga lessons.

Reuters

Interestingly, the blacklist excludes India’s most valuable startups, including the US$16 billion payments giant Paytm, backed by Ant Financial, as well as education star Byju’s, which counts Tencent as an investor. Alibaba and Tencent also invested billions of dollars into other Indian startups such as Zomato, Big Basket and Ola. In total, 18 of India’s 30 unicorns have Chinese funding, Gateway House, a Mumbai-based thinktank calculates. But new investment rules and rising anti-China sentiment may slow the overall flow of capital from the People’s Republic and that will hurt growth.

India and China have also become increasingly integrated in recent years. Chinese giants deeply “embedding themselves” in India’s socio-economic and technology ecosystem, according to Gateway.

“There have been more than 90 Chinese investments in Indian startups, most of them made over the last five years. Eighteen out of 30 Indian unicorns [tech startups valued at over $1bn] have a Chinese investor,” says Amit Bhandari, an analyst at Gateway house.

At $6.2bn, direct Chinese investment in India appears relatively small. But, Mr Bhandari says, restricting Alibaba and other Chinese tech giants from creating monopolies in the Indian market will be crucial given the “outsized impact” of these investments.

India has already amended its FDI (foreign direct investment) rules to stave off hostile takeovers of Indian companies.

China sends kung fu experts to border with India/ Modi caught lying

In China, India on 29/06/2020 at 1:20 pm

News of the army’s new martial arts trainers was reported by official Chinese news outlets on 20 June, according to Hong Kong media.

State broadcaster CCTV said 20 fighters from the Enbo Fight Club would be based in the Tibetan capital, Lhasa, although Chinese media had not confirmed they would be training troops on the border with India.

BBC

Wow looks like China’s serious about defending its territorial gains. Contrary to what Modi claims, Indian experts have published photos of the new line of actual control that Chinese has established. It’s inside territory that once was within India’s line of actual control. BBC report (with photos): https://www.bbc.com/news/world-asia-53174887?intlink_from_url=https://www.bbc.com/news/topics/c1newxlp4qwt/china-india-border-dispute&link_location=live-reporting-story

Covid-19: India’s Tata looking to UK for £1bn loan

In China, India on 28/06/2020 at 1:40 pm

India’s pride, the Tata group is looking to the UK govt for help. Jaguar Land Rover and Tata Steel are trying to get the UK govt to lend them £1bn. Each is looking at a loan of about £500m.

The Bank of China, Industrial and Commercial Bank of China, Bank of Communications, China Construction Bank (all of which are state-owned) and Shanghai Pudong Development Bank gave a £560m credit line to JLR after the UK govt told JLR to bugger off because its bonds are rated as junk. Like other car makers, JLR is short of cash because of Covid-19 has disrupted the supply and demand for cars.

Covid-19: China rescues India’s Tata

Because

The reason why Indian banks couldn’t lend the money to Jaguar Land Rover is because of a very slow-burning crisis in the Indian financial system. A long history of bad lending decisions and poor governance has led to serious problems in India’s banks, shadow banks and mutual funds.

China humiliates India twice in June

Can India afford to boycott Chinese products?

In China, India on 26/06/2020 at 2:07 pm

Well according to a BBC report (https://www.bbc.com/news/world-asia-india-53150898), senior Indian businessmen say that boycotting Chinese goods is like choking oneself to death. India can’t breath without importing Chinese goods.

China is India’s second-largest trading partner after the US. It accounts for nearly 12% of India’s imports in sectors such as chemicals, automotive components, consumer electronics and pharmaceuticals.

“At least 70% of India’s drug intermediary needs are fulfilled by China,” Sudarshan Jain, president of the Indian Pharmaceutical Alliance, told the BBC.

India’s booming smartphone sector is heavily dependent on cheap Chinese phones made by Oppo, Xaomi and others who dominate the local market. These phones are “made in India” but the parts are imported from China.

Most consumer electronics and many industrial equipment makers say they need crucial intermediate goods from China.

Why isn’t Australia targeting India as Oz’s next golden goose in place of China?

In China, India on 21/06/2020 at 11:08 am

Oz has grown rich because of China’s growth into an economic superpower second only to the US of A.

For the past decade, China has been Australia’s largest trading partner and now accounts for 32.6% of its exports.

https://www.bbc.com/news/world-australia-52915879

Australia’s mines have delivered iron ore, coal and gas to fuel China’s growth – preferred to rivals in Brazil for their quality and geographic proximity. It’s a deal that benefits both nations.

Other sectors – education, tourism, agriculture, wine – have also flourished in the Chinese market.

BBC

But now Oz is over reliant on China. And China is now squeezing Oz’s balls and pussies: think the barley tariffs, the warning to Chinese students wanting to study there that Oz are racists (But then Ozzies are equal opportunity racists. They also don’t like Indians: think the Melbourne incidents.), and the threats to buy less Oz agricultural products. All because China thinks Australia should sit down and shut up and not criticise China. They should just take China’s money and be grateful.

So Oz is trying to diversify away from China. Korea, Japan and Vietnam are major target markets.

India should be a major target market but Australia only has set a goal to send A$45bn (US$31bn) in annual exports (A$25bn in 2019) to India by 2035: yes 2035. Last year, it sold more than A$200bn to China alone.

Maybe Ozzies think Indians are unlikely to become as rich as the Chinese? And that India will remain poor and an economic pygmy, unlike China? And Vietnam has a better chance of becoming the next golden goose?

Or that yellow skins are better than dark skins?

BBC

China humiliates India twice in June

In Banks, China, India on 19/06/2020 at 4:31 am

You would have read in the Indian and international media (China slaps Modi, will Modi just sit down and shut up?) about how the Indian army got beaten up.

But it’s a lot worse for India. It’s the second Chinese humiliation in June. I reported this in early June

OK, OK, I exaggerate, China only rescues Jaguar Land Rover (JLR), a British car maker, part of Tata Motors since 2008.

The Bank of China, Industrial and Commercial Bank of China, Bank of Communications, China Construction Bank (all of which are state-owned) and Shanghai Pudong Development Bank gave a £560m credit line to JLR after the UK govt told JLR to bugger off because its bonds are rated as junk. Like other car makers, JLR is short of cash because of Covid-19 has disrupted the supply and demand for cars.

:Covid-19: China rescues India’s Tata.

The reason why Indian banks couldn’t lend the money to Jaguar Land Rover is because of a very slow-burning crisis in the Indian financial system. A long history of bad lending decisions and poor governance has led to serious problems in India’s banks, shadow banks and mutual funds.

The result? Indian banks had no money to help out Tata Motors. Chinese banks were more than willing to lend, doing their patriotic duty of showing up India’s pretensions of being China’s equal.

Time for Modi to do something rather than bully defenceless Muslims and jobless workers.

Stand up for India, Modi.

Proud ethnic Indians overseas are getting tired of being sneered at by racist ethnic Chinese: “We’re far superior to Indians and what happened on Monday proved it.”

But cows are likely to fly before Modi does anything to make overseas ethnic Indians proud again.

Time to Make India Great Again?

China slaps Modi, will Modi just sit down and shut up?

In China, India on 17/06/2020 at 7:18 am

Or will he Walk the Talk of defending India’s borders and ninour?

At least 20 Indian soldiers were killed in a clash with Chinese forces in Ladakh in the disputed Kashmir region, Indian officials say.

https://www.bbc.com/news/world-asia-53061476

Chinese casualties are unknown. But, the editor of Global Times, a state-run tabloid, acknowledged the Chinese casualties in a tweet.

 “The Chinese seem to have brought iron rods, sticks studded with metal tips and stones,” says Nitin Gokhale, an Indian defence analyst quoted by the Ecomomist.

Most probably he’ll Choke the Talk? Remember that he let Pakistan walk all over India in the last round of hostilities.

And that was only Pakistan. This is China, home of the Wuhan virus.

But maybe, he’ll call on Uncle Trump to beat up China? And Modi thinks India’s an emerging superpower like China?

Covid-19: Harvard gives Trump the smoking gun that China lied about the Wuhan virus

In China on 12/06/2020 at 5:13 am

Harvard Medical School researchers have evidence suggesting that Covid-19 was already in Wunan in August 2019. Remember, China reported a cluster of cases on 31 December 2019, but later told the WHO that the earliest symptoms from these patients dated back to 8 December.

An apparent surge in traffic outside Wuhan hospitals from August 2019 may suggest the coronavirus hit the area earlier than reported, a study says.

Harvard researchers say satellite images show an increase in traffic outside five hospitals in the Chinese city from late August to December.

The traffic spike coincided with a rise in online searches for information on symptoms like “cough” and “diarrhoea”.

https://www.bbc.com/news/world-us-canada-52975934

The Chinese government has rejected this study by Harvard Medical School researchers suggesting the coronavirus was spreading in China as early as August, well before 8 December 2019.

The methodology is circumstantial, based on satellite imagery of hospital parking lots in the city of Wuhan, the outbreak’s epicentre, and queries for terms like “diarrhoea” and “cough” on local search engine Baidu. It found uptrends in both kinds of traffic beginning in the late summer of 2019.

It’s far from conclusive, but the report keeps media spotlight on the bungled first phase of China’s response, a subject Beijing would rather the world forget.

Covid-19: China rescues India’s Tata

In Banks, China, India on 08/06/2020 at 4:02 am

OK, OK, I exaggerate, China only rescues Jaguar Land Rover (JLR), a British car maker, part of Tata Motors since 2008.

The Bank of China, Industrial and Commercial Bank of China, Bank of Communications, China Construction Bank (all of which are state-owned) and Shanghai Pudong Development Bank gave a £560m credit line to JLR after the UK govt told JLR to bugger off because its bonds are rated as junk. Like other car makers, JLR is short of cash because of Covid-19 has disrupted the supply and demand for cars.

Where were the Indian banks when Tata needed them? Chinese banks lend to a trophy asset of Tata, India’s pride and joy, when India and China are rowing: While India was fighting Covid-19, China invaded.

What’s in it for China? Telling Indians that its banks are better than that of India’s, most of which are according to the analysts are in dire need of capital because of bad debts to Indian tycoons.

JLR is Britain’s largest automotive manufacturer and designs, manufactures and sells some of the world’s best-known premium cars (the iconic Land Rovers), but sells most junk Jaguars.

Tata Motors got sold a dog. Sad. But then the Tata group very anglophile: British junk is the best.

Covid-19 pandemic: India isn’t alone: other countries that China bullies

In China, India on 05/06/2020 at 4:25 am

As reported in While India was fighting Covid-19, China invaded, last week, hundreds, maybe thousands of Chinese soldiers crossed China’s disputed border with India in the Western Himalayas. Minor scuffles are the norm, but the latest incursion came as the Global Times, a rabid state-owned Chinese paper asserted new claims to land that India says is Indian.

But this is not a lone incident. China has been pretty aggressive in bullying its neigbours.

Many had expected the Chinese Communist Party to send troops to crush last year’s protests in Hong Kong. Now, with the world distracted by the pandemic and mass protests difficult because of social distancing, it has acted by planning to impose on Hong Kong, a national security law, something the HK legislature has not been able to do.

In its building of island fortresses in the South China Sea, it ignores both international law and the claims of smaller neighbours. During the pandemic, there has been bullying of Vietnam, M’sia and Indonesia in the area

The most onimous threat


On May 22nd, at the opening of China’s rubber-stamp parliament, the prime minister, Li Keqiang, ominously cut the word “peaceful” from his ritual reference to reunification. China has stepped up war games around Taiwan and its nationalists have been braying online for an invasion.

Economist

Maybe Trump is right about the Wuhan virus being released by China.

Why China refuses to give ang mohs face over HK

In China, Hong Kong on 04/06/2020 at 8:52 am

BS that HK is an ang moh dominated biz centre (Think S’pore). It’s really a Chinese city.

In 2018 the number of mainland businesses with offices of any kind in the city eclipsed the number of American firms for the first time (see chart). Mainland companies accounted for 73% of the Hong Kong stockmarket at the end of last year, compared with 60% five years before. They also use HK to sell US$ and other foreign currency bonds

HK has reinvented itself yet again.

When it was founded by the British, it became the gateway to China. Then it stagnated as a backwater when from the late -19th century Shanghai became the gateway to China. Jardines, Swires and Hongkong & Shaghai Bank had bigger operations in HK than in HK. But it was the leading port in the Pearl Delta.

After WWII and the Communist takeover of China, it became a manufacturer of cheap plastic good and was the centre of smuggling into and out of China, helping China defeat US trade and financial embargoes. With the reopening up of China, it again became the gateway to China.

Now its becoming a major Chinese city.

While India was fighting Covid-19, China invaded

In China, India on 31/05/2020 at 4:21 am

Hmm maybe Trump and his War Minister (Sorry Secretary for Defence) are right that Covid-19 was made and propagated by China.

Officials quoted by the Indian media say thousands of Chinese troops have forced their way into the Galwan valley in Ladakh, in the disputed Kashmir region.

The reports say that in early May when India was in deep lockdown , Chinese forces set-up tents, dug trenches and moved heavy equipment several kilometres inside territory controlled and claimed by India. India had just completed building a road several hundred kilometres long connecting to a high-altitude forward air base which it reactivated in 2008.

Indian intelligence seems to have been caught sleeping. According to Indian media accounts, Indian soldiers were outnumbered and surrounded when China swiftly diverted men and machines from a military exercise to the border region.

This Chinese incursion triggered alarm in New Delhi. India has limited room for manoeuvre. It can either seek to persuade Beijing to withdraw its troops through dialogue or try to remove them by force. Neither is an easy option.

Covid-19 shows Western universities had been ripping-off India and China

In China, India on 30/05/2020 at 2:56 pm

After China, India sends more students abroad to study than any other country – more than one million Indians were pursuing higher education programs overseas as of July 2019, according to India’s foreign ministry.

Until the pandemic, they kept Western universities happy, really happy.

Earlier this year, I was congratulating a friend about his daughter’s decision not to study in Australia. She had had set her heart to study in the UK or Oz and if she had, she’d be back in S’pore and studying via Zoom.

Her dad said it was her decision after comparing the fees.

When he told me the amount involved studying in Oz nowadays, I was shocked. He said the unis knew that they could charge Chinese and Indians these amounts and get away with it. He said the UK fees were juz as bad.

We agreed they were ripping-off overseas students.

As for US universities, I know a kid who could only study there because she was awarded a govt scholarship, and we are not talking about an Ivy League University, but a uni one rank below. But she’s back here because of the pandemic. Everything via Zoom and laptop.

God’s will.

Financial strength: China’s 10th, India’s 18th

In China, India on 05/05/2020 at 2:02 pm

But Bangladesh is 9th. Btw Pakistan is 43rd, Sri Lanka 61st.

What surprises is that Saudi Arabia is only 9th, UAE is 17th, Kuwait is 22nd and Qater is 35th. Meanwhile Nigeria is 14th.

Covid-19: Indians and Chinese are pragmatic

In China, India on 03/05/2020 at 6:15 am

Choosing between livelihoods and lives, they choose livelihoods.

“Give me money before life”. Chinese and Indians seem to say. So do the Germans, Italians and Russians.

Many other Europeans, the British, Americans, Australians, Japanese, and South Americans prefer life .

Why the difference in trade-off choices?

Because Chinese, Indians, Germans, Italians and Russians know the importance of the economy and business in ensuring that they can live?

The Americans, Australians, Japanese and many Europeans because of their welfare nets don’t make the connection between the economy and business and their lives.

But why do the Germans and Italians think the way they do? Their countries have good welfare systems.

Don’t know how South Americans think. There are no good social nets for the poor. Maybe the survey was conducted among the well-off?

Xia suay! If don’t wear mask likely don’t wash hands

In China, Hong Kong on 01/04/2020 at 6:35 am

Further to Covid-19: Double confirm, S’pore not in East Asia, an interesting way of looking at things by the Economist’s HK correspondent.

The failure to wear masks in countries where masks are de rigueur socially, indicates to those wearing masks that there are probably other hygiene failures by those who don’t wear masks. Doubtless Chan Kee Chui would call those who wear masks in these countries “Xia suay” and insist on his right not to wear a mask when he visits China.

Ordinary Hong Kongers are fed up with being told that the science behind mask-wearing is disputed. They look at neighbouring east Asian countries, where people wear masks routinely, and notice that they are coping with the disease relatively well. Many factors are at play. But the ubiquity of the mask is one reason. This not just because of its ability to block germs, or prevent people from touching their faces. It is also a means of building trust and fostering civic responsibility—a visible signal to fellow citizens that you are doing your bit to protect them and they should do theirs. If you won’t bother to wear a mask, who knows whether you bothered to wash your hands?

https:///china/2020/03/28/the-etiquette-of-face-masks-in-hong-kong

Trump and Covid-19

In China on 20/03/2020 at 4:39 am

China reacted angrily after US President Donald Trump referred to the coronavirus as the “Chinese virus”.

The foreign ministry spokesman warned the US should “take care of its own business” before putting the blame on China.

But let’s not forget that last week the same Chinese foreign ministry spokesman shared a conspiracy theory, which alleged the US Army had brought the virus into Wuhan.

The allegation seems to imply that the US has a time machine, enabling it bring a dead body containing the virus from the US this year into Wuhan in December 2019.

Whatever, the US secretary of state was not amused and took umbrage that a Chinese official was giving credence to the allegation by talking about it. Btw, secretary of state Mike Pompeo regularly, like me, refers to the virus as “the Wuhan virus”.

So maybe China is right to be upset?

Related post:

The first case could have on 1 December, not 31 December 2019.

Wuhan virus: Jialat, if this true

Tourism: Where Covid-19 really hurts us

In China, Economy, Tourism on 18/03/2020 at 6:28 am

The govt last month proposed a S$6.4bn ($4.6bn) programme to counter the outbreak’s economic impact. The package was announced a few days after S’pore slashed its growth forecast by a percentage point to -0.5% to 1.5% from 0.5 to 2%. Another package is on the way according to the millionaire ministers.

I’ve pointed out areas where the impact of China’s virus problem here is minimal:

We not reliant on China for manufactured gds

Where S’pore is not too exposed to China

But tourism is different: China is the top source of visitors to Singapore, and accounts for a fifth of arrivals. In Asean, only Thailand gets more, about a quarter of arrivals.

And tourism is important to us:

International tourism accounted for 4.1% of Singapore’s national GDP in 2017, with a direct contribution of $17.7 billion. The percentage of tourism’s contribution to Singapore’s GDP is projected to rise to 4.4% in 2028.

https://www.budgetdirect.com.sg/travel-insurance/research/singapore-tourism-statistics

Despite what the brokers are saying about hospitality stocks, avoid the sector.

Covid-19: Stock up on paracetamol and antibiotics?

In China, India on 11/03/2020 at 4:20 am

Supplies of everyday medicine, think pain-reliever paracetamol, face a threat.

India one of the world’s largest exporter of drugs, relies on China for 70% of its raw pharmaceutical ingredients. The Indians are not getting the ingredients because of China’s very responsible attitude of lock-down in response to the Wuhan virus, unlike the US of A which is in denial. 

But before I go into the details of the threat to medicine, a reminder that the most vulnerable people are the old, chronic sickly, or men. If you meet all three criteria, go order yr coffin Women seem to be less likely to die from coronavirus than men, and children appear to be less likely to die than other age groups. Re: Kanna Covid-19, can die or not?

Coming back to the looming shortage of supplies of paracetamol and other everyday drugs, the BBC explains:

India, which is one of the world’s largest exporter of drugs, relies on China for 70 per cent of its raw pharmaceutical ingredients. For many critical antibiotics and antipyretics — medicines that reduce fever — the dependency is almost 100 per cent, experts say.

Prices have surged in recent weeks as Chinese manufacturers have run out of supplies due to traffic restrictions and staff shortages.

There are fears of global shortages of some common drugs after India limited the export of certain medicines due to the coronavirus.

The world’s biggest supplier of generic drugs has restricted exports of 26 ingredients and the medicines made from them.

The restricted drugs include Paracetamol, one of the world’s most widely-used pain relievers.

It comes as many drug ingredient makers in China remain shut or cut output.

India’s drug makers rely on China for almost 70% of the active ingredients in their medicines, and industry experts have warned that they are likely to face shortages if the epidemic continues.

https://www.bbc.com/news/business-51731719

China, especially Hubei province, is critical to the global pharmaceutical supply chain. Disruptions at Chinese and Indian drugmakers will lead to drug shortages worldwide.

Since the outbreak, costs of mainstream antibiotics have risen 50% for Indian drugmakers, the world’s biggest exporter of generic drugs, the FT reports.

Related post Need Paracetamol? Ask SingHealth

We not reliant on China for manufactured gds

In China, Economy on 04/03/2020 at 5:10 am

Further to Where S’pore is not too exposed to China where I reported that we are not that dependent on China for electrical and electronic components, we are also not very reliant on China for other manufactured goods.

 

Wuhan virus surveillance, the Chinese way/ Muslims R virus

In China on 01/03/2020 at 5:52 am

Smartphones, which are carried by most working-age Chinese is a powerful tool in trying to identify people who may be carrying the virus.

Hangzhou city has a self-assessment health-check app. If it classifies someone as a possible carrier of the virus, The red colour of the qr code on Ms Sun’s “Hangzhou Health Code” app indicated that she was supposed to be undergoing 14 days of self-quarantine. Had the code been yellow, it would have meant she was a lower risk and had to isolate herself for seven days. For free passage around the city, people must produce their phones at checkpoints and show they have a green qr code.

Economist

Another use of smartphones, is for people (in Shenzhen for example) to scan a code to register for entry into the city.


Big data still not tailored to fight the virus

Police across China are using big data, provided by Beiyang, a private company, and other private companies to identify individuals (who may or may not have coronavirus) in crowds. Beiyang claims its technology has led to a 22% in calls to China’s emergency hotline, a 36% drop in muggings and 40 per cent fewer burglaries.

————————————————

A Shanghai company says it can assess a person’s emotional state through a 60-second video analysis via smartphonesof “skin, eyeballs, corners of your mouth, eyelids and bodily vibrations”. If it discovers abnormal levels of aggression or stress, people are advised to seek appropriate psychological help

But the use of manpower is still the most common method of getting things done: people man checkpoints armed with clipboards and thermometer guns, or to go door-to-door making note of sniffles.

If the Chinese had introduced the surveillance system it set up in Xinjiang to monitor the Jihadist Joes and Jills in an attempt keep the world safe from Muslim terrorism, to the rest of China, it would have been better equipped to contain the spread of the virus: Did Hali ask Xi for this app when they met?

Moral of the story:

Give not that which is holy unto the dogs, neither castye your pearls before swine, lest they trample themunder their feet, and turn again and rend you.

Matthew 7:6

Btw,

The US Centers for Disease Control and Prevention recommend the shaving of beards as a precaution against Covid 19 infection. The Iranian, Taliban and other mad mullahs will say Wuhan virus is CIA or Chinese plot against Islam.

Wuhan virus: No beards please

 

Wuhan virus: No beards please and other news you may have missed

In China on 29/02/2020 at 10:56 am

The US Centers for Disease Control and Prevention recommend the shaving of beards as a precaution against Covid 19 infection. The Iranian, Taliban and other mad mullahs will say Wuhan virus is CIA or Chinese plot against Islam.

The outbreak in Iran may not have come from China, nor an ethnic Chinese may have brought it in. Int’l media reports that someone from Canada may have been Iran’s zero patient. There’s a large emigre Iranian population in Canada.

Btw, the Iranian authorities are not telling Iranian men to shave off their beards to prevent the virus from spreading.

The Wuhan virus affects telephones too

A rush of employees using phones has led to a deterioration in the audio quality in China and South Korea of about 10 per cent, according to Spearline, which monitors international phone lines.

FT

Spearline expects similar problems soon in Italy.

HK has quarantined a dog that tested “weak positive” for the virus. The owner is infected.The dog will be kept in isolation for 14 days. Not clear whether pet animals can be infected or a source of infection. But experts say better to be safe than sorry.

Patient zero date pushed back by 30 days?

The first case could have on 1 December, not 31 December 2019.

The official Chinese narrative is that the first coronavirus case was on 31 December last yr and many of the first cases of the pneumonia-like infection were immediately connected to a seafood and animal market in Wuhan, in the Hubei province.

But this narrative could be wrong by 30 days. The first case could have occurred on 1 December:

Wuhan virus: Jialat, if this true

Looking on the bright side, Chinese residents of Beijing, Shanghai, Wuhan and other major cities, and minor cities too are enjoying pollution free skies.

And Chinese are enjoying livestreaming

China has the world’s largest livestreaming industry and Wuhan – the epicentre of the Covid-19 outbreak – was already something of a livestreaming hub.

So when the new virus emerged, confining millions of people to their homes, the industry responded quickly, with new programming genres emerging and a shift in the formats of popular TV reality shows.

Audiences have been watching livestreams of both celebrities and ordinary people singing, cooking and exercising in their own homes. Programmes that usually feature live audiences have instead come to resemble video conferences – but have still proven an unusual hit.

https://www.bbc.com/news/world-asia-china-51636621

Wuhan virus: Jialat, if this true

In China on 28/02/2020 at 4:00 am

The first case could have on 1 December, not 31 December 2019.

The official Chinese narrative is that the first coronavirus case was on 31 December last yr and many of the first cases of the pneumonia-like infection were immediately connected to a seafood and animal market in Wuhan, in the Hubei province.

But this narrative could be wrong by 30 days. The first case could have occurred on 1 December:

[A} study, by Chinese researchers published in the Lancet medical journal, claimed the first person to be diagnosed with Covid-19, was on 1 December 2019 (a lot of earlier) and that person had “no contact” with the Huanan Seafood Wholesale Market.

Wu Wenjuan, a senior doctor at Wuhan’s Jinyintan Hospital and one of the authors of the study, told the BBC Chinese Service that the patient was an elderly man who suffered from Alzheimer’s disease.

“He (the patient) lived four or five buses from the seafood market, and because he was sick he basically didn’t go out,” Wu Wenjuan said.

She also said that three other people developed symptoms in the following days – two of whom had no exposure to Huanan either.

However, the researchers also found that 27 people of a sample of 41 patients admitted to hospital in the early stages of the outbreak “had been exposed to the market”.

The hypothesis that the outbreak started at the market and could have been transmitted from a living animal to a human host before spreading human-to-human is still considered the most likely, according to the World Health Organization (WHO).

https://www.bbc.com/future/article/20200221-coronavirus-the-harmful-hunt-for-covid-19s-patient-zero

 

Why Trump loves the Wuhan (Covid-19) virus

In China on 27/02/2020 at 4:07 pm

Google, Microsoft shift production from China faster due to virus

Nikkei Asian Review headline

The Nikkei Asian Review reports that the worsening coronavirus outbreak has Google and Microsoft accelerating their shifts in production of new phones, personal computers and other devices from China to Southeast Asia. Factories in Vietnam and Thailand are expected to be the biggest beneficiaries.

Apple is also doing the same.

While Trump would prefer them to move manufacturing back to the US of A, he’d settle for them leaving China.

All in all, the Wuhan virus is hastening not only US-China conspicuous decoupling, but also China’s links with other developed countries.

Note that the word “Covid-19” was added to the title on March 21 at 6.30 am. LOL.

Wuhan virus: Goldman Sachs has second tots?

In China, Financial competency on 22/02/2020 at 4:14 am

Just as well as Wall ST is down two days in a row on fears that that the Wuhan Virus is an economic killer. Apple’s profits warning early this week spooked the market. When Apple sneezes, investors worry.

Before Apple’s warning, in Wuhan virus: Why investors are not panicking, I had quoted Goldman Sachs

We estimate that even in a scenario where the rate of new infections did not peak until the second quarter, the negative hit to global economic growth would be about 0.3 percentage points. That means the expansion would still be 3.1 per cent — in line with last year’s pace.

Goldman Sachs Japan vice chair talking about the global economy

This week, “The impact of the coronavirus on earnings may well be underestimated in current stock prices,” Peter Oppenheimer, analyst at Goldman Sachs, warned in a client note this week.

He said that investors are misjudging the full impact of the Covid-19 outbreak on companies’ earnings, pointing to China’s economic rise and greater integration in the world economy. Note (The Chinese economy is six times larger now than it was during the Sars outbreak of 2003, and Chinese tourism alone accounts for about 0.4%) of global GDP.

He said forecasts for profit growth this year are already “relatively modest” and so far earnings revisions have been in line with the historical trends, including in “more cyclical markets like Europe, where direct exposure to China is much higher”.

Equity markets are looking increasingly exposed to near-term downward surprises to earnings growth and while a sustained bear market does not look likely, a near-term correction is looking much more probable.

Remember: A correction is defined as a drop of 10% or more from a recent peak.

 

Where S’pore is not too exposed to China

In China, Economy on 20/02/2020 at 5:42 am

S’pore’s a very open economy. But I was surprised to learn that like M’sia and Vietnam, we are not that dependent on China for electrical and electronic components. China’s the world’s largest exporter.

We are below world’s average. India despite considering China as its geopolitical rival (Chinese think Indians are deluded) are the 5th most dependent country: all those cheap made in India smartphones are assembled from Chinese imports.

Of course this doesn’t mean that places like Vietnam, S’pore and M’sia will not be hurt by China’s slowdown. MNCs from these countries are large exporters of  electrical and electronic components to China.

I’ll try to find a chart showing this.

Why Mamas are running US tech giants, not us slit-eyes

In China, Humour, India, Uncategorized on 19/02/2020 at 3:36 pm

Indian supremacists and their Chinese friends are KPKBing about Indian start-ops depend on Chinese money

They point out that as usual Mamas are punching above their weight (like in S’pore law and politics) in the US C-suites and politically. Hello Andrew Yang juz dropped out of the presidential. The ladies with mama blood were booted out a long time ago.

OK, OK, there are 4 mamas heading US giant techs.

Mr Krishna’s recent elevation at IBM mirrors the rise of Satya Nadella at Microsoft and Shantanu Narayen at Adobe. They were Indian-born engineers who took over at prominent US tech companies that were going through a midlife crisis. Then there is Alphabet’s CEO, Sundar Pichai

Meanwhile,

Chinese engineers complain that Silicon Valley has an ethnic glass ceiling, and interviewees, many of whom are naturalised American citizens, compared their status with the relative success of Indians in large tech companies.

“In the US many Indian managers have become big company’s CEOs, but in many ways there’s still a bottleneck for Chinese people,” said Hans Tung, managing partner of GGV Capital, at a recent conference in Beijing. Turning to Eric Yuan, the founder of Zoom, he asked: “What do you think can be done?”.

Mr Yuan is Silicon Valley’s most well-known Chinese immigrant success story. His video conference app Zoom, which listed last April, is valued at almost $21bn. Mr Yuan responded that many Indian engineers were not only proficient at technical work, but also at understanding business models and management.

“It’s Chinese culture: it emphasises obedience and modesty, not confidence,” says Sophie Xu, a PayPal employee who left China for Canada and then the US 17 years ago. “There’s no wild ambition, we love book smarts.”

FT

My interpretation: Mamas suck up to ang mohs while Chinese ignore ang mohs. The latter believe that their work will show how good they are: they think of Grandpa’s Xi rise in China. Mamas not that naive: they know sucking ass matters.

Indian start-ops depend on Chinese money

In China, India on 19/02/2020 at 4:04 am

India has always tot of China as a geopolitical rival* and is cautious about Chinese investment.

But that caution has not prevented Chinese venture capitalists from providing a record amount of funding for Indian start-ups last year In the final quarter of the year, deals involving Chinese investors totalled a record US$1.4bn, according to figures from Refinitiv. Data provider Tracxn said Chinese funds invested in 54 funding rounds last year — the largest ever number — compared with just three in 2013 and more than double what it was in 2017.

This made China into one of the biggest sources of funds for start-ups in India, joining traditional investors in Indian start-ups like Sequoia and SoftBank. Two-thirds of India’s start-ups valued at more than US$1bn now have at least one Chinese VC investor.

Indian talking heads are fueling concerns about Chinese influence amid unfriendly relations between the two countries.

====================

*Chinese are surprised that India thinks itself as China’s rival. They can’t stop stop laughing at India’s delusions of grandeur.

S$ in intensive care

In China, Currencies, Economy on 15/02/2020 at 4:19 am

The u/m currencies the fragile, vulnerable Wuhan flu currencies.

 

Related posts:

S$ tanks as GDP forecasts slashed

China sneezes, S’pore in intensive care with Thailand, HK, M’sia and Korea dying.

Why has M$ strengthened against S$?

Spare a tot for widow of dead Chinese hero who China POFMaed

In China on 08/02/2020 at 7:22 am

Li Wenliang’s widow is sick.

According to an official Chinese statement, Li Wenliang’s widow Fu Xuejie has a fever, and is five months pregnant with Li’s second child. She worries about who will care for their five-year-old son if her health deteriorates.

China’s version of POFMA gives our POFMa a bad name.

On 30 December 2019, Li Wenliang, informed fellow doctors in an online chat group of seven new pneumonia cases and talked about a SARs like virus. He was reprimanded by Wuhan police, who made him sign a document saying he was “making false comments on the Internet.”. At least seven other medical professionals were similarly warned over “rumour-mongering”.

Effectively the Wuhan authorities forbade doctors from making public announcements and ordered them to report cases internally.

Whatever, the Chinese Sopreme court cleared them of “rumour-mongering.

Another Nazi first — CCTV

In China, Internet on 05/02/2020 at 5:03 am

In Peenemünde,

in October 1942, German engineers sat in a control room watching a television screen. It showed live, close-up images of a prototype weapon on its launch pad some 2.5km (1.5 miles) away. On another screen, with a wide-angle view, they saw the weapon surge skywards.

The test had succeeded. They were looking at something that would shape the future – but perhaps not in the way they imagined.

First time CCTV was used.

The pictures in that control room were the first example of a video feed being used not for broadcasting, but for real-time monitoring, in private – over a so-called “closed circuit”.

Television engineer Walter Bruch devised a way for the senior officers, and scientists to monitor the launches from a safe distance.

And that was wise, because the first V2 they tested did indeed blow up, destroying one of Bruch’s cameras.

Exactly how popular Bruch’s brainchild has now become is tricky to pin down. One estimate, a few years old, puts the number of surveillance cameras around the world at 245 million – that is about one for every 30 people. Another reckons there will soon be over twice that number in China alone.

https://www.bbc.com/news/business-50673770

 

China sneezes, S’pore in intensive care

In China, Economy, Uncategorized on 03/02/2020 at 7:22 am

Koreans will die.

So will the Hongkies, Thais and M’sias. S’poreans, Japanese, Peenoys, Viet Kong, Diggers and Indons will be in the intensive care unit.

 

The only people happy in S’pore are those who wish S’pore ill: Fake news that S’poreans panicking about shortage of masks.

Anti-PAP activists and cybernuts love the opportiunity, or so they think, of spreading more fake news to sabo the PAP govt.

But they are deluded. Tom, I’ll post why the PAP govt will now win bigely this GE. The 4G leaders will get the 65% of the popular vote that they need.

Remember that I was negative about the 4G team getting 65% of the popular vote: Ground is not sweet for an early 2020 GE.

“Bai Du Bu Qin” not “Gong Xi Fa Cai”

In China, Holidays and Festivals on 31/01/2020 at 4:08 am

“Bai Du Bu Qin”, is replacing “Gong Xi Fa Cai” or wishes for abundance, . This new new year greeting has been viewed over 50 million times on Weibo and is uptrending upwards on Chinese social media.

More about it from the BBC:

A poetic phrase with origins in Chinese literature, it means “may you be immune from 100 toxins”.

The greeting is also being used as a hashtag to help spread public health information. Xue Zhiqian, a pop star, told his Weibo fans: “Hope you don’t stay away from the office. Don’t go outdoors. Don’t spread the virus. Don’t believe in rumours. Bai du bu qin, stay true and pure.”

It has been taken up as a slogan of unity and encouragement to carry on in the midst of a fearful time. The hashtag “people unite together, bai du bu qin” has trended in China.

“Immunity from 100 toxins” appears to have originated in a verse by the Cambridge-educated poet Xu Zhimo, and also makes an appearance in the fiction of Louis Cha, a martial arts novelist, but was not known to be said at holidays.

It implies having great self-control and determination as well as not easily succumbing to disease.

https://www.bbc.com/news/51286633

Sama, sama: China & US?

In China on 28/01/2020 at 4:08 am

The FT recently reported that the CEOS of 18 small British telecoms companies met at a London bank two months ago to discuss investment, strategy and mergers in the telco sector.

At the beginning of the meeting, to get everyone into a participatory mood, they were asked two questions.

They were asked if they thought the Chinese could eavesdrop through “backdoors” in Huawei equipment. Every single hand went up.

They were then asked, if they thought the US could eavesdrop through key Cisco equipment.

All the hands went straight back up without hesitation

S’pore telcos use a lot of Cisco stuff (internet related) and are starting to use Huawel because its cheap and excellent. Nokia’s and Ericsson’s stuff are expensive and juz OK.

Two more Chinese cities disallow travel for reunion dinners

In China on 24/01/2020 at 5:24 am

And Beijing cancels public events, closes Forbidden City.

Further to the restrictions on travel in Wuhan (China abolishes Chinese New Year reunion dinners), the international media report that similar restrictions now apply to nearby Huanggang city and Ezhou city.

In the forner, residents were told not to leave without a special reason, according to an announcement on a city government website. In Ezhou, trains were stopped from leaving or entering the city.

And

Beijing was cancelling large public events, including lunar new year celebrations, because of the coronavirus. Beijing’s Forbidden City, one of China’s biggest tourist attractions, said it would close until further notice.

FT report

The coming Rat year is not sounding good for Grandpa Xi. Swine fever, HK and Taiwan mooning him, and now a SARs like problem.  Why one-party rule sucks for Xi, Lee and Heng

China abolishes Chinese New Year reunion dinners

In China, Holidays and Festivals on 23/01/2020 at 5:46 am

OK, OK I exaggerate. It’s only cancelled if you live in Wuhan and yr family lives elsewhere.

Public transport in Wuhan is suspended from Thursday morning in an effort to contain the outbreak of a deadly Sars-like virus. Residents are urged not to leave the city except under special circumstances. To enforce this encouragement, the airport and train stations temporarily are closed, news agencies cited Chinese state media as saying on Wednesday night.

More at https://www.bbc.com/news/world-asia-china-51215348

Btw, trumpets please: SARS all over again.

What HK tycoons did to assuage China’s anger

In China, Hong Kong on 21/01/2020 at 6:30 am

Last September, following a prediction that came true, I doubled down on the prediction stakes:

My next prediction is that before 1 October, the tycoons will make a huge gesture and, for them expensive, on cheap housing to placate Beijing

HK: Trumpets pls/ Next prediction

(The Chinese state media outlets were criticising Hong Kong’s tycoons for the lack of affordable housing in the territory.)

On 25 September, this story appeared

New World donates almost a fifth of its farmland reserves towards building public homes to ease Hong Kong’s housing woes

  • New World Development will donate 3 million square feet of farmland to Hong Kong’s government and toward charity for building public homes
  • The first part of the donation, comprising 28,000 square feet of land next to the Tin Shui Wai subway station, will be turned into 100 three-storey homes measuring 300 square feet each by 2022

https://www.scmp.com/business/article/3030317/new-world-development-donates-3-million-square-feet-farm-land-ease-hong

Adrian Cheng had announced that the New World Development would donate 3m square feet of land (a lot of land: fifth of the co’s reserves) to the government and charitable groups for subsidised housing developments. “We are very concerned about [Hong Kong’s] housing problem,” Mr Cheng said. His late grandfather founded New World Development, a ports, property and retail conglomerate.

Rival groups including Mr Li’s CK Asset Holdings and Lee Shau-kee’s Henderson Land then signalled their willingness to make similar land grants or ramp up their charitable activities. Mr Li’s charitable foundation also announced HK$1bn ($129m) in grants for small business owners affected by the protests.

These gestures appear to have appeased China. The rioters also helped the tycoons, by rioting for freedom. Pressure from Beijing on the tycoons lessened after a new wave of violent protests began in early October which continued through mid-November.  The rioters came out over the Christmas, New Year holidays.

 

 

SARS all over again

In China on 19/01/2020 at 7:19 am

No not the epidemic but the misinformation from Chinese officials.

For Wuhan to have exported three cases to other countries would imply there would have to be many more cases than have been reported.

Prof Neil Ferguson, UK disease outbreak scientist

The number of people already infected by the mystery virus emerging in China is far greater than official figures suggest, UK scientists have told the BBC. There have been more than 60 confirmed cases of the new coronavirus, but the scientists estimate a figure nearer 1,700.


From 2003

SARS crisis: China admits its big, deadly lie

There have been more than seven times as many SARS cases in Beijing than previously reported, China’s Government admitted last night.

Health authorities conceded there had been 339 cases of severe acute respiratory syndrome in Beijing alone, with 18 people having died in the capital. There are an additional 402 suspected cases.

Hours after the cover-up was revealed, China announced the sacking from key Communist Party posts of the Health Minister, Zhang Wenkang, and the Beijing Mayor, Meng Xuenong.

https://www.smh.com.au/national/sars-crisis-china-admits-its-big-deadly-lie-20030421-gdgmut.html

———————–

S’pore and HK have been screening air passengers from Wuhan, and US authorities announced similar measures starting on Friday at three major airports in San Francisco, Los Angeles and New York.

Read more at https://www.bbc.com/news/health-51148303

4% growth for China/ Still want to raise GST?

In China, Economy, Political governance, Public Administration on 18/01/2020 at 5:03 am

Official figures show that the world’s second largest economy expanded by 6.1% in 2019 from the year before – the worst figure in 29 years. China has faced weak domestic demand and the impact of a trade war with the US.

But things could get worse for China and the world.

China’s GDP could only grow at 4%.

State Grid, China’s largest utility company, is bracing itself for the rate of economic growth to fall to as low as 4% the next five years in the world’s second-largest economy. If anybody has the finger on the economy’s pulse, it is the largest utility company that supplies the power needed to power industry and homes.

If this comes about, bad for world trade and really bad for us: S’pore: the canary in the coalmine

Still want to raise GST, PAP govt with so much uncertainty? But die die must want to be one-arm swordsman: PAP is like one armed swordsman.

The PAP govt should do itself and us a favour, don’t raise GST until there’s more clarity on global economic growth: How PAP can win 65% plus of the vote.

US energy, manufactured exports to China to cheong

In China, Energy on 16/01/2020 at 4:29 am

Trump has signed a deal with Xi (OK, OK thier sidekicks signed it) on US China trade.

In it, among other things, China has to meet a US$200bn import target in the next two years. If it fails, Trump will restart tweeting bad things about China, raise tariffs etc.

The US Chamber of Commerce estimates that increased Chinese purchases of US agriculture products will account for only about U$32bn of the U$200bn target. This means implying that  will have to import huge amounts of energy, manufactured goods and services to make up the difference.

Xinjiang: What ang moh media doesn’t tell us?

In China on 15/01/2020 at 4:34 am

Do the ang moh tua kees who only read the NYT, Guardian and other woke publications know that in Xinjiang the homeland of  the Uighurs, there are 9m Han Chinese, versus 10m Uighurs.

And that

Many Han people in Xinjiang say they are not bothered by the intrusive security. “We’re all used to it, and in fact we like it because we know it keeps us safe,” says a woman surnamed Chen

https://www.economist.com/china/2020/01/09/many-han-chinese-dont-mind-the-gulag-for-their-uighur-neighbours

I’m sure that the woke will say that the Han Chinese should not be in Xinjiang. But it’s part of China, so why shouldn’t Han Chinese live there. The woke want Xinjiang to be like a red injun reservation in the West?

What’s really eating Xi’s heart out

In China on 29/12/2019 at 5:47 am

Taiwan houses one of the world’s great art collections. The National Palace Museum in Taipei has more than 650,000 antiquities and works of art, mostly from the historic imperial collections in the Forbidden City in Beijing,

The collection spans some 8,000 years, from the Neolithic to the modern. And everything from painting and calligraphy to bronzes, jades, lacquerware, ceramics and textiles.

Remember that about 3,000 crates of treasures from the National Beijing Palace Museum swam over to Taiwan as the government and army of Chiang Kai-shek’s Republic of China retreated to Taiwan after their defeat by Mao Zedong’s Communists.

Maybe the Taiwanese should offer to return the treasures to Xi in return for him allowing Taiwan to declare its independence?

It’s a win, win for both sides. The treasures really belongs to the Forbidden City and Taiwan deserves to be a de jure independent liberal democratic (sort of because they use physical violence in parliament, not juz verbal violence) nation, giving the finger to our dearly departed Harry’s self serving comment that Chinese don’t do democracy.

Chinese inventor, Kiwi manufacturers

In China on 17/12/2019 at 5:39 am

A Chinese inventor created Robo Fish – an electronic, plastic toy that moved in water – which Zuru manufactured. It pulled in $100m in annual sales.

https://www.bbc.com/news/business-50469922

Zuru was set up by three Kiwi siblings. They set up factories in China. Talking of carrying coals to Newcastle. Btw, the family are billionaires now. Btw2, inability to speak Mandarin was not a problem when they set up their first factory in China.

Another story of carrying coals to Newcastle: Bringing robot technology to Japan

What the Hongkies are hoping for by keeping up the protests

In China, Hong Kong on 15/12/2019 at 4:32 am

S’poreans, in general, take the view, that Hongkies are wasting their time protesting against China’s attempts to make HK more like S’pore in terms of political governance: Two cities, two systems

They should juz push for a massive HDB programme (When home ownership is less than 50%?) and other economic goodles.

Well

The hope was that eventually a Mikhail Gorbachev-like figure would appear in China who would allow universal suffrage in Hong Kong, Mr Chan says. “We don’t want to fight on the street. Why do we come out? Because the institution is not workable.”

FT

Wish them well. And remember this story. Given time, things can change.

Many years ago in a far away country a wise old teacher was in trouble with his King. The King sentenced the teacher to death, but listened to the teacher’s appeal.

The teacher pleaded for the King to give him five years in which to teach the King’s horse to talk. The King liked to own unusual things and a talking horse would certainly be unusual and after considerable thought said “yes”.

A friend of the teacher said to the teacher “Why did you make such a rash promise? You know no one has ever taught a horse to talk.” The teacher said in reply: “Sometime before the end of five years:

1. The King might change his mind and pardon me.

2. The King might forget that he sentenced me to death.

3. The King might die.

4. I might die.

5. I might teach the horse to talk.

In any event, I gain five years.”

https://naomistanford.com/2009/02/09/teaching-the-horse-to-talk/

Note that in other versions of the story, the “wise old teacher” is a con-man or trickster.

Great PR BS as Alibaba eats rival’s lunch

In China, Internet on 21/11/2019 at 10:52 am

Pinduoduo (China’s fastest-growing ecommerce site) posted 123% sales growth in its latest quarter, narrowly missing market expectations. Its losses unexpectedly more than doubled, and shares were down 22% in early trading.

“When numbers are really beautiful, it will usually mean . . . we were being too conservative,” said Pinduoduo founder and chief executive Colin Zheng Huang, FT reports. Btw, he owns 44.6% of the co and 89% of the voting power.

He claims Alibaba is asking retailers to choose between the his co or Alibaba.

India die die must compare itself to China

In China, India on 21/11/2019 at 4:50 am

Onion prices in India have soared to eye-watering heights, leading to worries about food inflation and consumer unrest as climate change hits production of one of the country’s most important vegetables.

FT

Sounds like India likes comparing itself to China. If China has a problem with a shortage of pigs to eat, (Grandpa Xi’s biggest headache) die die India must find similar problem.

Why PAP govt will use Huawel?

In China, Political governance, Public Administration on 19/11/2019 at 11:08 am

Despite the PAP govt trying to lick the ass of both Xi and Trump at the same time.

CSIS has a report on the “safe city” technology that Huawei is selling around the world. The facial recognition, licence plate recognition, social media monitoring and other surveillance capabilities it sells are generally being bought by authoritarian countries, raising the charge that Huawei is helping to “export authoritarianism”.

BBC story on surveillance systems that China is exporting often with the help of soft loans: https://www.bbc.com/news/business-50348861?intlink_from_url=https://www.bbc.com/news/technology&link_location=live-reporting-story

Related posts

Where US has to buy from China

Did Hali ask Xi for this app when they met?: Hali’s welcome by the Chinese reminded me that the Chinese have an app that will help Heng and other 4G leaders keep S’pore a one-party state, like China.

S’porean Chinese parents will want this

Cybersecurity: “Ownself hack ownself”

 

Honkies behaving like spoiled brats adopted by ang mohs (Cont’d)

In China, Hong Kong on 04/11/2019 at 5:03 am

In Honkies behaving like spoiled brats adopted by ang mohs, then abandoned, I quoted an FT reader who wrote:

As someone aptly described to me, to BJ, Hong Kong is like a kid who was adopted by western parents when she was young and now rejoining the birth family. But then she doesn’t want to rejoin, she thinks she’s too good for them. She wants to go back to the adopted family, who has left. BJ sees all these in her eyes, and will promote the other kids. HK has fallen out of favour.

My friend Chris Kuan has a better description

Geezer got it wrong, Its more like one of those sob Chinese dramas from the old days. Child brought up by angmoh after being given up by parents. After grown up, parent demand child to be returned and child is kicking and screaming, wanting to remain with the person who brought him up.

What Chris left out is that ang moh told kid they had to return to their real parents albeit with promises from the real parents that the kid could be like ang moh for another 50 years.

Whatever Hongkie kid prefers ang mohs. And in 2018 Hongkies love PAP govt, diss their govt.

HK attracts better quality FTs.

Hongkie FTs more classy

Hongkie FTs more classy cont’d

Problem that PAP doesn’t have even if curry puff prices etc have gone up by 7%

In China, Economy on 02/11/2019 at 6:33 am

Regular readers will know that l like to compare the PAP with the CCP: one is the ruling party in a de-facto one-party state, the other the ruler in a de-jure one party state. Examples: Keeping power in a one-party state and Why one-party rule sucks for Xi, Lee and Heng.

Well food inflation is not an issue here in the coming GE even if Old Chang Kee two weeks ago raised products by 10 cents across the board: roughly a 7% increase. My mum likes their curry puffs (now $1.60 each) while I like their various “balls”. Fortunately, I found another type of curry puff that my mum enjoys. Only $1 each but there may be an issue with consistent taste.

But food inflation is a problem in China. Data from China’s Ministry of Agriculture & Rural Affairs shows  the price of pork has risen 170% compared with the same time last year Chicken prices have increased 40% and beef 20%.

Why food inflation has gone thru the roof in China: Grandpa Xi’s biggest headache.

China’s new opium and the Gweilo selling it

In China on 31/10/2019 at 9:38 am

China’s government is trying to tackle its obesity problem. More than a quarter of Chinese adults, or roughly 350m people, are overweight or obese. Among children, the proportion is one in five, up from just one in 20 in 1995.

From the Economist (Emphasis mine)

Most public-health initiatives—such as “Happy Ten Minutes”, a programme which encourages youngsters to exercise for ten minutes a day—emphasise the importance of physical activity but say little about diet. This may not be an accident. Some academics have pointed to the influence in Chinese public-health campaigns of research institutes financed by Western multinational food-and-drink firms such as Nestlé and Coca-Cola. Cutting out junk food would mean slimming down their sales. Instead, ever more Chinese are turning to bootcamps, liposuction and diet pills.

https://www.economist.com/graphic-detail/2019/10/28/china-worries-about-its-bulging-waistlines

HSBC: West not tua kee

In Banks, China, Hong Kong, India on 31/10/2019 at 4:29 am

In fact ang moh sui jee.

HSBC recently came up with a worse than expected set of results. Despite a US China trade war (HSBC is world’s largest trade financier and China’s the wotld’s workshop) and HK riots, its Asian businesses performed in line with analysts’ expectations.

Ang moh countries under-performed as usual but disappointed the already low expectations

HSBC’s cost-to-income ratio is 104% in Europe, compared with 43% in Asia, where it generates nearly 90% of its profits. The bank makes only a quarter of its lending in Britain, yet the country generates 35% of its non-performing loans … Its $98bn of risk-weighted assets allocated to America produce only $527m in annual profit.

https://www.economist.com/finance-and-economics/2019/10/28/as-profits-dwindle-hsbc-plans-a-radical-overhaul

Ang mohs are expensive, useless deadbeats. The only Asian country in HSBC’s empire like ang moh land is Ah Neh Land.

Related posts

HK: Why HSBC can still smile: Money withdrawn from mainland banks are deposited into Hang Seng Bank. Majority-owned by HSBC but has its own listing and distinct identity and brand. Google up images of its branches. More on Hang Seng Bank: HSBC, Superman and another Cina superhero.

Why HSBC is really Hongkong Bank

 

 

HOHOHO: Temasek invested in WeWorks’ flea ridden dog

In China, Media, Temasek on 26/10/2019 at 4:10 am

In July 2018, the FT reported that SoftBank, its Saudi-backed Vision Fund, private equity firms Trustbridge Partners and Hony Capital, and our very own Temasek invested in a WeWork subsidiary in China. It was valued at US$5bn.

A year before, after Softbank and Hony put $ into it, it was worth US$1bn.

Great investment that naturally TOC’s M’sian Indian goons never reported. To be fair neither did other alt media publications. I think our constructive, nation-building trumpeted this investment.

Now?

China has emerged as one of WeWork’s worst performing markets as a local operation once seen as critical to the office provider’s global growth suffers from ultra-low occupancy rates and is “bleeding cash”, said people with direct knowledge of the business.

FT

What “ultra-low occupancy rates” mean. FT reported: WeWork locations in October in

Shanghai had a vacancy rate of 35.7% in October,

Shenzhen 65.3% (in Hong Kong only 22.1%  vacant) and

Xi’an, had a vacancy rate of 78.5%.

As reported in ST’s BS about WeWorks Cont’d, WeWorks is exiting China.

Wonder if our constructive, nation-building media will report this fiasco? It trumpeted its success last year.

TikTok data stored here

In China on 25/10/2019 at 3:00 pm

TikTok said all US user data is stored in the United States, with a backup in Singapore

BBC report

Beijing-based Bytedance owns TikTok, a video-sharing app popular in the US. TikTok says it “does not remove content” based on Chinese sensitivities.

This follows concerns raised by US lawmakers over whether Beijing censors content on the app and data collection.

Honkies behaving like spoiled brats adopted by ang mohs, then abandoned

In China, Hong Kong on 22/10/2019 at 5:45 am

(I hope FT doesn’t sue me for this copy and paste.)

This is a thread in an FT article on HK. Doesn’t Passeby’s first two paragraphs remind you of the typical S’porean response to the unrest in HK?

Passerby
I wish the parents of the teenager rioters lose their job and have to tell their rioter children they can no longer afford school and data plan and food for them. And these spoiled brats have to actually go out and live life and earn money. Yeh, maybe then they would appreciate a little more having stability in the society and the economic benefits the motherland China provides.

But then it would be too late, as this is not some kind of game. Macau is setting up their stock exchange. Shenzhen is taking over HK. Hong Kong will forever have lost its lustre.

As someone aptly described to me, to BJ, Hong Kong is like a kid who was adopted by western parents when she was young and now rejoining the birth family. But then she doesn’t want to rejoin, she thinks she’s too good for them. She wants to go back to the adopted family, who has left. BJ sees all these in her eyes, and will promote the other kids. HK has fallen out of favour.

The cost of these few months is immeasurable, and irrecoverable.

Hong Kong burns, and no one else burns with Hong Kong.

The responses were pretty good too

concerned n america
Maybe the HK kid sees the Muslim Uigher kid Getting their organs harvested and clearly doesn’t want to rejoin the evil family.

Aloha
@Passerby

Deep in the psyche of every Wumao is this shame that they have to justify and defend the death of hundreds of unarmed college students in Tiananmen in 1989 with jobs and economic growth. That if the Chinese Communist Party has not shot those protestors, their lives would somehow be worse off. That is the argument they have to repeat to themselves and to others.

South Korea had also had its ‘Tiananmen’ and people also died. But South Korea have confronted the past and is able to talk about it. Consider that South Korea is a country smaller than some Chinese provinces and what it has achieved economically. It’s a lie that the Chinese communist party wants people to buy in: that only the Chinese communist party can provide stability and economic growth.

Also no more Hong Kong means no more Chinese communist party members able to hid their ill gotten money off shore from mainland China.

Related posts:

Stop being fascinated with HK riots, look closer home

Financial aspects of protests

Attempt to bring down HK’s financial system fails: yet again

Why HSBC is really Hongkong Bank

China says it needs HK as a financial centre

Two cities, two systems

In China, Hong Kong on 19/10/2019 at 5:45 am

Singapore and Hong Kong have long offered rival political models. Singapore, put crudely, is an illiberal democracy; Hong Kong a liberal autocracy. One has a freely elected government but strict laws limiting, for example, public protest and some political debate. The other has a chief executive “elected” by a few hundred officials, a partially elected and weak legislature, but robust traditions of freedom of speech and assembly. Singapore has been pointing, discreetly, to its relative stability. On October 4th the foreign ministry advised Singaporeans to “defer non-essential travel” to Hong Kong.

https://www.economist.com/asia/2019/10/10/singapore-stands-to-gain-from-hong-kongs-troubles?fbclid=IwAR0v8guoxejGop67vdUO8Q7I5h_tqQfl6GU-R-sbIf0ysKxJJMJDGPBjQUs

HK still top dog vis-a-vis S’pore: China says it needs HK as a financial centre

Got this  right: HK: Who Beijing really blames for the protests and riots

Got this wrong: but HK’s CEO has announced that govt will seize back unbuilt land from tycoons to build public housing. This was a no-no since colonial days.

HK: Trumpets pls/ Next prediction

Grandpa Xi’s biggest headache

In China, Commodities on 17/10/2019 at 5:23 am

No it’s not the quai lan Hongkies. or Mad Dog Chee’s cousin Trump. He has a much bigger problem which means he can’t focus on HK or US China political and trade relations.

The price of pork, the most popular meat in China, jumped by 69.3% compared with September last year. The rapid rise in pork prices means that China’s consumer price index is up by 3% year on year in September, the largest increase since November 2013. The rise in pork prices contributes nearly half a percentage point to headline inflation.

The outbreak of African swine fever has cut China’s pig population by 39% and led to led to rationing and price controls in at least one Chinese city.

The govt has started releasing frozen pork from its reserves, starting with 10,000 tonnes. There are subsidies for new pig farms and plans to breed bigger pigs. (Btw, frozen pork is tenderer than chilled pork according to a S’pore study reported by our constructive, nation-building CNA)

Meanwhile, pork related stocks are cheong.

Background to Trump’s appeal to China on Bidens

In China on 05/10/2019 at 5:19 am

Trump had suggested on Thursday that the Chinese authorities could help dig up dirt on Mr Joe Biden and his son Hunter’s business dealings in China. Trump is already facing a  very rapidly escalating political crisis because of an impeachment inquiry.

The impeachment inquiry focuses on a whistleblower’s claim that the president put pressure on the Ukrainian president to investigate Joe Biden, the former vice-president and his potential rival in the 2020 presidential race.

Trump has now exacerbated the situation by asking for help from China, a nation that his own White House labelled a “revisionary power”.

Here’s what the BBC says:

What about the Bidens in China?

In 2013, then vice-president Mr Biden went to China on an official visit, where he met Chinese President Xi Jinping and other officials.

Hunter Biden and his daughter joined the vice-president, who had travelled with family members before.

During the two-day visit, Hunter met a Chinese banker, Jonathan Li, who would eventually become a business partner.

Mr Li founded a private equity fund shortly after the trip, and Hunter was on the board, although a spokesman for the younger Mr Biden told NBC News they did not discuss any business during the trip and the fund had been planned months earlier.

Hunter Biden was also not an equity owner in the fund during his father’s term as vice-president, according to the spokesman.

Hunter has denied meeting any Chinese officials about the business. However, he reportedly helped arrange for Mr Li to shake hands with Joe Biden during his trip to Beijing, which stoked claims of influence-peddling.

This August, Republican Senator and Finance Chairman Chuck Grassley questioned Hunter’s actions on the trip.

He said the younger Biden had a “history of investing in and collaborating with Chinese companies, including at least one posing significant national security concerns”.

https://www.bbc.com/news/world-us-canada-49924579?intlink_from_url=https://www.bbc.com/news/world/us_and_canada&link_location=live-reporting-story

There is also a story that a Chinese SWF invested a billion US$ in a hedge fund connected to Hunter. No credible evidence of this.

Heaven publicly humiliated Xi on his big day

In China on 03/10/2019 at 10:42 am

No, not the riots in HK or Hongkies stepping on his pictures of his face: How Beijing and HK celebrating today

No, it was a lot worse. Heaven rained on his parade. Not literally but on China’s National Day,  Beijing was under a blanket of smog. So, under hazy skies, Xi presided over the military parade on the 70th anniversary of the day Mao Zedong declared the founding of the People’s Republic in Tiananmen Square.

Don’t believe me, go look at the pixs of the parade. An example is above. Also look at the photos in https://www.bbc.com/news/world-asia-china-49891769?intlink_from_url=https://www.bbc.com/news/world/asia&link_location=live-reporting-story

Smog in Tiananmen Square on the 70th anniversary of the day Mao Zedong declared the founding of the People’s Republic is politically and symbolically important because on China’s National Day two yrs ago, Xi called for clearer skies.

Didn’t happen did it on the most important day in the Chinese political calendar? And on a landmark anniversary: the 70th anniversary.

The people of China are quietly taking note that Heaven doesn’t give face to Xi, unlike its treatment of Mao. A few months before he died, there was a massive earthquake that killed many people.

 

How Beijing and HK celebrating today

In China, Hong Kong on 01/10/2019 at 10:35 am

In Beijing, to celebrate the 70th anniversary of China’s liberation by the CCP, there is a big military parade presided over by Xi,

In HK:

[I]mages of Mr Xi will be glued on to walkways so that protesters can stamp on him as they pass by.

FT

Btw, FT’s great coverage of HK: HK: What MSM and alt media don’t tell us

Thicker than even blood: The PAP way is the CCP way.

 

China says it needs HK as a financial centre

In China, Hong Kong on 28/09/2019 at 7:00 am

OK, OK not China but the constructive, nation building People’s Daily: Xi’s answer to our ST.

In an editorial on September 16, the paper said that HK was irreplaceable for China because of its importance as an offshore renminbi trading hub, its rule of law, its role as a risk and wealth management centre and its place as one of the freest economies in the world.

Well you heard it from China’s ST, not from some CIA funded ang moh running dog ang moh media like the FT or Economist or NYT who have also said this. As by the way as does once cybernut hero Chris Kuan.

Why isn’t Terry Online’s Service taking stuff from him. Secret Squirrel tells me it’s because he tells it as it is. Terry only wants stuff that puts the PAP govt in a bad light, even if it means faking the facts: Why TOC’s Danisha Hakeem is a menace to the credibility of alt media. Btw, he’s a S’porean.

Sorry coming back to HK.

Financial aspects of protests

Attempt to bring down HK’s financial system fails: yet again

Why HSBC is really Hongkong Bank

Tourism is 40% down because mainlanders are not coming and Swiss cos are affected.

HK: Trumpets pls/ Next prediction

In China, Hong Kong on 16/09/2019 at 7:25 am

I got this right.

Last week, in HK: Who Beijing really blames for the protests and riots, I wrote

Morocco Mole (Secret Squirrel’s side-kick) says that his second cousin twice removed in the CCP Central Committee says that Xi is planning to make these tycoons make big public donations (billions of dollars) to the HK govt which will use the money to do things like build cheap (not “affordable”) public housing. Remember you read of this first here.

On Saturday, the People’s Daily (China’s ST) demanded that the HK tycoons show their sincerity instead of “hoarding land for profit and earning every last penny”. All in all, there were separate editorials in three major constructive, nation-building state-owned media outlets attacking the property tycoons. They all suggested that HK authorities seize undeveloped land and use it to build more housing. Fyi, they are so powerful that the HK govt was planning to reclaim land from the sea to build public housing on, because the tycoons did not want building on vacant land state land.

My next prediction is that before 1 October, the tycoons will make a huge gesture and, for them expensive, on cheap housing to placate Beijing and, hopefully, the protesters. Remember that 1st October is an important date in Xi’s calender.

On that day, Beijing will be hoping to project an image of national strength and unity with a military parade through the city to mark 70 years since the founding of the People’s Republic of China.

https://edition.cnn.com/2019/09/14/asia/china-hong-kong-october-1-intl-hnk/index.html

And the HK protesters are planning a big do to spoil Xi’s big day in Beijing. They aim to grab the attention of the ang moh media who live by “If it bleeds, it leads”, preferring to showing scenes of violence rather than boring march-pasts of of tanks and missiles.

————————–

Financial aspects of protests

Attempt to bring down HK’s financial system fails: yet again

Why HSBC is really Hongkong Bank

Tourism is 40% down because mainlanders are not coming and Swiss cos are affected.

————————————————————-

Meanwhile, both sides are aware of the 800-pound gorilla in the room: US Cavalry riding to rescue HK from chief Xi?

Finally, Who is the superhero of protestors and short-sellers?

HK: Who Beijing really blames for the protests and riots

In China, Hong Kong on 13/09/2019 at 3:04 pm

Chinese officials and their running dogs have publicly blamed the West (CIA. MI6, etc etc) for instigating the ang moh tua kee Hongkies.

The int’l press meanwhile have been highlighting that the local tycoons had been assuring Beijing that all was well: focusing on the big picture economic numbers and gliding over or misrepresenting awkward data like the declining affordability of housing*. They also reported that Beijing officials were privately grumbling about being misled by local tycoons.

So it was interesting that when the Economist and the NYT recently interviewed Ren Zhengfei, Huawei’s founder: he said he thinks that Honkie tycoons were “too greedy”

Asked about the unrest in Hong Kong, the Huawei boss voices aloud a criticism that other members of the mainland elite normally voice in private: that the tycoons who dominate the former British colony have been too greedy over the years. “The issue in Hong Kong has been caused by extreme capitalism. The four major families have made enormous amounts of money,” he says, detailing how the same few property magnates control the economy down to its humblest newspaper kiosks and coffee shops. “A lesson we are learning from the current situation in Hong Kong is that the divide between the rich and poor shouldn’t be too large,” he says.

https://www.economist.com/china/2019/09/12/huaweis-founder-defends-deng-xiaopings-chinese-model

Morocco Mole (Secret Squirrel’s side-kick) says that his second cousin twice removed in the CCP Central Committee says that Xi is planning to make these tycoons make big public donations (billions of dollars) to the HK govt which will use the money to do things like build cheap (not “affordable”) public housing. Remember you read of this first here.


*Bit like grassroot leaders telling PM and his millionaire ministers that the grumblings of people like me between 2007 and the calling of GE 2011 was “juz noise” and didn’t reflect reality: voters were happy with the PAP. As PM admitted, he and his ministers realised the truth during the campaigning and he apologised: BG Yeo wants to lead Opposition within the PAP?.

Eat yr heart out, HK doomsters, hedgies

In China, Hong Kong on 12/09/2019 at 4:11 am

The Chinese are buying HK shares. Better still state-owned cos are suspected to be doing much of the buying at the behest of Xi.

Since the start of the year, net purchases of Hong Kong stocks by mainland Chinese investors had reached almost HK$160bn ($20bn) by the close of the market last Friday. This is almost double net inflows of HK$82.7bn for all of 2018. The buying was made through stock connect programmes of the Shanghai and Shenzhen stock exchanges.

Related posts:

Attempt to bring down HK’s financial system fails: yet again

Hedgies con trick unravels

US Cavalry riding to rescue HK from chief Xi?

In China, Hong Kong on 11/09/2019 at 10:37 am

Or to be a lot more accurate, will the US Congress pass “Hong Kong Human Rights and Democracy Act”?

The proposed bill would allow the US government to place sanctions on Chinese officials who “suppress basic freedoms” in Hong Kong and would require it to regularly certify the city’s “high degree of autonomy” in order for it to continue to enjoy preferential trade and investment policies not available to mainland China.

Last weekend, there was the usual massive peaceful protest followed by small scale but very violent riots. HK protesters were marching, asking the US congress to pass the above act. Many of the marchers, from elderly retirees, young families and students, carried US flags, or placards bearing the face of Donald Trump to call on the him to support them.

————————————————————————————–

How Hongkies justify flying US flag

The US flag is about freedom and bravery,” said one, a 30-year-old who gave his name as Peter. “It’s not about supporting the US government, it’s about the value behind the flag no matter who the US president is at the time. The flag and the freedom doesn’t change.

Quote from FT

Tun manufacturing another row to stir his anti-PAP S’porean fans?

Btw, carrying placards with The Donald’s face on them is a smart way of currying his favour. He can tell Xi, “I’m more popular then you in Hong Kong.”

—————————————————————-

The US Congress will return this week after its summer recess. The Hong Kong bill has widespread bipartisan support.

China’s leaders must either respect Hong Kong’s autonomy and rule of law or know that their escalating aggression will inexorably lead them to face swift, severe and lasting consequences from the United States and the world. Today, that choice is theirs.”

Marco Rubio, a former US presidential candidate and co-sponsor of the bill.

Another example of the Americans’ attitude: Americans and Chinese lay down the law to HK

 

 

 

 

 

China, the copy cat

In China, Currencies on 08/09/2019 at 4:23 am

China’s central bank has been working on its very own crypto-currency, which is close to being unveiled.

What is interesting is that the Chinese are saying that it will bear a similarity to Facebook’s Libra virtual currency.

Consumers will be able to use it to pay for things on major mobile payment platforms like Alipay and WeChat, Mu Changchun, deputy director of the People’s Bank of China’s payments department told Reuters.

The aim is for the tokens of this crypto-current to be as safe as paper money issued by the central bank, and can be used even without an internet connection.

Facebook announced in June that it planned to launch its own global digital currency. Since then there has been KPKBing from regulators, bank chiefs and politicians. They are afraid it will be difficult to regulate.

Another example of Chinese copying. When I posted this, Sci-fi can help defeat the PAP?, a sci-fi fan said that the Chinese Sci-fi story mentioned was nothing more than a rip-off from an ang moh story. Sad.

With US cos like these, Xi can give Trump the finger

In China on 05/09/2019 at 4:02 am

Further to With Apple as a US co, USA doesn’t need enemies, here’s more on US cos who have decided to give Trump, and others who have serious concerns about China — congress, and the defence and security establishments — the bird. The Donald, congress and defence and security establishments think that China is the new USSR and must be contained.

But investments by US companies in China have grown this year despite the worsening trade row. Some American businesses want to benefit from China’s expanding consumer market.

US companies invested US$6.8bn into China in the first half of the year, up 1.5% from the average during the same period over the past two years, according to the Rhodium Group, a consultancy.

Most of the US$6.8bn

went into greenfield projects, such as electric vehicle maker Tesla’s factory in Shanghai, which will be the first wholly foreign-owned auto plant in China. Other large deals included US fund Bain Capital’s $570m investment in data centre provider Beijing Qinhuai.

FT

Btw, this data contradicts China’s official data but the FT says this data is more reliable

And btw2, late last week, The Donald said was ready to use emergency powers to compel US companies to stop doing business with Beijing. But according to the FT, US cos think he’s talking cock.

Here’s why US cos are prepared to put profits before patriotism:

US retailer Costco was forced to close early on its opening day in China, after the store was swamped with shoppers.

https://www.bbc.com/news/business-49492326

But Grandpa Xi has Chinese cos that are just as unpatriotic as American cos: With cos like these, China doesn’t need enemies like Trump

HK protests affect Swiss cos

In China, Hong Kong, Tourism on 04/09/2019 at 4:06 am

The protests have led to share price falls for Swiss watchmakers Richemont and Swatch Group. They had fallen after previous unrest in 2014 but then recovered.

It’s all about tourists (especially from the mainland) buying their stuff: Why ang moh luxury brands lick Chinese p***ies.

Japan helps Africans to fight “Chinese debt trap”

In Accounting, China, Japan, Public Administration on 31/08/2019 at 4:07 am

Japan is hosting the Tokyo International Conference for African Development (Ticad) summit. And Japan’s prime minister, Shinzo Abe, is the co-host.

He warned African leaders about the dangers of accumulating too much debt, the AFP news agency reports. His comments are seen as a snarky warning about China’s role in Africa as Beijing is said to favour its own companies for big infrastructure projects.

He told the leaders attending the development conference in Yokohama that Japan was promoting “quality” investments to be supported by Japanese institutions, the agency reports.

Unlike China, Japan says sound financial advice and support is behind its Africa strategy.

Tokyo plans to train experts in 30 African countries in the next three years on how to manage risk and public debts, it says. It wants to send financial experts to debt-ridden countries on multi-year missions to help them improve their finances and thus avoud the “Chinese debt trap”: overborrowing from the Chinese, being dependent on the Chinese for financing and having to sell assets to repay the debts.

He said more entrepreneurs should be encouraged to improve economies on the continent.

“If partner countries are deeply in debt, it interferes with everyone’s efforts to enter the market,” the Japanese prime minister was quoted as saying.

 

 

 

 

With Apple as a US co, USA doesn’t need enemies

In China on 24/08/2019 at 11:33 am

The US-China tech war is all about “decoupling”. But Apple is sourcing its iPhone screens from a Chinese state-owned enterprise, according to the Nikkei Asian Review.

Apple is about to decide on whether to add BOE Technology Group, a leading display maker, to its next iPhone procurement list. If BOE passes the test, their organic light emitting displays, or OLED, will be used in two iPhone models to be released next year. If BOE gets the contract, it will mark a breakthrough for China’s industry.

BOE, which supplies the screens for Huawei’s latest phones, is an emerging industry leader. So from this perspective, Apple’s consideration is rational. But political imperatives could intervene as the US ramps up commercial pressure on China to contain its advances in high-tech.

If Apple chooses BOE’s screens, it could begin to challenge Samsung’s supremacy in the display sector. However, the Chinese company remains vulnerable to a potential clampdown from Washington, possibly restricting supplies of crucial materials from US companies such as Corning, 3M and Applied Materials.

Btw, Trump gave Apple the finger when it  asked him for exemption for some products. He told them to make them in the USA.

With cos like these, China doesn’t need enemies like Trump

In China, Uncategorized on 24/08/2019 at 4:26 am

Chinese businesses were obeying Trump even before Trump tweeted to US cos, (not Chinese cos)

Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing your companies home and making your products in the USA.

Chinese companies are following MNCs in leaving China, and using alternative production bases to mitigate the impact of the trade war with the US

Since last June, 33 listed companies have informed China’s two stock exchanges of their plans to set up or expand production abroad, according to data compiled by the Nikkei Asian Review.

To be fair to them, multiple rounds of tariffs on Chinese goods are only part of the equation. Rising wages and other costs, are prompting Chinese companies to move out of the country.

Trump the Dumbo

In China on 19/08/2019 at 2:07 pm

He didn’t know tariffs on Chinese imports hurt Apple but helped Samsung.

US President Donald Trump said he has spoken to Apple’s Chief Executive Tim Cook about the impact of US tariffs on Chinese imports – and how those duties could give an edge to rival Samsung.

Mr Trump said Mr Cook “made a good case” that the tariffs could hurt Apple, given Samsung’s products wouldn’t be subject to the duties.

“I thought he made a very compelling argument, so I’m thinking about it,” said Mr Trump.

The US is due to impose tariffs on an additional $300bn (£246.9bn) worth of Chinese products this year, even after the Trump administration recently said it would delay imposing tariffs on goods such as mobile phones, laptops, video game consoles and computer monitors until 15 December.

How China is squeezing Trump’s balls

In China, Tourism on 18/08/2019 at 4:27 am

Tens of thousands of Chinese tourists are shunning the country as a holiday destination, and companies from Tiffany to Hyatt Hotels are counting the cost.

FT

It goes to say US business love tourists from China because on average they spend U$7,000 per including the costs of flights and accommodation, according to data from the US Travel Association.

After several years of double-digit growth, however, Chinese visitor numbers rose only 4% in 2017 and last year they declined for the first time since 2003. There were 2.99m arrivals in 2018, a drop of 6% from 2017. This trend is continuing this summer. US executives say the slowdown is weighing on profits.

Trump will cry “Uncle” when retailers renting space in Trump properties go bust.

Huawei: More bad hair days

In China on 17/08/2019 at 5:59 pm

Further to its problems in China (Huawei accused of saying Taiwan is independent), Huawei has now had to deny a Wall Street report that its technicians were involved in intelligence-gathering operations in Uganda Zambia and Algeria on behalf of the countries’ govts.

And US technology and telecoms companies still do not know whether they will be able to sell to Huawei after Monday, when a temporary export licence runs out.

Time for Huawei’s founder to call in the Feng Shui masters? But then he’s a CCP member. The CCP requires members to be atheists.

Huawei accused of saying Taiwan is independent

In China on 17/08/2019 at 1:48 pm

Versace, Coach, Givenchy, and Swarovski faced criticism this week for listing Hong Kong, Macau, and Taiwan as a separate countries or regions – not part of China – on their official websites or branded T-shirts.

Well now Huawei is accused of implying in its smartphone settings that Taiwan is independent.

[U]sers on Chinese social media Weibo have expressed anger that Taiwan was listed as its own country when the default language in Huawei’s smartphone setting was set to traditional Chinese – the script used in Taiwan and Hong Kong. Mainland China mostly uses simplified Chinese.

“This is outrageous. This is how Huawei repays China?” one user said on Weibo.

https://www.bbc.com/news/business-49366177

 

Another headache for Xi

In China, Commodities on 16/08/2019 at 6:28 am

Eastern Europe sees sharp rise in swine fever outbreaks

Growing signs that devastating virus that has gripped Asia could hit Europe
FT headline

This reminded me that a few weeks Cranswick was the biggest riser in the FTSE 250 index after reporting that trading in the first quarter of the financial year had been encouraging.

It said Asian export revenues were strongly ahead of the corresponding period last year, reflecting increased demand from China following the widespread outbreak of Africa swine fever.

Well, the problems in Chinese pork production and the resulting inflation in pork prices is not good news for Xi.

China’s pork imports surged nearly 63% in May from the same month last year, customs data showed on Sunday, as the world’s top consumer of the meat stocked up on supplies ahead of an anticipated shortage.

….

China’s pork prices rose rapidly in the first-half of March, triggering large purchases of meat from overseas markets, including the United States.

Prices have since stabilised, with importers and traders saying demand in recent weeks for imported frozen pork has been very weak amid plentiful supplies of fresh pork from farmers slaughtering their herds as the disease reaches new areas.

Demand is likely to pick up again in coming months, however. Beijing said earlier this month that the country’s sow herd fell by 23.9% in May from a year earlier, a huge drop that will create a significant decline in output.

Analysts at Rabobank said in April that China’s pork output could fall to just 38 million tonnes in 2019, versus 54 million tonnes last year.

Imports would be capped at about 4 million tonnes, they said, based on available world supplies.

https://www.reuters.com/article/china-economy-trade-pork/corrected-chinas-pork-imports-surge-in-may-near-3-yr-high-idUSL4N23V0I2

Related posts:

China will eat & eat

Chinese zodiac’s animals: global distribution per capita

 

Interesting, relevant, little known facts about HK’s general strike

In China, Hong Kong on 06/08/2019 at 10:35 am

Strike brings Hong Kong to a standstill as political crisis deepens

Transport network crippled and flights cancelled as police clash with protesters
FT Headline

It went on

Advertising and banking employees joined construction and retail workers to take part in Hong Kong’s first general strike in half a century, showing how anti-government sentiment is now building among professionals.

There were the usual clashes and the use of tear gas by the police.

Here’s some facts that are not well known but relevant in analysing the situation in HK

There hasn’t been a general strike [in Hong Kong] since the 1960s when the Beijing-controlled unions called the strikes,” Antony Dapiran. He has written a book on the history of dissent in HK. So if the West is really behind the protests as Beijing alleges, cannot isit? Juz retaliating ler.

A HK conglomerate (Secret Squirrel tells me HK Special Branch tells him it’s the Jardine Group) said via an unofficial but authoritative spokesperson that employees who choose not to come to work on Monday could count it as a “work from home”. Seems Swire Group also had a similar policy. Both are British Hongs.

The local HK conglomerates (Cheung Kong, Hutch etc) juz said nothing as they hope not to upset Beijing, the HK govt, or their HK employees.

An HSBC spokesman said: “We respect that our employees have their own personal views on political and social matters. Our priorities are the safety of our employees and supporting our customers.”

A 34-year-old HSBC bank employee said the bank had not officially sanctioned the strike on Monday but some managers had told staff verbally they would not be penalised for not coming to work.

FT

Remember that HSBC includes the Hang Seng Bank which has a lot of branches serving the people: the takeover of Hang Seng Bank was the start of HSBC becoming a global bank: HSBC, Superman and another Cina superhero.

StanChart, Citi etc kept quiet hoping not to upset Beijing, the HK govt or their employees.

Btw, HSBC’s retail business holds billions of dollars in deposits in HK, and has a leading position in mortgages: both may suffer if instability worsens.

Trump the moron

In China, Currencies on 03/08/2019 at 3:00 pm

Trump wants a weaker US$: Another reason for Trump to be upset with UK.

But as Seema Shah, chief strategist at Principal Global Investors said his plans to impose a fresh 10% tariff on another US$300bn of Chinese products will result in a further strengthening of the US dollar – already at a two-year high before the tariff announcement – “as investors inevitably rush for its perceived safety”.

“Furthermore, US tariffs will weaken China’s economy and others that are intricately tied to China’s supply chains, putting downward pressure on their currencies and upward pressure on the US dollar.

“The reality is that the US has a far greater ability to control its own currency than Europe, which is beset with problems including Italian instability, an unbalanced economy across the bloc and fiscal tightness. At some point, the Trump administration may realise that the most effective and beneficial route to weakening the US dollar will be correcting the underlying fundamentals, not intervention.

“The quickest route to a cheaper dollar is ending the trade war”.

 

Americans and Chinese lay down the law to HK

In China, Hong Kong on 30/07/2019 at 4:19 am

The Americans were very aggressive, while the Chinese were very wishy washy, mouthing platitudes.

The American Chamber of Commerce in Hong Kong (AmCham members represent sectors ranging from financial services to logistics and tech) has called on the government to take immediate action to restore business confidence in HK, including a complete withdrawal of the controversial bill that would have enabled extraditions to mainland China.

It suggested the government restore confidence by “formally and completely” withdrawing the extradition bill “to remove any room for continued public doubt” among other measures, it said in a statement.

What I found funny was that this statement was sent following a survey of its members. Only 12% responded to the survey according to the FT yet

“A clear majority of our membership surveyed over the past week said the government needs to address the underlying causes of the protests and not simply to paper over the cracks of social instability with a short-term law-and-order fix,” said AmCham President Tara Joseph.

(BBC report)

Meanwhile, the Chinese comments were pretty mild.

“We hope that… people will stand firm in defence of the rule of law,” a spokesman for the government’s Hong Kong and Macau Affairs Office said.

Adding “We call on the general public of Hong Kong to be aware of the grave nature of the current situation.”

He condemned “the evil and criminal acts committed by the radical elements” in Hong Kong.

“We noticed he Hong Kong government has earnestly reflected on its inadequacies over its work on the extradition bill, and Carrie Lam said on July 1 she would change her governing style to be more open and tolerant in listening to Hong Kong people’s feedback.”

HK has seen eight consecutive weekends of protests.

Wechat conquers China, Facebook the world

In China, Internet on 27/07/2019 at 1:32 pm

WeChat has 1.1bn users in China (Peanuts round the rest of the world including HK), but Facebook has long outgrown the US market to boast 2.3bn* users worldwide according to Matt Sheehan at MacroPolo.  He has been looking at the quality of data collection and analysis in China and the US and compares the capabilities of the US and China.


*2.4bn as of June.

New headache for Heng

In China, Economy on 27/07/2019 at 6:14 am

Trump realises that S’pore’s freeloading off the US, and has told the US trade representative to fix the freeloading. The good news is that China and a whole host of countries are in the same situation.

In a memo to Robert Lighthizer, the US trade representative, on Friday, Mr Trump has yet again attacked the World Trade Organization, saying it allowed too many countries to claim the status of a developing economy and special treatment that is damaging the global trading system (i.e. damaging America).

As well as usual suspect China, he mentioned other countries that he thought should not be classified as developing., This included S’pore and two other   Asian city-states such as Hong Kong and Macau, as well as Gulf countries such as Kuwait, Qatar and the United Arab Emirates. He also said Turkey, South Korea and Mexico claimed the status of a developing nation, even though they were part of the OECD group of advanced economies. On these three countries I agree with him that their status of “developing nation” is illogical.

What about India meh? Can developing nation afford to send robots to the moon, even if the rocket is rubbish? Failed to launch first time. Had to repeat. Secret Squirrel’s sidekick, Morocco Mole, says his Indian cousin twice removed says the fault lay with made-in-India software. And we still relying on Indian software expertise for projects like SingPass? Re: SingPass technical support versus that of OCBC and HSBC and SingPass sucks, really sucks. (To be fair to SingPass, it does work well after one gets into the system. But getting to that stage was a struggle as the posts show.)

He reminded the benefits that came from having developing economy status at the WTO, including procedural advantages in disputes, softer tariff cuts, the ability to maintain export subsidies and weaker commitments in negotiations.

Related posts:

If China withdraws behind the Great Walls

Why Sino-US Cold War is great for our economy

“Only cold spell coming, but not Winter”

IMF affirms support for PAP policies.

If China withdraws behind the Great Walls

In China on 25/07/2019 at 4:50 am

McKinsey Global Institute thinks the world stands to lose up to U$37tn if China withdraws from the world as a result of tensions with the west. Tech forms a big part of this amount. Btw, 90% of technologies used in China follow global standards.

HK: Inconvenient truths for China and West/ FT PAP missed

In China, Hong Kong on 23/07/2019 at 5:33 am

As the letter to the Editor of the Economist (see below) points out

— “The promise of universal suffrage as the ultimate aim appears in the Basic Law”, HK’s “constitution” that was approved by Beijing. One in the eye for China for being that stupid. Another in the eye for now changing it’s mind. Why pretend in the first place?

— The British only took “action to return power to the people until they learned that there would be no hope of extending British rule beyond 1997”: “Perfidious Albion” as the French would say. Saboing China isit? Planting a bomb and hoping it would explode after they left?

To be fair to the British Foreign Office, the mandarins there were appalled by the decision of Chris Patten (last governor of HK but the first British politician to hold that post) endorsed by the British cabinet to give the HK people democratic rights which the British had long withheld from them.

The mandarins like the Chinese leaders thought that HK would be returned to China on an “as is” basis. The clock on political and social changes had stopped at the time the Sino-British joint declaration on the future of Hong Kong was agreed upon, unless both sides agreed to changes. But Patten saw a loophole in the declaration, and sensed that China did not want to make HK people more fearful of China by publicly kicking up a huge fuss about giving the HK people democratic rights previously denied to them.

The letter is from a pro-China member of LegCo. She was the Secretary for Security and tried to pass some really draconian laws but the Hongkies demonstrated and the laws never passed.

I must take issue with “China’s chance” (June 22nd), which ascribed the recent turmoil in Hong Kong to China’s alleged suppression of Hong Kong’s freedoms and reluctance to grant the territory universal suffrage in electing its chief. China has gone much further than Britain in democratising Hong Kong. The promise of universal suffrage as the ultimate aim appears in the Basic Law, Hong Kong’s mini-constitution, not in the Sino-British joint declaration on the future of Hong Kong. Nor did the British overlords take action to return power to the people until they learned that there would be no hope of extending British rule beyond 1997.

It is naive to suggest that universal suffrage will solve all Hong Kong’s problems. Its people, especially the young, are deeply angered by the acute housing and land shortage, the widening wealth gap, worsening living conditions and the narrowing opportunities for upward mobility because of competition from a rising China. Hong Kong, however, is not unique in experiencing deep divisions because of growing disparities.

Universal suffrage to elect the city’s leader, with groups fighting on opposing ideological or socioeconomic platforms, would serve only to amplify the existing schisms. Britain’s recent political polarisation among Remainers and Leavers is a cautionary tale for those who have romantic illusions about democracy. Our city’s priority must lie in tackling deep-rooted social and economic problems with a view to improving the livelihood of our people.

regina ip
Member of Hong Kong’s
Legislative Council
Hong Kong

Maybe PAP govt should have offered her a job in the civil service after she resigned as Secretary for Security. She’s their kind of FT: what with her dismissal of universal suffrage, and emphasis on security and keeping the masses contented. But she really has talent, and has a mind of her own, like many Hongkies.

Related posts:

How Xi can hurt HK the non violent way

HK demonstrations: What I’d like to know

Why Sino-US Cold War is great for our economy

In China, Economy, Indonesia, Malaysia, Vietnam on 22/07/2019 at 5:37 am

It’ll do for our economy what the Vietnam War did for HK and our economies: spur economic growth

Further to Will the last US MNC leaving China switch off the lights, the charts below show almost nothing is made in America. Almost everything is made in China, and almost the rest in Asean i.e. countries like Vietnam, Indonesia and M’sia.

As the regional trading, financial heart and hi-tech manufacturing centre (Think Ang moh manufacturer employs more people here than in China and planning to employ a lot more) of Asean, we’ll benefit (Think Ang moh who bot S$73.8m flat).

Bang yr balls Oz-based TRE cybernut and funder “Oxygen”. Left S’pore a long time ago but still hates S’pore and wishes us ill. But still has CPF account. Used to evade Oz tax, it’s alleged by Secret Squirrel.

But of course short term we suffer: “Only cold spell coming, but not Winter,” says Heng. 

Vote wisely. Remember: IMF affirms support for PAP policies.

 

 

Will the last US MNC leaving China switch off the lights

In China on 19/07/2019 at 3:50 pm

Further to Apple planning to leave China with help of Taiwanese Foxconn, big US MNCs such as HP, Dell, Microsoft and Amazon are looking to shift big amounts of their production out of China, says the Nikkei Asian Review. The potential exodus reveals how the US-China tech war is accelerating the already underway cost-push migration of capacity to SE Asia.

The plans vary for each company.

HP and Dell, which together command about 30% of the global personal computer market, are planning to shift up to 30% of their notebook production out of China. Microsoft, Google and Amazon are considering moving some of their game console and smart speaker manufacturing out of the country.

Others are evaluating options.

These plans have not changed since President Donald Trump signalled at the G20 meeting in Japan a possible softening of a ban on US businesses exporting technology to China. US policy is too uncertain, it says

But can US MNCs manage to move? Nikkei doesn’t bother to analyse. Watch this space for analysis.

How Hongkies organised leaderless protests

In China, Hong Kong on 18/07/2019 at 11:32 am

An excerpt from a BBC report. I recommend that real anti-PAP warriors read the report to pick up tips.

Many of the calls to protest are made anonymously, on message boards and in group chats on encrypted messaging apps.

Some groups have up to 70,000 active subscribers, representing about 1% of Hong Kong’s entire population. Many provide updates and first-hand reports relating to the protests, while others act as a crowdsourced lookout for police, warning protestors of nearby activity.

There are also smaller groups made up of lawyers, first aiders and medics. They provide legal advice and get supplies to protesters on the front lines.

Demonstrators say the online co-ordination of protests offers a convenient and instant way to disseminate information. The chat groups also let participants vote – in real time – to decide the next moves.

https://www.bbc.com/news/technology-48802125

Huawei bites back

In China on 16/07/2019 at 1:56 pm

Huawei is planning extensive job cuts in the US, the Wall Street Journal has reported, citing anonymous sources. Huawei has declined to comment.