An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Showing posts with label Hong Kong. Show all posts
Showing posts with label Hong Kong. Show all posts
Wednesday, February 26, 2020
Zero Hedge — Hong Kong Embraces Helicopter Money - Govt Gives Every Adult Citizen HK$10,000
HK "goers there."
Zero Hedge
Hong Kong Embraces Helicopter Money - Govt Gives Every Adult Citizen HK$10,000
Tyler Durden
Tuesday, November 26, 2019
Can Hong Kong Avoid Tragedy? Andrew Sheng and Xiao Geng
To protect their own futures, the people of Hong Kong must reflect carefully on the need to end violent protests and work together to address genuine grievances. The alternative is not some fantasy of an independent and thriving Hong Kong. It is a devastated economy, a divided society, and a lost generation.Project Syndicate
Can Hong Kong Avoid Tragedy?
Andrew Sheng, Distinguished Fellow of the Asia Global Institute at the University of Hong Kong and a member of the UNEP Advisory Council on Sustainable Finance, and former chairman of the Hong Kong Securities and Futures Commission; and Xiao Geng, President of the Hong Kong Institution for International Finance, and professor and Director of the Research Institute of Maritime Silk-Road at Peking University HSBC Business School
Monday, October 14, 2019
A Different View From Hong Kong — Rod Dreher
The American Conservative
A Different View From Hong Kong
Rod Dreher
See also
Zero Hedge
Hong Kong Police Targeted With Explosive Device
Tyler Durden
Sunday, October 13, 2019
An alternative view of HK protests — George Koo
Asia Times
An alternative view of HK protests
George Koo
A US view
The American Conservative
Mortal Kombat Against Beijing’s Agents
Rod Dreher
Which is off the wall?
RT — Xi warns any attempt to divide China will end in ‘SHATTERED BONES’
Chinese President Xi Jinping has issued a blunt and unambiguous warning to any foreign actors trying to tear Hong Kong from Beijing, stating that such plots would not end well for the perpetrators.
"Any attempt to split China in any part of the country will end in crushed bodies and shattered bones," he told Nepal's Prime Minister KP Sharma Oli in a meeting on Sunday, according to China's state broadcaster CCTV. He added that the Chinese people would consider any outside effort to divide their country as “pipe-dreaming.”RT
Behind Hong Kong’s Black Terror —Pepe Escobar
Global Research
Behind Hong Kong’s Black Terror
Pepe Escobar
Crossposted at Strategic Culture Foundation
Crossposted at Strategic Culture Foundation
Clock ticking on Hong Kong luxury store closures if protests continue – it could end up like a third-tier city in China, LVMH executive says — Vincenzo La Torre
South China Morning Post
- Hong Kong is the most important market in Asia for luxury brands – as a stepping stone to mainland China and a magnet for shoppers from there and wider region
- Brands are unlikely to invest more in the city now, and could start downsizing as soon as January, an adviser to the luxury retail industry says
Clock ticking on Hong Kong luxury store closures if protests continue – it could end up like a third-tier city in China, LVMH executive says
Vincenzo La Torre
See also
Backgrounder
Global Research
The History of Hong Kong, Britain’s Colonial Legacy. Fast Forward to 2019
Larry Romanoff
Wednesday, October 9, 2019
Tracking foreign interference in Hong Kong — Pepe Escobar
Good backgrounder. Not just about "interference."
The Vineyard of the Saker
Tracking foreign interference in Hong Kong
Pepe Escobar
Monday, September 16, 2019
On the ground, feeling the pulse of Protest Hong Kong — Pepe Escobar
Two years ago, in Hamburg, Special Forces were deployed against black bloc looters. In France, the government routinely unleashes the feared CRS even against relatively peaceful Gilets Jaunes/Yellow Vest protesters – complete with tear gas, water cannons and supported by helicopters, and nobody invokes human rights to complain about it. The CRS deploy flash ball strikes even against the media....
Western media accounts, predictably, focus on the radical fringe, as well as the substantial fifth-columnist contingent. This weekend a few hundred staged a mini-protest in front of the British consulate asking, essentially, to be given asylum. Some of them are holders of British National Overseas (BNO) passports, which are effectively useless, as the provide no working or residency rights in the UK.
Other fifth-columnists spent their weekend waving flags from Britain, Australia, Canada, France, Germany, Japan, Poland, South Korea, Ukraine, US, Taiwan, and last but not least, the Hong Kong colonial flag.…But what about the rest, the overwhelming plurality? Pepe Escobar fills us in. He used to live there and knows the ground.
I was there on several occasions decades ago when "the pearl of the Orient" was still a British colony. Doesn't sound much different now other than that the money has overflowed to the top owing to the property bubble, and most of the working people are still in pretty bad shape socially, politically and economically.
The Vineyard of the Saker
Saturday, September 14, 2019
Why the Protestors of Hong Kong Are Destroying the Prosperity of Their Country — Martin Seiff
The protestors and West believes that Hong Kong is a vital resource for China, but they apparently do not realize that this is no longer so. Hong Kong's contribution to the Chinese economy has shrunk greatly, and China has already been planning to replace it with Shanghai as a financial center, as it use to be, and other centers on the mainland. Reports reveal that Hong Kong is already being abandoned.
China won't relinquish it sovereignty over Hong Kong without a fight, which highly unlikely to happen. But Hong Kong is no longer the "pearl of the Orient" in China's estimation. It has served its purpose and is already in the process of being replaced by truly Chinese financial and business centers at the core.
In fact, Hong Kong is an uncomfortable reminder of Chinese humiliation during the colonial period. For that reason alone, Hong Kong would eventually be doomed to oblivion in the new China as China regains its traditional position as the "Central Realm," replacing the "upstart" US with a short history and no culture.
Even Europeans were running around in bear skins, who Romans considered uncivilized barbarians, while China was already an ancient civilization largely unknown to the West. Traditional societies like China now view Western civilization degenerating under the excess of its liberal philosophy, now being pushed its logical conclusion of "anything goes."
Taking the long view, China was in no rush for this break to happen. But the short-term thinking of others has now forced the issue, the "others" being the protestors and their backers.
Strategic Culture Foundation
Why the Protestors of Hong Kong Are Destroying the Prosperity of Their Country
Martin Seiff, formerly senior foreign correspondent for The Washington Times and United Press International
This is just another step in the process of decolonization that is now going on in the non-West as "liberal globalization" (neoliberalism, neo-imperialism and neocolonialism) is rolled back.
Strategic Culture Foundation
Why the Protestors of Hong Kong Are Destroying the Prosperity of Their Country
Martin Seiff, formerly senior foreign correspondent for The Washington Times and United Press International
Sunday, September 1, 2019
Zero Hedge — "Burn With Us" - Protesters Clash With Riot Police At Hong Kong Airport Amid Surge Of Violence
This is no longer marketable as a non-violent protest. It is turning into open revolt. The Chinese leadership is unlikely to put up with this escalation indefinitely, only long enough for the protestors to discredit themselves. The West is unlikely to intervene directly, and imposing more sanctions won't matter much either. The decision seems to have been taken to decouple.
In the long run, this bodes ill for Hong Kong. It will be replaced by similar facilities and operation on the mainland, and that is already in the works. How does that affect Hong Kong real estate, some of the most expensive in the world?
"Burn With Us" - Protesters Clash With Riot Police At Hong Kong Airport Amid Surge Of Violence
Tyler Durden
Thursday, August 8, 2019
Hong Kong, Kashmir: a Tale of Two Occupations — Pepe Escobar
Strategic Culture Foundation
Hong Kong, Kashmir: a Tale of Two Occupations
Pepe Escobar
See aslo
Zero Hedge
Evidence Of CIA Meeting HK Protest Leaders? China Summons US Diplomats Over Viral Photo
See aslo
Zero Hedge
Evidence Of CIA Meeting HK Protest Leaders? China Summons US Diplomats Over Viral Photo
Thursday, June 13, 2019
American Gov’t, NGOs Fuel and Fund Hong Kong Anti-Extradition Protests — Alexander Rubenstein
Understanding the Hong Kong kerfuffle.
Trying to split Hong Kong away from China?
Mint Press News
American Gov’t, NGOs Fuel and Fund Hong Kong Anti-Extradition Protests
Andrew Korybko
Monday, January 2, 2017
Sputnik International — China Warns It Won’t Allow Anyone to Use Hong Kong for Rebellion
On Sunday, the director of China's liaison office in Hong Kong, Zhang Xiaoming, said in an interview with state broadcaster CCTV that Beijing will not tolerate attempts to use Hong Kong as a base for rebellion.
"Hong Kong should never allow anyone to do any forms of activities that are harmful to China's sovereignty and security, to challenge the powers of the central government and the authority of the HKSAR Basic Law, or to take advantage of the HKSAR to engage in infiltrative and subversive activities to sabotage the social and political stability of the Chinese mainland," Zhang said. "These are the three bottom lines."Drawing the (red) lines. Target? US and UK.
Sputnik International
China Warns It Won’t Allow Anyone to Use Hong Kong for Rebellion
Monday, April 18, 2016
Tony Cartalucci — Hong Kong Gets New US-backed Party
NEO
Hong Kong Gets New US-backed Party
Tony Cartalucci
Sunday, March 1, 2015
Heather Timmons — US lawmakers say China’s “corrupt, gangster” regime is bad for Hong Kong
Quartz
US lawmakers say China’s “corrupt, gangster” regime is bad for Hong Kong
Heather Timmons
Monday, October 27, 2014
Stuart Leavenworth — How Britain failed to ensure democracy in a China-ruled Hong Kong
Paradoxically, Great Britain never introduced democracy to Hong Kong; the governor was appointed by London and there were no elections.…McClatchy
How Britain failed to ensure democracy in a China-ruled Hong Kong
Stuart Leavenworth | McClatchy Foreign Staff
Read more here: http://www.mcclatchydc.com/2014/10/27/244820/how-thatcher-failed-to-ensure.html#storylink=cpy
Read more here: http://www.mcclatchydc.com/2014/10/27/244820/how-thatcher-failed-to-ensure.html#storylink=cpy
Tuesday, October 21, 2014
China Hand — C.Y. Leung Harshing On the Poors Maybe Not as Dumb as You Think
Neoliberalism rules. The elite know that neoliberalism and democracy are incompatible.
China Matters
C.Y. Leung Harshing On the Poors Maybe Not as Dumb as You Think
China Hand
Monday, October 20, 2014
Shannon Tiezzi — Hong Kong's Leader: Univeral Suffrage Threatens Business Interests
Chief Executive CY Leung said that universal suffrage could turn Hong Kong into a welfare state.
Channeling Michael Bloomberg and Occupy Wall Street.
Hong Kong's Leader: Univeral Suffrage Threatens Business Interests
Shannon Tiezzi
Tuesday, October 14, 2014
Tass — China Calls Sanctions Against Russia "Mistake", Accuses West of Trying to Destabilize Hong Kong
China strongly opposes the sanctions against Russia and considers them a mistake, China’s Vice Premier Wang Yang said on Saturday.…Tass
The Chinese vice premier said Western countries now were trying to support the opposition in Hong Kong.
“Their purpose is clear - they want to organise the so-called colour revolution,” he said adding that under the current circumstances Russia and China should focus on development of mutually advantageous cooperation, thus responding to the West.
China Calls Sanctions Against Russia "Mistake", Accuses West of Trying to Destabilize Hong Kong
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