Washington is getting China wrong
Evergrande group, one of China’s largest property developers, is tottering on the brink of bankruptcy. Its founder, Hui Ka Yan, is scrounging to find the cash to meet payments on the $300 billion his company owes. Beijing has warned local officials to prepare for possible fallout if the gargantuan firm collapses. Around the world, financial analysts are wondering if Evergrande is China’s “Lehman moment,” the starting gun for a destructive wave of defaults that could take down the nation’s banks and set back the country’s—and the world’s—already shaky recovery from the pandemic-induced economic downturn.
Source: The Atlantic #Oct11
https://www.theatlantic.com/international/archive/2021/10/evergrande-china-us/620360/
#Washington #China #Evergrande #Economic #Beijing
Evergrande group, one of China’s largest property developers, is tottering on the brink of bankruptcy. Its founder, Hui Ka Yan, is scrounging to find the cash to meet payments on the $300 billion his company owes. Beijing has warned local officials to prepare for possible fallout if the gargantuan firm collapses. Around the world, financial analysts are wondering if Evergrande is China’s “Lehman moment,” the starting gun for a destructive wave of defaults that could take down the nation’s banks and set back the country’s—and the world’s—already shaky recovery from the pandemic-induced economic downturn.
Source: The Atlantic #Oct11
https://www.theatlantic.com/international/archive/2021/10/evergrande-china-us/620360/
#Washington #China #Evergrande #Economic #Beijing
Mourning a Painful History – Respect For Human Rights Has No Geopolitical Borders
By Translated by Guardians of Hong Kong October 17, 2021 • 1 February 2022
The year 2021 marked the 32nd anniversary of the June 4th crackdown in Tiananmen Square. However commemorative activities in Hong Kong were unprecedentedly suppressed. Not only the candlelight vigil was banned for the second consecutive year, but also 26 pan-democrats attending the vigil the year before despite the ban were charged [added in translation: for inciting others to take part in unauthorized assembly] and even jailed. Looking back in history, be it war crimes or state violence, in many instances to hold those accountable for human rights infringements and to bring justice to the victims will take years or even generations.
Source: The Stand News #Oct11
#June4th #HumanRights #ChunDooHwan
Full Story：
https://telegra.ph/Mourning-a-Painful-History--Respect-For-Human-Rights-Has-No-Geopolitical-Borders-02-01
By Translated by Guardians of Hong Kong October 17, 2021 • 1 February 2022
The year 2021 marked the 32nd anniversary of the June 4th crackdown in Tiananmen Square. However commemorative activities in Hong Kong were unprecedentedly suppressed. Not only the candlelight vigil was banned for the second consecutive year, but also 26 pan-democrats attending the vigil the year before despite the ban were charged [added in translation: for inciting others to take part in unauthorized assembly] and even jailed. Looking back in history, be it war crimes or state violence, in many instances to hold those accountable for human rights infringements and to bring justice to the victims will take years or even generations.
Source: The Stand News #Oct11
#June4th #HumanRights #ChunDooHwan
Full Story：
https://telegra.ph/Mourning-a-Painful-History--Respect-For-Human-Rights-Has-No-Geopolitical-Borders-02-01
Russian Firms Turn to Hong Kong in Bid to Avoid Sanctions
Russian companies shut out of Western financial capitals are exploring Hong Kong as an alternative, stoking concern among US officials that the Asian hub will become a haven for businesses sanctioned over the war in Ukraine.
A number of major, including state-owned, Russian companies are seeking to engage with Hong Kong law firms to help anchor them in a “friendlier jurisdiction” than places such as New York and London, said Sherman Yan, a managing partner at Hong Kong’s ONC Lawyers.
Source: Bloomberg #Oct11
#Russian #HongKong #Sanction #Ukraine
https://t.co/de0ajFJ9Lt
Russian companies shut out of Western financial capitals are exploring Hong Kong as an alternative, stoking concern among US officials that the Asian hub will become a haven for businesses sanctioned over the war in Ukraine.
A number of major, including state-owned, Russian companies are seeking to engage with Hong Kong law firms to help anchor them in a “friendlier jurisdiction” than places such as New York and London, said Sherman Yan, a managing partner at Hong Kong’s ONC Lawyers.
Source: Bloomberg #Oct11
#Russian #HongKong #Sanction #Ukraine
https://t.co/de0ajFJ9Lt
U.K. spy chief warns China’s use of technology threatens global security
From satellite systems to digital currencies, China is seeking to use new technologies to repress dissent at home and dominate its adversaries abroad, according to a U.K. intelligence chief.
Unlike Britain or its democratic allies, China views technological advances as a “tool to gain advantage through control of their markets, of those in their sphere of influence and of their own citizens,” according to excerpts of a speech by Jeremy Fleming, head of Government Communications Headquarters (GCHQ), U.K.’s electronic spy agency.
Source: NBC News #Oct11
#UK #China #Spy #GCHQ
https://t.co/k7gWQogg3e
From satellite systems to digital currencies, China is seeking to use new technologies to repress dissent at home and dominate its adversaries abroad, according to a U.K. intelligence chief.
Unlike Britain or its democratic allies, China views technological advances as a “tool to gain advantage through control of their markets, of those in their sphere of influence and of their own citizens,” according to excerpts of a speech by Jeremy Fleming, head of Government Communications Headquarters (GCHQ), U.K.’s electronic spy agency.
Source: NBC News #Oct11
#UK #China #Spy #GCHQ
https://t.co/k7gWQogg3e
China Must Stick With Covid Zero Policy, People’s Daily Says
The Chinese Communist Party’s flagship newspaper endorsed the country’s Covid Zero policy for the second day in a row, dousing hopes that President Xi Jinping will relax controls soon after a key political meeting starting later this week.
Covid Zero is “sustainable” and the country must stick to the strategy because it’s key to stabilizing the economy and protecting lives, the People’s Daily said in a commentary Tuesday. It follows a similar article Monday labeling the stringent pandemic approach as “scientific and effective.” State news agency Xinhua also published a column that said the country can’t be complacent on the virus.
Source: Bloomberg #Oct11
#China #Covid19 #Policy
https://t.co/DTaPZEe1LH
The Chinese Communist Party’s flagship newspaper endorsed the country’s Covid Zero policy for the second day in a row, dousing hopes that President Xi Jinping will relax controls soon after a key political meeting starting later this week.
Covid Zero is “sustainable” and the country must stick to the strategy because it’s key to stabilizing the economy and protecting lives, the People’s Daily said in a commentary Tuesday. It follows a similar article Monday labeling the stringent pandemic approach as “scientific and effective.” State news agency Xinhua also published a column that said the country can’t be complacent on the virus.
Source: Bloomberg #Oct11
#China #Covid19 #Policy
https://t.co/DTaPZEe1LH