#Speech
U.S. Senator Rick Scott on Hong Kong Democracy and Human Rights Act:
"It is Hong Kong now, then it will be Taiwan"
[Editor's note: the Hong Kong Democracy and Human Rights Act has been passed by the U.S. Congress on Nov 20 (Washington; HKT Nov 21) and is now awaiting the presidential signature]
"Six months in and no signs of Communist China loosening their grip— their efforts to crack down on the pro- tests in Hong Kong reflect their commitment to denying basic human rights and snuffing out any opposition to their totalitarian goals. We cannot stay silent. General Secretary of the Communist Party Xi is trying to be the dominant world power. It is Hong Kong now, then it will be Taiwan.
Communist China believes that, in order for them to be stronger, other freedom-loving countries must be weaker."
Continue Reading:
https://telegra.ph/Speech-by-US-Senator-Rick-Scott-on-Hong-Kong-Democracy-and-Human-Rights-Act-11-20
#Xijinping #HumanRightsAct #GlobalSupport #US #CommunistChina
U.S. Senator Rick Scott on Hong Kong Democracy and Human Rights Act:
"It is Hong Kong now, then it will be Taiwan"
[Editor's note: the Hong Kong Democracy and Human Rights Act has been passed by the U.S. Congress on Nov 20 (Washington; HKT Nov 21) and is now awaiting the presidential signature]
"Six months in and no signs of Communist China loosening their grip— their efforts to crack down on the pro- tests in Hong Kong reflect their commitment to denying basic human rights and snuffing out any opposition to their totalitarian goals. We cannot stay silent. General Secretary of the Communist Party Xi is trying to be the dominant world power. It is Hong Kong now, then it will be Taiwan.
Communist China believes that, in order for them to be stronger, other freedom-loving countries must be weaker."
Continue Reading:
https://telegra.ph/Speech-by-US-Senator-Rick-Scott-on-Hong-Kong-Democracy-and-Human-Rights-Act-11-20
#Xijinping #HumanRightsAct #GlobalSupport #US #CommunistChina
Telegraph
Speech by U.S. Senator Rick Scott on Hong Kong Democracy and Human Rights Act
CONGRESSIONAL RECORD — U.S. SENATE November 19, 2019 U.S. Senator Rick Scott for Florida I rise today to speak about the greatest threat the United States faces in the next century, the threat of Communist China. I have been saying, for months, Communist…
#Economy #CCP
#GeorgeSoros: Xi’s crackdown on private enterprise shows he does not understand the market economy
The following is an article written by George Soros, the chair and founder of #SorosFundManagement and the #OpenSocietyFoundations and was published in Financial Times.
//Xi Jinping, China’s leader, has collided with economic reality. His crackdown on private enterprise has been a significant drag on the economy.
The most vulnerable sector is real estate, particularly housing. China has enjoyed an extended property boom over the past two decades, but that is now coming to an end.
Evergrande, the largest real estate company, is over-indebted and in danger of default. This could cause a crash.
The crackdown by the Chinese government is real. Unnoticed by the financial markets, the Chinese government quietly took a stake and a board seat in TikTok owner ByteDance in April. The move gives Beijing one seat on a three-person board of directors and first-hand access to the inner workings of a company that has one of the world’s largest troves of personal data. The market is more aware that the Chinese government is taking influential stakes in Alibaba and its subsidiaries.
Xi does not understand how markets operate. As a consequence, the sell-off was allowed to go too far. It began to hurt China’s objectives in the world. Recognising this, Chinese financial authorities have gone out of their way to reassure foreign investors and markets have responded with a powerful rally. But that is a deception.
Xi regards all Chinese companies as instruments of a one-party state. Investors buying into the rally are facing a rude awakening. That includes not only those investors who are conscious of what they are doing, but also a much larger number of people who have exposure via pension funds and other retirement savings...//
Read the full article:
https://www.ft.com/content/ecf7de34-e595-4814-9cbd-4a5119187330
Source: Financial Times #Aug30
#Crackdown #PropertyMarket #CommunistChina #Birthrate #Tiktok #Alibaba #Evergrande
#GeorgeSoros: Xi’s crackdown on private enterprise shows he does not understand the market economy
The following is an article written by George Soros, the chair and founder of #SorosFundManagement and the #OpenSocietyFoundations and was published in Financial Times.
//Xi Jinping, China’s leader, has collided with economic reality. His crackdown on private enterprise has been a significant drag on the economy.
The most vulnerable sector is real estate, particularly housing. China has enjoyed an extended property boom over the past two decades, but that is now coming to an end.
Evergrande, the largest real estate company, is over-indebted and in danger of default. This could cause a crash.
The crackdown by the Chinese government is real. Unnoticed by the financial markets, the Chinese government quietly took a stake and a board seat in TikTok owner ByteDance in April. The move gives Beijing one seat on a three-person board of directors and first-hand access to the inner workings of a company that has one of the world’s largest troves of personal data. The market is more aware that the Chinese government is taking influential stakes in Alibaba and its subsidiaries.
Xi does not understand how markets operate. As a consequence, the sell-off was allowed to go too far. It began to hurt China’s objectives in the world. Recognising this, Chinese financial authorities have gone out of their way to reassure foreign investors and markets have responded with a powerful rally. But that is a deception.
Xi regards all Chinese companies as instruments of a one-party state. Investors buying into the rally are facing a rude awakening. That includes not only those investors who are conscious of what they are doing, but also a much larger number of people who have exposure via pension funds and other retirement savings...//
Read the full article:
https://www.ft.com/content/ecf7de34-e595-4814-9cbd-4a5119187330
Source: Financial Times #Aug30
#Crackdown #PropertyMarket #CommunistChina #Birthrate #Tiktok #Alibaba #Evergrande
Ft
George Soros: Investors in Xi’s China face a rude awakening
The leader’s crackdown on private enterprise shows he does not understand the market economy