America both helps and hinders China’s military-industrial complex
JIANGHANG AIRCRAFT EQUIPMENT has struggled to tantalise investors with the fuel systems and detachable petrol tanks it builds for Chinese warplanes. The company, controlled by Aviation Industry Corporation of China (AVIC), the country’s biggest aerospace-and-defence conglomerate, had witnessed its share price slump by 50% since it went public in Shanghai last year. But in the first three months of the year demand for its wares has soared. On May 28th Jianghang said that net profit for the period nearly doubled, year on year. Trading in its shares subsequently had to be halted after their price rose by 10%, the maximum permitted one-day swing.
Source: The Economist #Jun05
https://t.co/0uTF3cXSD6
#China #AVIC #Shanghai #Fuel
JIANGHANG AIRCRAFT EQUIPMENT has struggled to tantalise investors with the fuel systems and detachable petrol tanks it builds for Chinese warplanes. The company, controlled by Aviation Industry Corporation of China (AVIC), the country’s biggest aerospace-and-defence conglomerate, had witnessed its share price slump by 50% since it went public in Shanghai last year. But in the first three months of the year demand for its wares has soared. On May 28th Jianghang said that net profit for the period nearly doubled, year on year. Trading in its shares subsequently had to be halted after their price rose by 10%, the maximum permitted one-day swing.
Source: The Economist #Jun05
https://t.co/0uTF3cXSD6
#China #AVIC #Shanghai #Fuel
Film director prepares to mark Tiananmen Square anniversary in B.C. after fleeing Hong Kong home
Award-winning Hong Kong filmmaker Jevons Au left his home for Canada last summer in fear of the national security law China imposed on the region in July 2020.
On Friday evening at 8 p.m. PT, Au will join dozens of other people from B.C.'s Lower Mainland at the Chinese consulate in Vancouver to commemorate those who lost their lives in the military crackdown against democracy protesters in Beijing's Tianammen Square — a vigil, he says, he's been keeping since he was in Grade 2 when he first learned of the tragedy.
"We have to remember those who fight for the freedom or democracy for the Chinese people, and their sacrifice," said Au, who now lives in Surrey, B.C., near Vancouver.
Source: CBC #Jun05
https://www.cbc.ca/news/canada/british-columbia/hong-kong-filmmaker-jevons-au-tiananmen-anniversary-1.6051407
#Tiananmen #Anniversary #Filmmaker #JevonsAu #Canada
Award-winning Hong Kong filmmaker Jevons Au left his home for Canada last summer in fear of the national security law China imposed on the region in July 2020.
On Friday evening at 8 p.m. PT, Au will join dozens of other people from B.C.'s Lower Mainland at the Chinese consulate in Vancouver to commemorate those who lost their lives in the military crackdown against democracy protesters in Beijing's Tianammen Square — a vigil, he says, he's been keeping since he was in Grade 2 when he first learned of the tragedy.
"We have to remember those who fight for the freedom or democracy for the Chinese people, and their sacrifice," said Au, who now lives in Surrey, B.C., near Vancouver.
Source: CBC #Jun05
https://www.cbc.ca/news/canada/british-columbia/hong-kong-filmmaker-jevons-au-tiananmen-anniversary-1.6051407
#Tiananmen #Anniversary #Filmmaker #JevonsAu #Canada