China’s National People’s Congress has approved a draft resolution that paves the way for anti-sedition laws to be enacted in Hong Kong. The laws will end Hong Kong’s autonomy by banning “acts and activities” considered to be a threat to China’s national security, and will permit “national security agencies” to operate in Hong Kong. The
Via Captial Economics: Growth for empty apartments and that’s all.
China recovery inches up, via Capital Economics: Empty apartments are back!
Via Bloomie: Hong Kong is bracing for what could be its biggest day of protests in months, with pro-democracy groups calling for a general strike against China’s latest moves to increase control of the city. Protests are planned for Wednesday near the Legislative Council building in central Hong Kong, where lawmakers plan to hold a
Via Captial Economics: The virus is spreading again as the economy slowly recovers. Welcome to the new normal.
Hong Kong citizens continue to fight back against the Chinese Communist Party’s (CCP) national security laws that will ban subversion, secession, foreign interference and any acts that threaten national security. Hong Kong residents have once again taken to the streets in large numbers to rally for independence, calling the national security law “a direct assault
You’ve got to hand it to the Swedes. They have responded in kind to the Chinese Communist Party’s (CCP) bullying by shutting down the Confucius Institutes operating throughout Sweden: The deteriorating bilateral ties between Sweden and China has resulted in closure of all Confucius Institutes in Sweden – making the Scandinavian country the first country
As reported above by Sky News, thousands of Hong Kong citizens have held a demonstration protesting Beijing’s plan to enforce national security laws on the city. Beijing unveiled plans on Friday to impose laws on Hong Kong that would ban subversion, secession, foreign interference and any acts that threaten national security. According to a CCP
He’s seriously biased: Just as there is a human life cycle that typically lasts about 80 years (give or take) and no two are exactly the same but most are similar, there is an analogous empire life cycle that has its own typical patterns. For example, for most of us, during the first phase of
Chinese house prices were out yesterday and showed a sudden acceleration, up 0.5% on the month and 5.3% on year: The breadth of price rises expanded to 54 cities: Top tiers lagged: Here’s the raw data: It’s a little odd given sales remain shite: But that’s the rub in China. Monetary easing always ends up
This morning I was interviewed by Luke Grant on Radio 2GB where I explained how the Australian Government should respond to China’s imposed trade war, as well as how Australian Universities have sold their soul to the Chinese Communist Party in the pursuit of international student dollars.
The Chinese Communist Party (CCP) continues to threaten Australia with tariffs for daring to seek an independent investigation into the Wuhan Coronavirus: David Littleproud is the second minister in successive days to admit to being unable to talk to high-ranking Chinese government officials as trade tensions between the two nations continue to fester. It comes
In a move that is certain to further inflame the Chinese Communist Party (CCP), a coalition of 62 countries will back Australia’s push for an independent inquiry into the COVID-19 outbreak ahead of a crucial meeting of the World Health Assembly. All 27 European Union member states, the UK, India, Japan, and Russia are among
The Chinese Government has threatened trade sanctions if the Australia continues its push for an independent inquiry into the origins and response to the Wuhan Coronavirus pandemic: High-ranking calls to China have gone unanswered amid an escalating trade dispute with Australia that’s been fuelled by calls to investigate the origins of the deadly coronavirus pandemic.
From BioRvix comes the new study: In a side-by-side comparison of evolutionary dynamics between the 2019/2020 SARS-CoV-2 and the 2003 SARS-CoV, we were surprised to find that SARS-CoV-2 resembles SARS-CoV in the late phase of the 2003 epidemic after SARS-CoV had developed several advantageous adaptations for human transmission. Our observations suggest that by the time
China released its April data today and the recovery is weak or weaker depending upon what you want to look at. Industrial production is the standout, rebounding to year on year growth of 3.9% but still down 4.9% year to date. Of course, that can be contradicted by any number of other measures showing no
Looking a little better today. From Capital Economics: But still plenty of work to do.
Via FTAlphaville: This is a guest post by George Magnus, an independent economist and commentator and research associate at the China Centre at Oxford University and at the School of Oriental and African Studies, in which he warns of the destabilising impact the Coronavirus will have on the world’s relationship with China. Frosty doesn’t begin
China’s combative diplomats have a new name – wolf warriors. WION explains how Chinese diplomats, instead of fostering dialogue, have turned into enforcers for the Chinese narrative: We teach our children to stand-up to bullies. It’s time for the world to unite and stand up against the CCP, who are attempting to blackmail the world.
After months of relative calm owing to the COVID-19 shutdown, tensions are boiling over in Hong Kong once more. Heavily armed riot Police have stormed malls and fired pellets on pro-democracy protestors, lawmakers are brawling, and Hong Kong’s leader (and CCP puppet) Carrie Lam has vowed to overhaul Hong Kong’s education system to “re-educate the
Via China’s NBS: The year-on-year change in industrial producer prices Among the ex-factory prices of industrial producers, the prices of means of production fell by 4.5% year-on-year , an increase of 2.1 percentage points from the previous month , which affected the overall level of ex-factory prices of industrial producers by about 3.31 percentage points.
Via Sinocism: The top items today’s newsletter look at: The economy, and signs from the PBoC that more stimulus is on the way as the focus expands from the “six stabilities” to include the “six ensures” and especially to ensure employment and avoid the potential social stability problems from mass unemployment; The claims that the
Vai Capital Economics: Still very much struggling.
Via the ABC: China has fired its first shot in an increasingly bitter diplomatic row, threatening to slap major tariffs on Australia’s barley exports, that could rip hundreds of millions of dollars from the trade. Relations between Canberra and Beijing have hit a fresh low in the wake of the COVID-19 pandemic, as Prime Minister
If you want evidence of why the Chinese Communist Party (CCP) is a menace, look no further than the below video from World is One News (WION), which explains how the CCP is “systematically removing anyone that is asking questions” about the causes of the Wuhan coronavirus and the CCP’s response: The CCP is facing increasing
Via Bloomie: Among recovered Chinese Covid-19 patients, about 5% to 15% may have tested positive again, a Chinese study found. The rate of reactivation in China varied among different places, with some regions showing less than 1% of such cases among recovered patients, Wang Guiqiang, director of department of infection at the Peking University First
Via Caixin: Basically, because PMIs are directional not absolute indexes, and the index has never gotten back to expansionary territory above 50, what this is saying is that Chinese services activity in SMEs is still below levels we saw during the pandemic shutdown. Hard to believe but that’s what it means.
MOAR! From Capital Economics: Given all other industries are in the dog house, how many empty apartments will they need to build now to keep everyone employed?
Via Capital Economics: Resurgent buying in empty apartments. It could be catch-up. Or, given this is always where excessive Chinese credit easing ends up, so we’ll see another cycle of massive capital misallocation. Ipso facto, combined with infrastructure, this has the makings of a new iron ore cycle (notwithstanding various short term headwinds).
Via Capital Economics: It’s early days, but those people movement charts are unsettling. Has COVID-19 delayed or derailed Chinese urbanisation? There are lots of levers it can pull to get people moving again: Hukou reform; shanty town development; reduced macroprudential limits, even forced evictions. But there is no silver bullet when folks fear for their
