Hong Kong Leader Carrie Lam Suspends Chinese Extradition Proposal…

~ Dance With The Dragon ~

Amid the furor from hundreds-of-thousands -perhaps millions- of protestors, Hong Kong leader Carrie Lam announces a ‘suspension‘ of the proposed extradition law that would have permitted extradition of Hong Kong residents to Chinese law enforcement.

Lam apologized on Sunday, for the way the Hong Kong government handled the proposal but she did not fully take the controversial law off the table.  The ripple effect of the proposal itself now calls into question the autonomy of Hong Kong, and many observers foresee it is now only a matter of time before China takes a tighter grip.

Currently Hong Kong is not subject to the same economic consequences within the U.S-China confrontation.  As long as Hong Kong is considered ‘autonomous’ they remain detached from U.S. tariffs and other measures targeted to China.  However, if China breeches the increasingly unclear barriers, judicial and legal systems intended to provide that autonomy – well, then the situation could change.  Hong Kong is tenuous at best.

HONG KONG (Reuters) – Hong Kong’s leader Carrie Lam apologized to its people on Sunday as an estimated 1 million-plus black-clad protesters insisted that she resign over her handling of a bill that would allow citizens to be sent to mainland China for trial.

[…] On Sunday, she apologized for the way the government had handled the draft law, which had been scheduled for debate last Wednesday, but gave no further insight into its fate.

[…]  The protests have plunged Hong Kong into political crisis, heaping pressure on Lam’s administration and her official backers in Beijing.

Critics say the planned extradition law could threaten Hong Kong’s rule of law and its international reputation as an Asian financial hub. Some Hong Kong tycoons have already started moving personal wealth offshore.

U.S. Secretary of State Mike Pompeo said President Trump would raise the issue of Hong Kong human rights at a potential meeting with president Xi Jinping at the G20 summit in Japan this month.  (read more)

This controversy couldn’t come at a worse time for Chinese Chairman Xi Jinping as many in the international community are beginning to question the scale of damage likely to increase as an outcome of the U.S. -vs- China confrontation.

President Donald Trump is applying massive economic pressure upon China in an effort to force a complete restructuring of trade terms that will have global implications.  The recent moves by Trump have significantly weakened the supply chain position of a Chinese nation that is dependent on raw materials, and the import/acquisition of technology systems.

As a consequence, on the geopolitical front – Beijing is now threatening any institution that would consider an exit from China, and simultaneously burning massive amounts of cash to subsidize their manufacturing position and offset any tariff impact.

As manufacturing investment begins to shift to South Korea, Vietnam, Japan, Philippines and alternate ASEAN nations, capital is starting to flow out of Hong Kong into safer financial systems within Tokyo and Singapore.

The situation for Chairman Xi is worsening daily and U.S. President Donald Trump has only just begun the consequence phase.

China has never faced a structural economic challenge so comprehensive and simultaneously so consequential.  Decades of central planning by Beijing is being deconstructed by President Trump, and the Chinese have yet to see the worst of it.

Historically the totalitarian Chinese response has been to drop the panda mask and turn to their Red Dragon authoritarian nature.  However, until now they have only faced internal challenges to their systems….

President Trump is applying external pressure, external challenges, and Beijing is discovering when they unleash the Dragon approach into an external global market that is adverse to Dragon instability, the economic systems do not acquiesce.  Instead, with more antagonism and threats the free West responds by quietly discontinuing the relationship.

Beijing has no frame-of-reference, culturally, to understand this dynamic.  Economic systems, based on freedom and capitalistic markets, are like free people… neither like to be threatened and controlled by oppressive regimes.

Stunning how consequential this is in the larger dynamic.

Advertisements
This entry was posted in ASEAN, Auto Sector, Big Stupid Government, China, Communist, Donald Trump, Economy, Election 2020, European Union, History, Hong Kong, India, Japan, Japan State Visit 2019, media bias, President Trump, Trade Deal, Uncategorized, US Treasury, USA. Bookmark the permalink.

113 Responses to Hong Kong Leader Carrie Lam Suspends Chinese Extradition Proposal…

  1. Scoot says:

    What if this is happening *because of* Trumps ecobomic pressure? If HK is autonomous their wealth cant be extradited to the rapidly diminishing chinese treasury.

    Liked by 3 people

    • jnr2d2 says:

      Hong Kong will be getting the “North Korean” treatment once China has control. The people clearly see what the Han Chinese will do to them. China will use them as a front to steal technology etc, and say China is “clean.” Seven million is their population — a rounding error to to China, but not their wealth! Maybe we can swap 7 Million illegal parasites for them!! Let’s offer them US citizenship, as long as they bring at least $500,000 of wealth per person into the US. Let China keep the coolies!
      China will eye Taiwan next. People around China better realize they are but mere appetizers to the Dragon!!

      Liked by 3 people

      • wondering999 says:

        Let’s not be naive though — I understand that Hong Kong is home to some formidable “Triads” i.e. mafiosi. Generally speaking I admire China and most Chinese people, at least the people I have met… but I’ve also heard some stories that scare me. Organized crime cartels are not people to import willynilly, and mobsters come in every conceivable ethnicity. Don’t just trust immigrants… verify

        Liked by 1 person

        • Maquis says:

          We shouldn’t only verify, all legal immigration should be subject to parole. Far too many prove they should never have been allowed in and very many more prove they don’t deserve to stay. I’m closer to this issue than I care to say, but I will say be a proud American or be gone!

          Liked by 4 people

    • Carrie2 says:

      Scott, you are correct and what Xi and his communists thinking they can break a contract with Hong Kong better stop and rethink. Hong Kong was free under the English and they like it and an agreement was made with the mainland who now are trying to break/erase Hong Kong. I hope this lady wakes up and smell the coffee and does following the agreement signed by both areas. If I remember correctly she was more or less appointed by Mainland China. This morning I followed a replay on the Tienanmen Square and the savageness of the communists. To play this game with Hong Kong and our President will not end with a good result for the Mainland because these are MODERN TIMES in many, many ways and in the past the peasants rebelled and took back the country. With today’s modern ways and electronics we may see a lot of horrible things happening. May God hear their prayers along with ours for freedom and signed documents being kept.

      Liked by 2 people

      • wondering999 says:

        As I watch the crowds I am awed by their courage and by their civility (letting the ambulances and busses through etc.)

        Liked by 2 people

        • truthseeker39525 says:

          Wondering999, from your description it sounds like Civilized CITIZENS Demonstrating for their RIGHTS, NOT a bunch of low-life Africans (either sub-or-northern Sahara) SCUM looking for an excuse to break into shops to burn and STEAL stuff.

          Like

          • wondering999 says:

            Truthseeker, I don’t know what is turning your mind to Africans — possibly you have experiences that are negative. The Africans I’ve worked with have all been responsible people. Hong Kong, though, is an example for us all of courage and self-control. I’m awed

            Like

    • Serendipity: “EcoBomic” 😎

      Liked by 1 person

  2. Sharon says:

    This probably doesn’t bode well for her longevity.

    Brave individuals committed to dancing with dragons often pay with their lives. It has always been so.

    Liked by 2 people

    • Sharon says:

      ….perhaps….unless…..did Xi “give her permission” in order to buy himself a little time to figure out how to proceed…..

      Liked by 4 people

      • Maquis says:

        Possibly.

        Liked by 1 person

        • Rhoda R says:

          That G20 meeting is coming up shortly. I expect any move China makes will be after that meeting is over and the eyes of the world are elsewhere – maybe Iran will act up again for China.

          I expect that Xi is losing a lot of face over Hong Kong and a lot of Chinese middle class are looking at Hong Kong and wondering why they couldn’t be in the same economic boat. Xi will have to do something.

          Liked by 6 people

        • noswamp says:

          Permission? Of course Xi gave her permission. This is a totalitarian regime. Xi wanted no issues while he went to G20.
          But POTUS being very smart indicated that this will be on the table.

          Like

  3. WSB says:

    This so-called suspension is not sitting well with the people of HK. They are now calling for Lam to step down.

    Liked by 8 people

    • bertdilbert says:

      Like white blood cells rushing to the infection…

      Liked by 3 people

    • iswhatitis says:

      Doesn’t matter in the long run.

      It’s not like some replacement couldn’t just put it all “back on the table” just as well as Lam could.

      The fact that “they” went there at all means they’ll go back to there again, later.

      All this is, is “lets boil that frog a little slower for now”.

      Liked by 10 people

      • Dutchman says:

        Its not about HER, its about Xi, and CCP.

        And, seems to me the important thing is they had to backtrack on a decision and coarse of action, detirmined by committee.

        Its a BIG deal, for a totalitarian state, to backtrack. They are TOTALITARIANS; they NEVER “backtrack”. It would be as if, half way thru the Kavanaugh hearing debacle, the Dems had said “Blasey-Ford,….oh, NEVER MIND!”

        Research the velvet revolution, USSR vs.3 Baltic countries prohibited from singing their national anthems. THAT issue led to a peaceful withdrawal by USSR, after the people refused to comply.

        You ultimately only have authority for as long as the people LET you. For authoritarian regime, to back away is fatal, cause it cedes the ONLY thing they have; authority.

        IMHO, this is YUGE. Might even indicate CCP is in worse shape than thought, and might not be able to hang on to 2020?

        Liked by 11 people

        • daylight58 says:

          A deferment of 10 years, 20 years, 50 years, or ____ means nothing to the Chinese – least of all the Party.

          Liked by 2 people

        • In any case, the writing is on the wall for any sane HK resident with money that can be moved.
          Expect more pressure on Chinese stock market, and inflows of cash into US markets.

          From a 2017 report–72 billionaires,$800B assets under management:
          “Asia’s wealth management market has experienced healthy growth in recent years, outpacing other emerging markets and overtaking North America as the region with the largest number of High Net Worth (HNW) Individuals1. Asia is now home to 10 of the 30 cities with the highest number of billionaires, with Hong Kong ranking second only to New York2.
          The population of wealthy individuals in Hong Kong has continued to rise at a relatively fast pace in recent years. In 2016 there were 72 billionaires2, around 4,600 Ultra High Net Worth (UHNW) Individuals and around 238,000 HNWIs3.
          As a result, the wealth management industry has attracted many large and small organisations servicing various segments of this wealthy client base. According to Asian Private Banker, the Assets under Management (AUM) of the top 20 wealth managers in Asia grew by 6.1% in 2016 to reach US$1.55 trillion4. Based on responses to this survey by 33 Hong Kong PWMs, we have estimated that Hong Kong accounts for over US$800 billion in AUM.”

          Liked by 2 people

        • Carrie2 says:

          Dutchman, From your lips to God’s ears.

          Liked by 1 person

          • Dutchman says:

            Actually, God already knows; its part of his plan. To enslave humanity is CCP goal. Its SATANS goal as well. To have ‘total dominion’ over the earth. God ain’t gonna let it happen,….or he is. Sure looks to me like Satan is suffering some major setbacks. I think Satan is pretty proud of Conmunism, far more than petty accomplishments like FBI and CIA, myself.

            Liked by 3 people

            • Maquis says:

              Islam runs a close second I’d say.

              Liked by 5 people

              • Dutchman says:

                Oh, yeah almost forgot about them.
                Islam was Satans first run at it. A phoney religion that still used a monothiest God (Allah).

                Conmunism is Islam 2.0. He was able to totally eliminate even a phoney God, and make ‘the State’ as replacement. Billions slaughtere,…er ‘served’.

                Liked by 5 people

                • G. Alistar says:

                  Thinking that Satan’s first run was at the woman in the garden….worked out well for him. Then worked especially successful just before Noah and the flood, See Gen 6:5, “The LORD saw how great the wickedness of the human race had become on the earth, and that every inclination of the thoughts of the human heart was only evil all the time.”. One only has to look at human history to see it is a story of depravity, evil and wickedness. Bit for the grace of God through the world through His Holy Spirit, humanity would certainly destroy itself. Islam just a recent notch in Satan’s belt, albeit a very big notch with millions being influenced.

                  Like

                • Dutchman says:

                  I see the same thing, except I see it as Satan loosing, every time. Much like his current crop of minions, the Dems. All lies and scheming ultimately comes to nought.

                  Like

    • Rhoda R says:

      I won’t make any difference. Anyone that replaces her will also be approved by Xi.

      Liked by 3 people

  4. Bigly says:

    No credit here but I found this fascinating

    … from Sundance’s post previous a comment from an unknown treeper. Worth the listen, smart.

    Liked by 12 people

    • sarasotosfan says:

      He has really done his homework. Thanks for posting it.

      Liked by 5 people

    • bertdilbert says:

      Have not looked at Kyle Bass in a long time. Great interview on the Hong Kong situation.

      Like I said earlier, bubble economies don’t work well in reverse. Just did not know how much Hong Kong banks had invested into China.

      While I was aware that the HK dollar was pegged to the USD, I had not given much thought to how tenuous that situation is. The USD is rising while HK is heavily reliant on China. It is truly a recipe for disaster.

      The most interesting part though, is that the US annually reviews HK and makes a decision as to whether to treat HK separately from China. If China appears to be running HK, then HK will be treated like China. So China tariffs could be applied to HK if China does not behave.

      Things are getting fidgety.

      Liked by 5 people

      • Had not heard of the annual USA review of how to treat Hong Kong.

        Imagine a POTUS “Next-Step Action” to block USA Banks from dealing in Hong Kong
        … “Because China”
        … with Trump Tweets that root his friend Chairman Xi on in reining in the CCP. 😎

        Liked by 1 person

        • bertdilbert says:

          That could also be the reason so many in HK are protesting the extradition. As soon as The USA calls HK China, life as they know it is over.

          So here is food for thought. When China starts cratering, HK banks end up with a lot of bad paper. Foreclosure city. Does China government make HK banks foreclosing on Chinese the enemy? Do they then, to save face and assess blame, take over HK?

          China does not dare touch Taiwan under Trump. HK becomes the much more likely distraction.

          Like

    • piper567 says:

      Bigly, that was a terrific interview!
      thanks a bunch for posting it.

      Liked by 2 people

  5. TwoLaine says:

    This population now “sees” a lot of things they did not “see” before, and all because of President TRUMP. Our population is much the same. They are starting to wake up to reality.

    Liked by 3 people

    • A2 says:

      If you mean Hong Kong people by “this population”, it is not a sudden wake-up call. Large segments of the population were trying their best to stop the Sino-British agreement or to seriously amend or influence it. That is when the great exodus occurred. Many returned but had their second passport for an insurance policy. Many planted their kids overseas like in little HK, Richmond Vancouver.

      I could go on and on on the history of this period because I lived it. HK people always knew the threat of becoming a Red Colony. After all, their parents or grandparents formed the bulk of over 3 million people who fled communist China since 1949 to the safety and freedom of tiny Hong Kong.

      They have not forgotten, they will not forget.

      Liked by 10 people

  6. Preppin247 says:

    Doesn’t anyone pay attention.. In the end Trump wins..the primaries ..vs. Killary..Muleface..Its really quite simply..chalk up Xi to those who insist on learning the hard way..Winning

    Like

  7. Publius2016 says:

    Why should Taiwan become Communist? Why should Hong Kong?? Why should private have their research development ideas stolen???

    Liked by 1 person

  8. emet says:

    Sundance makes an important point: For purposes of import tariffs, Hong Kong is treated as an independent country.

    China of course evades tariffs by shipping out of Hong Kong with false country of origin markings and bills of lading. This thing could get expensive for China

    Liked by 3 people

  9. clodfobble says:

    Feint. Perhaps 5 million next time

    Liked by 1 person

  10. JMC says:

    Big money started exiting HK banks immediately. Thus the political walk back. But the cash hemorrhaging will continue. Once burned, twice shy.

    Liked by 4 people

    • k4jjj says:

      Agreed completely. The damage has been done. Smart money is leaving on the next thing smoking. You don’t want your money in Hong Kong when the departure gate is locked shut without warning.

      Liked by 2 people

      • A2 says:

        Not just HK money.
        Look to your own backyard. Particularly US retirees

        China’s infiltration of U.S. capital markets is a national security concern

        “Part of the United States’ awakening to the complex challenges posed by a rising China is the realization that America’s economic vulnerabilities are also national security vulnerabilities. And it’s not just about trade.

        U.S. capital markets are drastically increasing their holdings of Chinese companies, giving Beijing massive leverage inside the United States and posing huge risks to U.S. investors and the U.S. economy. This practice transfers billions of dollars out of the United States and into China, while also placing U.S. investors in the position of gambling their economic futures on Chinese companies that are beyond the reach of U.S. government oversight and accountability.

        For example, the world’s largest index provider, MSCI, has been steadily increasing its holdings of Chinese assets this year, reportedly “after it came under heavy pressure by the Chinese government.” MSCI will quadruple its mainland Chinese holdings this year, which will send about $80 billion of U.S. cash into the struggling Chinese economy right away.

        👇👇👇👇👇👇👇👇
        But there are greater implications. Nearly $14 trillion in U.S. investment funds follow the MSCI indexes or use them as yardsticks for their investment decisions. That means asset managers all over the country will be forced to increase their holdings of Chinese stocks and bonds. Millions of Americans, without doing anything, will soon be betting on Chinese companies with their pension funds, mutual funds and exchange-traded funds.

        Chinese law bars U.S. regulators, such as the Securities and Exchange Commission, from verifying the financial disclosures and audits submitted by Chinese companies on national security grounds. When fraudulent activity is discovered, as happens all the time, U.S. investors have no recourse.

        The even greater problem is that Wall Street is not even considering how national security considerations can affect the value of these Chinese companies. As the United States cracks down on Chinese firms that contribute to Beijing’s military expansion or its human rights violations, Americans are unwittingly tying their financial futures to those very companies.
        https://www.washingtonpost.com/opinions/2019/06/13/chinas-infiltration-us-capital-markets-is-national-security-concern/?noredirect=on&utm_term=.7bdd0b5a448d

        Liked by 5 people

        • cthulhu says:

          Fully agree on “Not just HK money.”

          But I should point out a peculiar little backwater quirk that ties together the US$, the Euro, the Yen, and the Pound……and the Chinese Yuan. [“One of these things is not like the others…..”] — https://en.wikipedia.org/wiki/Special_drawing_rights .

          Yes, indeed, the anti-American bloodsuckers at the IMF have this construct where it’s not quite a non-dollar currency run by globalists……it’s merely a treaty to pay certain debts out of US, EU, UK, Japanese, and Chinese funds (by proportion, roughly 40%, 30%, 10%, 10%, 10%)……run by Christine Lagarde, who is French.

          Liked by 1 person

        • More TRUMP LEVERAGE:

          Require CONTINUOUS REPORTING of $ and % of Assets Invested in China.

          Require AUDITORS to VERIFY above on Quarterly Basis.

          DELIST those who fail to report.

          Like

  11. budklatsch says:

    And always in the back of my mind is that America saved their sore butts from the savage occupation by the Japanese. Without us, they would have suffered for generations. Soon after liberation, Mao and the communists came out of the hills to ravage the already defeated Eastern Chinese. Mao avoided fighting the Japanese, but hid in the hills.

    Liked by 6 people

    • Carrie2 says:

      bud, and think of how many Chinese went to Vietnam and Korea due to the Japanese horrible fighting and murdering in China, then with Mao somewhere in the neighborhood of 60-70 million murdered. I had to study and learn the history of China with a Chinese professor who fled after the Tienanmen Square horrid and as he said never to return to China. Too bad so many Mao communists persisted in destroying a lot of China and we had a great acupuncturist in our small city whose brother managed to get out in 1948 and actually became a citizen and worked in our government, but he was not allowed to leave until his brother could get him out so I learned more history from him as well. So sad to see the country turning its back on its own people and now want to own Hong Cong which money wise would not help China. Now we cannot communicate with our friends in Beijing and that worries us. Around and around we go and still going in circles on this planet. Makes one think that maybe this will be the end of world but we also know it won’t be ended except for many.

      Liked by 2 people

  12. California Joe says:

    Well, I can see real estate prices in Vancouver and Southern California taking a nice leap up after all this is digested! The Panda mask is slipping away and the Dragon is taking it’s place. No one knows more about the Dragon danger then the Chinese people who live in Hong Kong except maybe the Chinese in China itself!

    Liked by 5 people

    • Bert Darrell says:

      Isn’t moving from Hong Kong to California at the time that communist China wants to take ownership of Hong Kong tantamount to jumping from the frying pan straight into the fire?

      Main difference, perhaps, is that you can still move unimpeded from California to a red state.

      Liked by 3 people

      • Carrie2 says:

        Not only moving to CA but many to the southern states and most are good with their money and how to invest it as well.

        Like

      • swissik says:

        Based on my observations and friendships, Chinese people with US citizenship are happy with the blue states and vote accordingly. My own neighborhood in the Silicon Valley is a good example of this.

        Liked by 1 person

    • Carrie2 says:

      CA Joe, yes the dragon is nasty but in reality so are pandas as they can be VERY vicious.
      Will the Chinese communists wake up to reality or stick by their own view of owning the country and the people because of pride which is a very big thing with them. Our President again is working hard for America while working hard with countries that have none of values.

      Liked by 1 person

  13. USTerminator says:

    It is another “lose face” for President Xi. This might not be well since Xi can not afford to see to be weak. There might be a crack down on Hongkong from Beijing soon. Sometimes CCP thinks bloodshed is required to impose obedience. Remember the most important aspect and priority for Xi and CCP is maintain power. Everything else is disposable

    Liked by 3 people

  14. Ben says:

    I am from Hong Kong
    There’s a translation issue

    In Chinese, Carrie Lam said she will temporarily pause the discussion of the new law

    In the English version of her press release she said she will indefinitely suspend discussion

    2 million people marched today in Hong Kong to protest that it should be withdrawn, not just temporarily paused

    Liked by 21 people

    • free.and.true says:

      Thank you for this insight! So is there any reason to believe that a withdrawal will happen?

      Like

    • vfm#7634 says:

      The Chinese should learn not to be dishonest… that’s not helping their cause either.

      Liked by 4 people

    • Carrie2 says:

      We thoroughly enjoy Hong Kong and makes us sad. Lam is trying to keep her position and not suffer a return to Mainland China where she may not be treated shall we say “well”. With the very poor economy in Hong Kong I believe we will be seeing a review of Tiananmen Square in HK. Breaks my heart that I may never ever be able to revisit China or study there. By the way, HK has the best history museum we have ever visited and we visited it time and again.

      Like

  15. The United States has never-before had such totally amazing dynamics in play, just prior to a G20 (a G-anything!) meeting. President Trump couldn’t have ordered a better state of affairs, as he heads off to Japan next week.

    Liked by 2 people

    • Bert Darrell says:

      Let’s face it. American presidents from the 1990s to 2017 had no understanding of this type of situation. They were “pay-to-play” specialists ready to please big foreign and/or domestic donors. I remember George H. W. Bush meeting monthly with members of the Pioneers Club, Bill Clinton having periodic sales of anything Chinese buyers wanted to buy, George W. Bush going to war in Iraq, and Barack Obama bending over to anyone and also heavily “investing” into his donors’ projects (e.g., Solyndra).

      It took a successful businessman in the Oval Office to understand it and do something about.

      As SD always says: there are $trillions at stake, and I would add: the demoRats would just love putting their sticky fingers onto that pile of money.

      Liked by 7 people

  16. ristvan says:

    Xi is in a big self made global pickle with Hong Kong. Three reasons.
    1. Its largest industry is Asian financial services. That is easy to pick up and move to Singapore, whose population is majority ethnic Chinese. Would devastate Hong Kong economy if happened because of the extradition law.
    2. Its second largest industry is trading, because of the harbor. About 80% of the trading is with China and US. I went to HBS with Victor Fung, now chairman of Hong Kong based Li and Fung Ltd, the largest independent China trader/supply chain manager for US and EU. Hong Kong is world’s 7th largest container port. Can be hit very hard by the US/China trade war.
    3. When nearly 2 million people turned out in protest Sunday (today) because Carrie Lam is still gov head and her extradition law was suspended but not scrapped, Xi got to see what might lie in store for himself if not very careful. Tiananmen Square was a teacup sized protest by comparison.

    Liked by 16 people

  17. xxxMatxxx says:

    The battle for Hong Kong is an indicator for the state of the battle between the hardliners and the reformers in Xi’s inner circle.

    Liked by 2 people

  18. Esther says:

    Xi Xinping has really overplayed his hand on too many sides. His move to pull Hong Kong closer under China was partly for fear of losing the wealth in Hong Kong, so he wants greater control. His move has done just the opposite. Xi is losing his hold on Taiwan and now on Hong Kong at a time when the Chinese economy is imploding on itself, and food supply is rapidly dwindling with the mandatory slaughtering of millions of infected pigs. His putting tariffs on American imports of food items is also backfiring, because China needs to import food to feed its people.

    Xi has stepped into quick-sand, and the more he fights, looks like the more he’s been pulled down by his own efforts. That’s exactly what quick-sand does. The islands in the “South China” seas are turning out to be white elephants, they do not produce food for China, but swallow up significant resources. His expansion into South America and the Caribbean is disintegrating too. US media does not pay much attention to how much influence China has been wielding in these areas, but China has been buying off the politicians in the Caribbean for a while now, and places where you never saw Chinese people were being overrun with them. Now the ‘natives’ are turning against China in what used to be the British Caribbean.

    With the Yuan dropping so significantly against the US dollar, some of the islands that tied their currency to the US dollar are in a better position to see their way to get from under China’s loans. Another thing is, that even when Xi sinks, whoever takes his place will have to face the same problems that Xi now faces. The CCP is weakening, they may hang onto their ideology, but it won’t help them economically or politically. There may come a time sooner than ever expected, due to Starving population, joblessness, over-expansion at home and abroad, weakened currency etc., cutting off of stolen technologies, Huawaei unable to build its products, seems like all the elements are combining where President Trump will have his own ‘ Tear down that wall” moment, with regards to China’s communist model. We can only pray and hope.

    Liked by 14 people

    • Dutchman says:

      Esther;
      EXCELLENT POST! Concise but detailed review, and I agree with your accessment. People have been theorising that CCP/Xi have been ‘holding out’, hoping PDJT loses in 2020.

      I’m not sure they can last that long. They are flailing, like a drowning person. Are movements that do NOTHING to keep them afloat, and may even hasten their going under.

      There is NOTHING in their ideology than can solve their problems. Good point, and nothing in their phylosophy as explained by Sundance, either.

      Liked by 2 people

    • Mrs. E says:

      Praying and will continue to pray.

      Liked by 2 people

    • Carrie2 says:

      So many longing for freedom! Taiwan never say they are “Chinese” but Taiwanese and are very strong against China in every way. When you visit Taiwan you notice right off they are a separate country and people. They are well educated and most speak English which for tourists is a boon. The whole of the eastern countries (including India) are undergoing changes,some good and some bad as in India and now China again. China is at a crossroads but will their self-love create a wreck at the crossroads?

      Liked by 1 person

  19. Nick the Deplorable says:

    Liked by 3 people

  20. Ilcon says:

    The age of Trump.

    Liked by 7 people

    • grlangworth says:

      I couldn’t be more tickled to be living / working in the middle of it. The Chinese are having interesting times. We are growing, blue collar wages are rising, and there are more valid jobs than there are viable workers here. As PDJT’s programs train more rehabbed Con’s and inner city folks, job growth is fed. Still say that Ben Carson will be revealed as one of PDJT’s unexpected, secret weapons.

      Liked by 9 people

  21. A2 says:

    2million strong. Double the number of people peacefully protesting again. A sea of triumphant black.

    Hong Kong people will not stop until their demands are met. Lam must resign, the extradition bill completely withdrawn and no more police brutality towards students.

    The Republic of China (Taiwan )
    sent this message:

    外交部 Ministry of Foreign Affairs, ROC (Taiwan) 🇹🇼
    @MOFA_Taiwan
    ·
    10h
    I salute the brave #HongKong citizens on the streets, uncowed by the threat of police brutality. The people of #Taiwan share your values & struggle. Our paths & destinies are linked as we both live under the shadow of the #CCP regime. We shall overcome together. JW #616黑衣大遊行

    Liked by 13 people

  22. Ilcon says:

    Liked by 3 people

    • sunnydaze says:

      Here’s a clear pic of the crowds clearing the street for the Ambulance.

      The horrific Dem/Lefty Protestors who block vehicles here in the states could really learn something from the HK’ers.

      Liked by 5 people

      • Carrie2 says:

        Jeffie, manners are important to the Chinese, but I sure hope they will not leave trash on the streets as usual Hong Kong is always clean and no one can throw cigarette butts or any other detritus because they would get ticketed. We can see these are mostly the young who want a free life and future. I didn’t see police or military in these pictures but can assume they were there.

        Liked by 2 people

  23. A2 says:

    This is the spirit of the Hong Kong people, aHigher Power

    SJ
    @SijiaJ
    · 13h
    BEST #extradition protest poster: “Stop Using Baton Or We Sing Hallelujah To The Lord”

    Liked by 7 people

  24. Deplorable Saint says:

    Looks like China is failing faster than it was in 2012 when my wife and I traveled there. You could see the beginning of failure then. You also hear the distrust of the residents there when talked to them discretely and privately. They are fearful of the future.

    Liked by 2 people

  25. Dutchman says:

    “Hallelujah to the Lord?” In a totalitarian state that bans/suppresses religion, dems fighting words.

    Shades of Velvet revolution, where citisenry sang banned patriotic songs.
    USSR withdrew from 3 ‘Baltic’countries, was beginning of collapse of Soviet Union.

    If ‘ONE CHINA’ policy should collapse, thats so fundamental to CCP policy and authority, it would be ‘the end’. Cause same loss of authority spreads to mainland, once CCP is percieved as so weak it can’t maintain policy.

    Liked by 3 people

    • giveadamn says:

      It might take a different turn for a bit, but Xi and the hardliners won’t let that goal collapse. You have to think like Mao.

      Like

    • Carrie2 says:

      Dutchman, on our several visits and my time studying in Hangzhou (a beautiful city), I always attended Mass wherever we were in China, but I am gathering that lately they are again working against especially the Catholic Church as millions of Chinese are Catholics, so I can also assume the other churches are facing problems now as well. In my prayer every day (and my list is getting longer and longer).

      Like

      • Maquis says:

        Entire faiths are being erased. The Falun Gong are being used as involuntary live donors for a thriving international organ transplant tourism industry. Ouighurs in reeducation camps by the millions. Xi seems bent on catching up to Mao.

        Liked by 1 person

      • Dutchman says:

        Conmunism has always tried to suppress ANY religion; they don’t like the COMPETITION. Can’t compete, ideologically, spiritually, economically or materially. So, they try to infiltrate, subvert and ultimately destroy the competition,…ANY competition. And they want FAITH and worship to be directed at the State, the collective.

        Liked by 1 person

  26. JackB says:

    Thus would be the equivalent of 50 million people protesting in the US. Where were the protests when the unPatriot Act was passed. When we where lied into a quagmire in Iraq by Bush & Cheney and the neocons. Where were Americans when Obama & Hillary and the neocons lied while backing Al Qaeda in regime change in Libya & Syria.

    Liked by 6 people

  27. Reemember. Who did POTUS speak to,when first came into,office. President of Taiwan

    Liked by 3 people

  28. Trent Telenko says:

    There is no such thing as free trade between a free and unfree society.

    There is only managed trade because “comparative advantage” is determined for political and not economic advantage .

    Since NAFTA to Trump, China has managed US-China trade.

    Since Jan 2019, the Trump Administration has.

    The difference in U.S. economic growth reflects this new reality.

    Liked by 3 people

  29. Trent Telenko says:

    You have to understand our recent US economic past to understand what Pres. Trump is doing now to China and their Globalist financial market symbiotes.

    The following is via my post here on Chicagoboyz web log

    https://chicagoboyz.net/archives/59670.html#comments

    The Macro-Economics of the Trump Administration’s “America First” Economic Policies

    What Trump’s “America First” economic policies have shown me in the last 2.5 years is the hollowing out the working & middle class in the late and post Cold War period was an artifact of American Cold War Macro-Economic policy to re-industrialize the rest of the Western World, and later China, as a tool to fight the Soviet Union.
    .
    This policy killed the growth of American productivity in the early 1970’s because the bond markets could make more via foreign investment via defacto and de jure US Government subsidies of foreign investments than they could investing in the USA. (The former being in the form of allowing European/Asian trade barriers to US goods and the latter being US Government foreign default guarantees).
    .
    The run down in US capitol investment in the 1960’s through 2000’s, combined with the arrival of “the Box” AKA ISO standard cargo containers — See: Marc Levenson’s “THE BOX: How the shipping Container Made the World Smaller and the World Economy Bigger” https://press.princeton.edu/titles/10724.html — meant the Mid-Western industrial economy collapsed from a prolonged starvation of capitol investment. Effectively the Midwestern economy was strangled in a US Government macro-economic siege driven by the Financial “Renter class” in the NY City Bond Market from 1989 onward.
    .
    Going back almost three decades chronologically from 1989, at the same time all this started, to get big business to buy into this policy in the long term in the early 1960’s. Sen Kennedy in 1963 got “Open Borders” immigration to keep US labor costs low via foreign immigration. Today’s US population would be 200 million vice 300 million simply based upon the effects of that immigration legislation.
    .
    Returning back to the post-Cold War era, NAFTA and all the other multinational trade deals represented the final victory of the multi-national financial and corporate “renter class” over the American national economy and it was cemented by the Clinton Administration and ratified by both the George W Bush and Obama Presidencies. The American financial/Multinational Corporate Renter class’ victory was so complete they lost sight of the real roots of American political power, the white working and middle class.
    .
    All this macro-economic policy over 50 years meant the coasts prospered while the heartland suffered and became foreigners in their own country. I refer to this Financial Renter class enrichment process as “The Great Hollowing Out.”

    Liked by 7 people

  30. Trent Telenko says:

    This is an analysis of *who pays* for increased US tariffs on Chinese imports.

    Their two-line summary is:

    “We calibrate a simple economic model and find that a 25 percentage point increase in tariffs raises US consumer prices on all affected Chinese products by only 4.5% on average, while the producer price of Chinese firms declines by 20.5%. The US government has strategically levied import duties on goods with high import elasticities, which transfers a great share of the tariff burden on to Chinese exporters.

    Link:
    http://www.econpol.eu/publications/policy_brief_11

    Liked by 3 people

  31. John_in_IN says:

    Totalitarians don’t have a chance. Trump is like the Mule in Asimov’s Foundation trilogy.

    Liked by 1 person

  32. jeans2nd says:

    And where is Sec Ross next week?
    That would be Central Asia. Uzbekistan for sure (a secular presidential constitutional republic), there may be other countries. These former Soviet Union countries are running as far away from communism as they can get, adopting free/fair market economic principles, and are open for business.

    There is already a Chevy plant in Uzbekistan, and most Uzbecks now drive Chevys. ‘magine that.
    Now imagine how near Central Asia is in relation to China, when a country a looking for a new place for production…
    Who says there must be war in the South China Sea? Go west, young man, go west.

    Liked by 3 people

  33. czarowniczy says:

    Trump’s actions have a small part in this but this goes way beyond trade issues and was ongoing before Trump came into office.

    The Brits were up against a wall, they had to give up Hong Kong, it was a very large historical thorn in the Chinese paw, not just the Chicoms but Chinese in general. Problem is that during the time Hong Kong was under the Brits it not only became prosperous but it became un-Chinese, they not only spoke a different language than the mainland but developed a totally different culture and don’t want to be absorbed.

    Since the mainland has been the official-unofficial boss, Hong Kong being a semiautonomous area, a chimera just waiting to be absorbed by the Dark Side. Since the handover the mainland’s been anxious to get its hands on HK but HK’s been resisting. Things aren’t running smoothly either, housing is a major problem and under the ‘semiautonomous’ system it’s become worse. The more the mainland tries to digest HK the more indigestion it causes both.

    Trump’s actions will add to the dyspepsia for both parties but the Honk Kong mainland fight is older and much more. As HK continues to resist digestion things will get worse and Trump may yet have a bigger hand in it if the mainland feels the only way to deal with the issue is to just march into Hong Kong and get it all over with.

    Like

    • Esther says:

      Trump told us we would be winners. Tonight the smell of even more victories is in the air. I’m not tired of winning are any of you? I say if Trump changes his slogan from MAGA it should be KAGA
      KEEP AMERICA GREAT ALWAYS!!!! Let’s tweet this to Trump and see if he’ll respond.
      Here’s a cherry on top ( particular for those naysayers who don’t want to give Trump his due credit with Hong Kong and China because no way would either Taiwan or Hong Kong would be so embolden if Trump was not giving them the backbone by keeping CCP under tremendous economic pressure. This is the Treepers’ and Trump supporters’ response to the shills, trolls, naysayers and MSM). WINNING!!

      Liked by 1 person

  34. GSparrow says:

    I’m glad to see the people of Hong Kong and their protest organizers are too smart and aware about the reality of the radical Communist leadership in Beijing to back off now. The “temporary suspension” was likely just a devious tactic so the protest leaders could be rounded up and other efforts were made to squelch any future protests while the people were duped and calmed.

    The “people” are clearly too awake and aware to fall for Beijing’s obedient and subordinate view of life unlike the idiot Dems in the USA that promote socialism and a Green form of Communism control over a populace. Bernie’s plagiarizing of Stalin’s repressive written policies topped off the lunacy.(from Mark Levin)

    The ChiComs spend far more on internal security than they do on their military because totally controlling the lives of 1.42 Billion people is not cheap or easy. But it is often brutal. The people of Hong Kong know they are in a serious fight to preserve basic freedoms and control of their own lives. I hope they succeed but the ChiComs are a formidable enemy.

    Liked by 2 people

    • GSparrow says:

      “The current population of the “Hong Kong Special Administrative Region of the People’s Republic of China” is 7,487,987.” (UN)

      7 1/2 million people against 1.4 Billion led by a merciless, repressive regime are not great odds but the world is watching.

      Like

      • TCG says:

        Not to get all conspiracy-theorish on everyone, but I wonder what the true size of the Chinese population is. Of course, there’s no question it’s very big, that’s for sure. but the official source of population data is, and always has been, the CCP. Why do we accept their reported data without so much as a blink?
        It’s curious to me that we trust the population estimates of any non-democratic country for that matter. There are obvious motivations for the unscrupulous to inflate such figures.

        Liked by 1 person

        • Luke of the D says:

          I am right there with you, TCG. Why believe China at all? They are a communist dictatorship. Nothing they say should be trusted, and that includes relatively innocent statements like population counts. Inflation or deflation of population does matter at a world level – look, we have more people than you! Neh-neh-neh! We will crush you under a Red Wave with our 1950s era weapons! Neh-neh-neh! I honestly do not fear China in any way. They may have lots of people, or they may not, but their military is a joke and their “great economy” is simply a parasitic economy built to leech off the USA. The only reason to be concerned about China is our dependence on them for Cheap Shit, but we may finally be weaning off that addiction under the leadership of President Trump.

          Liked by 1 person

  35. A2 says:

    This morning, 17 June, at around 7.15am, 200 plainclothed and uniformed officers unsuccessfully asked protesters to leave.

    Protesters still massed in Harcourt Road and around LegCo. Police on best behaviour. The young kid, Joshua Wong who led the umbrella and occupy protests will be released from prison today.

    Liked by 7 people

    • jeans2nd says:

      A2, not too many people respond to your comments, but please know that your comments are being read and are very much appreciated. Please do not stop commenting.

      The 200 plainclothed and uniform officers are CCP and not Hong kong, yes?
      Does Hong Kong even have their own police now? Or are they all CCP? Thx

      Liked by 2 people

      • A2 says:

        Hong Kong police who were recently sent to Xinjiang for ‘training’. There is a PLA garrison stationed here and are mostly in the old British barracks in the NT, with their HQ in the old Tamar site in central and living quarters that use to house British soldiers and families right next door to the University of Hong Kong. The PLA use to keep a very low profile, but in the past few years have been allowed to wear their uniforms when out and about in the outlying islands.

        Liked by 2 people

      • A2 says:

        I replied to you but it didn’t post.

        They are Hong Kong police ( who also recently trained in Xinjiang). PLA have a garrison here in the old British barracks in the NT, and their HQ in the old Tamar site in Central HK, and also the old British military housing for families next door to the University of Hong Kong.

        They use to keep a very low profile, but in the last few years they have been allowed to wear their uniforms when out and about in the Outlying Islands.

        TY

        Liked by 1 person

  36. cthulhu says:

    Seems to me that Carrie Lam is looking for a “temporary suspension” by HK rope if she wants to continue pushing the CCP line. She should resign, and so should everyone appointed to that position subsequently so long as they are beholden to Xi.

    A large part of Xi’s problem is that he never had the “Mandate of Heaven” in HK.

    Liked by 1 person

  37. A2 says:

    Was anyone wondering where Xi Mao2.0 is?

    He was having a birthday party with his best, bosom buddy (Xi’s words not mine) Putin in Tajikistan where Vlad the Mad gave him a big box of ice creams and other stuff. Xi gave Putin some Tea and they drank champagne and chatted about how great they are, as dictators are fond of doing.

    It is an economic forum and Xi, as a birthday wish to grant, told Erdogan to sit down and shut up and take our money or we will make life difficult for you.

    Meanwhile back in Beijing, the official publication of the Ministry of Justice, China Law Review, was ordered to shred an entire publication run, track down distributors and demand if anyone has a copy to destroy it. Why? Because of a booboo. The press did not print one of Xi’s god-like slogans correctly, even though the author wrote a slavishly complementary article.

    CCP orthodoxy. They came for your words, next time your head.

    https://www.timesofisrael.com/putin-presents-chinas-xi-with-giant-box-of-birthday-ice-creams/

    Liked by 2 people

  38. grahampink says:

    I’m looking forward to Chinese tanks rolling through the streets of Hong Kong.
    The ultimate show of ChiCom weakness.

    Like

  39. dallasdan says:

    I admit to it being a very uneducated hypothesis, but if Xi perceives he is losing bigly, due to both damaging economic woes on the near-term horizon because of the President’s overwhelming leverage and the specter of losing control of HK, would he appease the part hard-liners by attempting to seize Taiwan militarily or crush the HK protests and fully impose his will there?

    What would be our response if he did either?

    Liked by 1 person

  40. Query says:

    It is quite difficult for China to decide on war in Sth China Sea. The World Court has already upheld freedom of navigation and denied China’s claim. To do war it would have to fire on US ships.
    Not going to happen. That day Chinese exports to the US cease. Velly unhappy aspirational bright light city workers with cars then become the dictatorship’s main problem, as they have always been.
    Even a great patriotic war by Xi to invade Taiwan is fraught with disaster for the regime. Unknown unknowns abound for Xi.

    Liked by 1 person

  41. Vera says:

    I noticed that Bitcoin has been moving up in value recently. That usually means that demand for Bitcoin is increasing.
    Who would want to move their money out of the banks at this time?

    Like

  42. Curt says:

    The Communist Chinese have a huge organ transplant operation whereby the provide vital organs (hearts, kidneys, lungs, etc.) to wealthy foreigners and party elites who need medical transplants. All political prisoners are blood typed, checked for health, and the information cataloged. When a someone needs an organ, they find the proper medical fit in a political prisoner, and it’s a bullet to the head. The organs are then harvested and the lucky recipient pays a large amount to the communist government. This is a money maker for these animals. Check out the interview with China expert Steven Mosher at the Epoch News, American thought leaders, @ youtube. Pretty gruesome and these people in Hong Kong know what’s in store for them once they are under the control of Communist China. Trump’s hard China policy is the only thing that these Communist Chinese respect. We cannot give in like politicians on the left are pushing for. Saw an American businessman/importer complaining because the price of fireworks are going up this 4th of July! Give me a goddam break! Americans can and should put up with a little economic pain to stop this monstrous government in China.

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s