Tag Archives: China

Hong Kong Pushes Forward On China-Backed Extradition Bill Despite Massive Protests, by Tyler Durden

Hong Kong wants to make it easier to extradite people to China. The people of Hong Kong are understandably upset. From Tyler Durden at zerohedge.com:

The leader of Hong Kong has pledged to move forward with legislation that will ease extraditions to China despite a massive protest from hundreds of thousands, if not millions, of citizens over the weekend. The legislation is backed by Beijing, according to Bloomberg, and would allow Hong Kong to enter into one-time agreements with places like China and Taiwan to move criminal suspects.

Chief Executive Carrie Lam said that the government “could see people are still concerned about the bill.” Generally, a million people taking to the streets in protest can make that point clear.

Lam has said that the legislation has been amended to protect human rights and called on Hong Kong’s elected Legislative Council to make further changes.

Lam remarked:

“The society has been closely and intensely discussing the amendment bill for four months. It should be returned to the Legislative Council, which should carry out its constitutional duty. This means after vetting the bill, legislators can amend or approve the bill or whatever. Our stand is still our stand today.”

“There is very little merit to be gained by delaying the bill,” Lam concluded.

Hong Kong arrested 7 people who were parties to the protest on charges of “suspicion of attacking the police”. Lee Kwai-wah, senior superintendent of the city’s Organized Crime and Triad Bureau, said another 12 people were arrested for blocking roads.

Jimmy Sham of the Civil Human Rights Front, the organizer of Sunday’s protest, pushed back on Lam’s comments: “Carrie Lam is provoking us. I don’t understand why a government doesn’t want us to live a comfortable life but to challenge us to see what price we can pay.”

Continue reading→

 

Advertisements

The Unipolar Moment is Over, by Pepe Escobar

The US cannot match Russia and China’s power and influence in Eurasia, which means the US can no longer be the global hegemon. From Pepe Escobar at strategic-culture.org:

The Russia-China strategic partnership, consolidated last week in Russia, has thrown U.S. elites into Supreme Paranoia mode, which is holding the whole world hostage.

Something extraordinary began with a short walk in St. Petersburg last Friday.

After a stroll, they took a boat on the Neva River, visited the legendary Aurora cruiser, and dropped in to examine the Renaissance masterpieces at the Hermitage. Cool, calm, collected, all the while it felt like they were mapping the ins and outs of a new, emerging, multipolar world.

Chinese President Xi Jinping was the guest of honor of Russian President Vladimir Putin. It was Xi’s eighth trip to Russia since 2013, when he announced the New Silk Roads, or Belt and Road Initiative (BRI).

First they met in Moscow, signing multiple deals. The most important is a bombshell: a commitment to develop bilateral trade and cross-border payments using the ruble and the yuan, bypassing the U.S. dollar.

Then Xi visited the St. Petersburg International Economic Forum (SPIEF), Russia’s premier business gathering, absolutely essential for anyone to understand the hyper-complex mechanisms inherent in the construction of Eurasian integration. I addressed some of SPIEF’s foremost discussions and round tables here.

In Moscow, Putin and Xi signed two joint statements – whose key concepts, crucially, are “comprehensive partnership”, “strategic interaction” and “global strategic stability.”

Continue reading

Much More Than A Trade War, by Daniel Lacalle

China doesn’t bring as many weapons to the trade war as many people think. From Daniel Lacalle at dlacalle.com:

In these weeks we have read a lot about the so-called trade war.  However, this is better described as a negotiation between the largest consumer and the largest supplier with important political and even moral ramifications. This is also a dispute between two economic models.

Nobody wins in a trade war, and tariffs are always a bad idea, but let’s not forget that they are just a weapon.

Why right now?

For many years China has been allowed to maintain a mercantilist dictatorship and protectionist model under the excuse that its high growth made it attractive.

Shortly before the US launched its set of tariffs, the Chinese government accelerated two dangerous policies that we cannot ignore: intensifying capital controls , limiting the outflow of dollars from the country, and increasing the list of banned companies and sites, two measures that proved that the Chinese government was unlikely to open  its economy, rather the opposite. These measures intensified in the last year and a half. Two other factors show China’s decision to halt the opening of its system. The “Made In China 2025 Plan” and the removal of the two-term limit on the presidency, effectively allowing Xi Jinping to remain in power for life.

Between 2004 and 2018, the United States filed 41 complaints against China at the World Trade Organization, focused on 27 different areas. The vast majority of these WTO resolutions are not enforced (“Paper Compliance: How China Implements WTO Decisions.” The previous strategy of looking the other way and expecting the Chinese economy to open up little by little met the reality of increased interventionism.

Continue reading

Doug Casey on Trump and the Trade War

Like all wars, once the first shots are fired in a trade war the battleground is enveloped in confusion and unintended consequences. From Doug Casey at caseyresearch.com:

Justin’s note: The trade war is spiraling out of control.

If you’ve been reading the Dispatch, you already know what I mean. In short, Trump’s taken his tough stance on trade to new heights.

He hit China with more tariffs last month. He also threatened to impose tariffs on Mexico. This is a huge deal. After all, we’re talking about two of America’s biggest trading partners.

Unfortunately, this is likely just a taste of what’s to come.

Doug Casey explains why in today’s brand-new Conversations With Casey. Doug also tells me why Trump absolutely cannot win the trade war…


Justin: Doug, Trump’s really been living up to the “Tariff Man” nickname lately. Why can’t he stop it with the tariffs?

Doug: This really brings us to a discussion of Trump himself. I admit to kind of liking Trump when he was running in 2016, despite the numerous philosophical and psychological problems that I pointed out – accurately – in 2011 when he was toying with a run. And I did make a gentleman’s bet for 100 ounces of silver with Marin Katusa that Trump would win – but that’s a different matter. The main reason I hoped Trump would win was because he wasn’t Hillary, who would have been a total and complete disaster.

Although it was clear Trump didn’t know anything about economics, he at least had a business background, unlike Hillary or most politicians. He also said he was going to end all the pointless wars the U.S. either started or aggravated.

Unfortunately, what little mettle Trump had has apparently been corrupted by living in Mordor for the past two years. The Deep State is a very real thing.

He hasn’t pulled troops out of Afghanistan, Syria, or a dozen other countries where the U.S. has varying levels of actual combat troops. Instead, he’s made the already bloated military bigger. He’s letting his warmongering advisors play chicken with China, Russia, and Iran. So, he’s failed from that point of view.

Continue reading

The Navy’s War vs. Bolton’s War, by Michael T. Klare

Having lost a string of wars since World War II against Junior Varsities, the US military is spoiling for a war against the Chinese Varsity. That should go well. From Michael T. Klare at tomdispatch.com:

The Pentagon’s Spoiling for a Fight — But With China, Not Iran

The recent White House decision to speed the deployment of an aircraft carrier battle group and other military assets to the Persian Gulf has led many in Washington and elsewhere to assume that the U.S. is gearing up for war with Iran. As in the lead-up to the 2003 invasion of Iraq, U.S. officials have cited suspect intelligence data to justify elaborate war preparations. On May 13th, acting Secretary of Defense Patrick Shanahan even presented top White House officials with plans to send as many as 120,000 troops to the Middle East for possible future combat with Iran and its proxies. Later reports indicated that the Pentagon might be making plans to send even more soldiers than that.

Hawks in the White House, led by National Security Advisor John Bolton, see a war aimed at eliminating Iran’s clerical leadership as a potentially big win for Washington. Many top officials in the U.S. military, however, see the matter quite differently — as potentially a giant step backward into exactly the kind of low-tech ground war they’ve been unsuccessfully enmeshed in across the Greater Middle East and northern Africa for years and would prefer to leave behind.

Continue reading

Russia-China: a Strategic Alliance for the 21st Century, by the Strategic Culture Foundation

Russia and China are embracing a radical new idea: you go farther in today’s world giving other countries an incentive to deal with you than you do just ordering them around. We know which country is the prime proponent of that second approach. From the Strategic Culture Foundation at strategicculture.org:

Russian President Vladimir Putin welcomed China’s Xi Jinping to Moscow this week for a three-day state visit. It wasn’t just the personal warmth between the two leaders that was on display. They have met on nearly 30 occasions over the past six years. President Xi referred to Putin as his closest international ally and friend.

More importantly, the two nations are solidifying a strategic alliance that could define the shape of geopolitics for the 21st Century.

Putin and Xi, who also attended the annual St Petersburg International Economic Forum this week, signed a raft of bilateral commercial agreements which will propel Eurasian development and indeed global development.

Of particular significance is the continued drive by Moscow and Beijing to conduct international trade in national currencies, obviating the US dollar as a payment means. This is a crucial step in countering the desired “hegemonic control” of the global financial system by Washington. Time and again, Washington has abused its privileged position of printing or withholding dollars in order to further its own agenda of dominating other nations. That abuse has to stop, and it will stop as Russia and China pave the way to a new, fairer mechanism of international finance and trade.

Continue reading

The Next Stage Of The Engineered Global Economic Reset Has Arrived, by Brandon Smith

The globalists not only want to impose one-world government, they want us to love it, or at least say we love it. From Brandon Smith at alt-market.com:

When discussing the fact that globalists often deliberately engineer economic crisis events, certain questions inevitably arise. The primary question being “Why would the elites ruin a system that is already working in their favor…?” The answer is in some ways complicated because there are multiple factors that motivate the globalists to do the things they do. However, before we get into explanations we have to understand that this kind of question is rooted in false assumptions, not logic.

The first assumption people make is that that current system is the ideal globalist system – it’s not even close.

When studying globalist literature and white papers, from Aldous Huxley’s Brave New World, to H.G. Wells’ book The New World Order and his little known film Things To Come, to Manly P. Hall’s collection of writings titled ‘The All Seeing Eye’, to Carol Quigley’s Tragedy And Hope, to the Club Of Rome documents, to Zbigniew Brzezinski’s Between Two Ages, to former UN Director Robert Muller’s Good Morning World documents, to Henry Kissinger’s Assembly Of A New World Order, to the IMF and UN’s Agenda 2030, to nearly every document on globalization that is published by the Council on Foreign Relations, we see a rather blatant end goal described.

To summarize: For at least the past century the globalists have been pursuing a true one world system that is not covert, but overt. They want conscious public acceptance of a completely centralized global economic system, a single global currency, a one world government, and a one world religion (though that particular issue will require an entirely separate article).

To attain such a lofty and ultimately destructive goal, they would have to create continuous cycles of false prosperity followed by catastrophe. Meaning, great wars and engineered economic collapse are their primary tools to condition the masses to abandon their natural social and biological inclinations towards individualism and tribalism and embrace the collectivist philosophy. They created the current system as a means to an end. It is not their Utopian ideal; in fact, the current system was designed to fail. And, in that failure, the intended globalist “order” is meant to be introduced. The Hegelian Dialectic describes this strategy as Problem, Reaction, Solution.

Continue reading