Sunday, May 31, 2020

Nothingburger can only lead to severe malnutrition.

"China's parliament has backed security legislation for Hong Kong which would make it a crime to undermine Beijing's authority in the territory." As expected, "The National People's Congress (NPC) -- meeting in Beijing after a two-month delay caused by the coronavirus pandemic -- backed the security bill resolution with 2,878 votes in favor, one against and six abstentions." The new law overrides Hong Kong Police and allows agents from the mainland to arrest and  charge any protester with treason and sedition which carry long prison sentences. A law which would have allowed Hong Kong citizens to be extradited to the mainland for trial had to be withdrawn last year after months of violent protests. China's stool pigeon, Hong Kong CEO Carrie Lam naturally supported the new law, saying it will not affect freedom of citizens of the territory. In response, US President Donald Trump has asked officials to end preferential status of Hong Kong and threatened sanctions on Chinese and Hong Kong officials who are "directly and indirectly involved in eroding Hong Kong's autonomy" and "smothering absolutely smothering Hong Kong's freedom". "China is dismissing threats of sanctions from the Trump administration over Beijing's proposed national security law in Hong Kong, calling it a 'nothingburger'." "It is only bluffing," said Global Times. "China's state media and the government of Hong Kong lashed out on Sunday at US President Donald Trump's vow to end Hong Kong's special status" while the Communist Party mouthpiece the People's Daily wrote, "The baton of sanctions that the United States is brandishing will not scare Hong Kong Kong and will not bring China down." Maybe not, but stab wounds from multiple sources may exsanguinate it to death. "The US government imposed new restrictions on Chinese tech giant Huawei on Friday, severely limiting its ability to use American technology to design and manufacture semiconductors produced for it abroad." UK Prime Minister Boris Johnson is to 'look again' at his decision to allow controversial Chinese tech giant Huawei to build more than a third of Britain's 5G broadband network, amid fresh concerns by spy agencies." "Your Aussie friends are baffled, Britain: Why escape from Brussels -- only to kowtow to Beijing," asked former Australian Prime Minister Tony Abbott. "A paradigm shift is taking place in relations between the European Union (EU) and China," wrote Mark Leonard, as "Europe has abandoned its previous ambition of a more closely integrated bilateral relationship with China." "China's factories are starting to hum again, but executives are worried that the rebound could falter on weak demand at home and abroad." India may not be as large a customer like the US and EU but is also trying to reduce its imports from China. China thinks it can bully other nations by cutting what it imports from them, but it has no friends so it is one against the world. China depends on trade and if other countries shift their trade away from it, its economy may collapse. A 'nothingburger' in trade could be the key to ending the Communist Party. And bring peace to the world.

No comments: