Friday, September 29, 2023

Baby spy.

"Before the pandemic hit, weddings were big business in China, with Daxue Consulting estimating the industry to be worth 3.6 trillion yuan ($487 billion) in 2020." Reuters. "There were 6.8 million marriages across China last year, 800,000 fewer than in 2021 and the lowest since the government began publishing the data in 1986." "The trend, which has become obvious as the economy weakens and consumer confidence wanes, is also worrying officials trying to revive marriage, and birth, rates which dropped to record lows last year, leading to the first decline in population numbers in 60 years." "China's ousted foreign minister Qin Gang had an extramarital affair with a high-profile Chinese television presenter who had a child through surrogacy in the United States, the Financial Times reported." CNN. "Fu Xiaotian, 40, the former host of a flagship talk show on Hong Kong-based Chinese broadcaster Phoenix TV, was in a relationship with Qin." Apparently, Qin has been removed for security reasons. A baby born in the US is granted "birthright citizenship". FindLaw. But, by the time this baby grows up to be an American spy, Qin would have finished his two terms as Foreign Minister, so what risk? Xi Jinping's daughter Xi Mingze was at Harvard from 2010 to 2014 (wikipedia) and could have been infected by Western woke liberalism rampant in Massachusetts. "In recent years, the US has launched an aggressive espionage effort against China," while "Beijing has also been following an extremely aggressive espionage track." TOI. "US officials say, China's efforts reach across every facet of national security, diplomacy and advanced commercial technology in the United States and partner nations." Meanwhile, "A massive retreat of funds from Chinese stocks and bonds is diminishing the market's clout in global portfolios," as "Foreign holdings of the nation's equities and debt have fallen by about 1.37 trillion yuan ($188 billion), or 17%, from a December-2021 peak through the end of June this year, according to Bloomberg." ET.  "The only good thing right now about the US housing market is that it can't get much worse from here, according to Redfin CEO Glen Kellman." BI. "That's the fault of high mortgage rates, which have raised the cost of borrowing for prospective homebuyers, while also discouraging potential sellers from listing their homes." On the other hand, "Even China's population of 1.4 billion would not be enough to fill all the empty apartments littered across the country, a former official said.., in a rare public critique of the country's crisis-hit property market." Reuters. As a result, "Global debt hit a record $307 trillion in the second quarter of the year.., with markets such as the United States and Japan driving the rise, the Institute of International Finance said," and hence, "the latest increase has lifted the global debt-to-GDP ratio for the second straight year to 336%." Reuters. In all this tussle Qin Gang fathered an American baby. A huge security risk. What if he has 666?       

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