#Pandemic #Covid19
Key Indicator Shows #China’s #Economy Set For Further Slump
//Just when you thought China might be back on track, a key economic indicators suggests the opposite is coming down the pike.
Recently the price of iron-ore slumped, indicating that demand for this key ingredient in steel making is slipping as well. Recently one metric ton of the or would fetch $116, down more than 25% from almost $160 in early March, according to data from TradingEconomics. That’s quite a tumble.
That matters because steel has long been the lifeblood of that country’s economy....
What’s shocking here is that while China is in midst of undoing some of its recent COVID-19-related lockdowns that brought vast swathes of the communist country to an economic standstill. If those locked-down cities were now getting back to work, then why aren’t we seeing signs of an industrial resurgence?
So far, that’s not clear. If things were getting back to any form of normal then we should see demand for iron-ore creep up and along with it the prices of the mineral should rally.
Investors in Chinese stocks or even those listed in Hong Kong should remain cautious until we see evidence of a real recovery.//
Source: Forbes #Jun27
https://t.co/XrJ4mhyoD1
#Iron #IronOre #Lockdown #FinancialDownturn
Key Indicator Shows #China’s #Economy Set For Further Slump
//Just when you thought China might be back on track, a key economic indicators suggests the opposite is coming down the pike.
Recently the price of iron-ore slumped, indicating that demand for this key ingredient in steel making is slipping as well. Recently one metric ton of the or would fetch $116, down more than 25% from almost $160 in early March, according to data from TradingEconomics. That’s quite a tumble.
That matters because steel has long been the lifeblood of that country’s economy....
What’s shocking here is that while China is in midst of undoing some of its recent COVID-19-related lockdowns that brought vast swathes of the communist country to an economic standstill. If those locked-down cities were now getting back to work, then why aren’t we seeing signs of an industrial resurgence?
So far, that’s not clear. If things were getting back to any form of normal then we should see demand for iron-ore creep up and along with it the prices of the mineral should rally.
Investors in Chinese stocks or even those listed in Hong Kong should remain cautious until we see evidence of a real recovery.//
Source: Forbes #Jun27
https://t.co/XrJ4mhyoD1
#Iron #IronOre #Lockdown #FinancialDownturn
Forbes
Key Indicator Shows China’s Economy Set For Further Slump
Just when you thought China might be back on track, a key economic indicators suggests the opposite is coming down the pike.
#China #Econony
Rumors flies of Chinese city residents facing difficulties withdrawing money from banks
After banks in rural areas in Henan were suspected of financial improprieties, rumors had been spreading online of bank account holders in multiple prefectural cities and municipalities in China being faced with difficulties when withdrawing money from their bank accounts.
Some bank account holders were even only informed of the ¥1000 RMB daily withdrawal limit when they arrived at their bank.
Affected cities seemed to include #Shenzhen, #Shanghai, #Dandong and #Foshan, among others. Videos had emerged online of elderly people lining up outside the bank waiting to withdraw their money in Shanghai. However, as only 40 people could withdraw their money per day, some elderly people began lining up since two in the morning.
Lines were present outside many banks in affected cities such as Dandong, where customers lined up before the bank opened, and still could not withdraw their money by afternoon. Residents at Dandong claim that this situation had been going on for several weeks, with no signs of improving.
Source: i-CABLE
https://bit.ly/39OVhze
#ChineseEconony #ChineseBanks
Rumors flies of Chinese city residents facing difficulties withdrawing money from banks
After banks in rural areas in Henan were suspected of financial improprieties, rumors had been spreading online of bank account holders in multiple prefectural cities and municipalities in China being faced with difficulties when withdrawing money from their bank accounts.
Some bank account holders were even only informed of the ¥1000 RMB daily withdrawal limit when they arrived at their bank.
Affected cities seemed to include #Shenzhen, #Shanghai, #Dandong and #Foshan, among others. Videos had emerged online of elderly people lining up outside the bank waiting to withdraw their money in Shanghai. However, as only 40 people could withdraw their money per day, some elderly people began lining up since two in the morning.
Lines were present outside many banks in affected cities such as Dandong, where customers lined up before the bank opened, and still could not withdraw their money by afternoon. Residents at Dandong claim that this situation had been going on for several weeks, with no signs of improving.
Source: i-CABLE
https://bit.ly/39OVhze
#ChineseEconony #ChineseBanks
有線寬頻 i-CABLE
傳內地多個省市銀行提款難 有存戶被限每日只取1000元 | 有線寬頻 i-CABLE
【有線新聞】繼早前河南多間村鎮銀行涉嫌騙取存款後，網傳內地多個省市的銀行近日都出現提款困難的情況，更有存戶到銀行提款時，才被告知每日只可提取1000元。
#Interview
#ChrisPatten on How #CCP Changed #HongKong: "They’ve broken their word, as I’m afraid they do regularly"
Source: RFA #Jun26
Illustration: #RebelPepper
Read more
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#ChrisPatten on How #CCP Changed #HongKong: "They’ve broken their word, as I’m afraid they do regularly"
Source: RFA #Jun26
Illustration: #RebelPepper
Read more
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#Interview
#ChrisPatten on How #CCP Changed #HongKong: "They’ve broken their word, as I’m afraid they do regularly"
The last UK governor of Hong Kong, #lChris Patten, blames the #ChineseCommunistParty for the city's malaise.
Patten, 78, who holds the title Baron Patten of Barnes and serves as chancellor of the #UniversityofOxford, spoke the Amelia Loi of RFA Cantonese about the changes in Hong Kong as the July 1 25th anniversary of the #handover approaches.
In the interview, Patten was asked to assess the changes in Hong Kong in the 25 years since the handove. Patten said, "Hong Kong was an exceptionally successful community ––the eighth largest trading community in the world and we never had the sort of demonstrations which have affected Hong Kong in the last few years. I had very much hoped it would continue as long as possible and the Chinese had promised that it would continue for 50 years. They’ve broken their word, as I’m afraid they do regularly. They break their word. They break international treaties whenever it suits them. And I think that’s happening again this time."
Patten also said, "the fact that the independence movement has grown in Hong Kong is an indication of how badly China has behaved and how little people actually trust China today. It’s an extraordinary thing that so few people are actually proud of Hong Kong being part of China now. There’s a great sense of Hong Kong citizenship, and there’s a great sense that people are Hong Kongers but only a small number think of themselves as Chinese."
Read the full interview:
https://www.rfa.org/english/news/china/hongkong-patten-06262022085742.html
Source: RFA #Jun26
Illustration: #RebelPepper
#ChrisPatten on How #CCP Changed #HongKong: "They’ve broken their word, as I’m afraid they do regularly"
The last UK governor of Hong Kong, #lChris Patten, blames the #ChineseCommunistParty for the city's malaise.
Patten, 78, who holds the title Baron Patten of Barnes and serves as chancellor of the #UniversityofOxford, spoke the Amelia Loi of RFA Cantonese about the changes in Hong Kong as the July 1 25th anniversary of the #handover approaches.
In the interview, Patten was asked to assess the changes in Hong Kong in the 25 years since the handove. Patten said, "Hong Kong was an exceptionally successful community ––the eighth largest trading community in the world and we never had the sort of demonstrations which have affected Hong Kong in the last few years. I had very much hoped it would continue as long as possible and the Chinese had promised that it would continue for 50 years. They’ve broken their word, as I’m afraid they do regularly. They break their word. They break international treaties whenever it suits them. And I think that’s happening again this time."
Patten also said, "the fact that the independence movement has grown in Hong Kong is an indication of how badly China has behaved and how little people actually trust China today. It’s an extraordinary thing that so few people are actually proud of Hong Kong being part of China now. There’s a great sense of Hong Kong citizenship, and there’s a great sense that people are Hong Kongers but only a small number think of themselves as Chinese."
Read the full interview:
https://www.rfa.org/english/news/china/hongkong-patten-06262022085742.html
Source: RFA #Jun26
Illustration: #RebelPepper
Radio Free Asia
Interview: 'They’ve broken their word, as I’m afraid they do regularly'
The last UK governor of Hong Kong, Chris Patten, blames the Chinese Communist Party for the city's malaise.
#ChineseSpy
Former U.S. Military Pilot Admits Acting as Paid Agent of China and Lying on National Security Background Forms
// Shapour Moinian, 67, of San Diego, is a former U.S. Army helicopter pilot-turned-civilian-contractor. He pleaded guilty in federal court on June 23, 2022, admitting that he acted as an unregistered agent of China and accepted thousands of dollars from representatives of the Chinese government to provide aviation-related information from his defense-contractor employers.
He also pleaded guilty to making related false statements during national security background checks.//
Read more:
https://www.justice.gov/opa/pr/former-us-military-pilot-admits-acting-paid-agent-china-and-lying-national-security
Source: US Justice #Jun23
#NationalSecurity #Espionage #Bribe #ChineseAgent
Former U.S. Military Pilot Admits Acting as Paid Agent of China and Lying on National Security Background Forms
// Shapour Moinian, 67, of San Diego, is a former U.S. Army helicopter pilot-turned-civilian-contractor. He pleaded guilty in federal court on June 23, 2022, admitting that he acted as an unregistered agent of China and accepted thousands of dollars from representatives of the Chinese government to provide aviation-related information from his defense-contractor employers.
He also pleaded guilty to making related false statements during national security background checks.//
Read more:
https://www.justice.gov/opa/pr/former-us-military-pilot-admits-acting-paid-agent-china-and-lying-national-security
Source: US Justice #Jun23
#NationalSecurity #Espionage #Bribe #ChineseAgent
#FirstHand #Jun30
Hong Kong Authorities Seal Off Wanchai North to 'welcome' Xi Jinping
Read more
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Hong Kong Authorities Seal Off Wanchai North to 'welcome' Xi Jinping
Read more
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#FirstHand #Jun30
Hong Kong Authorities Seal Off Wanchai North to 'welcome' Xi Jinping
Since June 29, 2022, Hong Kong police sealed off a large area completely including car ways and pavements in Wanchai North, to prepare for the arrival of the Chinese Communist Party (#CCP) leader #XiJinPing. From the midnight of June 30, the Exhibition and Convention Center station will also be closed.
On July 1, Xi will be present at the Exhibition and Convention Center to observe the ceremony celebrating the establishment day of the Hong Kong SAR and the officiation of the new Chief Executive.
On the eve of July 1, Hong Kong police sent in the anti-terrorism squad to patrol the area in their new uniform. Police dogs were also deployed. Reporters on the flyover were stopped and searched for 4 times.
During Xi's visit to Hong Kong, the metro will not stop at the
Exhibition and Convention Center station until 2pm on July 1. Buses will also be rerouted.
It was reported that some pro-democracy groups like the League of Social Democrats were warned by the authorities of the consequence of carrying out protests on the day.
#PoliceState #FailedState #Authoritarianism #Suppression #Handover
Hong Kong Authorities Seal Off Wanchai North to 'welcome' Xi Jinping
Since June 29, 2022, Hong Kong police sealed off a large area completely including car ways and pavements in Wanchai North, to prepare for the arrival of the Chinese Communist Party (#CCP) leader #XiJinPing. From the midnight of June 30, the Exhibition and Convention Center station will also be closed.
On July 1, Xi will be present at the Exhibition and Convention Center to observe the ceremony celebrating the establishment day of the Hong Kong SAR and the officiation of the new Chief Executive.
On the eve of July 1, Hong Kong police sent in the anti-terrorism squad to patrol the area in their new uniform. Police dogs were also deployed. Reporters on the flyover were stopped and searched for 4 times.
During Xi's visit to Hong Kong, the metro will not stop at the
Exhibition and Convention Center station until 2pm on July 1. Buses will also be rerouted.
It was reported that some pro-democracy groups like the League of Social Democrats were warned by the authorities of the consequence of carrying out protests on the day.
#PoliceState #FailedState #Authoritarianism #Suppression #Handover
#NationalSecurityPolice in Hong Kong Demands Pro-democracy Groups to Cancel Protest on #HandoverAnniversary
Source: Mingpao; whatsapp news #Jun29
Read more
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Source: Mingpao; whatsapp news #Jun29
Read more
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#NationalSecurityPolice in Hong Kong Demands Pro-democracy Groups to Cancel Protest on #HandoverAnniversary
On the eve of the 25th anniversary of the handover, chairperson Chan Po-ying, of the pro-democracy group League of Social Democrats (#LSD), released a statement. She said some volunteers working for thr group were visited by the national security police. The friends of these volunteers have also become the target of the police. After evaluating the situation, the group decide not to pursue any protest on the day.
Meanwhile, #AveryNg, a core member of the grouo who was recently released from the prison, was reportedly under the police surveilance. Ng posted the sentence "I'm in prison, if you know what I mean" on his social media page. Many associated the incident to how the Chinese police surveyed and monitored dissidents like Lu Xia before important days.
This time in Hong Konh Ng commented on his own post by saying, "I'm not being detained" and "I will be happy in the 'prison'."
Source: Mingpao; whatsapp news #Jube29
https://link.mingpao.com/74403.htm
https://www.whatsnewsmedia.com/9685/22/50/22/
#PoliceState #FailedState #Authoritarianism #Suppression #Handover
On the eve of the 25th anniversary of the handover, chairperson Chan Po-ying, of the pro-democracy group League of Social Democrats (#LSD), released a statement. She said some volunteers working for thr group were visited by the national security police. The friends of these volunteers have also become the target of the police. After evaluating the situation, the group decide not to pursue any protest on the day.
Meanwhile, #AveryNg, a core member of the grouo who was recently released from the prison, was reportedly under the police surveilance. Ng posted the sentence "I'm in prison, if you know what I mean" on his social media page. Many associated the incident to how the Chinese police surveyed and monitored dissidents like Lu Xia before important days.
This time in Hong Konh Ng commented on his own post by saying, "I'm not being detained" and "I will be happy in the 'prison'."
Source: Mingpao; whatsapp news #Jube29
https://link.mingpao.com/74403.htm
https://www.whatsnewsmedia.com/9685/22/50/22/
#PoliceState #FailedState #Authoritarianism #Suppression #Handover
和你報 WhatsNews Media -
吳文遠疑被軟禁受監控 僅稱：放心，我個人無事，其他唔多講，希望大家明白 - 和你報 WhatsNews Media
圖：Meow 社民連秘書長吳文遠今夜於社交平台發文指「我依家...
#today2yearsago
Two Year-mark of #NationalSecurityLaw and 25th Anniversary of the #TransferOfSovereignty: 126 People Charged, 83 in Detention and 63 Involved in Literary Inquisition
Source: InMedia #Jun30
Read more
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Two Year-mark of #NationalSecurityLaw and 25th Anniversary of the #TransferOfSovereignty: 126 People Charged, 83 in Detention and 63 Involved in Literary Inquisition
Source: InMedia #Jun30
Read more
⬇️⬇️
#today2yearsago
Two Year-mark of #NationalSecurityLaw and 25th Anniversary of the #TransferOfSovereignty: 126 People Charged, 83 in Detention and 63 Involved in Literary Inquisition
Two years ago on July 1, 2020, the National Security Law imposed by Beijing without passing through Hong Kong's legislature was enforced in the city. Authorties in Hong Kong and China claimed that the criminalisation of speech would not happen and the law would "only affect a small number of people". They also claimed that the rights and freedom of Hong Kong people will not be affected.
As of June 29, 2022, however, at least 198 people have been arrested for "violating national security" in the past two years. Among them 126 people and 5 companies — including #AppleDaily, #StandNews and the #Alliance — were prosecuted. 83 of them have been taken into custody and more than half have been detained for more than one year. The longest period of detention is 660 days and is still counting.
Among these cases, almost the entire pro-democracy camp has been "locked up" due to the primary election. Pro-democracy and independent news outlet like Apple Daily and Stand News were shut down; meanwhile, court procedures are progressing very slowly.
This marks the 25 years since the #1997TransferOfSovereignty of Hong Kong to China.
Source: InMedia #Jun30
https://bit.ly/3HZ9Vk9
[Editor’s Note: Compared to the commonly used term “handover”, the term “Transfer of Sovereignty of Hong Kong to China” conveys aptly the complexity of multi-sided perspectives that is the “handover”, and shows as much neutrality regarding the issue at the whole. Feel free to check out BBC Chinese’s article:
https://www.bbc.com/zhongwen/trad/chinese-news-40441492 ]
#WhiteTerror #SpeechCrime #NSL #Authoritarianism #PoliceState
Two Year-mark of #NationalSecurityLaw and 25th Anniversary of the #TransferOfSovereignty: 126 People Charged, 83 in Detention and 63 Involved in Literary Inquisition
Two years ago on July 1, 2020, the National Security Law imposed by Beijing without passing through Hong Kong's legislature was enforced in the city. Authorties in Hong Kong and China claimed that the criminalisation of speech would not happen and the law would "only affect a small number of people". They also claimed that the rights and freedom of Hong Kong people will not be affected.
As of June 29, 2022, however, at least 198 people have been arrested for "violating national security" in the past two years. Among them 126 people and 5 companies — including #AppleDaily, #StandNews and the #Alliance — were prosecuted. 83 of them have been taken into custody and more than half have been detained for more than one year. The longest period of detention is 660 days and is still counting.
Among these cases, almost the entire pro-democracy camp has been "locked up" due to the primary election. Pro-democracy and independent news outlet like Apple Daily and Stand News were shut down; meanwhile, court procedures are progressing very slowly.
This marks the 25 years since the #1997TransferOfSovereignty of Hong Kong to China.
Source: InMedia #Jun30
https://bit.ly/3HZ9Vk9
[Editor’s Note: Compared to the commonly used term “handover”, the term “Transfer of Sovereignty of Hong Kong to China” conveys aptly the complexity of multi-sided perspectives that is the “handover”, and shows as much neutrality regarding the issue at the whole. Feel free to check out BBC Chinese’s article:
https://www.bbc.com/zhongwen/trad/chinese-news-40441492 ]
#WhiteTerror #SpeechCrime #NSL #Authoritarianism #PoliceState
BBC News 中文
香港主權移交20週年：為什麼BBC中文網不說「回歸」？
香港特區成立源於主權移交，那為何不說「香港回歸」？澳門又為什麼不是「主權移交」？
#Racism
Chinese man held over #racist videos and claims his aims to spread Chinese culture
A Chinese filmmaker wanted by Malawi as part of an investigation into allegations of racism and child exploitation has been arrested.
#LuKe was a #Malawi resident when he was exposed by #BBC #AfricaEye, which reported he had used local children to film personalised greetings videos, some of which included racist content.
These videos can be bought for up to $70 (£55) on Chinese social media and internet platforms.
Lu Ke denied making derogatory videos.
He said he made his videos in order to spread Chinese culture to the local community.
In one of the videos seen by the BBC, a group of young children is made to chant - in Chinese - "I'm a black monster. My IQ is low", clearly unaware of what they are saying.//
Read the full article:
https://www.bbc.com/news/world-africa-61862619
Source: BBC #Jun21
#ChineseInternet #SocialMedia #Weibo #Weixin #Africa #ChineseinAfrica
Chinese man held over #racist videos and claims his aims to spread Chinese culture
A Chinese filmmaker wanted by Malawi as part of an investigation into allegations of racism and child exploitation has been arrested.
#LuKe was a #Malawi resident when he was exposed by #BBC #AfricaEye, which reported he had used local children to film personalised greetings videos, some of which included racist content.
These videos can be bought for up to $70 (£55) on Chinese social media and internet platforms.
Lu Ke denied making derogatory videos.
He said he made his videos in order to spread Chinese culture to the local community.
In one of the videos seen by the BBC, a group of young children is made to chant - in Chinese - "I'm a black monster. My IQ is low", clearly unaware of what they are saying.//
Read the full article:
https://www.bbc.com/news/world-africa-61862619
Source: BBC #Jun21
#ChineseInternet #SocialMedia #Weibo #Weixin #Africa #ChineseinAfrica
BBC News
BBC Africa Eye expose: Chinese man held over racist videos
He was filmed using Malawian children to make videos, some of which included racist content.