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To: TobagoJack who wrote (2049)3/11/2019 4:49:03 PM
From: Elroy Jetson1 Recommendation

Recommended By
elmatador

  Read Replies (1) | Respond to of 13775
 
Let's be honest, Trump is the same imbecile he's always been since he was an object of delightful-ridicule in New York-based "Spy" magazine more than 30 years ago.

The positive attributes, you've always described Trump having, have never existed anywhere except in the imagination of Trump supporters like yourself.

THE ANT claims to have successfully deprogrammed himself from the Church of Trump. Let's see if you can do the same ?

Being a celebrity TV show host doesn't mean you're competent. It just means you're a self-promoting spectacle.



To: TobagoJack who wrote (2049)3/12/2019 11:03:01 AM
From: Cogito Ergo Sum1 Recommendation

Recommended By
Elroy Jetson

  Respond to of 13775
 
You need to build a wall and make Elmat pay for it LOL



To: TobagoJack who wrote (2049)3/15/2019 2:56:32 AM
From: elmatador1 Recommendation

Recommended By
Elroy Jetson

  Read Replies (1) | Respond to of 13775
 
Welcome to the thread TJ. We all knew you were missing a good discussion.

Where Spying Is the Law
China requires its citizens and corporations to conduct espionage for the state.
Did Huawei comply?


By Yi-Zheng Lian

Mr. Lian is a former lead writer and chief editor of the Hong Kong Economic Journal.

March 13, 2019

Last week, the Supreme Court of British Columbia set a hearing date in extradition proceedings against Meng Wanzhou, the chief financial officer of the Chinese telecom giant Huawei, bringing her one step closer to being sent to the United States for trial. This is a make-or-break moment for Huawei’s international ambitions — and perhaps China’s — if only because the company is widely tipped to lead the world in soon-to-debut fifth-generation (5G) technologies.

Ms. Meng was arrested in Canada late last year on behalf of the American government, which has charged her with fraud and violating sanctions against Iran. But the United States’ beef against her goes deeper than any Iran connections and will have strategic significance well beyond her fate.

Huawei describes itself as a private, employee-owned business committed to bringing digital technology to the world. Some question that characterization, and the United States government sees the company as an arm of the authoritarian Chinese state, beholden to the interests of the Chinese Communist Party (C.C.P.). In that view, China’s objective is global dominance, and major Chinese companies like Huawei — nurtured strategically, richly resourced and now successfully embedded in the West — are commercial concerns on a political mission.

Apart from the charges against Ms. Meng, in January the United States filed an indictment against Huawei for multiple offenses, including the systematic theft of intellectual property. The American government has been warning allies that the company has developed critical capabilities to carry out cyberespionage worldwide. Congress has banned the use of Huawei products in federal projects for fear of compromising national security. (Huawei has responded by filing a suit last week against the United States over the restrictions.)

With these moves, the United States may be hoping to protect the interests of American tech companies, but that doesn’t mean it’s wrong about the threat of Chinese spying. That’s real, and laid out in the open: Just look at China’s 2017 National Intelligence Law.

The N.I.L. is no standard security and spying legislation, concerned principally with preventing the leak of state secrets. Its main thrust isn’t protective; it’s proactive. “All organizations and citizens shall support, assist and cooperate with national intelligence efforts according to the Law,” it says. (I know of no official English version; this is my translation, based partly on several others.) Another provision is even more explicit: The state institutions tasked with enforcing the N.I.L. — which also oversee all intelligence and espionage activities, civilian and military — “may demand that relevant organs, organizations and citizens provide necessary support, assistance and cooperation.” Spying for the state is a duty of the citizens and corporations of China under the law, much like paying taxes.

The N.I.L. offers enticements for compliance: “The state gives commendations and rewards to individuals and organizations that make major contributions to national intelligence efforts.” In its January indictment against Huawei, the United States claims that the company systematically gives bonuses to employees who pilfer intellectual property from foreign companies.

The N.I.L. leaves little room for opting out. “Obstructing the work” of China’s intelligence institutions is punishable and may be a criminal offense. Those institutions are entitled to “have priority use of, or can lawfully requisition the transportation or communications tools, premises and buildings of state organs, organizations or individuals” — and “when necessary,” set up “relevant work sites and equipment within them.” In other words, installing a back door in Huawei hardware to collect foreign intelligence would have a firm basis under Chinese law.

During an interview with CBS last month, Ren Zhengfei, the founder and chief executive officer of Huawei, was asked if he had “ever given any information to the Chinese government, in any way, shape or form?” Mr. Ren — who is also Ms. Meng’s father, as well as a veteran C.C.P. member and a former officer of the People’s Liberation Army — answered: “For the past 30 years, we have never done that, and the next 30 years to come, we will never do that.”

The Chinese government has come to the defense of Ms. Meng and Huawei, aggressively. Calling for Ms. Meng’s release in December, it threatened, “ otherwise Canada must accept full responsibility for the serious consequences caused,” and later arrested two Canadians in China on espionage charges. When Canada, in turn, asked for the Canadians’ release, China accused it of double standards and “ white supremacy.” Last week, China banned the import of canola from one of Canada’s biggest producers. The Chinese foreign ministry has also called the American charges against Ms. Meng and Huawei politically motivated and “ immoral.”

Might quieter, behind-the-scene diplomatic maneuvering be more effective at saving Ms. Meng and helping Huawei? Probably. But a more discreet approach would be suitable only if Huawei were more or less an isolated case. If it isn’t, then when the Chinese government stands up visibly for an operative that is under threat, it is signaling to Chinese individuals and corporations the world over that it will also help them should they get into trouble while in the line of spying duty. This, too, is in keeping with the N.I.L., which provides that “the relevant state departments shall employ the necessary measures to protect or rescue” any person (or a close relative) who “has established cooperative relationships” with the state intelligence institutions and who is “threatened as a result of assisting” them.

The United States authorities are correct to point out that Huawei can perform critical commercial, military and diplomatic espionage; actually, Chinese law explicitly requires it to. Yet the law is so stunningly blatant that it may be difficult to take in fully, especially for some in the West.

Discounting the United States’ warnings, Britain, Germany, India and Italy seem to be leaning toward using Huawei hardware in their communications infrastructure. Some countries want to upgrade to 5G quickly and cheaply; Huawei can help with that; they see no obvious back door in its systems. In this, they are much like prey before a trap that’s empty and who doubt there ever was a trapper who laid it out.

Yi-Zheng Lian, a commentator on Hong Kong and Asian affairs, is a professor of economics at Yamanashi Gakuin University, in Kofu, Japan, and a contributing opinion writer.

The Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Here are some tips. And here’s our email: letters@nytimes.com.

Follow The New York Times Opinion section on Facebook, Twitter (@NYTopinion) and Instagram.



To: TobagoJack who wrote (2049)3/15/2019 5:09:13 AM
From: elmatador  Respond to of 13775
 
With this level of support Huawei gets from the chinese government, it has to pay back for it...



csis-prod.s3.amazonaws.com



To: TobagoJack who wrote (2049)5/20/2019 5:56:33 AM
From: elmatador  Respond to of 13775
 
Tj is going to closer that thread. All that I said was going to happen, is happening.



To: TobagoJack who wrote (2049)8/12/2019 8:55:31 AM
From: elmatador  Respond to of 13775
 
didn't see it coming in 2014...

the students are protesting everything

but at the end of day they wish to exercise political power without having to earn it, in contrast to ancient greek democracy

Message 29748345

History repeat itself...



To: TobagoJack who wrote (2049)8/14/2019 3:53:53 PM
From: Elroy Jetson  Read Replies (1) | Respond to of 13775
 
Exclusive: China has Halted Gold Imports since May to stop Chinese residents from moving their savings offshore

Until May 2019 China was the world’s biggest importer of gold, sucking in around 1,500 tonnes of metal worth some $60 billion last year, according to its customs data.

As the Yuan fiat currency imploded in April and declined by more than 10% China halted gold imports to stop the outflow of savings from China.

If China's trade war worsens, bullion industry sources with direct knowledge of the matter told Reuters, the Party is considering the confiscation all private gold holdings in a move aimed at stabilizing the Yuan as economic growth slows.

For those living under the control of China's Communist Party it's the end of the world as they knew it.
.

Four gold refiners in China still retain permits to import semi-pure gold concentrate. It is not known if China's government is allowing these companies to sell the refined gold within China, or only for export.

The Chinese central bank did not respond to a written request for comment.

China last restricted gold import quotas in 2016 after the yuan weakened sharply, bullion bankers said. But not to this degree. It’s “unprecedented,” said an industry source in Asia, "The price of gold in China currently sells at a premium to the price elsewhere."



To: TobagoJack who wrote (2049)8/15/2019 7:29:10 AM
From: elmatador  Respond to of 13775
 
Hong Kong Adds $2.4 Billion in Stimulus as Protests Hit Economy

By Eric Lam and Jinshan Hong

Financial Secretary Paul Chan announcing stimulus measures


Economy hit by unrest seen barely expanding this year


Hong Kong’s government announced a stimulus package worth more than $2 billion and said the economy will struggle to grow at all this year amid the ongoing political unrest.



To: TobagoJack who wrote (2049)10/24/2019 7:45:38 AM
From: elmatador  Respond to of 13775
 
Gone is Freedom Rock. The days of hyper growth gone forever. It was good while it last.

It a brave new world post the Chinese Era...



To: TobagoJack who wrote (2049)1/11/2020 9:53:46 AM
From: elmatador1 Recommendation

Recommended By
louel

  Respond to of 13775
 
And TJ still venting about the arrest of Meng instead f let the law take its course.

Extradite. Trial. Pay billion dollar fine and leave back to China.



To: TobagoJack who wrote (2049)2/24/2020 6:09:19 AM
From: elmatador  Respond to of 13775
 
In the meantime I intend to check on S Africa for 30-days assuming the border remains open to HK residents at beginning of March.

TJ decamps to Africa in the footsteps of his daughter, who is in South Africa with her mother.

Let's hope airlines are flying off HK for him to come to Africa and enjoy...



To: TobagoJack who wrote (2049)5/30/2020 3:13:38 AM
From: elmatador  Respond to of 13775
 
South Africa Investor Residency

Inclusion of Family Members: South Africa Investor Residency

The immigrant investor can include his/her immediate family members in the application. Immediate family is defined to include persons within the second step of kinship.

Normally, the investor can include the following family members:
  • Spouse
  • Dependent children

investmentimmigration.com.

TJ,my hint to you to come join Elmatador here in Africa...



To: TobagoJack who wrote (2049)8/18/2020 8:06:46 AM
From: elmatador  Respond to of 13775
 
Dr. Voodoo seems to have decamped to develop Covid drugs in China...



To: TobagoJack who wrote (2049)10/25/2020 2:55:35 PM
From: elmatador  Respond to of 13775
 
Would Team China want to go vegetarian?

China’s Appetite for Beef Is Insatiable, Brazil Producer Says
By Tatiana Freitas and Isis Almeida

23 de outubro de 2020, 16:17 WEST Updated on 24 de outubro de 2020, 01:00 WEST
Demand seen increasing as population moves to cities

Chinese pig herd recovering after African swine fever



Cattle on a ranch operated in Brazil. Dado Galdieri/Bloomberg

China will need more beef imports as its demand continues to grow, according to the world’s second-largest producer.

While some market watchers have started to question whether Chinese meat imports will continue to increase as the nation’s rebuilding of its pig herd accelerates, Marfrig Global Foods SA says the African swine fever’s effect on China’s beef demand is likely to remain through 2022. After that, demand will keep rising as the rural population moves to cities and China adopts more western eating habits.

“Everything suggests the Chinese phenomenon is here to stay,” Miguel Gularte, Marfrig’s chief executive officer, said in an interview. “Each 100-gram gain to China’s per capita consumption means additional imports of 2,000 tons. Demand will keep rising on higher incomes.”

Growing AppetiteChina's increasing demand for Brazilian beef pushes exports to new highs

Source: Brazilian Trade Ministry

The potential is clear when comparing the Chinese pork per capita consumption of 47 kilograms (104 pounds) a year with beef consumption of 5 kilograms, according to Gularte.

While recent figures show a fast recovery of the Chinese pig herd, pork supplies are expected to keep falling next year. The Asian nation will continue to be the biggest customer for South American supply, accounting for more than 70% of the region’s beef exports, and about 60% of Brazil’s.

The increased sales to China have helped send Marfrig shares up 47% this year, while benchmark index Ibovespa declined 12%. The company has the best performance among global meat processors in six months.

Brazil’s beef shipments slowed down last month, with the average price in dollar terms falling form a year earlier for the first time in 2020, including to China, government data show.

Meanwhile, emerging economies, encouraged by weak currencies, will continue to divert a great part of their production to export markets. In Brazil, strong exports will help meat processors offset falling domestic demand amid an economic crisis and the end of a monthly government stipend which has helped to support food consumption, he said.

So far, the government aid program is “working well,” helping to support wholesale demand, while food service sales have shown a strong rebound. In the past couple weeks, it reached 90% of Marfrig’s daily average sales before the Covid-19 pandemic, according to Gularte. The government’s massive program, which had reached around 30% of the population, is expiring at the end of the year.

“Any supply surplus will be directed to exports, and when you talk about exports you mean China.”

— With assistance by Dominic Carey



To: TobagoJack who wrote (2049)10/27/2020 2:27:46 AM
From: elmatador1 Recommendation

Recommended By
pak73

  Respond to of 13775
 
Over 1m people could come to UK from Hong Kong within five years – official estimate

From January 2021, those with British national (overseas) status can apply for new visa


The departure gates at Hong Kong international airport. Photograph: Liau Chung-ren/Zuma Wire/Rex/Shutterstock

Jamie Grierson Home affairs correspondent
@JamieGrierson

Thu 22 Oct 2020 14.06 BST

More than 1 million people from Hong Kong could emigrate to the UK in the next five years under a new visa, including 500,000 in the first year, according to official estimates.

The new route would allow holders of British national (overseas) (BNO) status and their immediate families to apply for entry visas from January 2021, for either two periods of 30 months or a single period of five years. After five years they can apply to settle in the UK, and for citizenship after a further 12 months.

An economic impact assessment by the Home Office gives a “high” range estimate of 500,000 people with BNO status and their dependants arriving in the UK in the first year, with more than 1 million over five years. Total immigration to the UK in the year ending March was 715,000. There will be no quota on the numbers of visas granted.



To: TobagoJack who wrote (2049)10/28/2020 2:52:53 PM
From: elmatador  Respond to of 13775
 
Brazil soars to China's No. 3 crude oil supplier in Sept
Brazil jumped to China's third-biggest crude oil supplier in September, import data showed on Sunday, as China's independent refiners scooped up cheap supplies of the South American exporter's relatively high quality oil.
Imports from Brazil hit 4.49 million tonnes, up from 2.96 million tonnes a year earlier, data from China's General Administration of Customs showed. Brazil overtook Iraq, which fell to fifth-biggest supplier.

China's January-September imports from Brazil were 33.69 million tonnes, up 15.6% from a year earlier, according to Reuters calculations based on the data. China makes up 70% of Brazil's oil exports, the country's state oil firm Petrobras said in July.

Saudi Arabia regained the top spot in China's oil purchases last month after losing that rank to Russia for the previous two months, data showed.

Imports from the kingdom were 7.78 million tonnes, equivalent to 1.89 million barrels per day (bpd), up from August's 1.24 million bpd.

Russia supplied 7.48 million tonnes last month, or 1.82 million bpd, up 18.6% from a year earlier and up 32.8% from August, according to Reuters calculations.

For the first nine months of 2020, Russia remained the top seller with supplies totalling 64.62 million tonnes, 16% above year-ago level. Saudi Arabia trailed at 63.57 million tonnes, which was 6.5% higher on year.

U.S. shipments soared to 3.9 million tonnes in September, versus a year-earlier 517,982 tonnes.

China snapped up 13% more crude in the first nine months than a year earlier, as refiners ramped up production to meet speedy demand recovery from the pandemic and stock up at record rates on cheap oil.

(tonne = 7.3 barrels for conversion)

(Reporting by Muyu Xu in Beijing and Chen Aizhu in Singapore; Editing by William Mallard)




To: TobagoJack who wrote (2049)10/28/2020 2:55:21 PM
From: elmatador  Respond to of 13775
 
Brazilian iron ore mining giant Vale has struck a deal with Chinese state-owned port operator Ningbo Zhoushan Port to create additional capacity to handle iron ore shipments at Shulanghu Port as it moves to increase its market share in China.

https://sg.news.yahoo.com/brazil-mining-giant-vale-agrees-023727488.html

Taking market from the Australians...



To: TobagoJack who wrote (2049)11/2/2020 7:24:21 AM
From: elmatador  Respond to of 13775
 
Germany refuses to turn a 'blind eye' to China, teams up with Australia

German officers are expected to be deployed with the Australian Navy and a German frigate will patrol the Indian Ocean under Berlin's plan to manage China's influence in the Indo-Pacific region.

Annegret Kramp-Karrenbauer, the German Defence Minister, said the Indo-Pacific had become crucial to the world’s well-being.

"We believe that Germany needs to mark its position in the region," she said in an exclusive interview.


German Defence Minister Annegret Kramp-Karrenbauer [c] with the European Union's defence ministers in August. CREDIT:AP

Kramp-Karrenbauer, popularly known by her initials AKK, said that Europe had become increasingly aware of China's economic agenda and geopolitical tactics in the past year.

"China is an important trading partner for Germany and we have strong economic ties which are in the interest of both sides," she said.

"At the same time, we do not turn a blind eye on unequal investment conditions, aggressive appropriation of intellectual property, state-subsidised distortion of competition or attempts to exert influence by means of loans and investments."

In 2018 the 58-year-old became the secretary general of the Christian Democratic Union, Germany's largest political party. Subsequently she was touted as a successor to Chancellor Angela Merkel. However, in February she announced she would not run for chancellor in the expected 2021 election and would relinquish the party leadership.

Kramp-Karrenbauer is the first German minister to confirm publicly that restrictions on Chinese telecommunications giant Huawei would effectively exclude the company from Germany's 5G network.

"Germany is, in principle, open to investment from all sides. But if the technology offered to us is not beyond reproach, it cannot be used," she said.

"The political ramifications would simply be too grave. China is a country that understands very well the political dimension of IT networks and data flows. I am sure our counterparts in Beijing understand that we Europeans can only operate technology we trust."

Australia was the first western country to ban Huawei over national security concerns in 2018. The United States and Britain have since followed suit.

Kramp-Karrenbauer will speak at a virtual Australian Strategic Policy Institute event co-hosted by the Konrad-Adenauer Stiftung foundation on Thursday evening alongside Australia’s Defence Minister Linda Reynolds.

She said a German naval presence in the Indo-Pacific would help to safeguard the rules-based international order. The region stretches from the Indian Ocean to the Coral Sea and includes India, China, Japan and Australia.

Exclusive China relations
With 'great concern': Germany watching Australia-China relationship

"We hope to be able to deploy next year," she said. "We will be spending more on defence in 2021 than in 2020 despite the fact that [coronavirus] has hit our budgets. Now the key is to translate this into real muscle."

Kramp-Karrenbauer would not comment specifically on whether the frigate would conduct freedom of navigation exercises in the South China Sea, where China has made territorial claims that are disputed by countries across Asia, the European Union, Australia and the US.

"Given the rising security challenges in the Indo-Pacific region, it is my goal to intensify our bilateral and multilateral collaboration. That could include, for example, the embarkation of German officers on Australian Navy units – a project that is being negotiated as we speak," she said.

Germany is working within NATO to expand relations with like-minded states such as Australia in the Indo-Pacific, Kramp-Karrenbauer confirmed. The alliance has historically involved 30 North American and European countries.

"We share the same values, principles and interests. As a consequence, we stand united against those who challenge us," she said.

"I am convinced territorial disputes, violations of international law and China’s ambitions for global supremacy can only be approached multilaterally."

The comments by Kramp-Karrenbauerare are the most direct by a German or European minister on China to date. China is Germany's largest trading partner and Germany has historically opted for a more cautious foreign policy and defence outlook since World War II.

Merkel has faced criticism from German MPs and within her party for not speaking out strongly enough on Beijing’s new security law imposed in Hong Kong and the detainment of Muslim Uighurs in Xinjiang.

Europe is also increasingly concerned about the future of Taiwan after Beijing imposed new national security laws on Hong Kong, increased its military presence in the Taiwan strait and released a stream of propaganda videos preparing the Chinese public for a potential invasion.

The Chinese Communist Party reinserted the word “peaceful” in its desire to unify with Taiwan through its Five Year Plan last week, after omitting it in May.

The United States is pushing forward with the sale of as many as seven major weapons systems to Taiwan, according to people familiar with the discussions, despite opposition from China.

"Anything outside a peaceful settlement of issues across the Taiwan Strait would be seen as a major failure of statecraft," said Kramp-Karrenbauer. "A purely military logic in this confrontation would produce only losers."

The Defence Minister, who was member of the German Bundestag for almost two decades and the head of her state of Saarland between 2011 and 2018, said that China's own recent actions, rather than increasing pressure from the United States, had triggered a "rethink across Europe".

"What will be crucial, regardless of the outcome of the [Wednesday AEDT] US presidential election, is whether the West can be more unified in its dealings with Beijing," she said.

"We have always had our tiffs across the Atlantic. That won’t change. What’s key is that we get the big stuff right. China is big stuff."



To: TobagoJack who wrote (2049)11/2/2020 8:34:20 AM
From: elmatador  Respond to of 13775
 
China plans to send more business to Brazil. Plans to ban sugar from Australia.

Than when production of sugar dropped in India and Thailand in this 2020 harvest while Brazil sugar exports increased .

Exports of raw cane sugar more than doubled, from US $ 420.36 million (September / 2019) to US $ 888.38 million, an increase of 111.3%.

The largest Brazilian sugar importers were China (US $ 159.90 million; + 230.3%), India (US $ 73.76 million; + 474.0%), Bangladesh (US $ 72.02 million; +207 , 4%), Indonesia (from $ 0 in September 2019 to $ 64.10 million in September 2020).



To: TobagoJack who wrote (2049)11/21/2020 5:54:13 AM
From: elmatador  Respond to of 13775
 
Chinese President Xi Jinping has just had an epic foreign-policy failure—he just doesn’t appear to have realized it yet.
How Xi Jinping Blew It
Public opinion toward China has darkened, and with Joe Biden set to become president, there is little prospect of Beijing fixing its mistake.

MICHAEL SCHUMANNOVEMBER 19, 2020

Like Neville Chamberlain’s appeasement of Adolf Hitler or George W. Bush’s invasion of Iraq, Chinese President Xi Jinping has just had an epic foreign-policy failure—he just doesn’t appear to have realized it yet.

Through four years of Donald Trump’s presidency, Xi had a once-in-a-lifetime opportunity to significantly, and perhaps permanently, expand Chinese influence around the world at America’s expense. By angering friend and foe alike, withdrawing from global institutions and agreements, and failing to tackle the coronavirus pandemic, Trump left the world ripe for a new leader to step into Washington’s worn shoes. Some were convinced this was China’s moment. “Sadly, the art of diplomacy has been lost in Washington D.C.,” the former Singaporean diplomat Kishore Mahbubani wrote earlier this year. “This has created a massive opening that China has taken full advantage of, on its way to victory over the post COVID-19 world.”

But Xi blew it. A recent Pew Research Center global survey revealed that attitudes toward China have drastically darkened in a number of countries, sinking to all-time lows in an array of nations such as Canada, Germany, South Korea, Spain, Sweden, and the United Kingdom. Xi himself didn’t fare any better. Though his image around the world is still a bit better than Trump’s, a median of 78 percent of respondents said they had little or no confidence that Xi would do the right thing in global affairs, a sharp spike from 61 percent in 2019. In almost all of the 14 countries included in the report, negative opinion of Xi reached the highest levels on record. With Joe Biden about to become the next U.S. president, Xi may have lost any chance of fixing his mistakes, and the consequences for China’s role in the world could be huge.

This disaster underscores how China’s political system is ill-suited for the role of global superpower. Beijing is undoubtedly more powerful than it was in January 2017, when Trump entered the Oval Office, yet what is perhaps not fully understood is how much stronger it could have been. Power is about more than simply military might, financial leverage, or economic size—it includes the exertion of a softer form of influence, whereby countries follow a hegemon’s example not because they are forced to, but because they want to. A pillar of Pax Americana has been the ideals it has traditionally promoted, including free speech and free trade, that appealed to other societies.

Xi is not unaware of the importance of “soft” power when it comes to global influence. He has called on the Chinese to market their own traditions and values around the world as a way of building the country’s international stature. Historically, cultural bonds were crucial to sustaining Chinese dominance in East Asia. Yet China has more recently defaulted largely to coercing rather than coaxing, imposing its terms abroad, and leaving a bitter taste for those who are forced to agree to Beijing’s demands.

The problem is that China’s leadership is too consumed by domestic concerns, and too insecure in its standing at home and abroad, to allow its diplomats to do their jobs with the deftness and flexibility to exploit opportunities. That means China will struggle to take over the role the United States has played in the world for the past seven decades.

Of course, they’ve tried. China now sits at the center of a substantial Asian trade bloc with the completion of the Regional Comprehensive Economic Partnership, filling space emptied when Trump withdrew the U.S. from the Trans-Pacific Partnership, a pact that would have solidified the American economic presence in Asia. Chinese leaders have attempted to capitalize on the coronavirus pandemic to promote themselves as more responsible global citizens. The state’s propaganda machine relentlessly mocked Trump for his inept response to the outbreak and touted Beijing’s own virus-fighting success as evidence that its governance system was a superior model for the world. While Trump pulled the U.S. out of the World Health Organization, Xi joined its program to provide a vaccine to poor nations.

Overall, this marketing effort has failed. In the Pew survey, a median of 61 percent of respondents thought China did a bad job handling the virus. But more important, whatever good Beijing did was reversed by its belligerence in other diplomatic disputes. After a nasty June brawl along the contested China-India border left 20 Indian soldiers dead, New Delhi responded by banning WeChat, TikTok, and other Chinese tech services, while the Indian public staged anti-China protests and boycotts of Chinese products. The U.K. was furious over a national-security law Beijing imposed on Hong Kong this summer to squash the city’s prodemocracy movement. Boris Johnson’s government believes the law violates a treaty the two countries signed regulating the former British colony’s handover to Chinese authority. And in disagreements with Canada and Australia, the Chinese government has blocked imports and effectively taken their nationals in China hostage. Michael Kovrig, a former Canadian diplomat, has been locked up in China for more than 700 days in retaliation for Ottawa’s arrest of a Huawei executive at Washington’s request on allegations of fraud. The Chinese even managed to anger more sympathetic African countries when Africans living in China faced severe discrimination during the coronavirus outbreak.

Often, Chinese diplomats and state media hurl insults and threats at their critics. In August, when a Czech politician led a delegation to Taiwan, which Beijing still claims as a runaway province, Chinese Foreign Minister Wang Yi warned that his government “will make him pay a heavy price for his short-sighted behavior and political opportunism,” a threat that received a sharp rebuke from the Czechs, and even a protest from usually mild-mannered Germany. Hua Chunying, spokesperson for China’s Ministry of Foreign Affairs, once tweeted that Washington’s campaign to contain China “is as futile as an ant trying to shake a tree.” The Global Times, a Communist Party–run newspaper, warned that Australia “risks becoming the ‘poor white trash of Asia’” by curtailing economic ties with China, while its editor called the country “chewing gum stuck on the sole of China’s shoes.” (It will come as little surprise, then, that Australians’ opinion of China has turned starkly negative. In the Pew survey, 81 percent held an unfavorable view of China, up from 57 percent the year before.)

It may seem bewildering that the leadership in Beijing, which so badly desires international respect and acclaim, would pursue a foreign policy so obviously not winning friends and influencing people—and even more baffling that it persists in that policy despite its many missteps.

The only way to understand this behavior is through a Chinese lens. Beijing’s aggressive foreign policy is an outgrowth of the government’s insecurity and confidence. On one hand, the Communist Party is always mindful of its standing at home. There, its propaganda has crafted a narrative of China as a victim of foreign predation whose time has come to stand tall once again on the world stage (under the firm guidance of the party). That almost requires Beijing to take a hard stance in foreign disputes—anything less might be perceived as unacceptable weakness. On the other hand, China’s growing economic clout has convinced Beijing policy makers that they possess the power to assert their will over other countries.

“Ultimately, the Chinese care first and foremost about stability and legitimacy at home, and they seem to be confident enough about China’s growing capabilities and its ability to influence the policies of other nations, in part through imposing fear of retribution,” Bonnie Glaser, the director of the China Power Project at the Center for Strategic and International Studies, explained to me. “They just believe that over time … countries will accommodate China and show deference to China.”

So far, though, China’s policy is achieving the opposite: not merely alienating foreign governments, but possibly driving them together. For instance, a loose partnership known as “the Quad,” comprising four countries with grievances toward and concerns about China—Australia, India, Japan, and the United States—could be coalescing into a more formal anti-China bloc in Asia. The foreign ministers of the four nations met in Tokyo in early October and China was a topic of discussion, especially with firebrand U.S. Secretary of State Mike Pompeo in the room. Such budding coalitions ring alarm bells in Beijing. “China still believes that under most circumstances, it can divide and conquer,” Glaser added, “but it does have some concern today of the potential for countries to come together to work against China.”

Still, Beijing doesn’t appear concerned enough to do much about it. There are few signs that Beijing is reassessing its foreign policy. To commemorate the 70th anniversary of China’s entry into the Korean War in late October, Xi chose to deliver a fiery, nationalistic address. “Seventy years ago, imperialist invaders brought the flames of war burning to the doorway of the new China,” he said. “The Chinese people have a deep understanding that in responding to invaders, one must speak to them in a language that they understand.”

Even if Xi changes course, it may be too late. A well-known and well-liked president in Biden is likely to repair relations with America’s traditional allies in Europe and Asia, and even worse from Beijing’s perspective, he has already pledged to forge an international coalition to take on China. He also intends to reengage with the world in ways that could close off space for China, promising to rejoin the WHO and the Paris climate accord. “When I’m speaking to foreign leaders, I’m telling them: America is going to be back,” Biden tweeted after his election. “We’re going to be back in the game.”

And an unpopular Xi and his band of angry diplomats have left the world wide open for America’s return.

We want to hear what you think about this article. Submit a letter to the editor or write to letters@theatlantic.com.

MICHAEL SCHUMAN is the author of Superpower Interrupted: The Chinese History of the World and The Miracle: The Epic Story of Asia’s Quest for Wealth.



To: TobagoJack who wrote (2049)12/21/2020 12:29:03 AM
From: elmatador  Respond to of 13775
 
China needs access to the world more than the world needs access to China.

FT: Factories across China are falling silent and office workers are being forced to climb the stairs of high-rise buildings as a ban on Australian coal worsens a power shortage that is hitting everything from street lights to lifts.

In recent weeks, more than a dozen Chinese cities have imposed restrictions on electricity use as growing demand for energy owing to the country’s post-coronavirus economic recovery collides head on with a shortage of thermal coal. The shortage underscores the dilemma Chinese authorities face in balancing their muscular approach to international diplomacy with the needs of the economy.

...“The import curb is enough to change the industry landscape,” said a director at China Huadian Corporation, one of the nation’s largest energy groups. “Many local power plants depend on Australian coal due to its higher efficiency and now they are having trouble finding an alternative.”

...Authorities in at least four Chinese provinces have recently asked residents and businesses to cut electricity consumption, according to public announcements.


https://www.linkedin.com/posts/shannon-brandao_politics-come-first-as-ban-on-australian-activity-6746653183679983616-Pa_Y



To: TobagoJack who wrote (2049)12/21/2020 12:41:34 AM
From: elmatador  Read Replies (1) | Respond to of 13775
 
‘Politics come first’ as ban on Australian coal worsens China’s power cuts

Factories and street lights shut down to save energy as embargo contributes to shortages

Chinese energy and industrial groups say problems with electricity supplies are partly due to an embargo on Australian coal imports © AP

Factories across China are falling silent and office workers are being forced to climb the stairs of high-rise buildings as a ban on Australian coal worsens a power shortage that is hitting everything from street lights to lifts.

In recent weeks, more than a dozen Chinese cities have imposed restrictions on electricity use as growing demand for energy owing to the country’s post-coronavirus economic recovery collides head on with a shortage of thermal coal. The shortage underscores the dilemma Chinese authorities face in balancing their muscular approach to international diplomacy with the needs of the economy.

Chinese energy and industrial groups have said the problem is partly due to an embargo on Australian coal imports, which many power plants in the country depend on, as tensions between Beijing and Canberra simmer.

“The import curb is enough to change the industry landscape,” said a director at China Huadian Corporation, one of the nation’s largest energy groups. “Many local power plants depend on Australian coal due to its higher efficiency and now they are having trouble finding an alternative.”

The problem has worsened as a rebound in China’s economy has gained momentum in the past few months.

Authorities in at least four Chinese provinces have recently asked residents and businesses to cut electricity consumption, according to public announcements.

We are not living a normal life when our factory can only work two days a week and the streets are dark at night Mike Li, factory owner
Officials in Hunan, central China, announced this month that government agencies would cut their electricity use and half of the province’s street lights would be turned off at night to tackle “tightening” power supplies.
ELMAT China is going South Africa implementing load shedding

Dozens of high-rise buildings in Changsha, the provincial capital, last week switched off power to their lifts, forcing workers to climb up to 20 flights of stairs to get to their offices.

“I've never had so much trouble going to the office,” said a Changsha-based office worker, who did not want to be identified because of the sensitivity of the subject. He was trapped in a lift for 40 minutes last week because of a power shortage.

Yiwu, a city in eastern China known for making products such as flags and badges, has not only switched off all its street lights during the evening but has forced factories to cut working hours by up to 80 per cent until the end of this year.

“We are not living a normal life when our factory can only work two days a week and the streets are dark at night,” said Mike Li, owner of a plastic flower factory in Yiwu.

Chinese authorities have blamed these problems on a combination of an unusually cold winter in parts of the country and high energy demand. ELMAT: TJ reads the offical news from China)

Power plants, however, said their operation had also suffered from the suspension of Australian coal imports.

Official data show Chinese plants obtained about 3 per cent of their thermal coal from Australia last year.

The ratio, said an official at trade association the China Electricity Council, could exceed 10 per cent in more developed provinces that are drawn to the high quality of Australian coal. “The import ban doesn’t make economic sense,” said the official. China’s coal mines are also struggling to fill the shortfall because of tightening environmental regulations.

Official data show China’s coal output rose 1.5 per cent year on year in November, compared with a 6.6 per cent gain in thermal power production in the same period.

That combination has hit energy supplies and sent prices soaring. Thermal coal inventories in Qinghuangdao, a big Chinese commodity port, are near a two-year low while prices have surged almost two-thirds since May, according to SunSirs, a consultancy.

That has forced many power plants to cut back on production, but some do not expect a resolution to the issue anytime soon given the parlous state of relations between Australia and China.

“We don’t expect the government to relax import control just because of the trouble it has caused,” said the official at Huaidan Corp. “Politics come first.”

Get alerts on Chinese politics & policy when a new story is published Get alerts Copyright The Financial Times Limited 2020. All rights reserved.

ft.com



To: TobagoJack who wrote (2049)2/8/2021 3:35:22 AM
From: elmatador1 Recommendation

Recommended By
pak73

  Respond to of 13775
 
Karma finally catches up with China’s bloated and self-righteous HNA
(Elmat: A Tale of Return to Natural Size)
Whatever HNA Group Co. lacked, it wasn’t ambition. Some companies aspire to move fast and break things, some to make the best products on Earth; others are content just trying not to be evil. Such mundane goals were never enough for China’s only Buddhist travel conglomerate, which aimed to raise the whole of humankind to a higher plane of prosperity and create world peace.

“As it has developed, HNA has constantly explored how to build a new kind of civilization for mankind,” then-Chairman and co-founder Chen Feng was cited as saying in a 2015 Harvard Business School study. Before he died in an accident while sightseeing in France in 2018, fellow co-founder Wang Jian said he hoped HNA would become a “great enterprise” as, “only then, will [we] be able to develop HNA into a hundred-year company or a thousand-year company.”

HNA didn’t live to be 1,000. Founded in the early 1990s on China’s southern tropical island of Hainan, it found itself in bankruptcy proceedings before the age of 30. There was an air of inevitability about the announcements last weekend by three publicly traded HNA companies that shareholders and affiliates had misappropriated the equivalent of about $10 billion of funds. This is the way it tends to go in China. First comes the explosive growth and the soaring rhetoric. Then, the warnings about excessive debt. Next in this well-worn narrative come asset sales and a government takeover. Finally, the evidence of wrongdoing emerges, and the hunt for scapegoats begins.

Themes old and new resonate in the downfall of HNA. The dangers of hype, hubris and reckless overreach are as ancient as the idea of the joint-stock company itself. Other lessons are more modern, and particular to the environment in which HNA operated.

HNA espoused a corporate culture that combined Chinese traditional values and Buddhist ideals, distributing a list of 10 “commandments” to new employees that included benevolence and humility. An introduction posted on HNA’s website is anything but modest, though, paying tribute to the “miracle” of the group’s two-decade rise from Hainan-based aviation enterprise to global conglomerate.

For HNA, culture was the secret sauce that enabled it to avoid trouble. The group “kept emphasizing culture,” Chen said in the Harvard study. “Every time a global crisis hit in China, we saw it coming and were able to prepare in advance.”

There’s nothing wrong with HNA’s profession of love, devotion and altruism in business. These values are fine, noble even — if perhaps more suited to the priesthood than to corporate strategy documents. They just tell you next to nothing about the real drivers of HNA’s spectacular growth and chances of survival, which had little to do with compassionate hearts and everything to do with political connections.

The real secret sauce behind HNA’s rise was access to cheap money. The complicated business of assessing hurdle rates, internal rates of return and net present values is made a whole lot simpler when capital is almost free. Then, everything is a buy.

This was documented by my Bloomberg Opinion colleague David Fickling in 2016. Parsing a bond prospectus to analyze HNA’s purchase of an aircraft lessor, he calculated that the group was borrowing more cheaply than the U.S. government. It’s a safe bet that most of this came from Chinese state-controlled banks.

Too much free money can be a curse, as Fickling warned prophetically. It breeds complacency. (Elmat:Imagine if Huawei produces a lits of its receivables...) HNA set out a plan for growth: an eightfold expansion in the five years through 2020, another quadrupling in the period through 2025, with more growth envisaged in the decade to follow.
In the beginning, the acquisition binge at least had a veneer of commercial logic, as HNA confined itself to companies related to the travel industry: baggage handlers, airline caterers, hotels. This was soon jettisoned, and the list of targets expanded to include trophy real estate in New York and London, a stake in Deutsche Bank AG, and technology distributor Ingram Micro Inc., in an empire that reached almost $190 billion in assets at its height.

HNA was hardly blind to the dangers of such rapid expansion. In the Harvard study, titled “HNA Group: Global Excellence with Chinese Characteristics,” Chen set out one of the less robust risk-management systems in the annals of corporate history: “Where on this Earth is there not risk? There is risk everywhere. It just depends on your destiny. If your luck is good, then you will overcome the risks.”

Executives clearly felt they were smart enough to dodge the bullets. “Smart” is a word that recurs in the vocabulary of HNA’s leaders, as my Bloomberg Opinion colleague Anjani Trivedi has noted. “We try to be a smart investor,” Guang Yang, chief investment officer of HNA Capital, the group’s finance arm, told the Wall Street Journal in 2017. “We’re not different from, let’s say, some of the best private-equity funds.”

There are echoes here of Enron’s “smartest guys in the room.” The notorious U.S. energy trader also outlined a grand vision that was at odds with the more prosaic and perhaps sordid reality of how it made money (or pretended to). In Enron’s case, it evangelized for the cause of free markets. Behind the scenes, it lobbied politicians to deregulate energy markets that it could then manipulate.

To be sure, there has been no suggestion of accounting fraud at HNA on a scale to compare with Enron. Still, the two companies in some ways are mirror images, both reflecting the zeitgeist of their time and place. While Enron championed the U.S. creed of deregulation, HNA couched its corporate mission in pseudo-communist rhetoric. “By incorporating traditional Chinese culture and integrating Chinese socialist values with a world-class management system, (Elmat: sounds like TJ talk) HNA fosters a corporate culture befitting both Chinese and western society,” the company says on its website. Its “10 commandments,” “three mores, two lesses, and two hearts,” and “four commons” are forms reminiscent of Communist Party mass campaigns. In both cases, byzantine complexity and lack of transparency obfuscated less salubrious realities.
Predictably, conditions changed for HNA. China’s central authorities became increasingly alarmed by the overseas adventures of debt-addicted conglomerates, (Elmat: China fears the Chinese economy will be bigger outside China as China returns to Natural Size) and started to pare back leverage. Capital became more expensive. The pandemic was the coup de grace. Any aviation-based business would have struggled to survive such a blow without support. For HNA, that support wasn’t forthcoming, raising the question of what changed.
Here, we bump up against the enduring conundrum for HNA, as for any enterprise of significant size in China: Who owns it? Not, necessarily, whose name is on the corporate register, but who really owns it, (Elmat: which brings to mind the ownership of Huawei) what are their political connections, and how strongly do these stand in the power structure? These questions, so salient to a company’s value and future prospects, often go unanswered, and perhaps are unanswerable. They have hung over HNA’s global ambitions.
Unlike Enron, HNA is unlikely to disappear. It will be reincarnated in some form, though as a radically different beast — pared down, refocused on its core business of airlines and related services, and shorn of its ragbag of disparate acquisitions. That’s one advantage of being Buddhist: At least you get to try again.

economictimes.indiatimes.com



To: TobagoJack who wrote (2049)5/25/2021 5:30:08 AM
From: elmatador  Respond to of 13775
 
@elonmusk
Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising.

@coelhoosvaldo3
We build solar and wind in Namibia for metal miners. Given the good Namibia's regulatory frame work we can build for Bitcoin miners too.
Currently we are building lots of renewable plants in LATAM for copper producers Chile, Peru and Bo



To: TobagoJack who wrote (2049)8/13/2021 3:55:42 AM
From: elmatador  Respond to of 13775
 
TJ what is your take on China crackdown on business?



To: TobagoJack who wrote (2049)3/6/2025 5:20:34 AM
From: elmatador  Respond to of 13775
 
I visited you Thread.

It is not looking good