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Unfortunately just because Beijing lost, doesn't mean the people of HK won. There is no winner in this. |
First arrest has been made, 16 hours after the law being put in place |
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Considering what a dickhole this guy sounds like, I wouldn't put it past him "proudly" sharing a fake ID of some sort, and just doing visa runs until they decide to stop letting him come back... Or maybe he got a really damn good immigration lawyer? Because honestly, before retiring, Japan would be my #1 destination to move to. If it was feasible at all, I would literally be planning it starting today. |
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You can call me many things and I won't get mad, just don't call me a banker LUL |
Another one Some very obvious arrests being made, some with very obvious "foreign influence" connections :considered: |
Ya I'm thinking this is just fake news to scare hongers The fact hkpf is posting it just adds to the sus |
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And another one |
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I also think this new security law will more like the law in China where if they caught you just saying something/suggesting something bad about the HK/China gov, or even discuss the wrong doings IE police beating up an 80 year old man for no reason, they can use that as an excuse and arrest you. Basically if the police/gov want they will use any excuse and said what you did/say/discuss/post online is against the security law (causing harm to the harmony society). Didn't a bunch of university clubs, other organization who goal was for HK independence was disband right after the HK gov announce the new security law? To be honest who will go against China now? With CoVI19 most western countries have spend too much to restore its country (handouts, reduce tax, increase debt) facing great depression who will go and say no to China and actually do something about it? Not to mention over 80% of the world PPE is made in China so China can easily deny you access to PPE and your country are fuck lol. The states are in such terrible shape (thanks to Trump) and the EU in massive debt, Africans country in China's pocket there isn't really anyone with a backbone to stand against China. Don't even mention Canada we literally let China row all over us without even putting a fight. |
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The world is pretty much on pause for now, as far as international relations go. That's part of why things like this happened so quickly. |
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Got a friend in Hong Kong who have been deciding if she should immigrate to Taiwan for awhile. Finally she decided to immigrate this year. She just lost faith in Hong Kong government after all this. |
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Every other countries's government central banks basically drop their pants to help the economy recover but China has been quite resilient in that regard. Minimal handouts and the old tough love approach that China likes to impose on their citizens. I hope the rest of the world don't underestimate China's rebound like they did with the virus. As much as it seems like I defend China, them dominating the world is a serious cause on concern both economically and morally. |
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I would say definitely more sanctions from more countries besides USA are going to take place. EU is getting ready for it as you saw in a previous tweet here. UK is planning on forming their own this summer. The question is, how tough will these sanctions be? CCP has a lot of officials with ties around the world through themselves and family members. Right now, USA is cutting off visas of these family members. If UK, Australia, EU, and Canada to the same, it will be devastating. I've said a million times that they are becoming more and more insular, and shunning the rest of the world. I've used North Korea as an analogy. With heavy sanctions like this, it will drive them even further into solitude. As for the ramifications of that, I really don't know. Will they become more belligerent? I think the main thing that will happen, as I've always said but it happened so fast politically, is the world ending their reliance on Chinese manufacturing. Gone will be the days of cheap HDTVs, cell phones, video game systems, stuff like that. All that stuff will still exist, it just won't benefit from incredibly affordable labour. This stuff will come from all over the world, rather than just one place. Manufacturers are already starting to move out, with Samsung opening plants in India, Sony already moved to Thailand, Apple to Texas, etc. Foreign Processor fabs never really took off in China, so they are almost all based all around the world, mostly USA, Japan, EU (Samsung, Hynix and TSMC have a few plants in China, so it will be interesting to see what they do) We (or more specifically, the generation after ours) are just going to have to get used to not having much "cool shit". Many of us already live that kind of life, but it will be a shock to others. I always predicted it, but it looks like it's going to happen real soon. The first sign may be what happens with the upcoming console launches later this year. Those probably got in before any sort of 'deadline' though. |
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I don't think you "defend" China as much as you're saying here; at least you don't have to. But you are trying to offer another point of view (which is always appreciated, but be sure not to put down others' points at the same time). The view of a hardcore capitalist is always valuable - it's just not the only view to be considered (that would be extremely dangerous) |
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Honestly these sanctions won't be too harsh. Is more like just for show. However other country might try to distance themselves from China over the next few years. Don't expect Canada to do much since JT is such a push over. Interesting to see what will happen in the next few years. |
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Not lowering the interest rate is beneficially for the macroeconomy. It is also a way to prevent capital flight. China currently has the highest yield across the board compare to other economically stabled countries. I don't think they are doing it on purpose to "outlast" the state. China overtaking USA GDP wise, is just a matter of time. I believe they make that decision purely because they are in the position to do so. China's number 1 priority is economy prosperity, so they don't have to make the hard choice between satisfying the population vs doing what is right for the economy. So yea like Skinnypupp said, they have a major advantage in this regard. If we are banking on China collapsing on itself due to its economy, it will be a long long wait. |
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So if China's immense GDP is based mostly on 1) Manufacturing for the rest of the world and 2) Manufacturing infrastructure for no-one, followed be 3) providing services for the world (entertainment, technology), and 4) manufacturing infrastructure for actual people, what happens when 1) shrinks significantly, or even disappears and 2) there is no longer an economy to allow this non stop manufacturing, and 3) these services become restricted? I am not advocating for any of this, I am just wondering Also GDP per capita, is that something to consider? Or is it more like, if you're not part of the 0.1% it doesn't really matter? |
China vows to stop UK granting Hongkongers residency Quote:
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The U.S. House of Representatives passed by unanimous consent a bill imposing sanctions on banks that do business with Chinese officials involved in cracking down on pro-democracy protesters in Hong Kong. |
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As much hate as the 0.1% gets. Their wealth has a trickle down effect to the rest of the population. It’s like saying Jeff Bezo’s net worth doesn’t matter. It does it translates to employment development and other business that feeds on the Bezo directly and indirectly. Since opening their economy to the world this is the biggest challenge China have seen. So only time will tell what’s going to happen. Although China has done a great job in their war on poverty, there is a huge % of the population that are still consider to be below the poverty line. They have an advantage in sheer number. Just eradicating 1-2% of their poverty issue is a huge boost to their overall economy. Basically China only need to get a little more productive while USA has to work 10x as hard to have the same effect simply due to China’s population size. Its too early to tell, but most likely the sanction will hurt USA themselves more than China. |
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