#China's manufacturing sector is continuing to contract, a casualty of the #trade dispute with the US. This while US manufacturing expanded. How long before this pushes the whole Chinese #economy into recession (assuming it's not already there)? How long can China shed #jobs before the social unrest in Hong Kong starts to spread? In a game of chicken someone eventually has to blink. Who will it be? https://www.bloomberg.com/news/articles/2019-09-01/china-s-manufacturing-sector-keeps-getting-whacked-by-trump?srnd=economics-vp #news
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More from avoiceofliberty

No politics this time. Hurricane Dorian hit the Bahamas hard. Folks there could use some help. Many aid organizations are ramping up relief efforts--Samaritan's Purse and the Red Cross are but a couple. Please give what you can. https://www.zerohedge.com/news/2019-09-02/please-somebody-help-us-eye-slow-moving-dorian-reaches-grand-bahama-storm-recorded #news #HurricaneDorian
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Carrie Lam attempts to take responsibility for the situation in Hong Kong. She claims she would step down as Chief Executive "if she could". But why can't she? Certainly the people in Hong Kong are not standing in her way. Or is it that #Beijing has no credible alternative to put in her place? One interesting item in her comments: she deftly raised the matter to one of national "security and sovereignty", putting the burden for finding a solution on Beijing. Beijing had previously rejected her compromise proposals. Whether accepting her proposals now would suffice is problematic. Still, Lam's "inability" to step down puts even more pressure on Beijing to find a peaceful resolution. Ironic that Carrie Lam, whose extradition bill started these #protests, may now be #China's best hope for a peaceful outcome. https://mobile.reuters.com/article/amp/idUSKCN1VN1DU #news #HongKong
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Tomorrow a new front may open in Hong Kong's pro-democracy #protests (bid for independence?). Students are calling for a two-week boycott of classes, with a rally tomorrow afternoon. President Xi has already played the mass arrest card. It has now failed. Does he dare order a general crackdown? On the one hand, he will soon have little choice. #Beijing does not dare allow Hong Kong to win this contest of political will. Too many other parts of #China are already restive--successful rebellion by Hong Kong will encourage it elsewhere. On the other hand, liberal Hong Kong is still China's primary artery for foreign direct investment. Liberal Hong Kong is still a major financial center for China as well as the whole of Asia. A Tienanmen Square style crackdown would be hugely economically disruptive, with potential network effects worldwide. The middle ground has disappeared. One side will win, or the other. It is too soon to tell which. https://www.afp.com/en/news/3954/hong-kong-braces-strike-after-turbulent-weekend-doc-1jy1e51 #news #HongKong
38 views · Sep 1st, 2019

More from avoiceofliberty

No politics this time. Hurricane Dorian hit the Bahamas hard. Folks there could use some help. Many aid organizations are ramping up relief efforts--Samaritan's Purse and the Red Cross are but a couple. Please give what you can. https://www.zerohedge.com/news/2019-09-02/please-somebody-help-us-eye-slow-moving-dorian-reaches-grand-bahama-storm-recorded #news #HurricaneDorian
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Carrie Lam attempts to take responsibility for the situation in Hong Kong. She claims she would step down as Chief Executive "if she could". But why can't she? Certainly the people in Hong Kong are not standing in her way. Or is it that #Beijing has no credible alternative to put in her place? One interesting item in her comments: she deftly raised the matter to one of national "security and sovereignty", putting the burden for finding a solution on Beijing. Beijing had previously rejected her compromise proposals. Whether accepting her proposals now would suffice is problematic. Still, Lam's "inability" to step down puts even more pressure on Beijing to find a peaceful resolution. Ironic that Carrie Lam, whose extradition bill started these #protests, may now be #China's best hope for a peaceful outcome. https://mobile.reuters.com/article/amp/idUSKCN1VN1DU #news #HongKong
35 views · Sep 2nd, 2019
Tomorrow a new front may open in Hong Kong's pro-democracy #protests (bid for independence?). Students are calling for a two-week boycott of classes, with a rally tomorrow afternoon. President Xi has already played the mass arrest card. It has now failed. Does he dare order a general crackdown? On the one hand, he will soon have little choice. #Beijing does not dare allow Hong Kong to win this contest of political will. Too many other parts of #China are already restive--successful rebellion by Hong Kong will encourage it elsewhere. On the other hand, liberal Hong Kong is still China's primary artery for foreign direct investment. Liberal Hong Kong is still a major financial center for China as well as the whole of Asia. A Tienanmen Square style crackdown would be hugely economically disruptive, with potential network effects worldwide. The middle ground has disappeared. One side will win, or the other. It is too soon to tell which. https://www.afp.com/en/news/3954/hong-kong-braces-strike-after-turbulent-weekend-doc-1jy1e51 #news #HongKong
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