China Dares Trump to Hit Back With Hong Kong Power Grab

Discussion in 'Politics' started by themickey, May 22, 2020.

  1. Overnight

    Overnight

    The American consumer is like the stock market. It has a short memory.

    China will not go away until the American consumer agrees to stop buying cheep shit. We want our shit cheep. And ESPECIALLY now, with so many people out of works and barely scraping by. They cannot afford the more expensive American shit.

    Americans for the most part are bargain hunters. Cheep is the rule of law.
     
    #11     May 22, 2020
  2. Snarkhund

    Snarkhund

    I would like the USN to continue to conduct fleet operations freely in all international waters. I would like the USN to support Vietnamese and Philippine fishing fleets having safe unfettered access to their own sovereign waters.

    I would like the USA to establish a trade agreement with Australia where we pick up the slack in their iron ore exports that the Chinese have decided to ban. I would like the USA to vocally remind China that Australia is our ally and trade partner and that we will aid them in any conflict.

    I would like the USA to institute a 100% import tariff on all products from China including parts used in products manufactured in the USA. I would like to ban China from our Treasury Auctions and for the SEC to regulate investments by US corporations in China.

    I would like Congress to pass bills requiring the domestic production of vital drugs and for only trusted foreign sources to be used in the interim period.

    Yeah, thats a start...
     
    Last edited: May 22, 2020
    #12     May 22, 2020
    traderob, TRS and Dr. Love like this.
  3. Cuddles

    Cuddles

    how very socialist of you
     
    #13     May 22, 2020
  4. Dr. Love

    Dr. Love

    The CCP is destined to follow the USSR. Impossible to keep people mentally imprisoned in the age to tech for too long.
     
    #14     May 22, 2020
    TRS likes this.
  5. themickey

    themickey

    https://www.washingtonpost.com/opin...18cdc2-9c51-11ea-ac72-3841fcc9b35f_story.html

    Opinion
    China’s full-scale assault on democracy in Hong Kong demands a U.S. response — but a careful one
    20200523_175254.jpg
    Members of the Democratic Party protest in front of the Chinese central government's liaison office in Hong Kong on Friday over China’s plan to advance long-stalled national security legislation. (Kin Cheung/AP)
    By Editorial Board May 23, 2020 at 5:39 a.m. GMT+8

    THE FULL-SCALE assault on freedom in Hong Kong launched this week by China’s Communist Party leadership could mark a fateful turning point in its relations with the democratic world. Until now the regime of Xi Jinping has sought to suppress a protest movement in the former British colony with tear gas, arrests and prosecutions of opposition leaders. Having failed, Beijing on Friday unveiled what amounts to its nuclear option — a new legal framework that would allow mainland security agencies to establish themselves in the territory and enforce a ban on “secessionist or subversive activity, the organizing of terrorist acts” and “activities of foreign and external interference.”

    As Hong Kong opposition leaders were quick to point out, the move would effectively gut the “one country, two systems” principle that has allowed the survival of the rule of law and freedom of speech and assembly in Hong Kong since it returned to Chinese sovereignty in 1997. Though technically a national security law was mandated by the constitution Hong Kong then adopted, it will be written and enacted by the rubber-stamp National People’s Congress in Beijing rather than the democratically elected Hong Kong legislature, which has deferred the law since mass protests against it in 2003.

    There’s every reason to expect that once the legislation is in place this summer, Beijing’s thugs will employ it to behave as they do on the mainland — crushing dissent by subjecting those who criticize the regime to disappearance, torture and lengthy prison sentences. First in line could be those Hong Kong leaders, such as Martin Lee and Joshua Wong, who have traveled to Washington and other Western capitals to lobby for pressure on Beijing to fulfill its commitments on Hong Kong, including for universal suffrage and free elections. Both are already facing prosecution.

    Such a crackdown would compound what is already a crisis in U.S.-Chinese relations and present Washington with some difficult choices. It doesn’t help that President Trump and Secretary of State Mike Pompeo have been heaping abuse on the Xi regime in recent weeks as a way of distracting from the Trump administration’s abysmal response to the covid-19 pandemic; in fact, the mounting U.S. hostility may have persuaded Mr. Xi that he had little to lose by smothering Hong Kong.

    On Friday, Mr. Pompeo issued a blistering statement saying the pending People’s Congress action would “be a death knell” for Hong Kong’s autonomy and would “inevitably impact our assessment of One Country, Two Systems and the status of the territory.” That was an unmistakable reference to the special trading privileges Hong Kong has enjoyed under U.S. law since 1992. Under an amendment Congress adopted last year, the State Department must issue a report on whether the territory remains “sufficiently autonomous” to justify the measures, which include exemption from tariffs applied to mainland exports.

    If a negative report by the State Department led to a repeal of the privileges, Hong Kong’s economy would be devastated — as would a lot of U.S. businesses. The estimated $38 billion in annual U.S.-Hong Kong trade would be at stake; so would the regional headquarters that some 290 U.S. companies maintain in the city. The result could be to speed the conversion of China’s most free city into just another provincial capital, which is not in the U.S. interest, let alone Hong Kong’s. A more effective response would look something like that proposed by Sens. Chris Van Hollen (D-Md.) and Patrick J. Toomey (R-Pa.), who would sanction Chinese entities that compromise Hong Kong’s autonomy; it would also sanction banks that do business with those entities.

    The assault on Hong Kong requires a robust U.S. reaction — but one that is carefully calculated and not driven by election-year demagoguery.
     
    #15     May 23, 2020
  6. themickey

    themickey

    https://www.elitetrader.com/et/thre...ng-kong-power-grab.345138/page-2#post-5107711

    Dozens of Chinese companies added to U.S. blacklist in latest Beijing rebuke
    Published Fri, May 22 20209:39 PM EDT
    [​IMG]
    Key Points
    • The U.S. Commerce Department’s move marked the Trump administration’s latest efforts to crack down on companies whose goods may support Chinese military activities and to punish Beijing for its treatment of Muslim minorities.
    • It came as Communist Party rulers in Beijing on Friday unveiled details of a plan to impose national security laws on Hong Kong.
    The United States said on Friday it would add 33 Chinese firms and institutions to an economic blacklist for helping Beijing spy on its minority Uighur population or because of ties to weapons of mass destruction and China’s military.

    The U.S. Commerce Department’s move marked the Trump administration’s latest efforts to crack down on companies whose goods may support Chinese military activities and to punish Beijing for its treatment of Muslim minorities. It came as Communist Party rulers in Beijing on Friday unveiled details of a plan to impose national security laws on Hong Kong.

    Seven companies and two institutions were listed for being “complicit in human rights violations and abuses committed in China’s campaign of repression, mass arbitrary detention, forced labor and high-technology surveillance against Uighurs” and others, the Commerce Department said in a statement.

    Two dozen other companies, government institutions and commercial organizations were added for supporting procurement of items for use by the Chinese military, the department said in another statement.

    The blacklisted companies focus on artificial intelligence and facial recognition, markets that U.S. chip companies such as Nvidia and Intel have been heavily investing in.

    Among the companies named is NetPosa, one of China’s most famous AI companies, whose facial recognition subsidiary is linked to the surveillance of Muslims.

    Qihoo360, a major cybersecurity firm taken private and delisted from the Nasdaq in 2015, recently made headlines for claiming it had found evidence that CIA hacking tools were used to target the Chinese aviation sector.

    The Commerce Department said it was adding the firms and institutions to its “entity list,” which restricts sales of U.S. goods shipped to them and some more limited items made abroad with U.S. content or technology. Companies can apply for licenses to make the sales, but they must overcome a presumption of denial.

    Softbank Group Corp-backed CloudMinds was also added. It operates a cloud-based service to run robots such as a version of Pepper, a humanoid robot capable of simple communication. The company was blocked last year from transferring technology or technical information from its U.S. unit to its offices in Beijing, Reuters reported in March.

    [​IMG]
    An AI robot by CloudMinds is on display on the opening day of the China International Robot Show 2018 at the National Exhibition and Convention Centre on July 4, 2018 in Shanghai, China.
    China News Service
    Qihoo, NetPosa and CloudMinds could not be immediately reached for comment.

    Xilinx, which makes programmable chips, said at least one of its customers was on the list but that it believes the business impact will be negligible.

    “Xilinx is aware of the recent additions to the Department of Commerce’s Entity List and is evaluating any potential business impact,” the company said. “We comply with any new U.S. Department of Commerce rules and regulations.”

    The new listings follow a similar October 2019 action when Commerce added 28 Chinese public security bureaus and companies — including some of China’s top artificial intelligence startups and video surveillance company Hikvision — to a U.S. trade blacklist over the treatment of Uighur Muslims.

    The actions follow the same blueprint used by Washington in its attempt to limit the influence of Huawei Technologies for what it says are national security reasons. Last week, Commerce took action to try to further cut off Huawei’s access to chipmakers.
     
    #16     May 23, 2020
  7. themickey

    themickey

    Hong Kong is ‘anxious, angry and frightened,’ ex-lawmaker says of China’s proposed security law
    Published Fri, May 22 20204:37 AM EDT Yen Nee Lee@YenNee_Lee

    Key Points
    • China’s proposed national security law has made the people in Hong Kong “very anxious, angry and frightened,” said Emily Lau, a former Democratic Party member of the Hong Kong Legislative Council.
    • “The big companies are also very nervous, their investors are nervous because Beijing is going to crack down on Hong Kong, take away our freedoms, our personal safety, our rule of law,” she told CNBC.
    • The draft law, which Beijing said is “highly necessary,” will prohibit secession, subversion of state power, terrorism activities and foreign interference, reported Reuters.
    • But opposition politicians and activists said it goes against the “one country, two systems” framework that allows Hong Kong to maintain a largely separate legal and economic framework from China.

    ‘Hong Kong is burning’: Former lawmaker on China’s plans for a new security law
    Opposition politicians in Hong Kong have spoken up against Beijing’s proposed national security law for the city, claiming that it violates China’s “promise” of autonomy and freedom to the Hong Kong people.

    “I think we’re talking from a very anxious, angry and frightened Hong Kong,” said Emily Lau, a former Democratic Party member of the Hong Kong Legislative Council.

    “The big companies are also very nervous, their investors are nervous because Beijing is going to crack down on Hong Kong, take away our freedoms, our personal safety, our rule of law,” she told CNBC’s “Street Signs Asia” on Friday.

    The Democratic Party is one the largest opposition political parties in Hong Kong, and has the third-largest presence in Legislative Council. Lau is a former chairperson of the party.

    Beijing announced the draft national security law during the National People’s Congress, an annual meeting of China’s top legislative body. The law, which Beijing said is “highly necessary,” will prohibit secession, subversion of state power, terrorism activities and foreign interference, reported Reuters.

    We are not fighting for independence or the overthrow of the Communist Party with force and violence...
    Emily Lau
    former member, Hong Kong Legislative Council
    Reports of the proposed legislation sparked activist calls for a protest march on Friday, potentially renewing widespread pro-democracy demonstrations that swamped the city for much of last year — but came to a halt due to the coronavirus outbreak in the beginning of this year.

    Hong Kong is ruled under the “one country, two systems” policy, which gives the city self-governing power, a largely separate legal and economic framework from China, and various freedoms including limited election rights. It was a framework that was put in place for 50 years, after the former British colony returned to China in 1997.

    [​IMG]
    A protester holds a flag that says “Free Hong Kong. Revolution of Our Time” at a demonstration on December 8, 2019 in the city.
    Anthony Kwan | Getty Images News | Getty Images

    Lau said the protests are not a push for Hong Kong’s independence from China.
    “We are not fighting for independence or the overthrow of the Communist Party with force and violence,” she said.

    “We just want the Chinese government to keep the promise in the 1984 Sino-British Joint Declaration in which Britain handed Hong Kong over to China under ‘one country, two systems’ that we can preserve our free lifestyle until 2047,” she added.

    That sentiment is shared by many other politicians and activists.

    Tanya Chan, a pro-democracy lawmaker from the Civic Party, said the introduction of the draft law marked the “saddest day in Hong Kong’s history.”

    “It confirms one country, one system,” she told reporters in Hong Kong,indicating the draft legislation is a violation of the “one country, two systems” framework.

    CNBC reached out to the Chinese government for comment on the politicians’ remarks but has yet to hear back.

    No one knows for sure what will happen at the end of the 50 years, when the policy is expected to cease in 2047, but Hong Kong’s leader Carrie Lam had previously said the one country, two systems” policy could continue beyond the initial 50 years.

    ‘Time to put an end to it all’
    In an editorial published on Friday, Chinese state media Global Times pushed back at criticisms that the proposed law goes against the “one country, two systems” framework.

    “On the contrary, the draft law is a move aimed at preventing external forces from meddling in HK (Hong Kong) affairs. It would also deter the power HK extremists. The decision would reestablish a stable environment where the ‘one country, two systems’ principle could work smoothly,” it read.

    “For the year of 2019, HK did not enjoy a single peaceful day. It was like a city in an undeveloped country engulfed in turmoil. Stores and subway stations were damaged, roads were blocked, and innocent people were attacked and burned. College students were prevented from attending classes,” it said.

    “Due to the chaos, HK fell sharply in the global rankings. Now is the time to put an end to it all.”

    But Lau — the former lawmaker —said the proposed security legislation will not only affect the Hong Kong people. She said it will also impact a large number of foreign citizens and multi-national companies that have benefited from the city’s freedom.

    “I think Hong Kong people have to, we have to stand up for our rights, we have to stand up for our principles,” she said. “But I also call on the international community ... to do something for us.”

    — CNBC’s Huileng Tan and Lilian Wu contributed to this report.
     
    #17     May 23, 2020
  8. TRS

    TRS

    Well said.
     
    #18     May 23, 2020
  9. notagain

    notagain

    China shits on the world, while their corporate partners get rich ignoring injustice.
     
    #19     May 23, 2020
    Dr. Love likes this.
  10. showtz

    showtz

    Chinese websites are one of the largest scam sites, you pay but get no merchandise, the credit card companies are unable to control this fraud, you think your order is originating in the states but it is too late when you realize you have been duped !
     
    #20     May 23, 2020