. China’s economy is beginning to show signs of recovery after being hit hard by COVID-19, however Beijing is expected to come under more commercial pressure once the investigation into origins of the novel coronavirus begins.
Mr Glass told Sky News investors are moving assets away from China in anticipation of US President Donald Trump “ratcheting up pressure” on Beijing as part of his re-election strategy. “In the Pengana fund, we are doing things to minismise risk,” he said. “We shifted some of our investments that are Chinese ADRS, so that is Chinese companies listed in America, if we can rather than invest in their Hong Kong listing, we will.
This makes no sense considering the tensions between china and Hong Kong at the moment 🤔
Anyone who has a foresight must move their asset away from China ang Hong Kong
In the meantime the rich are moving their assets out of Hong Kong because the implementation of China National security law in Hong Kong. No one trust China anymore.
When the U.S. can't compete, they accuse, blame and attack those threatening them. Then there's the media dogs who relay the message. Here Rupert, here boy..... good boy, goood Rupie. 😂🤣😂🤣😂🤣😂🤣😂
Hong Kong is going to get ugly when the CCP move in.Their will be lots of people leave and become refugees
Sky news hahaha I can't.
Honk Kong is gone ...
capital flight from HK and China
There is no way I would be doing that...China are trying to totally take over Hong Kong.
Just in time for the Hong Kong crackdown! Nice thinking!
RT : Investors may be shifting their assets to Hong Kong based firms in order to minimise risk of heightened tensions between China and the US, according to Pengana’s Steven Glass
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'Kowtow to communist China or expect anger and punishments' | Sky News AustraliaKowtowing is what the Communist Party of China 'expects from people it does business with' and if you don't kowtow in due course 'you're going to get anger and that anger will come out in various punishments,' according to Sky News host Rowan Dean. \n\nMr Dean told Sky News host Chris Smith the regime is 'unhappy with us because we dared speak up' and is now looking to 'slam down' on Australia. \n\nDiplomatic tensions have raised between the two nations following a push by the Morrison government for an independent inquiry into the origins of the deadly coronavirus pandemic. \n\nMr Dean said Beijing now wants to put Australia back in its place through the imposition of tariffs and bans on exports. \n\n'That's the nature of the relationship,' Mr Dean said. \n\n'So we have to accept that and stand up to it, but otherwise we do the opposite, we kowtow and hopefully that's not in the Australian character, it's certainly not in Scott Morrison's character'. \n\n Clearly, international business magnate Rowan Dean prefers his kowtowing be done in the direction of the Murdoch Propaganda Party. It would be a degradation of western civilisation to respond to the CCP on their terms. When faced with and emeny that expects weaknes, show strength. Why does Rowan Dean hate Australian jobs?
Source: SkyNewsAust - 🏆 7. / 78 Read more »
China is using ‘Australian coal and oil to build their warships’: Bronwyn Bishop | Sky News AustraliaChina is using “our coal and our oil to build their warships” and they are exploiting Australia’s dependence on Chinese trade in a bid to 'control' our industries and exports, according to former speaker of the house Bronwyn Bishop.\n\nMs Bishop said “we have to rebuild manufacturing here in Australia” in order to achieve economic dependence from China. \n\n“To make that happen it means we have to competitive,” she told Sky News host Gary Hardgrave. \n\nThe “only way” to balance competitivity and high wages is to have “cheap electricity,' she said.\n\n“That means we have to use coal”.\n\n“We have to get out of the Paris agreement”.\n\n“We cannot be a vassal state,” she said. \n\nChina 'need” our coal and iron ore but they want to be able to “control it”. \n\n Enough of China and its exploitation of Australia! About time. Shut them down. It’s your country. Sky News hallucinating more or just copy out Murdoch China bashing handbook?
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Hong Kong stock exchange at risk due to China security crackdown | Sky News AustraliaHong Kong's Hang Seng Index is under threat due to China's intention to pass a new national security legislation that could threaten the city's traditional freedoms, according to Tribeca's Jun Bei Liu.\n\nThe Hang Seng Index (HSI) dropped nearly 5.6 per cent Friday after Beijing announced it will push ahead with its national security law.\n\nThe law is widely drafted to cover any act 'to split the country, subvert state power, organise and carry out terrorist activities and other behaviours that seriously endanger national security', according to Xinhua, China's state news agency.\n\nNational security laws are routinely used on the Chinese mainland to jail critics of the ruling Communist Party.\n\nThe draft legislation, presented at China's National People's Congress, which is meeting this week in Beijing, also specifies that China's national security bodies - the Ministry of State Security (MSS) and the Ministry of the Public Security (MPS) - can set up 'agencies' in Hong Kong to safeguard the law - effectively bringing an end to Hong Kong's rule of law.\n\nMs Liu there has been 'quite a lot of sell offs' happening due to escalating tensions in Hong Kong.\n\n'Investors are cautious but I wouldn't say they are panicked yet,' she said.\n\n'Look, Hong Kong stock exchange has gone through significant uncertainties in the last 12, 18 months, they simply moves from the escalating riots and then moved to the coronavirus... it is a very difficult time for that region.' It’s only a 1 trillion of dollar value the stock market there ,70 % are Chinese companies,no big deal Hing Kong Stocks plunged 5% at the day after the announcement of implementation jobs National security law in Hong Kong. Let’s see what happen tmr😎 Chinazi CCP_is_terrorist
Source: SkyNewsAust - 🏆 7. / 78 Read more »
US and China have left a huge gap in world leadershipEditorial: In this new world, the one positive sign to emerge over the past weeks is the hope that middle-size countries such as Australia can fill the gap and keep things together. No one thinks that First of all you have got to have a leader. That “New World Order” jargon again.
Source: smh - 🏆 6. / 80 Read more »
'Petty and personal bickering' riddles US political debate | Sky News AustraliaAs the United States suffers in the grip of a health and economic crisis, politicians have taken to 'slinging childish insults at each other,” according to Sky News Foreign Coordinator Brent O’Halloran. \n\n“Nancy Pelosi and the Democrats haven’t exactly covered themselves in glory during this pandemic,' he said.\n\nSpeaker of the house Nancy Pelosi launched a person attack at Trump’s weight, calling him “morbidly obese” and this morning “invoked dog droppings in a personal attack”. \n\nMr O’Halloran said the Democrats were not in favour with either the right or the left side of politics and had “been criticised by progressives within their party for backing multi-trillion dollar bailouts of multi-billion corporations while seemingly doing little to support everyday Americans”. \n Brent .... children have very short memories. Trump has been doing this for all his life even before he became political. He certainly doesn't need right wing media trumptrash to defend him. His insults from last presidential campaign. Really. Same here. It’s what they do.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Australia, UK, Canada rebuke China over Hong Kong interventionThe three countries warned China's planned laws forbidding treason, secession, sedition, and subversion against the Central People's Government in Beijing would 'clearly undermine' Hong Kong's autonomy and its citizens' civil liberties. Do you understand now to whom ComradeDan is selling Victoria? I'm pretty sure we have laws forbidding treason, secession, sedition, and subversion... Its hard for some to accept, but HK is part of China. Rioting and vandalism in the name of 'democracy' (which was non existant under British colonial rule) is no longer allowed. Fair enough Thank you Australia.
Source: theage - 🏆 8. / 77 Read more »