HONG KONG—Hong Kong’s economy shrank by 4 percent compared with a year earlier in the quarter ending in March after the city shut restaurants and other businesses amid a spike in coronavirus infections. Growth plunged from the previous quarter’s 4 percent expansion, government data showed Tuesday. Exports of goods fell 4.5 percent from a year…
China Blocks Social Media Accounts of Prominent Market Strategist Hong Hao
China blocked the Weibo and WeChat accounts of Hong Hao, managing director and chief strategist of Bocom International Holdings, without specifying which Chinese social media regulation was violated. Just recently, Hong Hao warned of the huge amount of capital leaving China and made bearish forecasts about the Chinese stock market. Hong Hao’s WeChat account “Hong…
Outspoken Market Analyst’s Chinese Social Media Accounts Suspended
SHANGHAI—The Chinese social media accounts of an outspoken Hong Kong-based market strategist were suspended after a series of downbeat commentaries and a slump in mainland equities to two-year lows on COVID-19 lockdowns and global political tensions. All content on the WeChat account of Hong Hao, who is head of research at Bocom International Holdings, has…
Jeffrey Tucker: US May Not Know Alternatives to Lockdown, China’s Zero-COVID Strategy
What has the lockdown situation in Shanghai taught the rest of the world? Is the method and invention by a totalitarian regime, the Chinese Communist Party (CCP), proving to be correct? Has public health gone too far going into politics? We discuss these questions with Jeffrey Tucker, founder and president of the Brownstone Institute, as…
China’s Lockdowns of 10s of Millions Add to Global Supply Chain Chaos
Seeing China’s financial hub Shanghai, home to 25 million, come to a standstill amid more than four weeks of lockdown have made those in Beijing nervous. The capital city has detected growing COVID-19 outbreaks and has rushed to conduct mass testing in a bid to contain the virus. Almost all 22 million inhabitants in Beijing…
China’s Lockdowns of Tens of Millions Add to Global Supply Chain Chaos
Seeing China’s financial hub Shanghai, home to 25 million, come to a standstill amid more than four weeks of lockdown have made those in Beijing nervous. The capital city has detected growing COVID-19 outbreaks and has rushed to conduct mass testing in a bid to contain the virus. Almost all 22 million inhabitants in Beijing…
China’s Lockdowns of Tens of Millions Inflicts More Pain on Global Supply Chains
Seeing China’s financial hub Shanghai, home to 25 million, come to a standstill amid more than four weeks of lockdown has made those in Beijing nervous. The capital city has detected growing COVID-19 outbreaks and has rushed to conduct mass testing in a bid to contain the virus. Almost all 22 million inhabitants in Beijing…
Factories in Shanghai Struggling to Resume Production Under Lockdown
Shanghai has now been locked down for a month under the Chinese communist regime’s “zero-COVID” policy. Daily life, manufacturing production, and supply chains have been severely disrupted. Recently, Shanghai authorities have been pushing for the resumption of production in manufacturing, but the progress has been slow, and some enterprises are having difficulty resuming work under…
‘Deep State’ Was Working Against Trump on COVID-19 Response: Paul Alexander
According to Paul Alexander, when former President Donald Trump was trying to tackle COVID-19 in 2020, the “swamp” or the “deep state” was working against him, using flawed data to tarnish him, locking down society, and keeping schools closed. “Can you imagine the president of the United States fighting against the [teachers’] union, fighting against…
China Lockdown Cuts Supplies
News Analysis China’s COVID lockdowns are grinding the country’s manufacturing to a halt and alarming global business leaders who depend on the country for parts and manufacturing. The CEO of Mercedes Benz, Ola Kallenius, told Bloomberg on April 29 that “new lockdowns in China, in Shanghai but also in other places in China affects the business…
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