The disagreement between Chinese leader Xi Jinping and Premier Li Keqiang has become more obvious than ever. With the Chinese economy currently in turmoil and at huge risk, Xi insists on pushing his “zero-COVID” policy at all costs, while Li calls for stabilizing the economy at all costs. On May 25, Li convened a national…
Chinese Officials at a Loss Under Contradicting Directives from Top Leaders
June 4, 2022
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US Firm Investing in China Virus Testing?; Europe Struggles to Ditch Russian Oil | NTD Business
Another sign the housing market is slowing down: prices for lumber are down 50 percent from two months ago. European leaders meet in Brussels to discuss the Russian oil ban. The divided officials are struggling to reach an agreement. An American company could be profiting from China’s zero-COVID policy. How? The FDA investigates a hepatitis outbreak…
The Glory Days of Hong Kong Are Definitely Gone
Commentary Throughout my long career as a hedge fund practitioner, I have participated in many major events, and witnessed blow-ups and turmoil that hit the financial markets. Such major events include the Asian Financial Crisis of 1997-98, the technology meltdown of 2000, the 9/11 terrorist attack incident in 2001, sub-prime crisis of 2007, and the…
Vietnam’s Exports Soar as Manufacturers Shift Away From China’s Tech Capital Shenzhen
Vietnam has seen a tremendous increase in its exports following Xi Jinping’s Zero-COVID policy imposing lockdowns in Shenzhen and Shanghai this spring. According to Vietnam’s General Statistics Office (GSO), the country’s exports reached a record high of $34.7 billion in March. In comparison, Shenzhen’s exports were only $17.8 billion, down 14 percent from last year,…
Shanghai Residents Bang on Pots and Woks to Protest Lockdown
It has been a month since Shanghai was put under lockdown to prevent the spread of COVID-19 and people’s frustrations are boiling over. More than 20 million residents of this large city have no food, no supplies, and no freedom. Feeling hopeless, many Shanghai residents began to protest the “Zero-Covid Policy” by banging on pots…
HSI Fell 769 Points Below the 20,000 Mark Amid US Interest Rate Hike and China’s Pandemic
Hong Kong’s Hang Seng Index (HSI) opened low at 353 points on April 25 before falling further and further to the 20,000 mark. The U.S. interest rate hike intensified. The Dow plunged 981 points on April 22; Asian stocks collapsed on April 25; the HSI fell 769 points, down about 3.7 percent. The day’s high…
Gold Prices Surge Following Geopolitical Uncertainties, Global Inflation
Gold prices registered their highest levels since March 11 as uncertainties regarding the ongoing war in Ukraine increased demand for safe-haven bids while global economies face high rates of inflation and zero-tolerance COVID lockdowns have caused chaos in China, dampening its growth. The metal has gone up over 2.71 percent since the start of the…
China Sends Military, Armed Police, and Health Workers to Shanghai Amid Its Worst Virus Outbreak
Chinese authorities have sent health care workers from 15 different provinces, as well as armed police and special police officers, to Shanghai, to help the city combat the worst outreak of the CCP virus in China since the pandemic began. Vice Premier Sun Chunlan urged Shanghai residents to adhere to the zero-COVID approach and “achieve…
Hospitals in Chinese City Unable to Fulfill Mass PCR Testing Responsibilities: Leaked Document
China’s zero-COVID policy has triggered a new round of draconian lockdowns along with mass PCR testing of tens of millions of people. A government agency in Qingdao city, Shandong Province, conducted an undercover telephone survey of 77 hospitals in the city that advertise a variety of PCR testing services. The findings were far lower than…
Shenzhen Yantian Port, the World’s Fourth Largest Container Terminal, Experiencing Increased Congestion
On March 21, Shenzhen, which was under lockdown, announced temporary lifting of the lockdown, restoring order to production and daily life for a week. However, Shenzhen’s Yantian port soon became even more congested, adding to the bottlenecks in the global supply chain caused by the pandemic and the war between Russia and Ukraine. On March…
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