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Tuesday, July 07, 2020

Australia upgrades travel warning for China

Australia upgrades travel warning for China

Australians living in and travelling to China have been warned they may be arbitrarily detained.





Chinese stocks surge in biggest 1-day jump for over a year FT

 

China’s shadow banking system under spotlight as Sichuan Trust misses payments amid economic slowdown South China Morning Post


 BIZARRE US  imports keep falling, except from China Quartz





DOWN BUT NOT OUT: China’s threats on behalf of Huawei are becoming desperate.

In the face of growing momentum against Huawei, which many Western governments fear will be forced to spy for Beijing, Chinese embassies have been doing a full court press in countries that have not yet made a decision.

In Germany, the Chinese ambassador threatened that country’s auto industry in China. The Chinese envoy to Denmark threatened the free-trade agreement with the Faroe Islands. In France, Beijing’s ambassador warned the government not to discriminate against Huawei, lest it threaten the development of European companies in China – this is the same envoy who, during his previous appointment to Canada, threatened “repercussions” if Ottawa rejected the Chinese company.

In the U.K., where the government had agreed in January to allow Huawei to supply as much as 35 per cent of the 5G network’s peripheral system, political pressure has mounted to reverse that decision. The government has initiated a club of 10 countries, called the D-10 – with “D” representing democracy – comprising the G7 plus India, South Korea and Australia to collaborate on 5G technology alternatives. The Chinese ambassador to Britain has now said that China would put a halt to its planned nuclear reactors and high-speed rail network in the U.K. if Huawei equipment is banned. And the chair of British bank HSBC warned the bank would face reprisals in China.