Tag Archives: Beijing

Taiwan officially known as Republic of China has been self-ruled since 1950, but China considers Taiwan part of its land that must be reunited with mainland even by force

Tsai-Ing-Wen and the Democratic Progressive Party has won a historic landslide victory in the Taiwan election. They defeated the much more Pro China rival Han Kuo-Yu and the KMT. This is a big surprise and no one would have expected this outcome a year ago.

This is a clear message to the one rule Communist Party in Beijing. The people in Taiwan rejects China`s plan for reunification with the island. It`s a remarkable turnaround for the president, whose party suffered major losses in local elections just a year ago.

I believe that the rise of the party started when Pro Democracy protesters in Hong Kong took to the streets last year. People are more awake today than only a few months ago. Months of ant-govenment protests in nearby Hong Kong boosted Wen`s campaign, and scenes of police cracking down on demonstrators appear to have galvanised younger voters.

Tsai warned that Taiwan`s democratic rights must be preserved, and the country has its own military, currency and a passport accepted in most countries. But, Taiwan does not have a seat at the United Nations, and only 15 countries officially recognise Taiwan`s democratic government. United States is not one of them.

Tsai said that the people in Taiwan reject the one country, two systems model. We respect democracy and our sovereign rights, she said. Huh, it sounds like Trump who is fighting against the globalists in Europe.

On the other side; Washington is Taiwan`s most important ally and trading partner. It will be interesting to see how far the U.S will go to defend Taiwan and what will Xi and the Communists in Beijing do in respond to Tsai Ing-Wen`s win, which gives her a second term in office? The Communists have ramped up pressure on Taiwan and cut off official communication with Tsai in the past.

Tsai Ing-Wen said peace means that China must abondon threats of force against Taiwan. She also said she hope Beijing understands that democratic Taiwan will not concede to threats. China says it will not change position that Taiwan is part of it after Tsai`s re-election.

China claims Taiwan is part of its territory under its “One China Principle”.

We now see a similar situation in Taiwan is it is in Hong Kong. One Country, two systems. Taiwan, officially the Republic of China (ROC), is a state in East Asia.

Taiwanese indigenous peoples settled the island of Taiwan around 6,000 years ago. In the 17th century, Dutch rule opened the island to mass Han immigration. After the brief Kingdom of Tungning in parts of the southern and western areas of the island, the island was annexed in 1683 by the Qing dynastry of China, and ceded to the Empire of Japan in 1895.

Following the surrender of Japan in 1945, the Republic of China, which had overthrown and succeeded the Qing in 1911, took control of Taiwan on behalf of thw World War II Allies.

The resumption of the Chinese Civil War led to the loss of the mainland to the Communist Party of China (CPP) and the flight of the ROC government to Taiwan in 1949. although the ROC government continued to claim to be the legitimate representative of China, since 1950 its effective jurisdiction has been limited to Taiwan and numerous smaller islands.

In the early 1960`s, Taiwan entered a period of rapid economic growth and industrialisation called the «Taiwan Miracle». In the late 1980`s and early 1990`s, the ROC transitioned from a one-party military dictatorship to a multi-party democracy with a semi-presidential system.

Taiwan`s export-oriented industrial economy is the 21st-largest in the world, with major contributions from steel, machinery, electronics and chemicals manufacturing. Taiwan is a developed country, ranking 15th in GDP per capita. It is ranked highly in terms of political and civil liberties, education, health care and human developments.

The political status of Taiwan remains uncertain.

The ROC is no longer a member of the UN, having been replaced by the PRC in 1971. Taiwan is claimed by the PRC, which refuses diplomatic relations with countries that recognise the ROC. International organisations in which the PRC participates either refuses to grant membership to Taiwan or allow it to particitpate only on a non-state basis.

Taiwan is a member of the World Trade Organization, Asia-Pacific Economic Cooperation and Asian Development Bank under various offices and institutions that function as de facto embassies and consulates.

Domesticay, the major political division is between parties fvouring eventual Chinese unification and promoting a Chinese identity contrasted with those aspiring to independence and promoting Taiwanese identity, although both sides have moderated their positions to broaden their appeal.

Taiwan officially known as Republic of China has been self-ruled since 1950, but China considers Taiwan part of its land that must be reunited with mainland even by force.

The U.S hailed Tsai`s victory as demonstration of Taiwan`s robust Democratic system. Taiwan`s president Tsai Ing-Wen secures second term in office with 57,1% of votes. The vote is seen as a choice between moving closer to China or resisting push for reunification.

Tsai Ing-Wen told the supporters “today we have defended our democracy and freedom”.

Leave a comment

Filed under Politics

Home Depot is the largest home improvement retailer in the United States and the best run retailer in the world

So far, it has been a good earnings season with a higher than average seventy-five percent of S&P 500 companies that have reported beating expectations. That was strong enough to push the stock market to record highs.

On Tuesday 19, Home Depot will report earnings before market open. The report will be for the fiscal Quarter ending October 2019, and the consensus EPS for the quarter is $2,52, which is up from the same quarter last year at $2,51.

The Home Depot is the largest home improvement retailer in the United States, and considered to be the best run retailer in the world. I have been watching this stock for years and it`s interesting and funny to see that they beat estimates time after time.

Home Depot opened up two stores 40 years ago. In 1979, the first two stores, built in spaces leased from J.C Penny that werw originally Treasure Island «hypermarket». As of October 20, 2019, they have 2,285 locations and 413,000 employees.

The founders created a company to keep alive the values that were important to them; Values like respect among all people, excellent customer service and giving back to communities and society.

In December 2006. the Home Depot announced its acquistion of the Chinese home improvement retailer The Home Way. The acquisition gave the Home Depot an immediate presence in China, with 12 stores in six cities.

But the Home Depot didn`t succeed in China. They lack of success in China has been attributed t o the disconnect between The Home Depot`s do-it-yourself ethos and Chinese culture. The market in China is more of a do-it-for-me culture.

So, as of April 2011, Home Depot shut its last Beijing store, the fifth Home Depot to close in China in the previous two years. As of September 16, 2012, all seven of the box stores in China had been shut down, and they has no immediate plans to further expand its specialty stores in China.

The US-China trade war is risky but the impeachment is even more risky. They want to impeach a president that have done so much for its own people, and tax cuts and many reforms have boosted to U.S economy.

Strong consumer activity and low interest rate is helping companies like Home Depot, and this is why they beat earnings all the time. At least for the last two years. But according to DM Martin`s Research, the RMI (remodeling market index) and future bid activity have come off their 2017 peaks in the past several quarters.

The management doesn`t seems to be concerned about the demand. Last quarter they said; «Current health of the U.S consumer and a stable housing environment» was postive for them. Its difficult not to be bullish, and share repurchase can push the EPS higher.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Leave a comment

Filed under Stock market, Stocks

Hong Kong protesters call on president Trump to help «liberate» the city

Politicians around the world have something to learn from president Trump; Listen to the people. You are there for the people. Otherwise, you will face some problems. Just take a look at Carry Lam in Hong Kong.

She is not chosen by the people in Hong Kong but by the Godless one-party rule Communists in Mainland China. The Communists in Bejing are dictating Carry Lam and tell her what to say, but that is not what her own people in Hong Kong want.

This is unbelievable. Two million people are joining the Hong Kong protesters, but the government isn`t listening to the people. And this has been going on for a very long time now. So, what is the next step? The Hong Kong protesters want international support and that`s why they went to the U.S consulate to ask president Trump for help.

President Trump last month suggested China should «humanely» settle the issues in Hong Kong before a trade deal could be agreed but had earlier called the protesters «riots» that were a matter for China to deal with.

The activists claim that only countries like U.S can change the current situation in Hong Kong. Activists want the U.S to pass the Hong Kong Human Rights and Democracy Act. They call on president Trump to help «liberate» the city.

Thousands of protesters marched to the U.S consulate, waving American flags and singing the Star Spangled Banner. A huge banner that read «Do you trust the Communist Party? Are you crazy? Was hung from the overpass, and protesters repeatedly chanted slogans like «USA», and «Fight for freedom», stand with Hong Kong.»

Another banner was held by two Hong Kong protester; President Trump, please liberate Hong Kong. Defend our Constitution!

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Leave a comment

Filed under Politics

30th anniversary of the 1989 Tiananmen Square protests in China

Tiananmen Square Massacre on June 4th, 1989 remain as one of the most sensitive and most widely censored topics in China ever. Its memory is also widely associated with questioning the legitimacy of the Communist Party rule.

The Tiananmen Square protests were a student-led demonstration in Beijing in mid-1989, and it refers to the popular national movement inspired by the Beijing protests during that period, sometimes called the `89 Democracy Movement. Many of us can clearly remember the man in front of the tank.

A lot of students and many business people protested against the Communist Party because they wanted Democracy, and not a Communist, totalitarian and authoritarian Party. But the political elite didn`t listen to the people.

The protesters were forcibly suppressed after the government declared martial law and sent in the military to occupy central parts of Beijing in what became known as the Tiananmen Square Massacre.

Troops with assault rifles and tanks fired at the demonstrators trying to block the military`s advance towards Tiananmen Square. Estimates of the death toll ary from several hundres to over thousands.

 

Article 35 of the Constitution of the People`s Republic of China states: “Citizens of the People`s Republic of China enjoy freedom of speech, of the press, of assembly, of assossiation, of procession and of demonstration.”

 

Peaceful demonstrators were being labeled counter revolutionaries and terrorists who can be arrested, beaten and even killed by authorities. Dong had declared war and he expected the Chinese people to obey him. To fear him and to attack the students.

On April 26, 1989, Dongs opposition to the Democracy Movement was reprinted as an editorial in the Peoples Daily, and it was titlled; «The necessity for clear stand against turmoil.»

This is not an ordinary student movement, Dong complained. This is a well-planned plot whose real aim is to reject the Chinese Communist Party. The purpose of the students is to poison people`s minds. The whole nation must resolutely stop and oppose the students.

The protesters were not counter revolutionaries. They just wanted a reform. Not a revolution. They wanted to be allowed to exercise experience basic human rights including freedom of speech and freedom of assembly.

For all this the protesters were accused of commiting crimes.

The political elite in the Communist Party were shocked, frightened and confused. Dong expected the people to fear him and to obey him. Instead, they humiliated him. On April 27, 150, 000 protesters and 500,000 Beijing citizens took to the streets in protest against the government.

The government was shocked and ordered the students to return to their classes at once, but the students responded by demanding Democracy. Freedom of Speech. The end of corruption, and asking; “Why cant the peoples Prime Minister come out to meet with the people?”

The Movement escaleted and millions of people joined the students and supported them. The government`s efforts to stop the demonstrators have failed miserably. Ordinarly people had sided with the students.

«The Press must tell the truth» some of the posters said. «Full of lies» and.«Lying to the people,» «freedom of speech», «freedom of the press» is another one. Tens of thousands of students were crowding the streets, singing, chanting and cheering. They were singing;

Today we are blossoming

Tomorrow we are pillars of society

The Communist Party started Martial Law and crushed the Democracy Movement by military forces. China`s paramount leader Deng Xiaoping mobilized as many as 300,000 troops to Beijing.

They used the People`s Liberation Army to attack the unarmed peaceful Chinese people. It ended in a carnage and hundreds to thousands were killed and thousands wounded.

Protest leaders and pro-democracy activists was later exiled or imprisoned. Rioters was charged with violent crimes and some were executed in the following months. Some protesters were tortured. Western economic sanctions and arms embargoes on the People`s Republic of China followed.

The suppression on June 4 marked the end of a period of relative press freedom in China and media workers. Both foreign and domestic, faced hightened restrictions and punishment in the aftermath of the crackdown.

State media reports in the immediate aftermath were sympathetic to the students. As a result, those respnsible were all later removed from their posts. Some reporters were fired because they displayed sad emotions.

Editors and other staff at People`s Daily, including director Qian Liren and Editor-in-Chief Tan Wenrui, were also sacked because of reports in the paper which were sympathetic towards protesters. Several editors were arrested.

The Communist Party of China forbids discussion of the Tiananmen Square protests, and has taken measures to block or censor related information. Textbooks have little, if any, information about the protests. Film and books are banned and many newspapers shut down.

Access to media and internet resources on the subject are restricted or blocked by censors.

The people lost and the Communist Party won. Political reform halted, market reform delayed, freedom of speech restricted and media control tightened. Now, China is a totalitarian and authoritarian police state.

The state`s job of putting down dissent is made easier and more complete due to the increasingly widespread surveillance ranging from use of facial recognition technologgy, to cameras, to real ID registration, monitoring social media use, and sanctions for behaviour not acceptable to the liberal Communist regime in China.

Many countries in Europe use China as a role model.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

 

Leave a comment

Filed under Politics

Xi Jinping has been elevated to the same level as Mao Zedong

The largest political event of the year in China is «two sessions.» The National Peoples Congress (NPC) is the national legislature of the Peoples Republic of China. The party have 2,980 members (2018) and it is the largest parliamentary body in the world.

As the NPC and the Peoples Political Consultative Conference (CPPCC) are the main deliberative bodies of China, they are often referred to as the Lianghui (two sessions). Its annual meetings provide an opportunity for the officers of state to review past policies and to present future plans to the nation.

 

In theory, the NPC is the highest organ of state power in China, and all four PRC constitutions have vested it with great lawmaking powers. In practice, however, it usually acts a rubber stamp for decisions already made by the state`s executive organs and the Communist Party of China.

One of its members, Hu Xiaoyan, told BBC in 2009 that she has no power to help he constituents. She was quoted as saying; «As a parliamentary representative, I don`t have any real power.» But the Chinese leader Xi Jinping have.

The parliament is expected to rubberstamp major constitutional changes that will elevate the power of President Xi Jinping which means Xi Jinping has been elevated to the same level as Mao Zedong.

It will also confirm dropping China`s two-term presidential limit which means Xi could stay in power for life, leading China according to his new ideological guidelines, known as «Xi Jinping Thought».

Lianghui last between one or two weeks and this year the CPPCC started on 3 March and the NPC started on 5 March. The Chinese premier Li Kequang said that people in China must be fully prepared for a tough struggle. He warned that there will be greater risks ahead for China.

«Two sessions» comes amid tariff tensions with the U.S which is Chinas largest trading partner. As you may know, the U.S have placed huge pressure on Chinas economy and financial markets. Therefore, Li said that the growth target for 2019 will be 6,0 to 6,5 percent.

This years growth is in line with economists’ expectations. Last year, the Chinese economy grew at its slowest pace since 1990, expanding by 6,6 percent in 2018.

Last year, President Trump announced additional tariffs on $250 billion worth of goods from China and Li warned that the trade war with the U.S has so far had a negative impact on business activities in China.

But the tariff battle could soon ease while the two largest economies in the world are in the final stages of the trade deal that could end this month. Li reiterated Beijing`s commitment to «safeguarding economic glabalization» and pledged to promote China-U.S trade negotiations while advancing negotiations on other trade agreements.

Retail sales in China have slumped and as a result of that they are doing what President Trump did; they will cut the taxes and boost the growth.

Li told the NPC that China would aim to deliver nearly 2 trillion yuan ($4298bn) of cuts in taxes and other company fees. It plans to boost spending and increase foreign firms’ access to its markets.

China will also increase its military budget by 7,5 percent to 1,2 trillion yuan. The country`s defence spending is closely watched for any signals as to its military intentions.

A slower growth in China is not good news for the West. A slower growth in China means that they will buy less from the West while it accounts for one-third of the global growth.

But take official growth figures from China with a pinch of salt. For all I know, I could be as low as 5 percent, but tax cuts could push the growth up again. In the longer run, the growth will continue to decline.

The richer China get, the slower the growth will be.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Leave a comment

Filed under Politics