Tag Archives: Hong Kong

Hong Kong falls into recession

The freedom-fighters continue to protest against the Communists in China, but it isn`t cheap. The Hong Kong economy shrank 2,9 percent YoY in the third quarter of 2019. They`re on the way down to recession for the first time since the third quarter of 2009.

The economy is declining while the government spending are growing at a faster pace. What a toxic mix. Government spending increased 5,3 percent while fixed investment declined 16,3 percent. Private consumption shrank 3,5 percent and exports of goods fell 7 percent.

The freedom-fighters in Hong Kong have used masks for months now, but today they celebrated Halloween. But the Hong Kong police fired tear gas into the crowd of masked Halloween protersters.

People in Hong Kong need to know that the rest of the world is supporting them, and everybody in this world must ask themselves what the value of money is compared to freedom? Readers of Shinebull.com know that money is worthless. Freedom isn`t.

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.

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China is staging one of its biggest military parades ever while Hong Kong`s protesters made a “Chinazi” flag

China is staging one of its biggest military parades ever. It`s a celebration of 70 years of Communist Party rule as pure, political triumph. It is set to be the largest military parade and mass pageant in Chinese history.

The 70th Anniversary of the Founding of The People`s Republic of China is an upcoming ceremonial event with a grand military parade as its spotlight to celebrate National Day of the People`s Republic of China that is scheduled to take place on 1 October 2019 in Beijing.

President and Chairman of the Central Military Commission Xi Jinping, who will be the guest of honor, will give the holiday address to the nation and Chinese expatriates abrod before inspecting the formations along Chang`an Avenue.

The Communist Party of China had defeated the Kuomintang Party following the Chinese Civil War, which occurred intermittently between 1927 and 1949. In the aftermath of the civil war, the Kuomintang and its loyalists then retreated to the island of Formosa (also known as Taiwan), formerly a prefecture of the Qing Empire, which had been under Japanese colonial rule from 1895 to 1945.

The founding of the People`s Republic of China was formally proclaimed by Mao Zedong, the Chairman of the Communist Party of China, on 1 October 1949 at 03:00 pm in Tiananmen Square in Beijing.

The first public parade of the then new People`s Liberation Army took place there, following the chairman`s address of the formal foundation of the new republic. Before this, as the national anthem March of the Volunteers was played, the new national flag of the People`s Republic of China was officially unveiled to the newly founded nation and hoisted for the first time during the celebrations as a 21-gun salute fired in the distance.

In its early years, the People`s Republic of China was not internationally recognized as the Republic of China held its seat in the United Nations and the Security Council as the sole legitimate government of «China» by the United States and Western nations.

A massive National Day fireworkks display had been planned along the harbour in Hong Kong to celebrate the 70th anniversary. As it has done every year since 1997, Hong Kong government cancelled them «for safety reasons» over the protests in the city that have lasted since March.

Safety is one thing. Popularity is another. Hong Kongers doesn`t like Beijing and China.

Hong Kongers have made a new poster: swastikas and the term «Chinazi.»

A few weeks ago, the protesters marched to the US consulate to urge Congress to pass the Hong Kong Human Rights and Democracy Act. Many had American flags. Others had a red flag with yellow stars arranged in the shape of a swastika.

A week later they all had a «Chinazi» flag made by local pro-democracy party people power. They also made a banner that cast chief executive Carrie Lam as an unmistakable Hitler, giving her the lavel «Butcher Carrie» against a backdrop of yellow swastikas.

On Sunday 29 September, coinciding with the 80th anniversary of the divvying up of occupied Poland between Germany and the Soviet Union, Hong Kongers held a large protest, alternately dubbed the «Global Anti-Totalitarianism March» and the «Global Anti-Chinazi March,» alongside dozens of citis around the world.

«Chinazi» is drawing comparisons between the Holocaust`s concentration camps and China`s internment camps in Xinjiang.

Hitler and the Nazis committed one of the worst atrocities ever in human history, orchestrating a state-sponsored genocide that led to the murder of millions of people. Not only Jews, but also political opponents, gay men, roman`s, gipsy`s and millions of mentally and physically handicapped induviduals.

Comparing China to Nazi Germany comes from the author of the book; Nazi China, written by the exiled Chinese writer Yu Jie. The man also wrote a biography of the late Nobel Peace Prize laureate and activist Liu Xiaobo.

Chinese state media called Hong Kong`s protesters «Blacknazi,» while the police called them «cockroaches,» and protesters regularly refer to police as «dogs.»

Hitler and the Nazi`s committed one of the worst atrocities ever in human history. They were the worst state-sponsored terrorist group in human history. Trump talked about freedom of religion, hate crime and state-sponsored torror in his UN speech last week, and the term «Chinazi» sends a warning to the world. The history may repeat itself.

Since the handover in 1997, the share of people in Hong Kong identifying as Chinese have declined, reaching 38,6 percent in 2008. Today, the number is just 10,8 percent. Meanwhile, the share of people identifying as HongKongers has increased dramatically over the last decade, hitting 53 percent this year.

China Central Television (CCTV) is expected to mainly broadcast sychronously for domestic and foreign TV channels with CCTV-1 as the producing channel for the celebrations, while national, provincial and city broadcasters and TV stations, domestic internet video, portals, and live webcast sites may also broadcast the event simultaneously.

The China Media Group (general station) may also broadcast live overseas through websites such as YouTube.

People in China are grateful and loyal and accept the Communist Party and their lack of political freedom because they have benefited from this explosion of material wealth and opportunity. Don`t forget that free market Capitalism made China rich.

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.

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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.

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China has committed to respect Hong Kong`s autonomy until 2047

A few days after the 30th anniversary of the 1989 Tiananmen Square protests in China, hundreds of thousands of people took to the streets of Hong Kong to protest a proposal extradition law. If the bill gets passed, it would allow Chinese authorities to order Hong Kong authorities to arrest and deport suspected criminals to mainland China.

This is a big deall because a lot of so-called «crimes» in mainland China are not crimes in Hong Kong or other free countries. This is crimes like wanting more democracy and rule of law. Liu Xiaobo was a Chinese human rights activist who was sentenced to 11 years in jail.

Liu Xiaobo wanted democracy and he is the founder of the Charter 08 campaign for constitutional reform, but the Communist Party didn`t like that at all. The Catholic bishop died in China after 14 years in prison because of his faith.

Cosmas Shi Enxiang said to have spent half of his 94 years in prison or working in forced labour camps because of his faith. This triggered renewed criticism of the Godless Communist Party`s draconian curtailment of religious freedoms.

This is what British Prime Ministe Margaret Thatcher said in a meeting with Communist leader Deng Xiaoping when they negotiated the terms over Hong Kong to China. They came to this agreement that Britain would give over Hong Kong peacefully to China, under the condition that Hong Kong would be able to retain its way of life, legal system, their economic system, freedom of speech, freedom of press and freedom of association.

These are fundamental freedoms, Thatcher said. Freedom of religious worship. These are fundamental freedoms, and they must continue, she said.

China agreed and said they will let them be independent and govern themselves for 50 years while they kind of adjusted to Chinese rule The system was called «One country, two systems» model and it was kind of unprecedented. And this is why the border between Hong Kong and the rest of China is so weird. It divides China from…..eh…..China. That`s odd.

The border seperates the country into two, but also because it has an expiration date: July 1st, 2047.

Until then, China has promised to stay out and let Hong Kong be highly autnomous. Hence the border. But the government of China doesnt want to wait until 2047. Theyre ready to start erasing this border now.

They want to make Hong Kong a proper part of China and one of the ways theyre doing that is their huge bridge between mainland China and Hong Kong. It is the worlds largest sea crossing bridge and its 55 kilometers. That`s 34 miles. The bridge connects Hong Kong with Macau and mainland China.

But why do Hong Kong have a border with China if they belong to China? We need to look at the history. Britain and China fought a couple of wars over trade in the 1800s and Britain took over Hong Kong as a colony.

At this time, this was a mainly empty rocky group of islands in Southern China. Under British rule, Hong Kongs population and economy exploded and even though Hong Kongs population was mainly made up of immigrants from China, it became a very different society than mainland China which was undergoing a communist revolution.

One of the treaties that China and Britain signed said that Hong Kong would be a British colony for 99 years, which meant that the agreement would officially expire in 1997. Thatcher and Xiaoping had a meeting in the 80`s and called the agreement «One country, two systems.»

The border in Hong Kong became a symbolic of the fact that China was some kind of its own country at the same time. Hong Kong is governed with its own values and its own system that is different than China, that is in opposition to China in some ways.

China has committed to respect Hong Kongs autonomy until 2047, and for the first decade after the handover, they respected that promise. Hong Kong was Chinas most economically productive city. In the early 80s, right before the handover, Hong Kong was more than a quarter of the size of Chinas entire economy. You see why China would agree to these terms. They wante to make Hong Kong happy and economically free. But then things changed.

Shanghai, Chongqing, Beijing, Guangzhou and Shenzhen was growing fast and became China`s Mega Cities. These cities eventually eclipsed Hong Kong as the economic powerhouse of China. Shenzhen is the city that shares the border with Hong Kong went from a small fishing village of around 30,000 people to a super productive economic powerhouse of over 10 million in just a few decades.

Hong Kong made about 27% of Chinas GDP in the early 90s but today the number is only 3%. So, Hong Kong, once the economic powerhouse of China and the gateway to the West, became much less economically relevant.

Now, the Chinese government doesnt have the same incentives to respect Hong Kongs autonomy. This is why we see a flood of Chinese influence in Hong Kong. You can see on the news in Hong Kong. The language of the news in Mandarin which is the official language of China.

But in Hong Kong they dont speak Mandaring, they speak Cantonese. Dont they say if you want to kill a city, you kill its language first?

Last time people in Hong Kong protested was in 2014. The Chinese government was trying to control who could run for Hong Kong`s election in an effort to secure a pro-China candidate.

This really tuched a nerve for the locals because this was their democratic process. Something that China promised they would stay out of. So, people immediately took to the streets and protested. The movement at that time was called the «Umbrella movement.»

The Umbrella Movement was a manifestation of this growing Hong Kong identity and the resistance to Chinese government influence. People in Hong Kong see themselves as Hong Kongers and only 18% say they see themselves as Chinese.

People in Hong Kong use to meet in Victoria Park with lights. These candleholders stand as a symbol of the fight for democracy against China`s single party rule. The fight in Tiananmen Square is the same fight we see in Hong Kong today.

They are resisting a powerful China in the struggle for their own democracy and identity. People in Tiananmen Square lost the fight 30 years ago. Who will win in Hong Kong?

This is a big challenge to Hong Kongs leadership. Especially Chief Executive Carrie Lam whos the equivalent of Hong Kongs governor. She defended the Extradition Bill, and thats why she is so unpopular.

«I have not received any instruction or mandate from Beijing to do this bill,» she said live on TV. So, she decided that it is OK that the Communist Party in Beijing run roughshod over Hong Kong`s rule of law? This is why people want her to resign over the bill.

The Communist Party and the Mainstream/state-run Media in China blame on USA, CIA and Foreign forces. They claim «Foreign forces are seizing the opportunity to advance their own strategy to hurt China by trying to create havoc in Hong Kong.» The State-run media doesn`t specifically name who those foreign forces are.

Both, young and old people protested in Hong Kong in 2014 in the Umbrella Movement. The same happened on Sunday. Not only students, but also lawyers and business people were protesting. They did it because it is important for them and for Hong Kong. They don`t want a Godless, Communist one rule party to dictate them. They want freedom and liberty.

This GIANT protest in Hong Kong can change everything.

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.

 

 

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The hottest stock market in the world

The stocks in Shanghai rebounded today, up +2,93% after a big drop yesterday. It was a global sell-off yesterday too, and many blame Shanghai for that. Others say Greece was the problem. The U.S stock market was about flat, but we saw a bigger drop in Europe, because Europe is the problem right now.

SSE

Shanghai index

The sell-off in Shanghai yesterday was huge, but necessary. Take a look at the index above. Shanghai have skyrocketed and a drop above five percent is healthy. I can`t hide the truth that Shanghai is the worlds hottest stock market right now.

The Shanghai stock market is up 35% for the year and the correction yesterday is the sharpest correction in five years, led by financials and energy. The Shanghai Index was extremely overbought. The Hang Seng China Enterprises Index of Chinese stocks listed in Hong Kong also fell 4,6 percent.

Investors are optimistic about the prospects for further monetary stimulus to the economy and the valuation to the projected earnings had reached the top and peaked at the highest level since July 2011.

The authorities said the growth target for next year will be 7%, and that`s down from this year`s 7,3%. This is probably one of the triggers for the market correction yesterday, but I don`t think that is enough to alter investors bullish view of the Chinese stock market in the future.

The biggest loser yesterday was financial and energy stocks, but falling oil prices is bad for oil-exporting countries and company stocks around the world, but not for China. Oil-importing countries like China will benefit from the falling oil prices.

Take a look at the technical analysis of both Shanghai and S&P 500. Shanghai peaked in October 12, 2007, at 5,903. Now it is trading just below 3,000, which means this is probably just the beginning of a new bullish trend.  S&P 500 is at the all time high.

Some people see opportunities after a correction like yesterday, but others are full of fear. Shanghai is up 2,93% today.

 

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.

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