The National People’s Congress of the Communist Party of China passed changes to the electoral system in Hong Kong, and Hong Kong entered a new phase of direct Communist Party rule. Xi’s army took over 10 trillion dollars of Chinese assets in Hong Kong, while targeting two major power groups in Hong Kong, and opened a money grab mode in Hong Kong.
The Biden administration’s high-level trip to Asia emphasizes the importance of allies to the United States, avoids talking about the Chinese Communist Party‘s invasion of Taiwan, and has no high expectations for high-level U.S.-China talks.
With China’s huge demographic dividend disappearing, what are the prospects for school district investment and the teaching profession? See what independent big data experts are predicting.
On Wednesday, the Biden Administration served subpoenas on several Chinese companies under a Trump executive order to review the information and communications technology services supply chain, and also began revoking the rights of Chinese communications companies to operate in the United States.
Wang Jianlin’s richest man becomes the first “negative”! Kicked out of Apple’s supply chain, this Chinese company lost more than 10 billion.
Xi’s army took over 10 trillion assets of Chinese capital in Hong Kong
Recently, there is a series of personnel changes in the Hong Kong Liaison Office, the latest appointment is the Hong Kong and Macao Affairs Office Director Xia Baolong’s old staff Yin Zonghua as deputy director of the Liaison Office, in charge of Chinese institutions and economic and trade.
Hong Kong 01, a major foreign news outlet, reported earlier that there was a “tsunami” of staff changes within the Liaison Office, with half of the 480-person establishment changing, an unprecedented scale. However, the “whistle blower” of Radio Free Asia’s “Whistleblower” analyzed that among the 240 positions to be replaced, Wan’s appointment is the most crucial.
According to commentator He Jiahui, Beijing‘s purge of Hong Kong under the pretext of “national security” is just a pretext, but behind it is the word “money”, and Wan’s appointment is the most crucial. On the other hand, there are signs that the Communist Party has taken the lead in targeting two major groups in Hong Kong that are in possession of land resources – the big real estate families and the New Territories gentry forces – after the real “power grab” in Hong Kong.
The Chinese Communist Party’s attack on Hong Kong’s electoral system in the name of “national security” is in fact just a pretext, but the real reason is the “money”. In the early days of the transfer of sovereignty in Hong Kong, the Liaison Office was still a “messenger office”, but since the first “national security law” controversy in Hong Kong in 2003, the functions of the Liaison Office began to expand, with more power to directly oversee the Chinese institutions in Hong Kong. “Which faction has the ‘fat job’ of deputy director of the Liaison Office, which faction will have a lot of money!”
According to the “Profile of Chinese Enterprises in Hong Kong” on the official website of the Liaison Office, Chinese enterprises in Hong Kong are the largest group of Chinese enterprises overseas, with the following figures as of the end of 2013.
There are more than 3,200 Chinese enterprises in Hong Kong, with total assets of nearly HK$14 trillion, of which 27 have assets of over HK$100 billion.
According to the Hong Kong Stock Exchange, there are 797 mainland H-share, red-chip and non-H-share private enterprises listed in Hong Kong, accounting for 48.5% of the total number of companies listed on the Hong Kong Stock Exchange; their market capitalization amounts to HK$13.69 trillion, accounting for 56.9% of the total market capitalization of the Hong Kong stock market.
According to the analysis of Free Asia, the above figures show that the “fat pork” of Chinese capital under the jurisdiction of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region is a “must-have” place for soldiers. Now that the constitutional changes in Hong Kong have been completed, and with Yin Zonghua, a former member of Xi’s National Committee of the Chinese People’s Political Consultative Conference, “parachuted into the Liaison Office” to take charge of the tens of trillions of dollars of Chinese assets in Hong Kong, “it means that the Chinese capital is in charge of the Chinese government. This means that the ‘coffers’ of Xi Jinping‘s camp, the general secretary of the Communist Party of China, have increased significantly.
The Chinese Communist Party directly controls Hong Kong to grab money, targeting two major power groups
In addition to Hong Kong’s Chinese-owned institutions, there is every indication that Xi Jinping’s administration may have simultaneously set its sights on another major wealth segment in Hong Kong – land resources.
Vice Premier Han Zheng, who is in charge of Hong Kong and Macau affairs, met with Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor and Hong Kong deputies to the National People’s Congress during the two sessions. Some participants revealed that Han Zheng said that after revising Hong Kong’s electoral system, the next step is to solve economic and livelihood issues, and pointed out that among them, the housing problem needs to be solved urgently, “even though it is very difficult, but there is always a Time to solve the beginning.”
In an interview with Bloomberg on March 16, Huang Qiuzhi, founder of the newly emerged pro-communist party “Bauhinia Foundation”, said that Hong Kong’s “outdated” legislature and political battles have prevented Hong Kong from solving its housing problems. Hong Kong needs a long-term housing policy, “no one can stop it.”
Bloomberg said that the four wealthy families of Hong Kong, the Kwok Tak-sing Family, the Lee Shau-kee family, the Li Ka-shing family and the Cheng Yu-tung family, who got rich from real estate, have been targeted by Beijing (are in Beijing’s crosshairs).
In addition to the big property developers being targeted by the Chinese Communist Party, another group that holds huge land resources in Hong Kong’s rural areas, the New Territories rural affairs forces, also seems to be in a bad situation. Just after the two sessions of the National People’s Congress, the Hong Kong Independent Commission Against Corruption (ICAC) suddenly took “mansard” action last week, arresting 24 people involved in the Yuen Long case, including Ching Chun-ming, chairman of the 18 Rural Committees, and Wang Kwong-wing, father and son of the “village house king”, charging them with suspected corruption and fraud, touching the rural affairs The huge set of Ding interests network.
At the same time, the National People’s Congress passed the decision to amend the electoral system, the reorganization of the “Chief Executive Election Committee” in the five major groups, there is no longer “Heung Yee Kuk representatives”.
Hong Kong current affairs commentator Liu Shiliang wrote an article in Apple Daily recently, analyzing that the real goal of the Chinese Communist Party’s changes to the Election Committee is to make the business sector in Hong Kong can no longer play the role of “kingmaker”, and the subsequent deployment is the “Hong Kong land reform”, by solving the previous Chief Executive’s unsuccessful efforts The real goal is to make Hong Kong’s business sector no longer play the role of “kingmaker,” and the subsequent deployment is the “Hong Kong land reform,” which will consolidate its position by solving the “deep-rooted conflicts” over land and housing issues that have been unsuccessfully resolved by successive capitals to make Hong Kong people accept Beijing’s direct mode of governance.
U.S.-Japan “2+2” Talks Stress Importance of Peace and Stability in Taiwan Strait
U.S. Secretary of State John Blinken and Secretary of Defense John Austin hold a joint press conference with Japanese Foreign Minister Toshimichi Motegi and Defense Minister Nobuo Kishi on Tuesday (March 16) to announce their consensus after several sessions of talks, including a recognition that China’s behavior is not only inconsistent with the existing international order, but also poses challenges to the U.S.-Japan alliance and the international community.
Photo: U.S. and Japanese foreign and defense ministers meet in Tokyo on March 16, 2021 for 2+2 talks
U.S. Defense Secretary Austin did not mention Taiwan during his speech, but was asked twice during a question-and-answer session with reporters about the Taiwan Strait situation, including whether China’s threats include Taiwan in addition to the Senkaku Islands (known in China as the Diaoyu Islands) and whether he agreed with U.S. Indo-Pacific Commander Admiral Davidson’s assessment last week that China could take military action against Taiwan in the next six years.
Austin did not respond directly to either question, but emphasized that the goal of the U.S. Department of Defense is to maintain superiority over anyone who wants to threaten the U.S. or U.S. allies, whether China or others, and that what the U.S. wants to do is develop operational plans and capabilities sufficient to deter any aggressor, and that a significant portion of U.S. capabilities come from the combined forces of allies like Japan.
As for Davidson’s question about the “timeline” of the Chinese Communist invasion of Taiwan, Austin said he had a good discussion with Davidson during his visit to Japan ahead of Indo-Pacific Command, and that he should not get into any hypothetical or speculative questions, and that his job as secretary of defense is to ensure that the United States has sufficient capabilities to meet any challenge to the United States or to the alliance. challenge to the United States or to the alliance.
White House Downplays High-Level U.S.-China Talks This Week
U.S. and Chinese Communist Party officials plan to hold their first high-level meeting in nine months Thursday (March 18, 2021) in an attempt to ease bilateral tensions.
White House spokeswoman Sachs was asked Tuesday during an interaction with the media aboard the Air Force One presidential jet what the Biden administration expects from the meeting. She said, “I don’t think it’s part of a series of talks between the two sides. This meeting was attended by the national security adviser and the secretary of state, but at this point I would not extend this meeting to more of these talks in the future.”
The Communist Party’s Foreign Ministry referred to the meeting of top U.S. and Chinese officials as a high-level strategic dialogue between the United States and China. However, Secretary of State Blinken has said publicly that the meeting was not a strategic dialogue. A senior Biden administration official said at a White House background briefing Tuesday that the meeting was just the beginning so the two sides could get to know each other first, saying the talks would provide important information in developing a U.S. national security strategy and that the two sides would not issue a joint statement after the meeting.
Who would have thought? China Has a Serious Problem That Will Blow Up in 3 Years
As we all know, China’s huge demographic dividend is disappearing due to the Chinese Communist Party’s misguided family planning policies. An independent Chinese big data expert, Barbarian Warrior, based on the number of dropouts at the junior high school level in China in the last 30 years, as well as population birth data, analyzed that half of the number of elementary school will be eliminated in the next 10 years, and one third of elementary school staff will lose their jobs. He even speculated that many school districts will lose their value and teacher training majors will become sunset majors. This is for reference only.
Table 1: Calculation of the number of dropouts from compulsory Education
It is easy to see from Table 1 that the peak of dropouts occurred in 2014, when the number of dropouts reached 4.69 million. By 2020, the number of dropouts drops to 380,000, a 91.9% decrease from 2014.
Recent Comments