Australian (ASX) Stock Market Forum

China Internal Disturbance Risk

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One side of the pole.

Other side is Xi comes out of COVID smelling like roses.

Both possible, but unlikely.
Somewhere in middle ground of above poles is more probable. Not sure what that looks like though.

My sources do mention cases of unrest, but, all the animals would need to rush the cage gate like synchronised swimmers for a full collapse.

It's the method to arrange and enable an event like this to happen which is telling. If it happens, it's military backed. It's the only way it CAN happen.
Covid insanity might just be the tipping point, however,, like they were a necessary life item.

Panic buying has hit parts of Beijing...
"a lot of them (general Chinese population) still actually have that deep COVID fear that we witnessed around the time when people were fighting for bog rolls"

This the difference, I believe. Fear creates the feared object/outcome. I know it's not socially acceptable to hold such new age beliefs, but I see it all the time, not just in relation to covid, but everything in life. If you go around thinking there's a bogey man around every corner, your chance of meeting one is many times higher than if you didn't harbout such fears.

If they could just relax a bit and let things play out as has happened elsewhere in the world, I think they'd be fine. Covid numbers would just naturally diminish.
 
If they could just relax a bit and let things play out as has happened elsewhere in the world, I think they'd be fine. Covid numbers would just naturally diminish.
They must've done a good job over there on the fear campaign. The CCP is now reaping the rewards... ?

Shanghai is a hotspot right now, and has already been dubbed a potential "Tiananmen Square" style event..

Glad to not be stuck over there or in Victoria... (do Victorians have memories like goldfish?)
 
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"a lot of them (general Chinese population) still actually have that deep COVID fear that we witnessed around the time when people were fighting for bog rolls"

This the difference, I believe. Fear creates the feared object/outcome. I know it's not socially acceptable to hold such new age beliefs, but I see it all the time, not just in relation to covid, but everything in life. If you go around thinking there's a bogey man around every corner, your chance of meeting one is many times higher than if you didn't harbout such fears.

If they could just relax a bit and let things play out as has happened elsewhere in the world, I think they'd be fine. Covid numbers would just naturally diminish.
I did hear somewhere that Chinese and Japanese populations have more genes that encode for social anxiety. I believe a Cairns tour bus operator told me and it explains why tourists to that humid rain-soaked mecca tend to stick about in one big mob when they get off the bus.

This may explain the reactions of the population in Shanghai ( isn't it called something else now? ). It doesn't explain though the behaviour of the DNA diluted Victorians during lockdown, who have a greater distance between themselves and the first human who left Africa for the Middle East and Europe than possibly anywhere else in the world. Their genes appear to only encode for cheating at football contests and driving caravans dangerously through Queensland.

Outwith all that the Shanghaians are revolting.


gg
 
I imagine a similar thing will happen in China to what happened here, they will fight the spread of covid for as long as they can, until finally it proves futile, then they will relax the rules over a couple of months as the virus spreads and eventually it will be business as usual.

The sooner this happens the better, their case numbers are getting to the point where it’s going to be difficult to bring them down, especially if the public have lost the willingness to try.
 
I did hear somewhere that Chinese and Japanese populations have more genes that encode for social anxiety. I believe a Cairns tour bus operator told me and it explains why tourists to that humid rain-soaked mecca tend to stick about in one big mob when they get off the bus.

This may explain the reactions of the population in Shanghai ( isn't it called something else now? ). It doesn't explain though the behaviour of the DNA diluted Victorians during lockdown, who have a greater distance between themselves and the first human who left Africa for the Middle East and Europe than possibly anywhere else in the world. Their genes appear to only encode for cheating at football contests and driving caravans dangerously through Queensland.

Outwith all that the Shanghaians are revolting.


gg
Hey, take it easy on the Victorians! Some of us voted against Dan's recent reinstallment.
 
A little more news

The article says “These protests clearly have dozens, maybe hundreds, of people behind them".

Hundreds! That's in contrast to billions of obedient citizens who will stay indoors for as long as Xi Ping Pong tells them to.

It's obvious he's presuring everyone in order to identify the few "trouble makers". Once they and their families are locked up (without trial), he will be able to lift the restrictions. Presumably there's a few more bad apples to weed out yet. You can bet your bottom dollar this is what's behind it. Nothing to do with covid. The regime is terrified of an uprising.
 
My contacts in Kazakistan tell me that protests have begun in Almaty against Tokayev's re-election as president.

Also Russian customs are preventing resupplies to Wagner and the Donetsk militias and Wagner ain't happy about it. Somebody may get it in Der Ring des Nibelungen. Talk of Pushillin and Wagner mounting a coup on Putin.

So all the usual suspects seem to be revolting at the same time as those in Shanghai.

What a kerfuffle.

gg
 
My contacts in Kazakistan tell me that protests have begun in Almaty against Tokayev's re-election as president.

Also Russian customs are preventing resupplies to Wagner and the Donetsk militias and Wagner ain't happy about it. Somebody may get it in Der Ring des Nibelungen. Talk of Pushillin and Wagner mounting a coup on Putin.

So all the usual suspects seem to be revolting at the same time as those in Shanghai.

What a kerfuffle.

gg
Brazil getting "interesting" also.
 
Good morning
Been reported today (28/11/22) China has donated $100m to Cuba to help it survive a crippling economic crisis exacerbated by the coronavirus pandemic, the island nation’s Deputy Prime Minister Alejandro Gil revealed on Saturday.

The donation came as Cuban President Miguel Diaz-Canel concluded a visit to China, part of a rare foreign trip.

Chinese President Xi Jinping and Diaz-Canel met on Friday and “the offer arose of a donation of around $100 million by China,” Gil told Cuban state television.

Have a very nice day, today.

kind regards
rcw1
 
The article says “These protests clearly have dozens, maybe hundreds, of people behind them".

Hundreds! That's in contrast to billions of obedient citizens who will stay indoors for as long as Xi Ping Pong tells them to.

It's obvious he's presuring everyone in order to identify the few "trouble makers". Once they and their families are locked up (without trial), he will be able to lift the restrictions. Presumably there's a few more bad apples to weed out yet. You can bet your bottom dollar this is what's behind it. Nothing to do with covid. The regime is terrified of an uprising.
I have really been puzzled by xi handling of covid recently.face saving? Not really
Cutting the ties between China and west..probably #1 reason but you might be right.a bit like covid was used as a test in the west on how much crap we could take , this is probably same there.pinpoint the "dangerous activists" move them out..yeakkkk... and you end up with a purged Chinese society.And stop covid restrictions as a reward to the masses in a month or 2.
You might be onto something
 
Hey, take it easy on the Victorians! Some of us voted against Dan's recent reinstallment.
Anyone did not vote for our own version of CCP dictature?
I once remember the left saying about Jeff Kennet:
That he was a dictator..lol.
.he was a kindergarten bully compared to Andrew...
Fascism was and remains a left extremism and is not dead
 
Anyone did not vote for our own version of CCP dictature?
I once remember the left saying about Jeff Kennet:
That he was a dictator..lol.
.he was a kindergarten bully compared to Andrew...
Fascism was and remains a left extremism and is not dead
This is what most midwits don't understand, that fascism (and indeed Nazism) are ideologies of the left, right down to the extreme identitarianism and racism.
 
There are several videos coming out of China depicting large-scale protests. How is this situation different to all the other periods of unrest this year? Anyone remember when citizens refused to pay their mortgages due to developers collapsing - the CCCP ended up intervening to ensure credit continued to flow to developers.
 
The China Committee has been meeting here at the hotel overnight and await the opening hour.

The general consensus which agrees with the Financial Times China Desk ( thanks Steve ) is that ole Xi has two options.

1. Repression of the demonstrators and a continuance of lockdowns either in their original form or modified slightly.

2. Open up China with a surge in Covid cases wiping out millions of older and vulnerable citizens during northern winter.

Either way will not be easy for the CCP nor ole Xi.

Every empire has it's day.

gg
 
Seeing someone help another fills me with pride & joy.

In 1980, a 12-year-old Ma met an Australian family from Newcastle, the Morleys, who were visiting his home town of Hangzhou. The family’s patriarch, Ken Morley, an electrical engineer, became a mentor figure to the young Ma, helping him improve his English and flying him to Australia in 1985 on his first overseas trip.
“When I arrived in Australia, I was so shocked and amazed by the wonderful things, the people, the culture, the landscapes, the products,” Mr Ma said in 2016.
“I was … educated in China that China was the best and richest country in the world … when I arrived in Australia I saw the world was so different,” he said, adding the trip “totally changed my future”.
Seeing members of the Morley family was the main reason for last weekend’s trip, The Australian was told by a person familiar with Mr Ma’s schedule.
It was the first time they had met in Australia since Mr Ma visited in 2017 to announce a $29m scholarship at University of Newcastle named in honour of the Morley family.

Chinese billionaire Jack Ma jets out of Australia after ‘personal trip’

Elusive Chinese tech billionaire Jack Ma has left Australia after a “personal trip”, the Alibaba founder’s first visit in six years to a country he has credited with changing his life.

Until he became the highest-profile victim of a Chinese tech crackdown launched by President Xi Jinping in 2020, Mr Ma was China’s most celebrated business figure and would regularly travel to meet world leaders.

Now rare sightings of the secretive billionaire light up the Chinese internet. The most recent viral photo showed Mr Ma, 58, drinking a bottle of Coca-cola in a Melbourne hotel foyer.

Elusive Chinese tech billionaire Jack Ma has left Australia after a “personal trip”, the Alibaba founder’s first visit in six years to a country he has credited with changing his life.

Until he became the highest-profile victim of a Chinese tech crackdown launched by President Xi Jinping in 2020, Mr Ma was China’s most celebrated business figure and would regularly travel to meet world leaders.

Now rare sightings of the secretive billionaire light up the Chinese internet. The most recent viral photo showed Mr Ma, 58, drinking a bottle of Coca-cola in a Melbourne hotel foyer.

The Australian has confirmed the photo was legitimate and that Mr Ma has since left Australia.

“It was just a personal trip,” said a person familiar with the internet entrepreneur’s itinerary.

Before the breakdown of Australia and China’s bilateral relationship, Mr Ma spoke of the formative role Australia had played in his remarkable business story, which saw him amass a fortune worth more than $35bn.

In 1980, a 12-year-old Ma met an Australian family from Newcastle, the Morleys, who were visiting his home town of Hangzhou. The family’s patriarch, Ken Morley, an electrical engineer, became a mentor figure to the young Ma, helping him improve his English and flying him to Australia in 1985 on his first overseas trip.

“When I arrived in Australia, I was so shocked and amazed by the wonderful things, the people, the culture, the landscapes, the products,” Mr Ma said in 2016.

“I was … educated in China that China was the best and richest country in the world … when I arrived in Australia I saw the world was so different,” he said, adding the trip “totally changed my future”.

Seeing members of the Morley family was the main reason for last weekend’s trip, The Australian was told by a person familiar with Mr Ma’s schedule.

It was the first time they had met in Australia since Mr Ma visited in 2017 to announce a $29m scholarship at University of Newcastle named in honour of the Morley family.

Melbourne has also been the headquarters of e-commerce giant Alibaba’s Australia and New Zealand operations, and is still the base for an outpost of his philanthropic foundation.

Mr Ma stood down from the board of Alibaba in late 2020. By the end of that year, Mr Xi ordered the cancellation of Ant Group, a spin-off fintech business Mr Ma had founded.

reportedly became furious at Mr Ma over public criticism he had made about Chinese financial regulators. In January, Mr Ma agreed to shrink his voting rights in Ant from more than 50 per cent to 6.2 per cent, formally ending his control of the company. He has been mostly living in Tokyo.

The Xi era has been a dangerous time for Chinese entrepreneurs. Beijing-based investment bank China Renaissance recently made an extraordinary filing to the Hong Kong Stock Exchange, admitting it was unable to make contact with its CEO, Bao Fan. The company’s shares has lost 30 per cent of their value on the news.

The investment banker’s disappearance came less than six months after China Renaissance’s president, Cong Lin, was taken away by Chinese authorities.

Desmund Shum, who wrote a book on his personal experience working in China’s elite business circles, said this was a “very, very scary moment” for the Chinese tech investment industry.

“Is (Beijing) going after individuals or going after the tech investment industry? I think that’s the most important question to ask,” said Mr Shum, whose ex-wife remains in prison in China after being investigated for her business activities.

WILL GLASGOW NORTH ASIA CORRESPONDENT
HEIDI HAN REPORTER



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Jack Ma in Sydney in 1985. The billionaire says his trip to Australia changed his life.

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Jack Ma during his ‘personal trip’ to Melbourne.
 
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