40 Burst results for "Hong Kong"
Fresh update on "hong kong" discussed on Financial Exchange with Barry Armstrong
"View Taiwan in a very similar way that they've you Hong Kong, which is part of their autonomous region, part of China, and so I don't think we should be surprised whatsoever if they start treating Taiwan similar to Hong Kong. The question becomes right. We've been talking about how challenging it's going to be for the United States. I mean, China also needs to be cautious here, right if they push things too far if they really have Terrible things happening with the weaker population that actually become public. Right now. It's all just hidden because they don't allow any reporters in that region. They have that happen if they really pushed things on Taiwan. It's also possible that they do you know, mobilize Western countries against them, and which point you know that becomes a concern for China. It's not a big deal. If the U. S alone takes issue with China, or Korea or Japan do But if the U. S. Japan, Korea, Australia, Germany, Southeast Asia, Germany All you know, mobilized against China in some way, shape or form then that does become problematic for them and does potentially shift behavior. But I would stress that I have seen. I have noticed at least a pretty big shift in messaging coming out of China. Really over the last few months here coming out of the pandemic where it's you know, it's gone from Oh, yeah, we'll try and work with you, too. No, we won't be pushed around anymore. Yep, That's the message that I'm hearing from China the stage and that's that's frightening. That's concerning. Yep, it does raise the issue of you know, we we were rely, and we learned this during the pandemic. We rely on way too many things coming out of China, whether you're talking about medical equipment medical devices. Now the this computer chip shortage you go to try to buy a car today and you say I want order a brand new Ford F 1 50. You may or may not be able to get that vehicle. Forget about the price. Just the chip shortage and China has their arms around the chip business much more than in the United States, so they're going to feed themselves first. Obviously. Yeah, I hesitate to say that China has a much firmer grasp on this that if if this were again it's in Taiwan. Which is this, you know, depending on how you look at it, this autonomous region or do not even e guess more independent than an autonomous region in the way that Hong Kong is. I don't think that China has their arms around it. You know, in any Huge way, shape or form and I don't think they're really getting priority on this stuff. I think you can say that about countries like Japan we've seen the Toyota has a much has had a much easier time coming across semiconductors for their vehicles than the United States has. But this is the competition right now. It's you know, the Chinese manufacturers versus the U. S manufacturers. And, Yeah, it's creating huge shortage has actually surprised to see. I don't know if you dove into the numbers, Barry, but We mentioned earlier in the show. We got the march reading of C P I and it was up. It was up 2.6%, year over year, 0.6% month over month in particular energy lead the way What? I was surprised he was. There was no vehicle inflation yet none whatsoever. It came in 0.0% for new vehicle sales. The price is apparently the shortages air there were seeing, you know, for GM all having to shut down manufacturing plants, But the pricing hasn't come through now. I will point out chucker. Maybe you remember the number wasn't the Median sales price forever. Maybe the average sales price for a car and the fourth quarter like over $40,000. I want to say it was like 43 is something crazy like that, So I mean, it was already in a really high point, I think is the is the message to be sent here. But I'd be very surprised of the next six months. If you don't see that ticking up that median sales price inflation on new vehicles I've got to assume is going up. We have seen it in the secondary car market. That was up. I think 2%. Month over month for used cars. So yeah, there's the semiconductor shortages. You know, the auto industry is the big one, because there's only a few big players, but go talk to a home builder right now. They can't Sell their homes because they can't get permits for those homes because they can't get appliances to go in those homes. You can't get in occupancy permit if you don't have a refrigerator, and you can't get a refrigerator right now, right? That's why I know that it is and you know, you look at these issues and we talk about them somewhat jokingly, but the fact that matter is a lot of these chips. Shortages, their national defense issues and national security issues. Same thing with aluminum production. Same thing we learned with medical equipment, right? We couldn't get masks here because they were all being produced overseas and It's it's problematic. I think we have to look, I hope our government It looks at things a little differently going forward because you don't want to be relying upon your enemy.
China's Didi Chuxing Raising $1.5 Billion in Debt as It Nears Blockbuster IPO
"We're hearing Chinese ride hailing company Didi to Shing has filed confidentially with the U. S. Securities and Exchange Commission for an initial public offering. Think the Chinese version of America's biggest ride hailing company. Crystal Day covers Didi for Bloomberg News. They are the equivalent of uber in China, basically, and they are expanding very quickly. They're trying to get into space is like for delivery grocery deliveries, so they need the money. They need the capital. And they are trying to twist in the U. S. And Tennessee. Didi is also said to be exploring a potential dual listing in Hong Kong at a later
Fresh update on "hong kong" discussed on The Mock 'N Rob Show
"Wow, You're just like jumping right in there. You're just like A power. I'm a serious broadcaster Mark right into the story. Well, I mean, I I need a little warm up a little foreplay. If you will go on, just was very sudden. Where would you like it? It was just that was really frantically. Right in there. Mark. I'm a man of the news. Me. Walter Cronkite, Fred Hickman. All voices of the nation. Okay, That was exactly what I needed. All right. CNN chief Medical correspondent, Dr Sanjay Gupta has broken ranks with his network. Voice support for former CDC director Dr Robert Redfield's believed that the virus that causes Cove in 19 most likely escaped accidentally from a lab in Wuhan. Huh? I think we're done here on without our speed round is over. Here's the thing. This is what I promise you. This is one of a million examples like this that we're going to see over the next weeks and months and years off people realizing that people like Redfield, people who have actually said truth are going to be confirmed as truth. And all of this crap all this fact checking bull crap that's been taking place. People are going to regret it because we have not allowed just actual debate about these issues that plenty of people need to have debates about. And I'm just I'm so fed up with people being silenced over. You know, opposing views in the moment that ultimately become reality and truth. I'll see Redfield's quote and Gupta's acknowledgement and raise you one deal. Okay. I have long said that. I believe that this was purposely unleashed on the people of Hong Kong for the protests, and I think within the next five years that will be proven correct. Two. I would not be surprised by that. And you know how I hate being right. I know it's like one of your least favorite thing, and I do it so damn often Do you know what it's like to walk around miserable Mark? I don't actually Damn it. I was right again. Quote. My point is that it's a much more informed sort of thing for him to be saying than for anybody who may have expertise and violet virology because he has a lot more knowledge and information that he has that maybe he can't share but is informing his opinions that Gupta Huh? Again, I say, huh? E mean, I just Her world. You've been played the entire time for real and, you know, Look, I get the stupid people. We're going to believe this. And I get the people that want big government control over everybody was gonna get it. But you know the people I'm most disappointed in our people like the Indiana Republican Party and all of these pretend Republicans here Who shut the city's down who shut the state's down who were completely ridiculous about all of this. They should have known better, they should have known better. It would be great. If that had been. The case would happen if I was governor. You don't say that. Because then you're gonna get a bunch of women for freedom. You're gonna get a bunch of voice mails from people are like run for gonna wrap. Please do it by one. Freedom. Get another free. Uh course. Oh, yeah. How do you weigh a millennial? I don't know. How do you weigh? Millennial Mark and Instagrams?.
Hong Kong Tries to Soothe the Rich With a Big Tax Break
"Talk business and tax breaks now because it's something being discussed in Hong Kong by officials who are hoping these maybe a sweetness to help attract the best investors and joining us Is our business correspondent Andrea would and you tell us a bit more about these tax breaks and what exactly they're planning. Well, this being this, you know, Hong Kong has had a lot of political turmoil. Over the past two years, the Beijing has imposed the national security law on Hong Kong to try and quell that And its circuit, Bt's made Hong Kong perhaps a less attractive place to live a Zoricic olt. Hong Kong officials now seem to be talking about trying to encourage businesses. Especially in finance to stay in the city rather than go to its old rival Singapore or other cities in the region. Some of the key things we're waiting for more details, but one of the key things is helping private equity investors. There's a thing where the people of the the center of private Equity Investments, the general partners, These are people who actually run the fund. They could get paid Some of the way that they make their money is through a technique known as carried interest. Now this is always very controversial about whether it should be taxed or not. Anyway, Hong Kong seems to be prepared to give concessions so that private equity investors Don't have to pay this thing's tax. And then there's other incentives around as well to make it easier for companies that are based in Hong home to access it rich people on the mainland off China and try and near look after their wealth management needs. Do they really think that these businesses are going to be swayed or would by this is that he given the kind of level of of disquiet there's been even in business circles as to the political turmoil. Well. Traditionally, Hong Kong has bean quite in a political place. And cynics say that you're basically as long as you can make money. People are going to stay in Hong Kong. I mean, it started off as a free port, you know, back in Victorian times under the British, and it's always being very hasn't had much in the way of regulations is being very great. It should be in a great place for entrepreneurs. Make money. So I think this perhaps a rather cynical view here is that the big finance companies if you let them make more money by reducing their taxes, and so on, they are going to stay in her in Hong Kong. On that people are going to they may well have foreigners may well have political views, but they're not political activists. You know it's not their country, so the theory is that companies will stay here if they can make If they can make bigger profits.
Fresh update on "hong kong" discussed on WSJ What's News
"We've been following some big stories that involve chinese billionaire. Jack ma one of them's about alibaba. The ecommerce giant ma founded it's china's equivalent to amazon but even bigger by some measures. The company was hit with a record. Antitrust fine this past week. The other is about ad group of financial technology company. That jack ma spun out of alibaba and runs. Ali pay a digital payment system. That has become ubiquitous in china and has more than a billion users. they're handles trillions of dollars. Annually and transactions and even gives out unsecured short term loans. Jack ma is the controlling shareholder and was headed to go public last year. In what would have been the largest ever. But the chinese government quashed it and regulators have pushed aunt to restructure into a financial holding company overseen by china central bank. So the question is. Why is the chinese government so focused on ads and alibaba now. And what do these moves. Tell us about how. China's regulatory environment is shifting our wsj markets editor. Quinton web has been watching this unfold from hong kong quinton as always. Thanks for coming on the show. Hi there mark. So let's talk about these regulatory moves against jack. Ma companies and group announced this week it will be conceding to regulators demands and applying to become a financial holding company to be overseen by china's central bank. Why were regulators pushing for this. And how big a change will this be for the company. Well this is really the most visible step in a series of moves designed to rein in and after years of explosive growth if you talk to analysts who follow the sector closely they will say that authorities in china value stability including financial stability very highly and they appeared to be worried about the potentially destabilizing effects of another fintech groups to take one example and organized huge amounts of lending and borrowing by banks and consumers etcetera veer. it's platforms another thing. Is that regulators had accused of doing what they call regulatory arbitrage. I e that means behaving like financial institution escaping the scrutiny that such firms have to face so now the new location is likely to be smaller less valuable and likely to grow less quickly and it's probably likely to be less innovative to some analysts. Say you know so if you think about that kind of famous facebook credo of move fast and break things. It's kind of hard to be moving fast and breaking things when you're regulated by the central bank. The government has also made moves against e. Commerce giant alibaba. The company was fined about two point. Eight billion dollars. Last week by china's antitrust regulator. That's a record penalty but alibaba shares actually jumped afterwards. Can you explain that. And what impact. This fine could have on it. Well if you talk to analysts or you talk to investors they will say that this reflects the fact that investors are relieved. This could have been considerably worse and of course you got to remember as well. The stock has already fallen quite a bit in the last few months. Why are people relieved. Well the basic business model of alibaba is intact and while the fine is large in dollar terms. It's very affordable for the company. It works out to about ten percent of their annual prophet. I should say though that there will be some medium-term consequences so you know. The market is likely to become more combative because they will find it. Easier to sell products on rival e commerce services that in turn could have an impact on alibaba's growth and profitability. Jack ma is clearly. One of the highest profile features in the chinese business world feels like regulators are really focusing on his companies. Right now why well regulators signed issues around for example market power disruption competition and corporate governance. That have been raised by his companies. And jack's criticism of chinese regulators in a high profile speech shortly before an was meant to go public also infuriated top leaders as we at the wall street journal have reported how about china as other big tech companies. Do these regulatory moves help them in the market or do they suggest other tech companies could be next in line for more regulation. It's a bit of both actually so the antitrust moves are meant to benefit consumers and mentions at least as much as they're meant to stop alibaba taking market share from its rivals. Chinese authorities already imposed some small but pretty symbolically important finds on other big tech companies and they've clearly grown more alert problems with anti competitive behaviour. The houston a piece of consumer data. And so on so yes. Scrutiny is increasing and finally some big. us firms have positions in alibaba and other chinese tech companies. Meanwhile the scrapping of ants. Ipo takes the option of buying. It's stock off the table for investors for now. What does this new regulatory environment for investors well to state the obvious and this is something investors. Say a lot if you invest in china policy matters. It's not always obvious if companies and executives will be able to stay on the right side of the government and if they fall from favour. That shift can be fast. It could be dramatic. But then you know in some senses china's not an outlier when it comes to technology both the united states and europe are also taking as we've reported an increasingly tough stance on the global tech industry and that includes issues like competition like privacy like taxes as for am. I should say that the chairman recently told employees that the company will eventually go public again. You know may slightly. When the dust has settled we will keep watch quinton. Thank you for not only sharing your knowledge but also the context many thanks my pleasure. Thanks.
He said, Xi said: America-China ructions
"Japan's prime minister suge yoshi. He visits the white house this week. One subject will dominate discussions china. Tensions between america and china have been building last week. America accused chinese officials of committing genocide and crimes against humanity in the province of seen john. The mistreatment of its muslim leaguer minority had already been the basis for internationally coordinated sanctions on chinese officials to which china's swiftly responded with its own sanctions on american officials at all a hostile meeting of the two sides last month. The first under the biden some had hoped the relationship would become less heated and confrontational than had become during donald. Trump's presidency instead. It seems only to be deteriorating. I'd say that the us china have gotten off to a pretty rough start under the administration. Gotti epstein are china affairs editor in their public remarks. Everyone from joe biden himself on down. I've tried to make clear that there's not going to be a new page turned in. Us china relations. They have an overall goal to become the leading country in the world the wealthiest country in the world the most powerful country in the world. It's not going to happen on my watch. We saw that play out last month. In alaska in the first high level face to face talks between the us and china secretary state. Antony blinken opened the meeting with china's top diplomat young by referring to concerns over a number of china's domestic and foreign actions including in xinjiang hong kong taiwan cyber attacks on the united states economic coercion toward our allies industry. Young gave a forceful response by the taylor. One million of winning mcquaid susil cheapen wage all basically told the us who are they to lecture china.
Fresh update on "hong kong" discussed on Monocle 24: The Globalist
"It's time to talk business now to do so bloomberg's you and pops turns me on the line. Good morning am now. Let's talk about this. This shortage of semiconductors or chips that is is plaguing common factors at least at the. Us president is now decided to get involved. Yeah the white house held a meeting with more than a dozen that chief executives yesterday president joe biden says he now has bipartisan support for government funding to tackle this ship shortage now chief executives including the boss of gm and of alphabet sir parent company of google with there at the meeting early. Stay were virtually anyway. You remember the label supply. Problems with microchips has been ongoing for some months. Now it's really a big problem around the world. Not just for the obvious. Things like computers and smartphones. But for some of the things like televisions fridges. The things hope surround the which now it's like chips and it's a big problem for comic which are very chip intensive products these days now bribe biden red letter from senators and house members saying he had backing the proposal for fifty billion dollars in extra money for manufacturing and research. Carmakers tickly pushing for that money. It's a heads in their direction. They say that the could be essential shortfall in current job production in the us this year off one point. Three million vehicles if they're industry isn't given priority so this is a pretty big problem for manufacturers rights around the world president by the movie able to sort of get manufacturing up and running a bit more i. It will quickly well. I i think the trouble for biden and the trouble for a lot of these Chipmakers very complex business as you can imagine making microchips and ramping up. Production quickly is much easier. Said than done that taiwan's Tsmc which is a massive contract chip manufacturer. Which has played a central role in making most the world's advanced. Semiconductors has got government funding to start building twelve billion pound plant and enormously plants in arizona. That will help. But it's going to be some time to that comes on stream so just for now. I think manufacturers are going to have to make do with this shortage problem. Let's move to exchange rates if we could The us and china in disagreement about lots of issues but there's a continued spat about exchange rates. Could you explain it to split in your bloomberg exclusive story for you. John is to decline to name. China as a currency manipulator. This week the. Us treasury secretary will give her first semi annual foreign exchange report on thursday. You remember during the trump era the us treasury accused was accused of politicizing the foreign exchange. It's a abruptly designated china. A currency manipulator in may twenty nine nine outside the usual released judge lot sensor shockwaves around the world in the end the us at lifted that label of most later as they were a trading doing trade deal with china. Now the us. Accusation is that china is unfairly keeping its currency cheap if holds down the yuan that means experts become more competitive so the us believes or certainly has believes in the past that the china is doing this to boost exports to the rest of the world also makes imports more expensive to china. But we believe that the us is not going to continue with this designation this coming week giving no why. The treasury secretaries decided not to do this. Well the this is fighting china on so many fronts. Of course it's really been stepping up. Its rhetoric over. Human rights abuses keen to tackle china seas of the The erosion of democracy in hong kong And of course we still have a lot of the trade sanctions imposed on the last white house as well so i think perhaps a signal that china doesn't wanna take on Sort of the. Us doesn't want to take off. Take on china on yet another front and probably gonna leave the currency to one side. What do you think the effect will be on. The chinese on. The chinese and their abilities is okay we. We're now free to to do what we like with the you know they would. I think is interesting to see the. Us has been relatively unstable. We saw To join much of twenty twenty the currency moving in the right direction as far as the us was concerned whether china as a manipulator is is a complicated question it always denies that itself. We saw interesting trae data out of china. Today we've seen exports and imports really saw over the past year. The chinese economy has been a really growing like a rocket in posse. Of course they got their current of our problem on the control much much quicker than the rest of the world's the it's the chinese economy has been growing very very strongly so both imports and exports soaring We have those numbers out of china this morning so very interesting situation to watch over even thank you as ever for joining us on monocle. Twenty four that was union puts from bloomberg globalist. Now.
Cardinal Zen condemns St. Peter’s Basilica private Mass restrictions
"Two prominent vatican cardinals of weighed in on the recent restrictions on private masses at saint peter's in rome on monday former prefect of the congregation for divine worship cardinal. Robert sarah asked pope francis to reinstate the celebration of those private masses in the basilica then on tuesday retired bishop of hong kong cardinal. Joseph zen issued an open letter in support of cardinal. Sarah's request writing quote if it were not for the restrictions imposed by the coronavirus. I would take the first flight to come rome and get on my knees in front of the door of santa marta until the holy father has this edict withdrawn and quote zana's now the fifth cardinal voice opposition to the ban on private masses including the traditional latin liturgy in saint peter's basilica
Fresh "Hong Kong" from BBC World Service
"Japan's government for approving a plan to flush treated water from the stricken Fukushima nuclear plant into the sea. As you've been hearing police and racial justice. Protesters have cash for a second night in Minneapolis on 11 alleged members off a right wing terrorist organization or to go on trial in the German city off strip gut. James is back with a small headlines all eyes tonight on the two second leg last eight ties in the European Champions League. Seville is the venue for Chelsea against Port so Chelsea. A tuna lip is meant to be their home leg due to covert restrictions on the Big one p s. G and Barcelona three to advantage for the French side going into tonight's match. Of course, that is S O p h e and buy in Munich That is a repeat of last year's final two Premier League games last night. Good results Besides at the bottom of the table. First, it was West Brahmi picked up back to back wins for the first time this season. Hugh's three no win over South Hampton Remarkably. Still second bottom of the Premier Li. Despite that brilliant form nine points from safety bright and drew nil nil with Everton, Cameroon's Joel and beads starters. The 70 Sixers beat the Mavericks in the MBA. Steph Curry became Golden State Warriors highest ever scorer. He overtook the great Wilt Chamberlain and South Africa level the series at one over the sixth wicket win over Pakistan. In the second T 20 in Johannesburg yesterday. I'm back in 30 minutes time. Full sports roundup Coming up here on news day. James. Thank you very much business and we would is standing by in Hong Kong with news of new taxes on imports of Well, they're worried that Costing less than it does. The prices are lower than it costs to actually produce the metal. And so as a result, some companies in the European Union who make Hella Veniamin competition Are suffering jobs are being lost, they allege on companies are losing market share. I mean, certainly, the statistics suggest that Chinese exporters increase their share off the market in the European Union from 6%. In 2017 to just over 11% in the past year or so, and prices have gone down by 9% So these provisional terrorists will come in on Tuesday. That were between I think around about 19% and 47%. Um yeah, so they'll come into effect tomorrow, and companies like chandelier. Well so far, China doesn't seem to have done anything back. It hasn't said anything yet. Thean vesting. Gatien is going to continue whilst the European Commission which looks after trade policy in the you know European Union while that tries to find out more thean vesting ations going toe last until October. On. If it's confirmed that these these tariffs are needed to stop Chinese companies dumping as they call it into the European market, then the terrorist could last for five years. Many thanks indeed. Andrew Andrew Wood with the business Now. On Monday, officials in India logs more than 168,000 new cases off the coronavirus, overtaking Brazil to become the country with the second highest number off cases globally. This comes as several million Hindus gathered to take a dip in the Ganges River at the Kuma Mel a religious festival. In Haridwar City. The Carmella takes place every 12 years and Hindus believe the river's holy and bathing in it will cleanse them off their sins. And bring salvation officials say they are struggling to impose safety norms due to large crowds. Professor three enough ready is the president off the Public Health Foundation off India, his also cardiologists on epidemiologist and he told me his very concerned with the situation. I believe we have been caught. In a very open society. On bond with the feeling that the pandemic had passed. At least that's what the feeling that several of the public and the policy makers had, and that was also fostered by sections of the media. Allowing a completely open society with travel and restricted Andre actually large mass gatherings happening. I think the virus on the variance that have also come in Really ramped up there. Well, pandemic and India and we're seeing even yesterday we saw about 168,000 new cases. On. Do we have over taken Brazil now? And the number off total number of new cases on given the number of deaths have been pretty high so far, so in that sense, it's a matter of great concern. And how does India get to this point Tiuna for the country to be so confident in being an open society in the midst of a pandemic? We'll post September We have seen a continuous and actually very steady depth. In the number of cases the number of deaths the number of positive tests. And some of the feeling gathered ground. Busted. I must say, even by some sections off the public health community that we have acquired Herd immunity. And there was a sense of urgency to reopen the economy to get back to business in various areas, including elections at the local level of the local bodies as well. Is it assemblies? And I think that actually was an erroneous impression. And therefore we actually are paying the price for that now because the public really let the guard down I suppose the question here would be. Why would you allow a festival of this scale to go ahead, given the fact that you know into his struggling to curb the cases off coronavirus? Well, the festival was green flagged at the time. When it was felt that in years past the problem And I think now that authorities do not really wish Toh pull put the brakes on. That is also a feeling among some of the Politicians and policymakers that fate must be respected, though most of us in the public health community believe that faith and science and public health also should be respected. And we should be very strongly advice the people to stay away from such mass gatherings, and even the administration should enforce some of those restrictions. We also see the variant in Maharashtra on Dis could be a breeding ground for a variant. What's your take on that? Yes, the marriage they doubled. Mutant, as it's been called, has taken some features, which are entirely Indian. No. It's a slight variation off what has been seen earlier than South Africa and elsewhere. The 4 84. Q as it was called in India, which is a very interfere for 84 K, but it was also borrowed another mutation from little on both of them Now, combining the one mutant Appears to markedly increased infectivity, though, but the rate of increase the vigilance is not yet certain on Dat is causing a huge spread. Where is another parts of India that can't mutant? Which has come in again in large numbers into some parts of the country, especially the paint job, and that is responsible for much of the new case Load. President off the public health off India. Speaking to me there, that's Professor screen arts ready. A little earlier, I decided to look up the town off who Savic and helpfully. The search engine prompted the question. Is who civic a real place. Everyone wants to know because the tiny but.
Hong Kong Convicts Martin Lee and Other Democracy Leaders Over Protest
"The hong kong media tycoon. Jimmy lai and six others are facing a jail sentence after being convicted of unauthorized assembly. They accused of being involved. In protests in two thousand and nineteen. Those facing jail include an eighty two year. Old barrister martin lee. He's known as the father of hong kong democracy.
Hong Kong Convicts Seven Pro-Democracy Legislators
"To huge demonstrations two years ago. The media tycoon Jimmy Lai and the veteran politician Martin Lee were among those found guilty of organizing an unauthorized Marge Emily Lau are former legislator and chairwoman of the Democratic Party in Hong Kong gave her reaction. We feel very dismayed and distressed, but maybe not too surprised, Given the pressure that the whole Hong Kong is undone pressure from Beijing pressure from the Carrie Lam Administration judges they are just human on. But it's very sad to see these people who have made so many, many contributions to the development of the city, which today found beauty because they took part in a peaceful And non violent demonstration. Two months after the military coup in Myanmar, and international aid groups says more than 40
China sharply reduces elected seats in Hong Kong legislature
"China tightened its grip on Hongkong's elections today, Lawmakers in Beijing voted to enlarge the territories legislature but cut the share of its directly elected seats. Many in Hong Kong accused China of breaking a pledge to respect their
China bashes US over racism, inequality, pandemic response
"China has lashed at the US open racism financial inequality and the federal government's response to the coronavirus in an annual report to the seats to come to U. S. accuse ations of human rights abuses by China's ruling Communist Party the report issued by China's cabinet says the U. S. in twenty twenty so it's own epidemic situation go out of control accompanied by political disorder inter ethnic conflicts and social division the document released by the State Council information office also highlighted the attack on the capital on the sixth of January as well as gun violence and health disparities China issues the report each year in response to U. S. criticism of its record on issues such as abuses against minority groups in the western region of Xinjiang and Tibet and the crackdown on opposition voices in Hong Kong I'm sorry I shockingly
Baidu has rallied 200% in the past year. Analysts bet it can keep going as it lists in Hong Kong
"Of chinese internet giant by do edged up eight tenths of a percent in its secondary listing today on the hong kong stock exchange. The gains paled in comparison to one's by other chinese tech giants including quite show which surged more than one hundred ninety percent last month. Such listings have been dubbed homecomings for chinese companies that also trade on us stock exchanges. David quoque cofounder of the smart investor explains why investors gave by do such a muted perception in hong kong. Why is by to even going to hong kong in the first place. It's already got twenty four billion in the bank. So why is it going to hong kong just to raise three billion. us dollars. And that i think is the question that investors asking. It's not the only technology stocks that has seen sort of a lackluster performance. I think jd dot com saw a bigger rise than by did today but still not anywhere near what were used to sing in public offerings. Do you think this is a problem of an oversaturated market of these so-called homecomings for chinese companies. I think it's also partly because investors have got their eyes on possible interest rate rises and consequently they are saying that technology companies are not really sort of the place to be right now ultimately when you have a look at some of these technology companies particularly the ones that already have a primary listing in america. They are coming home to hong kong and part of that. Reason is because they are very concerned about the frosty relationship between america and china and if that frosty relationship turns into a big freeze then of course they want to have some way in which they can. Select listing where they can attract chinese investors. David co founder of the smart investor in singapore. Thanks for breaking this down
Officials From The U.S. And China Have Met For The First Time Since Biden Took Office
"Top. U. S. And Chinese officials are meeting for the first time since President Joe Biden took office opening two days of talks in Anchorage, Alaska, Secretary of State Antony Blinken and China's Communist Party Foreign Affairs Chief exchange Just unusually sharp public remarks Thursday, Blinken noted deep concerns about actions by China and Xinjiang. Hong Kong, Taiwan cyber attacks on the United States Economic coercion toward our allies you encountered. The U. S. Should stop. Advancing its own democracy in the rest of the world. I
US, China spar in first face-to-face meeting under Biden
"Hi Mike Ross you're reporting the US and China so far in their first face to face meeting since president Joe Biden took office top US and Chinese officials are meeting for the first time since president Joe Biden took office opening two days of talks in anchorage Alaska secretary of state entity blinking and China's Communist Party foreign affairs chief exchanged unusually sharp public remarks Thursday Lincoln noted deep concerns about actions by China Xinjiang Hong Kong Taiwan cyber attacks on the United States economic coercion toward our allies he encountered the U. S. should stop advancing its own democracy in the rest of the world Yang spoke for more than fifteen minutes the state department critically noted the sides had agreed on a two minute time limit for opening statements hi Mike Rossio
Fed Holds Steady on Interest Rates, Bond Purchases
"Be kept near zero through 2023 benchmarks. And Shanghai and Hong Kong. Advanced Sydney was down. The feds promised to keep rates near rock bottom came even as its Forecast. This year's economic growth will rebound tow 6.5% the strongest since the eighties and inflation will climb above 2% for the first time. 10 years on Wall Start Street, the benchmark S and P rose 100.3% to a new high. Powell's comments at a news conference appearing to reinsure reassure investors who worry higher inflation might prompt central banks to raise rates, which would Away on economic growth. These measures, along with our strong guidance on interest rates and on our balance sheet will ensure that monetary policy will continue to deliver powerful support to the economy until the recovery is complete. The path of the economy continues to depend significantly on the course of the virus and the measures
EXPAND - Bloomberg - WAV- Short - burst 1
"Daybreak for Wednesday, July 8th, 2020 coming up. The shower has coronavirus infection surge the government Rampage testing across the South the Trump Administration gives notice to the UN saying it's quitting the World Health Organization and the White House takes aim at Hong Kong with a push to undermine the city's currency Long Island beginning of days for every opening today. Plus President Trump pushes for schools to reopen in the fall on Michael. Barmore ahead. I'm downstairs shower in sports. The Ryder Cup has been postponed and another net won't be proud to be a restart petrol straight ahead on Bloomberg Daybreak on Bloomberg. 11300, New York, Bloomberg. 1991, Washington DC Bloomberg. 1061, Boston, Bloomberg 960 gianfrancisco, SiriusXM, 119 and around the world on Bloomberg Radio., and via the Bloomberg business hour off.
State Department announces sanctions on Chinese officials over Hong Kong crackdown
"And Hong Kong officials have been sanctioned by the Biden administration about the ongoing crackdown of freedoms in Hong Kong. Now among those who were sanctioned our senior members of the Chinese Parliament and Hong Kong police officials, the sanctions come ahead of Secretary of State Tony Blinken is meeting with top Chinese diplomats in Alaska. Later this week. A
US sanctions 24 China and Hong Kong officials ahead of talks
"After China passed new rules giving it more control over Hongkong's elections. The 14 individuals being sanctioned include Chinese senior legislative officials. These officials helped pass or implement new rules approved in Beijing this month that give Beijing much more control over who can run and Hongkong's elections. That brings the number of Chinese and Hong Kong officials. The U. S a sanction to 24. The sanctions are designed to punish those who undermine Hongkong's limited autonomy from mainland China. Those measures were taken after China passed in national security law that has led to dozens of arrests in Hong Kong and made political dissent. They're effectively impossible Emily Fang. NPR NEWS Beijing court in Japan has ruled that the Japanese government's ban on same sex marriage is unconstitutional.
Toyota, Honda to Halt Some U.S. Production Over Supply Shortages
"Both honda and toyota will halt production at plants. In north america over supply shortages. Toyota will intermittently cut shifts or production. Lines honda will stop production at several plants for a week. Starting march twenty second. A lot of industries are dealing with a shortage of raw materials including plastic related products. That are used to make everything from medical face shields smartphones. Let's bring mark editor quinton web into the conversation. He joins me from hong kong. Hello clinton quinton. This all goes back to the freeze. We saw in february in texas. That's right reflects. Basically the fact that the gulf coast is a huge center for the production of plastics. Something to his grown in importance since the fracking revolution and the deep freeze in february really took a lot of production. Offline and some of these plants are very complicated. And it's risky and so it takes a long time to bring production back online and that means shortages kinds of plastics prices rising very rapidly. Pvc polyvinyl chloride other plastics. Such as polyethylene up as well and as you say that's affecting all kinds of industries people like comic is paint manufacturers homebuilders all kinds of companies feeling the squeeze and with these price increases quinton. It's a logical question to has. Can we as consumers see any changes in what we pay. Potentially i mean the journal has a big story about this today and the At least one company executive who says this is probably gonna lead to cost increases consumers at the very least it's going to cost you know the companies that are on the bearing the brunt of this extra money i guess. In some cases they might decide to kind of absorb. Those cost increases rather than possum onto consumers if the alternatives become less competitive but sending gonna cost companies money and some of that cost increase. May in the end be passed onto you and me
US sanctions 24 China and Hong Kong officials ahead of talks
"As. Us officials arrived in japan. Kim jong un's sister kim. Yo jong said the united states should refrain from quote causing a stink if it wants to sleep in peace for the next four years. Blinken brushed aside the tough talk but he did have some tough words for china. He said the chinese government has used quote coercion and aggression to undercut freedom and democracy in hong kong and taiwan and to commit human rights abuses within its own borders and secretary austin added. China has modernized this military in addition to that it has engaged in aggressive and in some cases coercive behavior. Some of that behavior has been directed against our allies in the region. The secretaries will also hold meetings and south korea this week before returning home
Lala-2 - burst 1 - With Video 1- 2021-03-24
"Daybreak for wednesday july. Eighth twenty twenty coming up this hour as corona virus infection surge. The government ramps up testing across the south. The trump administration gives notice to the un saying. It's quitting the world. Health organization and the white house takes aim at hong kong with a push to undermine the city's currency long island begins phase. Four reopening today plus president trump pushes for schools to reopen in the fall. I'm michael barr more ahead. I'm jon stashower in sports. The ryder cup has been postponed and another net won't be part of the nba restart. That's all straight ahead on bloomberg daybreak on bloomberg eleven three. Oh new york bloomberg ninety nine one washington. Dc bloomberg one zero six one boston. Bloomberg nine hundred sixty san francisco sirius. Xm one nineteen and around the world on bloombergradio dot com and by the bloomberg business app.
"hong kong" Discussed on First Person
"I found a having covered the handover I found it fascinating to go back so many years later and so I probably five or six trips over a period of two three months, and what was interesting is there were a lot of students, but there were a lot of ordinary Hong Kong people who? Had to develop a certain political identity. They didn't see themselves as mainland Chinese, they didn't see themselves as. People who lived under the government of the Chinese? Communist Party? They have a very separate identity and very separate values. I'm going I. Talk to people in Hong Kong I. It's talking to people in the mainland I would say they have very little. In common, the conversations are different. The values are different, and that's part of a a lot of this conflict is over identity. So the Chinese Communist, party is very worried about holding the country together as people have become so much more wealthy, more sophisticated greater expectations because of the growth as well as their own travel in education overseas, and what it feels it has to do on its periphery is to break. Other identities say that's what they're doing. Everybody in Hong Kong knows that they want to turn Hong Kong into just another southern city in China. I mean it's interesting of course. China is a country of many many identities. Well not from the Party's perspective, so let's look at the periphery because I think it's very good to look at the periphery of China. Understand where the Communist Party is coming from what are their greatest fears? and. Let's watch what they've done in Tibet. There was a period of time a number of years ago, where monks relating themselves on fire because of the repression, and they put monasteries cities on lockdown and I gotta say this is very different from what I was there in the nineties. I mean in the nineties in Beijing. Yes, it's an authoritarian country, but it was pretty free wheeling, and you could talk to a lot of people about a lot of topics and people were not scared..
"hong kong" Discussed on FP's The Editor's Roundtable (The E.R.)
"Thank you for joining us. Happy to be here Sir so as you like. The rest of the world has been watching Hong Kong is. Undergoing a wave of major protests will get to a little bit later in our conversation, but I WANNA go back a little bit. Because you are on the ground in Hong, Kong in Nineteen, ninety seven. With the handover. Let's talk about how hung on with a colony to begin with well it you know. The history of the city is completely different than the history of any other city in China I mean obviously There were neocolonial cities like Shanghai, which retreated ports Hong Kong was indeed a colony, and so from the from eighteen, forty, nine, forty, two on, it had a completely different. Different system and it was also incredibly successful one. You had British rule of law. You didn't have democracy, but it was a much more open and cosmopolitan place. It was a watching post for China, and it was also a kind of a mix of east and west in many good ways. There are a lot of sort of the protections of Western society but. Very rich Chinese culture right there on the south, China, sea. So a very different city than you would find anywhere else in China and I think we're seeing those differences really most acutely right now, and we should acknowledge that Hong Kong major port obviously. The. How did that have an impact on its culture? I think it's much more cosmopolitan. You gotTA remember up until. Seventy, nine, the opening particularly with the United States China during the was was just incredibly close, so for instance I lived in Shanghai and my kids went to Shanghai American school. That's a school with over one hundred years of history, but there's a long period of time. When it wasn't even open, it was closed because under Mao there was almost no access from the West and particularly for Americans. Hong Kong was always sort of this cosmopolitan hub just right up against the mainland, and then of course Hong Kong Island just off the mainland. So ninety seven. Yeah, here there on the ground in the run-up to and then the actual night of the handover. What did it feel like to be there? You did feel like it was a huge moment. In the history of Communist China and basically China and the West. China has been. The from a Chinese perspective they talk about is you're probably very familiar. Listeners will be familiar. The hundred years of humiliation in which they lost Hong Kong they had to open up these treaty ports in places like Shanghai which they didn't want to do, they were forced to do that and then war with the Japanese invasion, all of that and so what? What the Chinese. Government the Communist Party's been doing for quite some time now is sort of consolidating what it lost bringing back, Hong Kong in ninety, seven, Macau from the Portuguese and ninety nine, eventually Taiwan and so that sort of the perspective, and so you could see a much much stronger China in ninety-seven, still maybe the seventh or eighth largest economy in the world beginning. Beginning to consolidate and return to sort of the way it saw itself historically, and of course the British having to give it up, and it was very interesting to. There is some writing on this that I. Think and if I remember correctly in the archives that there was talk of the British trying to introduce some sort of democracy and Deng Xiaoping threatening to send the. The People's Liberation Army and because even then he knew that you couldn't have that. You couldn't have a Chinese city. Right up against that border with a completely different system, but they did usher in One Country Two Systems. What does that mean well? It means something very different today than it did ninety. The whole concept was that Hong Kong after ninety and for fifty years. Would be able to keep its way of life. Essentially, that means the British rule of law system free speech free press. They're very good. In terms of anti-corruption, it's a much more Western kind of society and was that negotiated at. What point between the British and the Chinese zoos between Deng, Xiaoping and Margaret, Thatcher, in eighty, four or so yeah. And so the. Idea was Hong Kong will get fifty more years of this system right. They would not be immediately absorbed. It would not have to become communist or anything like that because that would have been just a completely radical change and Lord knows what it would have to have to send in the army if you wanted to do that. They get this agreement, but at the same time was there a culture of dissidents and exile Eddie Among Hongkongers? There was and I can. It's really I. Remember at midnight on that night. The People's liberation. Army rolling across the border into Hong. Kong and there was a feeling of dread and I think they came to the Prince of Wales Barracks that night right on Victoria Harbour. There was great concern. There's a history in Hong Kong of people coming there who are exiled from China certainty and the Cultural Revolution. People literally made rafts and floated down the river and swam to Hong Kong, but many of them have always had a second passport because Hong Kong always seemed a temporary place. Not You you neither East nor west and that night. My strongest memories was standing outside the Legislative Council building as China was taking back control, and there were the democratic legislators particularly Martin. Lee The godfather of Chinese democracy, avowing to do everything they could to keep Hong Kong free, and to continue to push for political representation inside Hong Kong for ordinary people and to resist the authoritarian regime that was essentially taking control of the city. There is a mix now. There are democratically elected lawmakers. Of course you, you have different factions have pro-beijing. pro-beijing people particularly, some of them may have a mainland background also are very much oriented towards the economy of China and see great advantage to integrating with China because the economy his so huge there now and then just recently, the Shenzhen economy surpassed the Hong Kong economy so Hong Kong no longer has the kind of leverage that had once had, and it's very dependent on the mainland in a way that was not. A twenty two years ago, there was more anxiety. I mean ninety seven was not even a decade after gentleman. was there anxiety having watched? What happened Hannemann with the hand of there was somebody else interesting I. Look back on what we wrote them as journalists, and at the time I felt like our coverage was maybe a little sensationalistic in the sense that we talked about the gloom and doom, but in fact the reality was nothing was going to change soon, and so even ten years on as I looked. Sometimes I would go back and look at my own writings and go. You know it was. It was a little over the top or a little too dark in terms of its approach. I now feel our coverage was right or maybe should have been even tougher because we've seen what's happened. and it's become very clear that this regime under Xi. Jinping cannot tolerate one country two systems. I WANNA spend one more moment on the night of Nineteen, ninety seven the handover. There's video archives of the last governor from the UK be candid back. The British flag looking really overcome with emotion..
"hong kong" Discussed on Front Burner
"On Thursday China's parliament passed the draft resolution of its controversial national security law. It's meant to criminalise acts. That are seen to remind the Chinese government's authority and for many this signals. The end of one country two systems a political promise made one Hongkong a former British colony was handed over to China in nineteen ninety seven. It allowed people in Hong Kong certain civil liberties not found in mainland China. This week thousands of protesters took to the streets of Hong Kong to make their fears and discontent around the new law. Known protests about China's long reach have really become part of the fabric of Hong Kong life last June. What began as demonstrations against a proposed extradition? Bill would later turn into a call for greater democratic freedoms today journalist and lawyer Antony Dapper and is here to help us understand what the national security law might mean for the future of Hong Kong. He's the author of city on fire the fight for Hong Kong. This is front burner.
"hong kong" Discussed on Throughline
"Again. For many mainlanders. They return of Hong Kong marks. The End of China's century of humiliation call with them is China's and Hong Kong should be returned to China. Hong Kong is part of China and Hong Kong. People don't like aging. Well you guys. There's something wrong with you guys. So most of the mainland Chinese they really supports Beijing's position on Hong Kong. The thing is in the years after the handover more more mainland. Chinese people came to work in Hong Kong and the more that happened. The more Hong Kongers were like. Wow we are truly not the same. We've spent over a century living under different governments different economies and different cultures. And they mourn wanted to assert their own identity even more which frustrated China to no end and you also have the Chinese government and people in China increasingly fitting that autism Hong Kong. People are kind of almost like spoiled children. He's always asking for more already. Get more than anybody else in China. Scott and Acumen asking for more and more of their rice being protected still. China's infrigement was relatively slow going until two thousand three six years after the handover. The government of Hong Kong introduced an amendment to article twenty three commonly known as the national security. Bill it was essentially an anti-subversion long that many Hong Kongers saw as a threat. They're civil liberties for the first time. After nine hundred thousand nine again you had half a million people marching in streaks Hong Kong to protest against the article. Twenty three naturally shoot. It was the largest protests in Hong Kong since the tnn massacre and it worked. China shelled the bill indefinitely but then regrouped and came back even harder around twenty twelve eight demand from Chinese governments that on contra changes educational curriculums and Mick. Hong Kong's edgerrin curriculum patriotic. And then you have the high school shootings in Hong coming out and say but did spring washing us. We don't want brainwashing. Be One copper free liberal education. This is the Environment Xi Jinping walked into when he became the leader of China in two thousand thirteen and a year later in the streets. A Sea of umbrellas. The symbol of a mass demonstration underway in Hong Kong students and young people formed the umbrella movement a series of sit in protests that oppose. Beijing's decision to have more say in control over Hong Kong's electoral system. Hundreds of thousands packed the streets of downtown Hong Kong as police fired as many as eighty seven cans of tear gas determine demonstrators shielding themselves with umbrellas and spawning the so-called umbrella and in the last three or four years you even have some of them beginning to talk about maybe we need to look at south determination because Hong Kong is a Chinese colony will never be allowed to have democracy and those words of self determination and independence caught the ears of Beijing. Red-light Fash Hoar Cross Beijing. The Chinese government and they come up with an even harder approach and that is the background to the events that erupted in Hong Kong in the summer of twenty nine thousand nine hundred which brings us back to the beginning of this episode and to the current protests that are still going strong and only escalating Beijing has has violated. These promises in has been trying to really encroach into Hong Kong controlling Hong Kong Roy Moore eroding autonomy. So all of those have been really God. Hong Kong's young people to feel that they have no future that has really tricker this assistance from young people and at the same time. We also want to understand that. This trend has been increasing over time and it just fall from the sky. Now you're talking about a younger generation of people in Hong Kong who feel that they must now stand up and fight for the core values of Hong Kong. The kind of languished using you said if we don't fight we may not have a chance to fight for Hong Kong's caught Banu any longer so we will now make our last stand. We may all four but we have four. At least we fall having defend our values..
"hong kong" Discussed on Throughline
"There were some small protests but mainly it was quiet people in Hong Kong knew. They had to accept their fate. They had no other choice. Some Hong Kongers were genuinely going to miss the British who let's not forget were colonizers you will had parents taking their children's tool the Hong Kong government offices and other places to have pictures with those colonial symbols before they were taken down but not everyone felt that there were some Hong Kong people. That saw the handover in a positive light. You also at the same time have Many in Hong Kong who fueled that is good for the colonial eras to end. We are.
"hong kong" Discussed on Throughline
"Culina was British again. The idea that the European colonial empires who simply restore to status quote was not really bury balloonist stick and this time. Brian realized that the Chinese were no longer going to tolerate second class. So when the British governor return to power she had to make changes to post Hong Kong and he stopped to look at political reform for the first time the Chinese population had a voice and therefore reasons to feel that they are citizens of British Hong Kong and a commitment to the future of maintaining Hong Kong. I say British colony gaining respect from Hong Kongers was crucial for Britain because China was suddenly making is at Hong Kong again and wanted it back in the course of the Second World War. The leader of China Jenkins shot ask for the first time for the British to return Hong Kong to Chinese sovereignty so the new that and so as Hong Kong started to look a bit more democratic China started to look a lot more communist. Maoist to be exact on October first nineteen forty-nine Mountain proclaims the birth of the People's Republic of China in the new communist capital. Picking country will never again be an insulted nations as Mao we have stood up when Chairman Mao and the Communist Party took over China in nineteen forty nine. Both sides immediately closed their borders and the long trend of open migration between China and Hong Kong came to a screeching halt so for the first time after nineteen forty nine Hong Kong had a settled populations and this settled population will change and they were developed a very strong clear sense of identity. Us Hong Kong people by Nineteen Sixties Metro cozy haven for Jackson lines but the approach to Kai Tak airport is a spectacular hop across the and by the beginning of the one thousand nine hundred seventies. Hong Kong became a significant financial center. Runway jets eight thousand feet into the water and everyday Boeing's bring in men engineers and economists keen to observe and join in the expansion of Asia's fastest growing economies. Chinese became much richer. Practically by here in the nineteen seventies and people often stopped. It's to be able to afford luxuries. Light entertainment and lesser giant..
"hong kong" Discussed on Throughline
"Was the eighteenth century and China was raking in profits from trading things around the world western powers. Great Britain weren't doing so well so brin decided that in order to compete with China they needed to trade the Chinese something that would fly off the shelves. They got the idea of selling opium to China and that's then completely turn be tree balance in the opposite direction. Great for Britain but it came at a cost for China. And there were F- was in China because opium is being this attitude and it got many people's sake and the court. The court decided that they had to do something about it. This is Victoria Timber Highway. She's a political scientist at the University of Notre Dame. I'm from Hong Kong gripping Hong Kong had demanded breath in Hong Kong So then I've been talking a lot about Hong Kong leads LE- back to the trade war. The opium that was coming into China was a problem because it was hurting their society and economic progress so they retaliated by confiscating over one thousand tons of opium. Britain was outraged and demanded that China pay for those drugs and the ruling power at this time. The Ching Empire refused and then that trigger the first opium and Britain invaded. China was the most powerful Empire East Asia but its military was still no match for Great Britain so after three years of fighting. China asked for a truce that was concluded by Detroit City of Nanjing in eighteen forty two. This is Steve Sang Professor Studies and Director of these source China Institute you at the School of Oriental and African Studies University of London. One of Britain's demands this peace treaty was for China to hand over one of its territories. The small little known undeveloped island called Hong Kong. It was a collection of a number of fishing villages a little bit of farming and also a place that pirates of the News as base for the publishing was very small. Maybe just several thousand people because of this the Ching Empire didn't consider the island all that important but the UK saw the benefits. Hong Kong Island had a natural harbor which offered the Western power a strong eastern trade base and also as kind of this gateway to the rest of Asia as row. Pitching Empire wasn't thrilled about handing anything over to Britain. But they figured if it had to be something it might as well be Hong Kong the Bris wanted to have a just a whole pile of barren rocks so whatever this pile of barren rocks was given to Britain in eighteen forty two which was the first of three handoffs slowly but surely gave the British all the tiny islands and surrounding territories that we know today as Hong Kong geography of the Hong Kong colony consists basically of three areas. Hong Kong Island the Colquhoun Peninsula stage to happened in eighteen. Sixty after the second opium war. When Britain gained the Kowloon Peninsula and the new territory and then the third stage of expansion was the leasing of the New Territories in Eighteen. Ninety eight for ninety nine years. This ninety nine year lease gave Britain all the remaining territories of Hong Kong but with it came expiration date nineteen ninety-seven this marked the beginning of what? China called a century of humiliation. While Hong Kong now entirely under British rule began.
"hong kong" Discussed on Haunted Places
"The Chinese University of Hong Kong or see you. H K was founded in one thousand nine hundred sixty three with a charter from the local Legislative Council created as a research university with a mixture of both Chinese and western educational styles. See You H K has the largest campus in Hong Kong after assimilating nearby schools. It boasts nine different colleges as part of its unique school system the campus located near the Hong Kong Mass Transit Rail or MTR with university station being essential. Stop for students. It was there that the legend of the single braid girl was born. The story goes that a woman was attempting to immigrate to Hong Kong from China alongside her boyfriend instead of a promising new life. She only found heartbreak and her boyfriend abandoned her to save himself and her precious braid caught on the train. Door as she attempted to escape border security she was scalped and left to die by the side of the road. They say her restless spirit haunts the very same road at night still searching for her boyfriend wanting to bring him to the other side.
"hong kong" Discussed on Monocle 24: Section D
"And James last on the show you managed to crawl sort of a legend of the advertising industry in Hong Kong a man with a and extremely long shadow in the world of visual design and a man. I believe you've spoken to before at kind of a kind of a funny topic to put to someone the effectiveness of corona virus as safety literature. But some tell us tell us a little bit about Stanley Wong who you spoke to. Next so stunning warns had a forty year career in commercial advertising. Graphic design and art was recently the subject of a three month long retrospective at the Hong Kong Heritage Museum of that was sadly cut short by a month because of the krona virus and all the museums had to close with a pandemic challenging the advertising industry all around the world. I thought it'd be fun to invites him into the bureau and ask this venerable designer to select his favourite Kovic one thousand nine campaigns from the last few months your top story you give me a little hint come from personal healthcare cars and government three sectors that have been very important and prominent during this time without further. Ado Stanley please. Could you walk our listeners? Through your three picks from around the world the first one is an advert from one of the F. CG powerhouses Unilever for their soap dove. Can you tell us a little bit about this campaign? And whether you like it. This is some of our candidate market from orphee. Tell you the message. I is actually Dov because his skin. Care Potter. Okay the donation to the hospital. They have partner to support those committed to help in hospital to save lives.
"hong kong" Discussed on The Economist: The Intelligence
"Today Hong Kong released its latest. GDP result and as expected. It doesn't look good. The city it has been facing a range of economic and political challenges over the past year and its fortunes are strongly tied to those of the mainland so as China's trade war with America has crimped growth there. It's squeezed Hong Kong's exports yet last year. The big threat to Hong Kong's economy appeared to be a political a bill allowing extradition of Hong Kong to the mainland sparked enormous protests and worries that the mainland would put them down violently now. A new threat is compounding all these pressures. The Corona virus outbreak across the border. Connie was already in a great deal of trouble. Simon Cox is our emerging markets editor and is based in Hong Kong. Figures released today. Show the shrank by two point. Nine percent sent in the last three months of two thousand nineteen compared with the same period of twenty eighteen that follows a quarter of contraction before that and this recession John reflects two big factors. And what factors are they so Hong Kong's economy has been going through a year of tribulation. The trade will clearly hit on conches major industries and then on top of that we had the protests stoppage in June and have continued even to the present day peaking really in the last quarter if twenty-nine to clean November when violent clashes ended up with virtual siege of a couple of universities. Here including one quite close to where I live which caused the shutdown of one of the major tunnels running under Victoria Harbour for two weeks. Hong Kong's Economy Hong Kong itself was founded on free trade. So it's it's extremely dependent on the free movement of goods but also people a lot of local employment depends on tourism particularly visitors from the mainland and those visits have been dramatically curtailed by the protests. And they will be dramatically curtailed by the virus we saw back in November which is one of the worst months for the protests tests that the number of visitors to Hong Kong dropped by about fifty six percent. That's the worst drop since the size outbreak in two thousand and three many people Using his appointive comparison the current virus those industries in particular now face an even deeper winter to quote the Finance Secretary Pole Chen and and those have been damaged to sentiment. People feel less like going out for an evening at a bar or restaurant if they fail getting tig asked on the way home and that damage sentiment is often the most severe aspect of these sorts of troubles and quite often people can find a way around the supply cups. You can find it. Alternative road when alternative tip tunnel under the harbour if people don't feel like spending and is very digital businesses can do and so from from your perspective the protests and the hit two sentiment will continue so the damage to economic sentiment is clearly going to continue protests have been somewhat clips and transformed by the krona virus. People obviously less willing to cool Kohl for mass gatherings given the fears of contagion but sort of anger and distrust that the protests reflected continued. And it's taken a new form now. People don't think the Hong Kong government is doing enough to prevent transmission of the virus in particular. People are very angry that the border with mainland China has not been completely shut it. It has been restricted quite severely. But it hasn't been completely closed off an in addition they're angry because there's a shortage of surgical masks the evidence for the efficacy of mosques this is somewhat limited but nonetheless people seized on this as a measure they can take. Unfortunately there's been a shortage and you can see long queues. Even this lunchtime I went to a nearby by department store is a queue of over one hundred people waiting for mosques. Many people have been waiting so long. They'd taken a shopping baskets. Turn them upside down sitting on them for more comfortable comfortable weight and the GDP data out today. Don't even take into account the coming hit from the corona virus. What's your view on how that will add to the existing pressures so the current vice will make things worse? Some people have been hoping for recovery in the New Year because the protests seem to have simmered down a bit there was some evidence of people resuming normal life or that has now been dashed. The latest forecast I've seen for example. UBS Bank think that Hong Kong GDP could shrink by over six percent percent. This quarter compared with the first quarter of nineteen so an even deeper recession and Hong Kong economy might rebound once the virus contained. We've seen that in the past with things like saws that there's some pent-up demand so you do see a rebound but that's never enough to offset all the damage and obviously Hong Kong's economy is is is intimately tied to to that of the mainland. How has the the virus affected? The Chinese mainland economy so far so economic forecasts have been slashing their predictions for China's growth. I saw one prediction today that the virus would knock two percentage points off its growth in the first quarter of this year compared with the same quarter last year costs. Despite the warriors building over the past week or two that wasn't reflected in the stock markets which were closed for the Chinese New Year holiday until this morning and then we saw them tank by about nine percent. Wuhan is quite important. Auto manufacturing hub. The China of moral concern is the spread of the virus to other provinces. That are an even more important part of China's economy and of course you know the government has been quite Jacobean and imposing a quarantine measures that whatever. Their effectiveness in controlling virus will certainly have a fairly dramatic economic impact. Listen short short term. China does have this gold of which sets out years ago with doubling the size of its economy between ten and twenty twenty. It had seemed to be on track for that goal. The damage this virus might cause to grow share. Could put that golden doubt for that reason and others it may will try and goose economy towards the end of the year stimulate not to make up lost ground but again this is something that can for short the damage but not completely offset it so it seems that the economic pressures on in Hong Kong are are only going up here. I mean where. Where does Hong Kong go from? Here what do you see in the sort of medium and longer term so I think the inputting Hong Kong is to try and rebuild the relationship between the government and the governed unfortunately this crisis which could have brought people together seems to have only sewn divisions further. It's very important in a public health. Emergency government it has credibility the government has to make difficult calculations about to what extent to close off the border which would damage the economy toward extent. It's worth suffering that economic comic damage in order to control the virus and people here don't think those judgments being made in the interests of Hong Kong loan. They still think the Hong Kong government is doing the bidding of Beijing. Now that may or may not be true these judgments so as very difficult but we've seen for example people trying to disrupt the rail link between Hong Kong and the mainland throwing items onto the tracks. None of that is going to help the border question. For Hong Kong in global global economy terms the border future for Hong Kong in the eyes of international investors depends on it security and safety as a financial hub. There I I think the virus is a blessed concern. This isn't a homegrown problem. It's something that many parts of the world are facing and in Singapore has more confirmed cases of this virus than Hong Kong so whereas the protests reflected very much domestic weaknesses. The virus is obviously something that transcends Hong Kong and so I don't think it necessarily will further jeopardize its status as an international financial hub. Thank you very much time. Thank you my pleasure..
"hong kong" Discussed on Stuff They Don't Want You To Know Audio
"The island of hong kong is just is to the south of where the main city of hong kong is right so over the next several decades over the next fifty years the u._k. Expands it's control of <hes> adjacent areas. They take over the kowloon peninsula in the kowloon bay. They take over. What's called the new territories this last area. The new territories territory's comprises a lot of modern hong kong but wait you might be saying didn't knoll just mention that this lasted lasted from eighteen forty one to nineteen ninety-seven what gives some of us may remember the events of nineteen ninety-seven in eighteen ninety gate way back in eighteen ninety eight when the u._k. Took control of these new territories. They didn't actually control them indefinitely gently. They leased them from the government of china for ninety nine years unusual ben. I this struck me as being a little bit a strange like putting a clock on it like that. It's such a long clock. It's weird you know. Property in general is a little bit. We are in this part of the world. <hes> frequently frequently people don't buy land. They lease it from the government. I was surprised and <hes> i was alive at this time on his surprise. When hong kong was given back quote unquote to to china on july first nineteen ninety seven. I had not heard of something something like this happening. But of course i was not an expert in the peaceful transition of power so i i don't know we'll get into it but there's certainly were caveats with that quote unquote giving back of hong kong to china correct yes yeah because as the date approached as july first nineteen ninety-seven approached both the government of mainland china and the united kingdom mm realized it would be cartoonish -ly difficult ni- impossible to separate the new territories from the rest of hong kong this had become one cohesive thing and that's when they said okay we have to make something work the way that hongkong along the u._k..
"hong kong" Discussed on RNZ: The Detail
"Detail i'm sharon. Break kelly it's the cry of hundreds of thousands of protesters eastern who braved torrential rain to protest and hong kong streets again at the weekend and that's despite growing warnings from beijing but this is not unusual angry young mob within the mums proteins. We've had the lawyers proteges. We had the teachers protest they would try. They would taxi drivers protest thing. They've been government officials protesting. This movement has broad support within hong kong the people of hong kong want to maintain the one country two systems moto although but the tanks are at the border and china's not backing down this propaganda video from china showing off its armies army's capabilities and the strong message is that the unreached will not be tolerated in china's ambassador.
"hong kong" Discussed on The Journal.
"Oh call has seen its biggest political crisis in decades the last ten weeks natasha khan is a hong kong correspondent for the wall street journal. I've been covering the pro democracy marcy movement in hong kong since two thousand fourteen and i've been covering the current round of protests since it started. There's an unlikely trigger for these protests a murder order in taiwan. There's a couple that was from hong kong that were traveling to thailand for a trip and the boyfriend and that couple had murdered his his girlfriend allegedly he fled back to hong kong and taiwanese authorities asked for him to be taken back because hong kong. They didn't have an extradition agreement with taiwan. Authorities began to really try to push through this proposed law which would allow for hong kong the people and other suspects to be extradited to china and other countries for trial. This proposed law was really contentious because china china has a more opaque judicial system and there were concerns about human rights abuses for people who are tried in that system people in hong kong were unhappy happy with this law for one particular reason it could let china reach into hong kong a semi autonomous region and apply chinese law there baz as more and more people in hong kong society started asking for the spill to be either delayed or withdrawn and there wasn't a response of the government momentum began to build for a giant giant protests essentially on june ninth which ended up drawing an estimated one million people on the streets. It was a hot day was humid and people were waiting. I mean seriously seven hours to just walk down the streets and to make the statement that they cared that maybe the government should rethink this bill. There are people in wheelchairs are grandmothers. There were people with their families families. There was a a really broad costs action holcombe there and what happened was that i think about an hour. After the march was officially declared don the government it didn't come out and address these one million people which represents like seventh of this population but they issued a press release. This press release acknowledged the protesters concerns but said in essence that the protesters simply misunderstood the bill it also said the extradition bill would continue to move through hong kong's legislative council on june twelve and so once again people in hong kong took to the streets on on june twelfth was very tense mood and in the mid to late afternoon. Police started clearing the protesters with quite a lot of force. You know they use a lot of tear gas rubber bullets which really caused a huge reaction society here that in turn led an estimated two million people to come out the next weekend the weekend after that and the the weekend after that protesters kept coming out they have shown up in malls in hospitals and this week they shut down the airport in the scenes beans. Were were one of solidarity. Many people took the day off from work to go and support and you had people just chanting throughout the whole day just chanting sitting on the airport arrival hall chancing for the government to listen to them. You know there's a term in cantonese which is language we speak in hong kong and it's called guy and means at oil and it's really kind of like a word of encouragement to say hey like i got your back. You know you can do it and and one of the biggest chance that you'll always see now like every few days when there's a protest as people people saying hongkongers at oil you know hung out and guy out. There are a lot of things adding oil to these protests the way the protesters are organizing online the way police are responding but the driving force underneath it all has to do with this extradition bill not the bill itself but what it could mean for hong kong hong kong's leader carrie. Lam said she would suspend the bill after those early protests but she hasn't withdrawn it entirely entirely it may seem like a pretty nuance difference but protesters are worried that lamb may be serving china's interests not hong kong's from the protesters point of view if you could do this one thing and you're still not doing it. Is it because china has said they're not going withdraw the bill. It feels like there's this attention between the hong kong government and china like you have said distrust right of the hong kong government that they aren't just puppets of beijing yes and and i think that that's something that didn't happen overnight. One.
"hong kong" Discussed on Monocle 24: The Foreign Desk
"In recent weeks the streets of Hong Kong have been filled by not just the biggest demonstrations in recent memory but some of the largest gatherings of people in human history they began as protests against a proposed law which would enable extradition of suspected criminals from Hong Kong to mainland China this dispute over a technicality has escalated into a standoff between Beijing and the people of Hong Kong with the government of Hong Kong occupying being a distinctly uncomfortable position in between two clearly determined entities. There were always going to be tensions in the one China Two Systems setup agreed when Hong Kong once a British colony was returned to to China in one thousand nine hundred ninety seven but despite what Beijing may have wanted or imagined Hong Kong does not appear at all reconciled to its eventual absorption into China proper sheduled to occur by two thousand and forty seven indeed among the younger Hongkongers in particular a separate identity appears to be emerging one rooted at least in part in the idea of Hong Kong as a democracy so far at least China has taken a relatively restrained approach to the demonstrations as it did to what became known as the umbrella movement of two thousand fourteen but is China's patients infinite can Hong Kong be lewd or pushed towards compromise and does Hong Kong's songs government have any say in any of this anymore. This is the foreign desk.
"hong kong" Discussed on Correspondents Report
"Well, you will have seen the scenes over the past two weeks. Hong Kong has been the scene of anger and violence and tragedy at a record breaking display of defiance to the communist party rule is in China at its peak almost two million people marched in Hong Kong to demand. The scrapping of legislation that would allow almost anyone to be extradited to face trial in China. The China correspondent Bill Birtles looks back in a moment of courage, and of history. It's Sunday morning, June sixteenth. And I'm feeling pretty pessimistic about the story deigned sent to Cava sitting over our usual, Hong Kong breakfast of Tyco, coffees at the hotel. I'm going through planning messages from ABC headquarters with my colleagues, Nick doll and Craig Berkman it saying back in Sydney. Everyone thought Hong Kong was about to go off again. Just dies before hundreds of riot. Police moved in on mainly young protestors at a demonstration outside the city's legislative assembly. Hong Kong's.
"hong kong" Discussed on The Daily
"Austin where does all of this begin? The story begins a year ago in February of twenty eighteen Austin Ramsey covers Hong Kong for the times a young couple from Hong Kong. They went from Hong Kong to Taiwan bre trip over Valentine's Day. After this trip he returns and she doesn't. Her family is incredibly worried, and they contact Hong Kong police Hong Kong police contact Taiwan. Police the police in Taiwan begin looking into it, they find the hotel where the couple stayed they find footage of him coming out with a large suitcase..
"hong kong" Discussed on The Heat
"I've been to Hong Kong by before off the hand off. So we have a lot of family history. I remember my dad saying a lot of other people saying that during the handover in nineteen ninety seven everyone expected the PR to come marching over the hills and take over every street corner in Hong Kong. So there is that sort of feeling especially in the west, as you know, just any minute, now it's all gonna be taken away, hundreds of thousands of people have taken to the streets of Hong Kong to protest a controversial proposed extradition, Bill, if passed by the territory's legislature, it would allow suspects to be sent to mainland China for trial or to any other country for that matter to use tear gas and rubber bullets to disperse crowds.