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Will the Trade Conflict Confound China’s Ambitions? (George Magnus/Carnegie-Tsinghua Center for Global Policy) The Chinese government and the CCP wished for a celebration for the republic’s 70th anniversary, but a number of pressing matters have cast clouds over their heads. The trade conflict with the US had much greater externalities than expected on a lagging Chinese economy, which had become increasingly integrated with the rest of the world. Finding a solution to the unrest in Hong Kong is proving another huge, hot potato.
China’s Impact on Global Financial Markets (NBER) Examines shifts in the structure of China’s capital outflows over the past decade, and how Chinese institutional investors had become the major channel of China’s foreign investment outflows. In contrast to the presumptions of many, these investors, in fact, overweigh sectors and regions where China has a comparative disadvantage.
People’s Republic of China Reaches Age 70 (Econospeak) Examined the PRC’s rapid socioeconomic and political transformation 70 years since its founding days. The CCP could be seen as a dynasty of modern age. But aside Hong Kong and now Taiwan, the expansion of power and influence across much of the world, especially through the Belt and Road initiative, may be running into limits.
How China Sees the Hong Kong Crisis (Foreign Affairs) Beijing has been acting fairly restraint towards the protests in Hong Kong. A firm belief is that the majority of Hong Kong elites and part of the Hong Kong public would be Beijing’s allies in solving the problem. Beijing also heavily criticise the US involvement in the matter, as it believed that Washington sought to inflame radical sentiments in Hong Kong.
China’s Hong Kong Problem (Project Syndicate) Chris Patten, the last British governor of Hong Kong heavily criticises the way China is handling the protests. Instead of undermining international trust with their behavior, they should affirm their intention to uphold China’s commitments under the Joint Declaration treaty and guarantee HK’s freedoms and high degree of local autonomy until 2047.
Hong Kong’s Protesters are Outfoxing Beijing Worldwide (The Atlantic) The key figures who lead the Hong Kong protests are now having the public opinion high ground on several international occasions – especially in the western world. They are better at utilising technology and social media to voice their opinions, have their cases heard by a much wider audience, and seek moral support.