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CY Leung

This tag is associated with 17 posts

China has a $1.2 trillion Ponzi finance problem


Chinese borrowers are taking on record amounts of debt to repay interest on their existing obligations, raising the risk of defaults and adding pressure on policy makers to keep financing costs low. The amount of loans, bonds and shadow finance arranged to cover interest payments will probably rise 5 percent this year to a record … Continue reading

Putting Hong Kong’s Chief Executive above legislature makes Hong Kong ungovernable


In its report “Beijing says Hong Kong top leader is above legislature, judiciary” today, Reuters quotes Zhang Xiaoming, Beijing’s chief liaison officer in Hong Kong, as saying “The dual responsibility of chief executive to the central government and Hong Kong has given him a special legal position which is above the executive, legislative and judicial … Continue reading

Prelude to Conflict: Asia, March 23, 2015


The conflict is already here. As it seems, China always planned to invade Taiwan and upset the teetering Pacific balance. Myanmar and India won’t have any more. Declassified notes (last week) suggest China was lying about their intentions with Hong Kong since 1958 and Thatcher knew this in her confidential talks with Beijing in the … Continue reading

Prelude to Conflict: Asia, March 16, 2015


A thorough and thoughtful article catches wind, documenting China’s threats against Great Britain over Hong Kong. Based on records declassified in 2013, the Crown wanted independence for Hong Kong long ago, but Beijing threatened invasion. The Hong Kong we know has been a store front so China can access the world and so Taiwan would … Continue reading

China used threats of invasion to stop United Kingdom giving Hong Kong independence and democracy since 1950s


By September 29 2014, peaceful protesters had been clogging Hong Kong’s downtown for less than a day, but to the Chinese Communist Party this already smacked of ingratitude. Here’s an excerpt from an editorial that ran that day (link in Chinese) in the People’s Daily, the party’s official mouthpiece, entitled “No one cares more about … Continue reading

Prelude to Conflict: Asia, February 16


Propaganda turn of the tide. For years, Chinese have attended international circles, promulgated their talking points, and convinced others to unwittingly do the same. But, recent reports explain that having traffic lights and convincing drivers to stop at them are two different things China’s military has some technology, flaunts technology it does and doesn’t have, … Continue reading

China warns Hong Kong not to confront Beijing


In its report titled “Zhang Xiaoming: Dissemination of views on Hong Kong independence not tolerated”, Hong Kong’s Oriental Daily says that Zhang Xiaoming, Director of the Central Government’s Liaison Office, summed up for the first time the 79-day Occupation Movement. He stressed that Hong Kong’s high-degree of autonomy does not mean that Hong Kong was … Continue reading

Prelude to Conflict: Asia, February 2


Hong Kong is back at it, this time marching on local elections. Japan is outraged over Muslims beheading one of their own, Asia is watching. Taiwan’s President is ever less popular and now with more proof than ever. Little news happened this week, but much analysis and beautiful night pictures of Hong Kong and Taiwan … Continue reading

Prelude to Conflict: Asia, January 5


When it comes to Chinese-speaking pastors and the Chinese government, the Chinese are very non-communicative. It’s a shame and a sham, literally—a shame because of the “Shame” culture that can’t man-up to face hard talks and a sham because it’s always hiding some greater aspiration of self-indulged grandeur. China’s boasts of its “great cities” show … Continue reading

Prelude to Conflict: Asia, December 29


Taiwan hit headlines again this week. More popular than New York, London, and Paris for New Years Eve. Home to a just-finished military head quarters after an 18-year construction project. An ever unpopular President facing oil-food scandal bribery allegations. And, now, object of all China’s military fears, as obviously false Chinese media propaganda tells. Taipei … Continue reading

Prelude to Conflict: Asia, December 1


Taiwan’s landslide election was more historic than the Democrats’ whompping early November. The vote didn’t reject Taiwan’s KMT-Nationalist party as much as it rejected Beijing. One big factor ignored by media: Clearing HK demonstrators in Mong Kong two days before Taiwan elections solidified voters’ decision: The KMT’s de facto agenda of “Taiwan SAR” is unacceptable. … Continue reading

Prelude to Conflict: Asia, November 17


The week of deliberation, choices, and ring around the rosy. Someone sets an unpopular policy, someone else finds a way around. World leaders came together. Rhetoric repeats, “China can grow; China must learn.” Hong Kong’s Umbrella Movement continues to wane as the world continues to react from all that Asian students have taught the world … Continue reading

Hong Kong: Betrayed by China and abandoned by the British


One of the most profoundly disappointing responses to the events in Hong Kong has been Britain’s silence – or its weak words that have sometimes been worse than silence. At the very least, Britain should act honourably: it has a moral and legal responsibility to Hong Kong. It did after all sign a treaty, back … Continue reading

China warns of ‘unimaginable consequences’ if Hong Kong demonstrations continue


China’s Communist Party has warned of “unimaginable consequences” if demonstrations by pro-democracy campaigners in Hong Kong continue. The threat, made in the party-run People’s Daily, came as China’s government appeared to be losing patience with the protesters, who have threatened to occupy government buildings unless the city’s chief executive, Leung Chun-Ying, resigns by the end … Continue reading

An open letter to the Chinese Communist Party regarding the Hong Kong protests


Recent events in Hong Kong present the Chinese Communist Party with an unprecedented opportunity to consolidate power in the territory. After the teargas used on the first night backfired, figuratively and at least once, literally, it’s time to reassess your options. The “guerilla strategy” of occupying many locations simultaneously to spread out the police, combined with … Continue reading

Hong Kong: Historical irony lost on Swire


Since the National People’s Congress decided in 2007 to allow Hong Kong’s chief executive to be elected via universal suffrage in 2017, pro-democracy camps in the SAR have been excitedly debating how the process will work. However, when the UK Minister of State at the Foreign and Commonwealth Office, Hugo Swire, decided to enter the … Continue reading

Australian Foreign minister on trade tour of China


  Australia’s Foreign Minister Senator Bob Carr today began a 10-day visit to boost bilateral ties and economic links with China. Senator Carr will have a series of high-level meetings in China, including in Hong Kong, Sichuan, Chongqing and Fujian. In Hong Kong, he will meet Chief Executive C Y Leung, Chief Secretary for Administration … Continue reading

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