While such Deal On/Deal Off market manipulation is nothing new and has been going on for over a year and a half, there is the possibility that China is about to be royally pissed off, if not by Trump for whom a China "Deal" is critical to pushing the market to all time highs just before the 2020 presidential election and thus will not dare to anger Xi Jinping over the ongoing fiasco that is Hong Kong, then by the Senate, which is preparing for quick passage of legislation to show support for pro-democracy protesters in Hong Kong by placing the city's special trading status with the U.S. under annual review.
"The world witnesses the people of Hong Kong standing up every day to defend their long-cherished freedoms against an increasingly aggressive Beijing and Hong Kong government," Rubio said.
"The world needs to see that the United States will stand up and tell the Chinese Communist Party that what they are doing to the people of Hong Kong is wrong," Risch said in a statement.
"The U.S. stands with the people of Hong Kong, and I look forward to continuing to work with Senate leadership and my colleagues across the aisle to move this bill swiftly."
While it is unclear what the Senate's vote will achieve, besides potentially removing any hope for even a "Phase one" deal, Hong Kong has been paralyzed since Monday morning, when a demonstrator was shot during protests.
The Hong Kong Human Rights and Democracy Act would require the State Department to certify at least once a year whether Hong Kong should keep its special status under U.S. law.
Predictably, on a day when China's president Xi said that "Stopping the storm and restoring order" in Hong Kong is the most urgent task for Hong Kong, once again raising the possibility of military intervention by the PLA, the Chinese Foreign Ministry on Thursday warned of retaliation if the measure passes Congress, adding that China will take resolute measures to safeguard its interests, and repeating that the US should immediately stop interference in Hong Kong issues.
https://www.zerohedge.com/geopolitical/china-about-get-angry-us-senate-vote-show-support-hong-kong-protesters
"The world witnesses the people of Hong Kong standing up every day to defend their long-cherished freedoms against an increasingly aggressive Beijing and Hong Kong government," Rubio said.
"The world needs to see that the United States will stand up and tell the Chinese Communist Party that what they are doing to the people of Hong Kong is wrong," Risch said in a statement.
"The U.S. stands with the people of Hong Kong, and I look forward to continuing to work with Senate leadership and my colleagues across the aisle to move this bill swiftly."
While it is unclear what the Senate's vote will achieve, besides potentially removing any hope for even a "Phase one" deal, Hong Kong has been paralyzed since Monday morning, when a demonstrator was shot during protests.
The Hong Kong Human Rights and Democracy Act would require the State Department to certify at least once a year whether Hong Kong should keep its special status under U.S. law.
Predictably, on a day when China's president Xi said that "Stopping the storm and restoring order" in Hong Kong is the most urgent task for Hong Kong, once again raising the possibility of military intervention by the PLA, the Chinese Foreign Ministry on Thursday warned of retaliation if the measure passes Congress, adding that China will take resolute measures to safeguard its interests, and repeating that the US should immediately stop interference in Hong Kong issues.
https://www.zerohedge.com/geopolitical/china-about-get-angry-us-senate-vote-show-support-hong-kong-protesters
No comments:
Post a Comment