China Markets trade

Boiling Points, Rubber Stamps And Expelled Students

"We have all along rejected a cold war mentality".

Global equities are still biased to rise, but tension between the world's two superpowers and an executive order targeting America's most profitable companies are weighing a bit on otherwise ebullient sentiment around the reopening of economies. Chinese lawmakers rubber-stamped the national security measure at the heart of the renewed turmoil in Hong Kong, daring Donald Trump to make good on a threat to do something about it by the end of the week. Mike Pompeo's admonishment from Wednesday opens the door to any number of options, while the House's passage of the Uighur bill means the president has legislation on his desk that would pave the way for sanctions on Chinese officials. China's passage of the draft decision on the national security legislation (2,878-1-6, if you're keeping score at home) presages what's expected to be a lengthy period of review, during which Beijing will sort out the specifics of the new laws targeting subversion, secession, terrorism and foreign interference in Hong Kong, where shares slipped Thursday, even as they trimmed losses, in what some suggested was buying by mainland funds. China Construction Bank and Industrial and Commercial Bank of China
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2 comments on “Boiling Points, Rubber Stamps And Expelled Students

  1. “Only around 3,000 will be affected, less than 10% of the more than 350,000 Chinese students studying in the US.”
    While 0.86% is indeed “less than 10%”, I suspect that either you intended to say “30,000 will be affected” or “less than 1%”. Of course, who cares about details or math?
    Perhaps the adverse effects of decreased foreign student enrollment on university finances and the (inflation adjusted) reduction in state support over the last few decades might be worth discussion. Just as the US has too many malls, perhaps the US also has too many state universities? (Private colleges and universities are closing every year and so this issue is resolving itself.) Or perhaps the states need to increase funding for public higher education?

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