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Tuesday, Oct 20, 2020
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Could China be holding 20,000 tons of gold?
China has become one of the world's biggest buyers of gold, adding more than 100 tons of bullion to its coffers this year amid the trade war with the United States.
“If they announce just part of that I think that the dollar would be toast.”
Beijing would rather take the financial nuclear option in the trade war, Macleod says, noting that “US is backing it into the corner on that.”
China’s exports to the US “become less and less as Beijing realizes that the only hold that America has really got on her is China’s export market in America.”
Quote of the Day
If at first you don’t succeed, then skydiving is not for you.
Covid: Cathay Pacific to run at half capacity next year
Cathay Pacific says it expects to offer less than half of its usual capacity next year as airlines continue to suffer from the pandemic's impact.
Is China really about to invade Taiwan?
China’s increased military posturing near the island of Taiwan has led some observers to worry an invasion might be in the offing. But is it worth it for either Beijing or Taiwa...
‘You’re playing selective god’: Google ‘whistleblower’ tells Project Veritas search engine ‘skews’ results in Democrats’ favor
An alleged program manager at Google Cloud has said the search engine monolith is “playing god” in the US political scene, skewing results to benefit Democrats, according to an ...
Xi Push to End Poverty Helps Anchor Party Support in Rural China
Almost a year ago, 26-year-old Luoba Nijinmo moved her family into a brand-new housing estate called “Gratitude Community” in southwest China -- her last step to being officiall...
Tests show China’s Sinovac vaccine is safe, Brazil research centre says
Company is first drug maker to disclose late stage trial results, putting China ahead in race to develop Covid-19 shot.
Twitter user’s boast of sex with underaged ‘goddaughters’ sparks police inquiry
Blogger uncovers network of commenters offering information on how to find minors and avoid legal troubles.
Will Shenzhen swallow Hong Kong as mainland city wins more economic freedoms?
Hong Kong’s strengths – reliable courts, free-flowing information, international schools – can still lure investors eying opportunities north, experts say.
Hong Kong campaigner Alexandra Wong 'won't give up fighting'
Alexandra Wong, 64, nicknamed "Grandma Wong," said she was detained last August in the border city of Shenzhen, and forced to renounce her activism in writing.
The Stock Market Is Ignoring the Economy. Here's Why.
Stocks are booming while companies shed millions of workers from payrolls. WSJ explains why the stock market seems disconnected from economic reality.
Zakaria: Virus ushering in greatest economic inequality in decades
CNN's Fareed Zakaria takes a look at how the coronavirus pandemic has worsened inequality globally and in the US.
The Real Recession Is Just Starting
The economy is in Recession; we just haven’t felt it because of the CARES Act stimulus, but, eventually we will because we have a huge unemployment problem.
China will need more than charm to win over Asean, observers say
Beijing’s leaders have visited nine Asean countries in recent weeks but free-trade deals and financial aid are unlikely to assuage the bloc’s deep-rooted concerns, analysts say.
Hong Kong cannot afford to say ‘I don’t mind’ to being overtaken by Shenzhen
Carrie Lam’s indifference, even if diplomatic, to Shenzhen surpassing Hong Kong economically goes down badly in proud city.
Insuring the poor in Hong Kong and elsewhere is becoming big business
Microinsurance, previously the domain of NGOs, is gaining critical mass as a market and starting to attract big banks and tech start-ups, including in Hong Kong. This is good ne...
The $16 TRILLION bug: Pandemic could cost US economy its entire annual output
The US economy may lose a whopping $16 trillion due to the devastating impact of the Covid-19 outbreak, both in output and people’s lives, new research has found.
Hong Kong protester 'Grandma Wong’: I was held in mainland China for 14 months
Sixty-four-year-old vows never to give up fighting, even as she describes forced confessions and detention without trial
What's new on Zoom: A paid ticketing tool called OnZoom
Zoom, staging its virtual "Zoomtopia" user conference, introduces paid ticketing tools and apps, called "Zapps."
Europe and America are taking on the tech giants. Britain needs to join the fight
It’s time to address monopoly data capitalism, which has been turbo-charged by Covid-19, forcing the world to live and work online. A Joe Biden presidency – increasingly likely ...
China will be the only major economy to see growth this year as world braces for long recovery from Covid-19 crisis
With most of the world facing a deep recession due to the coronavirus pandemic, China will be the only major economy to climb back from the depths of the historic crisis in 2020...
$421 Million in Debt: Trump Calls It 'a Peanut,' but Challenges Lie Ahead
President Donald Trump painted a rosy picture of his financial condition during a televised town hall Thursday night, calling his hundreds of millions of dollars in debt coming ...
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