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Silver lining following the Hong Kong storm already! – The Manila Times

 


The time was when even rabid Hong Kong defenders in the Philippines were on the verge of leaving the global financial center for the lost. The United States has worked tirelessly to destroy China, efforts which in modern times have postponed the Tiananmen Square incident, where millions of young Chinese people gathered in 1989 in the famous Tiananmen Square and demanded democratic reforms.

Several accounts have called the Tiananmen incident, commonly known as June 4
Incident in mainland China, at the instigation of the United States. It is true that these reforms necessarily meant the dismantling of the Chinese socialist system, a magnificent obsession with the United States, like the glasnost and the perestroika of Soviet President Mikhail Gorbachev who demolished the Union of Soviet Socialist Republics (USSR) in two years . (Interestingly enough, Gorbachev won the Nobel Peace Prize, popularly perceived as recognition of the efforts that advance the American concept of democracy. The Nobel Peace Prize was always awarded to Gorbachev on October 15. 1990, a good year before the dissolution of the Soviet Union. This indicated that the cancellation of the USSR was a fait accompli well before it materialized. December 26, 1991. Now, if it had taken place in China, it would have turned into truly awe-inspiring chaos, because on that day, 93 years ago, Mao Zedong was born. Imagine the dissolution of the People’s Republic of China on the very day of the anniversary of the birth of the Great Founders. All the more reason for such an event never to happen in China.

Thus, the Chinese Communist Party (CCP) would not even bow to American tactics so devious to overthrow socialism under the pretext of democratic reform. He met the Tiananmen protest with a decisive stop. And the Chinese socialist system had grown even stronger since then. With the push of President Xi Jinpings of the Belt and Road Initiative around the world, China had made resolute progress as the sole promoter of a global community of shared prosperous futures.

And yet, the United States never tires.

Desperate to maintain contrary hegemonic conceptions in the world, he begins to slam China at the least excuse. Last year, spontaneous protests broke out against the extradition law passed by the Carrie Lam government which would allow him to put the criminals on the run from the Chinese authorities. The American consul in Hong Kong teamed up with the young leaders to spark the spontaneous rise and turn it into a violent call for separation from the Chinese central government.

Riots broke out across the island city. The stores were burned or destroyed. Barricaded streets. Transport stopped. Travel and commerce have ceased almost completely. Investors have soared.

What if Hong Kong withers, said my favorite Hong Kong sympathizer, obviously in self-comfort. Anyway, China will not need it much.

Indeed, China had achieved world supremacy without Hong Kong in its scope; the city was returned by Britain to China in 1997. The only reason the Chinese central government would keep Hong Kong is that it is the Chinese territory over which China must fight with anyone.

The commander of the People’s Liberation Army (PLA) garrison in Hong Kong has come to the point of having to threaten to intervene militarily if the situation so requires. But the central government has kept its cool. Let the people of Hong Kong decide the matter.

However, he clarified that it was entirely within his purview to pass national security legislation developed by the Standing Committee of the National People’s Congress of Hong Kong.

In Tagalog you call it, The pain of slavery is pain throughout the body. (The pain of
the little toe is the pain of the whole body.)

And it is therefore with exquisite patience that China weathered the storm of Hong Kong. The United States has furiously stirred up this storm with even more ferocious calls for democracy with the passage by the Chinese National People’s Congress of the national security law drawn up by the Standing Committee for Hong Kong.

It did the trick in fact. With the national security law in place in the city, the American troublemakers only got what they deserved: a most effective neutralizer.

No more unruly protests. No violence. No riots. Hong Kong returns to the good old happy days.

I don’t have much talent for business semantics, so let me quote this recent Hong Kong development expertise in the South China Morning Post: Hong Kong stocks are spinning in June stellar, gaining 6% over of the month, even as China passes Iris Ouyang and Deb Price, a controversial security law:

The Hong Kong Hang Seng Index recorded its largest and only second monthly gain of
2020 in June, a month after the shock of the Chinese legislatures on the announcement of its national security law for Hong Kong. The benchmark has recovered all losses, and more, since this announcement. The Hang Seng index rose 0.5% to 24,427.19 on Tuesday, breaking a three-game losing streak and leaving a monthly gain of 6.4% for June, even as China passed the controversial law. The Hong Kong dollar strengthened to 7.7500 to the US dollar, triggering intervention by the monetary authority as an influx of foreign funds continued to push up the local currency exchange rate. The funds allocated to investors on the continent are positioned to operate several IPOs (first public offerings).

Galaxy Entertainment was the main winner of the benchmark, up 3.8%. Other stocks of casinos infected with the virus have increased, as well as rumors that China will soon begin to slowly resume its visa program which allows the mainlanders to visit the main gaming center of the world.

This is with regard to media accounts.

It must be much more pleasant to discover the new silver lining from Hong Kong at Ground Zero. It wouldn’t really bother me if my favorite Hong Kong defender would treat me one of these days.

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