"The supreme trick of mass insanity is that it persuades you that the only abnormal person is the one who refuses to join in the madness of others, the one who tries vainly to resist. We will never understand totalitarianism if we do not understand that people rarely have the strength to be uncommon." -- Eugene Ionesco
Chinese police clash with thousands protesting draconian COVID lockdowns as unprecedented civil unrest grips country - after ten died in fire when building doors were locked to stop virus spreadMikeRiveroSun, 11/27/2022 - 08:19
While the rest of the world is cutting back on coal production and shutting down coal-fired power plants, China is going full-steam ahead, doing quite the opposite. The increase in China’s coal production in 2022 will be nearly three times more than the largest European producers in a year.
If the world thought China peaked in coal production a decade ago, think again. China’s coal production reached a high of almost 4 billion tons in 2013, declined to a low in 2016, then rebounded, and is estimated to reach a new all-time high in 2022.
U.S. and other western leaders next week will examine ways to reduce allied dependency on China…NATO’s top official said Friday.
“The war in Ukraine has demonstrated our dangerous dependency on Russian gas,” NATO Secretary-General Jens Stoltenberg told reporters Friday at allied headquarters in Brussels. “So we must assess our dependencies on other authoritarian regimes, not least China.”
The focus on China during a meeting of foreign ministers Nov. 29-30 in Bucharest….
China is ready to expand practical cooperation with Cuba and strengthen coordination on global and regional issues, Chinese President Xi Jinping said on Friday during a meeting with his Cuban counterpart Miguel Diaz-Canel.
"China is ready to cooperate with Cuba to deepen mutual political trust, expand practical cooperation, strengthen mutual support on issues of interest to both sides, and is ready to strengthen coordination on global and regional issues," China Central Television quoted the Chinese president as saying.
China needs a "recalibration" of its zero-COVID strategy in order to bring the world's second-largest economy back on track, as the Yuan plummets and threat of a recession looms, one senior official with the International Monetary Fund (IMF) urged Wednesday.
Concerns over a global recession increased following reports last month that China’s goal of hitting 5.5% GDP growth in 2022 was far from attainable and would likely top at 3.2%, with some suggesting it could be as low as 2.8% – a drop from 8.1% GDP growth in 2021.
This morning I wanted to share some thoughts from my friend, former sell side analyst Anton Wahlman.
He wrote me this morning making note of news I had already seen earlier today. Namely, that Beijing, the most prominent and well-known Chinese city with a population of 22 million, was going back into Covid lockdown.
“CGTN, a Chinese state-run news channel has just announced Beijing and other cities are going back into lockdown. Schools, restaurants, gyms and other facilities closed this week to stop the Omicron variant,” he wrote me.