Category: Chinada

Art Of The Deal

Reuters;

China is running out of options to hit back at the United States without hurting its own interests, as Washington intensifies pressure on Beijing to correct trade imbalances in a challenge to China’s state-led economic model.
 
China said this week it would impose higher tariffs on most U.S. imports on a revised $60 billion target list. That’s a much shorter list compared with the $200 billion of Chinese products on which Washington has hiked tariffs.
 
Washington has also turned up the heat on other fronts, from targeting China’s tech firms such as
Huawei and ZTE to sending warships through the strategic Taiwan Strait.
[…]
 
“The medium- to long-term ramifications on supply chains are being deeply underestimated. I would be severely concerned if I was China,” Robert Lawrence, a nonresident senior fellow at the Peterson Institute for International Economics, recently told journalists in Beijing, where a group from the think-tank met with senior Chinese officials.

Meanwhile in Chinada: Potatus minor* and the Red Dwarf will “not be rushed”

* Better

Chinada

Pinky swear: “We are willing to sign no-spy agreements with governments, including the UK government, to commit ourselves to making our equipment meet the no-spy, no-backdoors standard,” Huawei chairman Liang Hua told reporters in London via an interpreter.

“Why Should I Sell Your Canola?”

Well, this is good news! The government says you can borrow more money.

It’s a “scientific-based disagreement”, according to Trudeau. So, here’s some advice for Canadian farmers — you might change the name of your crop to “Bombardier”.

Chinada

Silent Invasion, Clive Hamilton’s ground-breaking book about China’s covert influence on Australian society, has been both applauded as an overdue exposé and criticized as an exaggeration of the problem. But when he finished the book, he received some unwanted validation of its central thesis: three Australian publishers declined to publish it, citing fear of retribution from Beijing or its allies.
 
Hamilton, a professor of public ethics at Canberra’s Charles Sturt University and former executive director of progressive think-tank The Australia Institute, eventually found a willing publisher, and now is working on a sequel dealing with similar issues in North America. What he’s discovered so far makes him very concerned for Canada. He spoke with the National Post during a visit to Toronto.

He Admires Their Basic Dictatorship

First rule of dictatorships — when you sell yourself to dictatorships, they expect you to stay bought.

Winnipeg-based grain handler Richardson International had its registration to ship canola to China cancelled at the beginning of March.
 
“Canola is our biggest cash crop in the province, so this will affect things right away and quickly,” said Agricultural Producers Association of Saskatchewan president Todd Lewis.
 
The Chinese government didn’t disclose its reason for blocking Richardson’s access, according to a Tuesday report from the Reuters news agency.

Hockey Night In Chinada

AP;

As a nasty diplomatic feud deepens between the two countries over the tech company, involving arrests and execution orders, it hasn’t gone unnoticed that Huawei’s bright red fan-shaped logo is plastered prominently on the set of “Hockey Night in Canada.” TV hosts regularly remind the 1.8 million weekly viewers that program segments are “presented by Huawei smartphones.”

It’s Probably Nothing

Financial Post;

If the Canadian housing market crumbles, Costa said, the banks will be the ones “holding the bag.”
 
“We think the housing sector is the poster child for all the problems and imbalances we see in Canada today,” Costa said. “It’s pretty clear to us that the financial sector … when the economic cycle turns, are the ones that take the most hits.”
 
Costa would not speak about individual names Crescat is shorting, offering only that the firm has positions in “all the big liquid ones.”
 
Costa is also concerned that, according to his figures, 80 per cent of Canada’s non-financial stocks are not cash flow positive. Those numbers are in stark contrast to the economy reaching full employment.

h/t Buddy

Chinada

Continued… John McCallum has resigned as ambassador to China at the request of Prime Minister Justin Trudeau. […] the move comes after the former ambassador was quoted in StarMetro Vancouver on Friday as saying it would be “great for Canada” if the United States drops an extradition request against a Huawei executive detained in Canada.

He Admires Their Basic Dictatorship

Thirteen Canadians have been detained in China since the high-profile arrest of Huawei executive Meng Wanzhou in Vancouver on Dec. 1, according to a Canadian government official.
 
A Global Affairs Canada spokesperson, Guillaume Bérubé, confirmed the detentions in a statement to The Globe and Mail. Until Thursday, only three Canadians – Michael Kovrig, Michael Spavor and Sarah McIver – were publicly known to have been detained in China since Canada’s arrest of Ms. Meng, Huawei Technologies Co. Ltd.’s chief financial officer. They were picked up after China promised retaliation for Ms. Meng’s arrest.
 
“Global Affairs Canada is aware of 13 Canadian citizens having been detained in China, excluding Hong Kong, since December 1, 2018. Of those, we can confirm that at least eight have been released,” Mr. Bérubé said in an e-mail.

But don’t you worry, assures the Globe and Mail. It’s all completely normal.

According to a government official who was not authorized to speak publicly, a total of about 200 Canadians have been detained in China for a variety of alleged infractions and continue to face ongoing legal proceedings, and many of them are out on bail or serving probation. The source said the number of detained Canadians has remained relatively stable, without a marked increase or decrease in recent years.
 
For comparison, the source said almost 900 Canadians are detained in the United States.

For “comparison”, mind you.

He Admires Their Basic Dictatorship

It’s the Star, so proceed accordingly.

The extradition dilemma now facing Trudeau and his government is suddenly more complicated. It raises questions of law, politics, international trade and security.
 
It is fraught with geopolitical tension.
 
That’s because the fate of two Canadian citizens detained this week in China could depend on whether Ottawa hands the Huawei executive over to the U.S. justice system. Former Canadian diplomat Michael Kovrig and Canadian businessman Michael Spavor could languish in jail for years awaiting legal processes because China’s foreign ministry has levelled grave accusations against them of harming state security.
 
No Americans have been detained in the wake of the U.S. request to extradite Meng, as far as anyone knows.
 
“They go after who they think might be vulnerable,” said Cotler.

See if you can spot the stunning hypocrisy that arises later in the piece.

Related: ‘We’ve never been this alone’
(h/t Joseph)

He Admires Their Basic Dictatorship

This is awkward.

China has detained a second Canadian citizen this week, a Chinese government news site has confirmed. China’s state security bureau is holding Michael Spavor on suspicion of jeopardizing China’s national security. As NPR’s Rob Schmitz reports, the detentions appear to be retaliation for Canada’s arrest of Huawei executive Meng Wanzhou.

Related: Richmond MLA tight-lipped on Huawei ties, as telecom giant’s boss is bailed

Update: Good comments on this thread. I’ve been on the road much of the day and the readers have, as usual, stepped in to pick up the slack.

C.I.S.I.S. has been warning about security risks to Canada and Canadian interests for years. Liberals have for some mysterious reason seemed oblivious or worse.
 
The first post-Cold War instance surfaced during Operation Sidewinder (about Triad infiltration/immigration), the RCMP Report, that the then Liberal gov’t. deep sixed. An officer actually violated his oath of secrecy to make that public, as he viewed his loyalty to Canada paramount.
 

Now allowing Cdn. security, military and industrial, to be compromised, the vaunted 5 Eyes, may, in effect, become 4 Eyes, as Canada’s gov’t. is deemed by our closest allies as willfully blind.

WUT? China Arrests Kim Jong-un’s Canadian Drinking Buddy, Friend of Rodman

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