Winners, losers in Xinjiang cotton row

Winners, losers in Xinjiang cotton row

For politicians with wide-ranging commercial interest in China, it really hurts. One named person facing China’s sanctions saw his family fortune dwindle by US$1bil as businesses linked to him are hit, according to social media posts.

According to media reports, Germany’s Adidas saw its share price plunge by over 6% on March 25. Adidas and US-based Nike saw their combined market value dissipate by more than 70 billion yuan or US$10.7bil. The market value of H&M; slumped by about 4.8bil yuan.

*Xinjiang*

China resents US presence in Afghanistan

The “hidden agenda” of the war on terror in Afghanistan has been an open secret. The first inkling of its geopolitical character came when it transpired that even after installing a pro-US regime in Kabul in 2002-2003, Pentagon was in no mood to vacate its Central Asian bases. Finally, the bloody Islamist uprising in Andijan in Fergana Valley in May 2005 prompted Russia and China to orchestrate an SCO consensus seeking the expulsion of the US from those bases.

China resents US presence in Afghanistan

China Hit With Sobering Splash of Reality as Alaskan Talks Melt Under Heat of U.S. Belligerence

By Matthew Ehrett | Strategic Culture Foundation | March 24, 2021

They had some reason to make their hopeful assumptions as the U.S. State Department press releases announced that the meetings would “highlight cooperation that promotes peace, security and cooperation in the Indo-Pacific region and around the world.”

The Chinese certainly hoped that the sanctions imposed under Trump’s watch might be rolled back by the new administration and that the new team might respect China’s sovereign right to pursue its economic interests without being seen as an opponent to the decaying western empire. They have understandably gotten quite tired of dealing with the constant unipolar intimidation as has been so common since Obama’s Asia Pivot was first announced in 2012. In response to the pressure of a dying empire attempting to insecurely impose its will on a growing nation which will soon find itself as the economic leader of the world, China has responded consistently with class and restraint calling for cooperation and dialogue.

China Hit With Sobering Splash of Reality as Alaskan Talks Melt Under Heat of U.S. Belligerence