Former prime minister Paul Keating has told the National Press Club that Australia ‘is now very much at odds with its geography and it has lost its way.’ The former Labor PM said Australia must deal more productively with China and criticised the current government for looking for its ‘security from Asia rather than in Asia’. Keating also called the federal government’s planned submarine project under Aukus ‘like throwing a handful of toothpicks at the mountain’ The Guardian
Day: November 9, 2021
U.S. Holocaust Museum Says China ‘May Be Committing Genocide’ Against Uyghurs
The U.S. Holocaust Memorial Museum said in a report issued on Tuesday that China had escalated its crimes against the Muslim community of Uyghurs in the northwestern region of Xinjiang and that it was “gravely concerned” that the government “may be committing genocide.” The report, “‘To Make Us Slowly Disappear’: The Chinese Government’s Assault on the Uyghurs,” builds on a March 2020 announcement made by the museum that there was “reasonable basis” to believe that the Chinese government “had perpetrated the crimes against humanity of persecution and of imprisonment” against…
COVID-19 Complicates China’s ‘Football Dream’
Advertisement Markers of China’s rise are ubiquitous these days, but one form of international prowess has remained stubbornly out of reach: success at football, and specifically the FIFA World Cup, the premier international football competition. It may seem silly to focus on a sports competition as a marker of international prestige, but China’s top leader himself has made no secret of harboring just such ambitions. An avid football fan himself, Xi Jinping unveiled a “Great Football Dream” in 2016, a niche subset of his broader “China Dream,” but motivated by…
‘It’s alarming’: intense rainfall and extreme weather become the norm in northern China
The unusual rains began to fall in Shanxi on 3 October, and the torrential downpours lasted for three days. According to Chinese media, the 59 observatories across Shanxi province all recorded historic levels of rain. According to the local weather bureau, the average rain in the province reached 120mm (4.7 in) between 2 and 7 October. The average rainfall across the US over a whole month is 71mm. But when the rain finally stopped more news began to emerge about the damage it had caused. A week later, the Communist…
China Evergrande Troubles Spread Through Property Sector
When times were flush for the property developer China Fortune Land, it bought a trophy soccer club and recruited star athletes from Argentina. These days, the players with the club, Hebei F.C., are on indefinite leave because it can’t afford to keep the lights on. The developer is one of a growing number facing financial strain in China, challenging the narrative from Beijing that it can keep the country’s corporate debt crisis under control while avoiding the disorderly collapse of its property giants. Global markets just weeks ago were fretting…
Introducing the New Beijing Stock Exchange
Advertisement China’s new stock exchange based in Beijing will open on November 15. This exchange is aimed toward financing innovative start-ups, and will act as a third stock exchange in mainland China, in addition to the Shenzhen and Shanghai stock exchanges. However, the new exchange is unlikely to prevent Chinese firms from listing or cross-listing abroad. The Beijing Stock Exchange will act as a new “Third Board,” listing companies in the areas of medicine, mechanical equipment, new materials, and information technology. The previous Third Board, the National Equities Exchange and…