The balance of power


“The balance of power around the world is changing.” He says.

“Em…”I murmur.

“Ancient people would reason the serious natural disasters that there must be changes of sovereignty or political power.” He continues.

“Really?”

“Like in the bible, the birth of Jesus.”

“There was a very bright star, not a disaster.”

“Like the death of Jesus.” He changes.

“Yup, and whatelase?” I ask.

He is silent.

“Are you talking about the great Earthquake in China and the birth of new China.” I ask and give him some examples.

“Do you also mean the Hurricane Katrina and the presidency of George Bush?” I wonder.

“Also the famine in Japan during world war II?”

“Do you believe that history will repeat itself? It will repeats in such cunning disguise that we never detect the resemblance until the damage is done.” He worrys.

And I am silent.

War does not determine who is right, only who is left.

I am sorry that I didn’t update my stories with my boss for this week as I was super busy. The world are debating and concerning the situation in Afghanistian in these few days. And Biden adminstration is busy about blaming everyone but himself for the chaotic withdrawal from there.

“Before the militory withdrawal from Afghanistian, people are concerning about when will the US government withdraw. After the chaotic withdrawal from there, people are concerning about how did the US government withdraw.” My boss rolls his mobile and says.

“Yup, but Mr. Biden has already expained that there is never a good time to withdraw US forces. And people agree to withdraw US troops from there at the very begining.” I say.

“The main concern is Democracy will be a problem sometime.” He explains.

“May I ask why?” I confuse.

“Decision making is too slow. Sometime we need to do it fast.” he emphasises. “Reacting time is the key especially during wars. You cannot wait!” he stresses. 

“No mather how powerful of your armaments, no mather how advanced of your militory technology, if you don’t act fast, you loss.” He affirms.

“So much of our lives is given over to the consideration.” He suppresses his sadness when he sees the images from the social media.

“Maybe this is one of the problems about work from home.” I say.

USD 3.5 trillion budget plan for Americans

Senate Democats just passed a USD 3.5 trillion plan early Wednesday. The bill will spend on the establishment of a Civilian Climate Corps, adds new dental, cision and hearing benefits to medicare coverage and investment in affordable housing.

Even though the GOP (Republican National Committee) voted against, the bill has passed without a Republican vote. Biden Adminstration previously said the US government will have tax increases on corporations and wealthy individuals to pay for the USD 3.5 trilliion plan.

There are many conerens about the 3.5 trillion plan will cause inflation. President Joe Biden hit back against information concern on Wednesday and would like to downplayed concerns about price hikes. and cited that his plans for the American economy are working. The President Joe Biden said that the consumner price inflation slowed in July. But his adminstration will also outline a number of resolutions  to lower the consumer costs.

However, there is one more concern about his 3.5 trillion plan. There is no one can gurantee the US government will have substantial tax incomes from coporations and wealthy people to cover this plan. Tax incomes may get affected by the pandemic.

Political Influence of Chinese Government over Stock Markets

Tecent stock fell over 10% in Hong Kong stock market on Tuesday after Economic Information Daily – a business newspaper owned by Xinhua News Agency published an article about online game.

The article used the terms of “spiritual opium” and “electronic drug” to describe the harmful effects of oline gaming on children and teenagers. The analysis also pointed out that industries insiders and leaders should be vigilant about the harm of online games in young people and children.

Actually there was a massive sell-off for Tecent few days ago. This analysis of online games just a week after a big slumps of Chinese tech stocks. Last week, Tecent temporarily suspended new user registration for its WeChat messaging platform because of secutiy systems udpates. Investors believe its updates is due to compliance and regulation issues from Chinese government.

The recent incidents about Tecent also proof that Chinese tech giants have to keep a good relationship with Chinese Governemnt. And they have to fulfill more social responsibility when doing business in China. 

Influences of Chinese Investors in different Areas

China may become the World’s second-largest economy behind the US.

HSBC

One of the China’s biggest insurers, Ping An Insurance (Group) Co. is the second largest shareholder of HSBC Holdings PLC. Ping An said that the investment won’t influence how the U.K. based bank is run.

 

AMC

One of the largest movie theater chain around the world was bought by Dalian Wanda Group which runs by Chinese business Wan Jianlin for USD 2.6 billion.

 

GE Appliances

A well-known iconic company in US was partly owned by a Chinese Company, Qingdao Haier. And the acquisition deal was USD 5.4 Billion.

 

Motorola

One of the early leader in telecommunications space previously now was owned by one of the famous Chinese enterprise, Lenova. This makes Lenevo become the world’s third-largest smartphone maker around the world.

 

Football

Chinese investors are interested in Football as well. Chinese billionaire Tong Xia owned Aston Villa.

 

Infrastructure Business

Chinese Investors and businessesmans own stakes in key infrastructure businesses in the UK such as Heathrow Airport and UK power Networks. Chinese investors have also bought up stakes in Thames Water which is another key infrastructire firms in the UK.

 

Education

Schools in the UK which owned by Chinabacked enterprises:

  • Bournemouth Collegiate School
  • St Michael’s School in Llanelli, Carmarthanshire
  • Bosworth Independent College in Northampton
  • Bedstone College in Shropshire
  • Ipswich High School
  • Kingsley School in Bideford, Devon,
  • Heathfield Knoll School
  • Thetford Grammar School in Norfolk
  • Wisbech Grammar in Cambridgeshire
  • Riddlesworth Hall Preparatory School in Norfolk
  • Adcote School for Girls near Shrewsbury, Shropshire 
  • Myddelton College in Denbigh, Wales
  • CATS Colleges – Campuses are in London, Cambridge and Canterbury
  • Chase Grammar School
  • Abbotsholme School, Derbyshire
  • St Bees School, Cumbria 

 

Let me know if you know more.

It is not only fine feathers that make fine birds

After three consecutive rainy days, I look out the window to see trees which look greener. There are always some birds sitting in these trees and I believe they live there.

I always wonder why birds stay in the same place when they can fly anywhere on the earth. Then I ask myself the same question.

I still remember how my boss asked me to stay here two years ago.

“Birds go wherever the food is and stay where the food is.” He spoke to me anxiously. I understood that he was worried about my decision.

“We are birds in flight, searching the skies for dreams.” I told him.

“Not every tree is a home for every bird.” He said.

“Birds born in a cage think flying is an illness.” I told him.

“At some point we all play by the rules, whether it’s the rules of all mankind, the rules of the Father who is time, or the rules of nature who is mother.” He signed and I could feel his sadness. He didn’t want me to leave.

“Anyway, keep in touch, my dear.” He looked at me and looked in my eyes.

“Will do.”

“Protectionism. One day you will understand the rules. This is only one thing more painful than learning from experience and this is not learning from experience.” He said sincerely.

I nodded.

I was not so sure. And I am not so sure.

Is stagflation coming?

“Property market is going bananas around the world.” He says after his morning coffee.

It’s always his show time in the morning at his office.

“How come the housing demand is still strong during the pandemic. Property market should start to cool on its own when unemployment rates is going up and ecomony is hit by lockdowns.” I complain.

“It can be a good sign of ecomony is covering or a sign of something bad.” He said

“bad thing? What would that be?” I doubt

“The thing that every government dosen’t want to see it.” he contiues.

“Stagflation.” He states.

I wait for his explanation.

“Stagflation will happen in the situation which the inflation rate is high, the economic growth rate slows and unemployment remains steadily high. As young as you may not know that stagflation is a catastrophic for countries. It happened at U.S. in 1970 before.”

I google it simutaneously while he is talking.

“But not everybody will lose during stagflation. It will further widen intergenrational inequality.” He explains more.

“What can we do now?”I ask.

“Not WE, just YOU.” he laughs.

“Use your creation to generate more income as fast as you could. Within crisis, are the seeds of opportunity.” He shares.

That is the most difficult part. Everything is easier said than done. Wanting something is easy. Saying something is easy. The challenge and the reward are in the doing.

The most stupid thing Didi did: Chose US stock market for its USD 4.4
billion IPO.

Just after Didi raised its IPO which valued nearly USD 68 billion in US stock marking on June 30 2021, Chinese government and Chinese Regulators blocked Didi on Chinese App stores and Chinese Market. It made Didi Global Inc. plunged below IPO price.

Didi is a Chinese ride-hailing company in Chinese and bases in Beijing which provide Chinese customers with taxi hailing, private car hailing and social ride-sharing services. Didi currently has around 550 million users and around 10 millions of registered drives over 400 Chinese cities.

Some analysts believe the crackdown of Didi in its home country means that Chinese government wants more control on Chinese big data as well as a new battlegrounds of US-China trade wars.

Didi is now facing scrutiny over its data security by Chinese regulators. This cybersecurity probe by Chinese regulators also bring out a very strong message to other China’s tech giants: Do not even think about listing in stock market outside China and Hong Kong, especially in US stock market.

For those Tech Giants business owners in China, running the whole business not just needs to be given business consideration, but also a nation security consideration and patriotism consideration.

#China #US #Didi #IPO #USstockmarket # Techgiants #money #economy #stockmarket #banking #listing #tradewar #USChinatradewar

The network

My boss is weird. He doesn’t like playing social media very much. As first, I thought it might just because he didn’t know how to use smart phone.

“How do you know what’s happening around the world?” He said.

“Everyone shares news on twitter, Facebook or IG. Technology makes information exchange faster.” I said and kept typing my email.

“So, if there’s no network, there’s nothing.” He said.

Then, I stopped typing.

“We can only source information from one single way, that’s wired.” He kept saying.

“But network is so important now. People are all talking about 5G.” I insisted.

“You source information or you are spoon-fed?” He asked.

I know. I know what he said.

He is absolutely a weird boss.

What did I sell to them?

“Don’t believe what a businessman says as well as a politician.” My boss was standing next to my working desk, holding his cup of espresso and commenting on the recent news of Mr. President.

“You’re a businessman but you’re my boss. And I believe what my boss says.” I smiled and replied.

“Businessmen and politicians are just buying what they want from the poor and benefiting the rich.”

“Then, what did the poor sell to them?” I asked.

“You’ve sold something to them but you don’t know what you’ve sold, do you?” He asked.

“Information and privacy?” I guessed.

“When the rich make war, it’s the poor that die.” He said but he didn’t answer me straight.

“Patriotism?” I guessed again.

He smiled at me and drank his cup of coffee.

What a strange boss.