China focus

Achieving China’s “centenary goal of fully building a modern socialist country” will require more courageous reforms.

The partnership will build on current areas of collaboration and facilitate financing and investment activities.

“Why is Australia attacking China? They are killing my Australian investments!”

This pattern of coercion has three aspects and it starts with Huawei.

This is how it works. You have a hugely successful business in the US, but you are a foreign company. Your US competitors missed the boat and cannot catch up. The first step comes with the unproven charges that your company is a security risk.

The Chinese economy is almost alone in forecasting growth for 2020 and beyond. Tapping into this investment market is easier than ever with the progress of the Cross Connect programme between Hong Kong and the Shanghai and Shenzhen exchanges.

Covid-19, the “Black Lives Matter” protests and the collapse of the UK economy, are all important issues, but they also mask the acceleration in anti-China sentiment.

Which do you believe? Market indices like the Dow Jones Industrial Average or the Shanghai Composite Index, or economic information such as jobs numbers and PMI (Purchasing Managers’ Index) figures? The answer is simple for traders.

To help make these personal decisions the central government will probably offer some incentives for the “big men” to redeploy their capital in the domestic Chinese market rather than send it overseas.

(Oct 30): Singapore’s sovereign wealth fund boss named credit excesses and the property market as two of the biggest challenges facing China.