Who Beijing really blames for the protests and riots

Chinese officials and their running dogs have publicly blamed the West (CIA. MI6, etc etc) for instigating the ang moh tua kee Hongkies.

The int’l press meanwhile have been highlighting that the local tycoons had been assuring Beijing that all was well: focusing on the big picture economic numbers and gliding over or misrepresenting awkward data like the declining affordability of housing*. They also reported that Beijing officials were privately grumbling about being misled by local tycoons.

So it was interesting that when the Economist and the NYT recently interviewed Ren Zhengfei, Huawei’s founder,  : he said he thinks that Honkie tycoons were “too greedy”:

Asked about the unrest in Hong Kong, the Huawei boss voices aloud a criticism that other members of the mainland elite normally voice in private: that the tycoons who dominate the former British colony have been too greedy over the years. “The issue in Hong Kong has been caused by extreme capitalism. The four major families have made enormous amounts of money,” he says, detailing how the same few property magnates control the economy down to its humblest newspaper kiosks and coffee shops. “A lesson we are learning from the current situation in Hong Kong is that the divide between the rich and poor shouldn’t be too large,” he says.

https://www.economist.com/china/2019/09/12/huaweis-founder-defends-deng-xiaopings-chinese-model

Morocco Mole (Secret Sqoirrel’s side-kick) says that his second cousin twice removed in the CCP Central Committee says that Xi is planning to make these tycoons make big public donations (billions of dollars) to the HK govt which will use the money to do things like build cheap (not “affordable”) public housing. Remember you read of this first here.


*Bit like grassroot leaders telling PM and his millionaire ministers that the grumblings of people like me between 2007 and the calling of GE 2011 was “juz noise” and didn’t reflect reality: voters were happy with the PAP. As PM admitted, he and his ministers realised the truth during the campaigning and he apologised: BG Yeo wants to lead Opposition within the PAP?.

 

Cynical Investor

Cynical Investor blogs at Thoughts of a Cynical Investor

 

 

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27 Responses to “Who Beijing really blames for the protests and riots”

  • Bad Boy:

    China dont anyhow blame.

    Isn’t mainland China’s property market the same thing as HK except maybe more spacious. The prcs want to buy houses also not easy. The wealth gap also wide. Some more china buildings anytime can collaspe. Recent months a few cases even from more prominent 萬科, 恒大, 碧貴園, ….!

    Lets not forget last time when Mr Tung Chee Hwa try to build more housing, the property market drop if not crash and then the hongkies also not happy. Tung kena f. Really difficult to be a good person.

    Next those PRCs s and PRCs strike it rich also flock into HK to buy properties if not snap up properties, jacking up the property prices even further. How come Xi never block last time and now never “fxxk” these greedy prcs from mainland.

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  • half past 6 analysis:

    what a stupid piece of BS.

    such demean the good name of TRE.

    is this the work of pap PA paid IB?

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  • Harder Truths:

    Hong Kong is China. It is Chinese by ethnicity and descent.
    There is no question to whom it belongs or which country protects it.
    No matter what.

    $G is a migrant colony made up of backstabbers from all over the world.
    When the time comes for it to disappear no one here or elsewhere in the world will give a sh*t.

    Who in the world worries about an island so-built up with foreigners, full of rats and cockroaches and home to TB, Zika and any disease that can spread instantly?

    Who is worried about Jurong, Tampines or Tuas becoming independent? Or will the US protect Sentosa Resorts from China Takeover?

    Get real.

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  • Rabble-rouser:

    Ha-ha-ha-ha! Full of silly unsubstantiated contradictions inside this CI article!

    It was the combination of Chinese real estate companies’ aggressive bidding in Land Sales & Chinese buyers of high priced HK properties who had propelled the HK real estate prices to new highs!

    The HK property tycoons themselves were sitting on the sidelines unwilling to bid up HK Land prices too high. And it was mainly China-originated Wealthy buyers who bought up the high-priced HK apartments.

    Already the cause-&-effect circumstances so doubtful for CI’s woeful analysis! Not to say the least about CIA, M16, etc being involved in this HK situation of China’s own making!

    Even in S’pore, it was the aggressive bidding of Mainland Chinese real estate developers who captured the Govt Land Sales offered by SLA triggered by firm interest.

    Then in 2017 to mid-2018, it was the Chinese developers again who snapped up the early EnBloc tenders especially those HUDC estates. They forced local big developers to come into the EnBloc market much later in the EnBloc cycle re: Pearlbank Apartments (CapitaLand) & Amber Gardens (City Development). This lead to further Cooling measures being imposed by the S’pore govt which killed the EnBloc fever.

    In nearby JB, China’s Country Gardens were building the Highly Ambitious Forest City project which was marketed to their own Chinese market. Local M’sians can’t even afford their asking prices.

    In Dunga Bay, an earlier Country Garden completed project still looks not fully occupied. The M’sians I spoke with says, they can’t afford it!

    CI’s articles even more preposterous than “Gold Chain” Tan’s silly mundane understanding & his simplistic ranting over cryptocurrencies & blockchain technology! They really make a useful pair of hairy “rambutans” making TRE commenters to chuckle & laugh. LOL!

    Cynical Investor: They also reported that Beijing officials were privately grumbling about being misled by local tycoons.

    So it was interesting that when the Economist and the NYT recently interviewed Ren Zhengfei, Huawei’s founder,  : he said he thinks that Honkie tycoons were “too greedy”:

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  • UniQ:

    Actually, I’ll rather look at the amount of debts the Chinese top tier developers are facing currently. Combined, they have to pay a total of about USD 800M in interest per annum !! Taking away one’s riches to give to someone else more deserving while splitting abit to the poor is always the Chinese way of politics.

    Therefore, I always believe in the debts which has never failed me towards a bigger picture.

    Look at Sinkiland. The largest debts to the people is the CPF. Look at how many policies are being thrown in to dilute this debts !!

    - Min Sum
    - Elder Care
    - Elder Shield
    - Medi Shield / +
    - HDB Price
    - HDB Loan Arrears

    Always remember, a fair system split will see a proportionate growth of the population, and not the selected few, which gotten their riches from the guts and bellies of the poor.

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  • oxygen:

    POLITICAL ELITES (read liars, thieves, divine benevolent do-good preachers) and NATURAL ARISTOCRATS (read robber barons) sharing same bed and same dreams (unusually of uncanny coincidence if of natural occurrence instead of collusion) ARE ALL TRIADS OF ECONOMIC VANDALISM.

    PIGGY LAM, STOOGES AND THEIR ENTOURAGE OF TRIAD STREET THUGS OF ENFORCERS of their own thugs law baton whacked & tear gassing dissenting students, protesting, journalists and now even foreigners.

    and now?

    Even accountants, pilots, lawyers and even bankers from the financial centre heart and millions of Hongkongers join the party.

    A minority few of disillusion, disgruntled and nothing more to lose kids RESORTED TO RETALIATION OF SOCIAL VANDALISM, LEADERLESS NOW.

    WHAT FUTURE IS THERE SLAVING UNDER A FCUKING DICTATORSHIP OF COLLUDING CORRUPT INTERESTS even a once prospering Hong Kong?

    IT IS A VERY BIG MISTAKE TO PERSECUTE JOSHUA WONG, ANDY CHOW AND NATHAN LAW (read BRILLIANT MINDS) and still is.

    UMBRELLA REVOLUTION IS RIGHT AND NEVER DEAD DESPITE RUTHLESS OPPRESSION AND PERSECUTION FROM “NATURAL ARISTOCRATS”.

    Either they save HK or it sink into self-destruction. China needs HK as much as HK needs China. The world won’t do business with thugs china without HK’s rule of commercial law (its other laws are ALL-THUGS INVENTED AND ENFORCED)!!

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  • cut and paste is plagiarism:

    trying to BS with exciting sounding title but content is a sore disappointment.

    either all cut and paste or useless pretentious second hand information masquerading as sound analysis.

    once a pap always a pap IB, the worst human piece of shit, a pity to the papa and mama who held high hopes when the piece of shit came out.

    a sore disappointment to one and all. truly a piece of shit.

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  • Be Discerning:

    Let us not let Chinese Communist Party (CCP) obfuscate the issue.

    The CCP and the puppet administration has been trying to legitimize the brutal crackdowns and suppression by lying about foreign influence and HKer’s seeking independence, spreading misinformation through the world media they infiltrated or controlled. The regime uses propaganda to create conflicts and distrust among Chinese citizens and HKers, at same time seeking an excuse for eventual forceful takeover of HK.

    There is a history of events, prominently the umbrella movement where against promise, a puppet administration was installed by Beijing, the unlawful arrest of businessmen and the abductions of booksellers, that let to the total lost of confidence in the CCP and the massive protest of over 2 Million Hong Kongers. The current police selective or unlawful arrests already attest to the danger of brainwashing, violence, lawlessness of CCP and puppet regime, that the fear of HKers is real and justified.

    The five main demands have of the protesters are, none of which is about independence but rather urging China to keep its promises on HK:
    - withdraw the extradition bill,
    - for leader Carrie Lam to step down,
    - an inquiry into police brutality,
    - for those who have been arrested to be released, and
    - greater democratic freedoms.

    When HK was handled back to China, China pledged that HK will maintain a de-facto constitution, known as the Hong Kong Basic Law. It guarantees freedoms that are unavailable to Chinese mainlanders, such as the right to protest, the right to a free press and freedom of speech. As China becomes powerful, the CCP openly renegaded their promises on HK. The series of world events have shown that China’s rise is a global threat, as it is not capable of being a trustworthy keeper of world peace and balance of power. The evil of greedy communist power must be stopped.

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  • The real property issues:

    According to my PRC colleagues the China government follow the HK property system that causes property prices in 1st tier cities to skyrocket. You are now paying CNY100,000 per sqm in downtown shenzhen while the more luxury ones cost more than CNY150,000 per sqm. The shenzhen government is not looking at Singapore HBD system.

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  • Cannot Be Trusted:

    China has already been kidnapped by greedy kleptocrats, using their power to amass wealth, bullying and asserting influence on the many smaller nations. This country does not believe in rule of law but rule by law, it’s own unjust and corrupt laws.

    One just have to google and search the internet, will find plenty of discussions and news on China’s attempt influence on politics of other countries, infiltration into key world organizations to exert influence, suppression of critics, treatment of dissidents, state sponsored IP theft, unfair trade practices, organ harvesting on its own citizens, persecution of falungong, xinjiang cultural genocide, just to name a few.

    These covert operations and hideous crimes do not build trust or allay fears and are unbecoming of a country that aspires to be a great global power and keeping of world peace and balance of power.

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  • oxygen:

    IF THESE THREE FACES DOES NOT OR FAILED to save HK, it is gone.

    Hong Kong activists Joshua Wong, Agnes Chow hit with protest-related charges after citywide raids

    https://www.straitstimes.com/asia/east-asia/hong-kong-activist-joshua-wong-arrested

    Political thuggery is still at it trying desperate to crush them.

    Li Kah Shing won’t be able to save JW, AC or NL or HK with is catcall for. little motherly “mercy”

    Hong Kong’s richest man Li Ka Shing tells city’s leaders to ‘have mercy’ in dealing with protests

    https://www.straitstimes.com/asia/east-asia/hong-kongs-richest-man-li-ka-shing-tells-citys-leaders-to-have-mercy

    ECONOMIC VANDALISM AND ITS ENTOURAGE OF POLITICAL THUGS IN TOW from Beijing to the inner sanctum of PIGGY LAM and its pitbull terriers protection cover won’t have a bar in it. These are accomplices of ECONOMIC VANDALISM.

    A nation or society depleted of its decaying middle-class will find growing resentment even among white collars professionals – in HK, it is accountants, lawyers, pilots, journalists, bankers.

    Why?

    The peasants are dying and prostitutes are long dead!! The economic highways started and ended like this

    POVERTY > WEALTH CREATION > WEALTH EXTRACTION > POVERTY AND HOPELESSNESS.

    Li Kah Shing understands it better, he started off in UTTER POVERTY STRUGGLE.

    Piggy Lam and the NATURAL (actually unnatural) ARISTOCRATS in Beijing started of FROM WEALTH EXTRACTION AND ECONOMIC VANDALISM – THEY ARE DETERMINED TO PRESERVE THE STABILITY OF STATUS QUO.

    It is perfectly understandable they speaks the “language of law” i.e. their thugs law and dislike being asked in the foreign media of IMPOLITE BUT NECESSARY QUESTIONS.

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  • Tell it to heartless Cronies:

    Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.

    - John Maynard Keynes

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  • PAP.GUARANTEE.WIN.GE2019/20:

    The same goes for Opposition Singaporeans who are even more greedy..

    These group of opposition Singaporeans want higher wages for themselves only but do not want PAP to get high wages.

    They want PAP to work for nothing …

    又要马儿跑又不给马儿吃青草。
    (want the horse to run faster but do not want to give food to the horse)

    These group of Opposition Singaporeans must look into the mirror and ask themselves if they are mediocre and deserve high wages…after all $500,000 is mediocre.

    PAP.GUARANTEE.WIN.GE2019/20

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  • GoDie:

    Every city of concrete needs to build a war chest(always at war)a can be no exception. You are thus at the mercy of the rich. You screw with the rich, the rich will screw you back. Singapore understands that very well. China emperor wants to be a hero?
    Hero warlord destiny is the grave. All of you share the same destiny. Better to die who reigns dishonorably. And all your oppositions are useless idiots and waste of time.
    Your city was responsible for exporting crap ideology or rich ideas into China and HK. They will magnify your city nonsense a thousand times since they are one of the biggest monstrous econony in the world.

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  • rukidding:

    Actually, to be honest,….sillypore faced the same issue.

    The rich ( gained from earlier days) have “gang up” with those Pimps and prostitutes ( P.ap.) to “paint’ the story of how locals refused to accept jobs offered to them….actually all is just a “disguise”.

    All these “tycoons” wanted were “cheap labor” and “slaves” who can accept cheap pay and never “run away” even after being “abused and used”.

    As for those Pimps and prostitutes….they know they were “loose favouritism” sooner or later ,…because “they” continue to “use your money” and “refused to pay you back” and yet “richly reward ed themselves”.

    If these Pimps and prostitutes don’t let “new fools” to come in and become their next “new sillyzeans”…..how could they “hold on to their power” for so long ????

    So,…together with those “greedy tycoons”…they all “ganged up” and “screwed” those who are “awaken” and “screwed” those who are now getting old and are “asking for their money back”.

    “They” ( both greedy tycoons and the pimps and prostitutes) didn’t really care for those “past sillyzeans”….fat hope that they will ever care !

    Well,…the next BIG ERECTION is coming…so will we be able to CHANGE the situation ???

    I don’t think so….but I think,…we may be the next “Hong Kong copy cat”.

    That is,…until we have found back our “balls” !

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  • Great Asia:

    The Great Asia has been saying: In Hong Kong, the politicians and property tycoons are sleeping in the same bed; in Singapore, politicians and rich towkays are also making love. The can pump up the property prices to grow the GDP, but make sure that the employers are able to pay high salaries and wages for their Singaporean employees to buy expensive properties to live in.

    All economies that have been using property industry to pump economy will implode eventually. Hong Kong is a big wake up call for the slumbering PAP fat cats; especially, that 呆/idiotic PM son of LKY.

    Ha ha ha!

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  • TruBlu:

    Still talking cock,CI?

    Anyway,China merely re-possess HK which was acceded to the Angmohs.
    Now,Hongkees want to take back their way of life;i see nothing wrong with that.
    HK has been living a laizez faire life-style n if Panda breaks its promise of 2 Systems as propsed by Deng Xiao-ping, i think Hongkees are not wrong to reclaim their rights with or without support from outside.

    In Sg case,things are different.
    Even angmohs think that the PAPies are doing right just becos PAPies openly lend support to TOO BIG TO FAIL ANGMOH BANKS N AILING COMPANIES with our MONEY which the PAPies say cannot be used to help sgs in need???

    In any case,our YOUNG EDUCATED ARE NOT AS SOCIALLY MINDED AS THEIR HK COUNTERPARTS?.OUR YOUNG SGS think its alright for them to suck lollies as long as older sgs dont burden them to more taxes in future???

    Our young educated have a lot to learn.
    Guess when you are addictrd to sucking FREE lollies,you will not grow up???

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  • oxygen:

    @ PAP.GUARANTEE.WIN.GE2019/20:

    OI OI OI, RUBBER-TAPPER aka durian picker from Bohleh-land. No need to change your moniker to hide the same identity. Go back to rubber-tapping (10 sen per cup of latex!) or durian picking (20 sens per durian!!) is more lucrative than Sg.50c per post per day).

    Your usual facile fart of fiction below convince no one.

    PAP.GUARANTEE.WIN.GE2019/20: The same goes for Opposition Singaporeans who are even more greedy..

    These group of opposition Singaporeans want higher wages for themselves only but do not want PAP to get high wages.

    They want PAP to work for nothing …

    又要马儿跑又不给马儿吃青草。
    (want the horse to run faster but do not want to give food to the horse)

    These group of Opposition Singaporeans must look into the mirror and ask themselves if they are mediocre and deserve high wages…after all $500,000 is mediocre.

    PAP.GUARANTEE.WIN.GE2019/20

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  • oxygen:

    @ GoDie

    THINK YOU GOT THIS ONE WRONG – Chinese wisdom saying has it that the lucky ones die on the bed they usually sleep on. Most do. The unlucky ones die in traffic accidents on travel vacations, fights and battlefields, in hospitals or anonymously in hotels in shame of their lives greed and failures.

    GoDie: Hero warlord destiny is the grave. All of you share the same destiny. Better to die who reigns dishonorably. And all your oppositions are useless idiots and waste of time.

    Bo Xilai, Chiang Ching, Lin Piao, Empress Dowager are history illumination.

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  • oxygen:

    @The real property issue

    Zhenzhen cannot replicate HK’ sophistication as a financial centre and its corporate law for another 50 years if any.

    In the meantime, China starves for 50 years?

    Property has to tie to economy and affordability. IT IS NOT FREE GOODS.

    ALL PROPERTY BUBBLE BURST, INEVITABLY. The global sub-prime real estate bust of 2008 proves that.

    The real property issues: According to my PRC colleagues the China government follow the HK property system that causes property prices in 1st tier cities to skyrocket. You are now paying CNY100,000 per sqm in downtown shenzhen while the more luxury ones cost more than CNY150,000 per sqm. The shenzhen government is not looking at Singapore HBD system.

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  • The Old Man's Playbook:

    PAP.GUARANTEE.WIN.GE2019/20:
    The same goes for Opposition Singaporeans who are even more greedy..

    These group of opposition Singaporeans want higher wages for themselves only but do not want PAP to get high wages.

    They want PAP to work for nothing …

    又要马儿跑又不给马儿吃青草。
    (want the horse to run faster but do not want to give food to the horse)

    These group of Opposition Singaporeans must look into the mirror and ask themselves if they are mediocre and deserve high wages…after all $500,000 is mediocre.

    PAP.GUARANTEE.WIN.GE2019/20

    China is using pig’s playbook on a bigger scale.
    Just like pigs, China is a kleptocracy where the few plundered the wealth from poor citizens and country through a dictatorship in a capitalist suit without the checks.

    Just look at what they learn from each other, self entitled princelings, propagate extreme greed above lives, obfuscate party politics with country identity, misinformation, keep serfs dumb, grassroots propaganda that old man boasted, media control and censorship, autocratic rule that clamps down on any dissent, crony businesses, state driven monopoly, setting a global vassal like CNA to hoodwink, pitting citizens, aliens against one another divide to rule, rule by familee law, brainwashing from young through selective education and news, government agencies to serve regime, private police and judges, selective enforcement… all hallmarks of a greedy evil regime.
    Is is no wonder pigs stoodup and sounded out for each other on global stage.

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  • oxygen:

    @ The real property issues

    IT IS VERY VERY DIFFICULT TO SUSTAIN PROPERTY VALUES forward once income growth slows down (as inflation inevitably eats into purchasing power) or turned negative.

    Why?

    Because falling affordability eats up demand from would-be shrinking pool of buyers matched by a rising pool of even desperate trapped sellers.

    CHINA IS HEADING THAT WAY TOO, at least according to its Premier Li KeQiang.

    My take is HK property bubble has burst, Shenzhen is next.

    Li KeQiang : it is “very difficult” for China’s economy to grow at a rate of 6% or more because of the high base from which it was starting and the complicated international backdrop.

    The world’s No.2 economy faced “certain downward pressure” due to slowing global growth as well as the rise of protectionism and unilateralism

    It’s ‘very difficult’ for China’s economy to maintain 6% growth, says Premier Li Keqiang

    https://www.cnbc.com/2019/09/16/china-economy-difficult-to-maintain-6percent-growth-says-pm-li-keqiang.html

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  • The Predicament:

    A bigger sillypore will be like chinapore.
    Change before it’s too late.

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  • Please dont kpkb:

    Sg dont kpkb.
    Learn from China. Eat it up

    曹德旺在接受采访时表示,高效率和高福利不可以平衡的,自己不接受工会。

    Huawei canteen food lousy also muz eat it. Our SAF should consider reverting the present nice pleasant cookhouse foods to our past 70s 80s low standard ( see already also no mood foods

    China no pork to eat. So sg also muz accept no durians to eat.

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  • Middle Class matter:

    We should avoid the hollowing of the middle class.
    The middle class sustain the economy.
    Do more before it is too late. Reduce the great divide in Society.

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  • Bbc:

    There are HK people protest because social problems like housing, salaries, upward mobility,.. There are also HK people protesting for independence, universal suffrage,..the tycoons control much of housing prices and land ownerships, biggest companies,.. So you could see the major players like the tycoons who have great muscles and represented also by powerful politicians in HK gov’t, honest politicians who fight for solutions to social problems,elements who want to push for HK independence and these people no doubt are backed openly by NED, an overt unit of CIA, by Western media and politicians. China so far keep to 1 country 2 systems agreement it however indicates that China would not be allowed to be uncontrollable mess.

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  • oxygen:

    @ Bbc

    BY WHOSE LAW DEFINITION is your assertion of 1 country 2 systems?

    Bbc: China so far keep to 1 country 2 systems agreement it however indicates that China would not be allowed to be uncontrollable mess.

    By Chinese law definition, if there is one on this subject-matter non-existing inside China, I am uncertain.

    By HK British law definition, its application requires UNIVERSAL SUFFRAGE IN HK which China refused to acquiesce.

    PLEASE EXPLAIN.

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