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k1976

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Markets

Global Stock Managers on Guard as China Pain Set to Spread​

  • Miners, luxury, industrials seen vulnerable to China slowdown
  • Money managers seek to hedge China risks as slump deepens

Gift this article
By John Cheng and Henry Ren
August 19, 2023 at 8:00 AM GMT+8
Global stock managers are bracing for pain as China’s dramatic slowdown undermines the prospects for companies elsewhere that rely on the world’s second-largest economy.


Once the most promising bet of the year, investments linked to China have turned into a bane as its property market slump risks spiraling into a systemic crisis.


While the selloff so far has been concentrated in Chinese shares, pressure is rising for stocks in Europe, the US and other parts of Asia, whose businesses are swayed by demand in China.
 

k1976

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China’s Hidden Financial Dangers Erupt With Shadow Bank Crisis​

  • Missed trust payments spark protests, forces restructuring
  • Trust woes adds to weak economy, deepening housing slump

Bloomberg News
August 18, 2023 at 12:07 PM GMT+8

Only a week ago, Zhongzhi Enterprise Group Co. attracted little notice within China and was almost unheard of everywhere else.

Now, the secretive shadow banking giant has become the latest symbol of financial fragility in an $18 trillion economy where confidence among investors, businesses and consumers is rapidly dwindling.
https://www.bloomberg.com/tips/
 

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Fuckeins are actually the chicons bitch

Who are the men in white behind Hong Kong's mob attack?
Who are the men in white behind Hong Kong’s mob attack?
In this Sunday, July 21, 2019, photo, two men in black shirts cover their heads as they bleed after being attacked by thugs in white shirts at a subway station in New Territory in Hong Kong. Hong Kong is reeling after a large gang of men in white shirts brutally beat dozens of people inside a train station in a shocking new twist to the city's summer of protest. Six men have been detained, some with gang links, police said, without elaborating. The sudden attack, which came as a massive protest was winding down Sunday night, has spurred speculation about the men's backgrounds, motivations and possible political ties. (Apple Daily via AP)
1 of 6 |
In this Sunday, July 21, 2019, photo, two men in black shirts cover their heads as they bleed after being attacked by thugs in white shirts at a subway station in New Territory in Hong Kong. Hong Kong is reeling after a large gang of men in white shirts brutally beat dozens of people inside a train station in a shocking new twist to the city’s summer of protest. Six men have been detained, some with gang links, police said, without elaborating. The sudden attack, which came as a massive protest was winding down Sunday night, has spurred speculation about the men’s backgrounds, motivations and possible political ties. (Apple Daily via AP)

Read MoreIn this Sunday, July 21, 2019, photo, men in white shirts armed with metal rods and wooden poles attack commuters at a subway station in New Territory in Hong Kong. Hong Kong is reeling after a large gang of men in white shirts brutally beat dozens of people inside a train station in a shocking new twist to the city’s summer of protest. (Apple Daily via AP)
2 of 6 |
In this Sunday, July 21, 2019, photo, men in white shirts armed with metal rods and wooden poles attack commuters at a subway station in New Territory in Hong Kong. Hong Kong is reeling after a large gang of men in white shirts brutally beat dozens of people inside a train station in a shocking new twist to the city’s summer of protest. (Apple Daily via AP)

In this Sunday, July 21, 2019, photo, men in white shirts armed with metal rods and wooden poles attack commuters at a subway station in New Territory in Hong Kong. Hong Kong is reeling after a large gang of men in white shirts brutally beat dozens of people inside a train station in a shocking new twist to the city’s summer of protest.(Apple Daily via AP)
3 of 6 |
In this Sunday, July 21, 2019, photo, men in white shirts armed with metal rods and wooden poles attack commuters at a subway station in New Territory in Hong Kong. Hong Kong is reeling after a large gang of men in white shirts brutally beat dozens of people inside a train station in a shocking new twist to the city’s summer of protest.(Apple Daily via AP)

In this Monday, July 22, 2019, photo, a suspect is escorted by Hong Kong policemen in relation to a Sunday mob attack at a subway station in Hong Kong. Hong Kong is reeling after a large gang of men in white shirts brutally beat dozens of people inside a train station in a shocking new twist to the city's summer of protest. Six men have been detained, some with gang links, police said, without elaborating. The sudden attack, which came as a massive protest was winding down Sunday night, has spurred speculation about the men's backgrounds, motivations and possible political ties. (AP Photo)
4 of 6 |
In this Monday, July 22, 2019, photo, a suspect is escorted by Hong Kong policemen in relation to a Sunday mob attack at a subway station in Hong Kong. Hong Kong is reeling after a large gang of men in white shirts brutally beat dozens of people inside a train station in a shocking new twist to the city’s summer of protest. Six men have been detained, some with gang links, police said, without elaborating. The sudden attack, which came as a massive protest was winding down Sunday night, has spurred speculation about the men’s backgrounds, motivations and possible political ties. (AP Photo)

In this July 21, 2019 image made from video footage run by The Stand News via AP Video, white shirted men attacked a man dressed in black shirt at a subway station in Hong Kong. Hong Kong is reeling after a large gang of men in white shirts brutally beat dozens of people inside a train station in a shocking new twist to the city’s summer of protest.(The Stand News via AP Video)
5 of 6 |
In this July 21, 2019 image made from video footage run by The Stand News via AP Video, white shirted men attacked a man dressed in black shirt at a subway station in Hong Kong. Hong Kong is reeling after a large gang of men in white shirts brutally beat dozens of people inside a train station in a shocking new twist to the city’s summer of protest.(The Stand News via AP Video)

In this image taken from a July 21, 2019 video footage run by The Stand News via AP Video, white shirted men attacked a man dressed in black shirt at a subway station in Hong Kong. Hong Kong is reeling after a large gang of men in white shirts brutally beat dozens of people inside a train station in a shocking new twist to the city’s summer of protest.(The Stand News via AP Video)
6 of 6 |
In this image taken from a July 21, 2019 video footage run by The Stand News via AP Video, white shirted men attacked a man dressed in black shirt at a subway station in Hong Kong. Hong Kong is reeling after a large gang of men in white shirts brutally beat dozens of people inside a train station in a shocking new twist to the city’s summer of protest.(The Stand News via AP Video)

By YANAN WANG
Published 7:10 PM GMT+8, July 24, 2019
Share
Hong Kong is reeling after a large gang of men in white shirts brutally beat dozens of people inside a train station in a shocking new twist to the city’s summer of protest.

Six men have been detained, some with gang links, police said, without elaborating. The sudden attack, which came as a massive protest was winding down Sunday night, has spurred speculation about the men’s backgrounds, motivations and possible political ties.

What is known so far:

___
WHAT HAPPENED?
Some of the attackers wore face masks, while others did not. All were clad in white, in contrast to the protesters’ black, and armed with wooden poles and steel rods — weapons that they seemed to swing indiscriminately at residents making their way home at the end of a long day.

Other news
Atlanta Braves starting pitcher Spencer Strider throws to a San Francisco Giants batter during the first inning of a baseball game Friday, Aug. 18, 2023, in Atlanta. (AP Photo/Hakim Wright Sr.)
 
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