Serious Black Asian Swans of 2017

[AsiaDK]

1. Singapore establishes diplomatic ties with Taiwan in retaliation over Terrex confiscation. President Donald Trump followed suit.

2. China followed India's footstep and demonetizes, replaces current RMB 100 notes to inject liquidity into banking system.

3. China crashed with US 3rd/7th Fleet vessels in Pacific or South China Sea.

4. Replay of 1997 Asian Economic Crisis due to soaring interest rates.

5. Capital Flight due to massive repatriation to US due to Trumponomic tax amnesty for offshore funds.

 

[Zobolan]

Life still goes on. Must send kids to school. And go obice to work.

 

[AsiaDK]

Singapore hits back - http://www.straitstimes.com/opinion/holding-on-to-spore-armoured-vehicles-hurts-chinas-interests


If China does not want the incident to hurt its relationship with Singapore, all it needs to do is to get the Hong Kong government to release the armoured vehicles based on NPCSC's interpretation of the Basic Law in 2011. Doing so can also be seen as China exercising its sovereignty over Hong Kong, which in fact is also face-saving for China without hurting Singapore-China relations and Hong Kong's status as a free port.

However, if China continues to get Hong Kong to hold these armoured vehicles, not only will it hurt Hong Kong's status as a free port and in turn China's economic interests, but the NPCSC's effectiveness in interpreting the Basic Law will also be called into question.

Since the NPCSC has stated in its interpretation that Hong Kong should exercise absolute sovereign immunity, how effective and logical is NPCSC's interpretation of the Basic Law if China insists on detaining the armoured vehicles?