The impact of on-going Hong Kong protests is hurting the Chinese economy and society

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President Xi Jinping on Friday met with delegates to the first Party congress of the People’s Liberation Army (PLA) Joint Logistic Support Force and senior officers stationed in central China’s Hubei Province when the 7th Military World Games is opened there.

According to Xinhua, Xi underlined that the Chinese military seeks to take this Games as an opportunity to promote innovative development of military cooperation, enhance exchanges with foreign militaries, broaden practical cooperation in all fields and fulfill its international obligations.

“China would like to join hands with foreign militaries to tackle the common security threats and challenges and make greater contribution to safeguarding world peace and building a community of shared future for humanity,” Xi said.

While China’s economy grew at a slower pace than expected in the third quarter and is the worst since 1992 as it struggled with a US-led trade war and softer domestic demand, the President who is preparing for the CCP’s Fourth Plenary Session truly finds nothing much to celebrate.

China’s state media continues with its propaganda to tell that the economy stays resilient amid mounting downward pressure. But its fabricated figures won’t assure anyone when people are returning to the era of rice coupons in some parts of the country.

When NBS spokesperson Mao Shengyong at a press conference acknowledged that the country faces downward pressure amid slower global economic growth and more external uncertainties, it tells the situation could be very serious.

The “soybean” trade talks with the US have once again ended up in a joke with Beijing not able to live up with its purchase promises. On Friday White House trade adviser Peter Navarro said with Fox News that a “phase one” trade deal with China can happen during next month’s Asia-Pacific Economic Cooperation (APEC) forum in Chile. Few people would have a positive look at the possibility of a deal.

“We are on the guiding path to Chile and the meeting of the two presidents in mid-November,” Navarro told FOX Business’ Maria Bartiromo. “The plan there, is to have an agreement.”

Donald Trump, Xi Jinping and other world leaders are expected to take part in the APEC Forum that will be held in Santiago, Chile from November 11 to 17.

Of all the important news about China, the focus is still in Hong Kong.

After 20 consecutive weeks of chaos and division, the Hong Kong pro-Democracy movement looks set to self-destruct, marred by senseless violence and bizarre tactics.

A man handing out leaflets for pro-democracy was attacked by a knife-wielding assailant who slashed his neck and abdomen on Saturday.

The injured 19-year-old, wearing black clothes and a black face mask, was knifed near one of the large “Lennon Walls” that have sprung up around the city during months of demonstrations, police said.

On Wednesday Jimmy Sham, a leading face of Hong Kong’s pro-democracy movement, was taken to hospital covered in blood after being attacked with hammers by unidentified thugs.

As the violence has escalated, hardcore pro-democracy protesters have also begun meting out their own street justice, beating people who vocally disagree with their goals or are viewed to be government loyalists.

In support of the Hong Kong protests, more NBA fans have stood up to join the anti-CCP display.

Yesterday, demonstrators gathered during a US basketball game in New York between the Brooklyn Nets and the Toronto Raptors. The move was organised by film producer Andrew Duncan, who bought 300 tickets for the activists. Many people held signs and donned T-shirts and masks emblazoned with “Stand With Hong Kong” and “Free Tibet”.

When China has become a key engine of growth in recent decades, continuing protests in Hong Kong will further weaken the the strength of the Chinese economy whose slowing growth can have far-reaching consequences for the global economy.

Analysts worry that a sharp slowdown in China and more turmoil in the Chinese society could hurt an already sluggish world economy and increase the risk of a recession.

By Winnie Troppie

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