The unspoken US policy objective behind the arrest of Huawei CFO Meng Wanzhou on trumped up charges, consists in breaking China's technological lead in wireless telecommunications. What is at stake is a coordinated US intelligence initiative to ban China from playing a strategic role in the 5G global mobile phone network.
China’s exit in October 1949, from the sphere of US control, was perhaps the heaviest blow to strike American post-World War II global hegemony. China’s successful drive for independence had been anticipated in Washington for many months.
Hundreds of young Chinese, in front of the British Consulate in Hong Kong, sing God Save the Queen and shout “Great Britain Saves Hong Kong”, a rally call in London by 130 parliamentarians demand that British citizenship be given to residents of the former colony.
The surprise collapse of a small Inner-Mongolia Chinese bank, Baoshang, has suddenly focused attention on the fragility of the world’s largest and largely opaque banking system. The timing is very bad, as China struggles with a sharp domestic economic slowdown.
