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Tag Archives: Hong Kong

Walt Disney and the Chinese State

According to the Wall Street Journal, the Chinese government has censored one episode of “The Simpsons” from Walt Disney’s streaming service in Hong Kong or, we don’t know, it may be the company itself that self-censored (Dan Strumpf, “Disney’s Missing ‘Simpsons’ Episode in Hong Kong Raises Censorship Fears,” November 29, 2021): Yet one episode is missing from “The Simpsons” lineup: Titled “Goo Goo Gai Pan,” the episode from season 16 centers on a trip to China by the...

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Democracy and government spending

It is sometimes claimed that governments overspend due to pressure from the public. That may or may not be true, but in Hong Kong the reverse seems to be happening.  As it becomes less democratic, spending is rising: Hong Kong’s renowned fiscal reserves are at risk after the city’s opposition-free legislature approved record public expenditure over the past year, analysts have warned. . . . Following Beijing’s overhaul of the electoral system that barred “unpatriotic”...

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Making China Great Again

It is not totally impossible that, despite diminishing economic freedom and near-zero free speech, the Chinese economy will continue to grow at high rates. That these rates will reflect genuine economic growth, that is, increased production that responds to consumers’ demand. That some other way than free markets will be discovered to express consumers’ demand. That industrial policy will coerce businesses into efficiently satisfying consumers’ demand. That the...

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Should Hateful Speech Be Banned?

Hate is not productive in the context of rational discussions. It is collectivist when it fabricates collective sins. And it is downright bigot in many social interactions. Yet, it is not always and everywhere useless. Hating slavery or other forms of tyranny, for example, would seem commendable in any libertarian ethics. Being an expression of human emotions, art cannot blacklist hate—except with the threat of force and especially state force. The Hong Kong...

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Capitalists of the world unite!

This has to be a first: Now Hong Kong’s pro-democracy supporters are wielding a new protest weapon: their stock-market trading accounts. To show support for Jimmy Lai, the publisher who was arrested Monday under the city’s new national security law, Hong Kongers have been buying shares of his media network Next Digital Ltd. The result has been a more than 1,000% gain in two days that propelled the stock to a six-year high. I’m not sure how effective this will be, but...

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Oh, Oh! Please Pick Me! Please Pick Me!

A Pfennig For Your Thoughts June 30, 2020 * After a nothing day, dollars get bought overnight * The Fed releases the names of Corporate bonds they bought…  Good Day… and a Tom Terrific Tuesday to you! After days of marvelous weather here, we had a yucky day here with rain and clouds all day, but as I always say, we have to experience a little rain to thoroughly enjoy sunny days! Kathy’s vacation away from me, ends today… Sorry dear, all good things must come to an end! HA! Everything...

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Powell Heads To The Hill Today…

A Pfennig For Your Thoughts June 17, 2020 * Currencies couldn’t hold their Monday gains on Tuesday * Is Hong Kong really in a tight spot?  Good Day… And a Wonderful Wednesday to you! I don’t know what we did to deserve this run of beautiful weather, but I’m not complaining! And I know that all good things must come to an end, and eventually that will happen here… The mornings are so pleasant that I can sit out on our deck and drink some coffee while listening to classical music… Soon the...

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Kudos to the UK

I recently pointed to a Matt Yglesias tweet that called on the US government to punish China by allowing Hong Kong residents to migrate to the US. Alas, the US government seems to be moving in the opposite direction, restricting the migration of highly talented Chinese students. Fortunately, the UK government has better judgment: The UK has set itself on a collision course with China after broadening its offer on extended visa rights from 350,000 to almost 3m Hong...

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With No Mainland Chinese Buyers, Hong Kong’s Commercial Real Estate Dives

The most important source of inbound investment — mainland China — has vanished, with huge ramifications for CRE. By Nick Corbishley, for WOLF STREET: The Hong Kong government’s Land Office did something rather unusual. On May 13, it withdrew a major commercial plot it had put up for sale at the site of the city’s former airport at Kai Tak. The Land Office had received four bids for the plot, including from Sun Hung Kai Properties, Hong Kong’s biggest developer by value, but none of...

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A Word About Hong Kong’s Retail Sales Collapse: It’s a Mess

Sales at luxury goods stores, once the largest category, collapsed by 86% since their peak in 2013-2014. By Nick Corbishley, for WOLF STREET: As Hong Kong tourist arrivals collapsed by 96% in February, with travel essentially banned since late January and borders to mainland China blocked, and with mainland visitors down 97.8%, retail sales at brick-and-mortar stores plunged 44% compared to February last year, the 13th month in row of year-over-year decline — and the sharpest yet —...

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