An ill wind..
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..blows the world no good. Xi is solidifying his power.
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CNN’s reporting on anti-Xi protests:
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Hong Kong stock market plunges in the midst of ill wind:
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This is a time when Putin wants to be Czar and Xi wants to be Emperor. Not a time to appease foreign autocrats, much less to tolerate any domestic wannabe.
@Axtremus said in An ill wind..:
This is a time when Putin wants to be Czar and Xi wants to be Emperor. Not a time to appease foreign autocrats, much less to tolerate any domestic wannabe.
We have the makings of another world war stirring. Hopefully the less autocratic world will hang together and tough.
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Chinese Internet stocks plunge:
https://www.barrons.com/articles/alibaba-tencent-baidu-china-stock-price-hang-seng-index-51666604482
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https://www.barrons.com/articles/las-vegas-sands-stock-wynn-macau-xi-51666625051
Shares of lodging and gaming companies Las Vegas Sands, Wynn Resorts, and Melco Resorts & Entertainment tumbled Monday as investors reacted to the consolidation of power by Chinese President Xi Jinping.
…Sands and Wynn derive a significant portion of their revenues from Macau, Melco operates primarily in Macau. Zero-COVID policy has not been conducive to the casino business.
