Oh, Clegg

October 8, 2014

 

clegg 3

clegg1

clegg2

 

Just watched Nick Clegg’s conference speech. It isn’t bad or anything. The list of things achieved is longer than you might think. The policy prescriptions are sensible, though limited.

But where is his anger? Why not just say: ‘It isn’t easy to go to work with a smile on your face when you know that David Cameron, George Osborne and Theresa May will be there.’ Or: ‘People say that we have been lucky to get into government. Is it really lucky to be stuck in an office with those people?’

Well, with seven months to go to a national election, it is getting to Blue door, Yellow door, Red door time.

I sent them £50 and a rant about fiscal unfairness when returns on capital are taxed less heavily than work. 18% and 28% for capital gains, versus 20% and 40% for work. Why don’t more people think this is absurd?

Targeted consumer boycotts

October 8, 2014

Here is a very interesting article from Foreign Policy about possible future strategies in the Hong Kong protests. It is written by academic researchers of successful non-violent protest movements around the world.

Following my FT oped, the idea of targeted consumer boycotts is what jumps out…

In addition… there were lots of comments on the FT article. As with this blog, I don’t think that comments which do not add substance, or challenge substance, in what is being said are useful. But several people did say things on the FT site that seem to me interesting enough to re-post. I was struck by the comparison with Singapore. Is it possible the Harry and the PAP are more responsive on the question of social equity and competition than the Hong Kong government? I think the full answer would be more nuanced than the commenter suggests, but it is an interesting idea.

Great article.  So true.  We Chinese generally don’t take to the streets unless our bellies are empty.  Usually too busy working and making money!

Singapore has a supermarket chain run by the National Trade Union Congress, which was put in place to keep prices competitive.  Its produce is often superior to the so-called upmarket chains.  I remember as a child the beginning of this chain and how it put the lid on the supermarket chains left behind by the British.  In fact, one of those chains, Fitzpatrick ended up going out of business!

As for food, there are many hawker centres where hawker stalls are rented out at ridiculously low rents to stallholders who “inherited” these stalls from their parents or other relatives.  As a result, you get delicious food (from secret recipes passed down generation to generation) at super-low prices.  I just had a “home-cooked” type meal of rice and dishes (1 veg, 1 meat and 1 toufu) for a total of S$3, in the Central Business District.  And it gets cheaper in the “heartlands”.

At the last General Elections, the PAP lost seven seats to the opposition.  It is now implementing even more social transfers in response to popular sentiment.

I think that’s what ordinary Hongkongers want.  Someone to listen to their woes and take action.

I came across the following stats at Bloomberg to quantify the hurt inflicted on so many living in HK as a result of money and power being in the hands of so few.

Hong Kong’s Gini coefficient, a measure of income inequality, rose to 0.537 in 2011 from 0.525 in 2001, the government said last June. The score, a high for the city since records began in 1971, is above the 0.4 level used by analysts as a gauge of the potential for social unrest.

The average gross household income of the poorest 10 percent of the population fell 16 percent to HK$2,170 a month in 2011, from 10 years earlier, according to a government report. The comparable income for the richest 10 percent jumped to HK$137,480 a month, a 12 percent increase.

Not good for creating social harmony.

Studwell’s refocus on economic questions is correct, and would be very good for Hong Kong, but it would never receive the kind of universal support that the Western press has given the democracy movement. In fact, the West is proposing the opposite of Studwell’s economic fairness: to break the current Chinese social structure and open the gates for multinational business, a kind of Yeltsin years for China. Every Western journalist knows that democracy without campaign finance will lead to the election of money – i.e., the election of a tycoon or someone backed by one (CY Leung was an anti-tycoon candidate compared to Henry Tang, and look where he is now).  Studwell seems concerned with actually improving Hong Kong, but that is not what the press coverage of the democracy movement is about, otherwise they would have used real facts rather than cinderella stories. Nevertheless, the FT should be commended for printing this piece, as well as for keeping comment board open.

There is no questions that HK is run by monopolies, duopoly and oligopolies and things are more expensive than it could have been.

However, the author who learn much by looking in the back yards, especially the VAT inclusive prices here..  For example, one can run a price comparision between watsons.com.hk and boots.com, Johnson baby shampoo 500ml cost £3.35/£0.67 per 100ml at boots and cost HKD56.9/£4.60 for the 800ml version -> £0.575 per 100ml.

Toyrus HK : Nerf CS18 : HKD399.9 / £32.07,  ToysrUS UK : £39.99
HK Electricty prices : Max HKD186.4 or £0.1495 per kwh
http://www.hkelectric.com/web/DomesticServices/BillingPaymentAndElectricityTariff/TariffTable/Index_en.htm

UK Electricity prices: British gas £0.1535 per kwh.

Looks like we all have our own ‘monopolies’ problem to deal with (for us, including the one at Brussels).

It is encouraging to read an FT an article which says it like it is regarding Hong Kong and much of Asia, perhaps best summarised as ‘Winner takes all, loser hard luck’. Consider the Gini coefficients of wealth inequality and you’ll find Hong Kong and Singapore, two of the ‘wealthiest’ places on the planet with the worst ‘developed nation’ Gini coefficients, these being on a par with some of the poorest African nations. It’s long been apparent that the propertly developers, Government, ‘managed land releases and sales’ operate in a manner beneficial to the few and disenfranchising the majority. Arguments that this is a hang over from the past don’t quite stack up, as the present leaders have all the powers they need to do something about it. One has to ask why not, with the answer perhaps reducing to such tolerance of vast inequalities being an inherent part of the region’s social fabric and culture. Surprising that the majority have tolerated this for so long but then this too, fortitude in the face of injustice, even from within, is a regional trait. Perhaps, with modern dissemination of information, so that it is clearer to all as to what is going on, the majority will start to exercise their influence. Without this, nothing is likely to change.

How to make enemies and alienate people…

October 6, 2014

Here is the FT op-ed I wrote over the weekend. It just went live on their online edition.

Can’t say it is likely to get me many tycoon dinner invites, but I do think it is true:

 

 

October 6, 2014 5:14 pm

Hong Kong should focus its fight on the tycoon economy

The real target is the anti-competitive, anti-consumer economy, writes Joe Studwell
A woman holds a placard at a large pro-democracy protest in Hong Kong on October 1, 2014. Hong Kong has been plunged into the worst political crisis since its 1997 handover as pro-democracy activists take over the streets following China's refusal to grant citizens full universal suffrage. AFP PHOTO / ALEX OGLE (Photo credit should read Alex Ogle/AFP/Getty Images)©AFP

Hong Kong stepped back from the brink on Friday night, when chief executive CY Leung belatedly authorised a senior official to “hold talks” with protesters and those same protesters decided, for now, not to enter government buildings. It was a fortunate outcome. Beijing would characterise the occupation of official property as an attack on the Chinese state.

What Hong Kong needs is not a strategy that backs Xi Jinping, the Chinese president, into a corner, but one that resonates with his own mindset. This is why the protesters should refocus on Hong Kong’s tycoon economy, and the anti-competitive, anti-consumer arrangements that define it. You may think,like the Heritage Foundation, that Hong Kong is a free market. However, except for external trade, it is not. Instead it is what one of the richest men in the city once described to me as “a nice bowl of fish soup”. That soup is fed to the few, making ordinary people poorer, stoking resentment, and indirectly contributing to acute pollution.

Cartels are everywhere in Hong Kong. Supermarkets are a duopoly, one whose pricing power allows the chains to charge higher prices for the same products in some of Hong Kong’s most deprived areas. Drug stores are a duopoly. Buses are a cartel: high-priced, mostly cash-only, running shoddy, dirty diesel vehicles with drivers who earn a pittance. Electricity is provided by two, expensive monopolies that handle everything from generation to distribution, one on Hong Kong island and the other in Kowloon. The container ports are an oligopoly, with the world’s highest handling charges. Yet they will not supply onshore electricity to vessels, which must instead run diesel generators that pollute the city air.

The biggest stitch-up remains the lousy construction standards and sky-high costs in a residential property market dominated by the “Four Families”, which in the 1990s were estimated to be selling property for between two and four times what it cost to develop.

You may think of the territory as a free market but, except for external trade, it is not

Add in the jiggery-pokery of a Boys’ Own stock market with 1970s-style governance, and a taxation system that tycoons circumvent by taking out their money through tax-free dividends, and you begin to get the picture.

Hong Kong has had a Competition Ordinance and a Competition Commission since 2012. But so far nothing has changed. In a striking contrast with mainland China, where the Communist party after 1989 first increased transfer payments to the urban poor, and then increased transfers and cut taxes for the rural poor in the 2000s, the Hong Kong government lets a colonial rentier economy carry merrily on.

Mr Xi launched his new administration with not only a brutal anti-corruption campaign, but also an anti-monopoly drive. Unfortunately he seems unaware that Hong Kong is at least as rigged as the mainland.

So here is a plan. Speak to Mr Xi in terms he understands. Refocus the protests on the cartels. I am no protester, but it is not hard to think of peaceful tactics that would be difficult for the tycoons to ignore as they sweep into their basement car parks and ascend in private elevators to their penthouse offices. Where possible, boycott the cartels.

Would this be the end for the tycoons? Not at all. In my experience they are people of extraordinary entrepreneurial acumen. Like all of us, they enjoy a capacious free lunch. But if that is taken away they will adjust and add more value to the economy by doing so.

It is time for Hong Kong to work for the majority. If the protesters make Mr Xi understand the economic problem, it becomes easier to compromise on the politics – probably with a more open nomination process in 2022. I hold, perhaps wrongly, that Beijing’s intransigence is born of ignorance, not malice.


The writer is author of ‘How Asia Works: success and failure in the world’s most dynamic region’

 

More:

This just went up from Han Donfang. Very much worth a read. The lead explains who he is if you do not know.

And here is a nice piece from The Age about CY Leung trousering US$7m during the sale of his insolvent firm. Now that is leadership.

Not anarchists, but liberalism

October 6, 2014

narrowboat upriver 2

 

A curious morning.

I was editing an FT opinion piece about Hong Kong that will go live soon when suddenly I spied a narrow-boat steaming towards the college.

As you will know the University allows only punts on its manor, so my immediate thought was that it must be hippies, hopefully anarchists, storming our citadel.

I walked down to the river bank.

‘Are you anarchists?’

Blank stares.

‘Trotsyists?’

More blank stares.

It turned out to be nothing of the sort. Instead, the university had given these people PERMISSION to bring a motorised craft upriver.

What the hell is going on? Much more of this and they will stop giving unearned MAs to undergraduates. You will be allowed to leave a formal dinner at the wife’s college to go for a piss before dessert. You won’t need a beard and a Nobel prize to walk on the grass. They’ll start calling bedders ‘cleaners’ and pay them a living wage.

Historians of the future please note: it all started with that boat. And it clipped one of our punts.


narrowboat upriver 3

narrowboard upriver 4

10 seconds of unprovoked HK police brutality

October 3, 2014

See here. HK policeman swings around a middle-aged, passive protester so he can spray pepper spray directly into his face and eyes.

Anti-protest thugs have been attacking the Occupy movement in Causeway Bay (HK island) and Mong Kok (Kowloon) today. Police not responding to/unable to cope with this. Looks like Beijing United Front / state security people up to no good. Old-fashioned Italian-style ‘Strategy of Tension’ that allows government to sell itself as the good guys riding to the rescue amid civil chaos. Except that in Italy the protesters included terrorists who were killing people. In Hong Kong it is just kids who clean up after themselves. People on the ground in Hong Kong say students so far not reacting, moving away. Student leaders have called on those in Mong Kok to leave and come to the government offices area in Admiralty where international press is concentrated and numbers are larger.

Key link:

Here is the livestream feed from HK. Not looking good UK 1330/HK 2030.

More:

This video purports to show Hong Kong police handing out blue, anti-protest ribbons to anti-protesters in a police station. Pretty appalling if true.

Hemlock is singing a similar tune to me re. the tycoons. The point he quotes from Nicholas Bequelin is brilliantly incisive.

Rubber bullets can and do kill

October 2, 2014

rubber bullets arrive

This is a picture of rubber bullets being prepared on Hong Kong island today, 2 October 2014.

It looks like protesters are ready to attempt to break into government buildings to occupy them and that police, after first using tear gas (not yet done so, but will), may be ready to shoot.

I maintain that the protesters would be better to refocus on a strategy of blockading the Tycoons’ Towers, most obviously the car parks, thereby forcing them to use the main door like everybody else when Hong Kong goes back to work. At such a point there might be an opportunity to confront KS Li, Lee Shau-kee, Robert Kuok and the rest. CY Leung won’t meet the people, so what about the tycoons? They are the ‘prefects’ of this system.

The other good target would be to stake out these guys’ homes, including on Deepwater Bay Road, the tycoon alley where many of them live. Then there is the golf club, where they play in the early morning.  But the most obvious target is the Towers.

The point is to refocus the protest on Hong Kong, the backward nature of government, the monopolies and oligopolies that lead to far higher real estate, utility, supermarket, bus fare and other costs than should be the case. This is why Hong Kong needs genuine universal suffrage.

A move on government offices will be deemed in Beijing to be an attack on the state. This may be very hard to reverse back from to a position where an accommodation can be reached, something I believe is entirely possible. Plus people are quite possibly going to get maimed or killed.

A move on the tycoons, by contrast, is something that everyone can live with. They’ll be absolutely livid, but they are big boys and can deal with it. Start with K.S. and Cheung Kong Tower. He’s the smartest of the gang. Greedy but affable and, let’s remember, the son of a teacher.

CY Leung will hold a press conference at 11.30pm tonight, Hong Kong time (very soon). More in a bit.

 

Update (midnight in Hong Kong):

CY Leung said at the presser that he has asked a senior civil servant to ‘hold talks’ with protesters.

Here is livestream that collates 4 different live TV sources in HK and contains some English notes for those of us who can’t do Cantonese. You’ll get a couple of ads before it runs.

China and the culture thing…

October 2, 2014

A major intellectual breakthrough I made in the last 10 years (one of very few) is to recognise and begin to incorporate in my thinking the dynamic nature of culture — in other words how culture both changes for reasons internal to societies and can be changed via policy intervention. I started to understand this working on Asian Godfathers, partly by spending time with ethnic Chinese, Arab, Tamil and Indian tycoons in south-east Asia, and partly because I tripped over, and then read, the extraordinary anthropological work of G. William Skinner from the 1950s*. Then I just started reading more anthropology (also known as ‘journalistic reportage for grown-ups’).

Anyhow, if you want to understand what is going on in Hong Kong and Taiwan just now, you need to fit the cultural piece of the jigsaw. As luck would have it, here is a new paper dealing with just this issue, across the three societies of mainland China, Hong Kong and Taiwan. It is free, easy to read and enlightening.

 

* The core Skinner opus:

G. William Skinner, Chinese Society in Thailand: An Analytical History (Cornell University Press, 1957)

G. William Skinner, Leadership and Power in the Chinese Community of Thailand (Cornell University Press, 1958)

G. William Skinner, ‘Creolized Chinese Societies in South-east Asia’, in Anthony Reid, ed., Sojourners and Settlers: Histories of South-east Asia and the Chinese (Allen & Unwin, 1996)

Actually Dave, you are still rubbish

October 1, 2014

This feels cruel. But I have read Cameron’s ‘greatest ever’ speech to today’s party conference, and it is not very good.

Here is a late-night attempt to parse it and to translate it into plain English (pace Boris, who I don’t much like either).

 

Cameron puffycameron on housing estatecameron hague osborne

 

 

The full text is here.

1. ‘William Hague…greatest living Yorkshireman.’ Obviously not true. I plump lazily for David Hockney. Does he vote Tory?

2. ‘I am not a complicated man.’ This is the problem, Dave.

3. ‘I believe in some simple things.’ You mean simplistic things. File under ‘Farage’.

4. ‘It’s pretty simple really.’ No it is not. See above.

5. ‘The highest employment rate of any major economy.’ Try: the lowest productivity gains of any major economy.

6. ‘£25 billion is actually just 3% of what government spends each year.’ He is talking about proposed new welfare savings. The truth: yes, but you have already backloaded the cuts you promised in this parliament into the next parliament so you would need cut at least double what you are saying. It is undoable short of civil war.

7. We have a new new policy called ‘Starter Homes’. Dave, you are already providing this subsidy. It is growth by asset inflation. It is not sustainable in the absence of productivity gains. Ask George, at least he took a 101 economics course.

8. Some stuff about ‘My 3 young kids go to prole school, we are all in it together.’ Yes, Dave, but not for long. You will move them out of the National Education System at 13 and do your bit in undermining the Big Society you claim to represent.

9. The £41,900 tax-free plus lower-rate threshold will rise to £50,000. Already dealt with in today’s earlier blog post. As I said in the update it is somewhat devious/sloppy accounting. But the main point is that it is undeliverable in combination with a rise in the tax-free rate to £12,500 and all the other stuff that you and George have promised/are promising. George has already reneged on his deficit cutting plan so many times I cannot count and is now running the original Alastair Darling plan. It begins to seem as if all you care about is power, Dave, not honesty.

10. Ed Balls is… ‘a mistake’. This is in fact true.

11. Tristram Hunt, the shadow education secretary, went to a private school but does not agree with the existence of private schools in an optimal education system. That makes him — here is the key term — a ‘hypocrite’. No it doesn’t, Dave. It makes you either a retard or a liar. At least George has the dignity to send his kids to private school the whole way through and publicly not give a fuck.

12. ‘I’ll tell you who we represent.’ No, I will. The ignorant, the angry, the greedy, and people who are having a nice time and don’t notice the world around them.

13. ‘From the country that unravelled DNA…’ DNA was unravelled in Cambridge, not Oxford, Dave, and nobody here votes Tory.

14. ‘It’s about getting people fit to work.’ Exercise for poor, fat cleaners, Dave. Exercise for poor, fat cleaners.

15. ‘Our crime-busting Home Secretary, Theresa May.’ Imagine any Tory Home Secretary as your next-door neighbour. I fucking dare you.

16. ‘I know you want this sorted out so I will go to Brussels.’ Why not just say it: ‘I can’t speak a foreign language — bit like Farage — and I don’t understand history. Even if I like holidays in Italy, they are still wogs.’

17. ‘Our parliament… the British parliament.’ It was created to curtail the antics of inbreds like you. Best not mentioned.

18. ‘If you want those things, vote for me.’ You are going to lose, Dave. You will then spend the next 10 years wishing you had had bigger balls, and ideally a bigger brain too. George will visit you.

19. ‘Our exports to China are doubling.’ Dave, I am losing the will to live. Look at the baseline.

20. ‘I don’t claim to be a perfect leader.’ Ok, all is forgiven. Emigrate.

 

Amazing that it should be 20 things.

I am going to bed and not reading this through, so apologies for typos.

 

Later:

A pretty funny video of Brave Dave following his speech has been posted to Youtube. Here it is. 1.2 million hits already. It contains profanity.

Brave Dave gets his mojo back

October 1, 2014

Cameron 1014

 

Dave Cameroon just gave his Tory party speech. After his imperial weights moment, he is back on form. Cometh the hour, cometh the Etonian.

* £12,500 zero income tax threshold (up from £10,000 in fiscal year 2014-15).

* £50,000 40% income tax threshold (up from £31,866 plus £10,000 tax-free in fiscal year 2014-15). [See update on this.]

Both ‘in the next parliament’.

Just one problem.

It is totally and utterly unaffordable by any rational analysis of the numbers. If you are vaguely economically literate, work your way through these slides from the Office of Budgetary Responsibility. Note that this was a personal presentation by Chairman Chote, and does not reflect any OBR ‘line’. But the numbers and the trend lines are the hardest ones we have. I guess that Brave Dave hasn’t seen them.

Off the top of my head, Brave Dave’s election-pitch cocktail would require GDP growth over 4%, no increase in the cost of borrowing, and further massive cuts to welfare in order to meet the Fat Controller’s debt load targets.

Now breathe in and savour the moment.

Pure Tory Bullshit.

You have got to love it.

But will you vote for it?

 

CHOTE SLIDES1  (pdf. Should open up)

CHOTE SLIDES2  (powerpoint. Should come to you as a download)

 

Update:

I hadn’t read Cameron’s speech directly, relying on Guardian coverage. After a couple of emails I now realise that part of Cameron’s putative higher rate threshold increase is spin. Unlike HMRC, which states tax bands separately (for good reason because there is no single tax-free band at the bottom, it varies slightly for different groups) Cameron’s promise of a £50,000 threshold for the 40% rate is actually a two-band sandwich — the main tax-free band, plus the up-to-40% band. So it has to be compared with fiscal 2014-15’s £10,000 tax free (the standard exemption) plus the current £31,866 40% threshold.

Still, I am not changing the text above. The cuts are undeliverable without completely fanciful assumptions about growth, interest rates and how much more welfare can be cut without widespread civil unrest. And, yes, that is even if Cameron were to wait until the final year of the next parliament, 2020, to deliver the cuts.

What is truly revolting about the Tories is that you could, just about, begin to get towards reasonable assumptions for these cuts — which millions of people would welcome and benefit from — if you increased the two rates of capital gains tax (currently 18% and 28%), and introduced some level of capital gains tax on sales of first homes. But this government, just like the Blair one, is committed to taxing capital less heavily than work. What kind of message does that send to society?

More:

Well I wrote this on 1 October and on 9 October the FT runs a column saying exactly the same thing, also citing OBR numbers. Here it is, but you will need a sub. Of course, the FT is more polite than me, merely accusing Cameron of ‘arrogance’, ‘deceit’, and ‘cooking the books’.

Happy holiday?

September 30, 2014

Tuesday 30 September 2014 in Hong Kong. Tomorrow is China’s National Day, symbol of ‘Liberation’, symbol of the Party. What will it bring?

Central has not yet been occupied, so that is one thing.

But if I was these students and workers and housewives and children, I would occupy the space around the main tycoons’ towers. Each of the big boys works out of a penthouse in their HQ tower. Imagine if they couldn’t get in! Start with Cheung Kong Tower in Central and carry peacefully on from there.

I should say, of course, that as a gweilo I ought not to be recommending such things. But it is important to remember that this protest, at least a decade in the making, is about far more than just the electoral arrangements for 2017. It is about justice for the ordinary man and woman, about fair trade, about an end to rip-offs and the economics of the few. I have always said that I love my tycoon acquaintances, but they know as well as anyone that life moves forward and that the real tycoon is able to adjust.

 

Hong Kong, the day before 1 October

Hong Kong, the day before 1 October

Link:

Latest from Keith Bradsher in the NYT here, of interest mainly because of CY Leung’s drivel half way down the story. He really is not a good advertisement for Bristol Polytechnic. Perhaps that is why they changed their name to the University of the West of England.

Video:

From Dominic Meagher, 8.30-9pm Hong Kong time, Tuesday 30 September, wandering through the crowds in Admiralty. This is his Facebook page. This should be the specific video. Huge numbers of people, few police, no tear gas, party atmosphere (thus far)…

Cripes:

Forgot about Hemlock, whose blog is here. Just now he is writing about snowy-haired nutcase Robert Chow. But what we really want to hear is dear, politically-rather-well-connected Hemlock explain his erstwhile deep affection for CY ‘He’s going to change things’ Leung. Think I’ll send him an email…

Chinese:

Here is what Xi Jinping says about Hong Kong and Taiwan in his National Day speech. It seems accommodating inasmuch as he reasserts commitment to the Basic Law and does not (if I am reading this right) say anything about ‘Basic Law as we decide to interpret it’. But of course they have already said that, so who knows?

不断推进“一国两制”事业,是包括香港同胞、澳门同胞在内的全体中华儿女的共同愿望,符合国家根本利益和香港、澳门长远利益。中央政府将坚定不移贯彻“一国两制”方针和基本法,坚定不移维护香港、澳门长期繁荣稳定。我们坚信,在祖国大家庭中,香港同胞、澳门同胞一定能够创造更加美好的未来。

兄弟同心,其利断金。解决台湾问题、实现祖国完全统一,是海内外全体中华儿女的共同心愿。两岸同胞要继续努力,巩固和发展两岸关系和平发展良好势头,坚持一个中国原则,坚决反对“台独”分裂活动,为祖国和平统一创造更充分的条件,使两岸一家亲、共筑中国梦。

 

Update, 1 October:

All is well on 1 October. No violence around the China flag-raising ceremony by the Convention Centre in the morning, just well-earned heckling for CY Leung.

This is a very useful piece linking HK, Taiwan and Xinjiang by Michael Cole in The Diplomat. Good context for anyone who needs it, which is pretty much everyone. This is not bad by the BBC’s Carrie Gracie trying to figure what might be going through Xi Jinping’s head at this point; of course it is speculative, but Carrie has a lot of experience. In Chinese, this is today’s People’s Daily (the CPC mouthpiece) editorial on Hong Kong. It is tough-ish, but as various well-informed people have pointed out, not as tough as the infamous 26 April 1989 People’s Daily editorial that presaged the troops going in. As I said yesterday re. Xi Jingping’s national day speech (above, in Chinese), Beijing appears to be leaving a little wriggle room. But will it be a deal that wriggles through, or people with guns?


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