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Chinese stocks are falling after
Donald Trump wins the US elections.
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Vietnam is ramping up artificial
island building in the South China Sea.
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And a Philippine military drill
focuses on liberated occupied islands
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in plain view of the Chinese military!
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That and more on this week’s
China news headlines.
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Welcome to China Uncensored, I’m Chris Chappell.
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This episode is sponsored by Incogni.
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You probably know that companies are
collecting your personal data.
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But you may not realize just how many.
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Dozens, maybe
hundreds—
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most of which you’ve never heard of
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And you have no idea what they’re
doing with it.
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Incogni helps stop them.
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I’ll explain more at the end.
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Donald Trump will be the next
President of the United States.
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So what does the Chinese
Communist Party think about this?
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Eh, it doesn’t care.
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At least, that’s the official story.
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The official response to the
election results were formulaic.
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Foreign Ministry Spokeswoman Mao
Ning said “
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our policy towards the US is consistent
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…we will continue to view and
handle China-US relations
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in accordance with the principles of mutual respect
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peaceful
co-existence and win-win cooperation.”
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Which makes sense.
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I mean, what else
are they going to say?
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That they wish he lost and that he’s a horrible,
terrible meanie?
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They’re not MSNBC .
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Besides, that would probably end about as
well as it ultimately did for the Democrats.
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But unofficially, some are
telling a different story.
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One philosophy professor at the
National Taiwan University said
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that everyone he was speaking with
was talking about the election.
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He told Fox News Digital that Trump’s victory
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is “a worst-case scenario” for Beijing.
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Relations between Washington
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and
the CCP are already strained,
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and Trump has vowed to impose
heavier tariffs on China.
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Many of the Trump Administration’s policies
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towards China remained in place during the
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Biden Administration.
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Because even “Sleepy
Joe” was alert enough to see China’s a threat.
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But this time around, the philosophy professor
says,
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China knows how much such policies will hurt
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, and they will come at a time when
China’s domestic economy
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is not doing well.
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That’s…a bit of an understatement
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. China’s
economy is an absolute dumpster fire on wheels.
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And Canada, the US, and many European
countries
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are already placing tariffs on
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Chinese EV imports
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and other goods after
accusing China of dumping on the market.
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But China doesn’t care that Trump won!
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Just look at how not-nervous Xi looks.
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We’ll just have to wait and see how it
all plays out for China…
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Or, maybe not!
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Because major US-listed Chinese stocks
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are already falling after Trump’s win,
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with his tariff promises in the spotlight.
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Shares of Chinese e-commerce giant
Alibaba fell by as much as 4.5%,
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while JD.com fell by 7.7% and
Bilibili stock fell by 7.8%.
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Call those stocks Tom Petty,
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cause they’re free fallin’.
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Meanwhile, as the final results
of the election started coming in,
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the Hong Seng Index dropped 2.2%
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and the
Shanghai Composite Index fell by 0.1%.
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This may have something to do with the
10-20% tariffs
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across the board that Trump has suggested imposing
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with
60% tariffs on Chinese goods.
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A 60% tariff on Chinese goods could reduce
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Chinese GDP growth by 2.4 percentage
points
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, according to Citi analysts.
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And given that China’s official GDP
growth numbers are already just barely hanging on
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with the actual numbers probably far
lower –
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that could be a serious blow to China.
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Of course, those same analysts
believe that
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threat is going to be used as a bargaining chip
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by Trump
rather than actually implemented.
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Which makes sense. It’s a gamble.
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You can take the man out of the casinos,
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but you can’t take the casinos out of the man
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. Especially when his name is on them.
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Of course, the stock market being the stock market
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, the panic eased up in the days after the
election,
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and several of the stocks rebounded.
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So I guess we’re back to, “
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we’ll have to wait and
see how this all plays out.
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”A Taiwanese couple has been indicted
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for being paid by the CCP
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to
spread their propaganda and influence elections.
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The couple, [a man named Chang Meng-chung and his
wife, Hung Wen-ting ] were charged with violating
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Taiwan’s Anti-Infiltration Act and election laws
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by making radio and digital media propaganda for Beijing
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in exchange for $2.32 million, paid
out over more than a decade!
Chang and Hung
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are both members of a small political
party on the island called the CUPP–the
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China Unification Promotion Party.
Which is pretty self-explanatory.
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The party only has about 60,000 members.
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But the indictment is actually
pretty significant because Taipei,
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in the past, has struggled to connect
Chinese cash payouts to the CUPP.
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Which indicates that the 2020
Anti-Infiltration Act has changed things.
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The Investigation Bureau of Taiwan’s Ministry
of Justice said in its statement Monday that
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authorities investigating Chang Meng-chung
and his wife searched 24 locations between
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December 2023 and July of this year.
The bureau said it seized mobile phones,
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computers, financial records and other evidence.
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According to the prosecutors, China’s Taiwan
Affairs Office in Beijing and its branch office
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in Fujian province paid the couple between
2011-23. I guess it’s nice to see given the
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state of China’s economy that Beijing is
able to offer steady income to somebody.
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And what did they do in exchange?
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Well, allegedly, they promoted candidates
favored by Beijing, disparaged Hong Kong
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democracy activists and members of Falun
Gong, boasted about China’s military power,
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and urged Taiwan’s troops to surrender
in the event of a Chinese invasion.
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So they were shills. I hope China at
least gives them some commemorative swag.
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“I sold out my country and
all I got was some money,
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a prison sentence, and this poorly made T-shirt.”
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Prosecutors also allege the couple
went to mainland China several
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times to provide program summaries and
plans for CCP authorities to review.
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China hasn’t commented on the arrest, but
Chang says “Taiwan says it’s democratic,
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but it’s not democratic at all. The CUPP
has always been championing cross-strait
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reunification, so what I said is the same
as what the CUPP has always advocated.”
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True, but when you say it for payments to the tune
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of $2.3 million, it’s just
a little bit different.
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And after the break, Vietnam and the
Philippines are getting tough on China.
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Welcome back.
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Vietnam is taking a harsher stance on
Chinese aggression by demanding Beijing
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return detained Vietnamese fishermen
and ramping up island-building.
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Vietnam claims that a number
of Vietnamese fishermen have
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been detained by China near the Paracel
Islands for quote unquote illegal fishing,
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although they haven’t said when these
fishermen were detained or how many were taken.
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And last week, the deputy spokesperson for
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Vietnam’s Foreign Affairs Ministry
called on China to release them.
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At a news conference on Halloween, he said,
“Vietnam resolutely opposes China’s actions,
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and requests China to fully respect
Vietnam’s rights over the Paracel Islands,
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release all illegally detained Vietnamese
fishermen and vessels, compensate for damage,
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and stop and not repeat the harassment and illegal
capture of Vietnamese vessels and fishermen.”
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The disputed Paracel Islands
are claimed by Vietnam but
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have been occupied by China since 1974.
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China, of course, disputes
Vietnam’s version of events.
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I assume China’s version is, “We — as always
— did nothing wrong, quit hating, haters.”
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China and Vietnam have a testy relationship
historically, going back to a Chinese invasion
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of its southern neighbor back in 1979
that didn’t end too well for the CCP.
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China had a bad time invading Vietnam? Man,
they’ve been copying the US for decades!
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But the CCP might find it much more difficult
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to bully Vietnamese fishermen
now than they did in the past.
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Because Vietnam is ramping up
construction of artificial islands
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in the South China Sea.
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Analysts are suggesting that this could
lead to a militarization of the area,
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with an airfield even being
built on the Barque Canada Reef.
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Neither country is commenting
much on the issue at this time,
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and it’s likely going to take much
longer before Vietnam’s efforts could
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match those of China’s militarized
islands in the South China Sea.
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But this could eventually allow Vietnam to counter
China’s attempts to claim waters in its territory,
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especially since the CCP has its hands full
dealing with Taiwan and the Philippines.
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Man, China is making so many enemies they can’t
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keep track of their enemies.
They’re spread thinner than
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Xi’s skin when he sees this image. Seriously,
don’t share it. It makes him real mad.
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Philippine forces have retaken an island in
mock combat right in front of China’s navy.
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This was the first such exercise of
its kind and showed off Philippine
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military capabilities as Chinese
warships nearby watched on.
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General Romeo Brawner Jr. observed
the drills from a frigate and
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underscored how the exercise displayed
the readiness of the Philippine forces.
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Brawner told a small group of journalists who were
invited to see the exercises that, “We are warning
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our neighbors or whoever or any external forces
that we are capable of defending our islands.”
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Brawner has even said that the Chinese
ships nearby added realism to the exercise.
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As if Filipino ships hadn’t already had enough
realistic encounters with Chinese boats.
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The Philippines and China have been clashing for
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a long time over disputed islands
and waters in the South China Sea.
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And the US has repeatedly warned
the CCP that it is obligated by
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treaty to defend the Philippines
should tensions escalate into war.
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Chinese officials have not
commented on this drill,
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but, in the past, they’ve opposed war
drills entirely in the South China Sea.
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Unless, of course, the People’s Liberation
Army Navy is the one conducting them!
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The head of Myanmar’s military government is
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visiting China for the first
time since taking power.
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This is the first time in over three years that
Myanmar’s junta chief has traveled to China,
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and he is due to visit the city of Kunming,
which is not so far from the Myanmar border,
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for a series of talks and summits
on regional economic cooperation,
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according to a report from state-run TV.
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The report said he will also have “meetings with
Chinese government officials to discuss ways to
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enhance goodwill, economic and various sectors
between the two governments and the people.”
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Because who would know more about
improving economies than China?
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Everybody. The answer is everybody.
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Myanmar is in a devastating civil war,and the
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military junta has recently
faced a series of losses.
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China’s been backing both sides through different
measures, which we’ve covered before on the
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00:10:04,680 --> 00:10:09,120
show.Some opposition groups in Myanmar have
expressed their concern about China hosting
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00:10:09,120 --> 00:10:14,440
the junta chief , since the junta is sanctioned
by many Western nations for human rights abuses.
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Not that China would ever listen to
concerns about human rights abuses!
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Beijing has been concerned about
potential spillovers of the violence
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00:10:21,400 --> 00:10:25,800
from both sides and has failed to
broker a ceasefire numerous times.
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But now, the CCP wants to make
its concerns heard loud and clear,
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00:10:29,600 --> 00:10:33,520
including by shutting down borders and
cutting electricity to Myanmar towns,
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among other measures.
Wow… so Xi does care.
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00:10:37,360 --> 00:10:40,200
Now, I’ve got a video to show you
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Once again, I’m Chris Chappell. See you next time.