Trump’s hand and won’t fold
With Sinophobic hysteria reaching new heights in US,
China's counter play is a massive new economic plan
By Pepe Escobar
May 30, 2020 "Information
Clearing House" - Stranger things have
Everyone was expecting US President Donald Trump to
go nuclear by de facto sanctioning China to death over
Hong Kong. In an environment where Twitter and the
President of the United States are now engaged in open
warfare, the rule is that there are no rules anymore.
So in the end, what was announced against China
amounted to an anti-climax.
The US government, as it stands, is terminating its
relationship with the World Health Organization (WHO).
The geopolitical repercussions are immense and that will
take time to sink in. In the short term, something must
be blamed for the US’ appalling Covid-19 record, so it
might as well be a UN institution.
Hong Kong’s preferential trade status will also be
terminated, but in a hazy future in still undetermined
Phase 1 of the US-China trade deal still stands – at
least for now. Yet there’s no guarantee that Beijing
itself won’t start to doubt it.
The bottom line: “Investors” were duly appeased, for
now. Team Trump seems not to be exactly versed in the
niceties of Hong Kong’s Basic Law, as the president
stressed the “plain violation of Beijing’s treaty
obligations with the United Kingdom.” The national
security law was blasted as “the latest” Chinese
aggression against its own special administrative
Now compare all this with the Two Sessions in Beijing
ending the day before, with an intriguing, quite
Keynesian performance by Prime Minister Li Keqiang. This
was compelling as much for what Li did not say as for
what he chose to put on the public record.
review some of the highlights. Li stressed that the NPC’s
resolution putting forth a national
security law for Hong Kong is
meant to protect “one country, two systems,” and not as
Instead of demonizing the WHO, Beijing is committed
to a serious scientific investigation of the origins of
Sars-Cov-2. “No cover-up” will be allowed, Li said,
adding that a clear, scientific understanding should
contribute to global public health. Beijing also
supports an independent review into the WHO’s handling