4/06/2021

Western conspiracies led by US to destroy China from within and its new gunboat policy will backfire .

      For almost two hundred years since the 1830s China and the Chinese people had been subjected to extreme and intense humiliations by the western powers and the Japanese. In five terrible wars they imposed on China and with the war indemnities of hundreds of billions of Chinese silver dollars that they illogically imposed on China after each war to compensate for  their so-called losses went a long way to turn China from a rich and glorious country into a shameful undignified pauper state. The five wars started with the First Opium War 1839 - 1842, the Second Opium War 1856 - 1860, the Sino-Japanese War 1885 -1886, the Boxer Rebellion 1900 -1901 where eight foreign European powers inclusive of American and Japanese states joined forces to attack China and the second Japanese war on China starting from October 1937 culminating with the Second World War  1940 - 1945.  The war indemnities cum  foreign powers extra-territorial control of many Chinese ports and cities whereby they controlled Chinese trade and finance, control over excise duties and collection of revenues and taxes deprived the Chinese state of any national income and reduced China to abject poverty and became a pauper state. 

By the end of the Second World War China was a total wreck devastated by continuous wars of aggressions by Western and Japanese imperial powers. However, providence was kind to China in giving China a saving star in the form of the Chinese Communist Party led by Chairman Mao Tse Tung and his compatriot heroes notably Premier Chou En Lai, Marshall Zhu De, Marshall Peng De-hwai, Chairman Deng Xiao Ping and endless scores of others plus the indomitable spirit and great  selfless support and sacrifice of the Chinese nation and people.

To cut the story short it is with the great indomitable spirit, determination and sacrifice of the Chinese people  led by the Chinese Communist Party that today's rich and powerful China is like the legendary proverbial phoenix rising up from the ashes of a great fire.

However, inspite of two hundred years of subjecting China to almost lethal suffering the United States and its Western allies are still loathe to see China rising up too fast for their liking. They harbour ill-intentions toward China and are determined to take down China again with whatever diabolical means and methods they can think off. It is not clear what exactly they want from China. They hate and despise China when China was poor and weak. They still hate China now because China  is now rich and powerful. They are a really mad, insane and lunatic people. They hate the Chinese for being too smart and intelligent. They hate the Chinese for being too deligent and hardworking. They hate the Chinese for being too tolerant of hardships. What else do they don't hate the Chinese? They just hate the Chinese for being Chinese. But today they are just taking on the wrong Chinese for it will be their nemesis for doing so.

Below is a great story story sent to me via WhatsApp, telling in perspective about the evil West led by USA and the world and China as narrated by Vijay Prashad, a renowned Indian Historian, writer and Historian.

Writer: Vijay Prashad, the Indian Historian, Journalist...

He is very sharp, just like the other intellectuals outside of the US, they can see so clearly what's happening to the US and what's its problems really are....

Title : Mr. Blinken really had ' blinkers on '.

"The problem is NOT CHINA , but the US.

The US has conned the world for far too long, with its smooth and sweet rhetorics through the control of the media, with grandiose moral high grounds of human rights, freedom of speech, democracy etc, when itself is among the chief violators, not only in the US itself but throughout the world.

The US on false pretexts bombed up Libya, Syria, Iraq, Afghanistan and Yemen ( through its proxies ) among others, created the human refugees catastrophe for which Europe had to bear the brunt of handling it.

The US for decades had been an Evil Empire, its actually the bull in the China shop.

It has also destabilized many Latin American countries, and now Karma has shown up at its own southern borders with refugees.

I agree that Mr. Blinken is a better looking version ( version 2 ) of Mike Pompeo, but they are the same, carrying out the wishes of the American Military Complex.

The Americans don't follow any international law or order, though they keep pontifying about it.

They are above the laws and do what they like. In short they are the big bully and now the rogue on the international stage.

At the recent meeting in Alaska, the US delegation was told to f... off, China gave the US a longer lecture in rebuttal.

The US asked China not to bully America's lap dog Australia by imposing tariffs on Australian goods. The Australians are now feeling the pinch and the US is now trying to get Australia out of the ditch ...more crudely out of the shit that the Americans pushed the Australians into.

The world now needs China more than China needs the world...that's a debate by itself, for another day.

The US has resorted back to gunboat diplomacy.

Apart from forming Quad, the US had asked and Britain and France had both just onbliged by each sending a warship into the Pacific Ocean, from its very depleted fleet.

This time round, China will not be intimidated. The Americans are sadly mistaken, that just because the West won the Cold War against the Soviet Union, they can win the Cold War, the Trade War against China.

China is the giant that Napoleon forsawed will awake one day and it has now woken up.

China has delivered 700 to 900 million people out of poverty whereas more and more Americans have fallen below the poverty line.

Is food and shelter, not a basic human right.

China's progress did not come from the exploitation of other countries, like colonisation , rape and plunder and destruction of other countries. but through the hard work and the sweat, toils and tears of the Chinese peasants and people.

Don't forget the suffering of the 60 million 'Lost / damaged generation of China. These were the children who grew up, who were abandoned by their fathers and mothers who left their countryside to work in the factories in the cities and the economic zones.The children don't get to see their parents for at least a year or even longer .... a tremendous social price that was being paid, so that American consumerscan enjoy cheap goods.

At rallies after rallies, Trump retched up anti China and anti China sentiments by accusing China of raping, plundering and robbing Americans because of annual trade deficits for years of about 550 billion US$.

The question the world can ask is . did China point a gun at the US to force it to buy Chinese products unlike the time the West forced China to buy its opium.

The US bought Chinese goods because it benefited the American Consumers.... it helped to keep inflation down in America. What Trump did not tell the American public is that each US companies in China reek in revenues to the tune of 750 Billion US$.

Who forced the American companies to go and operate in China? 

The West, America and Europe have developed at the expense of the AAA ( African, Asian Aboriginal ) countries and peoples through colonization, exploitation, killings, slavery etc.

Enough is Enough, the 500 years curse is over. 

The 21st century is the Asian century and women will dominate.

Biden had called Putin a killer and President Xi a thug.

The truth and the irrefutable fact is the Americans and the British have killed the most number of innocent people in all of human history.

How can America, a nation of about 240 years lecture a 5000 years old Chinese civilization?

The Wild Wild West foreign policy of the US will this time not work against China's Sun Tzu 'Art of War'.

Sadly, the US today is the world's biggest terrorist and gangster and a threat to international peace and human civilisation .

Time for America to Repent.

Do not be surprised if one day, Russian and Chinese missiles rained down on the US .... if the US persists with its wet dreams that God created America and Mickey Mouse created the rest of the world.

PS: The Americans have been able to convince the Eskimos to buy refrigerators.

I still believe the Americans planted the Covid - 19 virus in Wuhan.

Trump and Pompeo had been saying that the virus escaped from the Wuhan lab and they have the evidence. The whole world is still waiting to see the evidence."

If the EWR Anglo-Saxon Americans are sincere in advocating democracy and human rights they should all packed up and go back to England and Europe where they originally come from and give back continental America ( both Canada & US occupied native lands ) to the natives. Otherwise the whole world must unite to help the native American Indians to recover their ancestral lands. The Evil White Race ( EWR ) should stop bullshitting about their 'Democracy and Human Rights . 

Southernglory

Tuesday, 6th April,2021.



35 comments:

Anonymous said...

Greeting Southernglory ,

There are few Indians writer/journalists I really like and respectful Vijay Prashad is one and in TeleSur Tariq Ali "The World Today" another one former presenter Russian Today "Question More" she left now in Grayzone Anya Parampil, Kindest Regards JC

Anonymous said...

another great article by Prashad

https://independentaustralia.net/politics/politics-display/biden-alongside-morrison-modi-and-suga-continue-conflict-with-china,14939#disqus_thread

southernglory1 said...


Re: Anonymous 11.46am
Anonymous 12.13 pm

Hi! comrade netizens. Thanks for your input. Maybe you can contribute more for the benefit of like-minded netizens by by writing critical comments to lambast the evil and hypocritical EWR - Evil White Race especially the Anglo-Saxon British and the white barbaric Americans.

Other good, informative and positive websites to share are : Counterpunch, New Eastern Outlook, Strategic Culture Foundation, Global Times and Russia Insider.

With regards

Southernglory 1



Anonymous said...


Who is causing all the turmoils, troubles and wars in this world. It is the US and its warmongering allies. Just look at the profile of USA politicians and you will know it is impossible for the world to feel safe and secure.

Take a look at any US politicians from the president downward and you will be looking at a robber, a high way man, a monster, a killer, a murderer, a hooligan, a hoodlum, a psychopath, a warmonger and a sex maniac.

Unless God destroys these evil people in the Evil Empire it is impossible to have peace and security in this earthly world.

Eagles Eyes.

Anonymous said...


America and its western allies are forming a joint force with Japan, Canada, Australia and India to take down China just as they did in 1900 when Eight foreignpowers inclusive of America and Japan jointly attacked China. But China today will never allow this shameful episode to happen again. Today's China is rich and powerful enough to destroy whosoever iis trying to trifle with China.

Political observer

Anonymous said...


The Evil Empire should be eradicated and wiped off the earth soon as it has severely and wantonly violated human rights and democracy domestically and abroad. China, Russia, Iran and North Korea should take the lead to finish off the Evil Empire godspeed.

southernglory1 said...


China should stop talking and negotiating with the untrustworthy United States. The Evil Empire never believe in reprocity. Remember the native American warnings, 'White men speak with fork with fork tongues and can never be trusted'. So what's the use of negotiating with the U.S. that does not honour its commitments.

Southernglory1

Anonymous said...


The United States and its European allies for hundreds of years never grow rich on their own endeavours but through robbing and exploiting colonies and foreign countries via its military might. The Evil Empire annually robs off hundreds of billions of dollars from other countries through exercising its illegal sanctions, financial and military blockades on other countries sea ports, geopolitical control of the Petro Dollar and printing of fiat money from thin air to cheat the whole world and lastly through vile diabolical interference of other countries internal affairs via regime change.

Anonymous said...

They are still robbing the Arab countries of their oil and destabilising them so that they would never be normal countries, cannot live in peace, forever embroiled in unending wars...countries war torn, Arabs becoming refugees depending on foreign assistance when they could be really rich countries because of their oil.

Anonymous said...

We have to look at the USA's Cold War against the former Soviet Union in a clearer light. The former Soviet Union had a GDP a fraction of the USA then. That puts the Soviets at a tremendous disadvantage in countering the USA in terms of spending on their military in particular. The Soviet Union alone against the USA and it's EU poodles then, is clearly not on an even playing field. The fall was imminent and expected.

A Cold War against China today is a different prospect for the USA. China has the financial means and military muscle, however mismatched in size, to at least counter the USA. Added to that, the Russians, Iranian, North Koreans and a host of other countries are hostile to the USA. That may yet be a factor to even the playing field.

It is ridiculous say the least that China had been forced to pay the West and Japan reparations for the many wars waged by them against China on Chinese soil. The West even had the immoral decency to demand compensation for the opium trade losses suffered when that was derailed. Imagine trying to force opium on the Chinese by force and not being successful, wanted compensation for that. That is gangsterism without question and Mafia tactics without doubt.

Reviewing China's century of humiliation, the USA and the West, together with Japan, still thinks their antagonism against China now will reap the same result as what they did a century and a half ago.

China is not going to be pushed around this time. As a Chinese, not even born in China, I am glad that they are now doing what is their absolute right and not remain docile and be humiliated again.

Anonymous said...

Great Chinese leaders have made China great again.

Great War mongering USA leaders have reduced the USA to what it is today.

Falling infrastructure needing trillions to put right tells you how bad the situation is.
Increasing poverty and homelessness is now reaching unmanageable proportions in many states. Racial violence is rocking many areas and there is little progress in BLM issues, not that I care for the Blacks. Political polarisation is destroying the decision making process, making it fragmented and inconsistent, as seen in the response to the COVID19.

All signs point to the falling of an empire in the last throes of it's existence.

Anonymous said...

Using the Russian bogeyman means the USA can remain rooted in the EU for good. Sanctioning Germany for the Nord Stream 2 project creates tensions between Russia and the EU, with Germany in the crosshairs of the Russians.

In the Middle East, using Israel is enough to ensure the USA will remain in the Middle East to protect them against the Muslims states.

In East Asia, stirring the shit in the South China Sea dispute gives the USA the reason to maintain or even extend it's military presence closer to China.

Wherever the USA goes, the same kind of tension is created to ensure they get a stepping stone to plant their military roots to control the region. It never varies.

Virgo49 said...


Besides Warmongering, they are the MOST STUPID Beings on this planet.

With their nonsense flip flop and wishy washy policies

Want to act Tough but threatened even by North Korea they lost their marbles.

Blinken.? Blink blink blink

Anonymous said...


Re: Anonymous 4:56pm
= 5:04pm
= 7:01pm
= 7:19pm
= 7:34pm
And Virgo = 7:37pm

Thank you all for sharing your good informative comments. Please keep it up. This is the only way for us to debunk the false and evil toxic propaganda of the West mass media against we Chinese people.

A supporter of My Singapore News

Anonymous said...

Trump and Pompeo claimed the virus escaped from a Wuhan lab and that they have evidence. Would anyone believe that they would not let the evidence out if it is true? The USA is even ready to fabricate and manufacture fake evidence to discredit China, not to talk about having real evidence to do so.

Also, what about the evidence that Huawei is a security threat to them and that they have the evidence. After uttering their fabricated claims of having evidence nothing has been produced to support their accusations.

On the other hand evidence had been produced to show that the USA spied on it's allies and sold rigged encryption machines to them.

Virgo49 said...


Good morning Anon.9.48

They thought that their words were Gospel Truths each time they blared out from their filthy mouths.

As World's TOP leaders just believe every word they yapped or barked.

One the other hand, words of been liars, cheaters and manipulators and what's not scums came out from their filthy mouths.

And they are PROUD of them.

How you expect the World to believe them scums.

They are mentally sick imbeciles in their lost decadent world.

See the China's Leaders always behaved with pomp and dignity.

They don't yap anyhow like mad skunks.

The Decadent West is paying for the crimes and sins now together with their Snakes who sucked up to them.

Now their unable to cover up figures of COVID cases are in the millions.

WHO, you cannot undisclose your false figures too much.

Virgo49 said...


Stuid Americunts having jury system and now spending so much unnecessary time and energy in that Chuvan's murder of that Black man by kneeling his knee on his leg.

Whether his knee on his neck or shoulder.

Every five year old kid will able to tell you that this is murder. Excessive Force

They simply loved dramas and unrealities.

Virgo49 said...


Also blamed his past medical history of conditions and drugs.

White Men Killed Black Men 100 percent defence to find loopholes.

Black Men Killed White Men straight to Gallows- think they also deserved it for hurting other coloured beans.

Yellow Men seldom will committ these trivial stupid acts.

When they do and get irritated, all your bowels, guts and every organ in your body will get gutted out.

Even your Mouth will be pumped with shits.

This is Yellow Men Actions of those who presssed them against the walls with their long patience of taking the nonsense.

The Watar Margin of 108 Heros.

Virgo49 said...


Now they want to Boycott Bejing Winter Olympics.

Like little never grow up Austic children.

Most of them are mentally sick and austic imbeciles.

Anonymous said...

The knee choke is what they used to disable animals. They treat the black men as animals.

Anonymous said...

They have treated the Blacks as animals before. They are reliving their old cruel habits using George Floyd to remind the Blacks.

Remember Kunte Kinte in the story 'Roots'? He was bound with thick chains around his neck, hands and feet by his White slave master. He was treated worse than an animal. We put leashes on dogs only on the neck, not the dog's feet.

But no sympathy for the Blacks, now that they are beating up Asians.

Anonymous said...

Part 1:

China has traded with Malaysia for 2000 years. In those years, they had been the world’s biggest powers many times. Never once they sent troops to take our land. Admiral Zhenghe came to Malacca five times, in gigantic fleets, and a flagship eight times the size of Christopher Columbus’ flagship, Santa Maria. He could have seized Malacca easily, but he did not. In 1511, the Portuguese came. In 1642, the Dutch came. In the 18th century the British came. We were colonised by each, one after another.

When China wanted spices from India, they traded with the Indians. When they wanted gems, they traded with the Persian. They didn’t take lands. The only time China expanded beyond their current borders was in Yuan Dynasty, when Genghis and his descendants Ogedei Khan, Guyuk Khan & Kublai Khan concurred China, Mid Asia and Eastern Europe. But Yuan Dynasty, although being based in China, was a part of the Mongolian Empire.

Then came the Century of Humiliation. Britain smuggled opium into China to dope the population, a strategy to turn the trade deficit around, after the British could not find enough silver to pay the Qing Dynasty in their tea and porcelain trades. After the opium warehouses were burned down and ports were closed by the Chinese in ordered to curb opium, the British started the Opium War I, which China lost. Hong Kong was forced to be surrendered to the British in a peace talk (Nanjing Treaty). The British owned 90% of the opium market in China, during that time, Queen Victoria was the world’s biggest drug baron. The remaining 10% was owned by American merchants from Boston. Many of Boston’s institutions were built with profit from opium.

After 12 years of Nanjing Treaty, the West started getting really really greedy. The British wanted the Qing government:
1. To open the borders of China to allow goods coming in and out freely, and tax free.
2. Make opium legal in China.
Insane requests, Qing government said no. The British and French (with supports from the US), started Opium War II with China, which again, China lost. The Anglo-French military raided the Summer Palace, and threatened to burn down the Imperial Palace, the Qing government was forced to pay with ports, free business zones, 300,000 kilograms of silver and Kowloon was taken. Since then, China’s resources flew out freely through these business zones and ports. In the subsequent amendment to the treaties, Chinese people were sold overseas to serve as labor.

In 1900, China suffered attacks by the 8-National Alliance (Empire of Japan, Russian Empire, British Empire (including India), France, USA, Germany, Italy, Austria-Hungary). Innocent Chinese civilians in Peking (Beijing now) were murdered, buildings were destroyed & women were raped. The Imperial Palace was raided, and treasures ended up in museums like the British Museum in London and the Louvre in Paris.

In late 1930s China was occupied by the Japanese in WWII. Millions of Chinese died during the occupancy. 300,000 Chinese died in Nanjing Massacre alone.

Mao brought China together again from the shambles. There were peace and unity for some time. But Mao’s later reign saw sufferings and deaths from famine and power struggles.

Anonymous said...

Part 2:

Then came Deng Xiao Ping and his infamous “black-cat and white-cat” story. His preference in pragmatism than ideologies has transformed China. This thinking allowed China to evolve all the time to adapt to the actual needs in the country, instead of rigidly bounded to ideologies. It also signified the death of Communism in actually practice in China. The current Socialism+Meritocracy+Market Economy model fits the Chinese like gloves, and it propels the uprise of China. Singapore has a similar model, and has been arguably more successful than Hong Kong, because Hong Kong being gateway to China, was riding on the economic boom in China, while Singapore had no one to gain from.

In just 30 years, the CPC have moved 800 millions of people out from poverty. The rate of growth is unprecedented in human history. They have built the biggest mobile network, by far the biggest high speed rail network in the world, and they have become a behemoth in infrastructure. They made a fishing village called Shenzhen into the world’s second largest technological centre after the Silicon Valley. They are growing into a technological power house. It has the most elaborate e-commerce and cashless payment system in the world. They have launched exploration to Mars. The Chinese are living a good life and China has become one of the safest countries in the world. The level of patriotism in the country has reached an unprecedented height.

For all of the achievements, the West has nothing good to say about it. China suffers from intense anti-China propagandas from the West. Western Media used the keyword “Communist” to instil fear and hatred towards China.
Everything China does is negatively reported.

They claimed China used slave labor in making iPhones. The truth was, Apple was the most profitable company in the world, it took most of the profit, leave some to Foxconn (a Taiwanese company) and little to the labor.

They claimed China was inhuman with one-child policy. At the same time, they accused China of polluting the earth with its huge population. The fact is the Chinese consume just 30% of energy per capita compared to the US.

They claimed China underwent ethnic cleansing in Xinjiang. The fact is China has a policy which priorities ethnic minorities. For a long time, the ethnic minorities were allowed to have two children and the majority Han only allowed one. The minorities are allowed a lower score for university intakes. There are 39,000 mosque in China, and 2100 in the US. China has about 3 times more mosque per muslim than the US.
When terrorist attacks happened in Xinjiang, China had two choices:
1. Re-educate the Uighur extremists before they turned terrorists.
2. Let them be, after they launch attacks and killed innocent people, bomb their homes.
China chose 1 to solve problem from the root and not to do killing. How the US solve terrorism? Fire missiles from battleships, drop bombs from the sky.

During the pandemic,
When China took extreme measures to lockdown the people, they were accused of being inhuman.
When China recovered swiftly because of the extreme measures, they were accused of lying about the actual numbers.
When China’s cases became so low that they could provide medical support to other countries, they were accused of politically motivated.
Western Media always have reasons to bash China.

Just like any country, there are irresponsible individuals from China which do bad and dirty things, but the China government overall has done very well. But I hear this comment over and over by people from the West: "I like Chinese people, but the CPC is evil. What they really want is the Chinese to change the government, because the current one is too good."

Anonymous said...

Part 3:

Fortunately China is not a multi-party democratic country, otherwise the opposition party in China will be supported by notorious NGOs (Non-Government Organization) of the USA, like the NED (National Endowment for Democracy), to topple the ruling party. The US and the British couldn’t crack Mainland China, so they work on Hong Kong. Of all the ex-British colonial countries, only the Hong Kongers were offered BNOs by the British. Because the UK would like the Hong Kongers to think they are British citizens, not Chinese. A divide-and-conquer strategy, which they often used in Color Revolutions around the world.

They resort to low dirty tricks like detaining Huawei’s CFO & banning Huawei. They raised a silly trade war which benefits no one. Trade deficit always exist between a developing and a developed country. USA is like a luxury car seller who ask a farmer: why am I always buying your vegetables and you haven’t bought any of my cars?

When the Chinese were making socks for the world 30 years ago, the world let it be. But when Chinese started to make high technology products, like Huawei and DJI, it caused red-alert. Because when Western and Japanese products are equal to Chinese in technologies, they could never match the Chinese in prices. First world countries want China to continue in making socks. Instead of stepping up themselves, they want to pull China down.

The recent movement by the US against China has a very important background. When Libya, Iran, and China decided to ditch the US dollar in oil trades, Gaddafi’s was killed by the US, Iran was being sanctioned by the US, and now it’s China’s turn. The US has been printing money out of nothing. The only reason why the US Dollar is still widely accepted, is because it’s the only currency which oil is allowed to be traded with. The US has an agreement with Saudi that oil must be traded in US dollar ONLY. Without the petrol-dollar status, the US dollars will sink, and America will fall. Therefore anyone trying to disobey this order will be eliminated. China will soon use a gold-backed crypto-currency, the alarms in the White House go off like mad.

China’s achievement has been by hard work. Not by looting the world.

China has suffered at the hands of the Westerners, but now China is rising, going back to where it belongs.

Good luck China!

Chua Chin Leng aka redbean said...

Thanks Anon, will post your 3 parts Chinese history from tomorrow.

Virgo49 said...


Mr RB. Congrats.

Now we have more and more excellent and enlightened contributors to your Blog.

Must be gaining grounds as an excellent and reputable Blog in Singapore.

Congrats once again.

Never know we have so many wonderful contributors who can write so well

Virgo49 said...


My lucky dog from the shelter for the last eight years had no need to be leashed by me.

I let her walked and felt the ways she wanted to go in our estate except when crossing the roads and other dangerous corners and nooks.

They always said that the dog walked me.

What's there to leash it when they are so obedient and tame.

To me it's cruelty.

The Blacks thought they were second in command Americunts after the Whites.

They were there long time before the others.

Never in their nightmares that they were there as slaves in the first place and in the Whites minds they are still slaves.

They thought that they had fought shoulder with shoulder with their Whites in their Evil Wars and Conquests against others and the Whites will treat them as equals.

Now in their wildest dreams that they be treated as Equals.

The Whites will never ever treated any coloured beans as equals.

Anonymous said...

The blacks that have made some head ways are the entertainers and sportsmen and sportswomen and those with prominent white blood in them like Colin Powell and the Rice women type.

Those blacks that are still blacks are still slaves to the white men, not much different from animals like George Floyd and gang.

Virgo49 said...


Only for shows dressings.

To show that the Whites are magnanimous and kind creatures.

Even that that Evil Blacks also had to take orders and killed all the innocents in their unprovoked wars on others

So the Blacks now deserved their fates

Anonymous said...

The blacks are so proud to be part of the killing machine, killing the Arabs and Muslims, thinking that they are part of the white evil American Empire.

Anonymous said...

China a ‘Credible’ Haven to Challenge US Treasuries

In the debate over whether China can vie with Treasuries as a haven during times of turmoil, more bond investors are lining up on the side of China.

Ashmore Group Plc, one of the biggest emerging-market firms with almost $100 billion under management, added to the chorus on Wednesday with a report making the case for Chinese debt in strategic portfolios. Ashmore points to China’s strong performance in the first quarter in the face of losses across global bond markets.

“China’s emergence as a new and credible safe haven destination for bond holders should gradually chip away at the status of the dollar and U.S. Treasuries as the only safe place to hide,” said Gustavo Medeiros, Ashmore’s deputy head of research.

With the rout in U.S. Treasuries forcing investors to question their positions, there’s a growing contingent that’s turning to China. Investors at JPMorgan Asset Management and Brandywine Global Investment Management LLC are also among those who have voiced a preference for Chinese debt and back the view that the country can be a viable haven.

That China could be a refuge for bond investors isn’t new, but the discussion is being revived as the country’s economy powers out of the pandemic and becomes a bigger force in global markets. China’s government bonds are now included, or on a phased path to inclusion, in major international bond indexes.

To Luca Paolini, the chief strategist at Pictet Asset Management, there’s a good chance China will outperform in the long term. The nation’s debt is up 0.7% this year in dollar terms and the 10-year yield stands at 3.2%, almost double the rate for Treasuries. The Chinese yuan was the third-best performer among emerging market currencies in 2020, and its 0.2% drop against the dollar this year is the least within the group.

“We have a long-term view of China, which is very optimistic, because of valuation, because of very responsible central banks, because of flows, because of a decline in inflation,” said Paolini.

Chua Chin Leng aka redbean said...

PS. My apologies for not publishing the above 3 parts on Chinese history as they were copied from another source,... unless anonymous could claim he is the author of the articles.

Cheers.

redbean

Anonymous said...

Actually the three parts came from a Malaysian source, quoted in comments by someone else on another site, which I came across some time ago. It was a very incisive piece that I thought would make a must read for blogs like yours. Thankfully someone did post it here.

Anonymous said...

When Blacks followed the evil Whites, fought in evil wars started by the evil Whites, are brainwashed by the evil Whites, they too became evil eventually. What does Satan teach it's followers?

Not only the Blacks, the poodles that were colonised by the evil Whites have also inherited their evil nature. Just look around.

Chua Chin Leng aka redbean said...

Agree. The 3 parts are good factual history of China and very educational for those that did not read Chinese history. Would like to put it up as a main article from the author.

Still it will be read by those hunger for more Chinese history.

Cheers.