China's Activated Self-Annihilation Mode. By Chapman Chen, HKBNews
Updated: May 12, 2019
Xi Jinping is leading his country straight into the abyss, just like Nero, Hitler, Tōjō Hideki, etc. President Donald Trump has just officially imposed a 25% tariff on $200 billion of China goods, due to China's last-minute scraping of important written promises in the US-China trade talk, including no more theft of US intellectual property, no more forced high tech transfer, opening up of China's finance and telecommunication sectors, etc. Last year, as a result of Trump's imposition of a 10% tariff on $50 billion China goods, already more than 5 million China enterprises were closed down and 10 million Chinese became unemployed. Now, with the hugely increased tariff, China economy is bound to collapse. As if it were not enough, Beijing and Hong Kong communist governments are actually, at this critical moment, trying to enact the amended extradition law in HK, which USCC's recently published report stresses would endanger US security and interests. In fact, USCC warns that America may cancel the Hong Kong Policy Act should the extradition law be passed. Once the Act is canceled, China will no longer be able to use Hong Kong to exchange their rampantly printed RMB for USD, to steal US high technologies, to do money laundering, to list red-capital companies offshore, etc., which will be the last straw on the red dragon's back.