The Party is always right, and Xi Jinping is its most important leader by far, even ahead of Mao Zedong and Deng Xiaoping. These are the main messages that the patient reader will take away from the newly published "short" history of the Chinese Communist Party. It has over 500 pages.
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In Hong Kong, listed companies enjoyed their best start to a year's first quarter regarding share sales so far. Because after China weathered the Covid crisis well, investors are looking for Chinese assets. The crackdown on the protest movement does not seem to be a factor in this space. Local US investment banks are also hiring massively. Parallel worlds are emerging. The US government appears to have no interest in curbing the inflow of US money for political reasons.
Von Frank Sieren
