WALL STREET LOVES CHINA GOOD MORNING FROM LONDON #235 Biden announces a new investigation into the origins of Covid-19 + China responds angrily. But Business in the US wants more, not less, of China. Goldman S published details of a new Wealth Partnership with China’s big bank — ICBC — that will allow Goldman S “to draw on savings of hundreds of millions of the bank’s Chinese Customers”. This is the very opposite of the Biden policy of De-Coupling. Wall Street embeds itself more deeply in China. Black Rock, JP Morgan, Schroders and Amundi are doing the same. Washington does one thing — Wall Street does the opposite. China is eager to draw on the expertise of foreign banks to build a savings infrastructure that can help manage a future driven by an ageing population. China is where the growth is. Biden/Blinken want to isolate, diminish, reduce, restrain China. Wall St + Business wants the absolute opposite — integrate, expand, develop + grow China. The stage is set for a big battle within the US. War is a possibility. The US will soon be overtaken by China. It is a given — unless hostilities occur. Is War the only way to stop China from becoming the #1 World Power? Is the World stable or unstable? Hastags! , #beijing #DailyComments #politics #usa #worldpolitics Visit My Blog https://grahamperryonchina.com/

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Graham Perry

My understanding of China is dethatched, objective and informed unlike most other commentators who political prejudices invade their writings.