So the vibe on the economy from many directions is continuing to be cautiously positive, but Hong Kong rates a mention this week as it did last, thanks to a blow-out bid for a block of land there from a Shenzhen real estate developer at 50% above current market rates. Hong Kong real estate is an alternative to the mainland market and is therefore a part of, or at least a cousin to, the great capital flight story. Speaking of which, there was an interesting case earlier in the week of Chinese company with a legitimate plan for expanding its business in the US being criticized on mainland social media for investing there, on the grounds that it is un-patriotic.
It’s all interesting, but the drama in Washington remains more riveting. It is just a shame that China doesn’t feature in it more. Russia Russia Russia. How about some equal time for Chinese connections, payments and meetings? There must have been some over the past year that rate a raised eyebrow. We’re beginning to suspect, ladies and gentlemen, that the NYTimes is holding something back. Enjoy the spring weather!