Hero CEO Refused Communist Demands for Names

Local media in Hong Kong is reporting that Cathay Pacific airline’s CEO, Rupert Hogg, responded to demands from China’s Civil Aviation Administration to hand over a list of Cathay Pacific employees who had participated in the protests with admirable defiance.

According to unconfirmed reports, he responded by putting only his own name on the list provided. If the reports are true it would go some way to explaining his ‘resignation’ yesterday. Beijing has control of a big shareholding in the airline. It might not be as brave as the man in Tienanmen Square who stood alone against the tanks, it was the right response and he must have known it would cost him his job.

UPDATE: We re-emphasise that the veracity of local reports is contested.

‘Beijing Barry’ Takes £43,000 from China-Linked Firm

Barry Gardiner is still pocketing tens of thousands of pounds from a law firm whose head is linked to the Chinese regime. New figures show the Shadow International Trade Secretary has accepted £43,500 from Christine Lee & Co so far this year. The latest donations are on top of £180,000 he previously accepted from the firm…

Christine Lee describes herself as a “legal adviser to the Embassy of the People’s Republic of China in the UK” and “legal adviser to the Overseas Chinese Affairs Office of the State Council” in China. Her son, Daniel Wilkes, works in Gardiner’s office as a parliamentary researcher. The register states Wilkes is “paid by Christine Lee & Co (solicitors) for the work I do in Parliament”…

Gardiner’s current brief concerns international trade with China. He was a vocal advocate of the Hinkley Point power station deal, which involved a Chinese state-backed firm. Both the donations and employing Christine Lee’s son are allowed under parliamentary rules. Beijing Barry, still on the make

Chinese Press to May: “Is Britain Safe?”

Charming…

Cancel Hinkley, Because It Ain’t Worth It

hinkley

This chart from Bloomberg Energy is devastating. For the same budget as Hinkley we could get 20 gigawatts more electricity from gas, or the same for a fraction of the cost. Even solar would produce more energy at that price. Though with green renewable sources the capacity has to be discounted to reflect how much of the time the wind doesn’t blow and the sun doesn’t shine. Even so, that renewables are anywhere near competitive in cost terms means this has to be looked at by Phil Hammond with his calculator. George Osborne looked at it in political terms – the Chinese and the French will no doubt create some geo-political problems if May cancels the deal. The dash for gas makes far more sense…

Times Runs Full Page Ad for “China Heroes”

China Xinhua Times

On Page 22 of today’s Times sits a series of articles in contrast with the rest of the paper’s coverage of Team GB’s record Olympics haul. A bold headline emblazoned with the Chinese flag praises “China Heroes” such as weightlifter Long Qingquan and table tennis champion Ding Ning. A far cry from the front page headline of “Demand for new honours as Team GB beat China”…

Upon closer inspection, the gushingly patriotic articles are the efforts of a full page advertisement from the Chinese state’s official Xinhua News Agency. Xinhua today declared China “second in the overall standings”, despite Team GB coming second via the traditional tally of gold medals. Odd choice of paper for the bragging propaganda, since the proprietor has really gone off Chinese…

London Lands 30 Billion Rupee “Masala Bond”

hdfc uk india

India’s first offshore rupee-denominated bond was listed on the London Stock Exchange today. The investment – known as a “masala” bond – was issued by India’s largest bank HDFC, whose chairman Deepak Parekh praised London’s “wide range of financial instruments” and “unshakable trust from international investors.”

“While we did explore other markets for listing, the responsiveness and efficiency with which the officials at the UKLA and London Stock Exchange responded to our urgent requirements was remarkable.”

HDFC’s decision to place the 30 billion rupee / £341 million bond on the British market was preceded by the Chinese government earlier this year, who issued the first ever Yuan bond outside of China (worth £300 million) in May. Last week, the German stock exchange (Deutsche Börse) voted overwhelmingly in favour of merging with the London Stock Exchange, hoping to make it the world’s largest market. Both India and China are listed within the top 20 GDP growth rates in the world, and form part of Guido’s post-Brexit trade map. It cements London’s place as the financial capital of the world – Paris and Frankfurt didn’t have a hope. Even the arch-Remainiacs over at Bloomberg are grudgingly admitting it’s good post-Brexit news…

Scientists Boycott Osborne-Subsidised Research Centre Fearing Chinese Spies

Academics have boycotted a government funded research centre, hailed by George Osborne as “putting the UK in pole position” in the new material’s research, after concerns were raised over industrial espionage.

Academics drafted into the National Graphene Institute (NGI) are worried by its collaboration with the Taiwanese owned BGT, which has recently announced further partnerships with a Chinese manufacturer and university. Chinese corporations are notoriously poor in their respect for intellectual property rights. Chinese intelligence agents steal trade secrets for their corporations…

Graphene, a newly developed ultra high-tech nano-material, is 200 times stronger than steel and has outperformed super-conductive materials in electrical tests. Scientists are worried that yet another Great British invention funded by British taxpayers will be commercialised by foreign corporations.

Academics might have seen this move coming, however, after Osborne showed off his pet project NGI to Chinese president Xi Jinping during his recent stay. Having pledged to protect UK subsidies for scientific research in the autumn statement, the British taxpayer should be keen to protect their own investment. There is a limit to kow-towing, by all means lay out the welcome mat, just don’t let the Chinese walk all over you…

H/T Sunday Times

Xi May Be The Face I Can’t Forget

xi

David Cameron wrote a little aide memoire to remind himself how to pronounce “Xi”. Don’t want to mess that up…

Via @CathyNewman

Those Spontaneous Demonstrations of Chinese Support

chinese-demo

From where did all the flags and bunting spontaneously waving Xi’s drive past come? Great spot by Newsnight’s Mark Urban on the Mall:

Worse than New Labour…

Over a thousand people started arriving on Whitehall at 1am this morning to welcome President Xi, clearly expecting him to drive from Buckingham Palace, down the Mall and then along Whitehall on his way to parliament. Sadly for them the police motorcade took him the back way round St James’ and down Horseferry Road. Still, made for a good photo op…

Unions v Steel Industry

scunthorpe-steel_2716892b

The unions are demanding the government slashes energy prices and green taxes for the steel industry in response to today’s Tata announcement:

GMB: Only the UK Government acting with the EU can deal with dumping of steel and green taxes on energy prices.”

Unite: “Unite is calling on the government to support a key component of the UK economy by taking action to stop the ‘dumping’ of cheap Chinese steel, help with high energy costs and business rates and ensuring that major infrastructure projects use British steel.”

That’s the same GMB and Unite who have been campaigning for higher energy prices and green taxes…

GMB are a partner in the Trade Unions for Energy Democracy group, which lobbies for stricter regulation for fossil fuel industries.

Unite are actively calling for its members to join the the “Climate, Justice and Jobs” march in London later this month, which wants – you guessed it – tougher energy regulations. Wonder if union members would rather have a job or keep global warming below 2°c…

Mandy Flouts China Ban With Boast

After the Chinese government refused to give Tory MP Richard Graham a visa to enter on an all-party junket with the UK China Leadership Forum, the whole trip was called off and a diplomatic row is ongoing.

Peter Mandelson, who was leading the delegation, was already on his way to Heathrow when the decision was made to cancel: “No such problems for me,” boasted the Prince of Darkness on a conference call to the other planned attendees:

“I travel on a perpetual New Labour passport that opens doors all over the world.” 

And very lucrative doors at that.

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