Expert cautions over China closing itself off: Economies
The G-7 finance ministers' statement on Saturday demonstrated the failure of the West and the United States to lead. Joe Biden signed a memorandum of understanding with China in 2013 to allow hundreds of Chinese businesses to trade on the US
What's happening in China?
A 78-year-old American citizen was found guilty of spying and sentenced to life in prison by the nation. John Long, who lives in Hong Kong permanently as well, has been in detention since April 2021. Chinese officials are embezzling nearly $72,000 million from Him. Even though a citizen of the United States was imprisoned on suspicion of spying, the Chinese communist party has been implementing a surveillance program on the United States using surveillance balloons, according to what we are told, TikTok, and other means. These balloons return military secrets to Beijing in real-time. China has been doing this, particularly over the past half a century. And as the raid on Min's group in March and subsequent raids on Cap at this and Bain demonstrated, had criminalized information gathering. When the counter-espionage law, which is already in place, goes into effect on July 1, we will see China executing anyone it chooses in the business community. You know, individuals shouldn't Stay in China. It is extremely risky. Since everybody can be taken Off the roads, similar to john long. Half a month prior, we Announced that there was a Conversation in the white house That president Biden may deliver Some sort of cutoff points as far as Putting resources into China and he would discharge this around the g-7. So g-7 pioneers are presently Apparently going to examine Worries over China's utilization of Monetary intimidation during the Highest point that they're having in Hiroshima, set to start on Friday. After three days of talks, the finance leaders of the G-7 decided not to mention China as a threat in the joint pledge. They fundamentally pussyfoot around Socialist China however this g-7 Meeting is supposed to have this Discussion among those middle Stage.
Now the question arises How G-7s approached communist China, and how they think of the leak from a few weeks ago that hinted at restrictions on investing in Chinese companies?
Can we believe we will see it in The G-71234?
That's our hope. This ought to have been published a while ago. This would be significant. Any Chinese company, particularly those in the high-tech sectors, should not be invested in by American businesses. I. A region That sounds huge, truly.
The g-7 finance ministers' statement on Saturday was clearly about China, but they were unable to use the word China, which demonstrates, in my opinion, the failure of the West and the United States to lead. These rules have been delayed for a long time and probably have been watered down in the conversations that Congress has been having with industry. Additionally, the Chairman of the House Oversight Committee, James Comer, informed me that he is examining six specific decisions that Joe Biden made while he was Vice President, and it is possible that Biden was compensated for those decisions. Joe Biden signed a memorandum of understanding with China in 2013 to allow hundreds of Chinese businesses to trade on our market. This is one decision I've been focusing on trades and not answering any Reviewing rules, they didn't need to follow something very similar Protections and Trade Commission decides that each Other organization needs to follow. When he signed the MOU in 2013, China was exempt from that. These businesses are now being urged to adhere to the rules or be kicked off of these exchanges. Well, China did reach that agreement that the financial community in the United States applauded at the moment. However, it appears that China is backtracking on that agreement, and these audits in Hong Kong aren't producing what they should because, as you mentioned, China is just criminalizing business information gathering, and these audits are thought to fall under state secrets. China used to safeguard see peak Also, insight intelligence, and secrets. Presently it's safeguarding everything It accepts is connected with Public Safety and returningTo 2013, that reminder that the u. S. and Biden acknowledged that allowing businesses to trade on our markets without providing information was truly unjustified. In addition, despite agreements to the contrary, Beijing has continued to withhold information. Therefore, we now see a 78-year-old American citizen, John Long, imprisoned. Long was a resident of Hong Kong. Does the fact that Long is an American citizen and is imprisoned in China for spying have any negative consequences?
What's going to happen is that businesses won't put new money into China, and I think CEOs won't go there because they know they're in danger. We will have - - this is China shutting itself off which It does intermittently all through history when its chiefs feel they can't endure pressure from an external perspective. Therefore, China is in the Contraction phase. It will be extremely agonizing For organizations that don't move quickly enough and obviously, they ought not to be there
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Why Saffron is unreachable
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half of it away the most expensive highest grade saffron is generally made up of just the very tips of the stigma in iran wherever 90 of the world saffron is produced there are four grades the lowest grade is the bunch that's the entire strand that's pulled from the flower from the dark red tips to the yellow base in higher grades the yellow strand is removed leaving only a long strand of pure red that means a kilo of saffron could be made up of 450000 strands and to get that many strands you need 150000 flowers and those flowers take up a lot of growing space cumin for example can yield 600 kilos per acre nutmeg gets you around 350 kilograms in the same space use that land for saffron instead and you get a 1.8 kilogram harvest despite the incredible amount of work and space this crop takes up demand for the spice is increasing and over 200 metric tons of saffron threads are harvested worldwide each year that's the result of about 30 billion flowers demand for the threads is so high 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why it ended up you know as an expensive product because it is it just adds something it's a bittersweet flavor it's an earthy flavor trying to replicate it's very difficult we've you know people have tried to do that i know while saffron isjust as popular as ever it's been sought after throughout history in greek mythology zeus sometimes slept on a bed of saffron and cleopatra was said to bathe in saffron and milk using the dyeing properties of the spice as an ancient fake tan every culture seems to have its own myth about the spices powers and in the 14th century saffron's popularity skyrocketed across Europe when it was thought to be a possible cure for the plague but there's a recent looming problem for saffron and its price climate change in kashmir production has dropped significantly and many farmers are selling their land instead we had you know very few uh rains in the last i think four or five years the temperature and the climate has completely changed in kashmir when i was a kid when we used to go to the saffron farms to pick up the saffron we would it would at least take us two days to pick up the saffron from the same fields which you know nowadays you could just pick up in half an hour i'm very emotional about the the saffron because this is a cultural identity of kashmir and especially the people of pampur but the thing is that you know the production is declining and you know the lands are being sold the houses are being built on the saffron lands you know it really disheartens me between 2017 and 18 saffron production in the region fell almost 70 percent from 16.5 metric tons down to 5.2 and with continuing droughts and climate change this harvest could become even more rare
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