Thought for the day

"When people fear the government, there is tyranny. When the government fears the people, there is more tyranny. Apologies to Thomas Jefferson!" -- Michael Rivero
"A rocket will never be able to leave Earth's atmosphere." -- New York Times, 1936

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A mere 12 days after House Speaker Nancy Pelosi's Taiwan trip enraged China and triggered a week of threatening military drills, a new delegation of American lawmakers has touched down on the self-ruled island. 

China's second-hand luxury goods market crashed in the last two months amid economic turmoil that has curbed discretionary spending among wealthy folks. 

Financial Times said prices for some of the most popular brands of luxury watches and designer handbags (such as Rolex watches and Hermès bags) on secondary markets have plunged between 20% to 50% since Shanghai imposed strict Covid lockdowns earlier this year. 

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Former US Secretary of State Henry Kissinger has told the Wall Street Journal that Washington has rejected traditional diplomacy, and in the absence of a great leader, has driven the world to the precipice of war over Ukraine and Taiwan.

Kissinger previously courted controversy for suggesting that Kiev abandon some of its territorial claims to end the conflict with Russia.

 Beijing cannot ignore the deployment of US Terminal High Altitude Area Defense (THAAD) systems in South Korea as it undermines China’s strategic security, Chinese Foreign Ministry spokesman Wang Wenbin said on Friday.

“China has always respected South Korea’s sovereignty and understood its security concerns, but the US deployment of THAAD missile systems in South Korea undermines China’s strategic security, and Beijing cannot ignore this,” Wang told a briefing.

An international LGBTQ gathering in Taiwan has been cancelled after global organisers demanded the self-ruling island’s name be removed from the 2025 event.

Taiwan on Friday blamed “political considerations” for the cancellation of the WorldPride 2025 Taiwan after it said the organisers had insisted that the name “Taiwan” be removed from the title.

US-China relations descended into a downward spiral in recent years, not least due to the US sending ever more ships to the disputed South China Sea and increasingly selling weapons to Taiwan, which Beijing considers a breakaway province.

China's ambassador to Russia, Zhang Hanhui, has told Sputnik that the US should "wake up" and cease attempts to maintain its global hegemony, which is increasingly waning every day.

Five U.S.-listed Chinese state-owned companies unexpectedly announced plans to delist from US exchanges over SEC audit requirementsBloomberg reported. In separate filings on the Hong Kong stock exchange, PetroChina, China Petroleum & Chemical, China Life Insurance, Sinopec Shanghai Petrochemical, and Aluminum Corp.

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