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Varney: Chaos in Hong Kong, China strengthens Trump’s position


STUART: OVER THE WEEKEND, MORE EVIDENCE THAT CHINA’S LEADER XI JINPING IS IN SOME TROUBLE. NOW, OF COURSE YOU WOULDN’T KNOW IT FROM CHINESE STATE-RUN MEDIA, WHERE XI IS CALLED THE PEOPLE’S LEADER. THAT’S THE KIND OF HERO WORSHIP NOT SEEN IN GENERATIONS. BUT THAT’S A MASK. CONCEALING A TROUBLED ECONOMY, A STILL-CHAOTIC HONG KONG AND REPORTS OF GRUMBLING INSIDE CHINA. THOSE ARE REAL PROBLEMS FOR A LEADER FACING A U.S. PRESIDENT WHO WILL NOT BACK DOWN.>>>LOOK WHAT HAPPENED OVER THE WEEKEND. TENS OF THOUSANDS MARCHED TO THE U.S. CONSULATE PLEADING WITH PRESIDENT TRUMP TO LIBERATE HONG KONG. THE AMERICAN FLAG HELD HIGH AS THE CROWD SANG AMERICA’S NATIONAL ANTHEM. THE VIOLENCE CONTINUED. VANDALISM AT SUBWAY STATIONS, BURNING BARRICADES, THE POLICE AGAIN USED TEAR GAS. THE CONCESSION, THAT IS WITHDRAWING THE EXTRADITION BILL, HAS NOT SOLVED XI’S BACKYARD PROBLEM. HONG KONGERS ARE LOOKING TO AMERICA FOR SUPPORT. YET AGAIN, CHINA HAS RESORTED TO MORE STIMULUS TO KEEP ITS ECONOMY GOING. SUNDAY, MORE MONEY WAS RELEASED TO CHINA’S BANKS. WHY DO THAT, IF THE ECONOMY IS GROWING AT A 6% RATE AND EVERYTHING’S FINE AND DANDY? ANSWER, IT’S NOT GROWING AT 6% DESPITE WHAT BEIJING SAYS. THE “WALL STREET JOURNAL” HAS LOOKED AT A VARIETY OF INDICATORS SUGGESTING MUCH LOWER GROWTH, MUCH HIGHER UNEMPLOYMENT AND A SHARP DROP IN CHINA’S EXPORTS TO AMERICA. THEIR ECONOMY IS STRUGGLING. ALL OF THIS HAS PROVOKED SOME GRUMBLING INSIDE CHINA. THE INTERNATIONAL EDITION OF THE “NEW YORK TIMES” REPORTS HINTS OF UNEASE IN CHINA’S LEADERSHIP. COMMUNIST DICTATORSHIPS HAVE A VERY HARD TIME ADJUSTING TO INTERNAL CRITICISM. ALL OF THIS IS THE BACKDROP TO THE TRADE FIGHT. IT SURELY STRENGTHENS PRESIDENT TRUMP’S NEGOTIATING POSITION. HE’S PLAYING A STRONG HAND. THINGS ARE GOING HIS WAY. NOT SO WITH XI JINPING.

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