3/ More so than most domains in Asia, the Indian Ocean is geopolitically up for grabs, with plenty of room for both China and the China-sceptic grouping of India, US, Japan, Australia et al to build new economic and military relationships.
#Asia : Noon: China kept its 1Y & 5Y lending prime rate unchanged at 3.85% & 4.65% resp. In S.Korea, Kia Motors soared 6% as the firm is looking for EV projects with different firms. Japan Bank, Insurance, Transport shares↓ #XJO +0.41 #Nikkei -0.49 #SSE +0.03%. $AUD ↑.
Japan may be buffeted by China in digital field amid economic slump
Total global reported #COVID19 cases now 95 million Up 514k of which US +142k, EU+UK +178k, China +225 Europe, UK, US, Japan & Canada have seen new cases slow a bit...lockdowns helping China seeing new cases head up - albeit from a low base. Lockdowns are likely to limit it
China gets 91% of its Oil from the Straight, Japan 62%, & many other countries likewise. So why are we protecting the shipping lanes for other countries (many years) for zero compensation. All of these countries should be protecting their own ships on what has always been....
I will be going to Austin, Texas. Leaving soon. Always like (love!) being in the Lone Star State. Speaking to our great Farmers. They hit “paydirt” with our incredible new Trade Deals: CHINA, JAPAN, MEXICO, CANADA, SOUTH KOREA, and many others!
China was incredible...but now in Japan and got my twitter back