JL

@QiaoJiaXY GDP is pointless. Median income is better way to understand how economic growth gauging quality of life for average citizens. A country can have high GDP but low medianincome. TW’s GDP growth driven by exports does not translate to better wages, at least not yet. SG, CN the same

台湾一季度 GDP 同比增速 13.69%，创下 39 年以来的最高记录。 名副其实的一家公司养活了一个岛。 台湾人真得好好感谢一下蒋经国，如果不是台积电的话，现在的台湾就啥也不剩了。 借着这波 AI 红利，台湾人至少还能享十年清福。 另外，在台积电衰落之前，不宜统一，和统武统都不宜。

@myanTokenGeek Zero sympathy for the founders. Instead of building a compliant company, they opted for a rapid corp restructuring to make the company palatable to Meta. Singapore washing is pointless, shein and TikTok have proven it. DNA matters more and geopolitics trumps corporate law now.

其实 Manus 这个事挺好的，把线划清楚。国内有国内的打法，你搞一个 AI 公司，想办法搞搞关系，得到地方政府支持，拿各种国资和补贴，媒体上给你造个人设，喊喊爱国口号，最后到 A 股或者港股上市，也不错。至于中美之间的竞争，没个二三十年分不出结果。普通人过好当下就行。

@KELMAND1 Your DNA can't be erased by reincorporation. The only thing Singapore achieved was giving Meta a legal pathway to proceed with the acquisition IF China APPROVES it. There is no truly safe harbor for Chinese founded AI companies, the only options is to be listed in HK or China.

撤销该收购交易意味着金钱和法律状态都必须回到交易发生前的原样。 Meta 必须：收回已支付的约20亿美元；删除所有从Manus获取的数据和技术；终止所有技术授权。 Manus 方面必须：收回核心AI技术和算法模型控制权；完成股权转回和相关主体变更登记。 如果投资方（Benchmark这些）配合，他们需要把已经分配到的资金退还回来，再由 Meta 统一收回。 若投资方不愿或不配合，Meta 则要面临"交易解除了，但钱收不回来"的现实风险。 据现有报道，腾讯、红杉中国、真格基金等曾投资于 Manus 的亚洲投资方，已经计划予以配合，但 Benchmark 到现在还未明确回应。 假设最坏情况：部分投资方已将资金另行使用或拒绝退款，那么可能演变为Meta vs. Manus 前股东Benchmark之间的民事诉讼，取决于并购协议中是否包含监管驳回情况下的解除与资金返还条款。Meta从法律上无法强制Benchmark退款，只能依据SPA条款沟通或诉讼。 至于Manus的创始人会怎么样...与投资人类似，创始人也面临“返还对价”的法律义务。由于交易被定性为“撤销”，而非“一方违约”，这属于因交易基础消失而导致的不当得利返还，双方均须将收到的资产（包括创始人已套现的资金）退回至交易前状态，简单说就是还钱给Meta。

The solar panels destroyed by Israel's army are used to provide the Lebanese town of Debl with electricity, as well as supply power to its water station. The IDF says the actions seen in the video do not align with their values. 🔗 trib.al/PCHqQAT

@MarkSimonHK @Lingling_Wei Valid point. FDI inflows represent a much smaller percentage of the massive China economy nowadays. Impact still matters though, but less critical.

@Lingling_Wei Unpopular view. FDI not as important for China today, certainly not for US. Is there anything of market value that doesn’t get domestically funded anymore? Foreign money is a drag along for both. Knowledge & Technology is what matters, what must cross borders.

A reality check for the debate over Chinese investment in the US: Beijing just showed how quickly they can shut the door on the reverse. The NDRC’s block on the Meta-Manus deal is as clear a statement of intent as you’ll get. Not surprising, but very telling.

@kenw_2 She sounds like an European embodied with the old transatlantic accent, British RP but with American rhythm.

之前不管发谁的英文，都有推友能挑出毛病来，这位老太太的英文应该没人挑刺了吧？

@jlaw520 香港稱呼他們「財經演員」本質都是個人觀點的KOL 中國真正的經濟學家一定是研究政治經濟的 沒有政治背景很難讀懂中國經濟 國情決定的

📈 China’s Trade Hits Record $6.6 Trillion, Surplus Reaches $1.18 Trillion China’s total trade reached $6.61 trillion in the twelve months ending Q1 2026, including $3.90 trillion in exports and $2.72 trillion in imports, resulting in a $1.18 trillion trade surplus. Since the onset of the U.S.–China trade war, China’s exports and trade surplus have expanded rapidly. Between March 2018 and March 2026, exports rose by 67%, while imports increased by 41%. Over the same period, the trade surplus surged by 185%, highlighting a widening gap driven by stronger export growth. #China #trade #exports #imports #TradeDeficit #deficit #TradeWar #tariffs

@OopsGuess LOL Early 1960s marks the pivotal turning point for the HK economy, laboror intensive industries exploded, per capita income tripled. The contrast between China HK during this period is STRIKING. 80% of all investment came from local HK businessmen in the 80s. U have no clues.

You stole it with opium and gunboats. China recovered it with strength. And Hong Kong’s takeoff was never some gift from Britain. It rose because China opened its economy and Hong Kong became the bridge for foreign capital into the mainland. Colonial powers always romanticize theft after the fact.

@STANLEES4 The author is Mark Young of Cetus Maritime? This publication lacks the institutional fact checking infrastructure, just another opinion piece.

什么是好文章，这就是好文章。 open.substack.com/pub/unsettledj…

BREAKING NEWS: Top U.S. Nuclear Chief Caught LEAKING Sensitive National Security Information to Stranger, Reveals Army Chemist Was Exposed to U.S. Chemical Nerve Agent, Confirms U.S. Strike Killed Children in Iran, Discloses U.S. Plans to ‘Kill Iran’s New Supreme Leader’ “If he [Mojtaba Khamenei] doesn't change his ways, yeah, they're [United States] going to kill him.” “The easiest way to get intelligence…send a pretty girl, talk to the guy…I have to resist your eyes.” “Your eyes have mesmerized me so much…Almost like you're an intelligence.” Andrew Hugg, a U.S. Chief of Chemical Nuclear Surety, was caught on hidden camera casually revealing sensitive information to a stranger in a public restaurant. Andrew Hugg, Chief of Chemical Nuclear Surety, in charge of nuclear and chemical safety was caught on hidden camera releasing information regarding the U.S. Nuclear Information. He claims the U.S. still possesses nerve agents and says a U.S. Army chemist recently died from exposure. He also acknowledges U.S. airstrikes have killed children in Iran, calling it “collateral damage,” and revealed to the journalist how nuclear launch decisions are made in real time. Hugg described how the United States could assassinate Iran’s next leader if he “doesn’t change,” while admitting the U.S. has no plans to use nuclear weapons: “We’re not going to nuke anybody.” All of this was casually revealed to an undercover journalist in a restaurant. This raises serious questions about this official's judgment, security, and what’s really happening behind closed doors. We have reached out to the Pentagon and U.S. Army for comment and they are working on a response. @USArmy @DeptofWar

Yesterday, I listened to Elizabeth Rao’s heartbreaking story about losing her mother, Dr. Jane Wu. A dedicated Chinese American scientist, Dr. Wu faced discrimination and racial profiling by her employers, leading her to take her own life. Her death was felt throughout the research community, especially by those of Asian descent who faced unjust scrutiny from Trump's China Initiative. Elizabeth reminded us that there's a human cost to this targeting and that our greatest minds should never have to face this type of ethnic profiling.

Sudan: As Sudan’s civil war enters its fourth year: ▪️More than nine million people remain displaced in Sudan. ▪️29 million face acute hunger. ▪️ The conflict has claimed an estimated 150,000 lives. A humanitarian catastrophe.

I'm leaving Germany | Brutally Honest Review

@BeijingDai You can criticize Israel's policies but don't single out or generalize negatively about any race. This is racist and antisemitic.

Jewish clown makes ugly face in front of armed police soldiers in Shanghai

@RnaudBertrand @DanCollins2011 Not really, he is not one of the academics who have influence on Beijing’s foreign policies, the Tsinghua/Peking and Remin university associated with some thinktanks in Beijing link more directly with policy circles.

Shiping Tang is one of China's most distinguished International Relations scholars (a Professor of International Relations at Fudan University, one of China's best). We might want to pay attention...

@DrJStrategy China has been actively developing the Polar Silk Road initiative to expand artic shipping, primarily focuses on northern sea route which runs along Russia’s coastline from Bering strait to the Barents. The war is a wake up call. Reasonable to be wary about SG’ long term future.

Food for thought. Trump’s Deal With Indonesia: Mahan at the Strait of Malacca Hu Jintao warned China about this moment more than twenty years ago. In 2003, the then Chinese president coined the phrase “Malacca dilemma” to describe a simple, brutal fact: the country’s economic rise depended on foreign oil sailing through a narrow strait that other powers could, in a crisis, choose to close. Most of China’s imported crude and gas still squeezes through that same bottleneck between Indonesia, Malaysia and Singapore. The US has just moved to wire that vulnerability, and it is no accident this is happening on Donald Trump’s watch. Washington’s new Major Defense Cooperation Partnership with Indonesia is being sold in the usual diplomatic euphemisms: capacity building, maritime security, joint training. Strip away the boilerplate and you see something far sharper. The agreement’s focus on maritime domain awareness, subsurface and autonomous systems, and special forces training is about giving Indonesia and by extension the U.S. and its allies, a far richer picture of everything that moves between the Indian Ocean and the South China Sea, and greater ability to shape it in a crisis. As with Trump’s broader Indo‑Pacific posture, this is one more move to reassert the US as the pre‑eminent maritime power of the age, and to ensure China feels that reality every time a tanker clears the Strait. Hu’s “Malacca dilemma” was never only about a single shipping lane. It was about the geometry of China’s energy dependence. Oil from the Gulf and Africa has to arrive by sea. The shortest, cheapest route runs past India, through Malacca and adjacent Indonesian straits, and then up into waters where the U.S. Navy and its partners have operated for decades. A coalition that can see, track and, if necessary, interdict that flow holds a lever over China’s economy that no amount of rhetoric about multipolarity can wish away. More than a century ago, Alfred Thayer Mahan argued that sea power, fleets, chokepoints and maritime commerce, would decide the fate of great powers. The Malacca dilemma is Mahan’s theory rendered in modern energy terms: a continental power whose trade and fuel move by sea lives or dies by access to narrow maritime bottlenecks policed by others. Trump’s Indonesia move is pure Mahan: rather than chasing dominance on land, Washington is tightening its grip on the sea lanes and straits through which China’s economic lifeblood must flow. Beijing has spent two decades trying to escape this trap with pipelines from Central Asia and Russia, a corridor through Myanmar and a “string of pearls” of ports from Gwadar to Djibouti. Yet the volumes tell a less reassuring story: overland routes move at the margin, while the bulk of China’s energy still comes by tanker and still passes through Southeast Asian chokepoints. The dilemma has been managed, not resolved. That is why Indonesia matters. Jakarta insists it is not choosing sides and will continue to balance between Washington and Beijing. It doesn’t have to do more than that for this pact to bite. As Indonesian officers train with American counterparts and integrate U.S.‑supplied surveillance and patrol systems, the operational environment quietly changes. Chinese planners contemplating a crisis over Taiwan, the South China Sea or even a clash around Hormuz now have to assume that traffic through Malacca and its alternatives will unfold under a web of sensors and partnerships that lean, in practice if not in rhetoric, toward Washington. Another move by President Trump, in other words. From rebuilding American shipyards to pouring money into Indo‑Pacific maritime forces, the pattern is clear: the United States intends to remain a maritime superpower, and to make China live with Hu Jintao’s old nightmare instead of escaping it. Mahan would have recognised the logic instantly: in the end, it is the power that commands the sea, and the straits, that sets the terms for everyone else.

@jlaw520 U don’t see left right legislative gridlock, censorship keeps political polarization from spiralling, if political freedom rights aren’t high priorities for you, China offers a practical, convenient n enjoyable life, standout advantages on safety, cost n materials comforts. 😂

No one expected that my situation would even draw the attention of someone as renowned as you. It is precisely these years of living overseas that gave me the chance to grow again in middle age, and to view China from a higher vantage point. This month, after my strong analysis and recommendation, my close friend — a Japanese girl from Keio University in Tokyo — decided to apply this year for a master’s program at Fudan University in Shanghai. I wish her success tomorrow in becoming your fellow alumna.

@wing4T1E999 this looks so weird lol what is wrong with Japan, seriously

宗教儀式だ。 朝鮮カルトの教義侵食と、米国&イスラエル従属。 日本はどこまで堕ちていくつもりか。

@FurkanGozukara Nope, Chinese will negotiate a toll related agreement with Trump.

If Trump closes Straight for Chinese tankers, I think China should bring full army to escort