Weekly

U.S. National Security Adviser O 'Brien said that Beijing's drafting of the Hong Kong version of the national security law may lead to U.S. sanctions because once Beijing successfully bypasses Hong Kong legislation, a precedent will be set.

It seems that Beijing will basically take over Hong Kong and threaten Hong Kong's status as a financial center.  In addition, EU representative borrell said that Asia is replacing the United States as the center of world power.

The EU should adopt a firmer strategy towards China.  Borrell said that the epidemic could be seen as a turning point for power to shift from the west to the east.

However, the current relationship between the EU and China is not always based on "trust, transparency and reciprocity".  He called on the EU to deal with China with common discipline and to establish better relations with other democratic regions in Asia.

Suggested to join the containment of China.  As oil prices rise, the market expects crude oil demand to rise as countries gradually restart their economies, but investors are still focusing on the development of Sino-US relations.  New york oil closed at $33.80 a barrel.

Gold prices were subdued, with a full-day volatility of only US$ 7, closing at US$ 1726 up less than US$ 1.  At a time when fears of a pandemic are beginning to fade, rising tensions between China and the United States have increased geopolitical uncertainty.

The economy hit hard by the epidemic has finally reopened, and the global market is hesitating under the mutual pull of these two factors.   

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