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The friend of my enemy is my enemy

Chew Sutat
Chew Sutat3/24/2022 01:23 PM GMT+08  • 7 min read
The friend of my enemy is my enemy
A Hong Kong hiker taking in the view of Shenzhen in the distance. Investors were jubilant by China’s signal that it will support the markets / Bloomberg
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“Can you help me fight your friend so that I can concentrate on fighting you later?”

CGTN anchor Liu Xin on March 19, summarising President Joe Biden’s request of President Xi Jinping.

As pointed out in a previous edition of this column, “We are the World” (Issue 1026, March 14), Chinese equities were being sideswiped because of the country’s stance to support Russia’s “special military operation”. The markets in China and Hong Kong gave up the gains and failed to live up to their early January and February winnings. The sell-off that followed left these markets precariously on a precipice.

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