China repeats that Hong Kong is part of its internal affairs, no other country has the right to intervene

Comments by the Chinese foreign ministry

US-China
  • Says that China opposes US actions, calls it ‘pure nonsense’
  • Urges US to stop frivolous political manoeuvres
China continues to repeat the same message as it has been doing when it comes to Hong Kong and the US, so there’s nothing new in this.
All eyes will now be on US president Trump and his announcement later today. As such, we can expect the market to be more defensive amid the stirred tensions for the time being.

Weekend reports of China incursion into India

Indian media reports over 5,000 Chinese soldiers have intruded at five points into India

Since late in April.
  • in sending thousands of PLA troops three-to-four kilometres into the Galwan Valley, China has violated its own claim line and occupied territory that Beijing itself has traditionally acknowledged to be Indian. 
  • This is not shaping up like a routing patrol confrontation, or even a temporary occupation of disputed territory 
  • This time the PLA soldiers are digging defences, preparing bunkers, moving in heavy vehicles and have reportedly even moved artillery guns to the rear (albeit in their own territory)