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China prepares its army

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
The military must work harder to meet President Xi’s standards.

Earlier today, Chinese President Xi Jinping stated that his country would hasten the preparedness for armed combat and improve the country's army ability to carry military tasks. He believes that the army should also explore new and alternative ways of training, as the pandemic had an impact on national security.  

The timing of such an announcement is strange, as China is now confronted with protests in Hong Kong. A few days ago, people were fired gas and watered, and the police arrested more than 180 people.

The market reacted accordingly to the news, with HongKong45 gaining 1.8%. Gold fell 0.6% to $1,725.85 per ounce. Oil gained 2.6% to $34.12 per barrel, while Brent Oil added 1.6% to $36.09.   

Sources: forexfactory.com, reuters.com, investing.com


This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.