Faisal Islam Profile picture
Jan 17 4 tweets 2 min read
First foreign speech from top Chinese official since the momentous Congress last year, VP Liu Hei coming to #wef23 with what appears conciliatory message direct from Xi…

“Have to abandon the Cold War mentality… an equitable international economic order must be protected”…
Hei says:
“will work with international community on debt sustainability of emerging economies, & stick to international commitments on climate change (carbon peak before 2030 and neutrality by 2060)
must promote “positive sum games” and “work together to promote world peace”
On Covid situation, Hei:
“We are shifting our focus from dynamic zero covid” to managing Covid as a class B infectious disease - “a signal of reopening”.

“China has passed infection peak…, this years spring festival will see 5bn trips
Life has been restored to normal in China”
Hei then invites everyone to China to visit (albeit with 48hr Covid test)… things have been normalised, he says. #wef23

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Faisal Islam

Faisal Islam Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @faisalislam

Jan 18
NEW …

At Davos I asked head of ILO, UN workers rights agency routinely cited by Government in support of its anti-strike legislation, if it supported the moves…

A: “not aware of any bilateral discussions”.. “v worried workers having to accept situations” under job loss threat
ILO DG Gilbert Hungbou told me at #WEF23 it did not want to interfere in national discussions, but said unions could file a complaint against the Government on adherence to its international workers rights convention, and it was already in conversations about that Image
… And then fairly extraordinarily… President Biden’s Labour Secretary (former union leader Marty Walsh) sat next to ILO DG suggested I ask him same q…
Q: does America support minimum service agreements?
A: “No…. I will not support anything that would take away from workers”. Image
Read 6 tweets
Jan 17
Morning from WEF:

The green trade row dividing the Davos elite

- European CEOs tell me Biden’s green subsidies are tempting them to move production
- European leaders v concerned, will respond
- US not clear on response
- questions for UK strategy here bbc.co.uk/news/business-…
British Volt collapse obv of deep concern locally where promise had been thousands of good jobs in a key growth area…

bigger point is this though - UK really needs to have started building 4 of these battery plants to sustain current size of car industry… market is unconvinced
The “Global Britain” strategy was never about the car industry really -but if better pro-innovation regulation, and looking beyond Europe would have worked here, Tesla would have opened up here, were massively wooed, but Musk chose Berlin instead, (& publicly cited Brexit factor)
Read 5 tweets
Jan 4
PM Rishi Sunak addresses country in New Year speech from Olympic Park in Stratford…

Says wants to provide “relief and peace of mind” for the months to come…

Says he wants “reasonable dialogue with unions” will soon update on “next steps”
PM makes “five promises” including:

- halving inflation this year - though this is already forecast (actually a bit more) by the Bank of England and OBR by year end.

“Growing the economy” and “falling debt” too but they do not have the calendar year timeframe attached..
The fourth promise is that NHS waiting lists will fall (they are currently at a record high of 7.2 million)

And fifth promise is to “pass new laws” to stop small boats - though tellingly not a target on numbers
Read 10 tweets
Dec 28, 2022
Quite the 2022 for Tesla…

Worth $1.24 trillion on Jan 3rd, at $400 share price
Now $0.344 trn today, at $109… down 73%.

a loss of $900bn in value, or over 20 times Musk’s valuation of Twitter, or 54m Bitcoin (current value), or 12 trillion doge.
Musk below engaged with concerned investors, explaining that rising interest rates were leading to a repricing of stocks… which didnt explain Tesla’s specific underperformance…

During the pandemic Tesla did much better than many of the leading car manufacturers during the chip shortage, for example, by using a software solution and rewriting code for different chips… part of the reason its share price accelerated so much last year…
Read 7 tweets
Dec 12, 2022
NEW

Chancellor Jeremy Hunt tells me economy is “likely to get worse before it gets better” and “I dont know whether inflation has peaked or not”.

On strikes he says “we completely understand why people are angry” about pay packets but he doesn’t want to “lock in” high inflation
Chancellor when asked if the pay review body is really independent when the Treasury sets an overall remit says “we do have to recognise that there is a genuine dilemma” and that “people are finding it very difficult”
Do you accept that for a public sector worker facing 10% rates of inflation - it's not militant to ask merely for pay to match the current extraordinary rates of inflation?

Hunt: “Well, I accept it's a totally sincerely held position.“
Read 4 tweets
Nov 25, 2022
If the US loses, then POTUS has to sign an Executive Order acknowledging it’s not “soccer” it’s football.

#ENGUSA
Since I tweeted this the US have been all over us… #twittercurse
Shawberto nutmeg…
Read 7 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(