But even more ominously, over the border in Shenzen, the Chinese city that lies directly across from Hong Kong, Chinese People's Liberation Army forces were building up ahead of what appears to be a "apparent large-scale exercise," according to the Global Times. "Numerous" armored personnel carriers, trucks and other vehicles of the paramilitary police were seen heading towards Shenzhen over the weekend. That means the long-awaited military intervention from the mainland could be just around the corner - something that the Hong Kong people have condemned.
Yang Guang, spokesman from China’s Hong Kong and Macau Affairs Office, said there should be a crackdown on violence in the city, during a briefing.
"The people who are protesting are not backing down, the Chinese government doesn’t seem to be backing down, so if cooler heads don’t prevail it’s possible things in Hong Kong could get very ugly." Of course, as we listed last night, China has many other headaches on its hands, including trade war, PPI deflation, soaring food inflation, a trade war with the US, and record high debt. Steve Eisman of the Big Short fame said conflict in Hong Kong could further adversely impact the trade war between the U.S. and China and could ripple through the global markets.
https://www.zerohedge.com/news/2019...-hong-kong-airport-chinese-troops-gather
