Australian Financial Guru With Ties to China Calls Media Reaction to Chinese Surveillance Balloon “Hysteria”

Chi­na Dai­ly, an Eng­lish-lan­guage news­pa­per owned by the Cen­tral Pro­pa­gan­da Depart­ment of the Chi­nese Com­mu­nist Par­ty, has post­ed an arti­cle titled “West­’s ver­sions of bal­loon sto­ry don’t stack up.” Accord­ing to the article:

Feb­ru­ary 8, 2023  The Unit­ed States mus­tered its arse­nal of anti-Chi­nese tropes and its Air Force to shoot down a bal­loon. It has all the char­ac­ter­is­tics of an incred­i­ble vic­to­ry for those forces that opposed Sec­re­tary of State Antony Blinken’s plan to vis­it Chi­na. A few details regard­ing the bal­loon are appar­ent­ly incon­tro­vert­ible. It was launched from Chi­na. It moved at near-stratos­pher­ic lev­els, well above com­mer­cial air­space. At least for some of its jour­ney, it was under some lev­el of nav­i­ga­tion­al con­trol. The bal­loon, eas­i­ly spot­ted by civil­ians from the ground, was quick­ly labeled a sus­pect­ed spy oper­a­tion, and just as quick­ly attrib­uted to China.

Read the rest here.

The arti­cle was authored by Daryl Gup­py, whom the arti­cle describes as “an inter­na­tion­al finan­cial tech­ni­cal ana­lyst and a nation­al board mem­ber of the Aus­tralia Chi­na Busi­ness Council.”

Gup­py is best known as a finan­cial colum­nist and author of books on stock mar­ket trad­ing tech­niques. In 2018, his web­site described him as one of two for­eign­ers to par­tic­i­pate in the 2005 Chi­nese mar­ket out­look con­fer­ence in Bei­jing, which was broad­cast through­out Chi­na, and a keynote speak­er at the 2007 Chi­na Cap­i­tal Mar­kets Invest­ment Forum. In Jan­u­ary of this year, Cam­bo­di­an media report­ed Gup­py was one of six inter­na­tion­al jour­nal­ists and ‘econ­o­mists’ who par­tic­i­pat­ed in an online forum spon­sored by CGTN, a state-run Eng­lish-lan­guage news chan­nel also under the con­trol of the Cen­tral Pro­pa­gan­da Depart­ment of the Chi­nese Com­mu­nist Par­ty. The forum top­ic was Chi­na’s COVID-19 pol­i­cy adjust­ments and the out­look for the inter­na­tion­al com­mu­ni­ty. The forum report­ed­ly concluded:

The con­sen­sus: The world is chang­ing, and the inter­na­tion­al com­mu­ni­ty needs to embrace a mul­ti­po­lar world and reshapes glob­al­iza­tion in this new real­i­ty with a prag­mat­ic approach.

Gup­py was quot­ed in the Cam­bo­di­an media report as saying:

 …the first and most dif­fi­cult step is to put aside those aspi­ra­tions for hege­mo­ny. We are mov­ing into a mul­ti­po­lar world. The insti­tu­tions of glob­al gov­ern­ments need to rec­og­nize these changes. ” The Unit­ed States may feel some dis­com­fort in this process, but “glob­al­iza­tion is unstop­pable,” Gup­py asserted.