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Hong Kong’s security law is going to devastate its economy

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Re: Hong Kong’s security law is going to devastate its economy

#11
post #9
post #8

And the real losers in this fight here are Hongkongese citizens, who fought for their freedom and ultimately are losing it, on top of facing an economic crisis.

yeah, hopefully they just move to taiwan

Or the UK, or really anywhere else outside of CCP control.

Re: Hong Kong’s security law is going to devastate its economy

#12

I read all these headlines, but when I then followup to read more about the text of the proposed laws [1], I have a hard time seeing that aside from freedom of speech infringements (and ability to imprison, fine based on those -- which are clearly a bit vague in terms of enforcement, but otherwise as bland as a lot of US legislation), these laws are not egregiously different from what exist in some other countries. A…

There's a reason businesses use Hong Kong as a home base to access the Chinese market and that reason is the legal system. Hong Kong is like the Delaware of China - an established and reliable system that protects business interests. It's fair, it's transparent, and it's predictable. None of those things can be said about China's legal system.

Re: Hong Kong’s security law is going to devastate its economy

#13

I read all these headlines, but when I then followup to read more about the text of the proposed laws [1], I have a hard time seeing that aside from freedom of speech infringements (and ability to imprison, fine based on those -- which are clearly a bit vague in terms of enforcement, but otherwise as bland as a lot of US legislation), these laws are not egregiously different from what exist in some other countries. A…

The special treatment that Hong Kong gets from various other nations, treatment different from mainland China, is dependent on Hong Kong being viewed as autonomous. The laws in the territory aren’t really the point, what matters is the source of those laws (Beijing as opposed to truly local efforts).

Re: Hong Kong’s security law is going to devastate its economy

#14
post #8

And the real losers in this fight here are Hongkongese citizens, who fought for their freedom and ultimately are losing it, on top of facing an economic crisis.

As I genuinely asked in my comment separately in the thread, what practical freedoms are being lost by the everyday person in Hong Kong that would not be considered crimes in the US (or Hong Kong prior to this), for example?

Re: Hong Kong’s security law is going to devastate its economy

#15
post #7

Related: https://www.wsj.com/articles/u-s-officially-declares-that-ho... "U.S. Officially Declares That Hong Kong Is No Longer Autonomous WASHINGTON—The State Department has officially determined that Hong Kong is no longer autonomous from China, Secretary of State Mike Pompeo said in a statement Wednesday that holds implications for the future of economic ties and could lead to sanctions against China. The State Dep…

Besides sanctions, what other implications would this declaration realistically have?

Re: Hong Kong’s security law is going to devastate its economy

#16
post #8

And the real losers in this fight here are Hongkongese citizens, who fought for their freedom and ultimately are losing it, on top of facing an economic crisis.

As I genuinely asked in my comment separately in the thread, what practical freedoms are being lost by the everyday person in Hong Kong that would not be considered crimes in the US (or Hong Kong prior to this), for example?

The freedom to not have China dictate it's laws.

Re: Hong Kong’s security law is going to devastate its economy

#17
post #15
post #7

Related: https://www.wsj.com/articles/u-s-officially-declares-that-ho... "U.S. Officially Declares That Hong Kong Is No Longer Autonomous WASHINGTON—The State Department has officially determined that Hong Kong is no longer autonomous from China, Secretary of State Mike Pompeo said in a statement Wednesday that holds implications for the future of economic ties and could lead to sanctions against China. The State Dep…

Besides sanctions, what other implications would this declaration realistically have?

Previously, Hong Kong had a status that let it trade with the US under terms very different from those mainland China is subject to.

Clear consequences have not, as near as I can tell, be spelled out yet. The gist is that US trade policy will stop privileging HK. US/HK trade seems to be something like $66 Billion a year, so this is potentially a major thing.

Re: Hong Kong’s security law is going to devastate its economy

#18

I read all these headlines, but when I then followup to read more about the text of the proposed laws [1], I have a hard time seeing that aside from freedom of speech infringements (and ability to imprison, fine based on those -- which are clearly a bit vague in terms of enforcement, but otherwise as bland as a lot of US legislation), these laws are not egregiously different from what exist in some other countries. A…

This law, if implemented fully, will effectively demolish the “one country, two systems” agreement, which has been the basis of Hong Kong’s stability and success for the last 23 years. The Beijing government is pulling out of their side of the deal they made in 1997. What will happen next is not something I can predict, but history shows us some of the things that can happen when communist parties impose their rule onto a new territory. Usually it’s not good for business.

Re: Hong Kong’s security law is going to devastate its economy

#19
post #9
post #8

And the real losers in this fight here are Hongkongese citizens, who fought for their freedom and ultimately are losing it, on top of facing an economic crisis.

yeah, hopefully they just move to taiwan

The smart ones already moved out in 1997 to Hongkouver. The ones left in HK are those without the money or skills to emigrate.

Re: Hong Kong’s security law is going to devastate its economy

#20

I read all these headlines, but when I then followup to read more about the text of the proposed laws [1], I have a hard time seeing that aside from freedom of speech infringements (and ability to imprison, fine based on those -- which are clearly a bit vague in terms of enforcement, but otherwise as bland as a lot of US legislation), these laws are not egregiously different from what exist in some other countries. A…

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