Hong Kong’s security law is going to devastate its economy
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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
#2The sad fact of the matter is that Xi has already calculated that and deemed it an acceptable loss in the name of "national security."
Re: Hong Kong’s security law is going to devastate its economy
#3If anything, doesn't that strengthen China's hand?
More reliance on the mainland for jobs and handouts, more protests and counter protests so they can justify additional crackdowns. Less westerners and less international firms, less exposure to the West.
Feels like a calculated move.
Re: Hong Kong’s security law is going to devastate its economy
#4I 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.
Aside from the symbolism, can someone enlighten me why they have practical, real worries that this is going to cause some massive political or social change over there? Or whether companies will really shy away from doing business when they already face laws like this elsewhere? Or that the economy there is going to dry up because of this?
[1] https://en.wikipedia.org/wiki/National_People%27s_Congress_D...
Re: Hong Kong’s security law is going to devastate its economy
#5I rather imagine that was the idea.
Re: Hong Kong’s security law is going to devastate its economy
#6I 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 will cause massive social change because all the headlines said so. Most people won't read the original law, they only read the media's story.
Re: Hong Kong’s security law is going to devastate its economy
#7Related: 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 Department is required by the Hong Kong Policy Act to assess the autonomy of the territory from China. It certified to Congress on Thursday that Hong Kong is no longer autonomous."
Re: Hong Kong’s security law is going to devastate its economy
#8And 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.
Re: Hong Kong’s security law is going to devastate its economy
#9And 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
Re: Hong Kong’s security law is going to devastate its economy
#10And 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.
How convenient for the Chinese government, huh? It’s almost like this Pandemic came at a perfect time for them.