Title : China's Hong Kong Policy Is A Disaster
link : China's Hong Kong Policy Is A Disaster
China's Hong Kong Policy Is A Disaster
Police officers prepare to disperse a protest against the extradition bill in Hong Kong on June 12. As the China-US economic cold war escalates, and rising regulatory hurdles make it harder for Chinese companies to raise capital in the US, Hong Kong will become immensely valuable to China as an offshore financial centre. Photo: DPA
Minxin Pei, SCMP: The US could make Hong Kong – and China – pay an economic price for the extradition bill
* The US-Hong Kong Policy Act has teeth to deter China from violating its commitment to ‘one country, two systems’ in Hong Kong. Beijing needs to remember Hong Kong’s value as a financial centre, especially as the trade war drags on
The likely passage of Hong Kong's controversial extradition law will irrevocably tarnish the city's rule of law and its attractiveness as an international commercial hub. Unless China’s leaders are prepared to accept these disastrous consequences, they should withdraw the bill before it is too late.
WASHINGTON, DC – The world has been riveted by the protests raging in Hong Kong against the city government’s proposed law to allow the extradition of criminal suspects to mainland China. About one million people – roughly one-seventh of the former British colony’s population – took to the streets on June 9 to denounce the draft law, and another large protest on June 12 resulted in violent clashes between demonstrators and police.
Yet, despite the massive protests, the Chinese government is determined to get its way. Instead of withdrawing the proposed law, Hong Kong’s Beijing-controlled leaders have fast-tracked the bill and scheduled it for a vote in the city’s Legislative Council at the end of this month. Its adoption would be a calamity not only for Hong Kong, but also for China.
Read more ....
WNU Editor: One of my golden rules is the following .... if it works don't fix it. In the case of China and Hong Kong, this relationship has been incredibly prosperous. Why China decided to upset the status quo right now and put this important Chinese financial hub at risk is beyond me. But we are now at the point where Chinese President Xi cannot back down, for backing down would mean losing face and a signal to his opponents that he is vulnerable. As a result of China's internal politics, I expect this extradition bill (or some form of it) to be passed in the future, and with it's passage greater scrutiny from the U.S. and others on the special status that they give Hong Kong. This is a lose-lose position for President Xi in every way, and a revelation that he and his closest advisers are capable of making incredibly short-sighted and stupid mistakes.
Thus Article China's Hong Kong Policy Is A Disaster
That's an article China's Hong Kong Policy Is A Disaster This time, hopefully can give benefits to all of you. well, see you in posting other articles.
You are now reading the article China's Hong Kong Policy Is A Disaster with the link address https://todaysand.blogspot.com/2019/06/chinas-hong-kong-policy-is-disaster.html
0 Response to "China's Hong Kong Policy Is A Disaster"
Post a Comment