COMMENTARY: China can live with a less special HongKong
Some, in any case, consists of Chinese funds that leave and return dressed up as foreign money to get tax perks and other benefits. That transfer of value from the many to the few is hard to defend.
Politically, maybe the most important contribution Hong Kong's freedom makes is to serve as a tentative advertisement to Taiwan, the independently governed state China would like to reabsorb. Being positioned outside China's capital controls remains one of Hong Kong's important attractions. Beijing hasn't worked out how to turn mainland cities like Shanghai and Shenzhen into gateway regions, because of contradictory policy initiatives - on one hand, a drive to open up and attract foreign capital and knowledge, and on the other, a desire to keep capital and media controls intact.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump strips Hong Kong privileges, curbs students in volley on ChinaPresident Donald Trump said Friday that the United States will restrict Chinese students and start reversing Hong Kong's special status in customs ...
Read more »
In broadside against China, Trump moves toward ending Hong Kong privileges[WASHINGTON/HONG KONG] President Donald Trump on Friday ordered his administration to begin the process of eliminating special US treatment for Hong Kong to punish China, but stopped short of an immediate end to the territory's cherished privileges that have helped it remain a global financial centre. Read more at The Business Times.
Read more »
US moves over Hong Kong further fray China ties, but may have limited effect on BeijingWASHINGTON - Relations between China and the United States took a turn for the worse on Friday (May 29) when President Donald Trump announced a series of measures intended to exact a price from Beijing for changing the status quo in Hong Kong.. Read more at straitstimes.com.
Read more »
China says will counter any US actions over Hong Kong BillBEIJING: China said on Friday (May 29) it will take any necessary countermeasures if the United States insists on interfering in Beijing's ...
Read more »
Hong Kong media tycoon Jimmy Lai vows to stay and 'fight' China, backs US pressureHONG KONG (REUTERS) - Embattled Hong Kong publishing tycoon Jimmy Lai - one of the financial hub's most prominent democracy activists - said on Friday (May 29) he would fight till the last against Beijing's imposition of national security laws and keep publishing.. Read more at straitstimes.com.
Read more »
China sanctions not solution to Hong Kong crisis: European UnionBRUSSELS: The European Union said on Friday (May 29) that China's imposition of a security law on Hong Kong had damaged ties with Beijing, but ...
Read more »