China’s new Hong Kong legislation shows how national security has become a part of the state’s economic arsenal, says an observer.
POLITICAL STABILITY ESSENTIAL FOR ECONOMIC SUCCESS
A man walks out of the Stock Exchange of Hong Kong offices in the Central district of Hong Kong on Sep 11, 2019. “One Country Two Systems”, intended to preserve Hong Kong’s autonomy in domestic governance, has allowed Beijing to leverage Hong Kong’s advantages as a liberal financial market. Several liberal-market economies have introduced tougher national security provisions to screen for foreign investment, including Australia, the United States, the European Union and Canada.
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