This is basically my interpretation of the Joint Declaration:
When you were a skinny pimply-faced 16 year old, a thug car-jacked you and told you if you want your car back, you pay him $100 a month for the next 30 years and he'll give it back to you. Seeing no other option, you sign a contract with him and get your car back. 10 years into it, you are now a 26 year old 280 pound professional MMA fighter who could shove the thug into a locker while texting your girlfriend with your other hand. Are you still gonna keep paying the thug his monthly extortion money which you "agreed" to?
I wouldn't.
That's not far of the mark as you think. (I know its a joke kind of way).
Let me explaine.
Just before Hong Kong were due to be return to China, Britain thought long and hard on how to squeeze one last drop of gold from Hong Kong!
Then, hey presto. The airport project was devised. Much to the annoyance of the Chinese.
This project squeeze so much money out of Hong Kong, in fact Hong Kong people still paying for it now.
I was working in London at that time, I have a friend that run an employment agency in Kingston, London. The amount he and his cohort is raking in you wont believe. He keep telling me its thanks to Hong Kong that he was able to buy his house outright!
He supply all labour to the airport project. And all the finance was raised in. London, meaning they are still reaping the reward on the repayment on the loan.
HSBC make so much money then, and all through 150 years of operating in Hong Kong, upsticks and move to the UK just before the handover.
This is why, you wont see me banking with HSBC in the UK.