antiterror13
Brigadier
Yeah I'm wondering the same thing. Why put fuel on the fire right now?
But then I thought it would be a strategic mistake or a necessary move depending on how you look at it.
Obviously the west will pounce on this issue hard. But if China doesn't push this law now, HK legislation is up for elections in September and we know that the pro democracy camp and the west will fight hard to get those seats, if they get it, there will be a more independence leaning govt in HK affecting Chinese interests. Thus this needed to be done beforehand.
Secondly, with most of the world embroiled in coronovirus, economies are getting hit hard. China's economy seems to be the first on its way to recovering, they have the most 'relative' advantage versus the US and EU. Pushing this through now may make it harder for those other counties to enact economic retaliation.
The US can take away HK special status at any time but given that China economy is relatively stronger, it may not change investment in HK that much so it could be more symbolic and psychological than substance. US can't tariff China anymore due to the phase 1 deal and they need China to buy farm products especially after coronovirus. If US initiate more tarriffs then they break the deal and China will stop buying US producrs. US can certainly use the money right now.
US has already put a lot of pressure on China tech companies. US can't start a war for HK. So from china's POV, this maybe the best, and necessary time to push this through.
yeahh and doesn't matter what China do, the US would always "attack" China of anything ..... so nothing to lose here
Also during C-19, most countries would need China (vaccine, medical supplies, etc) and China is very much "free" of C-19 right now
Xi has declared that Chinese vaccine would be 'Global Public Good', it means , it would be affordable to anybody. All C-19 vaccine wouldn't be necessarily made in China ... but with Chinese IP and FREE ... and this is a big statement from China
On the other hand, Trump has stated that the vaccine is only for the US
I think China will get the working C-19 vaccine first
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