Just watch trump press conference He would restrict Chinese graduate student access to university He will review and treat Hongkong the same as mainland. I guess those people who are rioting happy now Because soon there will be even less employment for them
China won't be affected much as Shanghai is the new financial center of China and even profited becasue she will get windfall of hundred qualified graduate student
But China need to take counter punch and retaliate otherwise they will be the punching bag Those mandarin need to stiffen their back. forget about win win exhortation and live with zero sum game
It is only "fair" that the US revokes special privileges for Hong Kong. With the introduction of national security law in Hong Kong, the US can no long manipulates and creates chaos in Hong Kong to destabilize China. With Hong Kong no longer of any value to the US, why grant her special privileges ?
Foreign companies did not set up shops in Hong Kong because there is money to be made in Japan, Korea, Taiwan, ASEAN countries, or even Hong Kong. They moved there because there is money to be made from China. Now that Hong Kong is treated no different from China, these companies might as well move to China where the money is. Hong Kong's loss will be China's gain.
Furthermore, there is an added benefit (for China) that Hong Kong will now be directly dependent on China, instead of indirectly (as the gateway to China), for her economic well being. This will force Hong Kong to integrate better with China. Hong Kong has been lukewarm towards the Greater Bay Area Initiative. Now expect her to fully embrace it. Hong Kong has 3 top notch universities, and many quality people and infrastructure. It will not take long for her to reinvent herself and move away from an highly real estate dependent economy, and contributes to and shares in China's prosperity.
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