by Bites off nose to spite face. ?The West needs favored access to Hong Kong much more than China. That did not used to be case, but the importance of Hong Kong to China has declined dramatically. The result of this will be the gradual decline of Hong Kong as a player and the rise of mainland Chinese trading and financial centers.More significantly, China has shut the door to easy access by foreign intelligence and political influencers.In the longer run, rupture from the West will be beneficial to Hong Kong, since most Hong Kongers' problems result from its colonial past that favors the remnant of that past. This is passing into history. Zero HedgeWilbur Ross Says US Revokes Hong Kong's Special Status Tyler Durden
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Robert Vienneau writes Austrian Capital Theory And Triple-Switching In The Corn-Tractor Model
Mike Norman writes The Accursed Tariffs — NeilW
Mike Norman writes IRS has agreed to share migrants’ tax information with ICE
Mike Norman writes Trump’s “Liberation Day”: Another PR Gag, or Global Reorientation Turning Point? — Simplicius
The West needs favored access to Hong Kong much more than China. That did not used to be case, but the importance of Hong Kong to China has declined dramatically. The result of this will be the gradual decline of Hong Kong as a player and the rise of mainland Chinese trading and financial centers.
More significantly, China has shut the door to easy access by foreign intelligence and political influencers.
In the longer run, rupture from the West will be beneficial to Hong Kong, since most Hong Kongers' problems result from its colonial past that favors the remnant of that past. This is passing into history.
Wilbur Ross Says US Revokes Hong Kong's Special Status
Tyler Durden