Hong Kong shares have tumbled more than 5 percent on global cues as well as its internal security laws on Hong kong, dealing a blow to the regions autonomy as Beijing seeks to stamp out widespread pro democracy protests challenging the leader Xi Jinping. With neither the protestors nor the Government backing down its tough times ahead for Hongkong.As the protests enter third month the Government nor the protestors are willing to back down. Violent means of the protestors and demonstrators are taking to the streets. Beijing can wither crush Hong Kong on its 10 trillion dollar financial capital or they can defy everything what their Government stands for.
Under President Xi Jinping, China seems to have become tired of this charade.The re election in of a China sceptic president has convinced Chinas rules that the chances of a peaceful unification re vanishingly small. This is the most violent violation of One Country two systems rule, As china had agrees that that Hong Kong would enjoy a higher degree of autonomy.
Hong Kong is a global hub as it is next to the Chinese main land. Also it enjoys the rule of law. Impartial business dispute settlement by rules known in advance is what made Hong Kong a viable financial hub in the past. Also Hong Kong based companies manage to pull in more than USD 10 Trillion Dollars in Investment every year. If Chinas unaccountable forces are free to impose the party's whims in Hong Kong it will be less than a viable place for investors hence forth.
Under President Xi Jinping, China seems to have become tired of this charade.The re election in of a China sceptic president has convinced Chinas rules that the chances of a peaceful unification re vanishingly small. This is the most violent violation of One Country two systems rule, As china had agrees that that Hong Kong would enjoy a higher degree of autonomy.
Hong Kong is a global hub as it is next to the Chinese main land. Also it enjoys the rule of law. Impartial business dispute settlement by rules known in advance is what made Hong Kong a viable financial hub in the past. Also Hong Kong based companies manage to pull in more than USD 10 Trillion Dollars in Investment every year. If Chinas unaccountable forces are free to impose the party's whims in Hong Kong it will be less than a viable place for investors hence forth.
Comments
Post a Comment