{"id":6060,"date":"2021-09-12T15:31:31","date_gmt":"2021-09-12T15:31:31","guid":{"rendered":"http:\/\/lonecandle.com\/?p=6060"},"modified":"2021-09-12T15:31:31","modified_gmt":"2021-09-12T15:31:31","slug":"will-chinas-national-security-law-break-hong-kong-as-a-business-hub","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=6060","title":{"rendered":"Will China\u2019s national security law break Hong Kong as a business hub?"},"content":{"rendered":"\n

\n\n“The Biden administration in July issued a warning to US companies<\/a>: Doing business in Hong Kong is increasingly risky. The advisory, released jointly by the departments of State, Treasury, Commerce, and Homeland Security, was basically a giant red flag cautioning companies and investors against the complications that are emerging under China\u2019s national security law<\/a>.<\/p>\n\n\n\n

China imposed the sweeping legislation a little more than a year ago. It has since stifled<\/a> Hong Kong\u2019s pro-democracy movement<\/a> and undermined its autonomy<\/a>, rule of law<\/a>, and free speech<\/a> traditions.<\/p>\n\n\n\n

This tenuous political climate has shaken Hong Kong, but it has not yet upended its status as a global financial capital<\/a>. The United States\u2019s advisory is recognition that this might change as China continues its crackdown in the territory. International businesses \u2014 and their employees \u2014 could soon find themselves entangled in national security law enforcement.”<\/p>\n\n\n\n

…<\/p>\n\n\n\n

“China, for its part, is banking that Hong Kong\u2019s infrastructure and economic climate will still make it a destination for foreign businesses in Asia despite the crackdown. After all, trade wars, tense Washington-Beijing relations, Beijing\u2019s atrocious human rights record, and US sanctionshave yet to stopmost US firms from doing business in mainland China. And that may keep Hong Kong\u2019s economic might intact while doing little to stop its democracy from crumbling.”<\/p>\n\n\n\n

https:\/\/www.vox.com\/22605703\/hong-kong-national-security-law-china-finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

“The Biden administration in July issued a warning to US companies: Doing business in Hong Kong is increasingly risky. The advisory, released jointly by the departments of State, Treasury, Commerce, and Homeland Security, was basically a giant red flag cautioning companies and investors against the complications that are emerging under China\u2019s national security law.<\/p>\n

China imposed the sweeping legislation a little more than a year ago. It has since stifled Hong Kong\u2019s pro-democracy movement and undermined its autonomy, rule of law, and free speech traditions.<\/p>\n

This tenuous political climate has shaken Hong Kong, but it has not yet upended its status as a global financial capital. The United States\u2019s advisory is recognition that this might change as China continues its crackdown in the territory. International businesses \u2014 and their employees \u2014 could soon find themselves entangled in national security law enforcement.”<\/p>\n

…<\/p>\n

“China, for its part, is banking that Hong Kong\u2019s infrastructure and economic climate will still make it a destination for foreign businesses in Asia despite the crackdown. After all, trade wars, tense Washington-Beijing relations, Beijing\u2019s atrocious human rights record, and US sanctions have yet to stop most US firms from doing business in mainland China. And that may keep Hong Kong\u2019s economic might intact while doing little to stop its democracy from crumbling.”<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[89,431,660,217,165,581,661],"class_list":["post-6060","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-china","tag-democracy","tag-dictatorship","tag-economics","tag-economy","tag-hong-kong","tag-tyranny"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/6060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6060"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/6060\/revisions"}],"predecessor-version":[{"id":6061,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/6060\/revisions\/6061"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}