Make no mistake about it, Hong Kong remains a key variable in the trade war.
. He says that if China’s police or military units ever rolled into Hong Kong, the locals would almost certainly treat it as an invasion.
Those “catastrophic consequences” are not a fight with equally armed Hong Kong military. It’s how the U.S. responds to all this that matters most. An American named Joey Gibson from Washington raises the American flag at a Hong Kong protest way back in January. Protests are basically demanding Hong Kong separate from China. Or China becomes more like Hong Kong. Where does it end?For now, Chinese leader Xi Jinping is allowing Lam to manage the outcome herself. Of note, pro-Beijing Legislative Council member Michael Tien has been urging accommodation on senior Chinese officials, lobbying for patience.
The perceived need by Lam and Xi to impose “law and order” comes with the risk of the potential for martial law in Hong Kong. As the protests continue, the increasing odds of violent skirmishes between the two sides increases trade risk.
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