CHINA DELIVERS HONG KONG'S EXISTENTIAL MOMENT
William Pesek
Protesters occupy two main highways near the government headquarters in Hong Kong on June 12, 2019. Photo: AFP/Anthony Wallace
Is Fortune magazine finally right about Hong Kong’s demise?
In June 1995, the fabled business publication raised this most provocative of questions with a “Death of Hong Kong” cover story. It explored how the city’s return to Communist Chinese rule two years later, in July 1997, might wreck the “world’s most aggressively pro-business economy.”
Since then, the Hong Kong elite and expat bankers have reveled in Fortune’s spectacular misfire. Yet the events of recent days highlight troubling dynamics that the magazine – and others, surely – feared two decades ago.
In particular, the controversial extradition law Beijing is ......
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https://www.asiatimes.com/2019/06/article/china-delivers-hong-kongs-existential-moment/