HONG KONG—U.S. legislation that could strip Hong Kong of preferential trade status if Beijing encroaches on the region’s political freedoms is dividing protesters who fought for it and business groups that fear it paves the way for economically painful measures.
The bill, passed by the House and Senate, calls for the U.S. secretary of state to certify annually that Hong Kong is independent enough from Beijing to retain favored trading status, which for decades has helped it to flourish as a global financial and trading center.
Keeping HK as HK is the best interest to everyone in HK. The bill is the safety net for us.
Technically the US could strip the special status away any time. The new bill is introducing a yearly review whether the status shall continue. This is a good thing to many locals because we believe it can put some accountability on Beijing and the puppet government.
What else can you do when: 1/ 2 million HK citizen demonstrated peacefully to no avail 2/ HK government tamper with and manipulate the local election by using government resources to promote pro-Beijing candidates and put down pro-Democracy candidates. 👇
The situation puzzled people. But is still expected to be recovered, like the beginning.
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Source: CNBC - 🏆 12. / 72 Read more »