7 ms·

Yes, it is true. It is confirmed by pro-China lawyer in HK local newspaper. The prosecution of Huawei CFO make China targeting foreign nationals in Hong Kong fo

by 188201 7y ago

Yes, it is true. It is confirmed by pro-China lawyer in HK local newspaper. The prosecution of Huawei CFO make China targeting foreign nationals in Hong Kong for revenge. Moreover, the issue is not only about politics, but also economic. The most concern is about how China could use this to threaten any person including foreign nationals in Hong Kong. Have a business disputed with some Chinese business while in Hong Kong? Then, you could be extradited to China any time soon. It is not safe to do business in Hong Kong anymore. If this bill is passed, then it is expected Hong Kong would be completely replaced by Singapore within some time of period for foreign companies in Hong Kong to leave.

hyperpallium 7y ago
Does China still have enough to gain, to make it worthwhile to destroy such an incredibly valuable asset?
- peteretep 7y ago
  At least some portion of HKG’s loss will be the mainland’s gain, so there’s that to factor in
- mawbie 7y ago
  > incredibly valuable asset Is it though?
- deleted 7y ago
  [deleted]
- 188201 7y ago
  I can't really rationalize why China would throw stone on its own feet, but there are two reasons I could think of. One reason could be president Xi just can't back off because Xi is like Kim Jong-un in China. Xi has killed some of his political enemies and throw many of them to jail. If Xi shows any weakness to his internal enemies, he could not live long because he is playing too tough. It's like how a mafia boss works. Another reason is taking back some US dollar from HK reserve. China is facing insufficient foreign currency for importing goods for production, or even food in trade war with US. One example is pork production, which China has large export in the world, but it relied on corn imported from US, so facing increased tax harm pork production in China a lot, and added up with African swine fever, the situation is even worse. So, how would extradition law help? Basically there are some list of merchant in the hand of China who leaves China due to business disputed, bankrupt or any economic related prosecution. In China, they could start the court even with the absence of suspect. So, the court could proceed anytime and enforce any punishment without a lawyer to protect the suspect right. Without extradition law, it doesn't matter if the suspect left China. After the extradition law is passed, China would extradite those wanted list. And those wanted list could pay back some foreign currency in exchange. Though, it is really just sacrificing long term advantage for short term benefit. Both reasons are really dumb but they can't stop. Chinese using nationalism to justify the party existence, since the party make China a strong country. But if it is not, then the party would start falling apart.
  - gruez 7y ago
    >Basically there are some list of merchant in the hand of China who leaves China due to business disputed, bankrupt or any economic related prosecution With so much news around this bill, surely they would have fled before this bill was passed?
- kevin_b_er 7y ago
  It was a valuable asset, 20 years ago, but the CPC has developed enough other cities to be large and rich. There are some excellent graphs if you search that show the relative % of the Chinese economy that HK was in 1980 vs now. Now it is a much smaller portion of the total economy. The CPC is now considering that HK might be sacrifice necessary to maintain their authoritarian control over China because they cannot allow the ideas of human rights to spread to the mainland china population.
Bakary 7y ago
The writing is on the wall for Hong Kong even within China, as other cities have caught up economically.
- seanmcdirmid 7y ago
  Hong Kong still has a huge advantage compared to mainland cities with respect to its liberties and legal framework, making it often the better place to do business than say Shanghai or Shenzhen. However, the CPC is quickly eroding these advantages.
  - Bakary 7y ago
    These help a lot to be sure, but the city has gone from having an economy that was almost a third of the mainland's in 1993, to a fifth at the handover, to less than 3% today.[0] It is still important but no longer crucial to China. In a generation or so, it will be just another city among dozens. The idea that rights and liberties are absolutely essential is a nice bedtime story we can tell ourselves, but if there weren't multiple paths towards economic development, then China would never have risen to the current level. Even in the West we probably only got those rights because it made economic sense to have them with the way we developed over time.[1] [0] http://www.ejinsight.com/20170609-hk-versus-china-gdp-a-sobering-reality/ http://www.ejinsight.com/20170609-hk-versus-china-gdp-a-sobe... [1] https://www.bbc.com/news/world-39706765 https://www.bbc.com/news/world-39706765
    - suff 7y ago
      Nobody is bowing to your tyrannical world view. It stops here.
      - Bakary 7y ago
        I'm not exactly sure what your comment is even supposed to mean, but I'll bite. Maybe my predictions will turn out to be dead wrong, but as it stands it's unlikely that anyone is willing or prepared to stop what China is doing, and it's unlikely that Hong Kong is going to last very long because they have less and less power as time goes by. I personally am a lot more sympathetic to HK's struggle, and I encourage people to take to the streets because it is very likely to be their last stand. They certainly have more balls than I do. But life isn't like a movie and I'm pretty pessimistic about their chances. If there is tyranny, it's just that it always comes down to power in the end. Freedom and the rule of law work well because they have made it easier for a society to flourish over the long term, but if conditions change so can their effectiveness. I wouldn't be surprised if human rights disappear like a puff of smoke if the 99% lose their bargaining power because of automation.

by 188201 7y ago

hyperpallium 7y ago

Does China still have enough to gain, to make it worthwhile to destroy such an incredibly valuable asset?

peteretep 7y ago
At least some portion of HKG’s loss will be the mainland’s gain, so there’s that to factor in
mawbie 7y ago
> incredibly valuable asset Is it though?
deleted 7y ago
[deleted]
188201 7y ago
I can't really rationalize why China would throw stone on its own feet, but there are two reasons I could think of. One reason could be president Xi just can't back off because Xi is like Kim Jong-un in China. Xi has killed some of his political enemies and throw many of them to jail. If Xi shows any weakness to his internal enemies, he could not live long because he is playing too tough. It's like how a mafia boss works. Another reason is taking back some US dollar from HK reserve. China is facing insufficient foreign currency for importing goods for production, or even food in trade war with US. One example is pork production, which China has large export in the world, but it relied on corn imported from US, so facing increased tax harm pork production in China a lot, and added up with African swine fever, the situation is even worse. So, how would extradition law help? Basically there are some list of merchant in the hand of China who leaves China due to business disputed, bankrupt or any economic related prosecution. In China, they could start the court even with the absence of suspect. So, the court could proceed anytime and enforce any punishment without a lawyer to protect the suspect right. Without extradition law, it doesn't matter if the suspect left China. After the extradition law is passed, China would extradite those wanted list. And those wanted list could pay back some foreign currency in exchange. Though, it is really just sacrificing long term advantage for short term benefit. Both reasons are really dumb but they can't stop. Chinese using nationalism to justify the party existence, since the party make China a strong country. But if it is not, then the party would start falling apart.
- gruez 7y ago
  >Basically there are some list of merchant in the hand of China who leaves China due to business disputed, bankrupt or any economic related prosecution With so much news around this bill, surely they would have fled before this bill was passed?
kevin_b_er 7y ago
It was a valuable asset, 20 years ago, but the CPC has developed enough other cities to be large and rich. There are some excellent graphs if you search that show the relative % of the Chinese economy that HK was in 1980 vs now. Now it is a much smaller portion of the total economy. The CPC is now considering that HK might be sacrifice necessary to maintain their authoritarian control over China because they cannot allow the ideas of human rights to spread to the mainland china population.

Bakary 7y ago

The writing is on the wall for Hong Kong even within China, as other cities have caught up economically.

seanmcdirmid 7y ago
Hong Kong still has a huge advantage compared to mainland cities with respect to its liberties and legal framework, making it often the better place to do business than say Shanghai or Shenzhen. However, the CPC is quickly eroding these advantages.
- Bakary 7y ago
  These help a lot to be sure, but the city has gone from having an economy that was almost a third of the mainland's in 1993, to a fifth at the handover, to less than 3% today.[0] It is still important but no longer crucial to China. In a generation or so, it will be just another city among dozens. The idea that rights and liberties are absolutely essential is a nice bedtime story we can tell ourselves, but if there weren't multiple paths towards economic development, then China would never have risen to the current level. Even in the West we probably only got those rights because it made economic sense to have them with the way we developed over time.[1] [0] http://www.ejinsight.com/20170609-hk-versus-china-gdp-a-sobering-reality/ http://www.ejinsight.com/20170609-hk-versus-china-gdp-a-sobe... [1] https://www.bbc.com/news/world-39706765 https://www.bbc.com/news/world-39706765
  - suff 7y ago
    Nobody is bowing to your tyrannical world view. It stops here.
    - Bakary 7y ago
      I'm not exactly sure what your comment is even supposed to mean, but I'll bite. Maybe my predictions will turn out to be dead wrong, but as it stands it's unlikely that anyone is willing or prepared to stop what China is doing, and it's unlikely that Hong Kong is going to last very long because they have less and less power as time goes by. I personally am a lot more sympathetic to HK's struggle, and I encourage people to take to the streets because it is very likely to be their last stand. They certainly have more balls than I do. But life isn't like a movie and I'm pretty pessimistic about their chances. If there is tyranny, it's just that it always comes down to power in the end. Freedom and the rule of law work well because they have made it easier for a society to flourish over the long term, but if conditions change so can their effectiveness. I wouldn't be surprised if human rights disappear like a puff of smoke if the 99% lose their bargaining power because of automation.