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Xi: China Must Never Adopt Separation of Powers or Judicial Independence
- nabla9 7y agoWithout them China is never becoming a business center that attracts more money than absolutely necessary to manufacture or sell goods. There exists recurring news articles about Chinese yuan trying to break US dollar hegemony etc. Or Russians, Iranians, Saudis etc. doing the same. These things never happen in the scale that matters because you need judicial independence and well developed business law to attract business and money. Chinese businessmen are moving as much of their assets outside China because they know that their assets are theirs only conditionally. Hong Kong and Singapore and the financial centers of Asia because they kept British common law. As long as Hong Kong law is separate and independent, Chinese can benefit from it.
- DeonPenny 7y agoWell they won't after 2047