Although HK appears to be the direct casualty of US change of trade status, the reality is that China is one who will bleed once the HK trade window is closed.

Although HK appears to be the direct casualty of US change of trade status, the reality is that China is one who will bleed once the HK trade window is closed. For too long China practised a kind of hostage diplomacy where it solves its problems by taking hostages and then negotiating for concessions. For instance the two Canadians detained to pressure Canada to release Huawei CFO. Hong Kong is now another hostage of CCP, Xi betting that the US dare not tighten the screw on its tariff as long as HK is a hostage in its grip. But most likely China will fail, as HK people have prepared themselves to be sacrificed to bring down the CCP. On an individual level HKers will begin another mass exodus like in pre-1997.