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China

(drewdevault.com)
847 points kick | 10 comments | | HN request time: 0.837s | source | bottom
1. baron_harkonnen ◴[] No.21585275[source]
If I might post an unpopular opinion, and let me assure you I'm not secretly a pro-CCP shill: what's happening HK has much more to do with changing economic realities than it does with an evil agenda from the Chinese government.

In 1997 HK had 1/3 of the GDP of mainland China and was the only way for Western companies to interact with China. Today HK has 3% of the GDP of mainland China and a huge part of this is because China has opened its borders to foreign investment. Shenzhen has a thriving economy because if you're a western company and want to do business with China, you can just go there and do business. In the past you would have had to go through Hong Kong to make this happen.

The Hong Kong riots were sparked because China wanted to extradite someone who murdered his girlfriend in Taiwan and then went to hide in HK to avoid extradition. If the same thing happened in the united states we would be equally furious. Of course I'm not stupid, I know that this extradition is part of a growing feeling of increasingly powerful influence of China on HK, and I know this because this how independent nations feel when the US similarly puts extradition pressure on other countries. Look what happened with Julian Assange!

But the protests in Hong Kong aren't just about some emergent "evil" coming from China. Their part of the economic and social anxiety that comes from having your economic power completely change in the span of 20 years. In America we know power and independence go hand in hand.

I'm equally as wary of growing Chinese political power as I am of US Hegemony. But the current strife in Hong Kong is perfect propaganda fuel for both the US and China. Both nations essentially get to stoke the flames of nationalism while HK suffers. I strong encourage people to at least question the prevailing narratives from both sides and start to look at the economic realities of what's happening.

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2. honest_tovarich ◴[] No.21585318[source]
Exactly, I will also like people to get more familiar with the matter before making an opinion for them self ,but yeah , you pretty much nailed it.
3. ◴[] No.21585360[source]
4. kp98 ◴[] No.21585602[source]
I heard the economic side of the argument before; I do not believe it entitles China to break the deal it made - the date set was 2047 not 2019
5. nsporillo ◴[] No.21586131[source]
Hong Kong is still extremely important to the CCP. Tariffs can be reduced by first moving exports through Hong Kong because of a first sale rule[0]. The recent bill passed in the US congress puts some of these rules under scrutiny[1].

[0] - https://asia.nikkei.com/Economy/Trade-war/Hong-Kong-s-tariff... [1] - https://www.congress.gov/bill/116th-congress/senate-bill/183...

6. uitersers ◴[] No.21586513[source]
It’s definitely about the economy. Just look at Macau.

There are no protests there. They were also a former Westen colony and now under 1 country, 2 systems like Hong Kong.

The only difference is their GDP per capita is almost twice that of Hong Kong’s.

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7. slowenough ◴[] No.21586630[source]
that's rich. The Hong Kong people had their freedom and autonomy. And what have they done with it? squandered it. They've been subjects of an empire. They are not equipped to rule themselves. They don't seek self-determination and autonomy and responsibility for creating their future they seek to blame the government or China or the police. and now they are seeking to destroy not to create. And yet they should possess greater freedom?
8. junar ◴[] No.21587832[source]
Macau's has been solidly pro-Beijing for over 50 years. While there are economic differences, there are certainly political differences as well.

https://en.wikipedia.org/wiki/12-3_incident

https://en.wikipedia.org/wiki/Legislative_Assembly_of_Macau

9. hkmaxpro ◴[] No.21587948[source]
> what's happening HK has much more to do with changing economic realities than it does with an evil agenda from the Chinese government

First, 93% of protesters were angry due to the lack of universal suffrage. That’s the number one reason for anger, according to a survey. (http://theconversation.com/hong-kong-protesters-dont-identif...)

Do you have any poll/survey results to support your claim that Hong Kongers keep on protesting because they feel economically less important to China? How can you attribute the protests to purely economic reasons and ignore this even more important political factor?

Second, Hong Kong is still extremely important economically to China:

* It accounts for about 70% of foreign direct investment (FDI) to China (https://santandertrade.com/en/portal/establish-overseas/chin...).

* Lots of mainland companies opt to list at Hong Kong stock exchange rather than Shanghai, e.g. Alibaba

Other reasons why Hong Kong is important:

https://www.piie.com/blogs/china-economic-watch/why-china-st...

> Hong Kong riots where sparked because China wanted to extradite someone who murdered his girlfriend in Taiwan and then went to hide in HK to avoid extradition.

This was an excuse that has been debunked:

http://shanghaiist.com/2019/06/16/taiwan-lambasts-hong-kong-...

10. throwaway1997 ◴[] No.21591685[source]
Macau is all in on a single industry which works when the economy is going well, but not so well when it tanks. Furthermore, the concentration of wealth in Macau is even more skewed towards the top. The average Macanese is poorer than the average Hong Konger which is why so many now live in HK.