Stimulus Check Up | Apr 8, 2022 | 0
Hong Kong: Police Use Water Cannons in Crack Down on Large Gatherings
Hong Kong woke up to a new reality on Wednesday, after China began enforcing a sweeping security law that could reshape the financial hub’s character 23 years after it took control of the former British colony.
The law’s tough provisions went beyond what many investors, democracy advocates and even pro-Beijing politicians feared, prompting warnings that it would cast a chilling effect over free speech and political activities related to Hong Kong. Leaders in Beijing and Hong Kong did nothing to allay those worries during briefings to explain the 35-page law unveiled as it came into effect late Tuesday, even as thousands hit the streets in defiance.
“The law is a ‘sword of Damocles’ hanging above extremely few criminals who are severely endangering national security,” Zhang Xiaoming, the deputy director of the Hong Kong and Macau Affairs Office, told reporters Wednesday in Beijing. “The law will deter foreign forces who try to interfere with Hong Kong affairs. The law is a turning point to put Hong Kong back on its track.”
The law’s vague language generated confusion about what activities were allowed, adding uncertainty for some businesses that flocked to Hong Kong in part because of its independent British-inspired legal system. While some investors said the measure would bring stability following sometimes-violent protests last year, others expected to see a flight of capital and talent. Markets were closed for a public holiday.
The Trump administration vowed additional “strong actions” if Beijing didn’t reverse course, potentially inflicting more damage on a city facing its deepest recession on record with unemployment at a 15-year high. The U.K. accused Beijing of going back on its promise in a 1984 treaty to preserve Hong Kong’s “high degree of autonomy” and on Wednesday opened a path for 40% of the city’s residents to obtain citizenship.
“The feeling is that, all of a sudden, the ‘one country, two systems’ arrangement has disappeared and Hong Kong is truly just another part of China,” said Charles Mok, a member of Hong Kong’s Legislative Council who represents the information technology industry. “It’s ironic that passing this national security law may make the international community feel that Hong Kong is less secure.”
Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm
QUICKTAKE ON SOCIAL:
Follow QuickTake on Twitter: twitter.com/quicktake
Like QuickTake on Facebook: facebook.com/quicktake
Follow QuickTake on Instagram: instagram.com/quicktake
Subscribe to our newsletter: https://bit.ly/2FJ0oQZ
Email us at [email protected]
QuickTake by Bloomberg is a global news network delivering up-to-the-minute analysis on the biggest news, trends and ideas for a new generation of leaders.