The move by China’s National People’s Congress (NPC) to impose a new security law on Hong Kong effectively overrides the “one country, two systems” framework that has allowed Hong Kong to prosper since 1997. The move will probably trigger protests and civil disruption that delays the city’s economic recovery from the coronavirus crisis. Further ahead, the erosion of Hong Kong’s autonomy will undermine the foundations of its economic success as an international city within China. And it is a reminder that the priority of the Party leadership is control, even if it comes with an economic cost.
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