BREAKING: U.S. Secretary of State Rules that Hong Kong Is No Longer Autonomous From China

Given that, China and the CCP will no longer benefit from the economic advantages that were granted to Hong Kong in its special status,

originally posted by: 0zzymand0s
a reply to: incoserv

A novel doctrine? Pun intended?

originally posted by: Identified
a reply to: 0zzymand0s

I think it's going to be a legit cold war where within 5 years China will not remember what it was like before.

They also may think they "own us" and can call in our bonds but if they did that it would get them no where. The US can float it for the contractual dates and considering numerous countries are looking to sue China for Covid it won't be a far reach for nations to begin forgiving themselves whatever is owed China in compensation for China owing money for Covid.

originally posted by: Southern Guardian
a reply to: incoserv

Given that, China and the CCP will no longer benefit from the economic advantages that were granted to Hong Kong in its special status,

That's the thing. The China of today is different from the China 23 years ago. She now sits second on the world's economic powerhouses and the majority of her functions are now heavily based on the mainland. That recognition in 1997 no longer matters as much. The Chinese government is well aware of this, as is the Trump administration. So given this, why this move again? Because the Trump administration is appeasing Chinese authorities, and again the only reason behind this would be to push for some economic compromise.

I actually don't care about this move. The US should lessen her involvement in the matters of other nations and focus internally. That's what we've being saying here all this time right? What I need to take note of, is this attempt to hide the as anything other than appeasment by those held sensitive of criticisms against this administration.

originally posted by: ketsuko
a reply to: incoserv

My reading was the latter. Otherwise, why continue to state support for the people of Hong Kong? Part of the law stipulates that the State Dept. has to make the determination before anything else can happen though. I suppose Congress can choose to sit on its thumbs since State makes the determination to them.

But yes, China broke its treaty obligations in the eyes of the US.

originally posted by: ketsuko
a reply to: Southern Guardian

They don't in the sense that China uses Hong Kong as its trade hub. The rule of law used to apply in Hong Kong making it a stable and attractive place to do business and a lucrative go-between for the US and China, other players and China.

Doing business directly with China means they steal your intellectual property and can change your agreements on a whim.

With China now being Hong Kong in the eyes of the US, there is no special trade status for Hong Kong in all those trade deals. China loses that trade and gateway with its special status and all that lucrative trade potentially. They were making more money from it than from many of their other trade deals because of that special status.

originally posted by: ketsuko
a reply to: alldaylong

Most of the agreements and obligations made with Hong Kong were made on the stipulation it was allowed to remain a self-governing entity. Clearly, that is no longer the case. Now it is all China, and so those obligations are null.