An ancillary development to the worsening social-political situation unfolding in Hong Kong is that the city’s global standing as an international financial center has been irreparably damaged.
How the Chinese Communist Party (CCP) and, by extension, Carrie Lam’s government have treated the ongoing protests in Hong Kong is deteriorating to the point of no return. Regardless of how the protests are handled as the calendar marches towards Oct. 1—the 70th anniversary of the CCP’s rule over China—global investors and business leaders have been frightened enough that Hong Kong’s days as a leading business hub and financial gateway to China are numbered. That’s a terrible development for China and its economy.
