If an American does business with China, there is one set of rules. If they do business with Hong Kong, there is another. The latter is more favourable than the former. This notice principally rolls back that delineation.
The special status was granted for commercial reasons. China and Hong Kong had different legal systems, and different commercial and policy risks. They merited different treatment.
Now, they’re less different. A business dispute in Hong Kong could end up in a Chinese court because a party functionary feels like it. A company exporting from Hong Kong may be coerced by Party officials, or be benefiting from IP stolen from the mainland. This happened, slowly, over years. But the national security legislation took a big, sudden step.
The special status was granted to protect commercial interests. It is being rescinded on commercial reasoning. Those commercial interests are exercised politically, and there are other factors at play, but that’s sort of like quibbling about whether one’s arm or brain lifts a teacup.
So do you agree that the current events are more than just special consideration being rolled back? It clearly is not a simple if then kind of deal as your original post appeared to imply.
>Of course it's political.
We are in agreement.
> That component of America's reaction pertains, in part, to human rights concerns. But the trade component does not.
This is where we may be not in agreement. Could you elaborate on the trade part?