Re:Hong Kong: Police Raid Tiananmen Square Museum
by stingrae on Thursday September 09, 2021 @09:24PM
(#28476743)
At a very simple level you can compare the GDP of PRC=$14.72T vs the GDP of HK=$349.5B from 2020.
Re:Hong Kong: Police Raid Tiananmen Square Museum
by sebmellen on Thursday September 09, 2021 @10:10PM
(#28476996)
But that is a myopic comparison. The strategic value of Hong Kong’s (semi)-open capital markets is that they act as a conduit between a totalitarian isolationist state and the rest of the world.
The US’s capital markets support international trade in a somewhat similar way, and are thus innately valuable even without accounting for the productivity of American workers.
Re:Hong Kong: Police Raid Tiananmen Square Museum
by gscott on Thursday September 09, 2021 @11:53PM
(#28477626)
Capital inflows to China are done through Hong Kong. HK is just a financial center for China. As far as the population goes, China could care less as long as they two the communist line.
https://www.reuters.com/article/us-hongkong-protests-finance...
> But the Hong Kong government can only welcome the stock listing opportunity to reinforce Hong Kong as the world’s premier IPO destination, especially at a time when the introduction of the national security law has raised concerns about maintaining the city as a global financial hub.
[1]: https://www.scmp.com/comment/opinion/article/3145952/why-chi...