Foreign Interference The National Endowment for Democracy (NED), which has the stated goal of "promoting democracy" abroad and receives funding from the US Congress, has given grants and financial support to organisations such as the Washington-base Solidarity Center and the Hong Kong Justice Center … [Read more...] about China to Retaliate if UK Eases Path to British Citizenship for Hongkongers
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HONG KONG: Bankers and investors fear China's push to impose national security laws on Hong Kong threaten the city's future as an international financial centre. If it gets to that stage, Beijing's move will come at a cost for China's economy. WHY DOES CHINA NEED HONG KONG AS IT IS? China still has extensive capital controls and often intervenes in its financial markets and banking system. Hong Kong is one of the world's most open economies and one of the biggest channels for equity and debt financing. The size of Hong Kong's economy may only be the equivalent of 2.7% of mainland China's, down from 18.4% in 1997 when it reverted to Chinese rule, but the territory punches above its weight due to world-class financial and legal systems. As a gateway between China and the West, Hong Kong attracts global capital for China more efficiently than its other cities. HOW IS THAT CHANGING? Under the 'one country, two systems' formula agreed as part of Britain's handover of the territory … [Read more...] about How important is Hong Kong to China as a free finance hub?
Strack’s committee helped shape an influential paper by the German BDI industry lobby last year that caused ripples across Europe and in Beijing by arguing for a more clear-eyed stance toward China. Two months later, the EU labeled China a systemic rival. He now sees an opportunity for Europe as “a strong middle partner,” sharing US values while cooperating with China on multilateral solutions. “There is a huge potential in positioning the EU as a stronger global player,” he said. … [Read more...] about Europe reaches a tipping point over China’s Hong Kong gamble
In the order, Trump accused social media companies of having "unchecked power to censure, restrict, edit, shape, hide, alter virtually any form of communication between private citizens or large public audiences." Twitter responded in a statement that the order was a "reactionary and politicized approach to a landmark law." … [Read more...] about Trump Says Twitter Does Nothing About Propaganda from China, Despite Warning Applied to Foreign Ministry Spokesperson
Kostas Gouliamos: The US tensions with Europe are not new. As others have argued, the transatlantic relationship has always been complicated and riddled with disagreements. However, I would admit that Europe may not be central to US priorities anymore. There is strong evidence that the Euro-American relations are declining, particularly under the political management of president Trump. Indeed, his administration doesn’t consider any value in Washington’s political equilibrium with the EU. Washington has issued clashing positions and disagreements on everything, namely on the international system. Some may even be wondering if the US and the EU can jump-start a historical divorce process. Nevertheless, the EU seems to be more autonomous -in certain areas- from Washington’s hegemonic politics. Most importantly, there is an acceleration of cracks in the foundation of transatlantic relations, which will continue into the foreseeable future. Generally, the transatlantic … [Read more...] about ‘A Strong Sino-European Partnership is in the Interests of Both the EU and China’ – Scholar