Analysis: Hong Kong was once cast as a liberal precursor to what China could become. Under Xi Jinping, it’s a cautionary tale of authoritarian entrenchment.
than foreigners last year — the first time that’s happened since records of these permits were collected. Rather than touting Hong Kong’s world-leading cosmopolitanism, Beijing officials now cast it as part of a regional megapolis in the Pearl River Delta, tethered to more-populous cities across the border like Shenzhen and Guangzhou.To the Chinese leadership, Hong Kong should know its place.
The waning of the city’s global brand comes alongside China’s increasing assertiveness and confidence on the world stage. “Beijing has been suspicious of foreigners meddling in Hong Kong affairs and this xenophobia became more pronounced under Xi,” Ho-Fung Hung, a professor at the School of Advanced International Studies at Johns Hopkins University, told Today’s WorldView.
to ban the public from accessing data in Hong Kong’s Companies Registry — a move which, he believes, has prompted apprehension among the international business community“The foundation of Hong Kong’s institutional strength as an international, offshore financial hub of China has generally been eroding,” Hung said.
Eric Lai, a fellow at the Center for Asian Law at Georgetown University, told Today’s WorldView that there’s an irony at the heart of China’s crackdown: “Hong Kong’s success as an economic and financial hub depends on values that Xi Jinping disapproves of.” When Beijing assumed sovereignty over Hong Kong in 1997, it promised to respect the city’s freedoms. But Beijing broke that promise.
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