Protesten in Hong Kong zwellen aan

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Op zaterdag 27 juli 2019 13:37 schreef Jellereppe het volgende:

[..]

Kom met bronnen! Hongkong draagt in ieder geval geen belasting af aan de Centrale Overheid en heeft zelfs een aparte andersoortige belastingsysteem. Zeker gebaseerd op die van de Britten?
[..]

https://en.wikipedia.org/wiki/Taxation_in_Hong_Kong

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quote:

What do you think of China saying Hong Kong's society will suffer if protests continue?

JIang Zhu

In 1999, Tung Chee-hwa proposed the "Digital Cyberport" project to develop Internet technology. At that time, Hong Kong had the software skills, technology, talent, and capital, which of these were not stronger than that in the mainland? However, the Internet was not taken up, and the Cyberport was turned into real estate development.

Later, Tung proposed the "Dangang" plan. Taiwan's Zhang Yujing of TSMC, wanted to make chip manufacturing in Hong Kong. The people of Hong Kong resolutely opposed it by "speculating the land and speculating the price of the property" and engaged in a protest [against Article 23 of Basic Law]. As a result, Shanghai invited Zhang Yujing to take a SMIC in Shanghai. It is now the largest chip manufacturer in China and the fourth in the world.

Later, Tung once again proposed the "Chinese Medicine Port" plan because Hong Kong has a strong scientific research system, as well as a large number of biological researchers and more importantly it has a quality inspection system recognized by the whole world. This proposal is a combination of production, education and research. However, again because of the short-sightedness of the city's capitalists, Tung's proposal was not adopted.

As a result, the Huada Gene appeared in Shenzhen across the river, and it has become a genetic and biological research enterprise. From 1999 to 2005, if Hong Kong seized these three opportunities, Hong Kong would be the Asian Internet center, chip manufacturing center, and biological research center.

In those years, what was Hong Kong busy with? The economy took a turn and Hong Kong turned to "financial, real estate, and service industries." These industries went sky-high and housing prices skyrocketed. The so-called free financial trading port has brought a lot of hot money across the border. These capital hot money boosted HongKong economy.

The booming economy however does not include the young people who see no way out and are full of anger. Finance and real estate are beyond the means of young people who are freshly graduated. Having no way to turn to and no means to start a business, young people turn to the streets and vent their anger at their relatives in Mainland China.

Today, the enemy is inside Hong Kong, amongst those financial oligarchs. Hong Kong is just digging their own grave. So much potential, so little initiative.

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Can China Keep Its economy From Running Out of Steam?

Feng Guozhang, Investment Analyst
Answered Feb 11

Chinese economy is slowing because China is currently undergoing a somewhat painful but absolutely necessary deleveraging process, which is one of the core initiatives under the 19th CCP Congress at end-2017. But before I talk about deleveraging initiatives, I will talk a little about the Chinese economic history in the past ten years-starting from 2008.

Prior to 2008, China was an export oriented economy, much similar to the likes of South Korea and Taiwan/ROC. However, the global financial crisis in 2008, the already large size of Chinese economy, as well as the gradual decline of Sino-US relationship since then made the Chinese government realise China can no longer rely on export to US to drive its own economy.

Of course, the most sustainable method is to adopt a US-style consumption-innovation driven economy. However, US economy was not built in a day. While China was already a large economy at 2008, it was still poor on average. The wealth level, living condition, and public access of average Chinese at that time were not able to consume enough products that could support a consumption driven economy.

What to do? Well, if US economy was not built in a day, maybe it could be built in ten years, with Chinese style of government-planned investments.

The investments, mostly in housing and infrastructure related, were largely funded by the Chinese banks in the forms of debt. Chinese people have one of the highest saving rates in the world; all those savings created the enormous banking system of China(go check global bank ranking by assets), with enough bullet to transform a third world nation into a country with first class of infrastructure within just few years.

All these new houses in new cities, world longest high speed rails, and massive logistics network created a middle class larger than the US population and with even higher connectivity. eCommerce and fintech revolution also provided a lot of help on the way.

The transformation was drastic in numbers: In 2018, the GDP growth contribution of China consists of 70+% consumption, 30+% investment, and -10% from net export. Such ratios were 30+%, 60+%, and ~5% respectively back in 2010. After just 8 years, China transitioned itself from an export oriented economy, to an investment-led economy, and then almost to a consumption-driven economy.

However, there is one big thing left: the debt. As I mentioned above, most of these investments came in the form of bank debt. It was these debt which allowed the Chinese citizens to enjoy first class of infrastructure at a cheaper-than-market price in a very short period of time, not some magic. As a result, it is time to control the debt growth, at least slower than or similar to the GDP growth.

Between 2010-2016, the banking asset of China grew at a rate of mid-double-digit, while the GDP grew at high-single-digit rate. Such excess of debt growth leave China with a relatively high macro leverage of around 270% of GDP. Starting late 2017, the government and the central bank urged the banks to slow their growth to single-digit rate as the start of deleveraging campaign. With the slow of banking growth, you have the slow of investment, which takes up ~30% of China's GDP, and then you have the slowest GDP growth in a decade.

However, as I stated in the beginning, such measures are necessary in order to ensure the sustainable growth of China in the future. China is now a leading nation of innovations, with one of the strongest patent and scientific paper generating capacities; and China is now home to the largest middle class consumers on Earth.

China now has all the cards required to fully transition itself into a consumption-innovation driven economy. By then, not only China would be completely immune to any sorts of trade war, but also China will be able to contribute to the world with the innovations from its new economy.

All it needs to do, is to ensure the deleveraging process can go smoothly. This is the last mile of China's great economy transformation. I view such transition would be fully completed around 2020-2025.

On the other hand, if the smooth deleveraging path for some reason derailed, and we entered into a violent deleveraging path, say a financial crisis or hard-lending, then the transition will take longer.

It may take longer, but it would still get there in my view, because all these scientists and engineers of China are not going to disappear due to a financial crisis, nor does all the first-class infrastructures. Most of the advanced countries in the world, such as the US, have weathered many financial crisis, and they are able to grow after, many times even better. I do not see why China cannot do the same.

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It may take longer, but it would still get there in my view, because all these scientists and engineers of China are not going to disappear due to a financial crisis, nor does all the first-class infrastructures. Most of the advanced countries in the world, such as the US, have weathered many financial crisis, and they are able to grow after, many times even better. I do not see why China cannot do the same.

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Op woensdag 31 juli 2019 15:06 schreef speknek het volgende:
China was eerder en gedurende langere tijd geciviliseerd dan het westen, dus met de cultuur zal het op zich wel goed zitten. De vraag is alleen hoe goed zo'n rijk bij elkaar te houden is als het economisch achteruit holt. Maar daarom zullen ze nu ook wel zo hard werken aan de AI dictatuur.

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Op donderdag 1 augustus 2019 01:04 schreef Maikuuul het volgende:
In China draait ook alles om zoveel mogelijk geld te maken. Hoe? Maakt niks uit als mensen ziek worden/sterven. Zolang jij het maar goed hebt.

Mooi voorbeeld is gutter oil, waar men letterlijk rotzooi uit het riool vist om vervolgens mee te koken. JelleReppe zou het wellicht eens willen proberen

The Making Of 'Gutter Oil'

Of het maken van kool dmv wax

Amazing Japanese and Chinese Fake Cabbage: Would You Eat This ?

Het boeit ze allemaal niet. Beste voorbeeld is natuurlijk het sterven van een groot aantal babies ivm melamine in de baby poeder. Waardoor er wereldwijd een run is ontstaan op dit product, en veel Chinezen ook steenrijk worden door dit te importeren.

Nee merci

The art of cooking fake food

quote:

Op donderdag 1 augustus 2019 01:04 schreef Maikuuul het volgende:
In China draait ook alles om zoveel mogelijk geld te maken. Hoe? Maakt niks uit als mensen ziek worden/sterven. Zolang jij het maar goed hebt.

Mooi voorbeeld is gutter oil, waar men letterlijk rotzooi uit het riool vist om vervolgens mee te koken. JelleReppe zou het wellicht eens willen proberen

The Making Of 'Gutter Oil'

Of het maken van kool dmv wax

Amazing Japanese and Chinese Fake Cabbage: Would You Eat This ?

Het boeit ze allemaal niet. Beste voorbeeld is natuurlijk het sterven van een groot aantal babies ivm melamine in de baby poeder. Waardoor er wereldwijd een run is ontstaan op dit product, en veel Chinezen ook steenrijk worden door dit te importeren.

Nee merci

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China orders Arabic symbols taken down in Beijing

The Arabic script on the signboard of a halal restaurant is seen covered, at Niujie area in Beijing, China, July 19, 2019. Picture taken July 19, 2019. REUTERS/Stringer u000d

BEIJING: Authorities in the Chinese capital have ordered halal restaurants and food stalls to remove Arabic script and symbols associated with Islam from their signs, part of an expanding national effort to "Sinicize" its Muslim population.

Employees at 11 restaurants and shops in Beijing selling halal products and visited by Reuters in recent days said officials had told them to remove images associated with Islam, such as the crescent moon and the word "halal" written in Arabic, from signs. Government workers from various offices told one manager of a Beijing noodle shop to cover up the "halal" in Arabic on his shop's sign, and then watched him do it.

"They said this is foreign culture and you should use more Chinese culture," said the manager, who, like all restaurant owners and employees who spoke to Reuters, declined to give his name due to the sensitivity of the issue. The campaign against Arabic script and Islamic images marks a new phase of a drive that has gained momentum since 2016, aimed at ensuring religions conform with mainstream Chinese culture.

The campaign has included the removal of Middle Eastern-style domes on many mosques around the country in favour of Chinese-style pagodas. China, home to 20 million Muslims, officially guarantees freedom of religion, but the government has campaigned to bring the faithful into line with Communist Party ideology.

It's not just Muslims who have come under scrutiny. Authorities have shut down many underground Christian churches, and torn down crosses of some churches deemed illegal by the government. But Muslims have come in for particular attention since a riot in 2009 between mostly Muslim Uighur people and majority Han Chinese in the far western region of Xinjiang, home to the Uighur minority.

Spasms of ethnic violence followed, and some Uighurs, chafing at government controls, carried out knife and crude bomb attacks in public areas and against the police and other authorities. In response, China launched what it described as a crackdown on terrorism in Xinjiang. Now, it is facing intense criticism from Western nations and rights groups over its policies, in particular mass detentions and surveillance of Uighurs and other Muslims there.

The government says its actions in Xinjiang are necessary to stamp out religious extremism. Officials have warned about creeping Islamisation, and have extended tighter controls over other Muslim minorities.

'NEW NORMAL'
Analysts say the ruling Communist Party is concerned that foreign influences can make religious groups difficult to control. "Arabic is seen as a foreign language and knowledge of it is now seen as something outside of the control of the state," said Darren Byler, an anthropologist at the University of Washington who studies Xinjiang.

"It is also seen as connected to international forms of piety, or in the eyes of state authorities, religious extremism. They want Islam in China to operate primarily through Chinese language," he said. Kelly Hammond, an assistant professor at the University of Arkansas who studies Muslims of the Hui minority in China, said the measures were part of a "drive to create a new normal".

Beijing is home to at least 1,000 halal shops and restaurants, according to the Meituan Dianping food delivery app, spread across the city's historic Muslim quarter as well as in other neighbourhoods. It was not clear if every such restaurant in Beijing has been told to cover Arabic script and Muslim symbols. One manager at a restaurant still displaying Arabic said he'd been ordered to remove it but was waiting for his new signs.

Several bigger shops visited by Reuters replaced their signs with the Chinese term for halal - "qing zhen" - while others merely covered up the Arabic and Islamic imagery with tape or stickers. The Beijing government's Committee on Ethnicity and Religious affairs declined to comment, saying the order regarding halal restaurants was a national directive.

The National Ethnic Affairs Commission did not respond to a faxed request for comment.

While most shopkeepers interviewed by Reuters said they did not mind replacing their signs, some said it confused their customers and an employee at a halal butcher shop accused authorities of "erasing" Muslim culture. "They are always talking about national unity, they're always talking about China being international. Is this national unity?". -- REUTERS

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What do you think about the Chinese media?

Hei Wong

Adam Curtis once said:" Nobody trusts anyone in authority today. It is one of the main features of our age. Wherever you look, there are lying politicians, crooked bankers, corrupt police officers, cheating journalists and double-dealing media barons, sinister children's entertainers, rotten and greedy energy companies, and out-of-control security services."

Well it is Sad But True.

To answer the question, Chinese Media Sucks and Western Media even worse!!

twitter:

declan_hill twitterde op woensdag 31-07-2019 om 18:56:31 The theatre of police-politicians that shows the links between organized crime, government officials, sports gambling & money laundering. https://t.co/rhB4BAMEmv #mafia #Triads #Sportsgambling #HongKong #Vietnam https://t.co/0aJCGDuISV reageer retweet

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Op donderdag 1 augustus 2019 11:31 schreef Jellereppe het volgende:

[..]

https://www.nst.com.my/wo(...)s-taken-down-beijing

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Op donderdag 1 augustus 2019 12:08 schreef Tarado het volgende:

twitter:

declan_hill twitterde op woensdag 31-07-2019 om 18:56:31 The theatre of police-politicians that shows the links between organized crime, government officials, sports gambling & money laundering. https://t.co/rhB4BAMEmv #mafia #Triads #Sportsgambling #HongKong #Vietnam https://t.co/0aJCGDuISV reageer retweet

EXCLUSIVE: Crown Casino exposed. Sex trafficking, drugs, money laundering | 60 Minutes Australia

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Op donderdag 1 augustus 2019 12:25 schreef SeLang het volgende:
Het is bizar dat moslim terroristen zich nog steeds vooral richten op westerse landen waar vrijheid van religie is en moslim immigranten met open armen worden ontvangen, terwijl China massaal moskeeën aan het verwijderen is (kun je gewoon zien op Google Earth).

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How long do you believe the Chinese government will tolerate mob violence in the streets of Hong Kong before sending in troops?

Sun Yang

When there are massive numbers of body counts in the street daily. Which is another way to say "never".

On the relationship between Hong Kong and China - the media portrays it almost like between New York and the US. It's not. It's more like between Puerto Rico and the U.S.

• Hong Kong's Chief Executive, Carrie Lam, was educated in Oxford. She, and her husband, and her two children, are all holders of British passports. Mrs. Lam is a classic British-trained civil servant until she rose to the level of HK Chief Executive, when she had to give up UK passport for a PRC one, because one really can't be a UK citizen while being the top leader in a Chinese city. The rest of her family are still British.

• Hong Kong's biggest bank is HSBC, which made its first pot of gold from financing the illegal opium trade into China, and now a top UK bank headquartered in London.

• Hong Kong is run by tycoons, all of them having multiple foreign passports.

• 14 out of 18 judges in Hong Kong's highest court are foreigners. The latest appointed high-court judges are one from the UK and one from Canada. The President of Hong Kong's bar association is also a Brit trained in Lincolns Inn.

• Hong Kong has never, ever, paid a dime in tax to the PRC. Hong Kong's GDP is not included in the calculation of PRC's GDP.

• There is a "hard border" between Hong Kong and Mainland China. Visa, passport, customs, tariffs, border patrol, the whole deal.

OK then, the money is Anglo money, the prominent citizens are British or Canadian, the top executive is Oxford-trained, the judges and lawyers are all British/Canadian/Australian - Exactly what is there for China to lose anyway? The zip code? LOL! The zip code goes with the land, and the land isn't going anywhere. Hurricane Maria left ~ 3,000 dead and an estimated $90 billion in damage in Puerto Rico. Just look around you - how heart-broken are the Americans feeling towards the Puerto Ricans? Not much? Well there you have it!

The second thing that people don't seem to get a grip on is the essential nature of the Hong Kong society. It is common knowledge that Hong Kong is run by tycoons. Well then, you may ask, how can a state run by tycoons be a modern society? Well you are right. Hong Kong is NOT a modern society. It's a throw-back of the medieval oligarchical city-state with 21 century social media tooling. There used to be a lot of these city-states in Europe, especially in Italy, such as Milan, Mantua, Florence, the Republic of Venice, etc. These city-states became prosperous when the surrounding countryside were wrecked by banditry and lawlessness, and they all faded away when they became hostages to oligarchical monopoly and cronyism.

Hong Kong followed the same trajectory. It got rich when China was closed to the world, and Hong Kong was the only window through which it traded with the rest of the world. Jardine and Matheson were the opium traders, and HSBC was the opium financier. During WWII Hong Kong was defended by the British, the Canadian, and the Indians for a grand total of two weeks, before surrendering the city to the Japanese. What about the native HKers? They didn't do jack-sh*t. They were the colonized. A different overlord was coming in, so what.

Post Korean War in 1953, the US placed PRC on embargo list, so all the Western countries and their allies were not allowed to do business with China, not even when China was experiencing famine, the Aussies and the Canadians were not allowed to sell wheat to China. https://www.jstor.org/sta(...)ge_scan_tab_contents

Hong Kong, being a British colony, was the only route through which trade with China, legal or illegal, occurred. The sole channel to a billion consumers. So it got rich. But once the US lifted its 21-year embargo in 1971, Hong Kong's importance to China trade started to diminish, and it's city-state trajectory became part of the irresistible grind of the wheel of history, like all those other independent city-states in history. https://www.washingtonpos(...)ash/june/china71.htm

So what went wrong? Often, these cities evolved political systems that gave wealthy merchants direct control over governance, and they used that power to make life miserable for the competition.

"The big drawback is that once a group of people are running their own affairs, they're also looking out for their own interests," he says. "So they start setting up barriers to outsiders coming in and all these restrictions on others engaging in commerce within the city limits."

As oligarchies closed to outside commerce, the European cities began to slowly decline. Their closest successors today might be autonomous Asian cities like Hong Kong and Singapore, which share their economic dynamism as well as some of their troubling cronyism.

Source: https://slate.com/news-an(...)tml?via=gdpr-consent

The tycoons of Hong Kong are not any wiser or more altruistic than the Doges of Venice, or the Medici's and the Machiavelli's of the Florentine Republic. Thus Hong Kong today has 15% poverty rate, the average Joe pays 70% of his income on rent.

https://www.scmp.com/busi(...)ian-household-income

70 percent of median household income, lives in an apartment the size of the average kitchen, working their butt off for the enrichment of one of the tycoons, but still can't save enough for retirement. But that's OK because they can still enjoy the "freedom" to oppress their Filipino maids! HKers employ a massive 400,000 Filipino maids to do the cooking and cleaning, who are legally banned from living outside of their masters' apartments, and legally allowed only one day a week off.

https://www.theguardian.c(...)ess-domestic-workers

The tycoons live in grand country houses up on the hill, passing their real estate monopoly, utility monopoly, transportation monopoly, food supply monopoly, etc., to their children, without paying a dime in tax.

https://www.bloomberg.com(...)rom-tycoons-to-heirs

They did not build any world-class industry. They don't have to. They have written the laws to safeguard local monopoly in perpetuity. All of this is essentially etched in stone in the Hong Kong Basic Law at the time of the Handover, and can not be changed until after 2047. You want "democracy and human rights"? How about giving some of that to the child in the picture below? If anybody gives a da*n about "democracy", he'd at least pay taxes and fund a good public education. Not Hong Kong. Hong Kong tycoons wrote "low tax" into the city's mini-constitution, and fund fewer of its youngsters to go to colleges and universities than the war-wrecked non-state Palestine.



The idea that Hong Kong tycoons care about "democracy" is as ludicrous as the Afghan mujahideens care about "freedom". Hong Kong is losing because only the tycoons and their cronies are allowed to play. It's like you want to do an Olympic 100-meter dash, but only the royalties can participate. OK so you put the Queen, Prince Charles, Camilla, Prince Harry, etc., on the starting, line, and maybe Prince Harry wins and gets the gold medal. Then you go out into the big wide world, where even a West African slave's children can run and compete, among whom there's this guy called Usain Bolt. How do you think Prince Harry will stack up?

It's not that people didn't realize where Hong Kong is going. People have known this for at least 20 years. It was raised even before the handover. But Hong Kong's problems can only be solved by HKers, and the worst aspect of the British political culture, which was unfortunately learned by heart by the HK politicians and people, is basically "solve internal problems internationally, solve economic problems militarily". Well if that's the case, Beijing is perfectly happy to just close off the border, and let HKers burn down the Admiralty themselves.

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Li Shiyang

The thing that a lot of people do not understand about Chinese is that we view property ownership as a very big thing. If you own your own property you are successful and this is extremely true in Hong Kong's case. If anyone has watched HK TV shows from the 80s and 90s, they always have scenes of people queueing up to buy property or discussing about property.

That's how important property ownership is to the Chinese. The tycoons realized this early in their life's and made it their mission to own as much property as possible. That's why pretty much every tycoon in Hong Kong are "real estate tycoons" and not any other kind of tycoons.

The protesters are not really protesting China if their grievances are about terrible living conditions, it's against the tycoons. This is also why the rich are moving their money out of Hong Kong and into other safer havens, because they know when everything is done and dusted, they are next.

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Ian Deng Bo

Such a powerful look into the issues of HK. Why the protesters, instead of collecting a meagre allowances from the CIA-NED, just raid and take over the riches of the many tycoons in HK?Sadly, most people in the world only look superficially to the romanticized ideas of "democracy" and "freedom". The Chinese people, mostly mainlanders, don't care about ideologies such as "communism" "democracy". Their ancestors have gained the knowledge from experience that the only -ism people need is "good lifeism". Kind of similar to Deng Xiao Ping's black cat white cat theory. I seriously doubt the ability of real democracy, let alone those made-believe-democracy we see in many developed countries in the world, to create steady economic developments for developing countries, which in turn benefit its people. P.S, I saw how self-claimed unbiased media such as BBC are so biased in reporting the HK protests and riots, that they would only show a police raising a rubber gun at rioters but conveniently neglecting the part before that when the policeman was surrounded and beaten by the rioters/protestors.

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Op donderdag 1 augustus 2019 13:31 schreef speknek het volgende:
Je bekijkt het verkeerd, China is alleen maar het Oeigoeren gebied etnisch aan het zuiveren, heeft maar meer dan 2 miljoen(!) moslims in concentratiekampen terwijl ze allerhande restricties op de rest leggen, elke moslim gemonitord wordt met een speciale Moslimtracker en het beoefenen van de religie onmogelijk gemaakt wordt. Dat is niks vergeleken bij het westen.

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Op donderdag 1 augustus 2019 12:25 schreef SeLang het volgende:

[..]

Het is bizar dat moslim terroristen zich nog steeds vooral richten op westerse landen waar vrijheid van religie is en moslim immigranten met open armen worden ontvangen, terwijl China massaal moskeeën aan het verwijderen is (kun je gewoon zien op Google Earth).

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According to China’s social media reports, his name is Brian Patrick Kern and holds prior links to the CIA (Central Intelligence Agency), but it is yet to be determined if he’s still employed by the US federal government.

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What does Hong Kong stand to gain and lose? Should it adopt a full democracy and break off from China?

Jiang Jinfu
Answered Jul 21, 2015

The Hong Kong government has demonstrated its inability to govern the city effectively in the past 15 years. Breaking off from China just means that when it falls, nobody will be there to catch it.

UK left Hong Kong in 1997. Portugal left Macau in 1999. Both cities reverted back to China and both agreed to the "one country, two systems" structure, thus both cities are mostly governed by themselves. In 1999 Macau's GDP/capita was half of Hong Kong. Today it's twice as Hong Kong.



The Chinese government is incentivized to help Hong Kong, but the Hong Kong government missed a lot of the opportunities. The issue is not so much about the political systems, but that people are spending too much time on party politics instead of dealing with the issues.

Start with the housing crisis. You see the students demonstrating in the street because the housing price is too high. What you don't know is that this was a problem that the HK government had identified back in 1997. The HK governor at that time, Tung Chee-hwa, pledged to build 85,000 additional apartments a year to alleviate the housing issue. The problem was that the people with houses wanted to see the price increasing every year so they could make a profit, and the housing proposal, coupled with the Asian financial crisis, caused the housing price to drop. The opposition party seized the opportunity and Tung Chee-hwa was booted out. That was the last effort from HK government to deal with the housing crisis. Well, anybody with a pea-sized brain should know that the housing price can not be HIGH and LOW at the same time, thus the HK government can not make the housing have's and have-not's happy at the same time. So now nobody wants to deal with it, because whatever you do, there will be people unhappy and the opposition party will use it to boot you out of the office.

Before 2003 Hong Kong was the only deep-water port in China, and the only major financial center. But these are not advantages that will continue forever, as Shanghai and other Chinese cities build up their ports and financial trading centers. Hong Kong needs to diversify. and the Chinese central government was strongly motivated to help Hong Kong diversify and keep the economy growing.

But then what happened? The HK government tried building out technology parks, including hi-tech ("Cyberport") and biotech, people in HK said no, we only wanted to trade real estate; then they proposed joint IC/electronics development with Taiwan, which was opposed in Hong Kong, and then Shanghai ran over to them and said, how about come to our city to do it? Then they proposed hospitality, flower exchange and trade shows, wine exchange and trade shows, which all died in HK, but then Macau ran over and said, "let me, let me!"...

Finally the Chinese government just offered both Hong Kong and Macau CEPA agreements. Macau took it and was like, great! Now I get to sell more stuff to the mainland, I get to joint develop new industries and grow new revenue streams. Hong Kong was like, no I don't want Chinese tourists, because it's already too crowded, and I don't want them to buy more of our stuff.

https://en.wikipedia.org/(...)tnership_Arrangement

https://en.wikipedia.org/(...)tnership_Arrangement

Why? "Because the Chinese from the mainland are buying up all the baby milk formula" Geez, don't you have this thing called "the free market"? Doesn't higher demand mean more opportunity to make more money? Or do you have Soviet-style planned economy?

Part of the problem is the opposition in HK are more interested in play politics than in letting the government running the city. So far what useful thing they have done for HK apart from walking out of Parliament and demonstrating in the streets.

Because strategically, no opposition party will want to propose a solution until they get rid of the sitting party first, otherwise the sitting party may just adopt the proposal if it sees the proposal gaining support with the public, and then what? The opposition party is still out of power!

That's why Confucius was against party politics since 500BC - because people will always put the interest of the party ahead of the interest of the state.