“This is the end of Hong Kong,' pro-democracy lawmaker Dennis Kwok says. 'This is the end of ‘One Country Two Systems.’ This is it. Make no mistake about it.'
would allow Beijing to send its security agents to operate freely in the former British Colony to “fulfill relevant duties to safeguard national security in accordance with the law.”
Hong Kong holds a special economic status under U.S. export and trade regulations; China's new proposal threatens, by some estimates, $38 billion of trade between the U.S. and Hong Kong and imperils the offices hundreds of U.S. companies have there. Beijing says that the law “takes necessary measures to establish and improve the legal system and enforcement mechanism” to “safeguard national security, as well as prevent, stop and punish activities endangering national security.”
Chinese Premier Li Keqiang, however, did announce that the country would increase its defense spending by 6.6% as the relationship between China and the United States continues to crater. “Those that find the news encouraging and comforting are invariably those who have the [Hong Kong’s] stability, prosperity and rule of law in their hearts,” it wrote. “Those speaking ill of it mostly have an ax to grind when it comes to the Chinese mainland.”
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