Questions Mount Over Hong Kong’s Business Future
With Hong Kong’s Parliament poised to consider a controversial extradition bill tomorrow, analysts are wondering what effect the new measure — which critics say could subject residents to China’s notoriously arbitrary legal system — might have on the territory’s reputation as an international business hub. “The credibility of Hong Kong is now on the line,” said the president of the American Chamber of Commerce.
How are locals fighting back? Scores of small businesses, from coffee shops to nail salons, have pledged to close their doors Wednesday in protest against the bill, which will most likely pass.
Check out OZY’s Newsmaker profile of Hong Kong leader Carrie Lam.