Economist Podcasts Break a LegCo: Hong Kong’s protests boil over
Jul 2, 2019
In this engaging discussion, David Rennie, Beijing bureau chief for The Economist, shares sharp insights on the escalating protests in Hong Kong and the struggle for universal suffrage amid tightening governmental control. He explores the strategic responses from Beijing and the sentiments among local residents torn between political expression and economic stability. Meanwhile, Greg Karlstrom, Middle East correspondent, delves into the dynamic and often opaque nature of Gulf sovereign wealth funds, highlighting their bold investments and contrasting them with ethical guidelines in Norway.
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Beijing's Strategy in Hong Kong
- Beijing likely allowed Hong Kong's government to postpone the extradition bill as a tactical retreat.
- Similar instances occurred in 2003 and 2012, followed by subtle tightening of control.
Protesters' Perspective
- Hong Kong protesters see the local government as a proxy for Beijing, understanding that concessions require Beijing's approval.
- Despite directing demands at the Hong Kong government, the underlying anger towards Beijing remains.
Future of Hong Kong
- The protests will not increase Hong Kong's freedom or democracy but are a defensive effort to preserve existing freedoms.
- Beijing will likely further tighten its grip through methods like media control and funding pro-Beijing politicians.