While I am pretty sure that the PRC is making a strategic error where costs will far outweigh gains, that makes me no happier that it looks very much like the Hong Kong we've known (me only from afar) is coming to an end. Freedom retreats; the world gets a little darker.
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...which tends to limit the false-note-maker's freedom of action. Another way to put it is that it 'spends down' a lot of soft-power to make a 'false note' like this. PRC has spent years building up - at great expense - soft power.
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And the PRC's global strategy relies on soft power, at least in the near term, because they cannot project hard power. This degrades that soft power (as you see with shifting political attitudes towards the PRC over last two years), jeopardizing boarder PRC strategic aims. fin.
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