The shutdown of Apple Daily in Hong Kong is a big deal. The paper has ample money, but the banks in this notionally independent and free financial hub are refusing to do business with them. This was one of the red lines that Beijing was supposed to be afraid to cross.
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One plea I have to fellow Americans is to not condition your opinion on China with how it plays in our domestic politics. I keep a list of great HK twitter accounts that's a good starting point if you want to learn more and form your own opinions: https://twitter.com/i/lists/1166351252650958850 …
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The National Security Law was enacted to provide a veneer of legality so that multinationals are not spooked away from relying on Hong Kong's notionally independent, British-derived legal system. The task ahead is to make sure this situation is not normalized and tolerated.
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Courts are either independent or they're not. There can't be a halfway point where contracts and corporate charters are enforced fairly, but the law is arbitrary when it comes to political crimes. We have to make clear the NSL will destroy Hong Kong's future as a financial center
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End of conversation
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Why trust HK courts anymore?
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I think Kyle Bass & Guo discussed this exact scheme. What is happening in the upper echelons of the leadership where they decide to bite the hand that feeds them? At this rate, the US won't even have to lift a finger.
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