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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You either protect property rights or you don't. China seems to side on not protecting property rights. And for the short term I imagine companies will continue to give them the benifit of the doubt.
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Long term China might be relying on their debt trap diplomacy and position as the largest market as a way to shield themselves from getting cut off from the international market.
End of conversation
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Why not? I don't see a mechanism that couples them.
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Here in Singapore there’s a lot of talk about how the real estate market is on fire at the moment because folks are leaving Hong Kong in droves to come here.
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