[pishpash]

China didn't handicap shit. Hong Kong's rise in the first place was entirely due to China's self-inflicted communism and external sanctions in the first decades after the Revolution. (Shanghai was the Paris of the East before that.) Ever since that stopped, Hong Kong was no longer as important by default. Hong Kong's special status was always predicated on somehow China failing, including now (rule of law, etc.).

This is why the underlying sentiment of Hong Kong independence is especially offensive to Chinese sensibilities.