| The leverage Hong Kong has over China is the status as a financial hub for capital flow, not military [1]. Also, given that China will keep its military in barracks during this protest [2], the presence of military is irrelevant. If the capital flow is restricted, it severely hurts China, especially when she needs foreign capital where her credit expansion is unsustainable, not to mention the ongoing trade tariffs. The resistance knows this, that’s why they are supporting the “Hong Kong Human Rights and Democracy Act of 2019”, a bipartisan bill introduced by US Representative Jim McGovern and Senator Marco Rubio [3]. The bill demands true democracy in Hong Kong—universal suffrage for the legislative council and the chief executive—which is what the resistance wants. I read somewhere that the bill is expected to pass by end of 2019. In addition to real change in how elections will be done in Hong Kong, the bill specifically targets Hong Kong officials and businesses who are restricting the democracy in Hong Kong and will freeze their assets in the US. It is fair to say that many businesses who are pro-Beijing do so out of financial interests, so this bill will make them think twice before taking side. > It's easy to find the leaders and make them disappear. The protest went on for so long because it has no leader [4] (this took me some time to realize). [1]: To see the importance of Hong Kong, let me quote “Economic and Trade Information on China” of HKTDC (https://hkmb.hktdc.com/en/1X09PHBA/hktdc-research/Economic-a...): Hong Kong is the largest source of overseas direct investment in the Chinese Mainland. By the end of 2018, among all the overseas-funded projects approved in the Chinese Mainland, 46.3% were tied to Hong Kong interests. Cumulative utilised capital inflow from Hong Kong amounted to US$1,098.1 billion, accounting for 54.1% of the national total. Hong Kong is also the leading destination for China’s FDI outflow. According to Chinese statistics, by 2017, the stock of FDI going to Hong Kong accumulated to US$981.3billion, or 54.2% of the total outflow of FDI. [2]: https://www.reuters.com/article/us-hongkong-extradition-pla-... [3]: https://www.hongkongfp.com/2019/07/12/hongkongers-us-launch-... [4]: https://www.bbc.com/news/technology-48802125 |