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October 1st, 2014
No, Shanghai Can't Replace Hong Kong
by William Pesek If there’s any likely winner from China’s unprecedented […]
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Team AECImage by © Dreamstime
by William Pesek
If there’s any likely winner from China’s unprecedented clampdown on Hong Kong, it’s Singapore.
All the tiny city-state needs to do to attract the giant banks, hedge funds and multinational firms currently clustered in Hong Kong is sit back quietly as Beijing’s henchmen do their worst. The firing of teargas at peaceful demonstrators over the weekend marked a chilling assault not just on Hong Kong’s civil liberties, but on the city’s economic future.
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