Kyle Hooten reports: Chinese state media is using rap music to rally public support in opposition of Hong Kong protesters, even threatening that the Chinese military can “wipe out” the protesters.
Last week, a state-supported Chinese hip-hop group known as Tianfu Shibia or CD Rev, released a rap video titled “Hong Kong’s Fall.” The song accuses America of supporting the massive protests in Hong Kong, which are aimed at preserving some of the region’s sovereignty from China, and threatens the death of the protesters. The group is supported by the unilateral Communist Party of China, according to the Guardian.
“There are 1.4 billion Chinese standing firmly behind Hong Kong police,” the lyrics state. “They will always protect Hong Kong without any hesitation. Airplanes, tanks and the Chinese People’s Liberation Army all gathering in Shenzhen waiting for command to wipe out terrorists [protesters] if needed.” Read the rest of this entry »
Kaput. Fini. Terminado. 完. законченный. Done. Over. No more.
Dan Harris writes: Not sure why nobody has just come out and said this yet, but Hong Kong as an international business and financial center is no more. I take no comfort in saying this because I have many friends in Hong Kong and I’ve always loved going there, but Hong Kong’s special position is over. Kaput. Fini. Terminado. 完. законченный. Done. Over. No more.
I challenge you to say “one country two systems” with a straight face.
For the last few months I have been relentlessly asking everyone I know in Hong Kong or who used to be in Hong Kong or who at one time contemplated setting up a business in Hong Kong how what has been happening in Hong Kong has and will or would impact their doing business in Hong Kong. Based on those responses and on my own experience with how international companies operate, I foresee the following:
- Companies that were deciding between Hong Kong or Singapore for their Asian headquarters will choose somewhere other than Hong Kong.
- Growing companies with offices in Hong Kong and with offices somewhere else in Asia will increase their hiring outside Hong Kong and decrease or eliminate their hiring in Hong Kong.
- Companies with offices in Hong Kong and with offices somewhere else in Asia will be move personnel from their Hong Kong office to their other offices.
- Fewer contracts will be drafted with Hong Kong as the venue for arbitration.
- Companies will move their Hong Kong bank accounts elsewhere. It is no coincidence HSBC stock hit its 52 week low today.
- Travelers will choose somewhere other than Hong Kong as their Asia stopover. It is no coincidence Cathay Pacific stock hit its 52 week low today.
- Many Hong Kongers will eventually go elsewhere.