Part 6/15:
Another battleground is Hong Kong, where Beijing’s introduction of the national security law and the end of the "one country, two systems" arrangement have elicited strong U.S. and international responses. President Trump signed the Hong Kong Autonomy Act, ending preferential trade status and imposing sanctions. These measures aim to deter further erosion of Hong Kong’s freedoms, but they also hurt Hong Kong’s economy and its role as a financial hub.
Hong Kong residents and firms face a stark choice: adapt to tighter Beijing control or seek refuge abroad. Some, viewing the security law as a severe blow to autonomy, have moved to Taiwan or abroad, fostering fears of a broader exodus that could weaken the city’s global financial standing.