The Hong Kong issue is a ＂trap＂ for Beijing

Source: Voice of Germany

Quot; Half of the flights flying from the Mainland are empty. Luxury hotels have made low prices to recruit guests, stores closes to customers, and those hot restaurants have no longer needed to book seats in advance: in the past few weeks or even monthsHong Kong's severe economic crisis is an unreasonable fact.quot;

Frankfurt reported from these phenomena and paid attention to the economic difficulties faced by Hong Kong under the wave of continuous protests.The data released by the Hong Kong government has officially announced that the city has fallen into a depression.

After briefing the relevant data, the reporter analyzed that in this case, Hong Kong faced the threat of capital outflow.A number of financial industry giants including UBS, HSBC and Credit Suisse have revealed that they have opened new accounts outside Hong Kong among Hong Kong customers and transferred their funds to Singapore or Singapore orThe number of people in the United States and other places is increasing, in order to quot; before Hong Kong fire, put money in a safe place Quot;.

Quot; Although the Hong Kong Government still denies that large -scale capital outflows have occurred, and the exchange rate of Hong Kong dollars in exchange for the US dollar is still stable, the results of the questionnaires conducted by members of the US and German Chamber of Commerce are very clear.If you go on, these business people will consider leaving.quot;

Last week, Wolfgang Niedermark, President of the Hong Kong German Chamber of Commerce, said in an interview with Frankfurt that German enterprises have temporarily maintained confidence in Hong Kong, but also issued a clear warning: the patience of German companies; not without quot;EssenceHe also revealed in September this year that some German companies engaged in luxury or hotel industries were deeply hit by continuous demonstrations.Many people have prepared short -term emergency plans, planning a more cautious budget for 2020 and adjusting their operations.

New Zurich reporter Matthias Muuml; LLER also pays attention to the impact of protests on the position of Hong Kong as a financial center.Quot; Although there is an argument that Singapore has made a profit from the turbulent fisherman in the previous British colony, but this argument has not been confirmed-at least for the time being.Although some investors may be considering whether to transfer capital to Southeast Asia, the timing of actual action has not yet arrived.The representative of a financial institution believes that only when Beijing puts the People's Liberation Army into Hong Kong's control situation, a large -scale capital outflow will occur.From the current point of view, the situation has not yet developed to that point.quot;

This comment article pointed out that the Chinese party and state leaders ... in the 70 -year National Day speech, the importance of Quot; one country, two systems, and quickened;Quot; ... it should not just talk about it, because maintaining Hong Kong's economic status is of great significance to Beijing.For Chinese companies, this former British colony is a door to the international financial market.Even if Beijing can continue to open the mainland financial sector as promised, it takes a long time for cities like Shanghai and Shenzhen to form competition with Hong Kong in this area.In Hong Kong, investors can trust the effective, complete and independent judicial system here, but mainland China is far from this level.quot;

Nevertheless, once the situation in Hong Kong has further intensified and completely lost control, will Beijing think that it is necessary to adopt military intervention?The author pointed out that once the army is dispatched, the consequences will be unimaginable.Quot; The West will be isolated in China and sanctions on this country.The rise of China's economic rise will be suspended because of dependence on foreign technology.China is no longer capable of challenging the existing world order.The question is, who will imagine such a scene and who wants the situation to upgrade to this point.Are those demonstrators?From the consideration of their own interests, they should not consider their future as children's plays?Or is there really so -called foreign forces behind these protests and want to challenge Beijing?China's leaders obviously have a wise staff on this important issue. They have adopted a more prudent attitude so far, and they have not risked into the trap of Hong Kong.Because as long as this game of chess takes one wrong step, you have to pay a serious price.quot;