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CURRENT EVENTS  POLITICS  ECONOMY

14 Mar 2021

“If the US and other Western countries decide to inflict greater and more substantial damage to Hong Kong or even China, such as totally destroying Hong Kong's status as an international financial center, they should be prepared to abandon a huge number of interests related to the city as such sanctions on trade or finance would just be like a nuclear attack triggering mutual assured destruction economically and financially. The US and UK are different from other Western countries and major EU members like France and Germany on this matter, because China's latest move did create huge losses for the US and UK in Hong Kong. Behind the pretext of 'democracy', the real reason why Washington and London are extremely anxious at this moment is that "their long-lasting plan and huge amount of input in Hong Kong - to breed pro-West proxies or opposition parties to gain political power through the problematic election system - is totally doomed. Other G7 members or major EU powers don't share their pain, so not every Western country desires to escalate their confrontation with China on Hong Kong, so the 'long fight' with the West on Hong Kong is, in fact, mainly with the US and the UK.”

Xiang Lu
Xiang Lu
   Analyst
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Specialist on US affairs at the Chinese Academy of Social Sciences
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  • 14 March 2021
  • 14 March 2021
  • China
  • Not Specified
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