So, it looks like the US has already moved to revoke the special status for Hong Kong to trade tariff free with the US in anticipation of today’s vote. This is going to be a big blow to both Hong Kong and the CCP, though I haven’t heard of any other nation making a move like this. Just protests about what the CCP is doing.
I think this is going to have a huge ripple effect that the CCP just isn’t seeing. If you are a business, how can you trust your investment in China when the CCP can, at a whim, revoke any agreement it has at any time?
I think businesses have always known that threat was there in the background. Any investments located in China are subject to confiscation by the regime. The Chinese government has even been relatively open about that possibility.
But a lot of businesses made the choice to focus on the short term advantages and not think about the risks.