In view of Beijing’s growing control over Hong Kong, Davis said the grim reality may be that many Hongkongers will emigrate. “I think Hong Kong people mostly have very little hope at this point. And so then the question becomes: What next? My guess is that we’ll see lots of immigration.” This would be an incalculable loss to Beijing. “Hong Kong has been an extraordinarily valuable asset to China. It’s basically China’s New York or London so we just don’t know the cost of this diminution of Hong Kong that occurs if these hardline policies are not pulled back.”
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