Recent analyses and articles have highlighted the significant impact of China's National Security Law (NSL) on Hong Kong's legal and economic landscape. Jon Hartley, in his latest article for City Journal titled 'Hong Kong’s Legal Erosion', details how the imposition of the NSL by Beijing has led to a dismantling of the rule of law in Hong Kong, stunting the city's economic development. The law has not only suffocated international firms operating in the city but has also led to increased emigration, a decline in valuations of Hong Kong firms, a loss of public confidence in the rule of law, and a plateauing of the city's economic performance. This comprehensive look at the NSL's effects underscores the profound changes in Hong Kong's status as a global financial hub, the collapse of the British legal system there, and raises concerns about its future prosperity.
🇸🇪 "The UK recorded...the largest decline in output in modern history. In Sweden the fall in economic output was actually less than that of the financial crisis of 2008." 📰 Economic Affairs authors Frederik Andersson % Lars Jonung in @spikedonline ⤵️ https://t.co/cQWIcOh15t
After China implemented the so-called National Security Law, emigration from Hong Kong rose, Hong Kong firms’ valuations fell, public confidence in the rule of law cratered, and the city’s economic performance plateaued. https://t.co/264mugdZ3m via @Jon_Hartley_
Hong Kong is no longer booming. Important @Jon_Hartley piece in @CityJournal on the collapse of the British legal system there and its impact on the economy. The Beijing-imposed NSL is suffocating international firms. Link to his academic paper also here: https://t.co/KCg21qYLKe
China has dismantled the rule of law in Hong Kong, stunting the city's economic development. https://t.co/264mugdZ3m via @Jon_Hartley_
My latest article at @CityJournal: "Hong Kong’s Legal Erosion" https://t.co/0AvVkd4S3j
As @Jon_Hartley_ assessed in his recent paper on Hong Kong, the National Security Law is smothering the city's economy. Here's his latest @CityJournal: https://t.co/D4AopZF6nW