Popular
The CappThesis Market Strength Indicator: What It’s Telling...
These 25 Stocks Drive the Market: Are You...
What Happens Next for the S&P 500? Pick...
3 Stocks Seasoned Investors Should Watch
Here’s What’s Fueling the Moves in Bitcoin, Gaming,...
Crypto Market Recap: Bitcoin Hits All-Time High as...
DoD Invests US$400 Million in Rare Earth Firm...
JZR Gold Inc. Announces Private Placement Offering of...
Top 5 Canadian Mining Stocks This Week: Avanti...
How I Triple My Returns With 3x Leveraged...
  • Home
HotInvestingPilots.com
  • Politics
  • World News
  • Stock
  • Investing
World News

In Hong Kong, Xi says ‘one country, two systems’ is here to stay

by July 1, 2022
written by July 1, 2022

HONG KONG — There is no reason to change Hong Kong’s “one country, two systems” formula of governance, Chinese President Xi Jinping said on a rare visit to the global financial hub after swearing in the city’s new leader, John Lee, on Friday. 

Britain returned Hong Kong to Chinese rule on July 1, 1997, with Beijing promising wide-ranging autonomy, unfettered individual rights and judicial independence at least until 2047. 

China’s critics accuse authorities of trampling on those freedoms, unavailable on the authoritarian mainland, with a sweeping national security law imposed by Beijing on the city in 2020 after mass pro-democracy protests the year before. 

British Prime Minister Boris Johnson and US Secretary of State Antony Blinken said on Thursday that China had failed to meet its handover commitments. 

China and Hong Kong reject the accusations, saying the law “restored order from chaos” so that the city could prosper. 

Mr. Xi said the “one country, two systems” formula was successful under China’s “comprehensive jurisdiction.” 

“For this kind of good system, there is no reason at all to change it. It must be maintained over the long term,” Mr. Xi said. 

“After experiencing wind and rain, everyone can painfully feel that Hong Kong cannot be chaotic, and must not become chaotic again … Hong Kong’s development cannot be delayed again, and any interference must be eliminated.” 

Mr. Xi added China would support Hong Kong’s role as an international finance and trade hub. 

At the swearing-in ceremonies, all officials, including Mr. Xi, wore masks and did not shake hands. 

Former police officer Mr. Lee, sanctioned by Washington over his role in implementing the security law, takes charge as the city is facing an exodus of people and talent amid some of the toughest coronavirus disease 2019 (COVID-19) restrictions in the world. 

Authorities deployed a massive security force, blocking roads and the airspace around the picturesque Victoria Harbour, where the last colonial governor, Chris Patten, tearfully handed Hong Kong back to China at a rain-drenched ceremony in 1997. 

Red lanterns, Chinese and Hong Kong flags, and posters declaring a “new era” of stability decorated districts across the city. 

Mr. Xi did not attend the traditional flag-raising ceremonies on Friday, with media reporting he stayed overnight across the border in Shenzhen after arriving in Hong Kong on Thursday. 

Mr. Xi’s visit to Hong Kong is his first since 2017, when he swore in outgoing leader Carrie Lam and stayed in the city for the duration of his trip. His overnight whereabouts this time, and the reasons why he may have chosen Shenzhen, have not been officially confirmed. 

Hong Kong recorded more than 2,000 daily COVID cases on Thursday, levels which would prompt tight restrictions in any mainland city. China is alone among major countries in choosing to eliminate outbreaks as soon as they occur, at all costs. 

‘GREAT REJUVENATION’ 

Some analysts see Mr. Xi’s visit as a victory tour after Beijing tightened its control of Hong Kong. After arriving in the city on Thursday, Mr. Xi said the city had overcome its challenges and “risen from the ashes.”

“What happened over the past 25 years has proven that the future and destiny of Hong Kong must be in the hands of the patriots who would cry proudly for being Chinese,” nationalist tabloid Global Times, published by the Communist Party’s official People’s Daily, wrote in an editorial. “The great rejuvenation of the Chinese nation is irreversible and Hong Kong’s tomorrow will be even brighter.” 

The handover anniversary has traditionally seen thousands march to voice grievances over everything from sky-high property prices to Beijing’s grip over the city, including during Mr. Xi’s last trip to Hong Kong. 

On July 1, 2019, during the anti-government protests, demonstrators stormed and ransacked the city’s legislature. 

No protests are taking place this time, with the most outspoken opposition politicians and democracy activists either in jail or self-exile. 

“It is the end of an era, it is the end of ‘one country, two systems,” exiled Hong Kong activist Samuel Chu told Reuters from Oslo, Norway. “This is a city that is no longer recognizable.” — Meg Shen and James Pomfret/Reuters

0 comment
0
FacebookTwitterPinterestEmail

previous post
In Huge Blow to Joe Biden, Manchin and Sinema Will NOT Kill Filibuster For Abortion Law
next post
BOMBSHELL: Recent Event Between the Government (the FBI, DOJ, CISA, and EAC) with Liberal Groups (ERIC, CTCL and Elections Group) and Corporations Like Microsoft Uncovered – What’s Going On?

Related Articles

At least four killed and many ‘kidnapped’ in...

July 10, 2025

Universities threatened with funding cuts under proposed plan...

July 10, 2025

A piece of the illegally felled Sycamore Gap...

July 10, 2025

EU’s von der Leyen survives parliament confidence vote...

July 10, 2025

Critics slam Mexico’s gentrification protests as xenophobic. Activists...

July 10, 2025

A torpedoed US Navy ship escaped the Pacific...

July 9, 2025

Germany accuses China of laser targeting aircraft in...

July 9, 2025

More than 200 children found with high lead...

July 9, 2025

Russia launches record drone attack on Ukraine after...

July 9, 2025

Desperate Gaza doctors cram several babies into one...

July 9, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • The CappThesis Market Strength Indicator: What It’s Telling Us Now

    July 12, 2025
  • These 25 Stocks Drive the Market: Are You Watching Them?

    July 12, 2025
  • What Happens Next for the S&P 500? Pick Your Path!

    July 12, 2025
  • 3 Stocks Seasoned Investors Should Watch

    July 12, 2025
  • Here’s What’s Fueling the Moves in Bitcoin, Gaming, and Metals

    July 12, 2025
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 hotinvestingpilots.com | All Rights Reserved

HotInvestingPilots.com
  • Politics
  • World News
  • Stock
  • Investing