On Breakingviews – Volatile Hong Kong poses a supply-chain quandary, says jgfarb:
An injured photographer and first aid react from tear gas during a standoff with riot police at the Chinese University of Hong Kong, Hong Kong, China November 12, 2019. REUTERS/Tyrone Siu
Hong Kong boasts an admirable track record of surviving shocks, from regular typhoons to the SARS epidemic. Five months of demonstrations this year, however, present an unprecedented challenge. A day after police shot a protester at close range, college students battled law enforcement in a prolonged and fiery standoff. Tear gas was fired in the crowded central business district at lunchtime.
So far, there have only been small signs of financial capital flight. Bigger changes are becoming inevitable, though.
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Volatile Hong Kong poses a supply-chain quandaryWeekday tear gas in the heart of the financial centre means companies can no longer ignore protests. For some, moving will be as hard as it has been for toymakers to shift factories out of China. The brain drain risk is real, though, and the cost of doing business only rises.
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Protesters hit Hong Kong transport network as city spirals into chaosHong Kong's leader Carrie Lam has pledged to 'spare no effort' in bringing an end to anti-government protests that have wracked the city for more than five months, following a day of violence in which one person was shot and another set on fire.
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