In China, having
further consolidated his power through the “
two sessions”, the annual meetings of the national legislature and the top political advisory body, President
Xi Jinping continues to embark on the revival of the Chinese people. The country envisions unification with
Taiwan, considered an integral part of Xi’s great revival dream.
Trump’s America, however, appears to stand in the way of China’s grand scheme, leading some to predict that the US and China will fall into the
Thucydides Trap – when an established power’s fear of a rising power leads to war. Hong Kong must stay alert to ensure that it is not a collateral casualty in the crossfire, as the US and mainland China are two of its major trading partners, and Hong Kong should be cautious of being used as a pawn in the power rivalry.
By value, more than 60 per cent of Hong Kong’s re-exports originate from China, and, according to the census data, some 9 per cent of China’s exports to the US and about 7 per cent of its imports from America were shipped through Hong Kong’s port in 2016. Furthermore, Hong Kong’s currency is pegged to the US dollar. Any conflict between mainland China and the US leading to volatility in the US dollar will wreak havoc on our financial system.
In his speech at the conclusion of the annual session of the
National People’s Congress, Xi sent stern warnings to Taiwan’s separatists. In remarks that received thunderous applause from delegates, he warned that any attempt by Taiwan to be independent would be met “with the punishment of history”.
Analysts believe that Xi is using a carrot-and-stick approach to make Taiwan succumb to Beijing’s unification plan. On the eve of the two sessions, China announced
a total of 31 policies offering preferential treatment to the Taiwanese but
it is widely speculated that Beijing will not shy away from using force should these tactics eventually fail to woo Taiwan.
Xi’s red line for Taiwan also has relevance for Hong Kong. In the past few years, Hong Kong has seen growth of
localism and separatism. Though held at bay now, intermittent voices clamouring for separation from China can still be heard.
Certainly Beijing would like a peaceful unification process with Taiwan. But this is seen as the last offer, and Beijing will wield the stick if Taiwan’s separatism grows. The same seems to apply to Hong Kong.
In his report at the beginning of the Two Sessions, Premier
Li Keqiang vowed that Beijing would offer Hong Kong full integration into the nation’s grand development plan, but that any attempts to taunt Beijing’s stance on separatism would mean swift responses from Beijing. Hong Kong should remain an active participant in China’s pursuit of the Chinese dream.
Dr Eugene Kin-Keung Chan is president of the Association of Hong Kong Professionals
This article appeared in the South China Morning Post print edition as: China-US feud means trouble
for Hong Kong