Illustration: Craig Stephens
Derwin Pereira
Opinion

Opinion

Derwin Pereira

Why Beijing hasn’t cracked down on Hong Kong, yet: it can afford to bide its time

  • A military crackdown in Hong Kong would lose China its coveted place at the table of great powers
  • Beijing can cope with a Hong Kong that recedes into global economic irrelevance but will not tolerate a challenge to its sovereignty
Illustration: Craig Stephens
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