A man exchanges Hong Kong dollars for US dollars at a money changer in Sham Shui Po on May 29. People have been exchanging Hong Kong dollars in fear of the currency dropping in light of the new national security law. Photo: Edmond So A man exchanges Hong Kong dollars for US dollars at a money changer in Sham Shui Po on May 29. People have been exchanging Hong Kong dollars in fear of the currency dropping in light of the new national security law. Photo: Edmond So
A man exchanges Hong Kong dollars for US dollars at a money changer in Sham Shui Po on May 29. People have been exchanging Hong Kong dollars in fear of the currency dropping in light of the new national security law. Photo: Edmond So
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Great power competition between China and the US poses risks to Australian and Hong Kong dollars

  • White House’s public embrace of rivalry suggests that economies with high exposure to China could be forced to make difficult choices soon
  • Decision to remove Hong Kong’s special status opens the door to speculative attacks when higher interest rates would increase economic pain

A man exchanges Hong Kong dollars for US dollars at a money changer in Sham Shui Po on May 29. People have been exchanging Hong Kong dollars in fear of the currency dropping in light of the new national security law. Photo: Edmond So A man exchanges Hong Kong dollars for US dollars at a money changer in Sham Shui Po on May 29. People have been exchanging Hong Kong dollars in fear of the currency dropping in light of the new national security law. Photo: Edmond So
A man exchanges Hong Kong dollars for US dollars at a money changer in Sham Shui Po on May 29. People have been exchanging Hong Kong dollars in fear of the currency dropping in light of the new national security law. Photo: Edmond So
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