for those of us who are less well acquainted in kong with hong kong it may have seemed a bit surprising at 1st that what appeared to be a procedural law would provoke this level of mass resistance in fact you called it heroic resistance what exactly is at stake and why is it that you think this year roic resistance is likely to prove futile well that's a lot to me what was a stake this was a rich man this was an idea the idea is to. allow the courts to extradite people to china or taiwan with who doesn't have an extradition treaty has been around for a long time and never went anywhere and then there was a case about a whole can couple of very young went to tehran and came back that gave kerry lamb puppet of beijing the excuse to suddenly accelerate that which made everyone think that she wants this not to extradite the alleged murderer that that was it was a murder case to taiwan because by the way taiwan said we don't want this anymore once they figure it out but to open a back door into the hong kong judicial system which is based on english common law and still is pretty clean but t

growing resistance of hong kong. china will eventually. and finally we're very pleased to have with the activist he was involved in the umbrella movement that emerged during the hong kong democracy protests in 2014 he was granted asylum in germany last year he says we don't want hong kong to become just another city in china. so welcome to all of you let me ask you just start out by talking a little bit about the current situation even after the suspension of the proposed extradition law the protesters have made it clear they're not calling it quits apparently messages have been circulating on social media your social media expert calling for protesters to escalate their actions quote unquote what could that mean what do you expect the protesters on now organizing. demonstrations and. i think they don't expect to have such. to which they fall then they stay what they said that they would come back that. the chief executive said it will be withdrawn and that they also. charges on the protesters who were arrested so we

well 1st of all the fact that there are demonstrations in hong kong speak to the fact that hong kong is a democracy people in hong kong have the right to protest and demonstrate they need to do that within the rule of law of cause secondly for china and hong kong one country 2 systems they are 2 different jurisdictions or god continues to practice what we call capitalism or democracy in the sense where as meaning china practice is socialism. with chinese characteristics they are more or less 2 different jurisdictions now for a tradition deal to be executed between or among different jurisdictions that's the rule farm in the world many countries or many regions have such an arrangement china have such execution arrangements in practice or theory with many countries and regions and also it is true that in the world today there are many criminal offenses which are happening across bungler is across different jurisdictions therefore going forward is specially in the internet age to have a tradition will become more and more common practice right ok for it to be surprising that a male in

of hong kong. jerry how far would you expect the government to go to suppress a protest if as you said there are continuing rallies. escolha tory actions even what do you think the government's likely to do -- i think the suppression of the protest will only be justified if they it's clash and violins. all yeah clash between police and protesters and so as long as the protesters they keep a calm. and remain peaceful i don't think the government has a reason to stop people going on the streets just to say things that. they wouldn't like and so we'll have to see it like what the protesters plans are -- in but i wouldn't say the government will still make a lot of the efforts. to to hi ed this bus the people. address it's sometimes difficult to get a reading on carrie lam at least i find -- the chief executive of hong kong -- at times in the beginning she sounded like the mother of a recalcitrant child very strict. then when she apologize she actually sounded at least genuinely distressed you said she

—— and hong kong.sters, the court said they had no business arresting them and ordered them to be released. the exceptional seems to be something that will undermine the things that makes hong kong distinctive. ultimately didn't really achieve what the protesters were trying to do, is this different? can this change this one country, to systems situation? it just change this one country, to systems situation? itjust doesn't seem that thatis situation? itjust doesn't seem that that is feasible. it's hard to imagine changing it. it's partly an effort to prevent erosion of things that i wrote on going on, it's driven in part by a sense that we should all be aware that there has been a tightening of all forms of control across the prc in recent yea rs control across the prc in recent years which is very worrisome around there. but i think one of the things that's important and i was in hong kong briefly during the arbella movement, i was here, kong briefly during the arbella movement, iwas here, i kong bri

well 1st of all the fact that there are demonstrations in hong kong speak to the fact that hong kong is a democracy people in hong kong have the right to protest and demonstrate they need to do that within the rule of law of cause secondly for china and hong kong one country 2 systems they are 2 different jurisdictions how god could do this or pact is what we call capitalism or democracy in the sense where as meaning china practice is socialism. with chinese characteristics they are more or less 2 different jurisdictions now for a tradition bill to be executed between or among different jurisdictions that's the rule farm in the world many countries or many regions have such an arrangement china have such execution arrangements in practice or theory with many countries and regions and also it is true that in the world today there are many criminal offenses which are happening across bangor is across different jurisdictions therefore going forward is specially in the internet age to have a tradition will become more and more common practice right ok for it will be surprising that we do

how did the authorities in hong kong react next? there has clearly been an escalation in the situation today. what is the equation for them? how do they deal with it going forward? question on is the everyone's lips. we do know that carrie lam, the leader of hong kong, pledged she would commit herself to this law. she has called for calm. the video from hong kong we are seeing at the moment, just after 11:00 p.m. wednesday night, indicates a little bit of a standoff. teargas and riots, batons being used, but at the moment this seems a relative degree of calm. it could be that the hong kong authorities are trying to ease the situation rather than let it get worse. in the last hour, we had the foreign secretary from britain, jeremy hunt, come out and remind hong kong that the city is subject to an agreement between margaret thatcher's government and the chinese government in 1984, in which a high degree of autonomy was guaranteed. here recommending discussions to ensure that any legislation undertaken from hong kong meets that pact. a

hong kong zaza. protesters filled the length of the route of the march and spilled over into adjoining streets ah well before the shed you will start time the crowds began forming at the starting point they say hong kong's freedoms within china are being further eroded and a calling on the chief executive kerry lam to quit and we will not stop until we get true democracy in hong kong because even in parallel with that doll the system is still unfair we do not have through the month a real we do not have a election most protesters will black to show their anger towards lam and the hong kong police and many carried white flowers in memory of a man who fell to his death the night before the march while putting up a protest banner. the incident adding to a sense of bitterness towards a government they say doesn't listen to them i don't think i'm alone in the sense that at least we only have the staying out does carry a lamb support your city. your face of course holder said pick this up because. they may

investment banker in hong kong, you have absolutely no rationale to stay in hong kong.ove to singapore or move your assets out of hong kong. the reason you are seeing a spike is the mass of the quiddity shortage in hong kong. >> president trump says he has no official deadline for china returning to trade talks. washington saying aging the negative on the terms of a deal d on the terms of a deal. president trump is also stepping up his criticism of germany, threatening berlin with sanctions over support for a new gas pipeline with russia. lead -- leaveld germany hostage to russia. he might move troops to poland because of berlin's low spending on defense. and spacex has launched free canadian satellite that would take scans of the country. they took off from a military base in california and were deployed successfully and hour later. the canadian space agency says images.l provide global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ed ludlow. this is bloomberg. shery: let's get b

hong kong and we don't want that to happen and we don't want hong kong just to become and like in our the city in china right you won't and alan lee were taken into custody in 2016 the accusation there where involved in violent riots one of their fellow companions was sentenced to 7 years in prison on the same charge but the 2 feel the punishment is disproportionate fearing what might happen the 2 fled to germany while on probation they lived in limbo for 6 months until germany granted them political asylum. i think the history of germany true for me personally is quite encouraging because after i came to germany i pop with some old german they told me that. when they were young they had never imagined germany west germany would be. united a reunion again but somehow it happened saw. that those german told me don't lose my home because everything could happen both men hope for hong kong homeland where democracy and the rule of law prevail just like in germany. joining us now is mine cape town of amnesty international hong kong man k. now that germany has done this do you expect other

it is hong kong.r barclays team, how discrete is the hong kong economy from the rest of china? christian: obviously, hong kong over the past decade or so has become more closely aligned with china and has benefited from the trade, capital flows that have found their way into hong kong. none of this has been clamped down. the bigger picture is whatever happened to hong kong, china overall may be getting to a critical juncture whereby according to our forecast, china growth will slow below 6% next year. that is something we have not had since 1990 and how does china deal with this, the party being a party that delivered rapid income growth, and the promise was to escape the middle income trap. now we are seeing the situation where chinese growth is likely to slow. will they accept it or become more draconian? this with a population, not only in hong kong, which are, but in the chinese cities where there is a middle-class limited access to social media. this may be a crucial point for china in the coming

i think it's the most serious challenge to the autonomy of hong kong and to the rule of law in hong kong since we left in 1997. at least 3 people are reported to have been killed in sudan, on the first day of a campaign of civil disobedience. one of the leading contenders to become britain's next prime minister admits committing a crime when he took cocaine 20 years ago. hello, and welcome. hong kong's police chief says his force will bring to justice those who participated in violent clashes that followed one of the biggest marches the territory has ever seen. organisers say as many as one million people took to the streets on sunday, to protest against controversial new extradition laws. the authorities put the figure atjust under 250,000. 0ur diplomatic correspondent james robbins reports. late into the night, a series of clashes between hong kong police and protesters determined to resist what they see as further erosion of their already limited rights. after a peaceful day, a far more troubled evening. some demonstrators piled high metal barriers, and pushed them towards police surr

i think it is the most serious challenge to the autonomy of hong kong and the rule of law in hong kongnd the rule of law in hong kong since we left in 1997. i'm kasia madera in london. also in the programme: one of the leading contenders to become britain's next prime minister admits committing a crime when he took cocaine 20 years ago. and we meet one of the london—based students whose idea for helping rice farmers in asia has won them a million dollar prize. good morning. it's 8am in singapore, one in the morning in london — and the start of a new day in hong kong, where the police chief said his force will bring to justice those who participated in violent clashes that followed one of the biggest marches the territory has ever seen. organisers say as many as one million people took to the streets on sunday, to protest against controversial new extradition laws. the authorities put the figure atjust under a quarter of a million. this report from our diplomatic correspondent james robbins. late into the night, a series of clashes between hong kong police and protesters determined to r

for more on this i'm joined from hong kong by amnesty international's hong kong director. mr dan good to see you and thank you for making the time for us. the leader of on kong has said the government will in any case go through with this bill as part of what she called the government's commitment to hong kong other planned protests on wednesday therefore futile. well i don't think so will carry them to push forward with these changes is actually an insult to the one we in. this week's on sunday who call for the danger as a citizen i managed to be wrong it is wrong. i was 8 that is the policy on this and equal but then the government doesn't seem to be listening to the people and this is not the 1st time protest such as these are happened in the streets of hong kong. well i i see what you mean and i think that we have been through the sky and know that's the ration not only this time but also. when the national security law was proposed also. all. the young. and bold we manage to. do all the national security at all and then. we actually opt to. be a. new democratic. off l

he is in hong kong. steve, what is the latest customer steve: what we are hearing is that the pan democrats are having a conference or scrum right now in the legislative conference behind me. it on youritor bloomberg terminal, as well, at the hong kong anchor desk pretty much calling for the chief , to step, carrie lam down. they did use quite significant for us to clear out the protest yesterday, late afternoon, early evening, and into the night as they push them down from here in admiralty toward central, using, as you said, rubber bullets, tear gas, pepper spray, beanbags, even projectiles to keep the protesters at bay. this morning, the weather, there is an amber rain alert, which means heavy rain and flooding. just within the last hour, there was extremely heavy rain. perhaps, that is keeping the protesters at bay for now. they have vowed that they will keep up the fight until the legislators decide, or if they do withdraw it. that is what they want creed but so far, from the chief executive theye l

hong kong policy act and this essentially gives trading privileges to hong kong in its ties with the united states the united states effectively treats hong kong as a separate entity but the u.s. is now saying that unless the hong kong government shells this proposed extradition law then the united states might have to reassess that relationship that it has with hong kong now those words which were really unsettle the business community in hong kong and also actually unsettle you know major chinese firms that also invest in hong kong because remember most major chinese companies when they list they list on the hong kong stock market so china has an awful lot invested in hong kong and will want to ensure that the protests come to an end and investors don't start having 2nd thoughts about staying in hong kong china correspondent adrian brown speaking to us there from beijing thank you adrian. well japan's prime minister iran's leaders to pay a constructive role in securing peace in the middle east and to abide by the 2015 new kid shinzo albay has warned of an accidental conflict in the

through hong kong.tself is complicated. it allows hong kong to extradite people to countries it doesn't have agreements with, including mainland china. critics call it evil and believe it will allow beijing to target anyone in hong kong under any pretense. the new york times reports christians are among the worried and fear shipping copies of the bibles to mainland could attract punihsment. that's one side. hong kong's commissioner to the us dismissed those accusations in this letter to the new york times and says the amendments won't affect the legal rights and freedoms of individuals. for more on that angle, here's a former senior hong kong official, andrew leung. beijing is backing the hong kong government 100% and there the hong kong government has already made a stand. but this law is necessary. do not forget that there are fugitives, criminal fugitives hiding in hong kong. and if the loophole is that it is allowed to be continued, then it could attract more fugitives, not only from mainland but if

kong officials of course have said that the hong kong calls will have the final say over whether to grown extradition requests and suspects accused of political or religious crimes will not be extradited they have they say they have sought and found concessions what he's about. well the legal profession have come out and spoken loudly and clearly that the courts have very limited power and even that judges have given anonymous interviews to reuters and some have even signed petitions to oppose the bill which is something a judgment should not do so i think it's deep concern even within the judicial fraternity and it's nonsense to carry lamb and officials to say the court can provide us with some kind of protection given the passion that your expressing which reflects the passion of many tens of thousands on the streets how do you think this is going to be resolved. i don't know but i certainly hope. it will be resolved in a peaceful way hong kong is one of the most peaceful and safest cities in the well although we don't have to democracy we are more peaceful and safe than countries

well there's a danger here for hong kong a very big danger because you know in the past hong kong has been treated as a sort of separate place from china by various u.s. administrations but increasingly politicians in the united states are starting to say we may not be able to continue allowing hong kong to enjoy this special status special because it gives hong kong special trade and economic benefits and you know it could get to a situation where eventually you know the united states under president from will say you know you're either with china or you are with us and of course that would have a devastating impact on the hong kong economy. and adrian just to remind ourselves back in 2003. the hong kong government had retreated on legislation in the face of protests before there was this was seen as a controversial national security proposal after half a 1000000 people hit the streets but in recent years the current chinese president xi jinping has shown no signs of of bending as beijing seemingly tightens its grip over here government in hong kong yes. you're absolutely right i mea

long can hong kong hold up against beijing plus. fighting back the filipino martial artist using her skills to help victims of child abuse also coming up the full mongolian battle goes on to offer all reports of catches up with the who banned on club intended for. i'm going to welcome to do the other news asia it's good to have you with us. protests continue in hong kong against a proposed law that would allow people in the territory to be extradited to the chinese mainland but the goal of these protests is something bigger the fight for hong kong's autonomy and its democracy china applies the one country 2 systems principle to hong kong giving the territory the right to determine the laws that govern it but how successful have demands for this to be respected been let's go back 5 years but you remember these pictures students and pro-democracy activists getting umbrellas protesting in hong kong's business district in leeds 2014 demanding free and fair elections but what did lead to truly does of the umbrella movement was sent to ja

rights of hong kong residents as well as people visiting hong kong. we go now to hong kong where we are joined by mary hui. she is a hong-kong based writer and reporterer for the news outt quartz. she has reported on the extradition bill and has been covering the mass protests. welcome to democracy now! can you start off by talking about the significance of this bill that was passed? just explain it. >> sure, and thank you for having me. the significance of this ill is that it will threaten hong kong's price prejudicial and legal independence. as the former governor said, there needs to be -- between hong kong's legal system and china's. with this bill, that firewall will be done away with and it means -- it will mean the death of one country, two systems, because the world no longer be this firewall and people will be -- there's a possibility people will be able to be extradited to china to face charges were they .ace an uncertain fate nermeen: could you outlinene wht the key features of this proposed amendment is? are? >> sure. so as the law current

extraditions to mainland china they worried about the kind of influence beijing will have on hong kong the erosion of guarantees given by beijing concerning independent judiciary and individual freedoms could undermine investor confidence and threaten hong kong's place as a middle ground between china and the business world. look at some of the us is in a moment but 1st a quick refresher over the special status of kong one of the world's most important financial centers and busiest ports it's an enclave within china and has a special rights that diverged from chinese communist doctrine in $1898.00 britain up to him to 99 year lease on the territory from the chinese and that lease expired in 1970 britain transferred the colony back to china they didn't promise to uphold western style civil liberties in hong kong though it didn't free speech on the freedom of the press the territory was to remain a separate customs entity and operated under a free trade regime so it could retain the status of an international banking center so on call became an important gateway to china for western mult

rights of hong kong residents, as well as the people visiting hong kong. one of the most prominent pro-democracy activists in hong kong, 22-year-old joshua wong, was released after a month time bars. in 2014, he helped lead the umbrella movement, which protest protest -- silentill not be kept under this under president xi and carrie lam. carrie lam must step down. otherwise i believe in the next few weeks before the 22nd anniversary of hong kong transfer of sovereignty, more and more hong kong people, not -- will come and join our we get back our basic human rights and freedom. amy: we are joined now by two guests. in hong kong, nathan law, a pro-democracy activist who helped lead the umbrella movement. he and joshua wong have been nominated for the nobel peace prize for their activism. he was with joshua just after his release today. and here in new york, minky worden, director of global initiatives at human rights watch. worked and lived in hong kong in the 1990's. we welcome you both to democracy now! nathan, can you describe what took place this weeken

we are one hong kong and not two hong kongs.should stop what she's doing so in order not to make the people so angry and so going out and fighting with each other. yesterday carrie lam said she will suspend... not acceptable! withdraw! totally withdraw. not acceptable to hold. we need to withdraw it. this is what we want, all the people — hong kong people. tonight, under immense pressure from this huge protest, hong kong's chief executive released a grovelling apology. "i admit deficiencies in the government's work have led to substantial disputes in society", she said. "i apologise to the people of hong kong and pledged to adopt a more sincere and humble attitude." butjust as mrs lam was sending her apology, protesters were setting up a shrine to the first martyr claimed by this movement. the flowers and candles are for a man who fell to his death on saturday night after climbing a building to unfurl a protest banner. the sea of protesters then surrounded the government headquarters. the police were on their best behaviour, no

in hong kong. this is where the march has come to an end the government's main office complex and also the legislative council building many thousands of protesters have been streaming away from here to go home but many thousands more have been staying on in fact so many they've now spilled out onto this main highway completely blocking it this is cool road which 5 years ago was at the very center of the occupy movement so symbolically it's very important for hong kong's pro-democracy activists important that they occupied at least for a few hours on this very important evening for the moment there are no signs of any police they do appear to be keeping a very low profile allowing the protesters here to be very much in control at the moment after a 5 year we don't see that people are getting down but increasingly we are getting too old hat our own freedom we do you think the government here is listening to people and he's having. yeah sol i come here to support them every day and i want to show the

a young hong kong lady was killed and the suspect fled back to hong kong. the case caused deep sorrow for the victim's parents while at same time revealed a clear loophole in our -- >> you've just been listening to the chief executive of the hong kong government. that's carrie lam. so she has just been explaining what we expected and what we heard over the previous hour, which is that the hong kong government is suspending the controversial bill that has brought hundreds of thousands of people down to the streets and caused some of the worst unrest that we have seen since the handover of hong kong in 1997 to china. let me go to steve chao. he's been listening in with us. steve, it's what we were expecting. it may not be a full win but it's at least a partial win. >> reporter: well, very much so. and you heard carrie lam strike a very conciliatory tone. she said yes, i believe that we likely talked to all facets of society when drafting this extradition bill. but these recent demonstrations though there was perhaps a great deal of anger and division. on that

in hong kong.omberg markets. >> thousands of protesters before a bill goes before lawmakers. we are live this hour. >> president trump claiming total control of tariffs. >> it all adds pressure to the markets, asia-pacific equities snapped three days of gains. >> outside the window here. we had demonstrations here. was, speak come markets generally speaking, a mixed bag. momentum. of lost the it is interesting you talk about the crowds out there. they blocked a lot of arteries and later -- major roadblocks. here is your function here and what we are seeing when it comes to risk. not a whole lot, especially for hong kong. we did get the inflation numbers coming out of china. it was no surprise we saw prices .ising over 2% that is the highest we have seen since february of 2018, so how do they deal with the supply shocks at a time when growth is slowing down. we just saw auto sales fall for a 12 straight month. down, but the csi -- falling after after the biggest rally since january. that should be a

hong kong policy act basically treats hong kong as a separate identity separate entity from the people's republic which enables hong kong to enjoy all sorts of trading privileges which is one of the reasons why hong kong has been spared some of the worst effects of the trade war but if that were to happen that would unsettle a business community that is already deeply unsettled by the events of wednesday indeed for the moment i do we'll leave it of course come back to you as and when we get reaction from beijing thank you all in a few moments we'll have the weather with steph but still ahead here on the al-jazeera news outrage in brazil after leaked documents appear to show a conspiracy to keep leftist leaders out of the $28000.00 election race plus strike it rich forbes releases its latest list will be here to tell you who are the top sports earners this year. the web sponsored by cattle and ways. if you think. it's. likely you. know. florrie and. it is just feel. like. every. run for. the weather sponsored by qatar airways. i was. using. every. here watching i was there is news hour wi

traded follows hong kong stocks.wn just under 1% and then the big fxi that is probably the largest of the mainland china large cap stock etfs that is a live trade that is down 1.4%. >>> all right, let's talk more not just about this, but about the world generally with a guy that travels the world and invests in it. ceo of london based investment and we appreciate you coming on and talking. >> thank you for having me >> we wanted to talk about the global market, brexit. they might start back up, again. growing unrest on mainland europe now you've got this in hong kong is there a way to price in the costs of unrest at all >> so, to some degree, there is. higher risk. if you go back 20, 30 years where we're used to political, not unrest, but political destruction and then we got used for a long period in which the world was stable and not withstanding the crash because essentially that was not based on political destruction increasingly, we've seen political destruction and political destruction hits in two ways one, yo

i grew up here with all other hong kong citizens. hundreds of thousands of people have been evacuated along parts of india's western coast as the region prepares for a powerful cyclone. i'm nuala mcgovern in london. also in the programme. the start of a beautiful friendship? japan's prime minister is in iran, the first visit of its kind in decades. new gun laws are one thing, enforcing them is another. why police in colorado say they don't want to take away people's firearms. live from our studios in singapore and london, this is bbc world news. it's newsday. good morning. it's midnight in london and 7 o'clock in the morning here in hong kong where the mood remains tense after police fired rubber bullets and tear gas at thousands of protesters in the city centre. demonstrators are trying to block a bill that would allow people to be extradited to mainland china for trial. dozens were wounded in the clashes which the territory's leader described as organised riots. rupert wingfield hayes has more. this was the centre of hong kong this

kong could deteriorate further...ouldn't that appease you and the opposition? we don't want any safeguards because they can't be real safeguards. we have been telling this hong kong government that, please, just scrap this bill for the time being, and listen to the people because the exclusion of china from hong kong's extradition arrangements was done purposefully, we are continuing to monitor as those protesters build up in hong kong. donald trump has threatened to slap more tariffs on chinese exports to the united states if xijinping doesn't meet him at this month's g20 summit injapan. the trump administration says it's using tariffs to balance the trade deficit and fight what it calls beijing's "unfair" practices. some of china's retaliatory tariffs are already hitting us businesses — including american wine exports. sophie long has been to see some of those affected. the lush landscape of california's wine country. across this fertile land, concern is growing, as family businesses feel the impact of the tension b

inside hong kong.et's get more on that story. alkira reinfrank is a journalist with the south china morning post who observed the march. she has been describing what she saw. it was a historic scene yesterday, i've never seen so many people. it's the middle of summer here so it's about 32 degrees and 90% humidity, yet it didn't deter protesters. i was stuck in an area about two football fields for a good two hours before we even started moving because there were just so many people that came out to protest this controversial extradition bill to china. and hong kongers have a history of protesting but this was on a whole new level. organisers are saying over a million people turned up for the protest, but police are saying only 240,000 people there, at its peak. now, hong kong police are notorious for underplaying how big crowds are. i've never seen a million people, but i was in the crowds for about 8—10 hours yesterday, and the protesters just kept coming. it was a sea of white snaking its way through

has been shaken about hong kong?t term of the legislative council -- any bill lapses. this bill will actually be thrown into the been in july -- in july 2020, and i'd you not think it will come back. it has fundamentally undermined public trust in the current chief executive, carrie lam, and her failure to respond to a huge protest two sundays ago, and only to respond to protests on violenty turned basically underlined she is tone-deaf to the public opinion, not just public opinion, but to of 3000 very experienced lawyers and overseas governments saying this would undermine the two systems model. the confidence has gone. she needs to go, but because the mainland government never admit to mistakes or fallibility because they are an authoritarian government, and you just cannot do that when you have an iron fist, there will be a period of time before she makes some alternative excuse for stepping down, but any second term for her, which would start in 2022, is completely out of the question. i think she will go before

it's very hard to say because it does not depend on the hong kong was on not even on the hong kong government in its own to what what will happen next beijing has a say in that and beijing is not known for seeking dialogue with people who protest it as we all know so it's very hard to predict what's going to happen next. it's also unlikely that the government will put forward this bill any to. time soon because it would just weeknight the whole city again so if we just look at the the main issue of this bill i think protesters are already more successful than that time but in getting more freedoms and getting more say in the city's politics i doubt there will be significant steps in the near future. when just how much is hong kong's otani and its independence from mainland china really at risk. pos rhythms are eroding they have been eroding slowly over the past few years we have seen for example beijing of ducting people from the city and putting them in jail in china so this is probably presumably a reason why beijing also wanted this bill although now the probe it income says it was kerry l

david: the hong kong dollar up, the hong kong stock market down. alix: getting hit quite hard. the question becomes whether operationally, what businesses get shut down, how fast they reopen, what about banks and lending. and the long-term picture, what it means for the region, particularly when the u.s. gets involved. david: go to our colleague on the ground in hong kong. jodi, what you know now? reporter: there is to a complicated situation at the legislative complex about a mile from here in central hong kong, where the protesters have been all day. they got there this morning. they said they were going to remain until the extradition legislation that they so oppose was removed. it wasn't removed, but they postponed debate on the bill. they remained there, and the situation got more and more chaotic through the afternoon as they tried to push forward toward the building. in the images that have been transmitted all over the world, we've seen police clad in riot gear using tear gas, pepper spray, water cannons to stop the crowds who had done things like thrown some objects an

plans with hong kong? we have seen activist lawmakers urging president trump to respond, potentially with economic sections against hong kong, if they pass this bill. even speaker nancy pelosi saying his at thed reassess t moment. amber: and it has implications for hong kong as a financial center for asia. it remains to be seen what extent of that could shift to singapore. a lot to watch for the financial markets. shery: straight to those mass rallies in hong kong. we have a bloomberg news editor who is normally based in taipei but is here with us in new york today. great to have you with us. i was covering the protests in 2014 in hong kong, and it really went nowhere. it lasted a few months and then petered out. so what happens next this time? >> in the case of the umbrella movement five years ago, the hong kong government and police broke up the protests quite violently. a direct people wanted save who their leader was then. in this case, they are protesting to prevent any erosion of their rights. what h

to push through this change to enable hong kong citizens or even people visiting hong kong to be sentnd china to face courts controlled by the communist party. now, because of the communist party. now, because of the way the system is rigged in hong kong, the local legislature is controlled by what you might call the pro—beijing forces. they can and will pass this bill if they so desire. and so those who oppose the bill think they have no choice but to come out into the streets in big numbers and try and embarrass the hong kong government into either changing the bill or stepping back oi’ changing the bill or stepping back or delaying it. because it's been rushed through, according to them, with considerable haste. and, according to the hong kong government, for example, there will be another reading of the bill on wednesday, meaning that within weeks it could actually be sent through the legislative council, and by earlyjuly, there will be a big change to the legal system whereby you can be sent from hong kong to mainland china to face trial. and this is seen as a considerable erosio