kong, i call it the rate of hong kong.ese saying the communist party in hong kong because they say we have complete power and control over you, over national security. so they can send people down to hong kong and act on behalf of .he hong kong government this is what they are saying. and they are not saying it for the first time. they said this six years ago in the white paper they published in june 2014. to the out -- if the outside world, they would say it was none of your business. hong kong is my daughter. this is what is happening. >> does a very strong words. not everyone agrees with you. we just spoke with the former secretary for justice for hong kong and she tells us this law would be very restrictive, that actually hong kong citizens would be protected by hong kong law. why don't you trust that? listen to exactly what she had to say. it might affect national [inaudible] >>'s how do you respond to that -- how do you respond to that? >> she is a very nice lady. i respect her. but what can she do? she would have to

in hong kong. it's very free for us not respect human rights bringing will come to you in beijing i think your view will probably differ about whether this is the end of hong kong indeed i would say rather and uncommonly it would have the beginning of a new car into a beginning of a new stable peaceful and calm that there is law and order is going to be established and they know that the reason the reasons and the background are establishing that cruelty i mean the purpose of this draft decision or the security or national security there is man to risk to restore to protect to safeguard the national aegis aegis the and to restore. law and order which have been undermined it's in the past a year so that in italy it is going to. have a new outcome but that new york how come the stable going to have a law and order and it's going to protect the interests. of all the residents of car ok i'm going to come back to you on some of those points because i think we might have some disagreement just 1st of all

and hong kong officials directly or indirectly involved. in eroding hong kong's autonomy. smothering, absolutely smothering hong kong's freedom. our actions will be strong. our actions will be meaningful. more than two decades ago on a rainy night, british soldiers lowered the union flag and chinese soldiers raised the chinese flag in hong kong. the people of hong kong felt proud of their chinese heritage and their unique hong kong identity. the people of hong kong hoped that in the years and decades to come china would increasingly come to resemble its most radiant and dynamic city. the rest of the world was electrified by a sense of optimism hong kong was a glimpse into china's future, not that hong kong would grow into a reflection of china's past. i will continue to defend and protect the workers, families and citizens of the united states of america. thank you very much. thank you. >> [indiscernible] >> the president from public affairs, available in paperback and e-book. biographies of every president organized by the ranking by noted historians from best to worst. a

the headline, the story from hong kong, and extraordinary morning from hong kong.e are looking for the american response. it is a changed hong kong this morning. the headline from "the new york times," and maybe there will be many other headlines in the next 24 hours. the united states to expel chinese students with ties to military schools. we see that headline this morning. joining us on the equity markets but also with always a strong view to asia is benjamin wheeler -- is ben laidler. hims well-timed to speak to . before we get to the stock yourt, i must address years at the shanghai banking corporation. your interpretation of how financial hong kong can move forward. is obviously very difficult. right now they are stuck between an increasingly assertive china, which seems to have given up on local policymakers there, and the u.s. political climate, which is, with an election coming up, quite modest in support at this point for a more assertive against china on that front. there is this proxy battle between the superpowers, which is deeply unfortunate for hong

goods going through hong kong. but then hong kong may find on this one.part from u.s., hong kong really exports destination for many european countries and also from southeast asian countries. haslinda: how do you expect the yuan to move going forward? the pboc fixed than at the lotus -- the lowest level -- do you expect china to guide the yuan lower to help? is exports going to help -- exports going to help? iris: i am quite happy that you don't have me on the hong kong dollar because there will be nothing on the hong kong dollar. on the yen [laughter] think firstuan, i of all, the fixing actually -- if youhe grazing look at the charts with the dollar cny and the fixing and the dollar index together, you will not be surprised on how they are fixed. lower and higher every day because you will see it is a combination of the previous day's clothes and the dollar index overnight. and the dollar index overnight. it is almost a copy of the 2018 and 2019 scenario without the escalating tension between chechen -- china and u.s. although not with the trade war pu

so let's start with an overview from adrian brown our correspondent in hong kong. well this has been a dark day for people who were already concerned about autonomy here in hong kong now china's leaders say that this new law is needed to come back things like terrorism succession sedition as well as foreign interference now the latter is a reference to the united states which beijing has often accused of being behind and funding some of the protests here in hong kong now on friday this new law was debated by members of china's national people's congress that's the parliament which meets once a year in beijing and it seems this new law could take effect as early as august there were protests in hong kong on friday as well as skirmishes inside the legislative assembly now currently social distancing rules mean that people can't gather in the streets in groups of more than 8 now those rules are due to continue until june the 4th the question i guess is when will those rules be lifted and what happens when they are will there be a return of those big street protests th

you know hong kong was have. and it over to china it was not handed over to hong kong hong kong is not a separate country there's a transition period remember everything here started with one event and that is the british coming in and seizing by force military force hong kong and then using a succession of kind of gun to the ear. proposed and up i mean agreements that were forced onto the chinese government to give 99 year leases so at the end of this period and it was all about the right to sell opium to the chinese because the british wanted t.v. and they couldn't pay for it and silver it wasn't enough so they came up with this idea that it would be better if there was some bilateral trade what they came up with was opium and they could grow it in other places and ship it to hong kong and earn money on well as i think the hissing at the let's keep us up to date with what's happening nationally bringing it in this summer china is only going to no i mean you're you can't just you can't just say oh you know terri

are living in hong kong. oh absolutely i mean they don't understand it hong kong doesn't for instance it doesn't pay taxes to the mainland and fact it's the other way around money goes to hong kong not $1.00 penny of tax from hong kong goes and into the city and they've been able to maintain a very very generous tax. you know great in hong kong which is attracted a lot of people but you know this idea that somehow people are being rounded up on the streets at random yeah i think that you know both both isabel and wilson want it better that not true you have to be careful about people not knowing where things are happening and beings like that so much obviously without if you're sound in it with that character and. not show up in greece i have 'd quite a fun friends who live in hong kong and they eat chips actually took went down and took pictures of them and we were discussing it today the schoolchildren i said well it looks like pretty much this is going to be the headline the propaganda maker for the day an

of hong kong a lot of imprisoned in beijing or shanghai is that of hong kong s.k. are best on my merit there we are close and we call upon the international community to oppose the national secretely law with the energies of version regulation step even you call upon the city's leader to step down or just ask for free election will be recognized and has a version by active of beijing of crackdown on the holocaust protest movement is about a living hong kong to you have concerns about what may happen if this national security bill turns into a national security in your. yeah as a journalist and as someone who talks to. activists or just not even people who really do anything that sensitive i mean the issue being that you don't really know what could be sensitive in the way that people in china often just disappear or get agents visiting them at their homes or in the case of many journalists have not had the abuses or in you know just kicked out outright transgressions that they may not even realize that they had been conducting it's the vagaries of this law that rea

has said that this law proves that hong kong is no longer autonomy and therefore hong kong did no longer deserves its special trading status now these 2 movements were were really intended to be a deterrent to the chinese government to prevent them from going ahead and it seems that they've taken no notice at all of this and it seems that the relationship between the 2 countries has gotten sort of bad not only on this front but on the front of the corona virus with the u.s. pointing blame at china as well as unfair trade practices that the u.s. has repeatedly complained about and really it seems to be this acknowledgement that the way ship is served by the beijing is no longer afraid of the consequences of importing such a big move as this national security law and they do seem to be bracing they've said preparing for counter measures to whatever the u.s. thor's at it it's also gotten to the stage where the defense minister china's defense minister has said that the bilateral relationship now has turned into a high risk rivalry and also we heard from china's foreign minister one year who

hong kong opposition called it the end of hong kong.ng in on the rising tensions. >> terrorism? there is no such thing as terrorism here. it is so obviously targeted at all the antigovernment protests. >> boy, hong kong, there is just no graceful way for beijing to manage the rather special circumstances. >> deeply concerning to the united states. hong kong is a great friend to us and we are monitoring the situation closely. i havetor toomey and been working on this for some time. the events of today on the announcement that china intended to crackdown further in hong kong has added i think new urgency to passing this legislation. in the house, i have asked my committee to take a look at that. i take second place to no one in the congress, house, or senate. matt: joining us from the forbidden city in beijing is tom mackenzie. why is the hong kong security law so controversial? wasn't it already on the books? law ise security consequential because it is something that the hong kong government has tried to push through for a number of yea

as i said just now in hong kong. about one 3rd of the restaurants freedom from the meeting ended to hong kong before . sixty's so they don't like the community party system so no matter what beijing does namely all opposing it so i believe dance at the launch of hong kong we're not affected their freedom but if they. join connection or security as a foreigner so there is a nationally a lot more to palaces and. i don't know trump has about a stronger response say they plans legislation what has the us go to do with the hong kong case and might this be seen as foreign interference. so i think they had to as a chinese i think. it is a very foolish if for term penetration to endure barry. france so this is a typical foreign intervention so i challenge you to china's law or hannah china's so it's a very hard to imagine how old the white house reacted to how or why you rescued if a country want to work in the very so i advise americans do not. good to do such a 46 so i also asked some hong kong people to not to have a litt

we heard from an opposition lawmaker in hong kong saying this could be the end of hong kong as we know it, the end of hong kong as an international city. the concern is it could give the police and security services in hong kong the powers to interfere with free speech, the freedom of press, in ngo's and other areas, and undermine the semi-autonomy hong kong had. there is a potential u.s. response as well. president trump is likely to come under pressure to reveal hong kong's special trading status. that could have broad implications for hong kong's economy. rishaad: tom, one thing which wasn't really addressed was the language coming out of president ts,ald trump's twee particularly yesterday. that wasn't addressed. certainly it is something that everybody is thinking about. tom: suddenly this will be a shadow over the national people's congress. it will be discussed in the halls of power. for the first time, president trump taking aim at xi jinping, someone who back in january -- is it in trump said he had an extraordinary relationship with. in the past 24 hours, president trump sayi

but not only for hong kong also for mainland china which is relying heavily on hong kong for trade for other transactions too with other countries so reportedly now the united states is planning to impose the same terrorists on exports coming from hong kong as there are currently imposing on experts exports from mainland china and that would certainly lead into a situation where hong kong suddenly would face the same punitive tariffs that china's facing now this is ultimately a congressional decision so how is this announcement been received so far by u.s. lawmakers whether republican or democratic. will trumps allies are applauding of course senator lindsey graham 1st and foremost calling for the senate to act penalties against china but there hasn't been much of an opposition coming from the democrats on this in fact the speaker of the house of representatives nancy pelosi already a couple days ago called beijing's plans deeply alarming she said china was disrespecting the rule of law so we are looking at a very rare situation where it seems that both parties are actually on the same

seven hong kong dollars. 75 hong kong cents. now looking is pretty for the rest of the region as well. it is putting much red across the board. tie one below its 10 day moving average. currently down about 2%. the taiwan index is down about one and a half. losses for the sti. down about 1.9%. singapore grappling with the virus even though there are signs of stability. the city running out of time to hold an election. the benchmark down a tense of 1%. -- down 8/10 of 1%. march numbers drink to the lowest -- mark numbers shrank to the lowest in 10 months. crude down 2%. 3305. crude at such levels could raise the possibility that shale producers slowly turn on the taps again. gold futures getting some upside. 17, 26. gold has been up for most of the past weekend. the aussie dollar slightly weaker. -- three tens of 1%. rishaad: we're going to get straight over to beijing and join tom mackenzie who is on location. in --g vacant is china how significant is china in dropping the numerical gdp target? tom: of course, overshadowing the n

the people of hong kong felt simultaneously proud of their chinese heritage and their unique hong kong identity. the people of hong kong hoped that in the years and decades to come, china would increasingly come to resemble its most radiant and dynamic city. the rest of the world was electrified by a sense of optimism that hong kong was a glimpse into china's future, not that hong kong would grow into a reflection of china's past. in every decision, i will continue to proudly defend and protect the workers, families, and citizens of the united states of america. thank you very much. thank you. questions]ble >> next, commencement speeches by dr. deborah birx, mike dewine, nancy pelosi, joe biden, and mark esper. president trump's statement on recent chinese actions dealing with hong kong. the minnesota governor on the violence in minneapolis, st. paul after the death of an african-american man being arrested by police. morning, beginning at 11:00 eastern, c-span has live coverage of the rescheduled launch of the spacex crew dragon. liftoff is scheduled for 3:22 p.m. eastern as nasa astr

, bypassing the hong kong legislative council, so it is a double disasterfor hong kong.ven't had any reaction from the united kingdom to this news. as for other international reaction, here's president trump. i don't know what it is because nobody knows yet. if it happens, we'll address that issue very strongly. missed the state department has since warned china against imposing these laws. —— the state department has warned china. lord chris patten was hong kong's last governor before the 1997 handover. he thinks the uk shoud be leading an international response to beijing's announcement. we should make it clear to the chinese that this is outrageous and the prime minister and the foreign secretary should make that absolutely clear. we should talk to our allies, our friends around the world, all of whom have a stake in two things. first of all, the continuance of hong kong as a great international city in asia. and secondly, in whether or not china can be trusted to keep its word. they are all too many examples of that not being the case. the way it has actually used th

kong free press web site john thanks for being with us sir tell us what's the situation in hong kong today just a few hours ago we saw of course in anagrams in the local parliament that somebody pro-democracy lawmaker threw a rotting plant on the floor and just in the last hour or so we've seen a few more protests crop up in the central business district people chanting pro-democracy slogans that's despite about 360 arrests yesterday some of them schoolchildren in uniform pepper spray pepper balls as you mentioned a huge police security operations surrounding the legislature as it debated that controversial national anthem law and then we saw the pattern that was chase is right the shopping and extends well into the night with protesters trying to invade some of the roads wired to make sure barricades but it seems the police very much have the upper hand at the moment they're very compact and there's been a huge police presence on the streets in the last couple of days now today authorities in mainland china are expected to pass a national security law for hong kong that many say is

of hong kong.ve deployed their water kennett truck to disperse protesters -- water cannon tracks to disperse protesters the npc into oppose beijing security statements. hong kong still under social distancing requirements, that you cannot have a gathering of more than eight people. we do not know the exact number of protesters on the street. bloomberg news puts the estimates in the hundreds and others have put it in the thousands. nowhere near the middle of the summer last year when we had the estimated one million people and 2 million people marching to the street. it is a different scenario now, two months out of the coronavirus outbreak. and people staying at home. in the economic carnage, financial carnage, that has happened as a result. 180 people, according to police, were arrested, mostly for illegal assembly. at least for police officers were injured and multiple members of the public also injured. renewed street clashes in places like house weight bay could be the norm going forward, as pr

in e-voting hong kong's autonomy and if you take a look, smothering, absolutely smothering hong kong's freedom. our actions will be strong. our actions will be meaningful. more than two decades ago on a rainy night in 1997, british soldiers lowered the union flag and chinese soldiers raised the chinese flag in hong kong. the people of hong kong felt simultaneously proud of their chinese heritage and their unique hong kong identity. the people of hong kong hoped that in the years and decades to come, china would increasingly come to resemble its most radiant and dynamic city. the rest of the world was electrified by a sense of optimism that hong kong was a glimpse into china's future, not that hong kong would grow into a reflection of china's past. in every decision, i will continue to proudly defend and protect the workers, families, and citizens of the united states of america. thank you very much. thank you. [indiscernible questions] >> with the federal government at work, use the congressional directory for contact information for members of congress, and federal agencies. order you

long live hong kong! long live hong kong! benjamin: he doesn't have any trust in the communist party and the hong kong government. he's saying to regain hong kong, and the younger generation is going to battle with the older generation in fighting for democracy but also authority and citizens, the protestor and the police. [indistinct chatter] [shouting in cantonese] [shouting] airin: i was shocked when i saw the news at home. i was like, "what?" i didn't imagine that hongng kong peopople could do sh viviolent thin o on the strereet like burning stuff,f, throwing bricks, attacack the police becauause it's susuch a bigontrt to umbrerella prototest. it was rereally peaceful, but that t n, it was r really violenent, and i think people try other ways, other peaceful ways already, and they realized thatat it doesn't wwork, so they had to i it. i's kind of ththe governmement forcd peopople to be vviolent. i'm sick of it all. this is t t ridiculous. it's like a group of rerely stupid people who are controlling the city. on the roof,

the people of hong kong felt proud of their chinese heritage and their unique hong kong identity. the people of hong kong hoped that in the years and decades to come china would increasingly come to resemble its most radiant and dynamic city. the rest of the world was electrified by a sense of was a glimpsekong into china's future, not that hong kong would grow into a reflection of china's past. i will continue to defend and protect the workers, families and citizens of the united states of america. thank you very much. thank you. [indiscernible] >> tonight starting at 8:00 p.m. eastern on c-span watch class of 2020 commencement speeches by dr. deborah birx to her alma in newoughton college york. mike dewine to miami university bidenord, ohio, joe delivering remarks to columbia law school regiments and secretary of defense mark esper to enable academy in -- the naval academy in annapolis. watch tonight at 8:00 p.m. eastern on c-span and online at c-span.org or listen on the free c-span radio app. saturday morning beginning at of theastern, coverage rescheduled launch of the crew d

they would want hong kong governed by the hong kong people . how that unfolds in the coming months is unclear. the next thing that will happen we do the standing committee of the national people's congress will draft the details of the law. what the penalties might be for breaking the law. how long someone might be jailed for, things like that. as that happens, those are flashpoints along the way we could see more protests. yvonne: our greater china executive editor. let's note to first word news in new york. >> good morning, japan's performance fell by the most since the 2011 earthquake and tsunami as coronavirus rose. dropping for a third month. retail sales were badly hit in april, falling almost 14% year on year. japan's jobless rate holding up. -- on inflation unexpectedly on the rise. america is the latest global focus accounting for 40% of daily deaths from covid-19. india continues to be a coronavirus hotspot in asia despite the widest national lockdown in the world. fatalities have quadrupled in a month, with infection rates climbing a

dollar economy like hong kong. hong kong's tech is still intact.k check out her column online or on the terminal. boris johnson's top aide refuses to resign about breaking virus lockdown rules. we bring you the details of that scandal, next. this is bloomberg. ♪ haslinda: you are watching "bloomberg markets: asia." here is the latest business flash. more to managed its hong kong listings next month. the chinese online giant will seek approval for the offering and listing committee hearing. jd.com is looking to raise $2 billion to boost financials in the face of increasing e-commerce competition. june 18 coincides with its largest online sales event. the german government has approved a $10 billion bailout, putting the state back at ahead -- airline that has taken two decades ago. it will give them a 20% stake, rising to 25% and results of a takeover. it will be to the approval by the european union, and is likely to face acquisitions from the airlines. the u.k. faces political turmoil with prime minister boris johnson's top aide refusing to resign

germany have a lot of people living in hong kong you have your investments but not only it up hong kong has long be a member of the free world we share the same values we share the same liberty and freedom and now when china is trying to take this away from hong kong we expect the rest of the well we speak a flops mr ewing thank you very much for talking with us today that was open your own member of hong kong's legislative council and leader of the civic party thank you. now let's take a look at some other stories making headlines around the world today there have been protests in the u.s. state of minnesota after the death of a black man detained by police the death of george floyd has drawn outrage after a video showed a white officer kneeling on his neck as he cried out that he couldn't reach. us president donald trump has accused twitter of interfering in the u.s. election it comes after the social media network attached a fact check label to 2 of his tweets is the 1st time twitter has tagged a tweet by trump as unsubstantiated. the man accused of killing 36 people in an arson atta

to remember is that hong kong as a percentage of china's entire g.d.p. was considerably larger it was well into the double digits around 16 to 18 percent of chinese g.d.p. give or take today it's significantly lower as as china has risen so chinese are the chinese economy has grown incredible amount since the handover which means that today hong kong is a total percentage of china's economic output is a conservative a smaller proportion. the u.s. statement from secretary pump air tells us a few things 1st of all washington is watching closely and has been watching closely and through these protests there have been signs and getting calls from american lawmakers to reconsider hong kong special trade status if they take certain steps it's still an open question whether this national security law will meet that threshold if that change is taken in the united states does reverse hong kong special status it won't be easily reversible and that is quite a major step the united states to take with regard to hong kong certainly will have major or hong kong's cont

that hong kong was going to die while 36 years on hong kong is still there and it still remains of course a global financial center a lot of business groups here in hong kong of though very worried about the implications of this security law what it will mean for an independent judiciary a free media but of course we also have to remember fully the you can't just sort of recreate a new business center for asia it takes decades to build a financial hub like hong kong so you know singapore and shanghai are a long way away from being able to replicate what hong kong can do even at times like this thank you for that adrian brown live for us there in hong kong now adding to the tension between china and the us is a canadian court ruling that an extradition case against wa ways chief financial officer among one jail can go ahead the court concluded the charges she faces are crimes in both canada and the u.s. she is currently under house arrest in canada and has repeatedly denied the accusations against a man is wanted in the u.s. on charges of misleading a major bank on while ways dealings way

hong kong laws.ect that if they are to be established, the main responsibility would be the deficiencies of our hong kong police force, which is in the area of intelligence. what about the role of the pla when the security law is put in place? will they be able to operate a hong kong? will it be any different from now? regina: the pla does not play any role in national security. national security agencies are different from the pla. i don't think it will play any role. you talk about the need to address infiltration by external forces alleging for an influence behind these antigovernment protests. carrie lam says that perhaps there is something at work here. authorities have failed to produce any conclusive evidence. this area would be the hardest to legislate. how to go between unlawful interference. they have influence on hong kong people. we may have to take a leave from the legislation of jurisdictions. for example, requiring ngos. other foreign organizations to register. requiring declaration of

/hong kong act.so, while i was governor, concluded the extradition treaty between hong kong and the united states. the real dilemma we face is how we can ensure that china, chinese communism pays a price for what it's doing without hurting people in hong kong, and i think it's very difficult. there are issues similar to the magnitsky sanctions that you could use against individuals. i think there are things like technology transfer, but above all it's going to be very difficult to protect hong kong from the consequences of what chinese communism has done, and i don't want to see people in hong kong and businesses in hong kong hurt because of what china has done itself. it's a complicated thing. i think the americans, i hope, will be looking at how they can use a scalpel rather than a sledge hammer on this issue. above all, we have to work together, particularly those of us who recognize that china is a threat, chinese communism is a threat, and this is a similar moment as i think "the new york times"

where does hong kong stand? questionsa lot more to the power play by beijing invoke its own security laws, basically being rubberstamped, to impose that on hong kong, bypassing the local legislature which has been a -- which has been unable to pass article 23. the local legislation has not been able to do that. possibilityays a that beijing could do this power play. the rest resuming and the protest possibly resuming. hong kong has a candlelight agile. beijing is making this move while the world is contracted by the coronavirus. protesters like joshua wong saying we must stand up and fight and let beijing know that we will never surrender. we will describe it as the beginning of the end. we do not have enough time but we need to continue the fight. the violence hit the streets again. estimate news puts the of the number of protesters in the hundreds and others put it in the thousands. byre were 180 confirmed police mostly by illegal assembly. those social distancing regulations are still in place for the coronav

kong has.about trade with the u.s., they remain vocally committed to this phase i trade deal. almost anything on that. will they say anything about the international pressure from the likes of the australians and the euro ends when it comes to the virus as well? mackenzie at the forbidden city in beijing. we will get more from tom, of course, as we get the opening sessions of the mpc and we will be joined by eurasia group's speakers from peking university throughout the course of the day as well. [no audio] let's get you the first word headlines now. karina mitchell is in new york with the headlines. karina: thank you so much. we will stay on china and this first story that comes out of the u.s. nancy pelosi says they will review with the senate bill that will impose restrictions on chinese companies listing in new york although she stopped short of promising a vote. he said the legislation had brought to party support in the senate but said the house would give it consideration. the bill put f

obviously i decry the fact they are introducing this new security law in hong kong, but hong kong hasrts its role as a global financial centre. obviously the financial firms are critical, but they have the legal firms and the accounting firms, the reading agencies and so forth that are all in their system and they work well together for decades. this is a strength that is not going to disappear overnight. i don't think anything that president trump can do will significantly erode the role of hong kong as a globalfinancial erode the role of hong kong as a global financial centre. 0k, nicholas r lardy, thanks very much for your views. thank you. a senior hong kong government minister has told the bbc that threatened actions by the us relating to the territory could be unlawful and are counterproductive. the us, along with the united kingdom and other western powers, have warned beijing against imposing a national security law on hong kong. but the territory's justice secretary, teresa cheng, said the law was needed to stop violent protest, and that people's basic rights and freedoms wou

see hong kong dying so. china's leaders insist the new security law 'd will save hong kong not kill it so the vote by china's parliament on thursday to approve the law was never in doubt bypassing hong kong's legislature the rubber stamp national people's congress has now paved the way for mainland security agents to operate here in marked contrast to these orderly scenes there was more disruption in hong kong. parliament. when 3 legislators were ejected during a heated debate about another proposed law that would make it an offense to disrespect china's national anthem both measures prompted demonstrations and a warning from the united states government that its special trading status with the city could be about to end raising concerns about its continued status as asia's leading financial center adrian brown al-jazeera hong kong and katrina you has more now from beijing on what happens next what this passing of the law during the national people's congress does is open the door now for the central governm

see hong kong dying so. china's leaders insist the new security law 'd will save hong kong not kill it so the vote by china's parliament on thursday to approve the law was never in doubt bypassing hong kong's legislature the rubber stamp national people's congress has now paved the way for mainland security agents to operate here. that prospect has prompted demonstrations. and a warning from the united states government that its special trading status with this city could be about to end raising concerns about its continued status as asia's leading financial center. aaron brown is joining us now from hong kong from what you were saying in your report there adrian it sounds as though there is quite a division of thought about chinese rule in hong kong. yes there certainly is there are many people as you saw in my report who quite clearly feel there is a need for this security law in fact carolan the chief executive of hong kong has been speaking during the past few minutes she says that she will fully impleme

thea says this is ensuring prosperity of hong kong. this is the end of hong kong as we know it. it is fundamentally eroding independence, autonomy, and other freedoms like freedom of expression in hong kong. milesong kong is 1200 south of beijing. but given these announcements, how far away is it? what is the emotional attachment of the federal government in beijing? how distant is it? selina: it is very close to the territorial integrity through china. you heard statements saying this is an internal affair. they don't want it to be disrupted in terms of the national security law. thatsay it is nothing would be out of the ordinary in terms of other countries efforts to secure their safety. what it does risk inflaming tensions with the u.s. trump says they could react forcefully. it would punish chinese do business with them. a lot of experts say that frankly, the u.s. doesn't have a lot of leverage over china. they are probably going to continue to push ahead with this. when do we know exactly how much protest there will be? covid-19 the middle of and people possibility to prote

hong kong will not be spared.ortant to know the opolitical impacts of president trump's announcement will be even larger. we all know the u.s.-china relations have been quite unstable the past few months during the global pandemic and trump today mentioned the wuhan virus, a term that has angered china repeatedly. some say it might be racist. it is already a fragile relationship with beijing. we have seen many flashpoints between the two countries right now. i am sure the market will react. the world is trying to recover from the pandemic. the two largest economies are locked into this fight. an: the u.s. u.k.aid they would curtail the city's freedo they were told effectively to but out -- butt out. does china care? they know what they do will rile many western countries. had they just said, we will push ahead, this is our policy, come what may? guest: [inaudible] china is under international pressure right now, but that is not different from what beijing has faced the past few months during hong kong protest. ear

the hong kong story the homes being that hong kong people it turns out actually enjoy freedoms and rights to protest to criticise to complain to want some change and they think in beijing they think they've had enough of this and they're cracking down on us so how how then will hong kong residents and you know will respond to this how much bigger do you anticipate the anti-government protests that we've seen in the last year will geddes as a result of this. no that's the fairy hawk breaking trend in hong kong technically we can say no to anything because if you say oh this new low there is a technically an constitutional that's what some of our legal experts here are saying but then it's a chain itself though that is the constitution so what are you challenging then who are you trying to challenge right and we kneel taking to the streets and seeing the young getting getting all beaten up and and arrested for that sort of protest just may not be very sustainable but then the young are fighting for their future it's a van field and people in my generation and each and. what we could we shou

let's get the view now from hong kong we're happy to be joined by joshua wang he's one of hong kong's leading pro-democracy activist good day to you and a load to hong kong what's your reaction to what we're hearing from beijing from this proposed new legislation shouldn't you practice generated by beijing and the national security law that such as the 5 face involves in hong kong they totally follow a procedure justice and even have to bypass the legislature in hong kong once national people congress amongst and a whole called polish or the secret agent can just this to arrest people a prosecutor people or even extradite paul call us from hong kong to china and maybe the next day we shovel would not exist in china but from hong kong is that what you're expecting are you expecting joshua beijing to begin arresting people after it imposes this law for the do so. the number of. the number of arrests that protester since last summer 8000 and even more than the number of prisoners inmates in hong kong right now so sure if that is being generated and no doubt at all they will call and give

is china's hong kong hong kong affairs surely china's domestic it is is within chinese sovereign rights to determine when how and what legislation to put on hong kong which are. the communist party's national congress is expected to rubber stamp the new legislation later this week analysts think it marks the greatest reform to beijing's relationship with hong kong since china to control of the territory so. for more on the story we can speak to laura west for us she's a senior reporter at the hong kong newspaper the south china morning post hi laura thanks for joining us let's start with this proposed law tell us more about how it undercuts the one country 2 systems principle. so when hong kong was handed back to china in 1907 days for a court one country 2 systems was put in place that gives hong kong a high degree of autonomy for 50 years until 2047 and freedoms not enjoyed on the mainland such as freedom of speech and the right to assembly and what people are worried about if this law is passed is it implemented in hong kong it would strip away some of those freedoms the law is going

hong kong -- when it comes to affairs in hong kong are internal matters.e getting the reaction, clearly making a statement about sovereignty for beijing. when it comes to matters in hong kong, they are considered to be internal. to.-china tensions are set tighten even further after the administration said it could no kong'sjustify hong political autonomy. craig allen is the president of the u.s.-china business council. it feels like the relationship has deteriorated and unraveled since the last time we spoke to you. what are the implications and how grave are they for businesses and individuals that have ties to both sides of the fight? g: many things remain unclear. the most important one is that the laws that the national people's congress is considering, tighten security in hong kong, has not been revealed. what do the words mean? idea but theeral details matter. secretary pompeo's announcement today that hong kong is no longer autonomous from china, it is a big step. the practical implications of are not yet clear. over the next few days, i would expec

people and not the hong kong people and not the hong kong government.version. the mainland china activists charged with subversion are often given long jail sentences. this is a warning for hong kong protesters who could potentially be charged with subversion under state power. carry on, what is the beijing side? i think for beige income of this law is in direct response to months long pro—democracy protests that erupted in hong kong last summerand erupted in hong kong last summer and beijing has called hong kong pro—democracy sentiments a tumour. what do you do with a tumour? you can't let it fester, you have to take surgical action and that's exactly what beijing is doing. if there is a surgical action, is there anyway this won't happen? is there any action open to people of hong kong who wa nt to open to people of hong kong who want to reject this? i think the options open to hong kong are very limited. you already have activists in hong kong calling for a reboot of the protests, a reboot of the movement, but i think beijing is very prepared to put t

the people of hong kong identity. the people of hong kong identity.the years and decades to come china would increasingly come to resemble its most radiant and dynamic city. the rest of the world was electrified by a sense of optimism that hong kong was a glimpse into china's future. not that hong kong would grow into a reflection of china's past. in every decision i will continue... let's talk to zhoayin feng who works for the bbc chinese service(os) over the past few days there has been international outrage about this new law that's going to come into place in hong kong what do you make of president trumps comments? well, president trump today announced that he would direct his ministration to remove hong kong's special status and as we discussed in the past few days, this is going to have a huge economic impact on hong kong as long as china. and us businesses in hong kong also would not be scared. but at the same time it's important to note that the geopolitical impacts of president trumps an announcement will be even larger than the economic impa