Law’s Juscelino Colares comments on Hong Kong’s weakening economic competitiveness

Did China kill Hong Kong’s competitiveness?
International Business TimesJuscelino Colares, the Schott-van den Eynden Professor of Law, explained the weakening of Hong Kong’s economic competitiveness in world markets. “When the Chinese Communist Party (CCP) took control over the lives and future of Hong Kong citizens and businesses, one could expect no other result than the loss of political and economic freedom and competitiveness,” he said. “This is not only a story about Hong Kong losing its special trade status with the United States (the focus of a current WTO dispute brought by Hong Kong that will lead to nowhere) and other countries, but also a recognition that the predictability and ability to independently control one’s investments in a CCP-controlled Hong Kong are gone.”