Hong Kong Corporate Exodus Begins, Leaving Space for Chinese Communist Brands

Breitbart:

Foreign corporations in Hong Kong are nervously considering their options after the passage of Beijing’s totalitarian “national security law” with several already closing their local offices.

Chinese Communist operations are moving quickly to fill the gap by committing billions of dollars in capital to the island.

Apple Daily noted a “string of brand-name departures from the city” as the national security law took shape in Beijing’s rubber-stamp legislature, including Victoria’s Secret, Esprit, Forever 21, Jack Willis, and Greek jewelry chain Folli Follie.

Some of these corporate withdrawals have come in anticipation of U.S. sanctions and other nations withdrawing the special trade privileges Hong Kong has enjoyed in its autonomy.

“I believe that there’s a good chance that all companies who have Hong Kong as their headquarters for Asia will begin to rethink whether the new rules — the new relationship between Hong Kong and mainland China — whether those rules let Hong Kong be as favorable a place to have headquarters as it used to be,” U.S. Commerce Secretary Wilbur Ross predicted Wednesday. MORE

8 Comments on Hong Kong Corporate Exodus Begins, Leaving Space for Chinese Communist Brands

  1. Hows about we work out a swap, they send ALL the people from Hong Kong that want to be free, and we’ll in turn send you every America hating POS we can round up no matter what color religion or sexual whatever!

    23
  2. When it was announced that Hong Kong would revert to Chinese rule, anyone could see this coming. Totalitarians got to subjugate.

    7
  3. Hong Kong as a trading portal is what helped make China’s economy strong. Those days are starting to come to an end.

    They’ve got a brushfire war with India. A President in the White House who’s willing to stand up to them militarily & economically, and a world that is beginning to wise up to them creating a pandemic. If we could learn to purchase tools and domestic goods made in the USA they would really be screwed.

    2
  4. So here’s most of the historical rare eath mineral mining stats one might need:
    https://www.usgs.gov/centers/nmic/rare-earths-statistics-and-information

    There is a lot of ground to recover from China. It takes pressure on the big mining and mining related companies to shutdown their leverage over us and the world.

    Who wants to tell Rio Tinto?

    Every non-Chinese company that has a factory there and leaves needs to understand that, whether they are there or not, their physical plant will still be opening and running at full capacity. Their products and intellectual property now belong to the government of China and they will be competing against it.

    1
  5. The Chicom rules for internationals are very simple.
    “Do as we say when we say it of you will be grabbed, taken to the mainland and be held for ransom or disappeared.”
    To their own people it is just a warning to the slaves.
    “Behave or be tortured and killed for your body parts.”
    RUN.

    1
  6. @Cliche Guevara July 5, 2020 at 8:44 am

    > Every non-Chinese company that has a factory there and leaves needs to understand that, whether they are there or not, their physical plant will still be opening and running at full capacity. Their products and intellectual property now belong to the government of China and they will be competing against it.

    <New Yawkese>
    That’s a shame.
    </New Yawkese>

  7. The corps will stay: there’s too much money in Communist China.
    America corps staying should be boycotted.

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