(Two sessions) Likely global backlash to national security laws 'worrisome'

China | 22 May 2020 10:05 am

Responding to the draf national security legislation for Hong Kong, Stephen Innes, chief global market strategist at Axicorp said, it is "a horrible risk for markets is that much of the attention from today's NPC (National People's Congress) will turn to Hong
Kong.''

He said the agenda includes an item that would mean the government will tighten its grip over the special administrative region, which could potentially reignite the protests that wracked the city last year.

"But even more worrisome is the global backlash, especially with the U.S.-China hawks circling overhead. A denouncement by the White House, which is most certainly to happen, could  exacerbate already tenuous U.S.-China relations and could
trigger a global backlash that Trump seems to be pinning his hopes on.

"Indeed, it is starting to look like a U.S.-China summer of discontent in the making."

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