Aldrin P.

Sarmiento

1CE-107

CASE STUDY ON HONG KONG EXTRADITION BILL PROTEST

Hong Kong is a vibrant city, and a major gateway to Mainland China. This page will give you the
facts about Hong Kong - from the form of government to the languages used. Hong Kong became a
Special Administrative Region of the People's Republic of China and the Basic Law came into effect. The
Basic Law is the constitutional document of the Hong Kong Special Administrative Region. It enshrines
within a legal document the important concepts of "one country, two systems", "Hong Kong people
administering Hong Kong" and a high degree of autonomy. According to the Basic Law, Hong Kong's
political system and way of life remain unchanged for 50 years. The rights and freedoms of people in
Hong Kong are based on the impartial rule of law and an independent judiciary.

The Gross Domestic Product (GDP) in Hong Kong was worth 362.99 billion US dollars in 2018. The
GDP value of Hong Kong represents 0.59 percent of the world economy. GDP in Hong Kong averaged
108.25 USD Billion from 1960 until 2018, reaching an all time high of 362.99 USD Billion in 2018 and a
record low of 1.32 USD Billion in 1960. The gross domestic product (GDP) measures of national income
and output for a given country's economy. The gross domestic product (GDP) is equal to the total
expenditures for all final goods and services produced within the country in a stipulated period of time.
This page provides the latest reported value for - Hong Kong GDP - plus previous releases, historical
high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and
news. Hong Kong GDP - actual data, historical chart and calendar of releases - was last updated on
January of 2020.

The extradition bill which triggered the first protest was introduced in April. It would have allowed
for criminal suspects to be extradited to mainland China under certain circumstances. Opponents said
this risked exposing Hongkongers to unfair trials and violent treatment. They also argued the bill would
give China greater influence over Hong Kong and could be used to target activists and journalists.
Hundreds of thousands of people took to the streets. After weeks of protests, leader Carrie Lam
eventually said the bill would be suspended indefinitely. Protesters feared the bill could be revived, so
demonstrations continued, calling for it to be withdrawn completely. In September, the bill was finally
withdrawn, but protesters said this was "too little, too late". On 1 October, while China was celebrating
70 years of Communist Party rule, Hong Kong experienced one of its most "violent and chaotic days".
An 18-year-old was shot in the chest with a live bullet as protesters fought officers with poles, petrol
bombs and other projectiles. One week later, a policeman shot one protester at close range when
activists were trying to set up a road block. Later that day another man was set on fire by
anti-government protesters. In November, a standoff between police and students barricaded on the
campus of Hong Kong's Polytechnic University became another defining moment. Later that month, the
territory held local council elections that were seen as a barometer of public opinion. The vite saw a
victory for the pro-democract movement now controlled by pro-democracy councillors.

While the protests grind on, the short-term economic consequences for the people of Hong Kong
are beginning to mount. A drop in consumer spending on non-essential goods is one of the most visible
signs of its impact. Summer retail sales from July to August are expected to be down by more than
10% from a year earlier. The protests that shut down Hong Kong International Airport for about two
days have also taken a toll. Aviation experts estimate that Hong Kong suffered a US$76 million hit from
flight cancellations. Since the airport contributes around 5% to Hong Kong’s GDP, any disruptions are
bound to reduce the special administrative region’s economic growth for the year which has already
suffered due to the ongoing U.S.-China trade war. More broadly, there’s other evidence the turmoil is
keeping away tourists and business travelers, thanks in part to travel advisories from at least 22
countries. And visitors from mainland China typically responsible for over three-quarters of all arrivals
to Hong Kong have slowed to a trickle. The long-term costs of the protests and China’s reaction to them
are much harder to quantify. One of them involves Hong Kong’s status as a hub for international
companies seeking to do business in China or the region. In 2018, the Hong Kong
government found that 1,530 multinational companies had established regional headquarters in the
city. Of these, 290 were American.

When the riot is on going the economy stopped and yet the media praised the rioters as freedom
fighters. I think that the protest was supported by some high powered people. According to some
surveys china citizens responded that their government was on the right track while 10% thought not.
Hongkong was not separately polled but if I have to guess I think hongkongers would be closer to the
us than to china. For me us should not join the protest because its hongkong and china’s problem and
if the us join it will escalate problems with china. I hope there will no more protest like this will happen
in the future.

Trading Economics. Hong Kong GDP. Retrieved from https://www.worldbank.org/

BBC (2019). Hong Kong formally scraps extradition bill that sparked protests. Retrieve from
https://www.bbc.com/news/world-asia-china-50150853
BBC (2019, Nov 28) The Hong Kong protests explained in 100 and 500 words. Retrieve from
https://www.bbc.com/news/world-asia-china-49317695
Allen Morrison (2019, Aug 22) How Hong Kongs protests are affecting its economy. Retrieve from
http://theconversation.com/how-hong-kongs-protests-are-affecting-its-economy-122098