Hong Kong protests are getting worse. Even if the Phase 1 deal gets signed, political unrest there could end further progress, if any, on trade.
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Kyle Bass, founder of Hayman Capital and a renowned China-basher, has been hopping on Beijing on his Twitter feed for months. Bass is part of a handful of people calling on greater restrictions of U.S. capital flow into Chinese securities, a call that has more people saying that finance is the latest front in the trade war....
Hong Kong will be fully absorbed by the Chinese government in 2047 as part of the British government handover of the former colonial outpost in 1997. The much-touted Phase 1 trade deal, agreed upon between Trump and China’s Vice Premier Liu He a month ago, has gone nowhere fast.
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