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Businesses China Technology

Big Tech Faceoff With China Risks Sparking Exodus From Hong Kong (bloomberg.com) 141

Facebook, Google and Twitter -- all of which are blocked in the mainland -- are now headed toward a showdown with China that could end up making Hong Kong feel more like Beijing. From a report: Hours after Hong Kong announced sweeping new powers to police the internet on Monday night, those companies plus the likes of Microsoft and Zoom all suspended requests for data from the Hong Kong government. ByteDance's TikTok, which has Chinese owners, announced it would pull its viral video app from the territory's mobile stores in the coming days. Their dilemma is stark: Bend to the law and infuriate Western nations increasingly at odds with China over political freedoms, or simply refuse and depart like Google did in China a decade ago over some of the very same issues. Much like that seismic event shook the mainland in 2010, Big Tech's reaction now could have a much wider impact on Hong Kong's future as a financial hub.

"Google is pretty important to people here, and if that's cut off then it's really extremely serious," said Richard Harris, a former director at Citi Private Bank who now runs Port Shelter Investment Management in Hong Kong. "In Hong Kong we don't know where the boundaries are, and that's threatening to a lot of business people." Over the past week, Hong Kong authorities have begun explaining how they'll enforce a law that officials in Beijing called a ""sword of Damocles" hanging over China's most strident critics. The legislation, which sparked the threat of sanctions from the Trump administration and outrage elsewhere, has had a chilling effect on pro-democracy protesters who demonstrated for months last year while also raising fresh questions for businesses.

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Big Tech Faceoff With China Risks Sparking Exodus From Hong Kong

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  • Comment removed (Score:5, Insightful)

    by account_deleted ( 4530225 ) on Tuesday July 07, 2020 @10:41AM (#60271150)
    Comment removed based on user account deletion
  • by Applehu Akbar ( 2968043 ) on Tuesday July 07, 2020 @10:54AM (#60271180)

    Invite all Hong Kong residents to come to the US and settle under the existing rules for political refugees, and bring the klepto-banking cabal with them. We need the injection of talent. They could buy out and restore inner cities. Their students would no longer have to travel internationally to the Ivy League.

    • Comment removed (Score:4, Insightful)

      by account_deleted ( 4530225 ) on Tuesday July 07, 2020 @11:41AM (#60271336)
      Comment removed based on user account deletion
    • by dwater ( 72834 )

      What about all the terrorist and murderers? They're the ones most likely to want to leave HK, after all...

  • by cesarbp ( 1009355 ) on Tuesday July 07, 2020 @11:15AM (#60271234)
    They will lost a market with a 1.400.000.000 people.
  • Back in the 90s (Score:5, Insightful)

    by RightwingNutjob ( 1302813 ) on Tuesday July 07, 2020 @11:17AM (#60271246)
    I had a good friend in school whose family came to the US from HK just before the handover. They saw this shit coming a quarter century in advance. Now the whole world sees it too. Perhaps this will serve to disabuse a certain segment of our self proclaimed elites from the notion that borders don't matter and countries are just arrangements of letters in a passport from that sort of thinking.
    • Heck I don't live there and I knew as soon as UK handed it back to China, it was just a matter of time. The thing is, China is and always has been very patient. They waited until the time was right (pandemic) and moved. Next up, Taiwan. China will wait for the right moment and move. It will be just like Russia with Crimea.
      • Re: Back in the 90s (Score:4, Informative)

        by RightwingNutjob ( 1302813 ) on Tuesday July 07, 2020 @02:15PM (#60271946)
        You know this. I know this. My friend's family knows this. Unfortunately a staggering number of otherwise intelligent and influential people honestly believe that the Chinese (the country) aspire to be like us, using as a basis for their belief anecdotes of individual Chinese (people) who like American pop culture and like the idea of individual freedom (for themselves or their children). That's the danger of open relations with a place like China. You run the risk of your own people not recognizing that they only see part of the picture. And I say this as someone who's married to a Chinese immigrant myself.
      • Crimea was Russian until Krutshev “gave” it to Ukraine in a fit of drunken stupor. It’s mostly populated by Russians, so it only makes sense to give it back to Russia. It doesn’t make sense to mix populations like that.

        Taiwan is just a rebellious Chinese province that was just as dictatorial as Mao’s China and that could afford to taunt the Mainland just because it was backed by the US.

  • simply refuse and depart like Google did in China a decade ago over some of the very same issues. Much like that seismic event shook the mainland in 2010

    In what way did that "shake the mainland"? Maybe it let Alibaba grow more? I could see it maybe being more important in Hong Kong, though.

  • by hdyoung ( 5182939 ) on Tuesday July 07, 2020 @11:34AM (#60271308)
    This is part of what China wants, and also to a lesser extent what the west wants. China doesn't want big western tech companies dominating in China any more than we want TikTok dominating that internet niche in the US. They want to create their own national champions that will dominate in their own backyard.

    Fair enough. The west is in a de-coupoling stage with China. Basically, I'm ok with this. I'm really glad that China has developed so far. They pulled a billion people out of poverty. Nobody else has ever done that and the accomplishment should be recognized.

    But their form of government is probably going to get in the way of further development. The only people who want to get into bed with a dictatorship..... is other dictators. That puts severe limits on the amount of cooperation China will get from the rest of the world. China was supposed to give Hong Kong 50 years of autonomy but they lost patience after 25. The governments in the west have lost patience as well. No more special economic treatment - we're going to de-couple and see which system does better. I'm basically ok with this. It's the largest geopolitical experiment ever undertaken. Personally, my money is on the western governments. We went through this with Russia....... check out how that one went. I've read that China's government is intent on avoiding the mistakes of the USSR. To my eye, they're treading the exact same path.
    • by Zak3056 ( 69287 )

      Personally, my money is on the western governments. We went through this with Russia....... check out how that one went.

      Imagine that instead of the cold war, we had invested trillions of dollars in the USSR starting around the time that JFK was elected. Do you think it likely that the wall still falls in 1991? We've spent three decades building the PRC's economy, and along with that, we've transferred tons of technology to them AND crippled our own industry at the same time.

      I make it a point not to bet against my own team, but smart money here would NOT bet on the west.

      • I think you miss the elephant in the room. We thought we were using China for cheap labor. Bit us.
        • Never underestimate the smartness of the Chinese.
        • by Zak3056 ( 69287 )

          Either Lenin or Stalin said that a capitalist will sell you the rope to hang him with. I don't knock the Chinese for their wisdom in using the west the way they did. Anyone with half a brain would have played the situation the same way.

          It's possible the situation is salvable. It's not very likely, though. This one is very much on Bill Clinton for granting China MFN back in the 90s [mit.edu], though obviously no one on the other side of the aisle did much if anything about it in the interim (other than, ironically

          • I think you should actually go back to Nixon/Kissinger.
            • by Zak3056 ( 69287 )

              Fair point, Nixon did lay the ground work. MFN is firmly on Bill, though, and MFN is what really drove the move to China.

              • I'm going to have to disagree, sorry. Walmart https://www.pbs.org/wgbh/pages... [pbs.org] in the 1980's was going full tilt China. I recall going to a Walmart in the 80's and thinking what??? I thought walmart touted buying US products. The US consumer uses price for almost all consumption as the primary determinate. China is already getting too expensive and some goods are now being made elsewhere as a result. I think what really boosted China was their one child policy. It was cruel, but made people more valuable.
            • “It took Nixon to go to China“ — Klingon proverb
      • I agree that we gave China a boost that we never provided the USSR. They will last longer because of it. However, I think that they're already starting to hit the fundamental limits that constrain dictatorships and oligarchies.

        If China sticks to dictatorship/oligarchy and we stick to capitalist/republic/federal/democracy, our win is pretty much guaranteed. It'll just take a while. It's entirely possible I'll be dead before the ref makes the call.
    • by dwater ( 72834 )

      > They want to create their own national champions that will dominate in their own backyard.

      LOL, inappropriate use of the past tense there. That ship has sailed...they already have their own.

      In fact, their domestic services are so well established that I seriously doubt there's much value in the Great Firewall of China. I suppose it is a tool that allows them to enforce local laws on the internet...like Facebook breaking the law by facilitating terrorism, and Google not wanting to comply with the law...s

  • Even if in the impossible scenario that bytedance pulled out of china you could not trust them since they are a chinese firm Boycott all that originates in china SUPPORT HONG KONG ,
  • Number 1 goofy guy, He z got style , he z got class, and he can kick some ... Pooh ass. The car and cat helps.

He has not acquired a fortune; the fortune has acquired him. -- Bion

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