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George Magnus

Economist and Author

George Magnus

Economist and Author

Hong Kong Protests: Why you should be paying attention

By George Magnus Posted on October 2, 2014 In China China, democracy 0

First published: Prospectmagazine.co.uk, 29/09/201

China needs to pay attention to the demands of Hong Kong residents who feel they were promised democracy

Whether or not he actually said it, Harold MacMillan is credited with answering a question about what he feared most about being Prime Minister with the phrase “Events, my dear boy, events.” Chinese President Xi Jinping may now be feeling much the same as civil disobedience in Hong Kong turns into something approximating a popular rebellion. It is impossible to foretell the course of events on the streets over the next few days, let alone weeks. But the trouble in Hong Kong represents the first serious and mass challenge to the authority of the President since he was installed at the end of 2012. It seems probable that the “one country, two systems” principle under which Hong Kong has existed as a special region of the Chinese mainland since British rule over the island ended is quickly morphing from a motif to an epitaph….“more:”

 

 

previously

previously

A third US dollar bull market getting underway

up next

China must resist cheap money temptation

About

George Magnus

George Magnus

George Magnus is an independent economist and commentator, an Associate at the China Centre, Oxford University, and an adviser to some asset management companies.

He is a regular contributor to the Financial Times, Prospect Magazine and other written media, and appears regularly on BBC TV and radio, Bloomberg TV and other outlets.

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"George Magnus does not look like a prophet. Yet this is the man widely acknowledged to have predicted that the US sub-prime mortgage crisis would trigger a global recession."

- Josephine Moulds, The Daily Telegraph

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