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The John Batchelor Show

PREVIEW: #HONG KONG: #PRC: Conversation with colleagues Fraser Howie and Gordon Chang exchange thoughts on the fate of Hong Kong. More later.

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 24 July 2024

⏱️ 3 minutes

🧾️ Download transcript

Summary

PREVIEW: #HONG KONG: #PRC: Conversation with colleagues Fraser Howie and Gordon Chang exchange thoughts on the fate of Hong Kong. More later.

1925 Hong Kong

Transcript

Click on a timestamp to play from that location

0:00.0

Oh, he's cute. Mr. I can never sleep when I'm traveling. He's hugging his pillow like a sloth on a branch.

0:10.0

He couldn't sleep before. Now listen to him. Sounds like an elephant with a chest infection.

0:15.0

Well, they call him a dreamer. And now they're right.

0:19.0

All aboard, Mr. I can never sleep when I'm traveling. Find all the comfort you need in the quiet lounge.

0:26.0

Piando Ferries, there is another way.

0:29.0

This is John Bachelor, an exchange between my colleague Gordon Chang and my colleague Fraser Howie about the future for Hong Kong.

0:39.0

After the takeover by the mainland security forces, can Hong Kong prosper again?

0:45.8

Fraser's answer is blunt.

0:47.8

Without the capitalism that was especially discouraging for

0:53.0

that capitalism and investor-class.

0:56.0

Fraser's answer was especially discouraging for Hong Kong,

1:01.0

for a city that was once one of the greats of the planet. This is Fraser Howie,

1:07.0

responding to Gordon's question, can Hong Kong survive?

1:12.0

More of this later tonight.

1:15.0

I hate to give a very short answer, but no, that it's no other path.

1:20.0

It's like I'd love to think that Hong Kong could somehow create something as it were out of nothing, but they can't.

1:26.0

We know in this, particularly for the stock market, their biggest success over the past 20 years or since the handover has been the Hong Kong Connect, which is to use

1:33.7

Hong Kong infrastructure to allow foreigners to trade Chinese mainland shares.

1:40.7

And we haven't seen any Hong Kong companies coming to the fore, we haven't seen any Hong Kong companies coming to the fore.

1:44.0

We haven't seen any use of industry developments there.

1:47.0

It's an economy that's become ever more dependent on China,

1:50.0

and particularly on the financial sector.

...

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