News World China's 'nervous' Xi risks new Cold War, last Hong...

China’s ‘nervous’ Xi risks new Cold War, last Hong Kong governor says

-

- Advertisment -

FILE PHOTO: Former Hong Kong governor Chris Patten in Hong Kong, China November 25, 2016. REUTERS/Bobby Yip/File Photo

LONDON (Reuters) – Chinese President Xi Jinping is so nervous about the position of the Communist Party that he is risking a new Cold War and imperiling Hong Kong’s position as Asia’s preeminent financial hub, the last British governor of the territory told Reuters.

Chris Patten said Xi’s ‘thuggish’ crackdown in Hong Kong could trigger an outflow of capital and people from the city which funnels the bulk of foreign direct investment into mainland China.

“What does it mean? It means serious question marks not just about Hong Kong’s future as a free society but also about Hong Kong’s ability to continue as probably the premier international financial hub in Asia,” Patten said in an interview.

“A lot of people will try to leave Hong Kong,” Patten said, adding that he feared capital would also flow out of the territory which Britain handed back to China in 1997.

The West, he said, should stop being naive about Xi.

“We have long since passed the stage where, without wanting another Cold War, we have to react to the fact Xi seems to want one himself, seems to want to be able to bully his way to whatever he thinks China wants,” Patten said.

Patten, now 76, watched as the British flag was lowered over Hong Kong when the colony was handed back to China in 1997 after more than 150 years of British rule – imposed after Britain defeated China in the First Opium War.

Hong Kong’s autonomy was guaranteed under the “one country, two systems” agreement enshrined in the 1984 Sino-British Joint Declaration signed by then Chinese Premier Zhao Ziyang and British Prime Minister Margaret Thatcher.

Reporting by Guy Faulconbridge; editing by Kate Holton

Latest news

Panic As 6900 People Test Positive For HIV Within 6 Months In Oyo

The Oyo State Agency for the Control of AIDS (OYSACA) has revealed that between January and June 2020, over...

“Don’t Talk To Me That Way. I’m the President of US” – Trump Fires At Reporter Asking Him to Explain Election Fraud Allegations (Video)

Donald Trump A reporter has been scolded by US President, Donald Trump during an interview. It happened on November, 26 after...

Family Blows Hot, Demands Trial Of Ex-Rivers’ SARS Commander For Alleged Murder

A former SARS commander is under fire by a family claiming that their son had been murdered, Vanguard reports.The...

Northern Elders Demand Resignation Of Fashola…See Why

Alhaji Rufai Mukhtar Danmaje, a member of the Northern Elders Forum and the Chairman of Maje Foundation,  has asked...
- Advertisement -

Five Men Inscribe ’50K’ On 16-year-old Teenager After Raping Her In Enugu

Assault A Nigerian man may be in serious trouble after being accused of sexually assaulting a teenage girl in Enugu...

After Over 3 Days In Kuje Prison, Court Grants Senator Ndume Bail

Ali Ndume A Nigerian lawmaker imprisoned for at least three days has finally been granted bail. The Federal High Court in...

Must read

- Advertisement -

You might also likeRELATED
Recommended to you