I’m Keith DeGreen, and this is your Investors Minute.
Thousands of Hong Kong demonstrators continue to protest China’s insistence on screening local candidates for Hong Kong public office.
Hong Kong is a great and vibrant city. I was there in 2007 for the tenth anniversary of Hong Kong’s handover by Great Britain to China.
Even then Beijing was promising Hong Kong residents greater autonomy under their “one country, two systems” policy. But now they’ve reneged. As we invest in China let’s not forget who we are dealing with – autocrats who permit free enterprise and elections not as a right, but as a convenience.
Meanwhile I’ve heard some U.S. investors say that, to protect trade, they hope the protestors go away. Really? Do we too only support democracy when it’s convenient?
I’m Keith DeGreen. This has been your Investors Minute.
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