Business > Commentary

Hong Kong's About Face

1 month ago   |   By Fortune

Clay Chandler here, filling in for Alan.
I write from Hong Kong where the big news is that Carrie Lam, the city's Beijing-appointed chief executive, announced this afternoon that she will “ pause ” her administration's push to pass a contentious extradition bill.
The proposal, which would have enabled Hong Kong to hand over fugitives accused of crimes on the Chinese mainland and in other jurisdictions, is so unpopular among residents that, over the past week, hundreds of thousands took to the streets in protest. It also threatened Hong Kong's reputation as a financial capital. Opponents of...
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