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They have got to keep their power, and if they feel threatened, they will do anything to hong kong or any other city for that matter in order to make sure that they remain in power. neil: could i flip it around, gordon, do you think in the backdrop of this, what i was raising with the guest earlier, that you might be encouraged by this, this move on the extradition thing because they do want a trade deal, and that was why they did what they did, do you agree with that. well, i think that the two are related only because xi jinping is going to be held responsible for mistakes in both areas because he is really the author of these hard-line policies in hong kong. and he s the one who is considered to have quote unquote lost america, as they say in beijing. so, you know, xi jinping has to make sure that he s not blamed for either of these mistakes, which pushes him i think to the more extreme positions, which is the reason why we re seeing some disturbing signs on the trade front from c ....
Companies and regulation is coming. it s just in what form and facet so i think with 25% of the market being dedicated to technology, that s where the biggest risks are going for. neil: you know, one optimistic note i could take and i m making this leap that you could dismiss it at will is that this blinking on the part of china regarding hong kong pushing off this extradition thing, after all these protests, very different response than we had to the up rising 30 years ago, it tells me that that could be because of that drop in trade, wanting to protect their economic status, not wanting to kill the baby, and destroy the bathtub, because hong kong is that important, business interests were apparently at play here and a lot of companies and those who do a lot of commerce there we re kind of telling china that all goes if you push this through which maybe is a sign that we get a trade deal. what do you think? yeah, i think that along with what you re seeing from huawei they are really ....
To pass that the government wants to pass here. what people are worried about is that if they have in dissent, they re going to go to china, be extradited there and they won t have a voice. what they re worried about is this lack of autonomy. another blow to what hong kong has. the government there is shut down. the offices involved in this. this extradition matter. presently shut down to not agitate things. is there any sense that the government will pull that back, the extradition thing was a bad idea? what are you hearing? that s great. that is what we re hearing. we have to wait and see. major figures, major figures close to the chief executive has said this is a bad idea. it s will slow down. the catholic church has said let s slow down. all of the labor unions have said this, the teacher s union. the social worker s union. people are saying let s go down ....
To be going against that and really creating the conditions for a big protest like this to happen, you know, it s a wakening the world to seeing this and could potentially help the u.s. in the sense of having other countries like europe joining the u.s. and pushing back against them. neil: it could field the narrative about the white house, they re not what they appear to be. they re not the straight shooters they say they are. this extradition thing that they unleashed on hong kong, we re told this came out of nowhere is illustrative of that. what do you think, charles? the main issue with the white house with respect to china returning that 150-page, seven chapter trade deal was the fact that they xed out the ability to keep them honest. they have done the bait and switch with the world, particularly americas on so many occasions, we must keep them honest. we re reminded of that by these scenes that we re looking at ....