The National People’s Congress of China officially passed the Hong Kong national security bill, thereby stripping the Hong Kong people of their freedom of speech and completely reneging on the deal China signed with Britain three decades ago.
This week we are taking an in-depth look at all the various policy responses to the epidemic and how the economies of the major markets around the world are faring. The region with the highest fiscal response has been Europe where Germany, France, and the UK have spent amounts equal to 48%, 26%, and 22% of their GDP’s respectively.
The biggest topic for us over the past week has been China and their reneging of the “One Country, Two Systems” framework they signed with the British and Hong Kong back in the 1990’s.
