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

London: Chinese President Xi Jinping is so nervous about the position of the Communist Party that he is risking a new Cold War and imperilling Hong Kong’s position as Asia’s pre-eminent financial hub, the last British governor of the territory told Reuters.
Chris Patten said Xi’s ‘thuggish’ crackdown in Hong Kong risked triggering an outflow of capital and people from the city which funnels the bulk of foreign investment into mainland China. The West, he said, should stop being naive about Xi, who has served as General Secretary of the Communist Party since 2012. “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,” Patten said. Patten cast Xi as a dictator who was “nervous” about the position of the Communist Party in China after criticism of its early handling of the novel coronavirus outbreak and the economic impact of its trade disagreements with the United States.
“One reason Xi Jinping is whipping up all this nationalist feeling about Hong Kong, about Taiwan and about other issues, is that he is more nervous than any official would allow about the position of the Communist Party in China,” he said. The Chinese embassy in London did not immediately respond to a request for comment. 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.
Hong Kong’s autonomy was guaranteed under the “one country, two systems” agreement enshrined in the 1984 Sino-British Joint Declaration.
But thousands of Hong Kong protesters have defied Beijing in recent months. China’s parliament this week approved a decision to create laws for Hong Kong to curb sedition, secession, terrorism and foreign interference.
“Xi Jinping hates the things which Hong Kong has been promised under the ‘one country, two systems’ treaty lodged at the United Nations which he is wilfully breaking,” Patten said. “What he hopes he can do is to bash Hong Kong into shape.” reuters