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More and more civil society organizations in Hong Kong are surrendering. Trade unionists, activists, and media representatives fear prosecution by the authorities. Resistance to Beijing's authoritarian takeover of the city is beginning to shift overseas, where former parliamentarians and activists are stepping up their lobbying efforts.
By Marcel Grzanna
Huachen Automotive was forced into bankruptcy. Bank Huarong, on the other hand, was rescued. HNA has to go through a painful restructuring. And Evergrande? The decisions to rescue or restructure ailing companies expose Beijing's strategy towards financial market risks. The dilemma faced by Chinese planners is strikingly similar to that faced by regulators in Western countries.
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