If that happens, Hong Kongers will go from disappointment to despair, and more of them will pack up and leave. In that case, China will have a Hong Kong that is patriotic, but has lost its competitive edge. It will find that it has only gained another second-rate city. That kind of outcome would be a loss for both sides.
Fan Shih-ping is a professor at National Taiwan Normal University’s Graduate Institute of Political Science.
Translated by Julian Clegg