Abstract
ABSTRACT This article examines the impact of US–China geopolitical tensions on Hong Kong as an IFC, and how Hong Kong is coping. Utilizing a dynamic IPE perspective, it details how Hong Kong officials, financial market actors and corporations have responded to the punitive US measures against Hong Kong and China in 2020 and 2021, measures that are tantamount to commercial and financial warfare on China and the city, but also that work against the interests of US corporates in Hong Kong. The analysis highlights Hong Kong’s competitive resiliency as an IFC, from 2019 to early-2022, and the sources of its resiliency.
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