Fear-mongering Over National Security Law Unfounded
"If it makes any fuss on Hong Kong's unique linked exchange rate regime which ensures its monetary base is backed with US dollars, how big would the US lose when global investors lose faith in US-denominated assets, which are considered as lifeline for the US economy," Lui said.
When it comes to the new national security law, China's top legislators are committed to pushing forward it smoothly, in spite of how hard foreign forces have been trying to pressure China on the matter. The US should not underestimate the central government's determination in defending its sovereignty and national security, some observers said, like what it did in protecting both financial market security in Hong Kong and the mainland two decades ago.