Hong Kong’s future as a global hub in ‘peril’

China’s sweeping plans to strip Hong Kong of democratic autonomy spell the “death knell” for the enclave’s special trading and financial status and will have grave economic consequences for China itself, Washington has warned in a dramatic shot across the bows. The draft law bans “treason, secession, sedition and subversion” in Hong Kong, eviscerating the zone’s ‘One Nation, Two Systems’ status and violating the Sino-British Joint Declaration