Defending Hong Kong's Students
By Adam Minter Bloombergviews What’s worse for big business in Hong Kong -- street protests or the tear gas fired to disperse the protests? That's the uncomfortable question now confronting Hong Kong's button-down business community, which has coexisted relatively peacefully with the city’s Communist overlords since the handover to Chinese rule in 1997. For 30 years, nobody -- other than perhaps China’s growing middle-class -- has benefited more from China’s economic rise than Hong Kong. Uniquely positioned both geographically and politically as a bridge between the mainland and the developed world, Hong Kong’s leaders and businesspeople have learned the value of not rocking the boat and -- when necessary -- throwing in with those who promise continued good times. Few groups appreciate stability quite as much as the Big Four audit firms (Deloitte, PricewaterhouseCoopers, Ernst & Young and KPMG), all of whom covet the business of the state-owned Chinese companies that have...