In this episode of the ChinaPower Podcast, Daniel Ten Kate joins us to discuss the current state of affairs in Hong Kong. Mr. Ten Kate argues that Hong Kong has changed drastically since its handover to the P.R.C. 25 years ago. The “One Country, Two Systems” framework that governs the territory has allowed Hong Kong to maintain its economic system, but only Chinese “patriots” are allowed to participate in Hong Kong’s political system. He also discusses Hong Kong’s leadership, predicting that John Lee will have to navigate a strained economic climate and onerous Covid restrictions as he seeks to maintain Hong Kong’s status as a major financial hub.

Daniel Ten Kate is a Managing Editor at Bloomberg News. Mr. Ten Kate manages a team of reporters for Bloomberg that covers East and Southeast Asia.