For over a year, China has progressively tightened its grip on Hong Kong. Its latest move – the introduction of a new security law – may spell the death of the “one country, two systems,” and thus democracy and the rule of law in the city, but at what cost to the Communist Party of China?**Minxin Pei is Professor of Government at Claremont McKenna College and a non-resident senior fellow at the German Marshall Fund of the United States. He is a regular contributor to Project Syndicate.

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