The People Of Hong Kong Stand Against Chinese Suppression

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The People Of Hong Kong Stand Against Chinese Suppression
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Hundreds of demonstrators took to the streets in the United States on Sunday in a show of solidarity with the almost 2 million people of Hong Kong who marched to demand the controversial extradition bill be scrapped, and for the resignation of the city’s leader.

Below are the talking points of Marion Smith, the Executive Director of the Victims of Communism Memorial Foundation (VOC), based in Washington, DC. See clips of him here, here and here.

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  • More than one million people have taken to the streets in Hong Kong to protest a proposed law that would allow Beijing to extradite Hong Kong residents and foreigners across the border to stand trial in mainland China. The massive and historic demonstrations happening right now in Hong Kong are rightly called a ‘last fight’ because if the Chinese Communist Party can efficiently extradite those who offend Beijing, civil rights in Hong Kong are doomed. Communist China has already victimized tens of millions of people in its 70 year history. This extradition law would only add to that number.
  • The extradition law represents a direct threat to the rule of law and to the autonomy of Hong Kong. The ‘one country, two systems’ framework continues to be eroded by Beijing as it continues to restrict free speech, crush dissent, and co-opt Hong Kong's institutions.
  • This proposed law is the latest offense of many. Since the 2014 Umbrella Movement, the Chinese Communist Party has jailed protestors, side-lined pro-democracy and pro-independence voices, and expelled foreign journalists. A city where civil rights and fundamental freedoms have been a model in Asia is now being taken captive by the single-party dictatorship of Xi Jinping. Now the Communist Party wants to finish the job and absorb Hong Kong.
  • The people of Hong Kong are standing against this suppression of their freedom, and so must the United States and the rest of the free world.
  • Hong Kong also sent a strong message to Beijing earlier this month as 180,000 people gathered for the annual vigil to commemorate the victims of the June 4, 1989 Tiananmen Square Massacre. Beijing still denies that this massacre took place, but the people of Hong Kong know what China’s communist regimes stands for – and they want no part of it.

VOC's work has focused on calling out China's human rights violations. In June 2016, computer hackers supporting China's Communist government shut down VOC's website during an international online meeting highlighting the 1989 Tiananmen massacre in Beijing. In December 2016, when the Miss World pageant - largely sponsored by Chinese companies, silenced Chinese beauty Queen Anastasia Lin, a critic of China, at a U.S. competition, VOC sponsored the premiere of her film and stood by her side. In July 2016, VOC released its annual Captive Nations Report on North Korea in which they rebuked China for failing to curb North Korean aggression. Just last month, Marion authored this oped in the Washington Post: Buying stock in these Chinese companies makes you complicit in terror on Uighurs.

***Note: The DC rally this weekend took place at the organization's memorial, the Victims of Communism Memorial, which is a replica of the Goddess of Democracy located at the intersection of Mass Ave, New Jersey Ave, and G Street, NW, within view of the U.S. Capitol.

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Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver

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