The title might be a little on the dull side – The Practice of the One Country, Two Systems Policy in the Hong Kong Special Administrative Region – but make no mistake, this White Paper, published in eight languages by China’s State Council on June 10, is deeply significant.
It is the first such paper the Chinese government has produced since the 1997 handover, and its critics see it as a unilateral re-framing by China of the concept of One Country, Two Systems, the late Deng Xiaoping’s formula for the co-existence of Hong Kong’s capitalism with Beijing’s ‘socialism with Chinese characteristics’.
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Beijing is pursuing a high-risk strategy