Hong Kong Democracy Stalemate Sets Stage For Possible Financial District Shutdown

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Hong Kong Democracy Stalemate Sets Stage For Possible Financial District Shutdown

by Wochit 0:56 mins

Hong Kong Democracy Stalemate Sets Stage For Possible Financial District Shutdown

by Wochit 0:56 mins

Chinese officials and Hong Kong democrats failed on Thursday to resolve a standoff over political reforms in the freewheeling former British colony, a deadlock that could end up shutting down the city's financial district next month. Hong Kong, which returned to Chinese rule in 1997, has been roiled over the past year over how its next leader is chosen in 2017 - by universal suffrage, as the democrats would like, or from a list of pro-Beijing candidates. A so-called Occupy Central campaign of civil disobedience has threatened to blockade Hong Kong's Central business district if Beijing doesn't allow open nominations, rather than pre-screening candidates and restricting the poll to pro-Beijing "patriots" and those who "love China".

Wochit

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