Comments by "Peter Jacobsen" (@pjacobsen1000) on "Bloomberg Television"
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China's central government debt is now at $16 trillion, plus local government debt at $12 trillion, totaling $28 trillion. This does not include the debt held by State Owned Enterprises, which lies at around $11 trillion. If we include that, we end up at $39 trillion. However, China has the benefit of being a centrally controlled financial system, so debt can be cancelled, or money can be moved around, or be issued, for a long, long time. It's not good, but it's not a disaster, either.
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@canto_v12 I don't know about 'most countries', but in most western and other developed countries, hate speech tends to be free speech. It is a common misunderstanding that 'hate speech' is punished by law in the west. Hate speech is generally considered protected speech.
It is true that there a limitations in speech, the question is how broad these limitations are. For example, it may seem reasonable to limit 'incitement to violence', but only if the term 'incitement' is very clearly defined with clear limits. To say "I hope xyz-organisation is overthrown" is perfectly legal in democratic countries.
Anyway, let's go back to HK. Before 1997, HK was perhaps the most free region in all of Asia when it came to speech. You could critique and protest against colonial British rule, against the governor, against the police, against the government of Britain or HK. These activities were all protected. People did not need prior permission to march in the streets, though there were rules against stopping or disrupting traffic or normal business.
The National Security Law makes it a crime to 'incite hatred against the Central Government or the HK government'. There has never been such a law in HK before, and such a law does not exist in any democratic/western/developed country. But laws like this are common in authoritarian countries.
You like this law, and you have to live with it. Good luck.
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