News Snapshot:
CNBC ^ | 3-12-21 | Yen Nee Lee Posted on 03/12/2021 6:13:51 AM PST by SJackson A former U.S. diplomat said China’s latest move to tighten its control over Hong Kong will turn the semi-autonomous region’s legislative body into something that’s “largely ceremonial.” “I think what we’ll see in the years ahead is that the legislative council ... will become a largely ceremonial organization — similar to the legislative apparatus in Beijing,” Kurt Tong, former U.S. consul general and chief of mission in Hong Kong and Macau, told CNBC’s “Squawk Box Asia” on Friday. Beijing on Thursday approved a draft...
