When China took back sovereignty over Hong Kong ten years ago, it promised to preserve its unique "way of life". The imaginative formula for doing this had two parts. The first was "one country, two sys-tems"-ie, Hong Kong would still be capitalist, while China would pretend, ever less convincingly, to be socialist. The other was "Hong Kong people ruling Hong Kong". As China's leaders descend on Hong Kong this weekend for tenth-anniversary fireworks and self-congratulation, the place is booming and has changed far less in ten years than has almost any other city in China (see our special report). Its capitalist system is largely intact. But on its commitment to let Hong Kong people run Hong Kong, China has flouted its promise of autonomy in everything apart from foreign affairs and defence. This is a potential disaster for Hong Kong, and a missed opportunity for China.
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