Posted inBeijingChinaHong KongWorld

How Hong Kong’s tearful capitalists abandoned John Tsang

Hong Kong tycoons may be as sharp as knives when it comes to making money, but they’re probably not that smart when playing politics with the Chinese communists. Most local heavyweights backed Carrie Lam, the Beijing-favored and victorious candidate, to become the city’s next leader. Former financial secretary John Tsang, meanwhile, suffered a colossal defeat despite having […]