This is an OZY Special Briefing, an extension of the Presidential Daily Brief. The Special Briefing tells you what you need to know about an important issue, individual or story that is making news. Each one serves up an interesting selection of facts, opinions, images and videos in order to catch you up and vault you ahead. WHAT TO KNOW What’s happening? Yesterday, Hong Kong saw what’s estimated to be its largest-ever demonstration as peaceful protesters clogged the streets to oppose a controversial extradition bill. The twist? The bill had already been suspended the day before by the city’s chief executive, Carrie Lam (pictured), 62. But the 2 million estimated protesters who took to the streets — more demonstrations took place today — want the bill scrapped altogether, and many want Lam’s resignation. If Lam steps down, as some predict, there’s no consensus over who might replace her, and Hong Kongers have little say over who serves as their own chief executive. Why does it matter? Beijing has been struggling on a number of fronts, notably in an ongoing trade war with the United States. Now Chinese President Xi Jinping — who celebrated his 66th birthday on Saturday in the company of Russian President Vladimir Putin and a box of ice cream treats — could see the Hong Kong protests work against him in those negotiations. With a G-20 summit set for the end of June, President Donald Trump is expected to use the protests, and international condemnation of the bill, to push his advantage against Xi on trade and threaten Hong Kong’s economic stability. |