The Hong Kong Riots and the Sterling Empire Last Stand
The years 1966 and 1967 are crucial for British Crown’s Colony of Hong Kong and for United Kingdom’s economic relation with the People’s Republic of China. Few studies on the subject addressed this reality only partially, whereas a thorough vision remains to be achieved. The 1967 left-wing riots marked a point of no return in UK’s perception of the Hong Kong issue from a political standpoint as the events showed the British the exact measurement of their weakness in the area. But while agreeing that UK’s decolonization strategy might have an earlier start, we have to point out that the years 1966 and 1967 need to be studied as crucial dates, which marks the acquisition of a new consciousness by the Hong Kong financial and industrial milieus: from then on, the economic future of the colony will look towards the Mainland and not anymore towards the United Kingdom, thus acknowledging the strong, though not problem-free, links built over the years by the Hong Kong capitalists with the People’s Republic of China establishment.
Keywords: Riots • Sterling • Hong Kong • Devaluation