Beijing is determined to pursue Hong Kong security laws, arguing that the cost will be lower than the benefits gained from solid control of the special zone.

China last May unexpectedly announced that its parliament would pass a new security law to the Hong Kong Special Administrative Region, criminalizing acts of "betrayal, breakaway, rebellion and overthrow" targeting the government.

In making this announcement, Beijing also seemed to anticipate the fierce reaction of Hong Kong people as well as the international public opinion, especially the US, with a law that is expected to permanently damage the autonomy of

However, its leaders still bet that on the global economy, the world always needs China, with or without Hong Kong, according to NYTimes commentators Alexandra Stevenson and Vivian Wang.

Four countries, including the United States, Britain, Canada and Australia, issued a joint statement expressing deep concern over mainland China's decision to impose new security laws on Hong Kong.

"There will be people who feel dissatisfied for a while. But 'dogs go on barking, people go on'. This is just a political ruling. They have a lot of real evidence to show that concerns

On June 3, HSBC Group said Peter Wong, Asia-Pacific Regional Director, signed a petition supporting Hong Kong's security laws.

NYTimes commentators argue that Hong Kong's importance to China has declined after the Chinese economy has grown.

But so far, Hong Kong accounts for less than 3% of the mainland's economic output.

However, Washington believes that Hong Kong is still valuable to China.

In addition, the special zone may lose the freedom to exchange freely between the dollar and Hong Kong dollars, which can greatly affect China.

US retaliation could cause many international businesses to leave Hong Kong.

Not only businesses, Hong Kong also faces the risk of many people leaving if China enforces security laws.

Many Hong Kong-based companies that support UK visas see a recent surge in customer demand.

Besides the UK, Hong Kong residents may also have other migration options such as Canada, Australia or Ireland.

"We advise Britain to step back from the brink, to abandon the Cold War mentality, to colonial thinking and to acknowledge and respect the fact that Hong Kong was returned," Chinese Foreign Ministry spokesman Zhao said.

Observers say that China's drastic response indicates that Beijing will be willing to "sacrifice" Hong Kong to pursue its own path.

China also thinks that its risks are very limited.

China also holds more than 1,000 billion US Treasury bonds, accounting for more than 4% of Washington's total debt.

Chinese officials also believe it has successfully enticed Hong Kong's top businessmen.

"We probably should not think too much about it. Hopefully the new law can reduce the fear of the Beijing central government in Hong Kong, thereby giving rise to positive prospects," the rich billionaire said.

Some of Hong Kong's largest investors expect the business to continue as usual.

"There will not be any change in the law, the independent judicial system or the freedom of speech," he said.

Hong Kong's security laws were also introduced by China at a time when they were considered political "mature" in politics.

Meanwhile, Beijing's rivals have weakened.

"China's attitude now is' We are willing to accept external criticism for everything we do," commented Andrew Nathan, a professor of political science at Columbia University.

Chinese calculations have also resulted in a key area of "discouraging" protesters in Hong Kong.

Some other activists try to cling to the hope that China still needs and wants world consensus.

"If the world no longer believes in China, they will oppose it. Is that the way China and Xi Jinping want? We want to convince them that Beijing's true interests must be

But Beijing does not seem to have the same opinion.

These moves seem to indicate that Beijing accepts to "sacrifice" the benefits that Hong Kong has long brought to the mainland in return for long-term control and stability of the special zone, commentator Stevenson.