Hong Kong’s Apple Daily Runs Low on Funds to Print Paper

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  • Bloomberg Politics published this video item, entitled “Hong Kong’s Apple Daily Runs Low on Funds to Print Paper” – below is their description.

    Jun.20 — Hong Kong’s Apple Daily newspaper has enough cash on hand to continue operating as normal only for a couple of weeks, according to a person familiar with the matter. Authorities used a sweeping national security law to freeze assets of the pro-democracy paper’s publisher, and arrested top editors and executives. Meanwhile, Taiwan said it recalled representative officials from Hong Kong, citing “unreasonable political preconditions” for its personnel to operate in the city. Stephen Engle reports on “Bloomberg Daybreak: Australia.”

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    In This Story: Hong Kong

    Hong Kong, officially the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR), is a metropolitan area and special administrative region of the People’s Republic of China on the eastern Pearl River Delta of the South China Sea. With over 7.5 million residents of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated places in the world.

    Hong Kong became a colony of the British Empire after the Qing Empire ceded Hong Kong Island at the end of the First Opium War in 1842. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898. The whole territory was transferred to China in 1997. As a special administrative region, Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of “one country, two systems”.

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  • In This Story: Taiwan

    Taiwan, officially the Republic of China, is a country in East Asia. Neighbouring countries include the People’s Republic of China to the northwest, Japan to the northeast, and the Philippines to the south.

    The political status of Taiwan is complicated. The Republic of China (ROC) is no longer a member of the UN, having been replaced by the People’s Republic of China (PRC) in 1971. Taiwan is claimed by the PRC, which refuses diplomatic relations with countries that recognise the ROC. Taiwan maintains official diplomatic relations with 14 out of 193 UN member states and the Holy See.

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