Hong Kong leader to announce formal withdrawal of extradition bill
I don&#x27;t think Beijing anticipated or endorsed this. In context of Lams leaked resignation remarks yesterday, it looks like Lam is going rogue. She&#x27;s setting herself up to be replaced via disobedience, because all signs pointed to Emergency Regulations Ordinance being invoked if protest continues. Her legacy is already ruined, but I think she doesn&#x27;t have the stomach to double down that far.<p>Beijing specifically instructed Lam not to give in to any demands a week ago. Lam capitulating is Beijing capitulating, and Beijing is not going to capitulate with 70th anniversary coming up and activated mainland nationalism. Beijing is all in. For mainlanders, after how events have been portrayed by state media, Lam is basically acquiescing to terrorists. The situation is developing and I think there&#x27;s a very narrow set of outcomes where this would not backfire spectacularly.