U.S. President Donald Trump's decision last week to sign the Hong Kong Human Rights and Democracy Act pleased China more than either the city's protesters or investors seem to realize.
On the surface, all the protesters' renditions of U.S. national anthem "The Star-Spangled Banner" paid off for Hongkongers. In recent months, many took to the street signaling their hope for Trump's support by waving America's flag and singing the anthem. Last week, the U.S. president appeared to respond.