
Police officers stand guard at Hong Kong's Po Lam Station during a standoff with protesters on Sept. 5. Hong Kong's days as the preeminent financial hub on China's east coast might be numbered.
It's the announcement Hong Kong's protesters were waiting for — three months ago. In an effort to quell the city's protests, Hong Kong Chief Executive Carrie Lam formally declared on Sept. 4 that she was fully withdrawing the controversial extradition bill that initially sparked the city's protests in early June , marking a sharp turn after she steadfastly refused to do anything but suspend the motion. Lam made the decision as part of a four-part action plan, which also includes an independent study on the "root cause" of the protests, as well as greater engagement with citizens. But Lam's final proposal — to "fully support" an investigation into police conduct under an existing independent police complaint council — evades one of the protesters' primary demands for an independent inquiry.