For Xi Jinping, Hong Kong is the land of no good options. If he does nothing and lets the situation fester, his colleagues may think he’s a wimp (never a good look for a strongman), and people on the mainland may start to get ideas about the feasibility of political reform. If he sends in the PLA, on the other hand, all the pandas and kung fu movies in the world aren’t going to erase images of students being shot down in the streets, and Hong Kong’s credibility as a bridge between capitalism and communism, which still has value to China, will be shattered. What should he do?
For now, the answer seems to be to hope that the excesses of some of the protestors will turn public opinion against them. That could work, but it will take some time. In the interim, Xi could help himself by emphatically reaffirming his commitment to the previous workings of “one country, two systems” and by telling the Hong Kong government to completely shelve the extradition bill. After all, it was the government that was the aggressor here, not the protestors, so calling for a return to the status quo ante wouldn’t make him a wimp.