CNBC's Kelly Evans discusses the crackdown in Hong Kong amid China's new national security law with Michael Schuman, author of “Superpower Interrupted: The Chinese History of the World.” For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi Hong Kong’s status as one of the world’s most prominent financial hubs appears to be under threat. Beijing has unanimously passed a new national security law for the territory, which some experts warn has the potential to erode the very structures that grant the region major privileges on the international stage. The legislation bans sedition, secession and treason against China, crimes that can mean life in prison. “China constantly uses national security as a reason for saying, ‘I don’t have to abide by any rules. I can arrest you without any need for explanation,’” said Robert Koepp, founder and principal at Geoeconomix. China’s premier says the law is designed to protect the long-term prosperity of the city, which has been gripped by protests since 2019, but critics worry that China’s move to tighten its hold jeopardizes the freedoms that China guaranteed to Hong Kong for 50 years when the U.K. handed it over in 1997. “We didn’t expect this full-scale frontal attack,” said Hong Kong legislator Claudia Mo. “Beijing obviously thinks this is going to be a knockout blow for the Hong Kong democracy movement. ... This is the end of Hong Kong as we know it.” » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC #CNBCTV