Could someone explain to me what the plan is for the end of the 50 year transition period? From my extremely uninformed point of view, this feels like delaying the inevitable. Is there a different outcome than Hong Kong eventually being entirely under the Chinese government?
Am not sure there was any solid plans. People have, or had, different aspirations.
It, more than anything, IMO, was said to appease the fear of the HK people who had a deep mistrust of the PRC government. Still, a lot of people emigrated before 1997.
Note that the saying is kind of vague anyway, it just says that the capitalist system and "ways of living" will not change.