A particularly nationalist Chinese newspaper, the Global Times, today said that if the Americans want to play the Hong Kong card they should play it, and then not be surprised at the results. More mildly, it was noted that the US has a huge trade surplus with the Hong Kong jurisdiction. More alarmingly, it was noted that 85,000 Americans currently live there.
Taiwan, Singapore and Malaysia stand ready to become the next Asian financial centers (Singapore is already, and with a joint US Air Base in Paya Lebar, it’s the place to go...)
The Philippines pissed off any goodwill that pro-US previous administrations had with the Communist Chinese lapdog Dutae. These administrations worked hard (Nonoy, Ramos, Erap) to undo the damage the socialist Filipino senators did when they kicked the US out.
https://en.m.wikipedia.org/wiki/Paya_Lebar_Air_Base
I remember the Singapore Movie, Ah Boys to Men, the initial 15 minutes was a simulated attack against Singapore by unmistakable Chinese Communist forces.