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Illustration: Sarah Grillo/Axios

A bill that would have allowed for the extradition of people from Hong Kong to China drove millions to the streets in protest in recent weeks and is the latest action blurring the lines of the “One Country, Two Systems” structure.

Why it matters: Hong Kong, a concession of the Opium Wars and former British colony, was returned to China in 1997 on the grounds that it would maintain significant autonomy for 50 years. A global financial center, Hong Kong’s economy was once more than 1/4 the size of all of mainland China’s. As China’s economy has ballooned, and its reliance on Hong Kong has diminished, Beijing has exerted greater influence. But attempts to erode Hong Kong’s autonomy have been met with repeated mass protests.

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Go deeper

U.S. economy grew at a 6.5% rate last quarter, missing expectations

Contractors work on a home under construction. (Photo: Micah Green/Bloomberg via Getty Images)

The U.S. economy grew at an annualized 6.5% rate last quarter, the government said Thursday — slower than the 8.4% economists expected.

Why it matters: It came as the economy made strides toward further reopening, vaccinations rolled out and government stimulus bolstered spending. But supply crunches held the pace of growth back.

11 mins ago - Sports

U.S. gymnast Suni Lee wins Olympic gold in individual all-around

Suni Lee . Photo: Jamie Squire/Getty Images

U.S. gymnast Sunisa "Suni" Lee won Olympic gold on Thursday in the individual all-around event.

The big picture: Simone Biles, who withdrew from the event to focus on her mental health, cheered from the stands with the rest of the women's gymnastics team as they watched Lee and teammate Jade Carey compete. Brazil's Rebeca Andrade won the silver and Russian Angelina Melnikova took the bronze.

Updated 2 hours ago - Sports

Olympics dashboard

Team USA's Simone Biles during the women's team final on day four of the Tokyo 2020 Olympic Games at Ariake Gymnastics Centre on Tuesday in Japan. Photo: Fred Lee/Getty Images

🤸🏾‍♀️: Simone Biles reacts to "love and support" after withdrawing from all-around gymnastics and team finals, citing her mental health

🏃: U.S. pole vaulter Sam Kendricks withdraws from Games after positive coronavirus test

🏊‍♂️: Caeleb Dressel wins gold in men's 100m freestyle —Bobby Finke wins gold in first men's Olympic 800m freestyle

📷: In photos: Tokyo Olympics day 6 highlights

🗓: The Olympic events to watch today

💵: Olympic athletes see more sponsorship opportunities

🏃‍: Female Olympians push back against double standard in uniforms

Go deeper: Full Axios coverage - Medal tracker

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