Hong Kong Protests Won't Have a Pretty Ending, China Beige Book CEO Says

The transcript discusses the ongoing tensions between Hong Kong and mainland China, focusing on the protests and demands for universal suffrage. Despite the withdrawal of the extradition bill, other demands remain unmet, leading to continued unrest. The discussion highlights the improbability of a peaceful resolution and suggests that China may take a tougher stance after the politically sensitive October 1st holiday. The economic impact and potential endgame scenarios are also considered.

In what ways does the speaker believe the state might respond to the ongoing protests?

What does the speaker suggest might happen after October 1st regarding the protests?