Posted on Jul 17, 2021
Hong Kong: US issues warning on business risks
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The US has issued a warning to firms over the risks of doing business in Hong Kong after China imposed a new national security law there last year.
A new business advisory tells multinational firms that they are subject to the laws and that their people could be arrested under them.
Other risks may include having to surrender data to Chinese authorities.
President Biden said on Thursday that "the situation in Hong Kong is deteriorating".
Ahead of the business advisory being issued by the departments of State, Treasury, Commerce and Homeland Security, the president warned: "The Chinese government is not keeping its commitment that it made, how it would deal with Hong Kong".
The national security law was introduced in Hong Kong last year after protests over an extradition law turned violent and evolved into a broader anti-China and pro-democracy movement. It makes it easier to punish protesters and reduces the city's autonomy.
A new business advisory tells multinational firms that they are subject to the laws and that their people could be arrested under them.
Other risks may include having to surrender data to Chinese authorities.
President Biden said on Thursday that "the situation in Hong Kong is deteriorating".
Ahead of the business advisory being issued by the departments of State, Treasury, Commerce and Homeland Security, the president warned: "The Chinese government is not keeping its commitment that it made, how it would deal with Hong Kong".
The national security law was introduced in Hong Kong last year after protests over an extradition law turned violent and evolved into a broader anti-China and pro-democracy movement. It makes it easier to punish protesters and reduces the city's autonomy.
Hong Kong: US issues warning on business risks
Posted from bbc.com
Hong Kong
China
Business
International Trade
Democracy
Posted >1 y ago
Responses: 1
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The US has lost a great deal of it's moral authority on these matters. It's recent hiccups in Haiti and Cuba aren't helping, either. China is exploiting this.
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1stSgt Nelson Kerr
what hiccup in Cuba? The US getting Haiti wrong and making this worse has been a constant policy since 1804.
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SPC Jesse Davis
1stSgt Nelson Kerr -
Outside of the US, nobody is buying the grandstanding about Cuba since alot of the issues are explicitly the consequence of Trump's sanctions.
Outside of the US, nobody is buying the grandstanding about Cuba since alot of the issues are explicitly the consequence of Trump's sanctions.
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