• Home
  • Terms and Conditions
  • Privacy Policy
  • Copyrights & DMCA
  • Cookie Policy
  • Contact Us
Monday, October 2, 2023
Daw Rimiz
No Result
View All Result
  • Login
  • Home
  • Business
    • Technology
    • Market
    • Gold
    • Stock
    • Money
    • Travel
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Recipe
  • Health
    • Fitness
    • Diet
    • Exercise
    • Sports
  • Lifestyle
    • Fashion
    • Music
    • Kids
  • Services
    • Errand Services
    • Customer Service
    • Care Services
    • Cleaning Services
    • Online Services
    • Office Services
    • Home Services
    • Transport Service
    • Writing Service
  • Pages
    • Terms and Conditions
    • Privacy Policy
    • Digital Millennium Copyright Act Notice
    • Cookie Policy
  • Contact Us
  • Home
  • Business
    • Technology
    • Market
    • Gold
    • Stock
    • Money
    • Travel
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Recipe
  • Health
    • Fitness
    • Diet
    • Exercise
    • Sports
  • Lifestyle
    • Fashion
    • Music
    • Kids
  • Services
    • Errand Services
    • Customer Service
    • Care Services
    • Cleaning Services
    • Online Services
    • Office Services
    • Home Services
    • Transport Service
    • Writing Service
  • Pages
    • Terms and Conditions
    • Privacy Policy
    • Digital Millennium Copyright Act Notice
    • Cookie Policy
  • Contact Us
No Result
View All Result
DawRimiz
No Result
View All Result
Home Business

The U.S. warns China meddling in Hong Kong hurting business confidence

Donna Gilbert by Donna Gilbert
August 15, 2023
in Business
0
The U.S. warns China meddling in Hong Kong hurting business confidence

HONG KONG (Reuters) – The United States warned in a report on Friday that increased meddling from China in Hong Kong had adversely impacted the city, straining international business confidence in the Asian financial hub.
The U.S. State Department report cited incidents such as the expulsion of Financial Times editor Victor Mallet, the banning of a pro-independence political party, the jailing of young democracy activists and barring people from local elections.

The U.S. warns China meddling in Hong Kong hurting business confidence 1

Article Summary show
READ ALSO
The inventory marketplace is rapidly dropping its largest driving force of profits as worldwide alternate tensions flare
Stocks dip into the crimson amid combined change alerts

READ ALSO

The inventory marketplace is rapidly dropping its largest driving force of profits as worldwide alternate tensions flare

Stocks dip into the crimson amid combined change alerts

The city is now also seeking to amend laws to allow individuals to be extradited to mainland China, despite grave human rights concerns towards Beijing.

“The tempo of mainland central government intervention in Hong Kong affairs – and actions by the Hong Kong government consistent with mainland direction – increased, accelerating negative trends seen in previous periods,” the U.S. State Department said in its 2019 report on the Hong Kong Policy Act.

“Growing political restrictions in Hong Kong may be straining the confidence of the international business community.”

The 1992 U.S.-Hong Kong policy act allows Washington to engage with Hong Kong as a non-sovereign entity distinct from China on matters of trade and economics.

The areas of special treatment for Hong Kong are fairly broad and now include visas, law enforcement including extraditions, and investment.

“Policies and practices of the mainland central government adversely impacted Hong Kong in multiple areas, and mainland pressure resulted in new constraints on Hong Kong’s political space,” the report said.

“In some particularly concerning instances, Hong Kong authorities took actions aligned with mainland priorities at the expense of human rights and fundamental freedoms.”

The continuation of the U.S. Congress enacted policy is predicated upon China and Hong Kong maintaining a so-called “one country, two systems” arrangement.

This mode of governance, that came into effect after Hong Kong reverted from British to Chinese rule in 1997, grants the city a high degree of autonomy, the rule of law and freedoms not allowed under Communist China controlled mainland.

Some critics, including pro-independence activist Andy Chan, have called on the U.S. to review the viability of this act in future, given China’s tightening grip on the city’s freedoms.

Hong Kong, which has long acted as a leading re-export and entrepot hub for U.S.-China trade, has largely escaped the brunt of current U.S.-China trade tensions, given its special status as a separate customs entity.

Should the policy act be reviewed, however, the economic impact could be much larger, say observers.
In 2018, the United States’ largest worldwide bilateral trade-in-goods surplus was with Hong Kong, at $25.9 billion, the report noted.

The U.S. Consul General in Hong Kong Kurt Tong in February expressed concerns about Hong Kong’s autonomy, noting erosions to the “one-country, two systems” formula

Related Posts

The inventory marketplace is rapidly dropping its largest driving force of profits as worldwide alternate tensions flare
Stock

The inventory marketplace is rapidly dropping its largest driving force of profits as worldwide alternate tensions flare

September 22, 2023
Stocks dip into the crimson amid combined change alerts
Stock

Stocks dip into the crimson amid combined change alerts

September 22, 2023
Yes Bank inventory rate jumps 10% after falling to double digits for first time in 5 years
Stock

Yes Bank inventory rate jumps 10% after falling to double digits for first time in 5 years

September 22, 2023
One crushed-down Chinese tech stock might be at the verge of a breakout
Stock

One crushed-down Chinese tech stock might be at the verge of a breakout

September 22, 2023
Stock market replace: IT stocks dip; Mindtree down over 2%
Stock

Stock market replace: IT stocks dip; Mindtree down over 2%

September 22, 2023
Sebi fines 3 entities Rs 19 lakh for manipulative exchange in BSE inventory options section
Stock

Sebi fines 3 entities Rs 19 lakh for manipulative exchange in BSE inventory options section

September 22, 2023
Next Post
Why The Most Underrated CEO in Business Is the Real Winner

Why The Most Underrated CEO in Business Is the Real Winner

No Result
View All Result

Categories

  • Business
  • Care Services
  • Cleaning Services
  • Customer Service
  • Dessert
  • Diet
  • Drinks
  • Errand Services
  • Exercise
  • Fashion
  • Fast food
  • Fitness
  • Food
  • Gold
  • Health
  • Home Services
  • Kids
  • Lifestyle
  • Market
  • Money
  • Music
  • Office Services
  • Online Services
  • Recipe
  • Services
  • Sports
  • Stock
  • Technology
  • Transport Service
  • Travel
  • Writing Service

Recent Posts

  • How to Buy the Right White Cardigan For You
  • Diagnosis of Mental Health: How to Find Mental Illness
  • Recipe for Turmeric – How To Make Turmeric Body Scrub
  • Meera Sodha’s vegan recipe for broccoli and soba noodle salad
  • How to deplete extra sourdough starter: an clean pancake recipe
  • Home
  • Terms and Conditions
  • Privacy Policy
  • Copyrights & DMCA
  • Cookie Policy
  • Contact Us

© 2021-2023 Dawrimiz All Rights Reserved Dawrimiz.

No Result
View All Result
  • Home
  • Business
    • Technology
    • Market
    • Gold
    • Stock
    • Money
    • Travel
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Recipe
  • Health
    • Fitness
    • Diet
    • Exercise
    • Sports
  • Lifestyle
    • Fashion
    • Music
    • Kids
  • Services
    • Errand Services
    • Customer Service
    • Care Services
    • Cleaning Services
    • Online Services
    • Office Services
    • Home Services
    • Transport Service
    • Writing Service
  • Pages
    • Terms and Conditions
    • Privacy Policy
    • Digital Millennium Copyright Act Notice
    • Cookie Policy
  • Contact Us

© 2021-2023 Dawrimiz All Rights Reserved Dawrimiz.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In