WASHINGTON - Business groups are urging U.S. President Donald Trump to go slowly in responding to Beijing’s planned imposition of new national security laws on Hong Kong, warning revoking the city’s special U.S. privileges will hurt the territory and its people.
Hong Kong’s special status has helped keep the former British colony of 7.5 million - which hosts operations of 1,300 U.S. companies and some 85,000 American residents - one of the world’s premier financial hubs since reverting to Chinese rule in 1997. Pompeo’s declaration leaves room to move slowly, and acting quickly could inflict pain on Hong Kong and waste U.S. leverage over Beijing, said Scott Kennedy, a senior adviser and China expert at the Center for Strategic and International Studies in Washington.
“I do think that the drip-by-drip process of companies leaving had already begun. The promulgation of a national security law really throws fuel on that fire,” said Todd Mariano, director of Eurasia Group’s U.S. practice in Washington. What’s more important is preserving the sanctity of contracts, consistent labor rules and predictable regulation, Chamorro said.
davelawder this is why china can survive and grow its totalitarianism! some people still put $$$ before sufferings undertaking by the people china suppresses! remind yourself about the case in australia! they have almost lost the whole country to china!
davelawder They’ve been warned. Why go slowly? People are suffering!
davelawder StandWithHongKong
davelawder US get 60 billion $ trade surplus per year from hk, did anyone remember he claim China stole 500 billion from US per year which also trade surplus of China. I don't think our great business man react hard. Especially, he needs more surplus to show his achievement to re-elect
davelawder StandWithHongKong
davelawder oh, yeah, you don't know how much they earned every year from HK.
davelawder Either way, slowly or quickly, but surely, the message is clear: HK will lose its financial hub status. Whatever the world decides out of this, be it bad for the region’s economy or what have you, China should take full responsibility.
davelawder USA businesses in hk want to see petrol bombs thrown on the streets? Cops neck lacerated? Lawyer beaten bloody? Buildings burned? Roads blocked? Shops ransacked? Schools disrupted? Children taught twisted history? Subways burned? dunno, given USA’s cv19 response, they might.
davelawder And Trump wants to mediate between China and India. Shouldn't India mediate between China and US . Aren't them having a bigger fight.
davelawder Yep. Forget human rights n such niceties. They need the 'human stock capital' from China.
davelawder 🇨🇳 To U. S. Businesse: Appreciated. I'm gonna kill another 100k of Americans.
davelawder BaldingsWorld taipei_weather No! The response needs to be sharp and severe, or it will simply be laughed off by Beijing as more nonsense. The gradual approach simply does not work, and is nothing more than deceit or delusion at this point.
davelawder Of course he's famous for taking & following good advice from professionals who know what they're talking about.....................right?
davelawder Money over freedom.
davelawder Trump does not have the ability to solve the internal problems of the United States, all he has to do is constantly publicize the threat of China to divert the internal problems of the United States.
davelawder Trump is a coward. He’s afraid of China. He barks like a chihuahua, but acts like a sloth. It’s time that Chinese communists take over America’s place on the world stage.
davelawder Profit is the most important!
davelawder Nonsense. China is not going to let Hong Kong go. China will use all force necessary. So protesters beware. Intelligently assess what can and cannot be done. Then acquire the wisdom to know the difference.
davelawder CCPChina's escalated repression & intervention is HongKong proves there is no more '2systems' here. Now CCP controls HK's legislative, judicial & administration systems. Foreign enterprises are taking the same / even greater risk to work in HK as in China
davelawder slow enough already
davelawder Business group?arm sales? Terrible.
davelawder The international community is urging President Donald Trump to respond to racial discrimination in the killing of a black man by a white policeman.
davelawder Biz groups with no offices in HongKong (maybe in Beijing/Shanghai) are okay with HK becoming just another Chinese city. Some biz are okay with cultural genocide as long as money laundering & labour exploitation are protected, and only 'dissidents' get jailed.
davelawder Hes a coward He does not defend democracy
davelawder Lua
davelawder reuters is trying to do business in china...so don't disturb