China warns UK of economic damage unless it backs down on Hong Kong - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The UK faces "substantial damage" to its economy if it does not back down to Beijing in a row over Hong Kong, a Chinese state-run newspaper has warned.

"British Prime Minister Boris Johnson's government may sincerely believe they are battling for their values as they confront China over the national security law for the Hong Kong Special Administrative Region, when in fact they are complicating a much-needed deal, threatening to inflict substantial damage on their own economy," the editorial stated.

"One more thing British politicians may be mistaken about is which country needs the free trade agreement more,' read the piece, which did not credit an author in its English-language version.

The next biggest crisis to the ruling elites of Hong Kong and China will be the cancellation of the linked exchange rate system. Once abolished, everything in HK has to be re-evaluated in monetary terms.

clusterstock Was this message sent to Boris in a fortune cookie?

clusterstock No more Dim Sum for Boris?

They are bold enough to take on the rest of the world now. It's time to actually BoycottChina

Hyprocrcy of this whole CCP muscle move on Hong Kong is every single international company stationed in China is quiet. From Apple to tire manufactures, nothing. Then again, why would they move back to the US with its race war going on?

A word is enough for the wise, learn from America, China can crash any economy.

Of course he will. It was only ever a feel good PR stunt to look tuff on China & get the news cycle to break focus, break momentum & stop focusing on Dominic Cummings

BREXIT is changing narratives of UK's foreign policy.

Threats and intimidation. China's new diplomacy.

Golden chariot welcome was given to President Xi during his visit to UK. Hongkong should not be a spoiler of goodwill.

This is a true business approach to solving the problem.

President Xi is exactly like Trump..

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Look inside a modern Colorado ranch home made of shipping containers - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. That is so nice!
Source: BusinessInsider - 🏆 729. / 51 Read more »

Most U.S. Firms in Hong Kong Say China’s Security Law Will Hurt BusinessThe vast majority of U.S. firms in Hong Kong are worried about China’s new national-security laws for the city, according to a new survey that highlights rising concerns among executives in the global financial hub. Look at HSBC. Now they needs CCP’s consent to do business right now. Forget about free market and make some RMB. Nobody gives sht, they are worried about a fckg pandemic, how to feed their family, pay the rent, what to do with the kids, what to do with granny in the nursing home and people dying at the hands of racist cops. Deal with it! Pull out!
Source: WSJ - 🏆 98. / 63 Read more »