[ad_1]
Officials in Biden on Friday warned U.S. companies that they are facing an increasingly serious threat to Hong Kong, as the Chinese government is increasingly on economic rights.
The US has provided “business advice” on threats from China to the possibility of accessing server-based companies in Hong Kong to a new Chinese law that imposes sanctions on individuals or organizations that help foreign countries make decisions against Chinese companies and officials.
US President Joe Biden is also expected to impose sanctions on several Chinese officials in Hong Kong. Moving, that was first reported by the Financial Times, and recent efforts to restore order in China amid growing opposition to democracy in the former British colony.
It will also be the first time that US regulators have provided business advice in connection with Hong Kong.
Sino-US relations have continued to follow the first high-level meeting among the Alaskan states, which were publicly disrupted.
Beijing since then mocks US refusing to give Wendy Sherman, Deputy Secretary of State to the United States, a chance to meet with a colleague at a conference in Tianjin at the end of July. China instead offered a meeting with the fifth foreign minister, which was rejected by Biden officials. U.S. officials are confident that a meeting could be held if China changes course and provides the right partner.
But a combination of business advice and penalties may disrupt the discussion. China was outraged in March when the US imposed sanctions on Chinese officials shortly before the summit in Alaska, the first and only international summit since Biden took office.
Biden has taken a stronger line in China than many experts expect. He condemns China for its brutality military incidents near Taiwan, a lack of freedom in Hong Kong, its coercive global economic system and the alleged killing of Uyghurs in Xinjiang.
The deterioration of relations has raised concerns in business, with Biden expecting more opportunities to move to Beijing than his predecessor, Donald Trump.
The prospect of a business venture has not been well received by US agencies in Hong Kong, and concerns that it could lead to problems for American companies operating in the city.
“The U.S. business in Hong Kong wants to be involved in negotiations and to prevent mudslides,” said a US diplomat.
Many Hong Kong-based countries with offices in China, where such secrecy and security rules are complex and ambiguous, say they understand the dangers even though Hong Kong is closely connected to the mainland.
“This is working for politics in Washington [companies] “We will wait for this to happen through the process and then we can all try to forget about it,” he said.
Follow me on Twitter: Demetri Sevastopulo
[ad_2]
Source link
