U.S. business groups say Biden’s warnings to workers about the dangers of working in Hong Kong have made life very difficult for them as they boldly march against China.
Referring to the enactment of a strong national security law in China last year, the US “Business Advice” On Friday he warned of intense trade coverage and the threat of freedom of information from the destruction of Hong Kong on issues that were previously free.
But traders in the city say they are already aware of the dangers, and have complained that the technology has made it difficult for them to reassure their offices of the ongoing benefits in the area.
“The statement is that business people do not want Foggy Bottom to tell them that there are risks or solutions,” said a person close to the US, referring to the U.S. Department of State.
The American Chamber of Commerce issued a document shortly after the proposal was published confirming the profits of its members.
“This adds to the difficulties of being an American businessman in Hong Kong,” Tara Joseph, President of the American Chamber of Commerce, added.
“Perhaps it was a matter of concern as to why it is being placed in this way, leaving people wondering if Hong Kong is at high risk of resolving the crisis in US-China while Hong Kong still has special conditions.”
Since the enactment of the National Security Law last year, prisons are overcrowded, people seen as unscrupulous in China have been intimidated by the government and government officials, journalists and education have been shifted to get closer to China.
But the change has not led to the release of banks and foreign companies, which are keen to take advantage of the Chinese epidemic and the promise of economic liberation on the mainland.
Anti-government protester holds bucket of tear gas at protests in Hong Kong, October 2019 © Tyrone Siu / Reuters
A U.S. businessman in Hong Kong said that although many were “frightened” by police carrying pro-democracy activists in unidentified vans, they did not see them as important in their trade. “More than 90% of the Fortune 500 is represented in Hong Kong and is not going anywhere, China still represents the strongest market in the world,” a US banker in Hong Kong added.
Joseph said there are many reasons why a business wants to stay in Hong Kong. “[Hong Kong is] it maintains taxes, and is a global institution and there is a reason for corporate law enforcement agencies to be here. ”
U.S. officials, however, say China “cannot be a two-way street” and insist that politics could affect businesses. Biden offered the advice perhaps because he felt companies were not taking advantage of the ever-increasing risk, he told the Financial Times.
“Establishing a land-based system is not compatible” and is a global source of income, says a US official.
Businesses in Hong Kong have tried to adapt to new security measures. It will train staff on how to respond to government officials when they call offices and apply for documents without a court order. For those who are not comfortable with storing data in the city, others have moved their servers upstream.
The Hong Kong government is following a series of laws that have caused some problems. It decided on Friday to adhere to strict anti-tech laws, whose policies affect US intelligence companies such as Google and Facebook. According to the law, employees without discrimination, employees could be arrested for failing to remove items posted online under the direction of the city’s Secret Commissioner.
Although the US moved, there is no sign of change from China, or the Hong Kong government. “The speeches and actions of foreign trade leaders make it clear that business in Hong Kong will not be disrupted by the aftermath of a job crisis. [security law]. On the contrary, it has been very good, “said Edward Yau, the city’s trade secretary.
The Chinese flag has been hoisted in the light of the 100th anniversary of the Chinese Community Party and the commemoration of the return of Hong Kong to China at Tamar Park in Hong Kong on July 1. © Chan Long Hei / Bloomberg
Critics are skeptical of how U.S. intelligence can be achieved other than how it can be politically motivated. There is no new role for US businesses, although the United States tolerated seven Chinese officials in Hong Kong, which Chinese journalists said has exposed the US as a “paper tiger”.
Kurt Tong, a former US ambassador to Hong Kong, said: “The US government is finding that there are few ways to punish China for its non-compliant promises to Hong Kong without seriously harming US interests and those who have been in Hong Kong for a long time.”
The Chinese government is trying to reverse the ban, which could lead to a change in US business in Hong Kong.
Beijing’s recently enacted legislation allows for the imposition of sanctions on anyone who would help foreign countries to force Chinese companies and officials. The US says the law did not provide employment opportunities in Hong Kong.
The imposition of a ban on the city could force businesses to split their Chinese-Hong Kong business with their international business, Douglas Arner, a law professor and law professor at the University of Hong Kong.
But Christine Savage, a spy specialist and partner at King & Spalding, warned that there was no guarantee that this would protect companies from being punished in Beijing.
“There is a worry that retaliation could be made [because] “National Security Act has a language barrier that says you can be held accountable in China for your actions outside of China,” he said.
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