Hong Kong version of National Security Law ｜ Qiu Tenghua: Hong Kong-US trade relations mutually beneficial sanctions affect non-unilateral

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Written by: Zhang Jiamin, Liang Huanmin

2020-05-29 13:52

The National People's Congress passed the "Hong Kong version of the National Security Law" yesterday (28th). Following the earlier announcement by US Secretary of State Pompeo that no longer guarantees special treatment for Hong Kong, President Trump will also hold a press conference on China. It is expected to involve sanctions against Chinese officials and enterprises.

The Secretary for Commerce and Economic Development Qiu Tenghua said today (29th) that he believes that sanctions have little impact on trade, and that the trade relationship between the United States and Hong Kong is mutually beneficial, and each decision has an impact on both parties.

Qiu Tenghua, director of the Commerce and Economic Development Bureau, said he believes the US sanctions will have little impact on trade. (Profile picture)

Regarding the US sanctions against the "Hong Kong version of the National Security Act" for two consecutive days, the Secretary for Commerce and Economic Development Qiu Tenghua said after attending the Legislative Council Finance Committee meeting that the bill implemented by the Central Committee will not affect Hong Kong and subsequent development. One country, two systems are indeed implemented, and the US accusation is untenable. He continued that the current trade relationship between the United States and Hong Kong is mutually beneficial, and each decision has an impact on both parties. It is "you have me, you have me". If you are hurt, it is not unilateral.

The U.S. side refers to "on the side of Hong Kong people" but also makes measures that harm the interests of Hong Kong

He also questioned that the United States has repeatedly pointed out that it would "stand on the side of Hong Kong people", but it also made measures that harmed the interests of Hong Kong, and it was difficult to "justify itself". He said that the future impact will not be evaluated until actual actions are taken. It also refers to the fact that Hong Kong ’s exports to the United States are not large, about 400 million yuan, and it is estimated that it has little impact on trade. As for other areas, such as professional services , Including law, finance, etc., both sides are also "mutually beneficial", even if they are influential, they are also opposites.

The National People's Congress passed the "Hong Kong version of the National Security Law." (China News Agency)

Regarding the adoption of the "Hong Kong version of the National Security Law," US President Trump stated that he will hold a press conference on issues involving China on the 29th and will make multiple decisions.

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