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The U.S. issues a risk warning to U.S. companies doing business in Hong Kong soon

2021-07-15T22:07:18.124Z


US President Joe Biden met with visiting German Chancellor Angela Merkel on July 15. The two sides discussed China, Russia and other issues. Among them, Biden mentioned that the situation in Hong Kong is deteriorating


US President Joe Biden met with visiting German Chancellor Angela Merkel on July 15. The two sides discussed China, Russia and other issues.

Among them, Biden mentioned that the situation in Hong Kong is deteriorating.


Biden and Merkel held a joint press conference after their meeting. When a reporter asked why Washington was preparing to issue an operational risk warning to US companies doing business in Hong Kong, Biden pointed out that the situation in Hong Kong was deteriorating and that the Chinese government had failed to comply. Hong Kong's commitment.

Bloomberg and Reuters quoted people familiar with the Financial Times as saying that Biden issued a warning to US companies that as China strengthens its control over Hong Kong, the financial center, the risks of US companies doing business in Hong Kong are increasing.

According to sources, these threats include the Chinese government's ability to obtain data stored by foreign companies in Hong Kong, and China's latest Anti-Foreign Sanctions Law.

Merkel also talked about the relationship with China, saying that both Germany and the United States have a consensus and agree that China is everyone's competitor, but believes that trade with China requires a fair environment.

She pointed out that in the relationship with China, security issues are more important, and how Berlin responds to China will depend on the common values ​​with the United States.

The US State Department accuses the SAR government of undermining the rule of law in Hong Kong and will continue to hold accountability. It is reported that the Biden government will issue a warning to US companies doing business in Hong Kong. Sanctions against China on the Hong Kong issue continued to be implemented for one year during the general period

Source: hk1

All news articles on 2021-07-15

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