onger in Hong Kong as local au

Hong Kong, the HKSAR government said in a statement.Those unnecessary and unwarranted acts will harm the relations between the two sides and their common interests, the HKSAR government said, reiterating that foreign legislatures shou

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thorities, experts and busi

ld not interfere in any form in the internal affairs of the HKSAR.The passage of legislation also triggered concerns about the economic prospects of Hong Kong am▓ong economic experts in Hong Kong, who pointed out that restrictive trade measures that may be adopted could easily

Artist's interpretation of article headline

ness groups warned it would

backfire."The bill is not in line with the interests of the United States," said Francis T. Lui, professor emeritus of the Hong ▓Kong University of Science and Technology.Citing figures that the United States h▓as earned 297 billion U.S. dollars from trading with Hong Kong in th

Artist's interpretation of article headline

not help calm down the current

e▓ past decade, the largest bilateral trade surplus amongst its global trading partners, Lui said the U.S. move is not helpful in achievin▓g its goal of balanced trade.Business associations also feared U.S. companies wo▓uld fall victim to the bill as ma

Artist's interpretation of article headline

Kong Special

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ny of them have set up re▓gional headquarters and offices in Hong Kong and u▓sed the metropolis as a base to explore other a wide range of Asia-Pacific markets.The Amer▓ican Chamber of Commerce in Hong Kon

Administrative

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g has called for support for Hong Kong's special status, saying that many U.S. businesses feared that the bill, wi▓th the sections addressing export controls and sanctions, could have counter-productive consequences on

Region (HKSAR)

product 1

them.Chairman of the Hong Kong Association of China Business Wong Ping also said U.S. enterprises will lose their most important and freest base in the Asia-Pacific if Hong Kong was rescinded its st

 government on Thursday e

atus as a separate customs territory because of the bill.Wong pointed out that international economic relation is not about one side doing a favor for the other, warning that the United States might su▓ffer greater losses once China takes up strong countermeasures.Experts said while the U.S. legislation would certainly have an impact on Hong Kong's economy, it would not be a critical one. It is rather the implementation of the "one count

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ry, two systems" principle, the huge mainland market and support from the central government that serves as the strongest impetus behind Hong Kong's development.In the lates▓t move of support, the mainland and HKSAR on Thursday updated an agreement on liberalization and facilitation of trade in▓ services that lowers the mainland market access thresholds for Hong Kong enterpris▓es and professionals.Th

e revised version of the Mainland a▓nd Hong Kong Closer Economic Partnership Arrangemen▓t Agreement, effective in June 2020, introduces new liberalization measures in a number of import▓ant services sectors such as financial services, legal services, television and tourism services.Please scan the QR Code to follow us on InstagramPlease scan the QR Code to follow us on WechatSenior Hong Kong officials warned on Wednesday that rioters will never achieve

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