According to Biden President Joe Biden said his administration is warning American companies of the risks of doing business in Hong Kong as China tightens its grip on the semi-autonomous region.
“The situation in Hong Kong is deteriorating. The Chinese government is not keeping its promise on how to deal with Hong Kong, “Biden said at a news conference with German Chancellor Angela Merkel on Thursday.
“So this is a consultative question about what can happen in Hong Kong. It is so simple and more complex,” he added according to the text of his remarks in the White House.
According to Biden Several news outlets reported that the counselor will be granted on Friday. Reuters quoted an unnamed source as saying that in addition to the sanctions imposed by the U.S. on seven Chinese officials over the governance of democracy in Hong Kong, business could be advised.
The situation in Hong Kong is deteriorating. The Chinese government is not keeping its promise on how to deal with Hong Kong.
President Joe Biden
Hong Kong, a major business hub in Asia, has been the subject of controversy in U.S.-China relations, shaken by disputes over trade tariffs, technology competition and the rise of the Kovid-1p epidemic.
The city is a former British colony that returned to Chinese rule in 1997. It operates within a “one country, two systems” framework that promises Hong Kong “greater autonomy”.
Concerns about national security law
The United States and other countries, including the United Kingdom, have criticized China for undermining Hong Kong’s autonomy.
Beijing has passed a controversial national security law in Hong Kong and changed the region’s electoral system. Critics say the changes have reduced personal freedoms and left pro-democracy politicians behind.
U.S. State Department spokesman Ned Price said Tuesday that a healthy business community in Hong Kong relies on a “regular weakening” of national security laws.