BEIJING: China on Wednesday (Jul 15) said it would retaliate after US President Donald Trump signed into law an Act allowing sanctions on banks ...
"No special privileges, no special economic treatment and no export of sensitive technologies," he said.
The security law punishes what Beijing broadly defines as subversion, secession, terrorism and collusion with foreign forces with up to life in prison.Analysts say that completely ending Hong Kong's special treatment could prove self-defeating for the United States. According to the State Department, 85,000 US citizens lived in Hong Kong in 2018 and more than 1,300 U.S. companies operate there, including nearly every major US financial firm.READ: Trump says he is 'not interested' in trade talks with China
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