China warns the UK of 'substantial damage' to its economy if refuses to back down on Hong Kong
Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The UK faces "substantial damage" to its economy if it does not back down to Beijing in a row over Hong Kong, a Chinese state-run newspaper has warned.
Boris Johnson is preparing to offer visas to millions of Hong Kong residents if China introduces new legislation in the semi-autonomous region which critics fear would remove many of its freedoms. 'Fundamentally speaking, the UK has no trump card regarding the Hong Kong affair, and it would be wrong if the Johnson government intends to play a bluffing game with China,' The Global Times warned.A Chinese state-run newspaper has warned that the UK faces "substantial damage" to its economy if Boris Johnson refuses to back down in his threat to offer refuge to millions of Hong Kong citizens.that he would have "no choice" but to offer visas to millions of Hong Kong residents if China introduces new legislation in the region, which critics fear would remove many of its freedoms., a Chinese state-controlled newspaper, said that the UK had the most to fear from any clash with China. "British Prime Minister Boris Johnson's government may sincerely believe they are battling for their values as they confront China over the national security law for the Hong Kong Special Administrative Region, when in fact they are complicating a much-needed deal, threatening to inflict substantial damage on their own economy," the editorial stated. The Global Times is a Chinese tabloid published by the People's Daily, the newspaper group owned by the ruling Communist Party of China. It has become known for its aggressive editorials which are quoted around the world as the voice of Beijing, even when official statements are more muted. The piece also raised the prospect of China blocking a free-trade deal with the UK if it did not back down. "One more thing British politicians may be mistaken about is which country needs the free trade agreement more,' read the piece, which did not credit an author in its English-language version. "The coronavirus has hit the UK hard, and it is currently suffering its worst peacetime downturn in centuries." It added: "Fundamentally speaking, the UK has no trump card regarding the Hong Kong affair, and it would be wrong if the Johnson government intends to play a bluffing game with China." Beijing last week approved new laws which would ban what it calls "subversion, treason, and foreign interference" in Hong Kong, which currently has a separate judicial and political system to mainland China. Beijing's attempts to impose itself on the former British colony has prompted significant concerns in the UK government. Johnson said this week that he was preparing to offer UK visas to millions of Hong Kong residents if China pushed ahead with the plans, warning that it would "dramatically erode" the region's autonomy.on Wednesday, the prime minister said he would offer a 12-month extendable visa to all Hong Kong citizens eligible to apply for a British national overseas passport — some 3 million people. That went significantly further than the UK government's suggestion last week that it would extend visa rights to the about 350,000 holders of the passports.that the UK should "step back from the brink" and accused Boris Johnson's administration of harbouring a "Cold War mentality."
Please follow us on Google to support us United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
3 Million Hong Kong Residents Could Be Offered U.K. Citizenship Amid China StandoffPrime Minister Boris Johnson said Britain is considering providing a route to British citizenship for nearly three million Hong Kong residents, as the U.K. escalates a standoff with China.
Read more »
HSBC and StanChart back China security law for Hong KongHSBC and Standard Chartered banks gave their backing to China's imposition of a national security law on Hong Kong on Wednesday in a break from their usual policy of political neutrality.
Read more »
Most U.S. Firms in Hong Kong Say China’s Security Law Will Hurt BusinessThe vast majority of U.S. firms in Hong Kong are worried about China’s new national-security laws for the city, according to a new survey that highlights rising concerns among executives in the global financial hub.
Read more »
HSBC, StanChart shares rise in Hong Kong after backing China security lawHong Kong-listed shares of HSBC and Standard Chartered rose on Thursday after the banks backed China's imposition of a national security law on the city, even as a pro-democracy and newly formed financial workers' union criticized the move.
Read more »
Look inside a modern Colorado ranch home made of shipping containers - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
China grows 'more assertive' in world politics as the U.S. leaves behind a vacuum, ex-diplomat saysThe coronavirus pandemic has not stopped China from its geopolitical pursuits, as Beijing advances its position on issues including the South China Sea, Taiwan and Hong Kong.
Read more »