Hong Kong’s status as a financial and trading hub could be jeopardized by the U.S.’s revocation of the city’s status as a largely autonomous Chinese territory. Here’s how.
The U.S. decision to rescind Hong Kong’s status as a largely autonomous Chinese territory opens the way for a range of punitive measures from Washington that may damage Hong Kong’s status as a trading and finance hub.
At stake for Hong Kong is a sizable trading partnership and access to some of America’s key technology exports, including sensitive ones such as telescopic lenses for guns, satellites and computer chips.
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