Beijing says special trading status was recognised by all WTO members and did not depend solely on Washington. FMTNews China
BEIJING: Washington’s decision to strip Hong Kong of its special trading status violates rules of the World Trade Organization, China said Thursday.
Removing the special status would affect a bilateral extradition treaty, commercial relations and export controls between the US and the Asian financial hub. Commerce ministry spokesman Gao Feng said the special trading status given to the former British colony was recognised by all WTO members and did not depend solely on the US.
The planned national security law comes in the wake of months-long protests in Hong Kong against Beijing’s attempts to erode personal freedoms.
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