Lam did not specify what additional measures would be taken to boost economic activity.
The act requires the US State Department to certify at least annually that Hong Kong retains enough autonomy to justify favourable US trading terms, and threatens sanctions for human rights violations. The unrest has hammered retail sales which fell by their steepest on record in October as protests scared off tourists and hit spending.
China denies interfering in Hong Kong’s affairs and says it is committed to the “one country, two systems” formula enshrined at the handover and guaranteeing the territory a high degree of autonomy. Beijing blames foreign countries including the United States for inciting unrest.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New US act to 'have little impact' on HK, says businessmanHONG KONG (ANN): The United States is interfering with China&39;s internal affairs by passing the so-called Hong Kong Human Rights and Democracy Act, said Allan Zeman, local businessman and the father of Lan Kwai Fong － the world-famous entertainment district. 'the law is misnamed because it basically deals with trade issues but not the 'human rights' and 'democracy' issues that its title suggests.' the act 'was pushed forward by some very anti-China US senators, including Ted Cruz, Marco Rubio and Josh Hawley, who seized the opportunity to attack China...' 'The US will be unlikely to revoke Hong Kong's independent tariffs territory status, given that the US reaps a favourable trade balance of about US$33bil every year.'
Source: staronline - 🏆 4. / 75 Read more »
Japan agrees to buy US$146 mil island for US fighter jet drillsMilitary training site will be relocated to Mageshima island, around 30km off southwestern Japanese coast. FMTNews Japan
Source: fmtoday - 🏆 5. / 72 Read more »
US Cyber Monday sales poised to top US$9.4 billionCyber Monday sales were on course to bring in a record US$9.4 billion, according to early estimates, building on a bumper Black Friday weekend for U.S. retailers driven by earlier-than-usual promotions and free shipping.
Source: NST_Online - 🏆 17. / 53 Read more »
HK retail sales take massive hit as chaos cripple economyEconomist warns wave of store closures could happen if spending continues to be weak. FMTNews HongKong Protest store closures
Source: fmtoday - 🏆 5. / 72 Read more »
Cheaper homes, less stress: Why HK residents are making Malaysia their second home | Malay MailKUALA LUMPUR, Dec 1 — Hong Kong residents who have chosen to move to Malaysia are drawn to this country as their second home for reasons such as property prices that can be five times cheaper and a less stressful environment to live in, financial paper The Edge’s property portal EdgeProp.my has... why Hokies coming to Malaysia...well Malaysia everything are C n G......not like Hokies there plenty of suckers !! YB cliew30 take a look at this. Sabah is only 2 hours flight to Hong Kong. sabahtourism sabah HongKong
Source: malaymail - 🏆 1. / 86 Read more »
HK protests cause citizens to seek new lives in TaiwanFinancial hub residents flock to nearby democratic island amid uncertainty at home. FMTNews HongKong Protest
Source: fmtoday - 🏆 5. / 72 Read more »