The special status granted by the US to Hong Kong turned the city into a world-class financial centre.
Those liberties included a free market economy, an independent judiciary, free speech and a local legislature. Reciprocal visa-free travel deals, a currency pegged to the dollar, the world’s fourth-largest stock exchange as well as friendly laws, taxes and legal protections all helped grease the wheels of business.
“He can alter Hong Kong’s tariff treatment to make it the same as China’s, or he could alter its treatment under export control laws to make it harder to export high tech … or he could do both,” he told AFP.“I expect him to take some major steps that would show China he is serious, but not to change every US law that applies to Hong Kong,” he said.
One of the provisions in that bill was for the State Department to certify each year whether Hong Kong maintains enough autonomy from China to justify its special trade status.
US is the busy body who thinks that they can bully everyone to bend to their will. Too bad! It is now obvious, US fears China and even more US fears it own disability to further compete and the very likely near future to play second fiddle in the world's economy. Good bye USA!
China is a bully !
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