December 6, 2019 8:45 AMWASHINGTON: China reacted angrily to President Donald Trump’s approval of legislation supporting Hong Kong protesters last month, but movement on another congressional bill, backing Uighur Muslims in China’s northwest, has cut even closer to the bone and could trigger reprisals and hurt efforts to resolve the US-China trade war.
But its commercial stipulations have even more practical power to hurt the interests of Chinese leaders, sources say. Victor Shih, an associate professor of China and Pacific Relations at the University of California, San Diego, said mass surveillance was big business in China and a number of tech companies there could be hurt by the law if it passes.
Shih said investors in such firms included family members of China’s political elite, who could suffer financially if the bill became law.Shih said the bill would affect the ability of Chinese companies to procure technology from the United States and this would adversely affect their product development. He said it could also affect their ability to list on US markets.
The White House has yet to say whether Trump would sign or veto the bill, which contains a provision allowing the president to waive sanctions if he determines it to be in the national interest.
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