Beijing says new Hong Kong laws won't harm investors, urges countries to stop 'meddling'

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China's proposed national security laws for Hong Kong has sent chills through the business and diplomatic communities, spooked financial markets and escalated geopolitical tensions.

HONG KONG/BEIJING - China's foreign ministry branch in Hong Kong dismissed concerns that its proposed national security laws for the city would harm foreign investors, hitting back at"meddling" countries as Beijing's ties with Washington soured further.

Hong Kong is caught in the cross-hairs of a Beijing-Washington conflict developing on many fronts. After trade disputes and reciprocal accusations over the source and handling of the coronavirus pandemic, Washington on Friday accused the Chinese government of making it impossible for U.S. airlines to resume service to China.

A spokesperson of the Office of the Commissioner of the Ministry of Foreign Affairs of China in Hong Kong said in a statement the city's high degree of autonomy"will remain unchanged, and the interests of foreign investors in the city will continue to be protected under the law". "No matter how venomously you smear, provoke, coerce or blackmail us, the Chinese people will remain rock-firm in safeguarding national sovereignty and security," it said.

Despite reassurances from Beijing and Hong Kong authorities, many Hong Kongers fret over losing rights. Over the past 24 hours, Hong Kong's pro-Beijing politicians have also responded to concerns that the national security legislation could reduce freedoms.

 

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