Removing the special status would affect a bilateral extradition treaty, commercial relations and export controls between the US and the Asian financial hub.
The move adds to growing friction between the world's two biggest economies amid the COVID-19 crisis and in the wake of a two-year trade war that has not been fully resolved. 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.
"If the United States disregards the fundamental principles of international relations and adopts unilateral measures according to its domestic laws, it will violate WTO rules and will not be in the interest of the United States," Chinese Ministry of Commerce spokesman Gao Feng said at a regular press briefing.The planned national security law comes in the wake of months-long protests in Hong Kong against Beijing's attempts to erode personal freedoms.
But critics fear it will bring political oppression to a city supposedly guaranteed freedoms and autonomy for 50 years after its 1997 handover to China by Britain."It will not harm the legitimate interests of foreign investors," he added.Source: AFP/dv
Awww bless
Have china ever follow WTO?
What goes round comes around. barley
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