Hong Kong opposition leader expects U.S. to sanction Chinese businesses over security law despite Beijing's threats of retaliation

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'According to my understanding, the student visa or travel permit of HK citizens will not be affected,' Hong Kong opposition leader Joshua Wong told Newsweek. 'Also, the sanction will target red-capital related to dual-used tech that serves the interest of Beijing.'

The United States is expected to sanction Chinese businesses in Hong Kong after Beijing cracked down on separatism in the city, opposition leader Joshua Wong said, despite China's threats to take action against any country that interfered with its new national security legislation.Thursday, Wong, secretary-general of the pro-democracy Demosistō party, said that he expected the U.S.

Washington had threatened to revoke Hong Kong's longstanding special trade status with U.S. companies if Beijing limited the self-rule of the city that has been in place since the United Kingdom handed it over more than 20 years ago. On Thursday, the National People's Congress passed new national security legislation that expanded China's ability to crack down on pro-independence currents in Hong Kong.

A screen shows the live broadcast of the vote on a proposal to draft a security law on Hong Kong during the closing session of the National People's Congress, at Tsim Sha Tsui district on May 28 in Hong Kong, China.

 

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As a consumer, the US has a stronger hand. China is a communist market system. That doesn’t mix well with capitalism. Monopolies are a bad thing. Nature will take its course. Either China wins or Hong Kong will. It was inevitable.

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