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Biden administration warns US companies about business risks in Hong Kong – News


Video Supply: YouTube, Al Jazeera

July 13 (Reuters)-The US authorities warned corporations this week that the danger of doing enterprise in Hong Kong would enhance, updating a warning beforehand issued within the Xinjiang Uighur Autonomous Area, the Monetary Occasions reported on Tuesday.

In response to the report, US corporations are dealing with threats such because the Chinese language authorities’s capacity to entry knowledge saved in Hong Kong by overseas corporations.

In response to the FT, this danger additionally features a new regulation permitting Beijing to impose sanctions on people or teams concerned in implementing or implementing discriminatory measures in opposition to Chinese language residents or teams.

The FT stated on Tuesday that it could replace the warning issued by former President Donald Trump’s administration within the Xinjiang Uighur Autonomous Area final 12 months, highlighting the authorized dangers corporations face until they affirm that the availability chain is just not concerned in compelled labor. Added. In Xinjiang Uygur Autonomous Area.

Zhao Lijian, a spokesman for the Chinese language Ministry of Overseas Affairs, stated at a press convention in Beijing on Tuesday that the warning was “typical political manipulation and double requirements” by Washington.

He stated overseas traders’ rights to Hong Kong are clearly protected by Hong Kong regulation, together with the Fundamental Regulation, its mini-constitution.

The FT report additionally stated america will impose extra sanctions this week in response to China’s crackdown on allegations of democratization in Hong Kong and human rights abuses within the Xinjiang Uygur Autonomous Area.

China dismissed prices of slaughter and compelled labor in Xinjiang Uighur Autonomous Area and tried to assault separatists and religions that aroused tensions between predominantly Muslim Uighurs and China’s largest ethnic group, Han. He stated the coverage was wanted to eradicate the militants.

Report by Radhika Anilkumar and Shubham Kalia in Bangalore. Extra report by Yew Lun Tian in Beijing. Edited by Louise Heavens.

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Supply: Reuters, Al Jazeera English



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