Hong Kong

Hong Kong lawmakers are considering a bill that would allow extradition of residents to mainland China.
Passing the law could lead to the US revoking Hong Kong’s special commercial status, potentially exposing it to tariffs on Chinese goods.
It could also lead foreign companies to flee Hong Kong rather than risk ending up in China’s legal system.
However, America may hesitate to clamp down on trade with Hong Kong, as it ran a surplus of nearly $34 billion with the territory in 2018.
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Hong Kong lawmakers are considering a bill that would allow extradition of residents to mainland China. Passing the law could lead to the US revoking the territory’s special commercial status, potentially exposing it to tariffs.

Crowds of protesters gathered to oppose the legislation this week, fearing it would open the door to political opponents, journalists, and others being slapped with bogus charges, carted off to face justice in the Chinese legal system, and being forced to hand over private information and corporate secrets.

The US treats Hong Kong as a “non-sovereign entity distinct from China” under its “One Country, Two Systems” framework, according to the State Department. The agency has expressed “grave concern” about …read more


Source:: Businessinsider – Politics

      

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