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<blockquote data-quote="S87" data-source="post: 29753" data-attributes="member: 453"><p>I think that this would seriously undermine Hong Kong trade hub status. Basically, the US claims that China is modelling Hong Kong after itself. This means that, by considering Hong Kong as part of China, the US can treat HK the same as China for trade and other purposes, so additional wider sanctions. However, you need to be careful when you think that this is going to hurt HK only. In fact, China uses HK as more western trade hub because of the strict Chinese laws.So USA's decision aims to close "de facto" a key market for the Chinese economy. Mike Pompeo's move kicks China right where it hurts the most..its economic power i.e. money.</p><p></p><p>Sad times guys for all of us</p></blockquote><p></p>
[QUOTE="S87, post: 29753, member: 453"] I think that this would seriously undermine Hong Kong trade hub status. Basically, the US claims that China is modelling Hong Kong after itself. This means that, by considering Hong Kong as part of China, the US can treat HK the same as China for trade and other purposes, so additional wider sanctions. However, you need to be careful when you think that this is going to hurt HK only. In fact, China uses HK as more western trade hub because of the strict Chinese laws.So USA's decision aims to close "de facto" a key market for the Chinese economy. Mike Pompeo's move kicks China right where it hurts the most..its economic power i.e. money. Sad times guys for all of us [/QUOTE]
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