limited access to the US Hong Kong sensitive technology in the field of security law

The most difficult to manage Trump to export sensitive US technology in Hong Kong, China intensifies pressure on Beijing as lawmakers prepared to provide a national security law that limits the autonomy of the former British colony. The US Commerce Secretary Wilbur Ross said in a statement on Monday that the security legislation that China approves top legislature Tuesday expressed concern over the transfer of key technologies. The Commerce Department said it was suspending regulations allow special treatment in Hong Kong of things, including exceptions export permit. “With the introduction of new security measures Chinese Communist Party on Hong Kong, the risk that sensitive technology the United States has risen to be forwarded People’s Liberation Army and the Ministry of State Security, all while on the territory of autonomy to undermine, “said Ross, a bit ‘by providing details of the specific effects. “Eliminating inequality Additional measures will also be evaluated.” The exports of sensitive technologies in Hong Kong have so far been treated by different in China, where the exporters to submit special requests for authorizations. This policy was introduced after China agreed Hong Kong “a high degree of autonomy” to obtain – including civil liberties, free market and independent courts – for at least 50 years after the shooting sovereignty over the city in 1997. The President Donald Trump said after the national congress of the people initially approved the development of safety legislation last month that the US would begin exemptions for Hong Kong, including export controls on dual use the policy removal process technologies. Monday’s announcement is likely a long application process for businesses. Hong Kong Carrie Lam administrator has US concerns that such sensitive items could make it to the mainland, he said the city has “a strict trade control mechanism.” She told reporters at a weekly press conference that the move would have a “minimal” impact. “The sanctions does not scare us,” said Lam. “We are well prepared and I believe that China will take countermeasures, if necessary.” Hong Kong stocks were gradually or exchange jokes and China’s passing of the National Security Law is concerned, with dealers waiting for details on the content of the legislation. The benchmark Hang Seng Index rose as much as 1.2% before profits fragments. The US move was the latest relations with China continue to Hong Kong and other fronts deteriorate over. The president has tried to blame the country for the spread of the crown, part of his re-election has intensified efforts against the presumptive Democratic candidate Joe Biden, who is also his criticism of China. Both nations warships and warplanes continue to disputed South China Sea and the Taiwan Strait to follow the other. “There is no way to imply an immediate negative impact on the business forecasts”, Anna Ashton, a senior director of government affairs at the US-China Business Council, told Bloomberg Television. “We are in the midst of a strategic rethinking of the relationship between the US and China. And it is very difficult to know right now exactly what the” Last week, Secretary of State Michael Pompey means to the business side of the relationship. Restrictions on visas for Chinese officials announced unspecified actions in Hong Kong involved a risk of drawing retaliation from Beijing. Pompeo said Monday that the material for the defense of the United States would also sell to Hong Kong, a symbolic act in great part to stop that are primarily sales with city police and corrections impact forces. Trump delivered last Friday observations, even if they have hard, does not threaten specific sanctions for the Beijing government. While the threat posed by the special trade status of Hong Kong, the United States ending a historic wave of unrest loomed above shook the city for much of last year, it seems to have done little to change the policy President Xi Jinping to the city . Beijing has shown an increasing willingness to push against foreign pressure to grow as more radical his critics in Hong Kong and mainland China citizens required measures to protect the surface from external influences. Stop Meddling ” separatists intends to Hong Kong eerie cry, how to exercise and how anti-Chinese external forces to test the pressure, but neither of them will stop to promote the legislation of China decisive action, “said the spokesman of the Chinese Foreign Ministry Zhao Lijian at a press conference on Monday in Beijing. “interference in the affairs of Hong Kong and China’s internal affairs in any way urge the US side to understand the situation and stop immediately.” Hong Kong is a lot less on China’s resources once, with 12% of exports go to the country or through Hong Kong last year, compared with 45% in 1992. it is still the order of the preferential treatment Hong Kong – it helps makes an important basis for international banks and trading houses – was another blow to the local economy deal, which has been followed since the crown for months cocoons outbreak of protests. US interests could It is damaged in the battle, though. largest trade surplus of US world in 2018 was with Hong Kong – $31.1 billion dollars. Some 290 US companies had regional offices in the city this year, and another 434 had regional offices. “This will impact on trade is not much,” said Iris Pang, chief economist for Greater China at ING Bank NV. “Re-export the primary function of the doors. This will continue if the United States decides to export to China.” -With the help of Ben Livesey, Nick Wadhams, Jing Li, Bill Faries, Eric Lam and Karen Leigh.
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