World The U.S. will warn companies about Hong Kong's 'deteriorating' situation, Biden says
Tech giants threaten to leave Hong Kong over proposed anti-doxxing law
Hong Kong defended its proposal, saying doxxing has "tested the limits of morality and the law."Doxxing has been a major problem for Hong Kong since mid-2019, around the same time protests kicked off against proposed changes to local extradition laws. In a statement on Monday, the government said that the massive increase in doxxing "has tested the limits of morality and the law.
- U.S. President Joe Biden said his administration will issue an advisory to warn American companies about the risks of doing business in Hong Kong.
- "The situation in Hong Kong is deteriorating. And the Chinese government is not keeping its commitment that it made how it would deal ... with Hong Kong," Biden said Thursday.
- Multiple news outlets reported that the advisory will be issued on Friday.
U.S. President Joe Biden said his administration will issue an advisory to warn American companies about the risks of doing business in Hong Kong as China tightens its hold on the semi-autonomous region.
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"The situation in Hong Kong is deteriorating. And the Chinese government is not keeping its commitment that it made how it would deal ... with Hong Kong," Biden said at a Thursday news conference with visiting German Chancellor Angela Merkel.
"And so it is more of an advisory as to what may happen in ... Hong Kong. It's as simple as that and as complicated as that," he added, according to
Several news outlets reported that the. The business advisory could come alongside for cracking down on democracy in Hong Kong, reported Reuters, citing unnamed sources.
Hong Kong, a major business hub in Asia, has become a contentious issue in the U.S.-China relationship which has been shaky since a dispute over trade tariffs, competition on technology and the origin of the Covid-19 pandemic.
Biden says Hong Kong is 'deteriorating,' and the administration is set to release an advisory for US businesses on the situation
"The Chinese government is not keeping its commitment that it made, how it would deal with Hong Kong," President Biden said on Thursday."Let me talk about the business advisory," Biden said. "The situation in Hong Kong is deteriorating. And the Chinese government is not keeping its commitment that it made, how it would deal with Hong Kong.
The city is a former British colony that returned to Chinese rule in 1997. It is governed under a "one country, two systems" framework that.
Concerns about national security law
— and other countries including — criticized China for undermining Hong Kong's autonomy.
Beijing has enacted ain Hong Kong and . Critics say those changes curtail personal freedoms and hold back pro-democracy politicians.
U.S. State Department spokesmanthat the national security law "continues to undermine" the rule of law in Hong Kong that a healthy business community relies on.
"As a general matter, we seek to ensure that businesses can operate in a stable, predictable, and fair regulatory environments around the world," Price said at a press briefing when asked about the business advisory on Hong Kong.
Washington is warning American firms about doing business in Hong Kong
The US government is preparing to warn American companies about the risks of doing business in Hong Kong. © Susan Walsh/AP President Joe Biden speaks during a news conference with German Chancellor Angela Merkel in the East Room of the White House in Washington, Thursday, July 15, 2021. (AP Photo/Susan Walsh) US President Joe Biden on Thursday confirmed reports in various media outlets this week that his administration plans to soon issue an advisory to companies that will caution them of a "deteriorating" situation in the Chinese territory.
"And rule of law risks that were formerly limited to mainland China are now increasingly a concern in Hong Kong. That's of great concern to us. It is of great concern to the American business community. It's of great concern to the international business community," he added.
Implementation of the national security law last year followedin the city that sometimes turned violent. and often said "external forces" were behind the Hong Kong protests.
at prohibiting secession, subversion of state power, terrorism activities and foreign interference.
More than 100 people werewithin the first year of its implementation — many of them democratic politicians, activists, journalists and students, Reuters reported last month. Hong Kong pro-democracy newspaper after authorities froze the company's assets under the law, leaving it with little resources to sustain operations.
Hong Kong: Seven men sentenced for the acting of activists Pro-Democracy in 2019 .
© AFP - Isaac Lawrence Proponents of the accused hold signs before the District Court of Wanchai in Hong Kong on July 22, 2021. Seven Supporters of the Hong Kong executive who had participated in the violent aggression of pro-democracy activists in a subway station in 2019 were sentenced on Thursdays from three years and nine months to seven years in prison. Only a handful of aggressors have been identified.