Name: U.S. announces end of Hong Kong's special status
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U.S. announces end of Hong Kong's special status

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Speed Readstensions risingThe United States has revoked Hong Kong's special trading status, Commerce Secretary Wilbur Ross announced in a statement Monday.The decision comes as Beijing prepares to pass a national security that many fear will severely curtail Hong Kong's autonomy and has prompted the U.S. to, among other things, place visa restrictions on some members of the Chinese Communist Party and to Hong Kong. In his statement, Ross said the new security measures will increase the risk "that sensitive U.S. technology will be diverted" to the Chinese army and government. Subsequently, he said, the U.S. can no longer exempt Hong Kong from trade restrictions placed on China.LATEST: U.S. Commerce Secretary Wilbur Ross says in a statement that Hong Kong's special status is revoked— Bloomberg QuickTake (@QuickTake) The end of Hong Kong's special status became a real possibility once the security law came into play, since its implementation will likely render "one country, two systems" nothing more than a slogan, and the U.S. had already it no longer considers the city autonomous from Beijing. The move will likely place Hong Kong's role as a leading global financial hub .

Speed Readstensions risingThe United States has revoked Hong Kong's special trading status, Commerce Secretary Wilbur Ross announced in a statement Monday.The decision comes as Beijing prepares to pass a national security that many fear will severely curtail Hong Kong's autonomy and has prompted the U.S. to, among other things, place visa restrictions on some members of the Chinese Communist Party and to Hong Kong. In his statement, Ross said the new security measures will increase the risk "that sensitive U.S. technology will be diverted" to the Chinese army and government. Subsequently,...

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Tim O'Donnell

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The Week is a weekly news magazine with editions in the United Kingdom and United States. The British publication was founded in 1995 and the American edition started in 2001; an Australian edition was published between 2008 and 2012. A children's edition, The Week Junior, has been published in the UK since 2015.

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U.S. announces end of Hong Kong's special status

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