Business daily

Special trade status in jeopardy as US says Hong Kong 'is not autonomous' from China

BUSINESS DAILY
BUSINESS DAILY © FRANCE 24

The United States has declared that Hong Kong is no longer autonomous from China – a decision that could have major political and financial ramifications. Hong Kong has seen sometimes violent protests over the past year, and there have been fresh rallies against a proposed national security law being pushed by Beijing. Since 1997, the US has treated Hong Kong as a separate entity from mainland China. Billions of dollars' worth of trade could be interrupted if it loses its special trade status. Plus, Boeing confirms thousands more job cuts as the Covid-19 pandemic adds to its financial woes.