US Starts Sanctioning Hong Kong
US Administration began imposition of sanctions on Hong Kong after Chinese Communist Party broke the One Country, Two Systems Agreement.
Today, I reported to Congress that Hong Kong is no longer autonomous from China, given facts on the ground, tweeted Secretary Mike Pompeo on Wednesday morning.
The negative assessment of the Hong Kong situation comes several hours after US President Donald Trump warned that Hong Kong could lose its status as a global financial centre if a proposed Chinese crackdown goes ahead. It is "hard to see how Hong Kong can remain a financial hub if China takes over," White House press secretary Kayleigh McEnany told during the briefing at the White House, emphasising this warning came directly from Trump.
The new national law will turn HK into Chinese city
The day before one of the Hong Kong pro-democracy leaders Mr Joshua Wong explained that Communist China is planning to impose a new version of the national security law which provoked multimillion demonstrations of the inhabitants last year. "China keeps dismissing all doubts from world leaders, business sectors and even bar associations," stated Mr Wong. According to the former leader of the wave of pro-democracy protests "Umbrella Revolution", who was later unjustly imprisoned, the new law will transform Hong Kong into another city of Communist China.
Under the still-existent legal system, Communist China promised to preserved conditions such as respect for human rights, independent judiciary and relax business regulations that were foundational for the city autonomous status. The new law invented by the Mainland Communists cancels all of these privileges allowing Beijing secret police to operate in Hong Kong, and imposes the notion of the national security understood in the Beijing terms. Mr Wong warned that the law is the first step for future occupation of Hong Kong by Beijing and called upon local and international business circles to oppose it.
Chinese Communist Party will lose billions of dollars
The US law which appears to be already being put in motion requires the president to impose sanctions on foreigners who undermine "fundamental freedoms and autonomy in Hong Kong."
"Hong Kong and its dynamic, enterprising, and free people have flourished for decades as a bastion of liberty, and this decision gives me no pleasure. But sound policy making requires a recognition of reality," Mr Pompeo stated. "While the United States once hoped that free and prosperous Hong Kong would provide a model for authoritarian China, it is now clear that China is modeling Hong Kong after itself."
Communist China will suffer a great lose if US will strip the city of its special status. Trade in goods and services between the U.S. and Hong Kong totaled more than $66 billion in 2018, according to the Office of the U.S. Trade Representative. According to the various public statements of the officials of US Administrations at least 530 families of Chinese Communist Party has their assets parked in the city.
"China is pariah state"
Influential senators who have an impact on the US policy against Communist China appreciated the decision of President Trump.
Senator Marco Rubio, who is chair of prominent Congressional-Executive Commission on China and co-author of the Hong-Kong Democracy Act which obliges US State Department to review the status of the city, stated that "Chinese Communist Party walked back its commitment to One Country, Two Systems" agreement.
I applaud US President for taking the necessary steps under my Hong Kong Human Rights and Democracy Act. And not allowing Beijing to profit from breaking the Sino-British Joint Declaration, stated Mr Rubio.
Another Republican Senator, who has been defender of human rights in Hong Kong and Communist China, Mr Tom Cotton called China "a pariah state".
China is a pariah state. The CCP will not be allowed to profit from Hong Kong even as it destroys that great city’s freedoms, emphasised US senator.
Chinese Communist Party has been responsible for the escalation of the protests, and brutal attacks of Hong Kong police against young and old dissent who are protesting in defence of their freedoms. Beijing accepted the obligation to preserve the autonomy in Hong Kong, but the recent events are evidence of the breach of the agreement. The western world cannot tolerate violations of treaties between states, which are the foundation of the world order.