Carrie Lam threatened to retaliate against US Hong Kong law 3
`The Act creates an unstable and uncertain environment. The current impact is on business confidence because companies will be worried about what actions the US government may take in the future after they see
Mrs. Lam said that this law was `completely unnecessary` and warned that Hong Kong would follow Beijing in taking retaliatory measures against the US, but did not specify what the measures were.
US President Donald Trump on November 27 signed into law the Hong Kong Human Rights and Democracy Act presented to Congress.
Hong Kong Chief Executive Carrie Lam at today’s press conference.
Hong Kong already enjoys special status, which allows it to purchase sensitive technology, while ensuring free exchange between US dollars and Hong Kong dollars, as well as allowing the city to negotiate trade agreements and
The US President also signed a law banning the sale of tear gas, rubber bullets and other equipment used by Hong Kong police forces to deal with protesters.
China’s Ministry of Foreign Affairs previously issued a statement calling Trump’s passage of the law an `abhorrent act, containing sinister intentions`, and warned that there would be drastic retaliation and that the US side would bear all consequences.
China on December 2 announced its decision to suspend consideration of applications for US warships to come to Hong Kong for rest and recovery as currently, and will impose sanctions on non-governmental organizations based in the US.
The US passed the law on Hong Kong in the context of the special zone witnessing protests since early June to protest an extradition bill that would allow suspects to be sent to jurisdictions where the special zone has not signed an extradition treaty.
Ms. Lam today said that the city government will launch a fourth economic stimulus package in the short term to cope with the recession caused by protests.
