US taking softer approach on HK policy than feared, says China report
BEIJING - Chinese business media is reporting that US reaction to proposed new security laws for Hong Kong does not strike at Beijing to the degree that some had feared earlier, such as unravelling Phase One of the US/China trade deal.
Caixin says Trump's long-touted response to China for its "new Hong Kong security resolution" included a barrage of criticism, but stopped short of fully escalating tensions between the two nations.
Caixin reported that US President Donald Trump had announced last Friday that the US would begin the process of stripping some of Hong Kong's privileged trade status, "without detailing how quickly any changes would take effect and how many exemptions would apply".
"Both moves are tangential to China's policy on Hong Kong, Caixin said.