U.S. Revokes Hong Kong’s Special Status

Published by : Bloomberg Markets and Finance
Jun.29 -- The U.S.’s move to revoke Hong Kong’s special trading status is throwing the city’s future as Asia’s top financial and business hub into even greater doubt. Commerce Secretary Wilbur Ross cites China’s sweeping security bill and the risk that sensitive U.S. technology may be diverted to Beijing. The news comes as China’s top legislative body prepares to approve the security legislation later today. Bloomberg’s Kevin Cirilli reports on “Bloomberg Daybreak: Asia.”
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