Beijing's new security law will end to Hong Kong's special status, say China critics.
International News: President Donald Trump signed into law the Hong Kong Autonomy Act on Tuesday and also gave his assent to an executive order ending US preferential treatment for Hong Kong. "Today, I signed a legislation and an executive order to hold China accountable for its oppressive actions against the people of Hong Kong," Trump told reporters at a White House press conference. The Hong Kong Autonomy Act was passed unanimously by the Congress, he said, adding that the law gives his administration powerful new tools to hold responsible the individuals in the entities involved in extinguishing Hong Kong's freedom.
"We have all watched what happened, not a good situation. Their freedom has been taken away, their rights have been taken away and with it goes Hong Kong in my opinion, because it will no longer be able to compete with free markets. A lot of people will be leaving Hong Kong I suspect and we are going to do a lot more business because of it because we just lost one competitor.
"We lost a very, very serious competitor, a competitor that we incentivised to take a lot of business and do well, and we gave them a lot of business by doing what we did. We gave them things that nobody else had the right to do and that gave them a big edge over other markets, and because of that edge, they have some really historic business, tremendous business, far bigger than anybody would have thought years ago when we did this gift. It was really a gift to freedom," Trump said...
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