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The United States Senate unanimously passed a bill Tuesday that would require an annual review of the special treatment Hong Kong receives under US law following almost six months of unrest in the Asian financial hub. The vote will be seen as boost for Hong Kong's pro-democracy protesters, and a challenge to the Chinese government at a time of strained US-China relations, marked by a protracted trade war and geopolitical jostling. The US government treats semi-autonomous Hong Kong, which has its own legal and political systems, differently from the Chinese mainland when it comes to trade and export controls. The Hong Kong Human Rights and Democracy Act -- if it becomes law -- will demand greater scrutiny of the city's special status.
Under the bill, the President can also impose sanctions on those who violate the 1997 Sino-British Joint Declaration -- the agreement under which Britain handed Hong Kong back to China, and which sets the terms of the city's autonomy. For months, protesters have accused China of infringing on the agreement by encroaching on Hong Kong's protected freedoms. House approves bills supporting pro-democracy activists in Hong Kong House approves bills supporting pro-democracy activists in Hong Kong The democracy bill has received broad bipartisan support and will now go to the House of Representatives, which passed a slightly different version of the bill last month. Then, it will head to the White House for President Donald Trump to review
There is one notable voice missing -- Trump has largely refrained from entering into the fray as he works through stalled trade talks with China. In June, as the protests kicked off, Trump promised Chinese President Xi Jinping in a phone call that the US would remain quiet on the protests while trade talks continued, according to sources familiar with the call. Trump's pledge is a dramatic departure from decades of US support for human rights in China -- and is all the more striking as Congress has overwhelmingly sided with the protesters. The bill could also complicate the trade talks if it places pressure on the White House to sanction China for its role and actions in the protests.
"China will have to take strong countermeasures to defend our national sovereignty, security and development interests if the US insists on making the wrong decisions," the statement said, urging the US to "stop interfering."
The economy of mainland China is more dependent on manufacturing, although, in recent years, the service sector has started to pick up. However, the share of services in the GDP is much less than that of developed countries like the United States and Japan and also less than that of developing countries like Brazil and India. Agriculture constitutes around 10 percent of China’s GDP, while it is negligible in Hong Kong's. Hong Kong's GDP per capita is vastly higher than that of China's, although the latter's is rapidly climbing. China's GDP growth rate is over 6 percent, while Hong Kong's was 3 percent in 2018.
- Hong Kong exists as a Special Administrative Region controlled by The People's Republic of China and enjoys its own limited autonomy as defined by the Basic Law.
-The principle of “one country, two systems” allows for the coexistence of socialism and capitalism under “one country,” which is mainland China. -The Hong Kong economy is characterized by low tax rates, free trade, and less government interference.
-The mainland Chinese stock markets are more conservative and restrictive.
It would be in their best interest to utilize this moment for good and fairness
originally posted by: MarioOnTheFly
Dont you guys have bigger problems to settle back home ?
originally posted by: Gothmog
This entire deal was a British thing
Let them handle it.
Much of where we're at is because of our relationship with China.
Typically I'm not one for government overreach