Wednesday, November 20, 2019

China Threatens Retaliation After US Senate Passes Hong Kong Bill; Stocks, Yuan Tumble

On November 19th, the US Senate passed the "Hong Kong Bill of Rights on Human Rights and Democracy." The bill disregards the facts, confuses right and wrong, violates the axioms, plays with double standards, openly intervenes in Hong Kong affairs, interferes in China's internal affairs, and seriously violates the basic norms of international law and international relations.

In the past five months, the persistent violent criminal acts in Hong Kong have seriously jeopardized the safety of the public's life and property, seriously trampled on the rule of law and social order, seriously undermined Hong Kong's prosperity and stability, and seriously challenged the bottom line of the "One country, two systems" principle.

The Chinese central government will continue to firmly support the Hong Kong SAR Government in its administration of the law, firmly support the Hong Kong police in law enforcement, and firmly support the Hong Kong Judiciary in punishing violent criminals in accordance with the law, protecting the lives and property of Hong Kong residents and maintaining Hong Kong's prosperity and stability.

The purpose is to support the extremist forces and violent elements in the anti-China chaos and to undermine Hong Kong's prosperity and stability so that they can borrow Hong Kong.

I want to stress once again that Hong Kong is China's Hong Kong and Hong Kong affairs are purely China's internal affairs.

The Senate measure would require annual reviews of Hong Kong's special status under U.S. law to assess the extent to which China has chipped away the city's autonomy; in light of recent events, Hong Kong would not pass.

Because the Hong Kong bill passed both the House and the Senate without a single lawmaker objecting, there would probably be enough support to override a presidential veto.

https://www.zerohedge.com/markets/trade-deal-jeopardy-after-senate-passes-bill-supporting-hong-kong-protests-infuriating

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