New Sanctions Will Not Benefit US

Secretary for Commerce & Economic Development Edward Yau today said the US Government’s latest sanctions on Hong Kong would negatively affect US interests in the city.

 

Mr Yau made the statement at a media session after attending a radio programme this morning.

 

He said the US' latest sanctions are unreasonable and barbarous, adding that they would in the long run inflict a wound on US interests in the city.

 

“Looking at the wider interest between Hong Kong and the US, such imposition of unreasonable measures would send a very wrong signal to the US investment in Hong Kong.”

 

Mr Yau pointed out the US would ultimately pay the price and that the sanctions will definitely hurt the relationship between the two sides.

RECENT NEWS

US Stocks Rise On Hopes Of Pause In Rate Increases

Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more

China's Financial Risks 'controllable': Regulators

The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more

Banks Cut Yuan Deposit Rates, Could Boost Consumption

China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more

Cheese And Wine Put EU, Australia Deal In Peril

Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more

US Stocks End Mixed As Tech Shares Are Sold Off

Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more

Amazon 'plans Prime Video Streaming Service With Ads'

Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more