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'American firms should tread carefully in Hong Kong', says Washington officials

Shortpedia

Content Team
Image Credit: shortpedia

US President Joe Biden revealed on Thursday that his government expects to send a warning to firms about a "deteriorating" situation in Chinese territory shortly. According to trade analyst William Reinsch, "'One Country, Two Systems' is gone," referring to the norm that has granted Hong Kong political and legal liberties not accessible on the Chinese mainland for more than 20 years. The announcement, according to Biden, was "more of an advise."