[Sanction red capital, dual-used tech and white glove
companies as the way to send a warning signal to China]
1/ @Reuters and @business Bloomberg just confirmed that the US is likely to sanction China if it approves the hugely controversial bill that damages HK's autonomy.
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5/ For a long time, HK has been treated by Beijing as a white glove port for importing sensitive strategic commodities. Once the law is implemented, a
#secretpolice agency and a#CCP-led China’s court will be imposed upon this global business centre.Show this thread -
6/ In worse scenario, HK will fall into Beijing’s direct rule, and de facto becomes another city of China. Hence, all special treatments granted to HK need to be subject to reconsideration. In fact, countries start to realize the changing role of HK in China’s global strategy.
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7/ For example, Israel’s security officials just rejected a bid from CK Hutchison Holdings for the potential security risks of Chinese involvement in plant construction in the disguise of "Hong Kong companies”.https://www.ft.com/content/31a900db-f495-4831-a91e-446567fb24c5 …
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8/ To safeguard the city’s freedoms and urge China to stop further misconduct, world leaders, not only the US, should consider sanctions on China as the only effective strategic option to send a warning signal to Beijing.
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9/ The sanctions should not only be restricted to personal sanctions like travel bans and asset freezes (since China won’t really realize the severity), but also partial sanctions on pro-
#CCP companies and dual-use technology.Show this thread -
10/ Democratic values and the virtue to respect treaties are the foundation of democracies. If China’s flagrant breach of Joint Declaration, a legally binding international treaty at the
@UN, is tolerated, it will set a bad precedent to all other treaties and agreements alike.Show this thread
End of conversation
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