m.Chairman of the Hong Kong ▓Association of China Business Wong Ping also sai

d offices in Hong Kong

d U.S. enterprises will lose their most important and freest base in the Asia-

Pacific if Hong Kong was rescinded its status as▓ a separate customs territ

and used the metropolis

ory because of the bill.Wong pointed out that international econ▓omic relation

is not about one side doing▓ a favor for the other, warning that the Un▓ited

▓as a base to explore

States might suffer greater losses once China takes up strong countermeasures.E

Collect from /

other a wide range of As

xperts said whil▓e the U.S. legislation would certainly have an impact on Hong Kong's economy, it would not be a critical one. It is rather the implementation of the "one country, two systems" principle, the huge mainland market and support from the central go▓vernment that serves as the strongest impetus behind Hong Kong's development.In the latest move of support, the mainland and HKSAR on Thursday updated an agreement on libe

ralization and facilitation of trade in services that lowers the mainland mark▓et access thresholds for Hong Kong enterprises and professionals.The revised version of the Main▓land and Hong Kong Closer Economic Partnership Arrangement Agreement, effective in June 2020, introduces new liberalization measures in a number of important services sectors such as financial s▓ervices, legal services, television and tourism services.Pl▓ease scan the QR Code to follow us on InstagramPlease scan ▓the QR Code to follow us on WechatU.S. professor endeavors to present today's China through literary▓ translationU.S. professor end

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