© Bloomberg. Gantry cranes stand as containers sit stacked at the Kwai Tsing Container Terminal in Hong Kong, China, on Thursday, Feb. 20, 2020. Hong Kong’s container throughput fell 20.4% in January from a year ago according to preliminary figures posted on the Port Development Council’s web site.
(Bloomberg) — The Trump administration escalated pressure on China Monday over its crackdown on Hong Kong by making it harder to export sensitive technology to the city, the latest step toward revoking the former U.K. territory’s special trading status.
“With the Chinese Communist Party’s imposition of new security measures on Hong Kong, the risk that sensitive U.S. technology will be diverted to the People’s Liberation Army or Ministry of State Security has increased, all while undermining the territory’s autonomy,” Commerce Secretary Wilbur Ross said in a statement that provided little detail on specific impacts.