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China sanctions 'likely' over Hong Kong national security law: White House
Hong Kong residents protest new Chinese security bill
China is looking to pass a bill that would change security rules and criminalize activities ‘subversive’ to the government and allow Chinese security agencies to work in Hong Kong. FOX Business’ Edward Lawrence with more.
National Security Adviser Robert O'Brien warned on Sunday that the United States may impose sanctions if China goes through with a controversial national security law that would put Hong Kong's independence at risk.
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"It looks like with this national security law, they're going to basically take over Hong Kong," O'Brien told NBC's "Meet the Press." "If they do, under the 1992 Hong Kong Policy Act and the Hong Kong Human Rights and Democracy Act of 2019, Secretary Pompeo would likely be unable to certify that Hong Kong maintains a high degree of autonomy. And if that happens, there will be sanctions that will be imposed on Hong Kong and China."
U.S. Secretary of State Mike Pompeo said in a statement on Friday that any decision "impinging on Hong Kong’s autonomy and freedoms as guaranteed under the Sino-British Joint Declaration and the Basic Law would inevitably impact our assessment of 'One Country, Two Systems' and the status of the territory."
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The measure, which goes against Hong Kong’s Basic Law that says such proposals must be passed by the city government, would quash the "one country, two systems" principle that has allowed the global financial hub to flourish since Britain's 1997 handover to China. It also would jeopardize Hong Kong's access to sensitive U.S. technologies it has received under the 1992 U.S.-Hong Kong Policy Act and would subject the city to tariffs from the United States.