REUTERS: The US government will send a warning to corporations this week about the rising hazards of doing business in Hong Kong, as well as an update to an earlier warning about Xinjiang, according to the Financial Times. According to the research, U.S. corporations face dangers such as the Chinese government’s capacity to acquire access to data stored in Hong Kong by foreign companies.
The FT reported https://on.ft.com/2UK19Sw that the new law permits Beijing to apply fines against individuals or entities involved in making or implementing discriminatory measures against Chinese citizens or entities, citing three people familiar with the situation.
According to the Financial Times, the US will renew a warning given by former President Donald Trump’s administration on Xinjiang last year on Tuesday, emphasizing the legal dangers that businesses face unless they confirm that their supply chains are not involved in forced labor in Xinjiang.
According to the Financial Times, the US may apply additional sanctions this week in reaction to China’s repression of pro-democracy rallies in Hong Kong and alleged human rights violations in Xinjiang.
China denies claims of genocide and forced labor in Xinjiang, claiming that its measures are required to combat separatists and religious extremists who plotted assaults and inflamed tensions between the predominantly Muslim ethnic Uyghurs and China’s largest ethnic group, the Han.
(In Bengaluru, Radhika Anilkumar and Shubham Kalia reported; Louise Heavens edited.)/n
