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US Businesses in Hong Kong Say Biden Is Taking the Wrong Approach The Biden administration plans to release an advisory warning US companies from doing business in Hong Kong
The Biden administration plans to release an advisory this week warning US companies against doing business in Hong Kong. In comments to
The South China Morning Post, US business leaders based in Hong Kong spoke out against Biden’s approach.
Rob Chipman, the CEO of the logistics company Asian Tigers Group, told the
Post that he was surprised Biden was taking a similar approach to Hong Kong as his predecessor. Last year, President Trump ended Hong Kong’s preferential trade status, meaning the city is now subject to the same sanctions and restrictions as mainland China.