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Companies in Hong Kong fear being crushed between China and US
Primrose Riordan and Demetri Sevastopulo
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Hong Kong/Washington | US business groups said a Biden administration warning about the risks of operating in Hong Kong has made life more difficult as they navigate a sweeping security crackdown by China.
Citing the introduction of a national security law in the Chinese territory last year, the US âbusiness advisoryâ on Friday warned of greater surveillance of commercial data as well as threats to freedom of information owing to Hong Kongâs clampdown on the previously free media.
Beijingâs security crackdown in Hong Kong has not driven foreign banks and other multinationals out of the financial hub.Â
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The merging of Hong Kong with China with respect to Hong Kong’s treatment under the Export Administration Regulations (“EAR”) is now reflected in the Department of Commerce’s Bureau of Industry and Security’s Hong Kong recordkeeping guidance. On February 19, 2020, BIS updated its Hong Kong recordkeeping FAQs to make that guidance consistent with the final rule BIS issued on December 23, 2020 implementing Executive Order 13936 (the “E.O.”). The E.O. was signed in the wake of U.S. objections to Chinese government national security legislation imposed on Hong Kong in 2020, which outlaws any act of “secession,” “terrorism,” or “collusion” with a foreign power.
Ted Cruz shows why the GOP isn’t going back to Reaganism Author: Jonah Goldberg Published January 3
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Print article Throughout Donald Trump’s captivity of the GOP, many Republicans have held fast to the hope that after he leaves office, the party can return to the sunny Reaganism of the Before Times. Of course, Trump’s bitter-enders have made it clear that they’d be happy to tear down not just the party but the country itself to avoid having to live in a post-Trump world. It might have seemed as if we hit rock bottom earlier this month, when the Texas attorney general sued the swing states that decided the election for Joe Biden, demanding to have tens of millions of legal votes erased and the election effectively handed to Trump. More than 100 Republican House members and 17 Republican state attorneys general lent their names in support.