In Landmark Decision, Pompeo Tells Congress Hong Kong No Longer Independent From China

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In Landmark Decision, Pompeo Tells Congress Hong Kong No Longer Independent From China
Tyler Durden
Wed, 05/27/2020 – 11:46

In what appears to be a preview of the at-this-point inevitable White House decision to strip Hong Kong of its preferred trading status over the new National Security law imposed by Beijing, Secretary of State Mike Pompeo tweeted on Wednesday that he has “reported to Congress that Hong Kong is no longer autonomous from China.”

Stocks have shown a surprising degree of resilience, though the offshore yuan – a key barometer of China-related risks – skidded lower.

 

 

 

 

 

 

 

 

 

 

 

 

 

Original source: http://feedproxy.google.com/~r/zerohedge/feed/~3/Sz9jP7nA-os/landmark-decision-pompeo-tells-congress-hong-kong-no-longer-independent-china

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