The big question on Hong Kong: How will China hit back at Trump? [Business News Network (BNN) Energy & Resources (Canada)]
BOC HK HLDGS LTD S/ADR (BHKLY)
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Source: Business News Network
The big question on Hong Kong: How will China hit back at Trump? China is making a habit of issuing vague retaliation threats. So far, however, it hasn’t actually done much. The foreign ministry gave another warning on Thursday after President Donald Trump signed bills backing Hong Kong’s protesters, using language that mirrored a statement last week. China issued similar threats earlier this year after the U.S. approved arms sales to Taiwan, sanctioned companies over human-rights abuses in Xinjiang and put Huawei Technologies Co. on a blacklist. “We suggest that the U.S. stops sticking obstinately to its course or China will take resolute countermeasures,” the foreign ministry said. “The U.S. side will bear all responsibility for the consequences.” Later, foreign ministry spokesman Geng Shuang dodged questions on when China would reply or whether it would impact trade talks, telling reporters to “stay tuned.” “What will come will come,” he said. The failure to flesh out the details d
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