WASHINGTON, July 1 — The US House of Representatives passed legislation yesterday that would penalise banks doing business with Chinese officials who implement a national security law that House Speaker Nancy Pelosi called a “brutal, sweeping crackdown” on Hong Kong. The measure passed by...
Anti-national security law protesters throw mock paper money during a march against national security law at the anniversary of Hong Kong's handover to China from Britain, in Hong Kong July 1, 2020. — Reuters pic
The measure passed by unanimous consent, reflecting concern in Washington over China's enactment of a security law seen as ending the autonomy that allowed the former British colony to thrive as an international financial center. Earlier, Pelosi made an unusual appearance at a committee hearing on the situation in Hong Kong to say the security law marked the death of the “One Country, Two Systems” principle.
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