July 23, 2021

China imposed sanctions on former Commerce Secretary Wilbur Ross and six others on Friday, in response to recent U.S. actions over Chinese threats to Hong Kong's autonomy.

Last week, the Biden administration warned American companies against doing business in Hong Kong, maintaining that China’s imposition of a national security law in June 2020 “significantly reduced Hong Kong’s autonomy.”

“As a result, business and rule of law risks that were formerly limited to mainland China are now increasingly a concern in Hong Kong,” the Department of State, Department of the Treasury, Department of Commerce and Department of Homeland Security said in a joint advisory last week.

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