- July 27, 2021
- Posted by: Stratford Team
- Category: Business
China has imposed counter sanctions against seven American individuals and entities, including former U.S. commerce secretary Wilbur Ross, under the country’s newly passed anti-foreign sanctions law. It is in response to the U.S. government sanctioning seven Chinese officials earlier this month and warning American firms based in Hong Kong of the “growing risks” posed by Beijing.
“The United States has concocted the so-called ‘Hong Kong Business Advisory’ to groundlessly smear Hong Kong’s business environment,” a foreign ministry spokesperson said last Friday, adding that the moves “severely interfere in China’s internal affairs.”
China has sanctioned individuals such as Ross, the chairman of U.S.-China Economic and Security Review Commission, Carolyn Bartholomew, as well as the D.C.-based think tank Hong Kong Democratic Council but did not specify what specific penalties will be used.
