Hong Kong‘s Financial Secretary Paul Chan Mo-po said on January 1 that it is estimated that the U.S. and China are still fraught with differences that cannot be easily resolved, and that Hong Kong must be well prepared to deal with possible future U.S. crackdowns.
Reuters reported that in his speech at an economic forum, Chan noted that the deterioration of U.S.-China relations over the past few years was also a personal factor for former U.S. President Donald Trump, and that behind it all, deeper differences and conflicts between the two countries were revealed.
It remains to be seen what attitude and policy measures the new U.S. administration will eventually adopt,” said Mr. Chan. But we also note that a number of new U.S. cabinet officials have recently made statements in which they continue to view China as the most significant challenge.
He added that it can be expected that the relationship between China and the United States will remain fraught with differences that cannot be easily resolved and complex and volatile for some Time to come. In this regard, Hong Kong must be well prepared, formulate a good plan and adjust its positioning to cope with possible future U.S. suppressive measures, and continue to play its unique role and function in China’s national development strategy.
He believes that if Hong Kong can respond properly, with the support of Beijing authorities and its own advantages, Hong Kong is also in a good position to turn crisis into opportunity in finance, technology and trade, and to take advantage of the situation to promote further upgrading and transformation of Hong Kong’s economic structure.
The U.S. previously imposed sanctions on a number of Hong Kong and Chinese officials, including the announcement in the middle of last month of sanctions against six people, including the head of the National Security Branch of the Hong Kong Police Force, Choi Chin-pang, for the Hong Kong government’s mass arrests of Hong Kong pro-democracy activists. The Hong Kong government responded that this was “the latest example of the U.S. government’s ‘absurd and despicable behavior’ in interfering in China’s internal affairs and obstructing Hong Kong authorities from taking action to protect national security.
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