Trump stated that he would deal a very powerful blow to China. But it was just much ado about nothing, RISS expert outlined. During his fierce speech, Trump announced that he would impose new restrictions on Chinese officials who played a role in “smothering” Hong Kong’s freedom. But he gave no time frame for the moves, suggesting he may be trying to buy time before deciding whether to implement harsh anti-China measures.
“The Chinese government has consistently adhered to the One-China Principle, and in fact the USA acknowledged its position. This is due to the fact that the US economy is currently experiencing a slowdown. US exports fall for the fourth month by 6%. Hong Kong is an important financial hub for the USA; a lot of American banks operating there. Washington is trying to reduce its financial dependence on Beijing, but it is extremely difficult now,” Kholodkov concluded.