China: Forgoing the introduction of anti-foreign sanctions law in Hong Kong: Standing Committee of the National People’s Congress
-Reason “The US dollar runs away”-
“The Epoch Times” dated August 21
The Chinese government
Laws against foreign sanctions,
The introduction of the Chinese anti-foreign sanctions law in Hong Kong was hurriedly postponed.
A scholar has published an article entitled Concerns about Withdrawal of Foreign Capital.
Chinese legislature
Standing Committee of the National People’s Congress:
On the 20th, China’s “anti-foreign sanctions law” against foreign sanctions was postponed “a decision to apply to Hong Kong.”
Chinese authorities:
There are many views that the vote was urgently canceled in consideration of economic risks.
Chinese political scientist
Mr. Chen Dogin:
For the US government broadcast RFA
The sudden suspension of voting by the Standing Committee is unusual.
This is the judgment of the highest leadership.
He said it could be related to China’s recent economic situation.
Introducing anti-foreign sanctions law in Hong Kong:
Introducing anti-foreign sanctions law in Hong Kong
There is a great risk of putting the Hong Kong economy in crisis,
This is the result of noticing that.
Indirectly, it has a negative impact on the Chinese economy.
Hong Kong is an International Financial Center:
Hong Kong plays the role of an international financial center.
In other words, anti-foreign sanctions law is prohibited.
The financial loss is too great.
Hong Kong current affairs critic
Mr. Liu Shoken:
“Several tightening measures recently introduced by the Chinese government” are “concerns for foreign investors.”
Enforcement of anti-foreign sanctions law:
This causes more damage than the intended deterrent effect.
It may lead to a large-scale withdrawal of foreign investors.
Large-scale withdrawal of foreign investors:
If the anti-foreign sanctions law is enforced,
Foreign investors are forced to choose markets other than China,
Foreign investors will be frightened.
Therefore, Beijing has withheld the vote for the time being, considering real interests.
The US dollar is the key currency:
On the other hand, the yuan is a local currency.
It was spread all over the world
Being out of the dollar payment network
It means the death of RMB.
No matter how much China is growing, you should know this much.
World view of Toshiyoshi Katsumata
http://hisayoshi-katsumata-worldview.com/archives/27226665.html
Anti-foreign sanctions law passed, enforced on June 10 (China, USA) | –JETRO
https://www.jetro.go.jp/biznews/2021/06/c8bd174fe077c4e6.html