[Asia Economy Beijing=Special Correspondent Park Sun-mi] As the United States is reportedly considering broad sanctions against Chinese officials, companies, and financial institutions in relation to the promotion of the Hong Kong National Security Law, Chinese state media published an interview stating that if China is attacked, the United States will bear the full brunt of the damage.


On the 27th, Lau Siu-kai, Vice Chairman of the Hong Kong-Macao Research Association and former Chief Advisor of the Central Policy Unit, a Hong Kong government think tank, explained in an interview with the Global Times, "The US may have conflicts with China over the Hong Kong issue, but most of the measures the US proposes will be ineffective and will cause significant harm," adding, "If US Secretary of State Mike Pompeo pushes for sanctions in response to the Hong Kong National Security Law, it means misunderstanding the true meaning of 'One Country, Two Systems' and regarding Hong Kong as an independent entity."


He further warned, "The current US administration is extremely hostile toward China, and even though the US has many countermeasures, most of these actions will yield little benefit and will incur high costs. As a result, the US will suffer great pain."


He said, "One of the most frequently mentioned US countermeasures is reconsidering the special status granted to Hong Kong," and explained, "However, since the US has deep economic and financial interests with Hong Kong, any move to reconsider Hong Kong's special status will also harm the US. The stronger the countermeasures, the greater the damage the US will suffer."


The US recognizes Hong Kong as having a special status different from mainland China under the Hong Kong Policy Act enacted in 1992, granting benefits such as tariff advantages. However, based on the Hong Kong Human Rights and Democracy Act passed last year, the US holds the position that it can impose disadvantages if Hong Kong's autonomy falls below a certain level.


Vice Chairman Lau warned, "Moreover, the Chinese central government will not just stand by and watch the US attacks," adding, "It can take strong countermeasures, including expanding additional tariffs on US goods and services."



He conveyed, "All of this will ultimately result in reducing the US's presence in Hong Kong," and said, "Hong Kong is a hub attracting global talent and capital, and the gap left by the reduction of the US presence in Hong Kong can be filled by mainland China and other countries. There is nothing that can change the Chinese government's determination regarding the Hong Kong National Security Law."


This content was produced with the assistance of AI translation services.

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