Export Controls: Hong Kong and China

export controls: But he stopped short of calling an immediate end to privileges that have helped the former British colony remain a global financial center, according to The Japan Times. Chinese Foreign Ministry spokesman Zhao Lijian said China firmly opposed the U.S. steps. China's rubber-stamp parliament last week voted to move forward with imposing national security legislation on Hong Kong, which U.S. President Donald Trump said on Friday was a tragedy for the people of the city, and which violated China's promise to protect its autonomy. ; Trump ordered his administration to begin the process of eliminating special U.S. treatment for Hong Kong to punish China, ranging from extradition treatment to export controls. RELATED STORIESTrump's Hong Kong announcement leaves room to de-escalate tensions China's security law sends Hong Kong residents dashing for exit Chinese media use race clashes to lambaste U.S. over Hong KongU.K. ex-foreign ministers call for G7 Hong Kong monitor group The announced measures severely interfere with China's internal affairs, damage U.S.-China relations, and will harm both sides. Any words or actions by the U.S. that harm China's interests will meet with China's firm counterattack, he said. China is firmly opposed to this, Zhao told reporters during a regular briefing. (news.financializer.com). As reported in the news.