US act of bullying will never hinder Hong Kong’s prosperity and development

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Hong Kong Photo: Unsplash

On July 16 local time, the US government arbitrarily issued the so-called “Notice to Businesses,” which fouled the business environment in the Hong Kong Special Administrative Region (HKSAR) and sanctioned central government officials. Chinese in Hong Kong.

The act of the United States gravely violated international law and basic norms governing international relations, and grossly interfered with Hong Kong affairs and China’s internal affairs in general, vividly revealing the ” American harassment ”and“ American double standards ”.

It should be noted that the sanctions and threats against China have not and will never frighten the Chinese people. China will never give in to coercion, intimidation or pressure, and will certainly strike back.

The world is well aware that by defaming China and distorting the truth, the United States is attempting to undermine Hong Kong’s prosperity and stability, endanger China’s national security, and contain the development of China. China, which is totally arbitrary and unreasonable.

The truth is that the historical trend will not be changed by the sanctions and threats from the United States, which will only end in failure in the face of the ambition, indomitable will and confidence of all the Chinese people.

China has always stood on the right side of history and stood for fairness and justice, regardless of the type of obstacles encountered.

Just as the United States was busy issuing the so-called “business advisory” and imposing sanctions on Chinese central government officials in Hong Kong, Beijing, Hong Kong and Macau hosted a landmark online symposium. the first anniversary of the promulgation of the Law on Safeguarding National Security. in Hong Kong SAR.

During the symposium, officials pointed out that by brutally flouting international law, interfering in China’s internal affairs, and imposing so-called senseless sanctions against China, the United States and other Western countries who intend to mislead people about the law on safeguarding national security in the Hong Kong SAR will only arouse the indignation and contempt of the Chinese people, sounding the balance sheet of anti -Chinese who aim to wreak havoc in Hong Kong and be hoisted with their own firecracker.

The United States published the so-called “business advice” weaving a bunch of lies, laying purely bogus accusations against China. While asserting that a healthy business environment cannot exist without the rule of law, the United States has spared no effort to stand in the way of improving the rule of law by Hong Kong.

He refuses to admit that Hong Kong’s status as an international financial, trade and maritime center has been more stable, that the rule of law and its business environment have been healthier, and that society has been more harmonious since the Law on Safeguarding National Security in Hong Kong SAR has been implemented and Hong Kong’s electoral system has been improved.

The truth of Hong Kong’s business environment is nothing like what the United States describes.

Under the Law on Safeguarding National Security in the Hong Kong SAR, Hong Kong’s public order has been restored, the principle of the rule of law has been respected and its development has been put back on track. . Hong Kong residents enjoy legitimate rights and freedoms, and foreign investors in Hong Kong enjoy a more secure, stable and predictable business environment. The rights and legitimate interests of international stakeholders, including US companies based in Hong Kong, are better protected.

Last year, the inflow of funds into Hong Kong amounted to $ 50 billion. Hong Kong’s banking systems balances have hit new highs on several occasions, and the amount of funds raised through Initial Public Offerings (IPOs) in its stock exchange has ranked second in the world.

Hong Kong was one of the regions attracting the most foreign direct investment in 2020, according to the latest annual global investment report released by the United Nations Conference on Trade and Development. Not so long ago, a report from the International Monetary Fund reaffirmed Hong Kong’s status as an international financial center.

There are many facts that have proven that foreign investors and local investors in Hong Kong have become more, not less, confident in Hong Kong’s business environment.

Confidence also comes from China’s robust economic growth. Investors are starting to know that exploring the Hong Kong market will help them seize the huge opportunities in mainland China.

The enactment and implementation of the Hong Kong SAR National Security Safeguard Act fundamentally addressed the loopholes in Hong Kong’s national security protection system, blocked the “black hands” in Hong Kong and in the United States which aims to undermine China’s national security, and effectively protected Hong Kong’s constitutional order established by the Constitution of China and the Hong Kong Basic Law.

It cannot be overemphasized that no matter what means the United States adopts, it will never replicate the old days in Hong Kong, when it was rocked by rampant black violence, the independence movement and the activities of ” mutual destruction “, nor will hinder the prosperity and prosperity of Hong Kong. development. After all, the wheels of history will only move forward.

 



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