{"id":150059,"date":"2020-05-29T17:00:35","date_gmt":"2020-05-29T17:00:35","guid":{"rendered":"https:\/\/www.bnreport.com\/borrell-chinas-move-in-hong-kong-doesnt-endanger-investment-deals\/"},"modified":"2020-05-29T17:00:35","modified_gmt":"2020-05-29T17:00:35","slug":"borrell-chinas-move-in-hong-kong-doesnt-endanger-investment-deals","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/borrell-chinas-move-in-hong-kong-doesnt-endanger-investment-deals\/","title":{"rendered":"Borrell: Chinas move in Hong Kong doesnt endanger investment deals"},"content":{"rendered":"

EU foreign policy chief Josep Borrell said on Friday that Chinas move to strengthen its legal grip on Hong Kong didnt put \u201cinvestment deals\u201d at risk, flatly contradicting European business groups that say they are worried about commercial ties.<\/p>\n

The EUs decision not to take a hard line on China, or use its leverage as the worlds biggest trade bloc, comes in stark contrast to the U.S. which is threatening trade measures if Beijing proceeds with imposing national security laws on the former British colony of 7 million people.<\/p>\n

Borrell conceded Chinas decision<\/a> was of \u201cgrave concern\u201d and \u201cnot in conformity with its international commitments.\u201d He added it could seriously undermine the \u201cone country, two systems\u201d principle that followed the end of British rule in 1997.<\/p>\n

He did not, however, mention any action beyond raising \u201cthe issue in our continuing dialogue with China.\u201d<\/p>\n

Talking to journalists in a video press conference<\/a> after a virtual meeting of EU foreign affairs ministers, he was asked whether Chinas action imperilled investment deals, and replied \u201cno.\u201d He also said that the vote by Chinas legislature to introduce national security laws didnt put at risk a planned EU-China summit in September in the German city of Leipzig.<\/p>\n

Borrells confidence in continued EURead More \u2013 Source<\/a>
\n[contf]
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\n <\/p>\n

politico<\/a><\/h5>\n

[contfnewc]
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EU foreign policy chief Josep Borrell said on Friday that Chinas move to strengthen its legal grip o..<\/p>\n","protected":false},"author":1,"featured_media":150060,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-150059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nBorrell: Chinas move in Hong Kong doesnt endanger investment deals - Business News Report<\/title>\n<meta name=\"description\" content=\"EU foreign policy chief Josep Borrell said on Friday that Chinas move to strengthen its legal grip o..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/borrell-chinas-move-in-hong-kong-doesnt-endanger-investment-deals\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Borrell: Chinas move in Hong Kong doesnt endanger investment deals - 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