(AF) The White House will warn US companies that they face increasing risks if they continue to operate in Hong Kong, according to a report in the Financial Times.
President Joe Biden is said to be considering the move in response to China’s increasing control over the semi-autonomous former British colony, the report stated, citing sources familiar with the deliberations.
Of concern are new rules that enable Beijing to access data that foreign companies store in the southern city and also measures that could see authorities sanction anyone that enables foreign penalties to be levelled against Chinese “groups and officials”, the report added.
The FT report added that Biden would also update US penalties that are applied to firms whose supply chains are seen to benefit form forced labour in Xinjiang.
