US sanctions don’t hurt Hong Kong much, says CEO of trade body


Victorial Harbour, Hong Kong

HONG KONG, China, Sept 4 (China Daily/ANN): Raymond Young Lap-moon, chief executive officer of the Chinese Manufacturers' Association of Hong Kong, said the city's business environment has returned to normal after enacting the National Security Law with no foreign businesses, particularly American ones, leaving the city.

The American companies usually don't toe the United States government line but instead act according to their own business strategies, he said. "There are far more American companies on the (Chinese) mainland than in Hong Kong, and why don't the American companies vacate the mainland?"

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