NEW YORK, Aug. 6 (Xinhua) — The conflicts, differences and issues between China and the United States cannot be resolved by any form of sanctions, an expert on international relations has said.
The business environment in the Chinese mainland and Hong Kong “has not been much affected by U.S. sanctions over the Hong Kong issue since 2019,” Jin Kai, associate professor with Guangdong Academy of Social Science, China, and non-resident scholar of Asian studies with George Washington University wrote in an opinion piece recently published on the website of The Diplomat.
“Any measures strong enough to do real damage to China and its Hong Kong Special Administrative Region would inevitably impact U.S. interests as well,” Jin warned.
“Comprehensive sanctions against China’s mainland and Hong Kong, especially against the highly interconnected and extremely sensitive financial sector, would likely trigger serious consequences that the Biden administration may not be able to anticipate and deal with including a dramatic upheaval in the U.S.-led global financial system,” he added.
It’s indicated that multinational businesses, in particular, still hold a high level of confidence in the Chinese economy, China’s speedy recovery from COVID-19 and the unique role that Hong Kong still plays in international business activities, according to Jin.
Originally Appeared Here