China Keeps Its Position on Hong Kong
Tensions are brewing up between US and China
Skerdian Meta•Monday, May 25, 2020•1 min read
In case anyone missed the Chinese takeover of Hong Kong last week, they did. They announced a national security law, which even though tries to look innocent, it shows that Hong Kong’s autonomy is over. They will ratify the law in China soon and they plan on annexing Taiwan as well.
The West has opposed such moves and we heard Trump say that US might do some nuclear testing in south east Asia seas, after China did so to show its strength. So, things are brewing up and China is standing its ground on Hong Kong, making comments as below:
China’s Foreign Commissioner in Hong Kong, Xie Feng
- Acts during Hong Kong protests last year were “terrorist” in nature
- Illegal acts posed imminent danger to China’s national security
- Beijing is firm in upholding national sovereignty, security
- National security law for Hong Kong is right, proper
Remarks by the Chinese Foreign Ministry
- China strongly condemns US blacklisting 33 of its entities
- Very concerned about reports US considering nuclear tests
- Urges US to correct its mistake, will take needed steps
The war of words between the two are continuing for now, as tensions remain high on pretty much all fronts at this point in time. The world is heading towards a strange future, but let’s all hope that we won’t end up like in Terminator movies with an Armageddon. It’s just funny how the coronavirus pandemic is all going in China’s favour.
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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