U.S. Senate could shift China risk into overdrive, writes GinaChon:
U.S. Senator Chris Van Hollen said on May 26 that his proposal to impose new sanctions on China if it imposes a national-security law on Hong Kong would hit the country’s communist party “where it hurts.
” The bill would target not only individuals responsible for implementing the rules curbing freedoms in Hong Kong but also domestic Chinese banks that do business with them. It’s co-sponsored by Republican Senator Pat Toomey.
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