China refuses from US food

China refuses from US food

PRAVDA

Published

Chinese state-owned companies have suspended the purchases of American food in response to Washington's decision to strip Hong Kong of its privileged bilateral trade status. The development of this conflict may disrupt the first part of the trade deal between the United States and China, which was concluded in January of this year after a period of complex and lengthy negotiations. The new aggravation of bilateral relations between China and the USA is taking place against the backdrop of recession in world trade. Chinese state-owned companies received instructions from the PRC authorities to stop purchasing pork and soybeans products from the United States as part of the first phase of the deal between the two countries. The decision was made after Washington took certain steps following the approval of the resolution on the development of the national security in Hong Kong (the resolution was approved by the All-China People's Congress (the highest legislative body of the PRC)). On May 29, Donald Trump announced that the United States would deprive Hong Kong of its privileged status and economic benefits, because, due to Beijing's actions, Hong Kong ceased to be a separate part of the PRC. It goes about export control, the use of dual-use technologies, as well as the customs clearance of goods. Until recently, Washington viewed Hong Kong as a customs territory unrelated to mainland China). Donald Trump also announced sanctions against Chinese and Hong Kong officials, who, according to Washington, were directly or indirectly involved in infringing on the autonomy of Hong Kong as a Special Administrative Region of the PRC.

Full Article