President Donald Trump signed a law and an executive order aimed at sanctioning people and banks that help suppress human rights and autonomy in Hong Kong.
Those sanctioned will not be able to invest, withdraw, or trade any property or other securities in the United States, something that could be alarming to officials linked to the Chinese Communist Party (CCP), who are involved in implementing the new law imposed by the CCP against Hong Kong.
At the moment it is known that the coordinator of the Executive Council of Hong Kong (Exco) Bernard Chan, has a property in San Francisco and that the executive councilor Laura Cha has a rented apartment in the United States, without the place being revealed, reported the South China Morning Post on July 17.
The coverup that characterizes the behavior of the CCP and its officials, who would be unlikely to publicize their investments abroad, particularly in the United States, is highlighted. The Party was accused of covering up for weeks the outbreak of the CCP Virus that has caused so many deaths and damage in the world, pointing to this tendency to hide the facts.
Hong Kong’s controversial chief executive, Carrie Lam Cheng Yuet-ngor, said she did not fear U.S. government sanctions, although she was appointed by the country’s authorities.
The escalation of sanctions applied by the Trump administration to the CCP is evidence of the accumulation of multiple aggressions that the CCP has committed, affecting many countries.
Territorial violations, industrial espionage, intellectual property theft, undue pressure on the economies of emerging countries, and human rights violations are part of the violations that the CCP is frequently accused of.
The United States is one of the CCP’s priority targets, and U.S. Attorney General William Barr warned U.S. businessmen about the risk of investing in China on Thursday, July 16.
“The ultimate ambition of China’s [the CCP’s] rulers is not to trade with the United States. It’s to assault the United States,” according to Politico.
In addition to issuing his warning, Barr criticized the double standard used by big corporations when dealing with the United States and the Chinese Communist Party.
He also warned business people who support the CCP of the possible application of the Foreign Agents Registration Act, under which they may be asked to disclose lobbying on behalf of foreign governments.