[Businesses in / with China 1/2]
New World Development Co Ltd (0017.HK) will donate 3 million square feet of its farmland reserves for social housing, reported on 25 Sep, during the Result Announcement Press Conference.
The company said it will first offer three plots of agricultural land in the New Territories, totaling 28,000 square feet, which equivalent to the size of 1.5 Victoria Park, to a non-governmental organization called “Light Be” to build small-sized social housing apartments.
Adrian Cheng, executive vice chairman of New World Development, told the group’s results press conference on Wednesday that the donation was a separate issue from the Land Redemption Ordinance, and that the company had an open attitude if the government needed to look for land for public housing. The Memorandum of Understanding was planned 1 year ago.
At present, the four major property developers in Hong Kong own more than 100 million square feet of farmland, by the end of 2018, Henderson Land (0012) has about 45 million square feet of farmland (about 45%), which is the largest reserves of the four major property developers. Second, Sun Hung Kai Properties (0016) has about 31 million square feet of farmland (about 30%), New World Development (0017) has about 17 million square feet of farmland (about 16%), and CK Asset (1113) has 9 million square feet of farmland (about 9%).
#business #ChinaInfluence #ChinaApproved
Excerpt: https://www.hk01.com/財經快訊/379268/新世界宣布捐300萬呎農地-以興建公屋及發展社會房屋
https://www.hk01.com/地產樓市/375584/收回土地條例-美銀-四大地產商擁逾億方呎農地-恒地佔近半
New World Development Co Ltd (0017.HK) will donate 3 million square feet of its farmland reserves for social housing, reported on 25 Sep, during the Result Announcement Press Conference.
The company said it will first offer three plots of agricultural land in the New Territories, totaling 28,000 square feet, which equivalent to the size of 1.5 Victoria Park, to a non-governmental organization called “Light Be” to build small-sized social housing apartments.
Adrian Cheng, executive vice chairman of New World Development, told the group’s results press conference on Wednesday that the donation was a separate issue from the Land Redemption Ordinance, and that the company had an open attitude if the government needed to look for land for public housing. The Memorandum of Understanding was planned 1 year ago.
At present, the four major property developers in Hong Kong own more than 100 million square feet of farmland, by the end of 2018, Henderson Land (0012) has about 45 million square feet of farmland (about 45%), which is the largest reserves of the four major property developers. Second, Sun Hung Kai Properties (0016) has about 31 million square feet of farmland (about 30%), New World Development (0017) has about 17 million square feet of farmland (about 16%), and CK Asset (1113) has 9 million square feet of farmland (about 9%).
#business #ChinaInfluence #ChinaApproved
Excerpt: https://www.hk01.com/財經快訊/379268/新世界宣布捐300萬呎農地-以興建公屋及發展社會房屋
https://www.hk01.com/地產樓市/375584/收回土地條例-美銀-四大地產商擁逾億方呎農地-恒地佔近半
香港01
新世界宣布捐300萬呎農地 以興建公屋及發展社會房屋
再有發展商宣布有意捐地。新世界發展（017）執行副主席鄭志剛今日於業績會上突然宣佈，將會捐出300萬呎農地予社會，其中會與社企「要有光」作發展社會房屋。以維多利亞公園面積為190萬平方呎計算，即今次新世界捐出的農地面積約為1.5個維
Claiming that “how the market works” Sooner or later the water will boil, and they await as the pot started to heat up.
All those patriotic businessmen face the same ultimate fate. Don’t be surprised if they turn against you someday, that’s how Wing On (renamed to Yongan in 2005) company Shanghai got confiscated in the mid-1900s. Before that the owner would be invited to be praised and awarded by the Communist government. Showered in the sound of clapping he went on stage, and the microphone would be buzzing about how the state appreciated the contribution he had made. They would even put a big red blossom on his chest.
#business #CCP #ChipTsao
Source: https://hk.lifestyle.appledaily.com/lifestyle/columnist/%E9%99%B6%E5%82%91/daily/article/20190926/20775016/
All those patriotic businessmen face the same ultimate fate. Don’t be surprised if they turn against you someday, that’s how Wing On (renamed to Yongan in 2005) company Shanghai got confiscated in the mid-1900s. Before that the owner would be invited to be praised and awarded by the Communist government. Showered in the sound of clapping he went on stage, and the microphone would be buzzing about how the state appreciated the contribution he had made. They would even put a big red blossom on his chest.
#business #CCP #ChipTsao
Source: https://hk.lifestyle.appledaily.com/lifestyle/columnist/%E9%99%B6%E5%82%91/daily/article/20190926/20775016/
Japanese Toto Ltd. factory in Beijing Closed, a thousand staff lost their jobs
Toto Ltd. (Tōtō Kabushiki-gaisha), a Japanese bathroom brand, recently announced the closure of its factory in Beijing. Dozens of its employees gathered at the door of the factory, polices were on their guards. According to the statement issued by Toto, it was to co-operate with the government, as the government has development plans in the nearby area of the factory.
Employees said that there were already rumours of the closure of the factory in late September but were denied by the company. Until Wednesday, the company suddenly announced the closure of the factory, then proposed compensation plans to its employees. However, the company has never communicated with them about those plans. They demanded meetings with the company’s leaders but in vain.
Near one thousand employees has lost their jobs immediately. It was said that the company proposed three compensation plans, and arranged job interviews with other companies for its employees .
Toto Ltd. is a company with over 100 years of history. Since 1955, it has been expanding its business to China and set up factories across China. The factory in Beijing mainly manufactured toilets and washbasins.
Source: https://facebook.com/watch/?v=1478024939002640&_rdr
#CCP #business
Toto Ltd. (Tōtō Kabushiki-gaisha), a Japanese bathroom brand, recently announced the closure of its factory in Beijing. Dozens of its employees gathered at the door of the factory, polices were on their guards. According to the statement issued by Toto, it was to co-operate with the government, as the government has development plans in the nearby area of the factory.
Employees said that there were already rumours of the closure of the factory in late September but were denied by the company. Until Wednesday, the company suddenly announced the closure of the factory, then proposed compensation plans to its employees. However, the company has never communicated with them about those plans. They demanded meetings with the company’s leaders but in vain.
Near one thousand employees has lost their jobs immediately. It was said that the company proposed three compensation plans, and arranged job interviews with other companies for its employees .
Toto Ltd. is a company with over 100 years of history. Since 1955, it has been expanding its business to China and set up factories across China. The factory in Beijing mainly manufactured toilets and washbasins.
Source: https://facebook.com/watch/?v=1478024939002640&_rdr
#CCP #business
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United States government added 8 Chinese technology companies into the blacklist, where they were accused of violation in Xinjiang muslim minority human right.
Face recognition technology has caused a global stir recently; Amazon announced earlier to set up rules to restrict applications for such technology. However, the Chinese ministry of information and technology announced starting from December, they will implement full scale face recognition procedure for mobile internet user; to ensure users are browsing the web with their own accounts. In Hong Kong, citizens have been opposing the installation of smart lamppost around Kowloon Bay area, where protestors pulled down a few of them.
https://telegra.ph/United-States-government-added-8-Chinese-technology-companies-into-the-blacklist-where-they-were-accused-of-violation-in-Xinjian-10-21
#Business #Surveillance
United States government added 8 Chinese technology companies into the blacklist, where they were accused of violation in Xinjiang muslim minority human right.
Face recognition technology has caused a global stir recently; Amazon announced earlier to set up rules to restrict applications for such technology. However, the Chinese ministry of information and technology announced starting from December, they will implement full scale face recognition procedure for mobile internet user; to ensure users are browsing the web with their own accounts. In Hong Kong, citizens have been opposing the installation of smart lamppost around Kowloon Bay area, where protestors pulled down a few of them.
https://telegra.ph/United-States-government-added-8-Chinese-technology-companies-into-the-blacklist-where-they-were-accused-of-violation-in-Xinjian-10-21
#Business #Surveillance
Telegraph
United States government added 8 Chinese technology companies into the blacklist, where they were accused of violation in Xinjiang…
#Business #Surveillance According to Bloomberg on 15 Oct, United States government added 8 Chinese technology companies into the blacklist, where they were accused of violation in Xinjiang muslim miniority human right. The companies listed will be banned…
#Newspaper
Civil Resistance Movement
Government delays announcing details of Chinese New Year Eve Market The government may be cancel it whatever the cost
(1 Nov) Summary: Government delays the announcement of the details regarding the Chinese New Year Eve floral markets biddings. It may introduce restrictive measures to suppress political parties’ stalls in the name of ‘preventing troubles’.
Continue reading:
https://telegra.ph/Government-delays-announcing-details-of-Chinese-New-Year-Eve-Market-The-government-may-be-cancel-it-whatever-the-cost-11-15
Source: Apple Daily
https://hk.news.appledaily.com/local/realtime/article/20191101/60219875
#Business #NewYearEveMarket #FloralMarket
Civil Resistance Movement
Government delays announcing details of Chinese New Year Eve Market The government may be cancel it whatever the cost
(1 Nov) Summary: Government delays the announcement of the details regarding the Chinese New Year Eve floral markets biddings. It may introduce restrictive measures to suppress political parties’ stalls in the name of ‘preventing troubles’.
Continue reading:
https://telegra.ph/Government-delays-announcing-details-of-Chinese-New-Year-Eve-Market-The-government-may-be-cancel-it-whatever-the-cost-11-15
Source: Apple Daily
https://hk.news.appledaily.com/local/realtime/article/20191101/60219875
#Business #NewYearEveMarket #FloralMarket
Telegraph
Government delays announcing details of Chinese New Year Eve Market The government may be cancel it whatever the cost
Unlike its usual practice, the Food Environmental Hygiene Department (FEHD) has not yet released any detail of the seven-day Chinese New Year Eve market that will end on 25 January 2020, the upcoming Chinese New Year. This had caused speculation that the…
Tung Chung “Talk With You” Event: Sharing from the Owner Of Lung Mun Cafe
The neighbours in Tung Chung organised a “Talk with You” event in the evening on January 18 to address any misunderstanding the public may have on the concept of yellow economy and promote its importance. The notorious Cheung Chun Kit, the owner of Lung Mun Cafe, was invited and he spoke about what he would refer as “conscience economic circle”, and “yellow” business are actually those conscientious businesses willing to give back to the society.
He also encouraged “yellow” shop-owners not to donate all their money to charity or organisations that support the arrestees. Instead, they should slowly establish their business empire. In the long run, when their hard work has turned them into the next “Li Ka Shing” (one of the wealthiest tycoons in Hong Kong who has been supportive to the SMEs and neutral to protests), they can provide support and protection to the next generation anytime they wish.
He also mentioned the purpose of setting up “Lun Mun Academy” and the “White Knight Programme” is to help unemployed young people or those who lack funding to start their own business. At the same time, he wishes to promote the “conscience economic circle”. He acknowledged that the food quality of Lung Mun Cafe needs to be improved and also undertook to disclosure the financial report of Lung Mun Cafe so the public can have a better understanding of the cash flow.
A few people at the event also shared their feelings on the “yellow economy”. The event ended peacefully at around 10 pm.
Photo ：Ivan Ng
Edit ： Fade
Source: Flash Media (18-Jan)
http://www.facebook.com/112467260231947/posts/132067854938554/
#YellowEconomy #YellowEconomicCircle #Business
The neighbours in Tung Chung organised a “Talk with You” event in the evening on January 18 to address any misunderstanding the public may have on the concept of yellow economy and promote its importance. The notorious Cheung Chun Kit, the owner of Lung Mun Cafe, was invited and he spoke about what he would refer as “conscience economic circle”, and “yellow” business are actually those conscientious businesses willing to give back to the society.
He also encouraged “yellow” shop-owners not to donate all their money to charity or organisations that support the arrestees. Instead, they should slowly establish their business empire. In the long run, when their hard work has turned them into the next “Li Ka Shing” (one of the wealthiest tycoons in Hong Kong who has been supportive to the SMEs and neutral to protests), they can provide support and protection to the next generation anytime they wish.
He also mentioned the purpose of setting up “Lun Mun Academy” and the “White Knight Programme” is to help unemployed young people or those who lack funding to start their own business. At the same time, he wishes to promote the “conscience economic circle”. He acknowledged that the food quality of Lung Mun Cafe needs to be improved and also undertook to disclosure the financial report of Lung Mun Cafe so the public can have a better understanding of the cash flow.
A few people at the event also shared their feelings on the “yellow economy”. The event ended peacefully at around 10 pm.
Photo ：Ivan Ng
Edit ： Fade
Source: Flash Media (18-Jan)
http://www.facebook.com/112467260231947/posts/132067854938554/
#YellowEconomy #YellowEconomicCircle #Business
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#FirstHand #May16
Mall Remains Peaceful When Civilians Chant Protest Slogans
15:25 | Olympian City
Shops in the mall remained open. Riot police have yet to enter the premise at this point of time.
Citizens were still strolling in the mall, and families were still seen shopping in the mall.
#Shopwithyou #Business
Mall Remains Peaceful When Civilians Chant Protest Slogans
15:25 | Olympian City
Shops in the mall remained open. Riot police have yet to enter the premise at this point of time.
Citizens were still strolling in the mall, and families were still seen shopping in the mall.
#Shopwithyou #Business
China's Great Leap Forward on "Nationwide Manufacturing of Chipsets", thousands of failed businesses
(27 Sep) At a time when [companies] like Huawei and SMIC are sanctioned by the US, many have embarked on a "Nationwide Manufacturing of Chipsets" movement à la "Great Leap Forward". According to the Chinese newspaper 21st Century Business Herald, China has established more than 170,000 semiconductor firms in under two years. Anhui and more than ten other provinces and municipalities have formulated plans for the IC [integrated circuit] industry that will reach 1.42 trillion CNY(approx. 6.17 trillion TWD [210 billion USD]). However, Radio Free Asia reported that while China poured its resources into "chip-making", its underdeveloped technology left thousands of firms crumbling before they could launch. Among them were Wuhan Hongxin, Tacoma (Nanjing), and Shaanxi Kuntech Semiconductor.
Chinese scholars: difficult to effectively implement planned economic practices
A top Chinese financial scholar expressed that the foundational knowledge, technology and creative environment for research and development of integrated circuits in China are lagging. Even with unlimited capital investment, this kind of administrative "control" over resources from the era of economic planning would be difficult to implement effectively. A previous research report from China stated that the overall demand for talent in the IC industry reached 700,000 while the supply was only 300,000.
#China #GreatLeapForward #ChipTechnology #NationwideManufacturing #Failed #Business
Source: Liberty Times News Taiwan
Hong Kong HKLIG Forum
Translated by: Hong Kong Echo
(27 Sep) At a time when [companies] like Huawei and SMIC are sanctioned by the US, many have embarked on a "Nationwide Manufacturing of Chipsets" movement à la "Great Leap Forward". According to the Chinese newspaper 21st Century Business Herald, China has established more than 170,000 semiconductor firms in under two years. Anhui and more than ten other provinces and municipalities have formulated plans for the IC [integrated circuit] industry that will reach 1.42 trillion CNY(approx. 6.17 trillion TWD [210 billion USD]). However, Radio Free Asia reported that while China poured its resources into "chip-making", its underdeveloped technology left thousands of firms crumbling before they could launch. Among them were Wuhan Hongxin, Tacoma (Nanjing), and Shaanxi Kuntech Semiconductor.
Chinese scholars: difficult to effectively implement planned economic practices
A top Chinese financial scholar expressed that the foundational knowledge, technology and creative environment for research and development of integrated circuits in China are lagging. Even with unlimited capital investment, this kind of administrative "control" over resources from the era of economic planning would be difficult to implement effectively. A previous research report from China stated that the overall demand for talent in the IC industry reached 700,000 while the supply was only 300,000.
#China #GreatLeapForward #ChipTechnology #NationwideManufacturing #Failed #Business
Source: Liberty Times News Taiwan
Hong Kong HKLIG Forum
Translated by: Hong Kong Echo
自由時報電子報
中國大躍進「全民造芯」 千家企業成爛尾 - 自由財經
〔編譯楊芙宜／綜合報導〕華為、中芯國際等受到美國制裁之際，中國多地正掀起「大躍進」式的「全民造芯（晶片）」運動。中媒「廿一世紀經濟報導」，中國新設半導體企業不到兩年就超過一．七萬家，安徽等十多省市制定
US House of Representatives Passes Another Bill Against Uyghur Forced Labour, Compels Listed Companies to Disclose Details of Operations Involving Xinijang
The US House of Representatives passed the Uyghur Forced Labor Disclosure Act by 253 votes to 163 on 30 September, requiring publicly traded companies to disclose details of those of their business activities and supply chains involving Xinjiang. This was the second bill addressing force labour in Xinjiang the House had passed in 10 days.
Introduced in March by Democratic representative Jennifer Wexton, the bill seeks to amend the Securities Exchange Act of 1934 to require issuers of securities to make necessary disclosures about activities in the Xinjiang Uyghur Autonomous Region.
Following the bill’s passage, Wexton said on Twitter that Americans deserve to know if the products they use every day, from phones to clothes, are produced by forced labour. She stressed that “[c]omplicity in human rights abuses will not be tolerated.” Quoting the 2019 annual report on China by the cross-party Congressional Executive Committee on China, the bill notes numerous reports of the Chinese government cracking down on ethnic minorities and holding them in forced labour in the Xinjiang Uyghur Autonomous Region.
Source: Apple Daily #Oct01
#US #Xinjiang #China #Uyghur #House #Congress #JenniferWexton #ForcedLabour #Business #Securities
https://bit.ly/34FaL2d
The US House of Representatives passed the Uyghur Forced Labor Disclosure Act by 253 votes to 163 on 30 September, requiring publicly traded companies to disclose details of those of their business activities and supply chains involving Xinjiang. This was the second bill addressing force labour in Xinjiang the House had passed in 10 days.
Introduced in March by Democratic representative Jennifer Wexton, the bill seeks to amend the Securities Exchange Act of 1934 to require issuers of securities to make necessary disclosures about activities in the Xinjiang Uyghur Autonomous Region.
Following the bill’s passage, Wexton said on Twitter that Americans deserve to know if the products they use every day, from phones to clothes, are produced by forced labour. She stressed that “[c]omplicity in human rights abuses will not be tolerated.” Quoting the 2019 annual report on China by the cross-party Congressional Executive Committee on China, the bill notes numerous reports of the Chinese government cracking down on ethnic minorities and holding them in forced labour in the Xinjiang Uyghur Autonomous Region.
Source: Apple Daily #Oct01
#US #Xinjiang #China #Uyghur #House #Congress #JenniferWexton #ForcedLabour #Business #Securities
https://bit.ly/34FaL2d
US Media: Senior German Official Stopped the Publication of an Internal Report on Chinese Influence due to Worries of Possible Damage to German-Chinese Relations
American media company, Axios exclusively reported that a senior German official suppressed the publishing of an intelligence report document as officials worry that it would possibly damage the economic relationship between Germany and China. The report described China’s expansion of influence in Germany.
The exclusive report quoted two former US intelligence officials, they stated that this report is highly-confidential report has been completed since 2018. The content of the report examines China’s intention to influence Germany government, their community and business market. However, a senior German official stopped the report circulating within the German government. It was reported that only the German Chancellor Markel and several officials had read the report. When Axios asked the spokesperson of the German Federal Government, the spokesperson said that the German government would not comment on intelligence discovery or the activity of an intelligence company, as a matter of principle. The Federal Intelligence Service in Germany had also not commented on it yet.
The German policies towards China have been affected by economic factors, and sometimes, this would influence the perspective of the German government on the human right and national security issues. A former German Ambassador in China Volker Stanzel said in an interview that “Germany depends on exports to a high degree, and that gives the business a large influence. Business representatives talk to the government and are used to being listened to. The Chinese Communist Party succeeded in globalising its economy because it was able to join itself to foreign business interests.”
Businesses tend to discourage their local government from implementing policies that would harm China’s economic relations. However, Beijing authorities increasingly conflict commercial trade with politics, including threats in order to implement punitive economic measures on companies which criticised the human rights in China. As a result, Peter Altmaier, a German Businessman and the Economy Minister, is incentivised to fade out the seriousness of the human rights violation and security challenges in China.
#China #Germany #Axios #Economy #GermanChinaRelation #Business #Export #Politics
Source: Apple Daily #Oct07
https://hk.appledaily.com/international/20201007/XG2SEAX2FZCTDDDU6ODB6A3SMA/
Axios #Oct06
https://www.axios.com/exclusive-top-german-official-hushed-up-report-on-chinas-influence-8c6aeef3-0f71-405f-a902-a215399f2068.html
American media company, Axios exclusively reported that a senior German official suppressed the publishing of an intelligence report document as officials worry that it would possibly damage the economic relationship between Germany and China. The report described China’s expansion of influence in Germany.
The exclusive report quoted two former US intelligence officials, they stated that this report is highly-confidential report has been completed since 2018. The content of the report examines China’s intention to influence Germany government, their community and business market. However, a senior German official stopped the report circulating within the German government. It was reported that only the German Chancellor Markel and several officials had read the report. When Axios asked the spokesperson of the German Federal Government, the spokesperson said that the German government would not comment on intelligence discovery or the activity of an intelligence company, as a matter of principle. The Federal Intelligence Service in Germany had also not commented on it yet.
The German policies towards China have been affected by economic factors, and sometimes, this would influence the perspective of the German government on the human right and national security issues. A former German Ambassador in China Volker Stanzel said in an interview that “Germany depends on exports to a high degree, and that gives the business a large influence. Business representatives talk to the government and are used to being listened to. The Chinese Communist Party succeeded in globalising its economy because it was able to join itself to foreign business interests.”
Businesses tend to discourage their local government from implementing policies that would harm China’s economic relations. However, Beijing authorities increasingly conflict commercial trade with politics, including threats in order to implement punitive economic measures on companies which criticised the human rights in China. As a result, Peter Altmaier, a German Businessman and the Economy Minister, is incentivised to fade out the seriousness of the human rights violation and security challenges in China.
#China #Germany #Axios #Economy #GermanChinaRelation #Business #Export #Politics
Source: Apple Daily #Oct07
https://hk.appledaily.com/international/20201007/XG2SEAX2FZCTDDDU6ODB6A3SMA/
Axios #Oct06
https://www.axios.com/exclusive-top-german-official-hushed-up-report-on-chinas-influence-8c6aeef3-0f71-405f-a902-a215399f2068.html
Chinese-Owned Businesses in Australia Squeezed on Both Sides as Tensions Take Toll
Three years ago, the Kilikanoon winery in Australia’s picturesque Clare Valley appeared to gain an export advantage when it was bought by Yantai Changyu Pioneer Wine Co., China’s largest wine producer.
This year, it hasn’t sold a single bottle to China.
A worsening diplomatic and trade dispute has choked off exports of Australian wine to China, including the 350,000 liters of premium Shiraz and other varietals that Kilikanoon Wines Pty. Ltd. had been shipping to the country each year. China, angered by Australia’s call last year for an international investigation into the origins of the pandemic, has imposed tariffs and restrictions on wine and other commodities such as barley, coal and even lobster.
Source: WSJ #Jun22
https://t.co/TZ8zcPLhpL
#Australia #Business #China #Wine #Barley #Coal #Lobster
Three years ago, the Kilikanoon winery in Australia’s picturesque Clare Valley appeared to gain an export advantage when it was bought by Yantai Changyu Pioneer Wine Co., China’s largest wine producer.
This year, it hasn’t sold a single bottle to China.
A worsening diplomatic and trade dispute has choked off exports of Australian wine to China, including the 350,000 liters of premium Shiraz and other varietals that Kilikanoon Wines Pty. Ltd. had been shipping to the country each year. China, angered by Australia’s call last year for an international investigation into the origins of the pandemic, has imposed tariffs and restrictions on wine and other commodities such as barley, coal and even lobster.
Source: WSJ #Jun22
https://t.co/TZ8zcPLhpL
#Australia #Business #China #Wine #Barley #Coal #Lobster
U.S. Warns Businesses Over Rising Risks in Hong Kong Under China Crackdown
The Biden administration is warning American businesses about the increasing risks of operating in Hong Kong as China’s tightening grip on the city causes business conditions to deteriorate.
In an advisory issued Friday, the Biden administration cautions businesses and individuals working for them that they are subject to a restrictive national-security law that Beijing imposed on Hong Kong a year ago. The advisory cites the risks of electronic surveillance without warrants and of being compelled to surrender corporate and customer data to the government.
Source: WSJ #Jul16
https://t.co/kTon5TwP3g
#US #HongKong #China #Business #Risk
The Biden administration is warning American businesses about the increasing risks of operating in Hong Kong as China’s tightening grip on the city causes business conditions to deteriorate.
In an advisory issued Friday, the Biden administration cautions businesses and individuals working for them that they are subject to a restrictive national-security law that Beijing imposed on Hong Kong a year ago. The advisory cites the risks of electronic surveillance without warrants and of being compelled to surrender corporate and customer data to the government.
Source: WSJ #Jul16
https://t.co/kTon5TwP3g
#US #HongKong #China #Business #Risk