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Biden Says U.S. to Warn Business on Deteriorating Hong Kong

  • ‘Chinese government is not keeping its commitment,’ Biden says
  • Banks and other businesses continue to expand in the territory
Bloomberg business news
Biden Says China Not Keeping Commitment on Hong Kong
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President Joe Biden said his administration will issue an advisory cautioning U.S. companies about the risks of doing business in Hong Kong because of “what may happen” as China continues to tighten its control over the territory.

“The situation in Hong Kong is deteriorating and the Chinese government is not keeping its commitment that it made, how it would deal with Hong Kong,” Biden said at a White House news conference alongside German Chancellor Angela Merkel on Thursday.