US-China Business Council President on Tensions Over Hong Kong

The transcript discusses the implications of the National Security Law in Hong Kong, focusing on the reactions from the US and China. It highlights concerns about the impact on businesses, legal standards, and diplomatic relations. The potential benefits of the law, such as reducing protests, are weighed against the uncertainty it brings. The US administration's response, including possible sanctions, is considered, along with the challenges of maintaining diplomatic communication amid COVID-19. The Chinese Embassy's stance and potential countermeasures are also explored.

What is the main concern regarding the new security law being considered by the National People's Congress?

• The lack of clarity in the legislation

• The law's impact on tourism

• The effect on local cuisine

• The increase in taxes

How did the Chinese Embassy react to the security legislation?

• They announced a new trade deal

• They claimed the legislation is very narrow

• They ignored the situation

• They supported the protests

What is a potential positive outcome of the national security law according to some Americans in Hong Kong?

• It will improve public transport

• It will reduce taxes

• It might safeguard the rule of law

• It could increase tourism

What dilemma does the Trump administration face regarding actions on Hong Kong?

• They have no interest in Hong Kong

• Any action might harm Hong Kong residents

• They plan to close all embassies

• They want to increase tariffs

What is a major concern for foreign companies regarding the new security law?

• Increased competition

• Lack of skilled labor

• Arbitrary retaliatory actions

• Higher import duties