China Approves Hong Kong Security Legislation, Defying Trump

The transcript discusses the approval of a national security law by China's National People's Congress, bypassing Hong Kong's legislature. The law aims to ban activities like sedition and terrorism. The US may retaliate with visa restrictions and financial sanctions, potentially revoking Hong Kong's special trading status. This could impact both US and Hong Kong economies. China threatens countermeasures, including targeting American companies. State media emphasize the law's importance for Hong Kong's stability, but international concerns persist. Despite reduced reliance on Hong Kong, it remains a crucial business hub due to its judicial independence.

What impact could the revocation of Hong Kong's special trading status have on the US economy?

In what ways has China attempted to justify the national security law?