Goods made in Hong Kong for export to the
United States will need to be labelled as made in China after
Sept. 25, according to a U.S. government notice posted last
week.
When asked about the development by CNBC, Yau referred to World
Trade Organization rules which state that Hong Kong is entitled
to use its own labeling for its exports.
He also said that Hong Kong's growth slowed to an
"unprecedented" 9% decline in the second quarter.
Yau expressed concerns over escalating U.S.-China tensions,
saying that they were distracting from fighting the coronavirus
pandemic.
"As we are fighting the pandemic, I think the last thing one
would want is a further distraction that would disturb or
disrupt the trade," he told CNBC https://cnb.cx/3iQdI5c.
Tensions between Washington and Beijing have been rising over
the handling of the coronavirus outbreak, trade war tariffs,
China's imposition of its national security law in Hong Kong and
the subsequent U.S. decision to end the former British colony's
special status under United States law.
(Reporting by Kanishka Singh in Bengaluru; Editing by Jacqueline
Wong)
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