RT-Banner-2020C.gif

China Daily

News> Hong Kong> Content
Monday, August 10, 2020, 09:02
Ex-LegCo head: US sanctions driven by fear
By Li Bingcun in Hong Kong
Monday, August 10, 2020, 09:02 By Li Bingcun in Hong Kong


The sanctions that the United States have imposed on Chinese officials and companies only shows the country’s fear of fair competition, former Hong Kong Legislative Council president Rita Fan Hsu Lai-tai told China Daily on Sunday.

In a one-on-one interview, Fan said the sanctions rhetoric does not show strength, but weakness — the weakness of fear about needing to compete fairly with China in the global market.

The US has intensified tensions with China this year by successively imposing operation restrictions on Chinese tech giants Huawei, TikTok and Tencent.

In its latest such move, Washington on Friday imposed economic sanctions on 11 mainland and Hong Kong officials in response to the promulgation of the National Security Law for Hong Kong. The officials include Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor and the head of the central government’s Liaison Office in the city, Luo Huining.

ALSO READ: HKSAR govt says so-called US sanctions 'shameless, despicable'

Fan said that the crisis-ridden US can barely cope with its own affairs. The US, which is the country hardest-hit by the global COVID-19 pandemic, has seen around 5 million US people infected and more than 160,000 coronavirus-related deaths.

The US this summer also has seen its greatest social unrest in 50 years, with nationwide anti-racism protests that even spread to some European cities.

To shift the focus and pave way for the upcoming presidential election in November, the Trump administration will try its best to blame China, the second-largest economy after the US, Fan said.

“Whether it is legal or illegal, moral or immoral, I think they will not consider it anymore. They just want to push down China,” Fan said.

However, she believes such attempts will not succeed in the long run, given China’s full-fledged economic strengths such as its giant domestic market and extensive business connections.

“Despite the obstructions, we will carry on and work twice as hard to come up with new advancements in technology, new efficiency in manufacturing, basically a new China — full of people with determination, courage and the ability to build up more assets for our country. And also, we will share these assets with those countries who are willing to cooperate with us,” she said.

READ MORE: Hong Kong ‘will continue to thrive’

Fan acknowledged that the political tension will inevitably hurt Chinese companies, but Fan is confident that they will be able to find a way out.

“After all, history has shown that when Chinese people put their minds together, we can create miracles,” she said.

“So let us not lose heart,  and go on, and the pressure that the US administration puts on China will become a move to reinforce the determination and effort,” she said.

bingcun@chinadailyhk.com


Share this story

CHINA DAILY
HONG KONG NEWS
OPEN
Please click in the upper right corner to open it in your browser !