Could the United States break Hong Kong’s peg to the dollar? The | China


In recent weeks, the United States has announced a series of economic policies aimed at China.

This includes imposing sanctions on Chinese officials for violations of the human rights of Uighur Muslims, ending preferential trade treatment for Hong Kong, and passing the Hong Kong Autonomy Law, which allows for new sanctions.

It comes amid mounting tensions between China, the United States and other world powers, as continued trade disputes and recent Beijing territorial movements erode relations.

We discussed whether the US government will go further: it will restrict Hong Kong’s ability to use dollars, which would undermine the dollar’s fixation on autonomous territory and damage its financial operations.

Also in Counting the cost: We examine Turkey’s military spending and the cost of wars in Libya, Syria, and Iraq. Also, how is Russia’s economy doing amid low oil prices and the pandemic? We see Vladimir Putin’s plans for the future.

Source: Al Jazeera

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