US reducing reliance on China forces Hong Kong exporters to sever business ties
North Eastern Asia
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US reducing reliance on China forces Hong Kong exporters to sever some local, mainland ties over ‘unwritten rules’, boycott threats: industry leaders
- Hong Kong firms in Vietnam say US asking them to register their company in Singapore, and nominate representative from city state
- But some brush off such requests, as well as demands to cut use of raw materials from mainland China, saying impact of decoupling still limited
A push by the US to drastically reduce its reliance on mainland China has forced Hong Kong exporters to sever some ties at home and over the border, with firms also cutting down on imports of raw materials due to threats of boycotts, industry leaders have told the Post.
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