Markets

China Threatens Countermeasures If US House Approves Hong Kong Bill

9:59PM ET 10/15/2019 MT Newswires
China's Ministry of Foreign Affairs issued a statement Wednesday morning saying that the country would take measures if the US House passes the Hong Kong Human Rights and Democracy Act.

The statement added that if the bill is passed, it will cause "serious" damage to Sino-US relations and the interests of the US. Measures to protect Beijing's sovereignty in Hong Kong will be taken as well.

The bill was unanimously passed by the US House Tuesday. The bill will be voted on in the Senate where it is expected to pass, according to a Wednesday report on the South China Morning Post.

Introduced in June, the bill will have the US "assess whether political developments in Hong Kong justify changing Hong Kong's unique treatment under U.S. law." It also allows the US to sanction officials found to have undermined human rights in Hong Kong.