US secretary of state chides UK bank for backing Beijing move to end Hong Kong’s autonomy
The US secretary of state, Mike Pompeo, has criticised the British bank HSBC for supporting China’s move to end Hong Kong’s autonomy, calling it a “corporate kowtow”.
Pompeo said the US was ready to assist Britain with whatever it needed after Beijing reportedly threatened to punish HSBC and break its commitments to build nuclear power plants in the country if the UK did not allow the Chinese technology firm Huawei to build its 5G network.
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