LONDON (Reuters) - The United Kingdom warned Beijing on Tuesday to step back from the brink over an “authoritarian” national security law in Hong Kong that it said risked destroying one of the jewels of Asia’s economy while ruining the reputation of China.
“The sad reality is that if China continues down this track, it will be strangling what has long been the jewel in the economic crown,” Raab said, when asked about the future of the Hong Kong dollar peg.
If it goes ahead, Raab said the United Kingdom will form an alliance of countries to resist China, whose $14 trillion economy dwarfs every Western economy apart from the United States which has a $21.4 trillion economy.
Raab said the United Kingdom could not coerce China but would seek to persuade it to change course.