China has passed a controversial security law in Hong Kong
The law is expected to take effect in September
The agency notes that US ownership – land and several estates in the area of Shuson Hill in the southern part of the island of Hong Kong – is estimated at $ 1.3 billion, said the representative of the US State Department.
The State Department acquired the property in Hong Kong in 1948, the agency added.
The United States has revoked Hong Kong’s special status
Hours before China’s parliament holds a key vote
Earlier Washington has criticized the adoption by the National People’s Congress (China’s highest legislative body) on a resolution on the development of a national security law in Hong Kong.
The US authorities accepted this as a violation of the autonomous status of this territory and promised to respond with sanctions. On Friday, US President Donald Trump said that in connection with Beijing’s actions the US has begun the process of revoking all the benefits enjoyed by Hong Kong.
Hong Kong warns US that abolition of special status is “double-edged sword”
They remind that they are the largest trade partner of the USA with a surplus of $ 297 billion.
Foreign Ministry spokesman Zhao Lijiang said earlier that the Chinese government would take all necessary measures to counter the United States if the United States continued to interfere in the internal affairs of China and its special administrative region.