US warns of 'growing risks' for business in blow to Hong Kong

The United States on Friday warned its business community of growing risks of operating in Hong Kong due to China's clampdown, as an increasing number of Western companies consider abandoning the historic financial hub. The United States also imposed sanctions on seven more Chinese officials in Hong Kong as it vowed there would be a price for Beijing's imposition of a draconian security law a year ago. "Beijing has chipped away at Hong Kong's reputation of accountable, transparent governance and respect for individual freedoms and has broken its promise to leave Hong Kong's high degree of autonomy unchanged for 50…