News Snapshot:
China imposes sanctions on former US Commerce Secretary Ross, others China has hit US-based institutions and individuals, including former Commerce Secretary Wilbur Ross, with retaliatory sanctions following recent American sanctions on Chinese officials in Hong Kong. According to Press TV, Beijing’s punitive measure against Washington on Friday came just ahead a planned visit to China by US Deputy Secretary of State Wendy Sherman amid intensifying tensions between the world’s top economic giants. Explaining the tit-for-tat move, China’s Foreign Ministry said, "The US side concocted the so-called Hong Kong business advisory, baselessly smeared Hong Kong's commercial environment, and illegally sanctioned Chinese...
