News Snapshot:
Barely 48 hours before the arrival in China of one of US President Joe Biden’s most-trusted diplomats, Beijing on Friday announced its decision to impose counter-sanctions on seven US citizens and entities, including former US secretary of commerce Wilbur Ross, in retaliation against Washington’s earlier sanctions on Chinese officials over crackdowns in Hong Kong. Biden’s administration announced sanctions on seven Chinese officials on Friday last week and warned US businesses of the “growing risks” posed by Beijing and Hong Kong. It is not the first time Washington and Beijing have imposed mutual sanctions, but the latest round marks the first...
