Hong Kong (CNN Business) The US government is preparing to warn American companies about the risks of doing business in Hong Kong. Biden described the announcement as "more of an advisory as to what may happen with Hong Kong," without divulging more details, and experts believe it won't go much beyond flagging the rising risks. This won't be the first time that Washington is urging caution about Hong Kong, which has undergone significant change since pro-democracy, anti-government protests roiled the city in 2019. China cracked down on Hong Kong last year by implementing a sweeping national security law that signaled Beijing is taking ever tighter control. The law raised questions about the city's future as an international business center.

Source: CNN July 16, 2021 08:37 UTC