Washington DC: The United States has imposed visa and economic sanctions on 14 top Chinese officials. The US targeted the deputy chairperson of the Standing Committee of the Chinese National People’s Congress. And imposing sanctions on other officials for their role in disqualifying opposition lawmakers in Hong Kong.
Analysts say the tough US action against China is in fact part of President Trump’s efforts to add to the difficulties for President-elect Joe Biden. The Trump administration has previously imposed sanctions on Hong Kong’s chief executive and other officials. And the US has recently imposed new visa restrictions on Chinese Communist Party officials.
Two days ago, the United States announced the termination of several cultural exchange programs with China. But this year the two countries’ diplomatic relations have deteriorated due to trade disputes. As well as Taiwan and the situation in Hong Kong. The 14 people who have been banned and their families will be banned from traveling to the US. Their assets in the United States will be frozen and any American person or company will be barred from dealing with them.
According to a foreign news agency, the move by the United States has led to a downward trend in Asian stock markets. World markets are under further pressure from tensions between the two economic powers.
