🚢Shipping companies are moving their operations out of Hong Kong due to rising tensions between the United States and China, Reuters reports. Businesses fear that in the event of a conflict their vessels could be requisitioned by Chinese authorities or face US sanctions
☝️Washington has already warned about the risks of doing business in Hong Kong and has also proposed higher port fees for Chinese vessels
Hong Kong, which has been a key shipping hub for more than a century, is losing its appeal due to political risks and Beijing's increased control over the region.
