China announced sanctions against U.S. Lawmakers and NGO leaders in retaliation for the U.S. Actions regarding Hong Kong. Guo Jiakun, a spokesperson for China’s foreign ministry, emphasized this response is a direct consequence of U.S. Penalties.
Simultaneously, the People’s Bank of China maintained its loan prime rates at 3.1% and 3.6%, reflecting cautious economic management amid rising trade tensions. Asian markets experienced mixed outcomes, indicating investors’ uncertain sentiment regarding the geopolitical situation.
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