Chinese equities underwhelmed last week with the intensifying U.S.-China political rhetoric culminating into somewhat punitive actions on Chinese companies and government officials. Beijing subsequently retaliated both in form and warning in a tit-for-tat manner.
Following the imposition of sanctions by the U.S. on eleven Chinese officials for their role in the passing of the national security law in Hong Kong in June, it was China's turn on Monday to announce sanctions on an equal number of U.S. politicians and heads of organisations deemed " interfering in Hong Kong affairs and interfering in