Trump on Friday pledged to "take action to revoke Hong Kong's preferential treatment as a separate customs and travel territory", and to impose sanctions on unspecified individuals over Beijing's new laws on the Asian financial centre.
When Trump halted funding to the World Health Organization last month, two Western diplomats said the USA suspension was more harmful politically to the World Health Organization than to the agency's current programs, which are funded for now.
The nationalist tabloid, which is owned by the CCP's official People's Daily, said in an editorial shortly after the United States leader's press conference that Mr Trump was trying to distract Americans from his "incompetence" in dealing with the coronavirus pandemic.
"I expect him to take some major steps that would show China he is serious, but not to change every United States law that applies to Hong Kong", he said.
"China has total control over the World Health Organization despite only paying $40 million per year compared to what the United States has been paying which is approximately $450 million a year", he said. That very principle came under challenge with an extradition law past year that would have allowed extradition from Hong Kong to mainland China.
As violence broke out in the USA over the weekend, Chinese foreign ministry spokeswoman Hua Chunying also took aim at Washington on Saturday.
At a time when China is facing global pressure and indignation over its mismanagement of the initial stages of coronavirus, tightening screws on Hong Kong gives Xi Jinping a nationalistic boost and potentially rallies the nation around the flag.
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Trump did not name any sanctions targets but said the announcement would "affect the full range of agreements we have with Hong Kong", including the US-Hong Kong extradition treaty to export controls on dual-use technologies and more "with few exceptions".
Trump said the US would be "redirecting" the money to "other worldwide and deserving urgent global public health needs", without providing specifics.
"China claims it is protecting national security, but the truth is Hong Kong was secure and prosperous as a free society", Trump said. While 1C2S is certain to remain a favoured phrase of the establishment, the principle itself - and the rights and freedoms it was meant to guarantee - seem entirely dead, spelling the end of an era for Hong Kong.
China's Global Times, published by the People's Daily, the official newspaper of China's ruling Communist Party, said Trump's decision was a "recklessly arbitrary" step. U.N. Secretary-General Antonio Guterres said last month that the WHO is "absolutely critical to the world's efforts to win the war against COVID-19".
Under China's "one country, two systems" policy, Hong Kong was promised it would enjoy the rights and freedoms of a semiautonomous region for 50 years following the former British colony's return to Chinese rule in 1997.
It was the "firm determination of all Chinese people" to oppose interference in Hong Kong affairs by any external forces, the paper said.
A spokesman for the US consulate in Hong Kong said this was part of a global program that "reinforces the USA government's presence in Hong Kong" through reinvestment in other areas.
"I may encounter other problems such as racial discrimination", said Lo, who has studied in NY and worked in Beijing.