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Economic revitalization minister Yasutoshi Nishimura said friction between the U.S. and China over Hong Kong poses a risk to the global economy if the city ceases to be an international financial hub.

“I am quite concerned about the Hong Kong situation,” Nishimura said Sunday on public broadcaster NHK. If the city loses its function as a key international financial market, that would be “very negative” to the global economy, he said.

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