U.S. Weighs Limited Options to Punish China Over Hong Kong

WASHINGTON—As U.S. officials weigh sanctioning China above its recent moves in Hong Kong, the city’s position as a world-wide economic middle restrictions the menu of successful levers available to Washington.

Important actions versus Hong Kong’s economic procedure threat hitting U.S., Western and Hong Kong firms and individuals, officials and analysts say. Additional qualified sanctions versus Chinese officials and trade measures versus products made in Hong Kong would have small impact on Beijing’s integration of the city into the mainland’s…