Saturday, November 27, 2021

NEWS

China rejects more US obstacles to domestic companies

China rejects more US obstacles to domestic companies

Beijing, Jun 4 (Prensa Latina) The Chinese Government on Friday rejected the United States' decision to extend a ban on its companies to do business with 59 Chinese companies linked to the military and intelligence spheres.
Share on facebook
Share on twitter
Share on whatsapp
Share on telegram
Share on email

The Chinese Foreign Ministry denounced the political background of this measure and warned about its negative impact on market rules and the interests of investors around the world.

China also deplored that Washington abuses the concept of national security and its power to harass Chinese firms, after demanding that it revoke the measure and ratify its willingness to protect the rights of its business community.

The veto will prevent investments by US companies in 59 Chinese firms, including Huawei and three major telecommunications companies, because they allegedly support Beijing’s intelligence, military and security apparatuses.

This is an extension of the executive order signed in November 2020 by then President Donald Trump and initially directed against 48 firms from China.

The US Department of Treasury will now be responsible for implementing a measure, which renews tensions in bilateral ties, damaged by the maneuvers undertaken by the Trump administration.

jg/llp/mem/ymr

RELATED
ÚLTIMO MINUTO
name of Prensa Latina

| Text SMS to 8100 with content PL
Receive 4 mesages x 25 cup

© 2016-2021 Prensa Latina
Latin American News Agency

Radio – Publications  – Videos – News by the minute.
All Rigts Reserved.

St. E No 454 , Vedado,  Habana, Cuba.
Phones: (+53) 7 838 3496, (+53) 7 838 3497, (+53) 7 838 3498, (+53) 7 838 3499
Prensa Latina © 2021 .

Web Site developed by IT Division  Prensa Latina.