China Firmly Opposes U.S. Section 301 Investigation

China firmly opposes the Section 301 investigation launched by the U.S targeting China's maritime, logistics and shipbuilding industries, China's commerce ministry said late Wednesday on its website. The petition misinterprets normal trade and investment activities as damaging to U.S. national security and corporate interests, and blames China for U.S. industrial issues, lacking factual basis and running counter to common sense economics, the statement said. Beijing urged the U.S. to immediately cease its erroneous practices, noting it will follow the progress of the investigation closely and take all necessary measures to defend its rights and interests.