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US: /CHINA: It is also worth recapping the official response to Friday's moves
against Huawei from the U.S.: Per Xinhua, "China firmly opposes the latest U.S.
export controls targeting Chinese tech giant Huawei, said spokesperson for the
Ministry of Commerce Sunday. The U.S. Department of Commerce announced Friday
that it will impose new restrictions on Huawei's acquisition of semiconductors.
The United States has used state power to persistently suppress and contain a
specific foreign firm in the name of national security and abused export
controls. It is a violation of market principles and fair competition, a
disregard for basic international economic and trade rules, and a severe threat
to the security of global industrial and supply chains, according to the
spokesperson. "The move not only undermines Chinese and U.S. firms' interests,
but also hurts the interests of enterprises from other countries," the
spokesperson said. The Chinese side urges the U.S. side to immediately cease
such actions and create conditions for normal trade and cooperation between
enterprises, the spokesperson said, adding that China will take any necessary
measures to defend Chinese firms' legitimate rights and interests.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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