MNI POLICY: China Urges US To Halt Sanctions Against China Biz

By Iris Ouyang

     BEIJING (MNI) - China's Ministry of Commerce restated Thursday that

Washington should stop trying to impose extended jurisdiction to supress China

companies.

     Here are some highlights from the MofCom press briefing:

     -China is against any measure by a government to, at will, impose sanctions

on any Chinese company or individual, urging the U.S. to stop its actions and

create conditions for normal trade between the two countries, Gao Feng, ministry

spokesperson said.

     -China will continue to further deepen reforms and the best way for China

companies to face down U.S. 'bullying' is to grow stronger, Gao said.

     -Gao criticized Washington for using government influence to suppress

Chinese companies business dealings with U.S. firs, specifically pointing to

Huawei. 

     -The U.S. Department of Homeland Security's warning of Chinese-made drone's

information security risks aims to suppress Chinese companies without any

ground, Gao said.

     -China hasn't imposed extra restrictions on imports of American pork amid

escalating of trade tensions, Gao said, noting that any reduction of pork

purchases from the U.S. are business choices.

     -China hasn't imposed extra restrictions on the export of rare earths, Gao

said. "China currently manages exports of rare earths through issuing licenses

without any restriction of qualification or quantity," adding that rules hadn't

changed.

     -Gao shrugged of U.S. warnings of risks in doing businesses in China,

noting ongoing improvements to the business environment and protection of legal

rights for foreign investors.

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@marketnews.com

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