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US Measures Undermine Fair Competition - MOFCOM

CHINA PRESS

The U.S.'s recent action to restrict sensitive technology investment in China deviates from the market economy and fair competition principles, according to China’s Ministry of Commerce (MOFCOM). In an online statement, the ministry said China was concerned the actions would disrupt global industrial and supply chain security and reserved the right to take countermeasures. The Global Times said China's industrial development depends less on the U.S. than before, and therefore expects little real impact on Chinese companies. (Source: MOFCOM & Global Times)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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