China accuses US using 'national security' as excuse to act against Chinese firms
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The Business Standard
THURSDAY, MAY 19, 2022
THURSDAY, MAY 19, 2022
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China accuses US using 'national security' as excuse to act against Chinese firms

World+Biz

Reuters
01 September, 2020, 04:45 pm
Last modified: 01 September, 2020, 04:46 pm

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China accuses US using 'national security' as excuse to act against Chinese firms

"I don't think this kind of behaviour will be of any benefit to the US", China’s Foreign Ministry spokeswoman Hua Chunying told reporters at a daily briefing on Tuesday

Reuters
01 September, 2020, 04:45 pm
Last modified: 01 September, 2020, 04:46 pm
Chinese and US flags flutter near The Bund, before US trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019/ Reuters
Chinese and US flags flutter near The Bund, before US trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019/ Reuters

China accused the United States on Tuesday of using "national security" concerns as an excuse to act against Chinese firms, in a response that followed days after the Pentagon listed 11 more Chinese firms as being owned or controlled by the military.

"I don't think this kind of behaviour will be of any benefit to the US", China's Foreign Ministry spokeswoman Hua Chunying told reporters at a daily briefing on Tuesday.

The US has "repeatedly abused the concept of national security, misused national power, and oppressed particular Chinese companies," she said.

Chinese companies abide by regulations and market principles she added.

The Pentagon on Friday listed 11 companies, including construction giant China Communications Construction Co, China Three Gorges Corporation Limited, Sinochem Group Co Ltd and China Spacesat , as havinglinks with the Chinese military, laying the groundwork for potential sanctions.

Earlier in the year the US Department of Defense (DOD) document listed 20 companies operating in the United States that Washington alleges are backed by the Chinese military.

The Pentagon's designations do not trigger penalties, but a 1999 law that mandates the compilation of the list says the president may impose sanctions that could include blocking all property of the listed parties.

US-China Relations

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