China to protect foreign firms’ rights despite US crackdown on technology industry
Beijing
will continue to protect the legitimate rights and interests of all foreign
companies in the country despite the US crackdown on Chinese technology
enterprises such as Huawei, a Chinese official said on Thursday, May 30.
When
asked about whether China will impose certain restrictions on US technology
giant Apple Inc. during a regular press conference, Gao Feng, spokesperson for
the Ministry of Commerce, said that all foreign companies’ legitimate rights
and interests will be protected by the Chinese government.
“We will
unswervingly deepen reform, expand openness, and strive to create a stable,
transparent, fair, and predictable first-class business environment globally
for all types of enterprises,” Gao said.
The
comments came amid escalating trade tensions between the world’s two largest
economies, and the US Commerce Department’s decision to add Huawei - the
largest telecoms equipment provider and second-largest smartphone vendor in the
world - to the Entity List, which identifies organizations and individuals
considered to be a significant risk to US security and foreign policy.
A group
of US high-technology companies, including Google, Intel and Qualcomm, recently
said they would move to cut off their supplies and services to Huawei, casting
a shadow over the global supply chain and affecting the future of technology.
Trade
talks between China and the US are on hold. Talking about the status of the
trade talks, Gao took a firm stance on Thursday, stressing that China will not
compromise on its principles for a trade deal and said that “China bears no
blame for a delay of the trade negotiations between the two sides. It’s the
fluctuating attitude of the US that hinders the good atmosphere for trade
negotiations.”
He
further noted that the progress of China-US trade talks depends to a large
extent on the attitude and sincerity of the US side as consultations are only
possible on the basis of equal treatment and mutual respect.
Source:Global Times
Gao Feng, spokesperson of China’s
Commerce Ministry, holds a press conference on Thursday, May 30 in Beijing. (Photo
by Shen Weiduo from Global Times)
China to protect foreign firms’ rights despite US crackdown on technology industry
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