x

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

 

Hot this week

FCT Students Shine at China–Nigeria Cultural Festival

By Joyce Remi-BabayejuStudents from the Federal Capital Territory,...

Kogi Assembly Suspends Ibaji Council Chairman Over Alleged Misconduct

By Noah Ocheni, LokojaThe Kogi State House of Assembly...

NPA Denies Alleged N57bn Contract Diversion, Says Award Letters Are Fake

By Achadu Gabriel, KadunaThe Nigerian Ports Authority (NPA) has...

Nigeria’s Silent Epidemic: The Fast-Growing Crisis of Youth Drug Abuse

Nadia Binta AhmedNigeria is facing an alarming social...

TCN Commends NSCDC for Arresting Three Suspected Vandals at Osogbo Transmission Substation

By Jabiru HassanThe Transmission Company of Nigeria (TCN) has...

Gunmen Kidnap Kaduna Parish Priest, Kill One, Abduct Several Others

By Achadu Gabriel, KadunaGunmen suspected to be bandits have...

Kano Assembly Set to Receive Governor Yusuf’s 2026 Budget Proposal

By Jabiru HassanThe Kano State House of Assembly has...

VP Shettima Welcomes Former Kogi Governor Wada, SDP’s Abenemi, Others Into APC

By Noah Ocheni, LokojaVice President Kashim Shettima on Monday...

Related Articles

Popular Categories

spot_imgspot_img