China urges US to stop Huawei’s “unreasonable crackdown” | New

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The Chinese Foreign Ministry said on Saturday that the United States should stop the “unreasonable crackdown” on Chinese companies like Huawei, and a Chinese newspaper said the government was ready to fight back against Washington.

Friday, Trump administration decided to block global chip supply from blacklisted telecommunications equipment company Huawei Technologies, raising fears of Chinese retaliation and hammering shares in US chipmaking equipment producers .

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China will firmly defend the legal rights of its companies, the Foreign Ministry said in a statement in response to questions from Reuters on whether Beijing would retaliate against the United States.

Chinese newspaper Global Times quoted a source close to the Chinese government as saying on Saturday that Beijing was ready to take a series of countermeasures against the United States, such as putting American companies on a “list of unreliable entities” and imposing restrictions on US companies such as Apple Inc, Cisco Systems Inc and Qualcomm Inc.

The newspaper, published by the People’s Daily, the official newspaper of the ruling Communist Party in China, said the source also mentioned the halt to the purchase of Boeing Co. aircraft.

“China will take strong countermeasures to protect its own legitimate rights” if the United States moves forward with a plan to change the rules and prevent essential chip suppliers, including Taiwan-based TSMC, to sell chips to Huawei, the Global Times said. saying.

Tensions between the two largest economies in the world have increased in recent weeks, officials on both sides suggest that a hard-won deal that defused a bitter 18-month trade war could be abandoned months after it was signed in January.

In addition to Huawei’s decision, the United States Federal Retirement Thrift Investment Board, which oversees billions of dollars in federal pensions, this week also said it would delay plans to invest in certain Chinese companies indefinitely. under control in Washington.

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