Beijing urges Washington to immediately stop the wrong action of suppressing Chinese companies & # 39;
Beijing has urged Washington to immediately stop its & # 39; wrong action & # 39; of & # 39; suppress & # 39; and imposing sanctions on Chinese companies in the midst of a trade war between & # 39; the world's two largest economies.
The comments were made days after the US placed five Chinese technology companies on a & # 39; entity list & # 39; so that they could block American technology alongside Huawei.
China creates its own & # 39; unreliable entity list & # 39; as a bump.
The country's Ministry of Commerce said yesterday that it is considering companies that block & # 39; Chinese entities, cut supplies to Chinese entities and threaten national security & # 39; for the list.
US President Donald Trump and Chinese President Xi Jinping are expected to meet on Saturday at the G20 Summit in Osaka, Japan, to discuss the trade war of both countries.
The US has banned five other Chinese technology companies from using American technology after imposing sanctions on the Huawei telecom giant in Shenzhen during a trade war with Beijing
US President Donald Trump and Chinese President Xi Jinping are expected to meet on Saturday at the G20 Summit in Osaka, Japan, to discuss the trade war of both countries. Trump said Wednesday that a trade agreement with China was possible this weekend
In May, the United States blacklisted Chinese telecom giant Huawei and its 68 global affiliates for trading, excluding them from buying parts and components from US companies without special approval. Huawei later received a 90-day delay.
Google then said it would stop offering Huawei its license to use Android, the operating system that controls all smartphones made by the Chinese company and its sub brand Honor.
Last Friday, the US Department of Commerce placed another five Chinese companies on the & # 39; entity list & # 39; including the prominent Chinese supercomputer manufacturer Sugon, three microchip subsidiaries under Sugon and a computer institute owned by the People & # 39; s Liberation Army.
The US delivery company FedEx is likely to be & # 39; added & # 39; to the black list of companies in China after Huawei complained about the courier company that shifted several company shipments
Gao Feng, a spokesman for China & # 39; s Department of Commerce, condemned Washington's last move during a press conference yesterday.
He accused the US of generalizing the concept of national security, abusing the methods of controlling exports, and violating the principles of market competition by blacklisting a total of 47 Chinese companies.
He argued that US sanctions disrupted the technology and trade exchanges of the two countries and the trade imbalance problem that the US has always emphasized & # 39; would not resolve.
& # 39; We urge the US to immediately stop the wrong action and return to the trail of cooperation, & # 39; said Mr. Gao.
Gao said the details of the Chinese & # 39; entity list & # 39; be announced shortly.
Trump told Fox on Wednesday that he was also willing to & # 39; Chinese dollars and billions of dollars & # 39; with a potential tariff increase if the two countries continue to disagree
China and the United States have already imposed tariffs of up to 25 percent on hundreds of billions of dollars on each other's goods in a trade war that lasted almost a year
China announced for the first time that it would launch a blacklist of trade on May 31, a day before the country would raise rates for $ 60 billion in imported US goods, ranging from lipsticks to condoms.
Chinese state media Global Times said on its official Twitter account last Sunday that US courier company FedEx is likely to be blacklisted by China, making it the first company associated with the blacklist of Chinese companies.
Huawei complained about FedEx redirecting several business shipments shortly after the Trump administration issued orders to fire the Chinese company.
FedEx Corp said on Sunday that an operational error prevented a Huawei package from being delivered to the United States just a few weeks after the company said an error led to the Chinese firm sending the packages incorrectly.
China announced that it was investigating FedEx on the issue.
This week, FedEx filed a lawsuit against the Trump government because of the restrictions against Huawei, claiming that it is impossible to check every package to see if & # 39; prohibited technology & # 39; is sent to China.
China and the United States have already imposed tariffs of up to 25 percent on hundreds of billions of dollars on each other's goods in a trade war that lasted almost a year.
Huawei & # 39; s CFO Meng Wanzhou (photo) faces criminal charges in the US Mrs. Meng was arrested in Vancouver in December by Canadian police under Washington's request
Huawei was scrutinized in the West after Washington claimed that the company's equipment could be used by China to spy on Americans – allegations Huawei has repeatedly denied
The tariff struggle escalated in early May after the two countries failed to reach an agreement in a series of trade negotiations.
Huawei, accused by Washington of spying on its users for Beijing, was pushed into the center of the trade war after US President Trump imposed trade sanctions.
The company's CFO, Meng Wanzhou, was arrested in Vancouver in December under an American warrant and is being prosecuted in the US.
She is accused of having used a Shell company in Hong Kong to sell equipment to Iran in violation of US sanctions. Huawei has denied the accusation.
Leaders from 19 countries and the European Union attend the G20 Summit in Osaka
Trump and Chinese President Xi Jinping meet each other on Saturday during the G20 summit in Osaka, Japan.
Trump said Wednesday that a trade agreement with China was possible this weekend, but he was also willing to & # 39; Chinese dollars and billions of dollars & # 39; with a potential tariff increase if the two countries continue to disagree.
Xi is allegedly preparing for the presentation of Trump with a list of demands for ending the American-Chinese trade war.
One of China & # 39; s most important requirements is for the US to lift the trade ban on Huawei The Wall Street Journal, referring to Chinese officials.
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