Off the wire
China sees more inclusive finance loans to small businesses in 2019  • Discover China: Digital technologies enable inclusive finance in China  • Inclusive finance service benefits small enterprises  • China inclusive finance loans increase in 2018  • China allocates 10 bln yuan to support inclusive finance  • China's inclusive finance develops steadily  • Xinhua China news advisory -- June 3  • Garden festival kicks off in Ireland, attracts residents, visitors  • Venezuela sends aid to Cuba after tropical storm Alberto  • Venezuela prepares list of political opponents to be freed from jail  
You are here:   News/

China firmly opposes U.S. restrictions on Chinese tech giant Huawei

Xinhua,May 18, 2020 Adjust font size:

BEIJING, May 17 (Xinhua) -- China firmly opposes the lastest U.S. export controls targeting Chinese tech giant Huawei, said spokesperson for the Ministry of Commerce Sunday.

The U.S. Department of Commerce announced Friday that it will impose new restrictions on Huawei's acquisition of semiconductors.

The United States has used state power to persistently suppress and contain a specific foreign firm in the name of national security and abused export controls. It is a violation of market principles and fair competition, a disregard for basic international economic and trade rules, and a severe threat to the security of global industrial and supply chains, according to the spokesperson.

"The move not only undermines Chinese and U.S. firms' interests, but also hurts the interests of enterprises from other countries," the spokesperson said.

The Chinese side urges the U.S. side to immediately cease such actions and create conditions for normal trade and cooperation between enterprises, the spokesperson said, adding that China will take any necessary measures to defend Chinese firms' legitimate rights and interests.