China says it is against newest U.S. guidelines towards Huawei
Isabel INFANTES | AFP
The ministry stated in a press release that it urges the US to right away cease the flawed actions.
The Trump administration on Friday moved to dam world chip provides to blacklisted telecoms tools firm Huawei Applied sciences, spurring fears of Chinese language retaliation and hammering shares of U.S. producers of chipmaking tools. The brand new rule went into impact on Friday however would have a 120-day grace interval.
China’s state-run newspaper World Instances, citing an unidentified supply, reported that Beijing, in response to the brand new limits on Huawei, was able to put U.S. firms on an “unreliable entity record” as a part of the countermeasures.
These countermeasures embody launching investigations and imposing restrictions on U.S. firms akin to Apple Inc, Cisco Methods Inc, and Qualcomm Inc.
“The U.S. has utilized nationwide energy and used the so-called nationwide safety concern as an excuse, and abused export controls to proceed to suppress some explicit firms in different international locations,” China’s commerce ministry stated in immediately’s assertion.