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Beijing wants the US to cancel inappropriate action against Chinese firms



Flags of the United States and China.

Holger Gogolin | iStock |

Beijing – The Chinese government wants the United States to cancel "inappropriate" actions against Chinese companies, Vice-President Van Shawen, Commerce Minister

said on Monday that the US Department of Commerce added five Chinese technology companies to the so- called a list of people who effectively forbids them to buy parts of US companies.

"We hope that, in accordance with the principles of free trade and the spirit of the principles of the World Trade Organization (WTO), the US side can reverse these inappropriate measures against Chinese companies and remove them from the list of businesses. "According to CNBC's translation, Wang said in Mandarin

He spoke at a press conference Monday morning about the forthcoming trip of Chinese President Cing Dingping to the G20 summit this week in Osaka, Japan.

The latest US action came after Huawei's China telecoms and smart giant was added to the list in May, after President Donald Trump and Chi made a telephone conversation last Tuesday about plans for a summit meeting of the D -20.

will not disturb the planning of a Trump-Xi meeting directly, but Beijing will see it as further evidence that those around Trump intend to dampen the rise of China as a technological force.

and Chinese stock indices joined after the news of the call, hoping that the two largest economies in the world would soon reach a trade dispute that lasted for more than a year, and shook world equity markets as well as increased concerns about economic growth in the world.

"Beijing received another reminder of the US desire to remove Chinese technology companies on Friday, with the Commerce Department's announcement that it would put several Chinese supercomputers, including Sugon number two, on the list of businesses," Michael Hirson, the head of the practice, China and Northeast Asia, in the Eurasia group, said in a statement published on the weekend. "This move will not prevent the planning of a Trump-Xi meeting directly, but Beijing will see it as further evidence that those around Trump intend to weaken the rise of China as a technological force," he said.

There are currently discussions between the US and Chinese negotiating teams ahead of the G20 meeting, and both sides have to compromise on trade talks, Wang said.

Wang did not mention directly whether Huawei would be part of any trade agreement.

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