- Title: China strongly opposes U.S. 2020 defence draft against Chinese firms
- Date: 26th December 2019
- Summary: BEIJING, CHINA (DECEMBER 26, 2019) (REUTERS) CHINESE COMMERCE MINISTRY SPOKESMAN, GAO FENG, ARRIVING AT WEEKLY NEWS CONFERENCE JOURNALISTS SITTING AND FILMING (SOUNDBITE) (Mandarin) CHINESE COMMERCE MINISTRY SPOKESMAN, GAO FENG, SAYING: "China strongly opposes it. China thinks the act's regulations of limiting purchasing Chinese products, strengthening export control sanctions on Chinese products are bad examples of interfering in companies' normal operation and activities by acting of state. This is contradictory to what the U.S. has been promoting, such as fair, equality and free trade, which harms the international trade orders, and harms the security of global industrial chain." NEWS CONFERENCE ONGOING (SOUNDBITE) (Mandarin) CHINESE COMMERCE MINISTRY SPOKESMAN, GAO FENG, SAYING: "We urge the U.S. to respect market principle, abandon political bias and outdated zero-sum norm, take off tinted glasses, stop making mistakes and create favourite conditions for normal economic and trade cooperation for companies from both countries. China will pay close attention to the impact on Chinese companies during the implementation of the act, and take all kinds of necessary actions to protect Chinese companies." NEWS CONFERENCE ONGOING
- Embargoed: 9th January 2020 10:05
- Keywords: China-U.S. trade Sino-U.S. relation U.S. defense act 2020
- Location: BEIJING, CHINA
- City: BEIJING, CHINA
- Country: China
- Topics: Defence,Government/Politics
- Reuters ID: LVA001BBM29TZ
- Aspect Ratio: 16:9
- Story Text: China strongly opposes the 2020 U.S. defence draft against Chinese firms and urges Washington to go past its political bias to create favourable conditions for Chinese companies, China's commerce ministry said on Thursday (December 26).
China will closely monitor the situation and defend the interests of Chinese firms, Gao Feng, spokesman at the ministry, said at a regular media briefing.
Gao's comment comes after the U.S. senate passed the National Defence Authorization Act (NDAA) which strengthens the Committee on Foreign Investment in the United States (CFIUS), which reviews proposals to determine if they threaten national security.
The legislation also calls "long-term strategic competition with China" a top priority for the United States, which should improve the defense capabilities of self-ruled Taiwan, claimed by China as a wayward province.
(Production: Wang Shubing, Fang Nanlin, Juarawee Kittisilpa) - Copyright Holder: REUTERS
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