China has slammed the United States for putting technology giant Huawei on an export blacklist and said it will take “all necessary measures” to protect the legal rights of Chinese firms. The latest twist in the face-off bet-ween the US and China not only suggests that hopes of a trade deal are fast evaporating, but it could also delay the roll-out of 5G networks worldwide. US technology firms could also face a backlash, experts said. China’s Ministry of Commerce said yesterday that it resolutely opposed any country using its own domestic laws to unilaterally sanction Chinese firms. It also spoke out against the abuse of the concept of national security. “China has repeatedly stressed that the concept of ‘national security’ should not be a tool for promoting trade protectionism,” said its spokesman Gao Feng. He urged the US to “stop these wrongful practices as soon as possible to avoid causing greater losses to Chinese and American companies and consumers”. US President Donald Trump had signed an executive order late on Wednesday that effectively barred US firms from using telecoms equipment made by Huawei, citing national security concerns. Separately, Huawei and 70 affiliates were put on an “Entity List”, which bans… Read full this story
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