In a recent showdown worthy of a blockbuster plot twist, China has called on the United States to hit the pause button on its latest export control drama. A Ministry of Commerce spokesperson spoke up Monday, urging the U.S. to "immediately rectify its wrongdoing" and stop what Beijing labels as "unreasonable suppression" of Chinese firms.
The spark? A new rule from the U.S. Department of Commerce that broadens its entity-list restrictions to cover any subsidiary that's at least 50% owned by a blacklisted company. According to the Chinese mainland, this move stretches the concept of national security too far, slamming legitimate business rights and interests. 🚨
China warns that this policy could send shockwaves through global industrial and supply chains, disrupting the international economic and trade order. The spokesperson stressed that such actions not only hurt individual enterprises but also threaten the stability of worldwide markets and collaboration.
No cliffhanger here: China firmly opposes the new rule and vows to take necessary measures to protect its companies. Whether that means countermeasures or diplomatic pushes, the message is clear—Beijing is ready to defend its business community. 💼🌐
As tensions rise, all eyes are on how both sides will navigate this tit-for-tat in the world of global trade. Will we see a de-escalation or an all-out policy duel? Stay tuned for more updates! 🔍
Reference(s):
China urges U.S. to cease unreasonable suppression of Chinese firms
cgtn.com
