Tuesday , June 18 2019

China calls ban on Huawei rough disruption to market

Bloomberg

China called the US export ban on Huawei Technologies Co a rough disruption to the chip-making market and vowed to further open its industrial sector for foreign investment.
“The US has roughly interfered in the integrated circuit sector’s global market order with a groundless accusation,” Wang Zhijun, vice head of the Ministry of Industry and Information Technology, said in an interview on China Central Television, discussing the US placing Huawei on an export blacklist. “The big irony is that US has always paraded itself as being a market economy.”
Wang urged the US to stop the “unreasonable suppression” of China’s integrated circuit and electronic companies, and return to a fair and normal environment for Chinese companies to operate and invest globally, including in the American market.
China will continue to open for foreign investment its airline, shipping, automobile and telecommunications industries.

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