BEIJING — China vowed Thursday to “resolutely safeguard” Chinese companies after Washington labeled telecom equipment giant Huawei a security risk and imposed export curbs on U.S. technology sales to the company. Huawei Technologies Ltd., the biggest global maker of switching equipment for phone companies, has spent a decade fighting accusations it facilitates Chinese spying. “We urge the United States to stop the wrong approach,” said a foreign ministry spokesman, Lu Kang. “Unless handled carefully, this situation is likely to place U.S. and Chinese companies at new risk,” the report said. Chinese retaliation against U.S. tariff hikes has included targeting American companies in China by slowing down customs clearance and issuance of business licenses.
Source: National Post May 16, 2019 10:05 UTC