China’s authorities responded on US sanctions related to the ban on investments in national companies. Beijing raised the requirements of the American leader Joe Bayden. PRC interprets new restrictions on the side of the White House as disrespect for the laws of the world market, writes Reuters /
Official representative of the Ministry of Foreign Affairs of China Van Wenbin criticized the decision of the White House to expand the list of Chinese defense and technological companies, whose shares from August 2, 2021 cannot be bought from American investors. The PRC authorities require the US President to withdraw “Black List”.
On June 3, President Joe Bayden approved a list of 59 Military and Technological Companies of China, which allegedly threaten US National Security, violate the rights and freedoms of minorities, and also contribute to the incitement of repression in American society.
The list includes such industrial giants like Huawei Technologies, China National National Nuclear Corporation, one of the world’s largest semiconductor manufacturer of semiconductor chips (Semiconductor Manufacturing International Corporation (SMIC)).