Chinese vice commerce minister said Monday that Beijing would like the U.S. to cancel 'inappropriate' actions against Chinese companies.
The move will not disrupt planning for a Trump-Xi meeting directly, but Beijing will see it as further evidence that those around Trump intend to blunt China's rise as a tech power.on a trade dispute that has lasted for more than a year, and roiled global equity markets as well as fueled concerns about economic growth worldwide.
"Beijing received another reminder of US's willingness to crack down on Chinese tech firms on Friday, with the Commerce Department's announcement that it will place several Chinese supercomputing companies — including number two firm Sugon — on the entity list," Michael Hirson, practice head, China and Northeast Asia, at Eurasia Group, said in a note released over the weekend.
"The move will not disrupt planning for a Trump-Xi meeting directly, but Beijing will see it as further evidence that those around Trump intend to blunt China's rise as a tech power," he said. Discussions are underway between the U.S. and Chinese negotiating teams ahead of the G-20 meeting, and both countriesWang did not directly mention whether Huawei will be part of any trade agreement.
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