China bemoans US 'bullying' of Huawei

Image
AFP Beijing
Last Updated : May 23 2019 | 10:26 AM IST

China's foreign minister has slammed US moves against telecom giant Huawei as "economic bullying", and warned that Beijing was ready to "fight to the very end" in its trade war with Washington.

The trade spat between the world's top two economies escalated after President Donald Trump issued orders on grounds of national security last week that have prompted several foreign firms to distance themselves from Huawei.

"The US use of state power to arbitrarily exert pressure on a private Chinese company like Huawei is typical economic bullying," Foreign Minister Wang Yi said Wednesday at a meeting in Kyrgyzstan of the Shanghai Cooperation Organisation (SCO), a regional security group led by Beijing and Moscow.

Trump's move effectively bans US companies from supplying Huawei and affiliates with critical components over activities the US says are contrary its national security or foreign policy interests.

Japan's Panasonic announced on Thursday that it was cutting back business with Huawei in light of the US ban. A day earlier, mobile carriers in Japan and Britain said they would postpone the release of Huawei smartphones.

"Some people in the United States do not want China to enjoy the legitimate right to develop, and seek to impede its development process," Wang said, according to a foreign ministry statement issued late Wednesday.

"This extremely presumptuous and egocentric American approach is not able to gain the approval and support of the international community."

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 23 2019 | 10:26 AM IST

Next Story