Iran Press/ Asia: China fired back at Donald Trump's administration on Saturday with new rules that would punish global companies for complying with Washington’s tightening restrictions on doing business with Chinese companies, the New York Times reported.
China’s Ministry of Commerce said that the rules, which went into effect immediately, were intended to counter foreign laws that “unjustly prohibit or restrict” people or companies in China from doing normal business. It said its measures were necessary to safeguard China’s national sovereignty and security and to protect the rights of Chinese citizens and entities.
Although Chinese officials did not mention any specific country, the new rules could potentially put global companies in the middle of the economic battles being waged between Washington and Beijing. They could also send a signal to the incoming administration of President-elect Joseph R. Biden Jr., who must ultimately decide whether to preserve Trump-era restrictions against Chinese businesses, relax them or rethink them entirely.
As US President Donald Trump’s trade war against the Chinese intensified, the Trump administration prohibited the sale of American technology to Huawei, the Chinese telecommunications giant, and other firms.
It also issued rules that punish companies for their ties to the Chinese military and for their involvement in Beijing’s surveillance and suppression of mostly Muslim ethnic minorities in China’s far northwestern region of Xinjiang.
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