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China vows necessary measures to protect rights of 8 app firms banned by U.S.

CGTNPublished: 2021-01-06 18:00:10
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China's Foreign Ministry said on Wednesday that it would take necessary measures to protect the legitimate rights of companies after U.S. President Donald Trump signed an order banning U.S. transactions with eight Chinese software applications.

Logos of the eight apps barred by the Trump administration [Photo: CGTN]

Speaking at a daily press briefing on Wednesday, Foreign Ministry spokeswoman Hua Chunying called the move another example of the U.S. abusing national power to crackdown on foreign companies, adding it will also harm the interest of the U.S. and its customers.

"We urge the U.S. to abide by the rules of market economy and fair competition, as well as international economic and trade rules to provide a fair and non-discriminatory environment for foreign firms to invest and operate in the U.S.," Hua said.

The targeted Chinese companies are Alipay, CamScanner, QQ Wallet, SHAREit, Tencent QQ, VMate, WeChat Pay, and Beijing Kingsoft Office Software's WPS Office.

Kingsoft said in a statement that it did not expect Trump's order to substantially impact the company's business in the short term.

The executive order from the Trump administration will come into force in 45 days, just weeks after President-elect Joe Biden assumes charge of the White House.

A senior administration official cited by Reuters said the order and its implementation have not been discussed with the "potential incoming Biden administration."

Trump's previous efforts barring transactions with WeChat and TikTok were blocked by federal judges.

Last November, the Trump administration unveiled an executive order barring U.S. investments in Chinese companies that it claims to be owned or controlled by "the Chinese military."

A pack of Chinese companies has been removed from indexes compiled by MSCI, S&P Dow Jones Global Indices and FTSE Russell out of the order.

The U.S. Department of Commerce on December 21 added 103 entities, including 58 Chinese and 45 Russian companies, to a "military end user" list, aiming to restrict them from buying a wide range of U.S. goods and technology.

The latest restriction comes just a weekend after the U.S. added dozens of Chinese firms, including chipmaker Semiconductor Manufacturing International Corp and drone producer SZ DJI Technology, to its "entity list."

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