Left Menu
Development News Edition

US subjecting Chinese companies to "unjustified repression": China


US subjecting Chinese companies to "unjustified repression": China
Image Credit: Flickr

China on Tuesday alleged that the US was subjecting Chinese companies to "unjustified repression" in response to Washington's criminal charges against Huawei, accusing the tech giant of banking fraud, stealing trade secrets and evade economic sanctions on Iran. Ministry of Foreign Affairs spokesperson Geng Shuang in a statement said China was very "concerned" about the criminal complaint filed by the US Department of Justice against Huawei and its Chief Financial Officer Meng Wanzhou who was arrested and later released on bail in Canada, reports Efe news.

Geng said Beijing had constantly required Chinese companies to carry out their economic activities abroad in compliance with the local laws. Geng said the US had been using public offices to discredit and punish Chinese companies in an attempt to strangle their legitimate operations. He said there had been "powerful" efforts and political manipulations behind such tactics, and urged the US to end its "unjustified repression" of Chinese companies. The statement said China would "determinedly" defend the "legitimate" rights and interests of Chinese companies abroad.

A pair of indictments, which were partly unsealed on Monday, come amid a broad and aggressive campaign by the US to try to thwart China's biggest telecom equipment maker. One indictment accuses Huawei trying for years to steal T-Mobile's proprietary phone testing technology while another one against Meng claim that Huawei defrauded four large banks into clearing transactions with Iran in violation of international sanctions through a subsidiary called Skycom.

But the most serious new allegation in the indictment, which could have bearing on Meng's extradition proceeding, is the contention by federal prosecutors that Huawei sought to impede the investigation into the telecom company's attempt to evade economic sanctions on Iran by destroying or concealing evidence. The indictments come amid a diplomatic crisis between Washington and Beijing as the representatives of the two sides are set to meet later this week to discuss the resolution of the bilateral trade war. Huawei is yet to comment on the charges.

(With inputs from agencies.)

Download The Devdiscourse News App for Latest News.


TRENDING

OPINION/BLOG/INTERVIEW

Conspiracy theories on COVID 19: Legislators, Scientists, and Journalists all joined the Caravan

Conspiracy theories are not new for virus epidemics. There have been conspiracy theories on HIV-AIDS, Polio Vaccines, Ebola Virus, and several other diseases as well. However, what makes the 2019 Novel Coronavirus different from others is ...

Top 10 Fake News, Myths and Realities on 2019 Novel Coronavirus COVID 19

With nearly 1500 deaths by January 14 and around 65,000 infections in China, the Novel Coronavirus 2019 has become one of the worst health epidemics of the 21st Century. However, 8,573 people have been cured but the rumor mongers are a...

Handling fake news Infodemic in time of Coronavirus epidemic

Social media has provided a platform where everybody can disseminate his her views without any supervision. Its excellent if the message is genuine but misinformation is equally disastrous. Health is such a topic where every Tom and Harry c...

Sentiment Analysis on Budget 2020: Long shot for solution to economic worries?

Industries and individuals alike had high expectations from the government to take tangible steps but the budget 2020 seems to have failed expectations....

Videos

Latest News

FATF continues Pak in 'Grey List', warns of action if it fails to check terror funding

Global terror financing watchdog FATF on Friday decided to retain Pakistan in its Grey List and warned the country of stern action if it fails to prosecute and penalise those involved in terror funding emanating from its jurisdiction. The d...

FOREX-Dollar slips as data disappoints; yen rebounds on safe-haven demand

The U.S. dollar fell across the board on Friday after a survey of purchasing managers showed U.S. business activity in the manufacturing and services sectors stalled in February as companies have grown increasingly concerned about the coron...

UPDATE 2-Global watchdog keeps Pakistan on terrorism financing "grey list"

Pakistan won an extra four months to meet international anti-terrorism financing norms on Friday when a global dirty money watchdog decided to keep the country off its blacklist for now. After Pakistan missed multiple previous deadlines, th...

None affected by corona virus in Tripura : Health department

Tripura health department is maintaining a close vigil of those who have returned from thecorona virus affected countries and have asked them to go for medical check ups in government hospitals, a statement issuedby it said on Friday. The d...

Give Feedback