financetom
Economy
financetom
/
Economy
/
China says it firmly opposes US export control tools
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
China says it firmly opposes US export control tools
May 10, 2024 2:12 AM

BEIJING, May 10 (Reuters) - China firmly opposes the

abuse of export control tools such as the U.S. entity list, a

foreign ministry spokesperson said on Friday, after the U.S.

added 37 Chinese firms to a trade restriction list over national

security concerns.

Some of the entities were added to the list for making

drones to be used by the Chinese military and others for

shipping controlled items to Russia.

China and Russia have the right to carry out normal economic

and trade cooperation, and such cooperation should not be

disturbed, spokesperson Lin Jian told a regular press

conference.

He said the United States continues to politicise economic

and trade issues and further increase tariffs, abusing the

so-called 301 tariff review process, "which is adding insult to

injury."

"We urge the U.S. side to effectively abide by the

(World Trade Organization) rules and cancel all domestic tariffs

on China, not to mention not to increase tariffs. China will

take all necessary measures to defend its rights and interests,"

Lin said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2025 - www.financetom.com All Rights Reserved