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It is now clear that if the US sanctions and punishes Chinese companies using the Ukraine crisis as a pretext, China will resolutely defend its interests with countermeasures, Li Haidong, a professor at the China Foreign Affairs University, told the state-backed newspaper Global Times on Wednesday...
U.S. lawmakers raised the possibility of Magnitsky Act sanctions this month, signaling growing concern in Washington over alleged human rights abuses in Xinjiang. Republican leaders of the Congressional-Executive Commission on China, Sen. Marco Rubio of Florida and Rep. Christopher H. Smith of New...
Recognizing this, several multinational corporations (MNCs), such as Microsoft and ASML, said they are against US sanctions on China's chip industry. Microsoft Co-Founder Bill Gates decried the professed rationale behind such sanctions in a podcast with Financial Times and said he does not think ...
In the meantime, China's previous sanctions on US individuals who have seriously undermined China's sovereignty and interests on Xinjiang-related issues remain effective. The Chinese government is firmly determined to safeguard its...
China has decided to impose sanctions on US industrial companies and their managers for arms sales to Taiwan and in response to sanctions on Chinese companies imposed for cooperation with Russia, the Chinese Ministry of Foreign Affairs announced. ...
Telecommunications equipment provider Huawei has $35.6 billion (US$5.18 billion) in net profits for 2022representing a 69% yearinyeardecline-the biggest annual decline yet as the US slapped sanctions onits business and tough pandemic regulations in China affected its operations, according to a CNBC...
China urges the US to stop shifting the blame, stop smearing and attacking China, immediately lift all sanctions on Chinese counter-narcotics law enforcement institutions, and stop offering awards to hunt Chinese companies or nationals, the spokesperson said. ...
China slams reported US sanctions on SMIC and other Chinese firms; Macau issues its second five-year plan and launched the Central Securities Depository. Here’s what you need to know about China in the past 24 hours 中国经济要闻 Shares of China’s biggest chipmaker and several of its largest...
"A financial war between China and the US is unlikely, it would accelerate the de-dollarization of the world economy." Blum pointed out. He further noted that a legal war, such as secondary sanctions, could be a potential option in the US "toolbox". However, this would require European ...