China has fired back at the U.S. after 37 Chinese entities were added to Washington's export control list, calling it an 'abuse of power' that threatens global economic recovery. 🔥 The move comes as tensions rise over tech competition and alleged military-linked activities.
What’s the Beef?
The U.S. Commerce Department claims the blacklisted companies – ranging from tech firms to logistics players – are tied to national security concerns involving military development and Russia. But Beijing isn't having it. 🚫 'The U.S. keeps weaponizing trade rules to suppress foreign companies,' said a Chinese commerce ministry spokesperson Friday.
Broader Implications
China argues these restrictions disrupt global supply chains 🌐 and hurt post-pandemic economic recovery. Foreign Ministry spokesperson Lin Jian doubled down: 'Where’s the evidence? The U.S. keeps using “national security” as a catch-all excuse to bully Chinese businesses.'
Meanwhile, China maintains its trade with Russia is legit: 'Normal economic cooperation between sovereign states shouldn’t be hijacked by geopolitics,' Lin added. 💼🤝
What’s Next?
Beijing pledged 'necessary measures' to defend its companies, though specifics remain under wraps. With both sides digging in, this latest clash could further chill US-China tech and trade relations. 🧊 Stay tuned for updates!
