Categories: US

China criticizes we move to expand financial sanctions

Beijing: The Chinese government on Friday criticized US new steps to reduce access to the American financial market and said it would protect Chinese companies but did not provide indications of the possibility of retaliation.
S & P Dow Jones Indice and FTSE Russell deleted more Chinese companies from their indices after President Joe Biden expanded a black list of companies that were forbidden for American investors.
Such an index is the basis for billions of dollars in investment in stocks and bonds.
A Foreign Ministry spokesman Wang Wenbin accused Washington from “abusing national power and generalizing the concept of national security to suppress Chinese companies without reason.” Beijing will “take all the necessary steps” to protect the company and “defeat our efforts to disturb the internal affairs of China,” said Wang.
He doesn’t provide details.
Restrictions were launched by Biden’s predecessor Donald Trump, to block access to US financing for companies that are considered contributing to the efforts to modernize the military wings of the ruling communist party.
They include telecommunications, oil, dirgantara and other companies.
Order June 3 Biden raised the number of Chinese companies in the list to 59 of Trump’s 44.

news2in

Share
Published by
news2in

Recent Posts

44 ordered to attack the procession

Ludhiana: The police have submitted FIR to four identified and at least 40 unknown attackers…

3 years ago

Punjab: Police Reject conspiracy theory in the case of Deep Sidhu

Sonīpat / Ludhiana / Ambala: Actor Punjabi - Activist Activist Deep Sidhu, who died in…

3 years ago

Punjab: Hidden Strength Working Behind PM Narendra Modi, Arvind Kejriwal, said Rahul Gandhi

PATIALA / MANSA / BARNALA: Attacking Prime Minister Narendra Modi and AAP National Convener Kejriawal,…

3 years ago

BJP made AAP to endanger the Congress, said Ajay

Jalandhar: BJP and AAM AAM AADMI parties are one party, Secretary General of the Ajay…

3 years ago

Our job is to make Punjab No. 1 State: Meenakshi Lekhi

Ludhiana: Minister of Union Culture Meenakshi Lekhi while campaigning to support the BJP candidate from…

3 years ago

Feb 20 is an opportunity to change the destiny of Punjab and his children: Bhagwant Mann

Machhiwara (Ludhiana): AAM AAM AADMI Party (AAP) Head of Punjab Candidate and Members of Parliament…

3 years ago