Wang Shouwen, a Vice Minister of Commerce, said on Sunday that foreign companies are welcomed to do business in China.
China said it would lay out its position on trade talks with the United States in a white paper and hold a news conference on the issue today.
Song said the U.S. is setting a "dangerous precedent".
Huawei discounted. The IEEE, a major worldwide us -based professional association that publishes academic papers on engineering, has excluded Huawei employees from participating in the peer-review process.
"To have Huawei operating as a 5G network in our country or in our allies' countries, we believe, represents a fundamental compromise of national security and the privacy of millions of citizens", said VP Pence.
The Ministry of Commerce said it would blacklist foreign companies or individuals that violated contracts or market rules or took "discriminatory measures" to hurt Chinese firms, the South China Morning Post reported. With the list of entities China is claiming are hindering it's local companies, the entities are in fact said to "Pose a threat or at least potential threat to national security".
US cuts off India preferential trade access
The US' demand for relaxation in norms for exports of medical devices and dairy products are non-negotiable for India. On Friday he said: "It is appropriate to terminate India's designation as a beneficiary developing country".
The Chinese tech giant has since received several punches from U.S firms, and while many had expected its stockpiled inventory to sustain its smartphone and 5G networking equipment businesses for most of the rest of the year, a new report from industry source says the sanction is already having a great effect on the Chinese giant.
China may soon intensify the trade war that was started by the USA. "China has national policies and laws where data is required to be shared", Patrick Shanahan told the forum.
Beijing's move hits US$60 billion worth of U.S. goods with new punitive tariffs ranging from 5 to 25 percent, and comes in retaliation for Washington raising punitive tariffs on US$200 billion of Chinese goods to 25 percent.
China will be investigating FedEx and whether it took actions that damaged the 'legitimate rights and interests of [its] Chinese clients'.
"If the U.S. wants to force the Chinese to make concessions by engaging in unilateralism and putting on extreme pressure, this is impossible", said Wang, according to Xinhua.