China firmly opposes US suppression of Chinese companies

Time:2019-05-24 09:32:25      Source: xinhuanet.com

China firmly opposes the United States using state power to suppress Chinese companies, according to the Ministry of Commerce (MOC) Thursday.

China will take necessary measures to safeguard the legitimate right and interests of Chinese enterprises, said Gao Feng, a spokesperson with the MOC.

The United States has used state power to suppress Chinese companies, which not only seriously damaged the normal business cooperation of enterprises in the two countries, but also posed a great threat to the global industrial and supply chains, Gao noted.

"China objects to the generalization of the national security concept and the crackdown on regulation-abiding Chinese firms," Gao said, urging the United States to stay rational and correct its dangerous actions.

He said that China had made solemn representations to the United States and would keep up with the issue closely.

Gao says that the best response to U.S. bullying is for Chinese firms to continue to grow and become stronger.

As the United States keeps sniping at Chinese companies through long-arm jurisdiction, Gao said, China is firmly against any unilateral sanctions against Chinese entities by any country based on its own domestic laws.

"We urge the United States to halt its wrong actions and create conditions for normal trade and cooperation between enterprises of the two countries to avoid further blows to bilateral economic and trade ties," Gao said.

The Chinese government will continue to deepen reform and open up wider in a bid to create a stable, fair and predictable business environment to facilitate enterprises, and the country will provide higher-quality, reliable and diversified products to consumers worldwide, Gao said.

Index RMB/t DoD Basis Date
Datong 5500 700 0 ex-mine 05-04
Shuozhou 5200 680 0 FOR 05-04
Ordos 5500 700 0 ex-mine 05-04
Yulin 6200 780 0 ex-mine 05-04
Liulin Low-sulphur 900 0 ex-mine 05-04
Gujiao Low-sulphur 1770 -50 FOR 05-04
Xingtai Low-sulphur 2360 0 ex-Factory 05-04
Yangquan PCI 1280 -30 FOR 05-04
Index RMB/t WoW WoW% Date
Qinhuangdao 507.0 1.0 0.20 05-04
Caofeidian 541.0 9.0 1.69 05-04
Huanghua 216.9 12.4 6.06 05-04
Guangzhou 291.2 3.0 1.04 04-27
coastal 6PPs 1629.8 44.7 2.82 07-02
North Ports 2697.8 53.0 2.00 02-01
Yangtze River delta 1242.5 -74.7 -5.67 02-01
South Ports 2233.4 -216.0 -8.82 02-01
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