China Criticizes Latest Round of US Export Controls, Investment Restrictions
China criticized the U.S.’s decision last week to sanction a range of Chinese companies for their involvement in human rights violations in the Xinjiang region, saying the U.S. has “wantonly suppressed Chinese institutions and enterprises by overstretching the concept of…
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national security.” The sanctions announced last week included export restrictions (see 2112160017) and an investment ban (see 2112160062) on various technology firms. “The attempt of the U.S. to use Xinjiang to contain China will never succeed,” a Chinese foreign ministry spokesperson said Dec. 17, according to a transcript of a regular news conference. “We urge the U.S. side to immediately correct its mistake.”