China promises countermeasures against US sanctions against its companies

A drone SZ DJI Technology Co.  Mavic 2 Enterprise in Shenzhen, China.

Photographer: Qilai Shen / Bloomberg

China he threatened to impose countermeasures after Washington decided on the blacklist of more than 60 Chinese companies, a sign that tensions between the world’s two largest economies may rise further during the last days of Donald Trump’s presidency.

The United States has “abused” export controls to suppress companies, institutions and people from other countries, China The Commerce Ministry said in a statement on Saturday.

The U.S. Department of Commerce cited national security and human rights violations as grounds for blacklisting Chinese companies in an announcement Friday. Chip manufacturer based in Shanghai Semiconductor International Manufacturing Corp. and giant drone based in Shenzhen SZ DJI Technology Co. it was one of the companies that were punished.

“These movements have severely damaged the international economic and trade order and free trade rules, as well as the security of the global supply chain,” China’s trade ministry said.

DJI, the world’s largest drone maker, said it was “disappointed ”by the blacklist, but will not stop American customers from buying their products. Being on the list denies companies access to American technology from software to circuits.

– With the assistance of Edwin Chan and Yuan Gao

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