China Says US ‘Tarnish’ Its Companies

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By Douglas A. McIntyre Updated Published
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China Says US ‘Tarnish’ Its Companies

© Pyzhou / Wikimedia Commons

In reaction to tension between the United States and China on trade matters and a broad legal indictment of China tech company Huawei, the Chinese government issues a statement which said America has targeted it by “using national power to tarnish and crack down on specific Chinese companies.”

The entire statement from Foreign Ministry Spokesperson Geng Shuang’s Remarks on the US Indictments of Huawei:

Q: On the early morning of January 29, the US Department of Justice announced charges against Huawei, some of its affiliates and its Vice Chairman and CFO Meng Wanzhou, and claimed that it will soon file a request to the Canadian side for the extradition of Ms. Meng Wanzhou. What is China’s comment on this?

A: China is highly concerned about the US Department of Justice’s charges against Huawei and its Vice Chairman and CFO Ms. Meng Wanzhou. The Chinese government has all along urged Chinese companies to conduct international economic cooperation on the basis of complying with relevant laws and regulations. At the same time, China asks that all countries provide a fair, just and non-discriminatory environment for the normal operations of Chinese companies.

[nativounit]

For some time, the US has been using national power to tarnish and crack down on specific Chinese companies in an attempt to strangle their lawful and legitimate operations. Behind such practices are deep political intentions and manipulations. We strongly urge the US to stop its unreasonable bashing on Chinese companies including Huawei, and treat them objectively and fairly. China will also continue to uphold the lawful and legitimate rights and interests of Chinese companies.

Regarding the Meng Wanzhou case, China has made clear its stern position many times. The US and Canada abused their bilateral extradition agreement and took compulsory measures against a Chinese citizen for no reason. Such actions seriously violate the legitimate rights and interests of the Chinese citizen. Once again we urge the US to immediately withdraw its arrest warrant for Ms. Meng Wanzhou, refrain from making a formal extradition request, and stop going further down the wrong path. We also urge Canada to take China’s solemn position seriously, immediately release Ms. Meng Wanzhou and ensure her lawful and legitimate rights and interests, and stop risking its own interests for the benefits of the US.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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