Sunday, April 29, 2018

China tries to contain fallout from sanction-busting scandal

In a rare, blistering attack by the government-backed body, it branded ZTE, whose largest shareholder is a state-owned conglomerate linked to China Aerospace Science & Industry Corporation, as "Stupid and passive" for tarnishing the country's global image.

In Beijing, the Foreign Ministry spokeswoman Hua Chunying told a media briefing that China opposed countries imposing their "Own laws on others" when asked if Huawei had violated US sanctions in Iran.

He has called for other nations, such as China, to create their own technology as the US tightens its grip on the global microchip market.

"America was the early mover [while] China [needs] a lot of things. The market for chips is controled by Americans," he told students during a presentation at Waseda University in Tokyo.

"And suddenly if they stop selling - that means. That is why China, Japan and need core technologies," Ma added.

Global brand If Huawei is hit by a US supplier ban, the shockwaves would ripple across the entire industry in China.

"We're having very substantive discussions on trade. I believe the trade will work out, but I also think that China has never treated us with more respect than they have over the short period of time that I have been president," the US President Donald Trump told a joint news conference with the French President Emmanuel Macron at the White House earlier this week.

http://www.atimes.com/article/china-tries-to-contain-fallout-from-sanction-busting-scandal/

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