China firmly opposes US sanctions against ZTE
Print Edition
CHINA has voiced its “strong dissatisfaction” and “firm objection” to US sanctions against telecommunication equipment maker ZTE Corp, saying the move will “hurt others without benefiting itself.”
“This move will severely impair the commercial activities of Chinese firms. China will continue to engage with the US side on the issue,” the Ministry of Commerce said in a statement yesterday.
The United States on Monday announced export restrictions on ZTE and three affiliated entities for alleged violation of US export controls on Iran.
“We do not think it is the right approach to handle economic and trade disputes. This approach will only hurt others without necessarily benefiting oneself,” Foreign Minister Wang Yi said at a press conference yesterday in Beijing.
Wang called for the two sides to cooperate.
In a statement, the Shenzhen-headquartered company stressed that it complied with the laws and regulations of all jurisdictions in which it operates, and that it will continue to cooperate with the US side to resolve the issue.
Major Chinese telecom equipment makers, including Huawei and ZTE, have been subject to frequent questioning by US investigators over US information security since 2011, which undermined major deals with US companies.
“Besides the upcoming election in the US, it is likely that the cause is driven by the desire to restrict free trade to contain the development of the Chinese telecommunication sector,” said Xiao Yaofei, a professor at Guangdong University of Foreign Studies.
Huawei and ZTE have been active in the US consumer electronics market since the latter half of last year, and the Chinese telecommunication industry, especially terminal products, has gone from strength to strength, said Xiao.
“The US does not want to lose its dominance ... it is obviously the ‘right time’ to ‘give special treatment’ to Chinese companies under the guise of security and international politics,” he said.
On Monday, China’s foreign ministry also urged the US to revoke its decision to avoid damage to trade cooperation and bilateral relations.
ZTE offers quality products and services, creates jobs and contributes to economic and social development in the US, a ZTE senior executive said yesterday on condition of anonymity.
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