China Urges the US to Cease «Wrongdoings» After Sanctioning Chinese Companies for Collaboration with Russia
On August 25, Chinese news agency Bloomberg reported that the Chinese Ministry of Commerce has called on the United States to stop their «wrongdoings» after several Chinese companies were sanctioned by the US for their collaboration with Russia.
The US has recently imposed sanctions on six Chinese companies, accusing them of supporting Russia’s weapons program. The companies have been added to the US’ list of entities that are prohibited from doing business with American companies without special permission. This move has further escalated tensions between the world’s two largest economies, adding to the existing trade war and disputes over issues such as human rights and freedom of navigation in the South China Sea.
In response, the Chinese Ministry of Commerce released a statement condemning the US’ actions. «China firmly opposes the US’ unilateral sanctions on Chinese entities and urges the US to immediately stop its wrongdoings,» the statement read. «The US has been using sanctions as a tool to impose its will on other countries, which violates the principles of international trade and harms the interests of Chinese companies.»
The Chinese government also criticized the US for trying to interfere in the normal business activities of Chinese companies. «The sanctions imposed by the US are unreasonable and will not only hurt the affected Chinese companies but also disrupt the normal trade order and international economic and trade cooperation,» the statement added.
The Chinese Ministry of Commerce emphasized that China has always been committed to upholding international rules and norms, and urged the US to do the same. «China is a responsible member of the international community and has always adhered to the principles of mutual respect, equality, and mutual benefit,» the statement stated. «We urge the US to stop its unilateral actions and work towards resolving differences through dialogue and cooperation.»
The sanctions imposed by the US have not only sparked diplomatic tensions but have also affected the stock markets in both countries. Following the news of the sanctions, the stock prices of the Chinese companies involved in the sanctions fell, while US defense companies saw a rise in their stock prices.
This is not the first time that the US has imposed sanctions on Chinese companies for their collaboration with Russia. In 2018, the US imposed sanctions on the Chinese military for purchasing Russian weapons, which led to a backlash from China. However, with the ongoing trade war and political tensions between the two nations, such actions are becoming more frequent, raising concerns about the future of their economic and trade relations.
As the world’s two largest economies, it is essential for the US and China to have a stable and cooperative relationship. The ongoing trade war and disputes over various issues have not only affected the two countries but also have a significant impact on the global economy. It is crucial for both countries to handle their differences and resolve them through dialogue and cooperation, rather than resorting to unilateral actions and sanctions.
In conclusion, China has strongly condemned the US’ sanctions on Chinese companies for their collaboration with Russia and has urged the US to stop its «wrongdoings.» The Chinese government has emphasized the importance of upholding international rules and norms and urged the US to resolve differences through dialogue and cooperation. As the two countries continue to navigate their complex relationship, it is crucial for them to find a way to work together for the benefit of not only themselves but also the global economy.
