China’s Ministry of Commerce said the US applies double standards and “trade tyranny” that disrupts global value chains. writes about it DEA News.
The Chinese ministry said the US Trade Mission has released a report criticizing China’s trade policy and rejecting China’s contribution to the development of the multilateral trading system and the global economy. At the same time, China’s Ministry of Commerce believes that the United States has denied China’s great success in meeting its obligations to the WTO.
“The Chinese side strongly opposes this,” the report said.
Former Chinese Foreign Ministry Spokesperson Mao Ning stated In a briefing that the Chinese authorities intend to provide protection and support to domestic companies in the event that criminal sanctions are imposed against them for violating the ban on the export of certain categories of goods by other countries to Russia, ordered by the United States.
Before reportedChina has sued the World Trade Organization (WTO) over US export controls on chips and other Chinese products. The Ministry of Commerce said in a statement that China aims to settle the problem through legal means by filing a lawsuit against the WTO. This method is necessary to protect Beijing’s legitimate rights and interests.
Source: Gazeta
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