Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Live is Caixin Global's real-time news portal, featuring 24-hour breaking news, short-form analysis, and roundups from business and social media in China.

TRENDING
Chinese DNA Sequencing Firm BGI Faces Legal Battle with Illumina
Chinese Chipmaker SMIC to Delist From NYSE, Focus on Hong Kong
Just Add Water, Physics-Defying Car Company Claims
LATEST
China Doesn’t Engage in ‘State Monopoly Capitalism’: Banking Chief
Huawei Seeks $1 Billion in First Big Funding Test After U.S. Ban
Chinese Chipmaker SMIC to Delist From NYSE, Focus on Hong Kong
Just Add Water, Physics-Defying Car Company Claims
Hong Kong Banking Tycoon Passes Baton to Two Sons
Fears Grow as Fall Armyworm Continues Invasion of Chinese Farms
Rural Policy Bank Sells Bond to Retail Investors in Hong Kong
Baidu Continues Shaking Up Its Management Board
Xiaomi Fires Vice President for ‘Obscene’ Behavior
Update: Chinese EV Startup Digs Into Real Estate
Chinese DNA Sequencing Firm BGI Faces Legal Battle with Illumina
U.S. Companies and Consumers Pay for China Tariff Costs, IMF Says
Weibo Shares Slump After Q1 Revenue Growth Slows
Anxin Trust Questioned for Plunging Profits and Accounting Errors
Meituan Sees Strong Revenue Growth, Despite Drag From Mobike
DHL, Panasonic Deny Severing Huawei Ties
China Renewables Industry Comes of Age With Ambitious Subsidy-Free Projects
China Readies 600 Kph Maglev Prototype
Mercedes-Benz Makes it Easier to Trade in Defective New Cars in Wake of PR Nightmare
Shanghai Man Sentenced to Death for Child Murder
Huawei to Seek Remedies in Face of U.S. Ban

By Qin Min and Han Wei / May 17, 2019 02:52 AM / Business & Tech

Photo: VCG

Photo: VCG

China’s telecom equipment giant Huawei Technologies Co. Ltd. said it will pursue “remedies immediately and find a resolution” in face the threats of a business ban in the United States.

The U.S. Department of Commerce said Wednesday it was putting Huawei on a blacklist that could ban it from doing business with its American suppliers. The department did not specify when that would happen. The move came shortly after President Donald Trump signed an executive order that could effectively ban the Chinese company from selling technology in the American market.

A possible U.S. ban on Huawei’s equipment is in "no one’s interest" and will cause massive economic loss for Huawei’s business partners in the U.S., the Chinese company said late Thursday in a statement.

Huawei said it is working on measures to reduce the impact, without providing details. China’s Commerce Ministry opposed the U.S. move against Huawei and threatened to retaliate.

“We urge the U.S. side to stop its wrong practice, create conditions for normal trade cooperation for companies of the two countries and avoid further impacts on China-U.S. trade relations,” Ministry of Commerce spokesperson Gao Feng said Wednesday. “China will take all necessary measures to protect Chinese companies’ legal rights.”

Related: China Opposes U.S. ‘Unilateral’ Action Against Huawei


Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.