New US regulations affecting Chinese technology companies have raised the stakes of an ongoing trade dispute between the world’s two largest economies. After banning US companies from selling parts, software or services to mobile phone maker ZTE, US regulators said on Tuesday they would also bar government programs from buying from any company deemed a security threat. The measure is likely to affect ZTE as well as the Chinese smartphone maker, Huawei, two of China’s largest telecommunication companies.
China responded on Wednesday that it has contingency plans for dealing with trade frictions. Yan Pengcheng, spokesman for the National Development and Reform Commission (NDRC), China’s economic planning agency, said at a news conference that any impact on the Chinese economy from a trade dispute would be limited and manageable.
China responded on Wednesday that it has contingency plans for dealing with trade frictions. Yan Pengcheng, spokesman for the National Development and Reform Commission (NDRC), China’s economic planning agency, said at a news conference that any impact on the Chinese economy from a trade dispute would be limited and manageable.
