China warns of consequences of complying with US sanctions
Chinese authorities have warned foreign companies of the dire consequences of refusing to supply technology to Chinese companies, the New York Times reported, citing sources.
This information was communicated to the companies in closed meetings on June 4 and 5, the newspaper said.
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| According to the New York Times, Microsoft is one of the technology companies invited by Chinese officials to the closed meeting. Photo: AP |
Specifically, invited to attend the meeting are US companies Microsoft and Dell, UK ARM, as well as South Korea's Samsung Electronics and Hynix.
From the Chinese side were representatives of the National Development and Reform Commission, the Ministry of Commerce and the Ministry of Industry and Information Technology of the country.
The publication notes that the participation of such high-level representatives shows that the negotiations were carried out with the permission of China's highest levels of management.
“This is an extremely delicate step now, because the Trump administration, through its brinkmanship tactics, has destabilized all relationships, trade and otherwise,” said Scott Kennedy, a senior adviser at the Center for Strategic and International Studies.
On May 16, the US Department of Commerce added Chinese telecommunications giant Huawei and 70 of its affiliates to the blacklist. After that, Google, Intel, Qualcomm, Xilinx and Broadcom announced they would end their cooperation with Huawei.
