The Pak Banker

China says US using security as excuse to act against Chinese firms

- -AFP

BEIJING: China accused the United States on Tuesday of using "national security" concerns as an excuse to act against Chinese firms, in a response that followed days after the Pentagon listed 11 more Chinese firms as being owned or controlled by the military.

"I don't think this kind of behavior will be of any benefit to the US", China's Foreign Ministry spokeswoma­n Hua Chunying told reporters at a daily briefing on Tuesday. The US has "repeatedly abused the concept of national security, misused national power, and oppressed particular Chinese companies," she said.

Chinese companies abide by regulation­s and market principles she added. The Pentagon on Friday listed 11 companies, including constructi­on giant China Communicat­ions Constructi­on Co, China Three Gorges Corporatio­n Limited, Sinochem Group Co Ltd and China Spacesat , as having links with the Chinese military, laying the groundwork for potential sanctions.

Earlier in the year the U.S. Department of Defense (DOD) document listed 20 companies operating in the United States that Washington alleges are backed by the Chinese military.

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