China says new US sanctions on its firms violate Xi-Biden consensus

China says new US sanctions on its firms violate Xi-Biden consensus

China has blasted the US for its decision to add dozens of its companies to a trade blacklist, saying the move violates a consensus reached between US President Joe Biden and his Chinese counterpart Xi Jinping.

On Wednesday, the Biden administration added a dozen Chinese companies to a trade blacklist over what Washington calls national security as well as foreign policy concerns.

The US Commerce Department added eight technology firms based in China to the list for their alleged role in assisting the Chinese military’s quantum computing efforts and acquiring or attempting “to acquire US origin-items in support of military applications.”

The Commerce Department also said concerns about China’s “ability to break encryption or develop unbreakable encryption” were another reason.

On Thursday, China slammed the move, with its Foreign Ministry saying that the country “will take all necessary measures to resolutely safeguard the legitimate rights and interests of Chinese companies.”



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