1/28, 3:11 PM (Source: TeleTrader)
more TeleTrader news

China: US unreasonably inhibiting Chinese companies

The Chinese Commerce Ministry stated in an online announcement on Friday that the United States needs to stop impeding the operations of Chinese companies on US soil and provide them with fair and proper treatment.

The statement came after the US Federal Communications Commission (FCC) unanimously revoked China Unicom's authority to do business in the US. The Commerce Ministry also said that China will "resolutely safeguard legitimate rights and interests of Chinese enterprises."

The Chinese Unicom has been given 60 days to cease all operations on US ground, while various other Chinese companies are in the process of security investigation by the FCC.

Baha Breaking the News (BBN) / SP