7/23, 7:42 PM (Source: TeleTrader)
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WH slams China's sanctions on Ross, others

White House Press Secretary Jen Psaki (pictured) criticized on Friday the Chinese Foreign Ministry over previously announced sanctions against former United States Secretary of Commerce Wilbur Ross and six other individuals and entities.

Answering questions during a daily press conference, Psaki added that there are no changes in the planned visit of Deputy Secretary of State Wendy Sherman, who will travel to China this weekend to meet with Chinese Foreign Minister Wang Yi.

"We're undeterred by these actions. We remain fully committed to implementing all relevant US sanctions authorities," Psaki commented. These actions "further illustrate" China's "deteriorating investment climate and rising political risk," she concluded.

Breaking the News / BU