China urges U.S. to stop abusing the concept of national security to oppress Chinese companies
China on Friday strongly opposed the United States to unprovoked oppression of its companies and asked America to stop abusing the concept of national security after the Trump administration added SMIC and CNOOC to a defense blacklist.
"What the United States has done seriously violates the market competition principles and international economic and trade rules," foreign ministry spokeswoman Hua Chunying told a regular briefing, adding that "It will severely harm the U.S. interest and image."
The United States on Thursday added China's top chipmaker, Semiconductor Manufacturing International Corporation (SMIC), and oil giant China National Offshore Oil Corp (CNOOC) to a blacklist of so-called alleged Chinese military companies.
The U.S. Department of Defense designated a total of four additional companies as purportedly linked to the Chinese military, also including China Construction Technology Co Ltd and China International Engineering Consulting Corp.
The move brings the total number of companies blacklisted to 35. While the list did not initially trigger any penalties, a recent executive order issued by U.S. President Donald Trump will prevent U.S. investors from buying securities of the blacklisted firms starting late next year.