China criticises US order towards coping with Chinese language apps, Telecom Information, ET Telecom

Beijing: China’s authorities on Wednesday accused Washington of misusing national security as an excuse to harm business rivals after President Donald Trump signed an order banning transactions with cost providers Alipay and WeChat Pay and 6 different apps. Tuesday’s order escalated a battle with Beijing over know-how, safety and spying accusations that has plunged U.S.-Chinese language relations to their lowest stage in many years.

It adopted confusion in monetary markets after the New York Inventory Alternate introduced final week it might take away three Chinese language telephone corporations after which withdrew that plan Monday.

“That is one other instance of the U.S.’s bullying, arbitrary and hegemonic behaviour,” mentioned a overseas ministry spokeswoman, Hua Chunying.

“That is an instance of the US over-generalizing the idea of nationwide safety and abusing its nationwide energy to unreasonably suppress overseas corporations.”

Beijing will take unspecified “obligatory measures” to guard Chinese language…