China warned Washington on Thursday it will “resolutely safeguard” its interests ahead of a possible decision in an investigation into whether Beijing improperly pressures foreign companies to hand over technology.

The United States (US) is disrupting the international trading order by carrying out the “Section 301” investigation under its own laws instead of through the World Trade Organization (WTO), said Commerce Ministry spokesman Gao Feng.

Trump ordered US trade officials in August to investigate whether Beijing uses market access restrictions or other tools to compel foreign companies to hand over technology. A decision is expected as early as this month, though American officials have set no date.

“If the United States insists on unilateral and protectionist practices that will undermine the interests of China, we will take all necessary measures and resolutely safeguard the legitimate rights and interests of China,” Gao said at a regular briefing.

If the investigation concludes Beijing acted improperly, Washington could seek remedies either through the WTO or outside of it.

Gao gave no indication of how Beijing might respond but Chinese law gives regulators broad discretion over what foreign companies can do in China.

Gao also criticised the US for using “so-called national security” as a reason to block a Chinese billionaire's acquisition of money transfer service MoneyGram.

The proposed purchase by e-commerce tycoon Jack Ma's Ant Financial Group was a “normal commercial investment,” said Gao.

The deal was called off last week after failing to win approval from a US government panel that reviews proposed acquisitions of American companies for possible threats to national security.

“We regret to note that normal commercial investment and mergers and acquisitions conducted by Chinese enterprises in the United States are once again hindered by so-called 'national security',” said Gao.

He added that Beijing has no objection to a “normal security review” but worries other governments use them as an excuse to set up barriers to unfairly stop unwanted activity.

Opinion

Editorial

Dangerous law
Updated 17 May, 2024

Dangerous law

It must remember that the same law can be weaponised against it one day, just as Peca was when the PTI took power.
Uncalled for pressure
17 May, 2024

Uncalled for pressure

THE recent press conferences by Senators Faisal Vawda and Talal Chaudhry, where they demanded evidence from judges...
KP tussle
17 May, 2024

KP tussle

THE growing war of words between KP Chief Minister Ali Amin Gandapur and Governor Faisal Karim Kundi is affecting...
Dubai properties
Updated 16 May, 2024

Dubai properties

It is hoped that any investigation that is conducted will be fair and that no wrongdoing will be excused.
In good faith
16 May, 2024

In good faith

THE ‘P’ in PTI might as well stand for perplexing. After a constant yo-yoing around holding talks, the PTI has...
CTDs’ shortcomings
16 May, 2024

CTDs’ shortcomings

WHILE threats from terrorist groups need to be countered on the battlefield through military means, long-term ...