China urges US to avoid damaging business confidence

26/4/2018 18:04

        China appealed to Washington to avoid damaging business confidence following a report that U.S. authorities are investigating whether Chinese tech giant Huawei violated sanctions on Iran amid spiraling technology tensions.
        
        The Wall Street Journal's report came ahead of a visit by U.S. Treasury Steve Mnuchin to Beijing next week to discuss President Donald Trump's threat to raise tariffs on Chinese goods in a dispute over technology policy.
        
        Last week, Washington barred Huawei rival ZTE Corp. from exporting U.S. technology in a separate case over exports to Iran and North Korea.
        
        Foreign ministry spokeswoman, Hua Chunying, said China opposes any country imposing unilateral sanctions based on its own law.