Connect with us

Investing

China’s targeting of US firms is politically motivated, US ambassador says

Published

on

© Reuters. FILE PHOTO: U.S. and Chinese flags are seen in this illustration taken, January 30, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

WASHINGTON (Reuters) – The United States will push back on China’s targeting of U.S. firms, which Washington considers politically motivated and unfair, U.S. Ambassador to China Nicholas Burns said at an event on Wednesday.

“Looks political in nature, looks like payback,” Burns said regarding Chinese actions against U.S. companies. He added Washington was looking for “peaceful competition” with Beijing.

Read the full article here

Trending