The Chinese government accused the US of misusing national security as an excuse to harm commercial competitors, after President Donald Trump signed an order that prohibits transactions with payment services Alipay and WeChat Pay and six other applications.
The order escalated the conflict with China over technology, security and espionage allegations that has sunk relations between the United States and the Asian nation. The confusion in the financial markets continues, the New York Stock Exchange announced that it would eliminate three Chinese telephone companies and then retracted. measures in the American economy, the truth is that many Chinese companies that operate in the country employ many citizens and this could have serious consequences for Americans employed by firms from the Asian country.
“This is another example of the intimidating, arbitrary and hegemonic behavior of the United States,” said a spokeswoman for the Ministry of Foreign Affairs, Hua Chunying, regarding the measures that are being taken. “This is an example of how the United States overgeneralizes the concept of national security and abuses its national power to unjustifiably repress foreign companies “.
The representative of the Chinese government assured that her country will take the necessary measures to protect Chinese companies . Trump’s order cites unspecified concerns about apps that collect personal and financial data from Americans and hand it over to the Chinese government.
The Trump administration also imposed restrictions on access to US technology for Chinese telecommunications equipment maker Huawei and some other companies. A November order prohibits US investors from buying shares issued by companies that are considered linked to the Chinese military.
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