Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Chinese state media slams 'madness' of U.S. tech purge

Published 08/06/2020, 09:05 PM
Updated 08/06/2020, 09:05 PM
© Reuters. FILE PHOTO:  U.S. Secretary of State Pompeo attends a news conference in Washington

SHANGHAI (Reuters) - Washington's plan to ban certain technologies of Chinese origin is a sign of "madness" in U.S. Secretary of State Mike Pompeo, China's state-backed tabloid Global Times wrote in an editorial on Thursday.

"Pompeo has uttered anti-China remarks almost every day, and constantly played tricks to intensify conflicts between China and the U.S., and display Trump administration's toughness toward China," the editorial read.

The U.S. State Department on Wednesday published an expanded update of a plan called the "Clean Network" calling for telecom companies, cloud service providers, and mobile apps of Chinese origin to be kept out of the United States.

"From the long-term perspective, it's incredible that the U.S. information industry could totally detach from the Chinese market," the Global Times wrote.

"It would pose a severe test for U.S. companies if U.S. chips, software, and terminal equipment become irrelevant to the Chinese market."

If enacted, the plan would mark an escalation in the ongoing tech spat between the United States and China.

Washington has already banned Shenzhen-based Huawei Technologies Co Ltd [HTW.UL] from building out 5G telecommunications networks in the United States.

It is also in the process of forcing a sale of TikTok, a popular social media app created by Beijing-based ByteDance to Microsoft Corp (O:MSFT).

Chinese foreign ministry spokesman Wang Wenbin on Thursday called the Clean Network plan "preposterous and dirty-handed".

Latest comments

let China out of world wide web, anyway they just want to play by their own game with their great Wall !
umm snake....the us covers up lead contaminated water all the time which is probably how the lead got in the formula buddy
All Xi has to do is to forbid apple starbucks and tesla from selling products and trump will cave
i think the west still dont get it. Xi let Tesla to invest mega factory with borrowed money. Soon,therell be china version of tesla and sold at cheapest price. Tesla Company sales plunge and go bankrupt, China auto company taking over tesla with all the patterns.
XI owes the world for their WUHAN VIRUS BIOWEAPON and for decades of STOLEN Intellectual Property. LIARS AND THIEVES AND WORSE
How many usa app get approved in china if the app does give data to gov? None.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.