China says US measures against investments break WTO rules

Beijing says it reserves the right to take countermeasures to protect its interests

FILE PHOTO: A Chinese flag is seen in front of the Friendship bridge over the Yalu River connecting the North Korean town of Sinuiju and Dandong in China's Liaoning Province on April 1, 2017. REUTERS/Damir Sagolj/File Photo

A Chinese flag in front of the Friendship bridge over the Yalu River connecting North Korea and China. Chinese commerce ministry says the US measures against China’s investments are against World Trade Organization rules. Reuters

Reuters

May 31, 2018

United States measures against China’s investments are against World Trade Organisation rules, and China reserves the right to take countermeasures, the Chinese commerce ministry said on Thursday.

China is not willing to see an escalation in Sino-US trade frictions, and believes the two countries have huge potential for co-operation, Ministry of Commerce spokesman Gao Feng said at a regular news briefing.

________

Trump says US would allow China's ZTE to remain in business after paying $1.3bn fine

________

After trade tensions between the two countries appeared to cool following talks in Washington earlier in May, the US on Tuesday said it still holds a threat of imposing tariffs and will press ahead with restrictions on investment by Chinese companies in the US.