xi's moments
Home | Macro

China to safeguard Chinese firms' rights, interests

chinadaily.com.cn | Updated: 2021-01-15 16:14

[Photo/IC]

China will take necessary measures to resolutely safeguard the legitimate rights and interests of Chinese companies and support them in safeguarding their own rights and interests in accordance with the law, said the Foreign Ministry on Friday.

Foreign Ministry spokesman Zhao Lijian made the comments after the US Department of Defense added nine companies, including smartphone maker Xiaomi and State-owned plane manufacturer Commercial Aircraft Corp of China, to its list of Chinese companies with alleged military ties.

Xiaomi denied having links to China's military. The company said in a statement that it's not owned, controlled or affiliated with the Chinese military, and is not an alleged Chinese military company as defined under the US National Defense Authorization Act.

The company will take appropriate measures to protect the interests of the company and its shareholders, Xiaomi said, adding that it is reviewing the potential consequences of the new order.

Xiaomi shares plunged more than 12 percent in Hong Kong on Friday. At 16:00 its shares traded at HK$29.3, down HK$3.35 or 10.26 percent.

Global Edition
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349