China claims the US is suppressing Chinese firms

  • On Friday China claimed the United is suppressing Chinese firms. This statement came after U.S president Joe Biden on Thursday has listed 59 Chinese firms in the U.S which are off-limits to U.S investors.

  • Whereas, the U.S has revealed the American investors over their connection to the Chinese military-industrial complex. In the former president of U.S Donald Trump's administration, 31 Chinese firms were listed which are involved in funding China's military.

  • However, China's foreign minister has declared this as a violation of market law and also plans to suppress the Chinese firms

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