The Chinese government is considering putting more curbs on western interests, with the latest possible measures targeting the West’s access to materials and technologies used in the global car industry, the Financial Times reported citing a commerce ministry review.
Ever since the United States started imposing bans on Chinese companies, Beijing, which labeled the move as a "technology blockade," has been working to retaliate against the country, sanctioning Washington’s armament companies, launching a cybersecurity review of chip maker Micron Technology, and raiding Mintz Group’s office. The last step, according to two sources, prompted an urgent review of personnel safety, alongside trip suspension to China.
"China has not abandoned its strategy of restraint to shift to a new position of wide-ranging retaliation, but they’re going to surgically select companies to demonstrate their frustration," the FT quoted Paul Haenle, a former China adviser to US presidents George Bush and Barack Obama, as saying.
