Multiple measures required to counter US sanctions against Chinese businesses
CHINA HAS expressed its strong dissatisfaction and resolute opposition to the US sanctions on ZTE Corp, one of its largest telecommunications equipment makers. The US Commerce Department on Monday banned US suppliers from selling components to ZTE, claiming the company "illicitly exported" controlled items to Iran in contravention of US law. Global Times on Wednesday said China needs to better protect the legal interests of its enterprises:
To the Chinese government, the fresh sanctions on ZTE due to its "violations of US law" are unilateral and bad for the China-US relationship in the long run. It is foreseeable that more Chinese enterprises will become the subject of US trade restrictions.
On their part, Chinese companies should try their best to avoid breaching local laws should they aim to expand in the US market. On the other hand, simply catering to all local regulations and legal enforcement (sometimes selective and prejudiced) may indirectly indulge the US hegemony, overstating the international effects of US domestic laws.