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China expresses serious concern over the United States halting export licenses to Tech Giant Huawei, citing U.S abuse of national security to suppress Chinese firms. Huawei has faced export restrictions for years, but licenses were previously granted to American companies. China opposes U.S actions, stating it goes against market principles, international trade rules, and damages confidence in the U.S business environment. China accuses the U.S of practicing technological hegemony. U.S officials are reportedly implementing a new policy to deny certain items to Huawei.
