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China is seriously concerned about a report that the United States has stopped granting U.S companies export licenses to Tech Giant Huawei thats ing to a foreign Ministry spokesperson on Tuesday Huawei has faced U.S export restrictions around five due related items and other Technologies for several years but officials had granted licenses for American firms including Qualcomm to sell certain Goods to Huawei Chinese foreign Ministry spokesperson Mao ning said in a Beijing press conference that China opposes the U.S abusing an overly broad notion of National Security to suppress Chinese firms unreasonably she said the move goes against the principles of the market economy and rules of international trade and finance and hurts the confidence the International Community has in the U.S business environment she also accuses the US of practicing blatant technological hegemony sources told Reuters that U.S officials are creating a new formal policy of denial which prevents particular items b
