China Announces New Sanctions Against US Companies

Beijing. China has announced new sanctions against the United States. Sanctions and export control measures were announced on Wednesday against the US and its companies. Beijing has stated that these steps are in retaliation for various sanctions recently imposed by the US government against Chinese companies.

This decision has been made public ahead of the expected summit between Chinese President Xi Jinping and US President Donald Trump in the US next month. For the past few years, tensions have been continuously rising between the world's two largest economies, the US and China, on issues of trade, technology, national security, and human rights. Although both countries have expressed commitment to keeping relations in 'constructive strategic stability', the new sanctions have indicated that competition has intensified further.