Chinese Embassy Spokesperson Liu Pengyu said, “As always, we call upon the U.S. side to follow the market principle of fair competition, stop politicizing economic and trade issues, and provide a fair, just and non-discriminatory environment for Chinese and other foreign businesses.”
The statement comes after Trump ordered a reversal of China-based Suirui Group’s February 2020 purchase of U.S.-based Jupiter Systems, an audio-visual equipment company.
The company has 120 days to divest from Jupiter Systems, unless the Committee on Foreign Investment in the United States, also known as CFIUS, grants Suirui an extension.
A Federal Register notice dated July 8 states that the deal risks U.S. national security.
