China Says About Growing Protectionism in US

Forex News

The Chinese Ministry of Commerce reported that the United States' restrictions on exporting technology to the country will contribute to a trade balance deficit with China. The China's commerce ministry spokesman Gao Feng said that protectionist voices are growing in the United States.

China said about the growth of protectionist sentiment in the United States and criticized Washington for blocking the Chinese company by a financial firm from the US for security reasons. The US authorities in early January did not allow Chinese Ant Financial to buy MoneyGram, one of the largest companies in the field of financial technology, for reasons of national security.