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China still lags US in trade (3)

(China Daily)

09:25, February 15, 2013

On Wednesday, the US formally imposed sanctions against four Chinese companies, and a businessman connected to one of them, for alleged violations of bans on sharing military technology with the Democratic People's Republic of Korea, Syria and Iran.

Two days after announcing them, the State Department made official the sanctions, which also involve claims of misdeeds by entities from Belarus, Iran, Sudan, Syria and Venezuela.

Ministry of Commerce spokesman Shen Danyang called the US move "irresponsible" and said the State Department had acted against Chinese companies and citizens without providing evidence.

The US move, according to Shen, hurts the interests of Chinese companies, disrupts the order of international trade and hinders development of bilateral trade.

The companies are Poly, BST Technology and Trade Co, China Precision Machinery Import and Export Corp, and Dalian Sunny Industries. Li Fangwei, also known as Karl Lee, a businessman tied to Dalian Sunny, was also hit with sanctions.

The sanctions bar the entities named from dealing with the US government or buying US military equipment until February 2015.

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Email|Print|Comments(Editor:HuangBeibei、Li Zhenyu)

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