What’s new: China’s commerce ministry has opposed Washington’s plan to launch a formal trade investigation into its maritime, logistics and shipbuilding sector, calling the move “a mistake.”
The petition against Chinese businesses was “filled with unfounded accusations” and misinterpreted normal trade and investment practices as harming U.S. national security and corporate interests, a Chinese Commerce Ministry spokesperson said on Wednesday. “It lacks factual basis and goes against economic common sense to blame China for America’s own industrial problems.”
