China accuses U.S. of trying to ‘colonize global business’

Associated Press
China accuses U.S. of trying to ‘colonize global business’

Stepping up Beijing’s propaganda offensive in the tariffs standoff with Washington, Chinese state media on Friday accused the U.S. of seeking to “colonize global business” with moves against Huawei (CN:002502)  and other Chinese technology companies. There was no word from either side on progress toward resuming talks between the world’s two largest economies, though President Donald Trump said he expected to meet with his Chinese counterpart, Xi Jinping, next month at a G-20 meeting in Japan. Negotiations over how to cut the huge, longstanding U.S. trade deficit with China and resolve complaints over Beijing’s methods for acquiring advanced foreign technologies foundered earlier this month after Trump raised tariffs on billions of dollars of imports from China.