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CHINA CRITICIZES US TRADE PROBE AS PROTECTIONISM; NEW SANCTIONS ON N. KOREA

China’s Commerce Ministry yesterday criticized a U.S. decision to launch a trade probe of Beijing’s technology policy as an attack on the global trading system and said it will “resolutely defend” Chinese companies.

Trade groups welcomed President Donald Trump’s Aug. 14 order to look into whether Beijing improperly requires companies to hand over technology as a condition of market access. U.S. Trade Representative Robert Lighthizer announced a formal investigation this week.

The action improperly applies U.S. law instead of international rules and is “the destruction of the existing international trade system,” said a ministry spokesman, Gao Feng, at a news briefing.

Read more at Macau Daily Times

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