London has ordered a Chinese firm to reverse its acquisition of the UK’s largest microchip producer
China has accused the British government of violating international trade rules after the UK intervened to reverse the sale of the country’s largest microchip maker to a Chinese company on the grounds of “national security.” The order comes more than a year after the deal was completed.
Asked about London’s decision to bar the transaction during a Friday press conference, Chinese Foreign Ministry spokeswoman Mao Ning condemned the move, insisting Britain should “respect the legitimate rights and interests of Chinese companies” and provide a “fair, just and non-discriminatory business environment.”
“The UK has overstretched the concept of national security and abused state power to directly interfere in a Chinese company’s normal investment cooperation in Britain,” Mao told reporters. “This violates the lawful rights and…
