China's Commerce Ministry, On U.S. Order On DeepSeek, Says China Firmly Opposes This; U.S. Move Discriminatory, Politicizes Tech And Trade Issues Under Guise Of National Security; U.S. Action Disregards Consensus Reached Between Chinese, U.S. Heads Of State; Urges U.S. To Immediately Correct Wrong Practices, Revoke Discriminatory Restrictions On Chinese Firms

10/20/2026
Impact: -75
Financial Services

China's Commerce Ministry has expressed strong opposition to a recent U.S. order affecting the Chinese firm DeepSeek, labeling it as discriminatory and politicizing technology and trade under the pretext of national security. The Ministry criticized the U.S. for disregarding agreements made between the leaders of China and the U.S. and urged the U.S. to rectify its actions and lift restrictions on Chinese companies.

AI summary, not financial advice

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