China media accuses U.S. of plot to 'colonize global business'

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Stepping up a propaganda offensive against Washington, China's state media on Friday accused the U.S. of seeking to 'colonize global business' by targeting telecom equipment giant Huawei and other Chinese companies.

In this Monday, Oct. 8, 2012 photo, a man walks near a logo at a R&D center of Huawei Technologies Inc. in Wuhan, in central China's Hubei province. Last Updated Friday, May 24, 2019 5:09AM EDT

Overnight, President Donald Trump reiterated his criticism of Beijing, accusing China of taking advantage of the United States, though he said he hoped to meet with his Chinese counterpart Xi Jinping at a meeting of leaders of the Group of 20 industrial nations in Japan next month. "In this way, it is hoping to achieve the colonization of the global business world," the newspaper said.

That would be in addition to new restrictions on sales of computer chips and other components to technology companies like Huawei. The move, announced last week with a 90-day grace period, would pose a severe challenge for Huawei, which like other Chinese manufacturers still relies heavily on imported chips and other hardware.

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What else do you call it when you pressure all your “allies” to sabotage a company or country?

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