BEIJING (AP) — The Latest on trade tensions between China and the United States (all times local):
A Chinese video surveillance company says it is taking concern about the use of its technology seriously following a report that the U.S. may block several Chinese surveillance companies from buying American components.
Hikvision said in a statement Wednesday that it “has engaged with the U.S. government regarding all of this since last October” and retained an American lawyer to advise it on human rights compliance.
Bloomberg reported earlier that the Trump administration may blacklist Hikvision and several others because of concern about their role in a crackdown on ethnic Muslim Uighurs in China’s Xinjiang region.
Chinese makers of smartphones and other products rely on U.S. components but Beijing is spending heavily to develop its own suppliers.
The Finance Ministry said software and integrated circuit companies founded before the end of 2018 will owe no income tax for their first two years and the rate will be cut by half in the third through fifth years.