US have been accused of discrimination and protectionism by the chief executive China’s one of the biggest companies, TCL.
Li Dongsheng told in an interview that the purchase of an American technology firm has been blocked by the regulators. However, he declined to take the name of the company, but said it was involved in technology and deal canceled because his company is Chinese.
Many have feared from US’s relationship with China as new President has been less fractious. Last week, President, rowing back on a campaign promise said, his administration won’t be labeling China a currency manipulator.
As far as investigation on dumping steel is launched on other counties, a common practice associated with China, he said the move had “nothing to do” with Beijing and it was all about protecting US security.
Mr. Li, chief executive of TCL, said that the lack of progress in the deal makes him frustrated as he hoped he could have finalized in under the Obama administration.
“We want to acquire a company there. But the government hasn’t approved it. It’s been six months. If we were not a Chinese company, if we were European, the deal would have been approved already, or it may not have even needed any approval,” said TCL’s Mr. Li.