The Ministry of Commerce said last Tuesday that China stands ready to take necessary measures to safeguard the legitimate rights and interests of Chinese companies.
The comments came in response to media reports that the US is banning American companies from selling components to Chinese telecom equipment maker ZTE Corp for seven years.
ZTE Corp, a leading Chinese telecom equipment vendor, has conducted extensive trade and investment cooperation with hundreds of US companies and contributed tens of thousands of jobs to the US.
It is hoped that the US will properly handle the matter in accordance with regulations and create a fair, equitable and stable legal and policy environment for the enterprise, the ministry said in a statement.
The ministry will pay close attention to the progress of the situation and stands ready to take necessary measures to safeguard the legitimate rights and interests of Chinese companies, it added.
ZTE said "It is assessing the full range of potential implications that this event has on the company and is communicating with relevant parties proactively in order to respond accordingly."
ZTE accounts for about 10 percent of the global telecom equipment market, and 30 percent of the Chinese telecom market.