China hits back at potential US blacklist of Ant Group

This undated photo shows a logo for Ant Financial, the financial arm of e-commerce giant Alibaba, is seen in Hangzhou, Zhejiang province. - VCG

BEIJING (China Daily/ANN): China opposes the United States' practice to abuse the concept of "national security" to oppress foreign companies, Foreign Ministry spokesman Zhao Lijian said at a daily news briefing.

The US side should respect market economies and the principle of fair competition, abide by global economic and trade rules and provide an open, fair and non-discriminatory business environment, Zhao said.