BEIJING (AP) — China on Tuesday criticized Washington’s efforts to enforce U.S. law abroad following a news report three Chinese banks might be penalized over dealings with North Korea.
The banks named by The Washington Post as facing possible loss of access to the U.S. financial system denied they were under investigation.
The Post said a court found three Chinese banks in contempt for ignoring demands for information about possible violations of sanctions imposed over North Korea’s nuclear program. The newspaper said the court didn’t identify the banks but their details fit the identities of Bank of Communications, China Merchants Bank and Shanghai Pudong Development Bank.
“We consistently oppose the so-called long-armed jurisdiction of the United States on Chinese companies,” said a foreign ministry spokesman, Geng Shuang. Geng gave no confirmation of the Post’s report.
The order comes at a time of U.S.-Chinese tension over technology and trade disputes. The two governments have raised tariffs on billions of dollars of each other’s imports. Washington has threatened to reduce Chinese tech giant Huawei’s access to U.S. components and technology.