Market
What will be the impact on the Beijing-based cybersecurity firm's operations by June 30, 2025?
3
Resolution / Starting Odds
Significant Impact • 25%
Moderate Impact • 25%
No Impact • 25%
Firm Closes • 25%
Financial reports of the firm or major news outlet reports
Story
China Opposes U.S. Sanctions Against Beijing-Based Cybersecurity Firm, Vows to Protect Rights
Jan 6, 2025, 10:36 AM
In response to recent sanctions imposed by the U.S. Treasury Department against a Beijing-based cybersecurity firm over hacking allegations, Chinese Foreign Ministry spokesperson Guo Jiakun stated that China firmly opposes what it describes as the U.S.'s exaggeration of so-called Chinese cyberattacks. During a routine press conference, Guo emphasized that China would take necessary measures to protect its legitimate rights and interests. He reiterated Beijing's stance against unilateral sanctions, labeling them as illegal. This statement follows the U.S. government's actions, which China views as part of a broader pattern of foreign interference and cyber threats against its national security.
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