He took home $25 million last year, the bank said in a filing Friday, down from $35 million a year earlier
China opposes the US Federal Communications Commission's ban on new Chinese telecommunications equipment sales, the commerce ministry said on Thursday, vowing to adopt necessary measures to safeguard the rights of its domestic firms.
Last week, the Biden administration banned the sale or import of new telecommunications equipment from China's Huawei Technologies and ZTE, citing national security risks.
"China will adopt necessary measures to safeguard the legitimate rights of domestic firms," said Chinese commerce ministry spokesperson Shu Jueting at a regular press conference, urging the United States to correct the wrongdoing and stop politicising and weaponising economic and trade issues.
The FCC's move represents Washington's latest crackdown on the Chinese tech giants amid fears that Beijing could use them to spy on Americans.
Huawei and ZTE have consistently denied US government allegations that it could spy on US customers and poses a national security threat.
Washington designated five Chinese companies to the so-called "covered list" in March 2021: Huawei, ZTE, telecoms firm Hytera Communications Corp, video surveillance firm Hikvision and surveillance equipment maker Dahua. The commission said the following June that it was considering banning all equipment authorisations for the firms on the list.
Chinese commerce minister Wang Wentao expressed concerns over US trade restrictions against China during a recent talk with US Trade Representative Katherine Tai, Shu said last week.
He took home $25 million last year, the bank said in a filing Friday, down from $35 million a year earlier
US consumer spending fell for a second straight month in December
Build-to-rent investment portfolio in prime location in Dubai
Hotel boasts 257 premium guest rooms designed with Emirati touches in the layout and décor
BBME connects students from leading universities and academies with working professionals to encourage careers in maritime, project cargo, and logistics
MSCI’s all-country index held onto modest gains and headed for 6-day winning streak
Experts to focus on the emerging technology trends in healthcare in deliberations and panels
Viewz will deliver apartments with Aston Martin furnished interiors and Sky Villas in 2026