China threatens U.S. health product supplies over Huawei scuffle

China threatens U.S. health product supplies over Huawei scuffle
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[Ed. – They haven’t gotten the memo: free-market capitalism always wins when it fights back.]

China may restrict American access to medical supplies in retaliation for intensifying U.S. regulations on Huawei, according to a prominent economist and Chinese Communist Party adviser.

“For vitamins and antibiotics, more than 90% of their raw materials are produced in China,” Tsinghua University finance professor Li Daokui said in response to new regulations targeting the flagship telecommunications company. “The U.S. will definitely not be able to produce them in the short term.” …

He spoke after Commerce Department officials unveiled new regulations designed to make it more difficult for Huawei to obtain electronic supplies derived from U.S. technology, in keeping with American warnings that the telecommunications giant is a platform for Chinese spy services.

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