China Vows Countermeasures on U.S. Sanctions Against Its Firms

China threatened to impose countermeasures after Washington decided to blacklist more than 60 Chinese companies, a sign that tensions between the world’s two biggest economies may further escalate during the final days of Donald Trump’s presidency.

The U.S. has “abused” export controls to suppress enterprises, institutions and individuals of other countries, China’s Ministry of Commerce said in a statement on Saturday.

The U.S. Commerce Department cited national security and human rights violations as reasons for blacklisting the Chinese companies in an announcement on Friday. Shanghai-based chip maker Semiconductor Manufacturing International Corp. and Shenzhen-based drone giant SZ DJI Technology Co. ...