News Snapshot:
D.US President Donald Trump has banned transactions with eight Chinese operators. The incumbent signed a decree Wednesday night. The move is expected to create further tensions in US-China relations, two weeks before the transfer of power to Democrat Joe Biden. Affected applications include payment service from Ant Group Alipay, Tencent Holdings’ QQ Wallet, Visat Pay and office software WPS Office from Kingsoft Office Software. The Chinese Foreign Ministry has announced “necessary measures” to guarantee the legitimate rights of Chinese companies, but has not yet gone into specific terms. A senior Chinese government official said the ban was imposed to prevent...
