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China Says It Reserves Right to Take Measures Against US Planned Investment Curbs 

A worker sets up decoration formed with umbrellas for an outdoor market along the Wangfujing mall street in Beijing, Wednesday, June 19, 2024. (AP)
A worker sets up decoration formed with umbrellas for an outdoor market along the Wangfujing mall street in Beijing, Wednesday, June 19, 2024. (AP)
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China Says It Reserves Right to Take Measures Against US Planned Investment Curbs 

A worker sets up decoration formed with umbrellas for an outdoor market along the Wangfujing mall street in Beijing, Wednesday, June 19, 2024. (AP)
A worker sets up decoration formed with umbrellas for an outdoor market along the Wangfujing mall street in Beijing, Wednesday, June 19, 2024. (AP)

China is gravely concerned and firmly opposed to US proposed rules for curbing certain investments in China, and reserves the right to take corresponding measures, the Chinese commerce ministry said on Monday.

The US should "stop politicizing and weaponizing economic and trade issues, and lift investment restrictions on China," the ministry said in a statement.

Washington issued on Friday draft rules for banning or requiring notification of certain investments in artificial intelligence and other technology sectors in China that could threaten US national security.

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Riyadh Air Willing to Buy Boeing Planes from Cancelled Chinese Orders

Riyadh Air aircraft. (SPA)
Riyadh Air aircraft. (SPA)
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Riyadh Air Willing to Buy Boeing Planes from Cancelled Chinese Orders

Riyadh Air aircraft. (SPA)
Riyadh Air aircraft. (SPA)

Riyadh Air CEO Tony Douglas on Monday said that the Saudi startup carrier would be ready to buy Boeing aircraft destined for Chinese airlines if they are not delivered due to the escalating trade war between the United States and China.

Boeing is looking to resell potentially dozens of planes locked out of China by tariffs after repatriating a third jet to the United States in a delivery standoff that drew new criticism of Beijing from US President Donald Trump.

"What we've done... is made it quite clear to Boeing, should that ever happen, and the keyword there is should, we'll happily take them all," Douglas said in an interview with Reuters on the sidelines of the Arabian Travel Market conference.

Boeing took the rare step of publicly flagging the potential aircraft sale during an analyst call last week, saying that there would be no shortage of buyers in a tight jet market.