Evergrande's denial coincided with a similar response from Xiaomi to media reports that the two sides were in talks for the said stake sale.

The Trump administration has been scrutinizing TikTok for months, alleging that the platform shares the data of US users with the Chinese government, despite the company's repeated denial of such accusations.

Such economic bullying is a blatant denial of the market economy principles that the US has always promoted, he said.

NEW YORK - American companies that supply chips and other components to Chinese telecom equipment maker ZTE Corp are experiencing sizable revenue loss after the United States imposed a denial of export privileges against the company on April 16.

Its stock price has slid by 20.3 percent since the denial order was announced.

"To meet political demand, the US Department of Commerce on Tuesday imposed a denial of export privileges against ZTE Corp for alleged violations of the export administration regulations.

This came hours after the US Department of Commerce announced activation of denial of export privileges against leading Chinese telecom equipment maker ZTE Corp for alleged violations of the Export Administration Regulations.

An official statement from ZTE said Tuesday the company is aware of activation of the denial order, and "is communicating with relevant parties proactively in order to respond accordingly. "

"During this denial phase, it was awful. "

This kind of economic bullying is a blatant denial of the market economy principles that the United States has always advocated, Geng said.

This denial came after the emergence of media reports contending that the CSRC has convened meetings in Shanghai and Beijing this year to order foreign investment banks to report details of their executives' remuneration and to prevent paying them too high.

"Chinese regulators' ban on cryptocurrency exchanges is a timely manner to address risks arising from technology-based finance, but it is not a denial of innovative technology such as blockchain," said Sun Guofeng, head of the financial research institute affiliated to People's Bank of China.