-- China warned it would hit back at the European Union if the proposal to ban Huawei's equipment is implemented, Bloomberg News reported Thursday, citing a statement from China's mission to the E.U.
Commission Executive Vice President Henna Virkkunen proposed a ban to phase out equipment from Huawei and ZTE (HKG:0763, SHE:0000630) from the bloc over cybersecurity risks, according to the report.
China's mission asked to remove language that called equipment from the mainland a cybersecurity concern and that labelled Chinese companies "high risk" suppliers, the media outlet reported.
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