By Leslie Hook in Beijing
A founder of one of China’s leading companies has branded Barack Obama and US regulators as “petty scoundrels” in the latest exchange over restrictions on Chinese companies’ access to the US market.
Xiang Wenbo, one of China’s richest men and a founding member of the Sany Group, lashed out at US regulators on Thursday in an unusual outburst that highlights the rising commercial tensions between the world’s two largest economies.
“They are petty scoundrels who can’t be reasoned with,” said Mr Xiang, referring to the Committee on Foreign Investment in the US and to President Obama, who last month blocked a Sany-affiliated wind farm in Oregon on national security grounds. The case has added to a growing sense among Chinese companies that they face discrimination in their efforts to expand into the US, a situation exacerbated by the US presidential election, they say.