Washington wants to curb investment in China to protect U.S. technology – Beijing wants to fight back. According to a report, companies such as Baidu, ByteDance or Alibaba are relying on urgent purchases from a US manufacturer. China wants to "resolutely defend their own rights and interests," the Chinese state broadcaster CCTV quoted a spokesman for the Foreign Ministry in Beijing as saying on Thursday. The dispute over high-performance chips could exacerbate tensions between the world's two largest economies.