Reuters reports the Chinese government's top diplomat Wang Yi stated on Wednesday that the U.S. pressure on Chinese firms such as tech giant Huawei Technologies is economic bullying and a move to try to prevent the country's development process.

"The use of U.S. power to suppress China's private enterprises, such as Huawei, is typical economic bullying," Wang said in a statement on the website of China's foreign ministry.

In another statement, Wang said that China's door would always be open to the U.S. for trade negotiations, but would not accept any unequal agreements.