Beijing lashed out on Wednesday at Britain's decision to ban Huawei equipment, saying London had become "America's dupe" and vowing to take measures to protect the interests of Chinese companies.

The British government bowed to growing US pressure and pledged Tuesday to remove Chinese telecoms giant Huawei from its 5G network by 2027, despite warnings of retaliation from Beijing.

"China will fully and solemnly assess this matter, and will take a series of necessary measures to safeguard Chinese companies' legitimate rights and interests," Chinese foreign ministry spokesperson Hua Chunying said at a routine briefing.

"Any decisions and actions (by Britain) must come at a cost," Hua said, without elaborating.

READ | UK bans Huawei from 5G networks in security crackdown

US officials hailed Britain's decision, saying it showed a "growing international consensus" that Huawei and other companies allegedly linked to the Chinese state pose a threat to national security.

Hua claimed London "(acted) in coordination with the US to discriminate against, suppress and eliminate" Huawei, and accused Britain of becoming "America's dupe".

Huawei has become a pivotal issue in the geopolitical war between China and the US, which claims that the firm poses a significant cybersecurity threat.

The US has also requested the extradition of Huawei executive Meng Wanzhou on fraud charges, worsening relations between China and Canada, where she is currently under house arrest.

Beijing suggested that Britain might face further repercussions for the move, and warned Chinese companies to think twice about investing there.

WATCH | China warns UK: dropping Huawei will cost you

Over the past decade, successive UK governments have encouraged the growth of economic ties between Britain and China, which have become more crucial as London finalises its departure from the European Union.

"This is an issue that seriously threatens the security of Chinese investment in the UK, and is also a question of whether we can trust the UK market to remain open, fair and free from discrimination," said Hua.

"We have also reminded all Chinese enterprises to attach great importance to the increasing political security risks they face when conducting business in the UK."