economy and politics

China’s Commerce Ministry denounces US chip export controls

CHIPS

Image: CGTN


China’s Commerce Ministry on Monday criticized the United States’ decision to expand export control measures on chips and advanced computing to China, saying the two sides could have cooperated to resolve the problems.

The US government on Friday published a comprehensive set of export controls to China, adding 31 Chinese entities to a so-called “unverified list”, claiming it could not inspect them.

However, the US Commerce Department removed nine of the 33 Chinese entities from a February listing. Unlike the stricter “Entity List”, companies can be removed from the “Unverified List” if they comply with an end-use review.

Thanks to the joint efforts of China and the United States, nine Chinese entities were delisted, showing that it is possible to find a solution that satisfies enterprises from both countries when the two sides adhere to the principle of sincere cooperation and benefit. mutual, according to a spokesman for the Ministry of Commerce.

FPT Software produces chips made in Vietnam in South Korea

China firmly opposes the expansion of the list and the new export control measures, the spokesman said, calling them a typical act of technological bullying that violates the spirit of cooperation between the two sides and seriously hampers bilateral trade transactions.

The spokesman added that the US move seriously undermines market rules and seriously threatens the stability of the global industrial and supply chain.

The politicization, instrumentalization, and militarization of technology and trade issues by the United States will not stop China’s development. On the contrary, it will be counterproductive, Chinese Foreign Ministry spokesman Mao Ning said at a regular briefing on Saturday.

Article republished from the Chinese state media CGTN within the framework of an agreement between both parties to share content. Link to original article:https://news.cgtn.com/news/2022-10-10/China-s-commerce-ministry-slams-US-chip-export-controls-1e1hijFi6yc/index.html





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