China Vows to Protect Firms as US Plans Export Curbs on 200 Chip Makers
The United States is preparing to announce new export restrictions targeting approximately 200 Chinese semiconductor companies, potentially adding them to the Entity List. This move would prohibit US suppliers from shipping goods to the listed entities. The US Chamber of Commerce reportedly informed its members of the Biden administration's expected announcement via email, with Reuters citing that the regulations could be revealed as early as this week. In response, Chinese Foreign Ministry spokesperson Mao Ning firmly opposed the measures on Monday. She characterized the US actions as an abuse of export controls under the pretext of national security, arguing that they disrupt global supply chains and the international trade order. Mao Ning stated that China would take decisive measures to safeguard the legitimate rights and interests of its companies. The escalating tensions highlight the ongoing technological rivalry between the two nations, with significant implications for the global chip industry and broader economic relations. The report underscores the diplomatic friction resulting from Washington's efforts to restrict Beijing's access to advanced semiconductor technology.
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China Vows to Protect Firms as US Plans Export Curbs on 200 Chip Makers
The United States is preparing to announce new export restrictions targeting approximately 200 Chinese semiconductor companies, potentially adding them to the Entity List. This move would prohibit US suppliers from shipping goods to the listed entities. The US Chamber of Commerce reportedly informed its members of the Biden administration's expected announcement via email, with Reuters citing that the regulations could be revealed as early as this week. In response, Chinese Foreign Ministry spokesperson Mao Ning firmly opposed the measures on Monday. She characterized the US actions as an abuse of export controls under the pretext of national security, arguing that they disrupt global supply chains and the international trade order. Mao Ning stated that China would take decisive measures to safeguard the legitimate rights and interests of its companies. The escalating tensions highlight the ongoing technological rivalry between the two nations, with significant implications for the global chip industry and broader economic relations. The report underscores the diplomatic friction resulting from Washington's efforts to restrict Beijing's access to advanced semiconductor technology.
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