China denounces US ‘protectionism’ over electronic chips

[ad_1]

Head of Chinese diplomacy criticized US government restrictions on semiconductors manufactured in the Asian country. Director of China’s Center for Foreign Affairs Wang Yi attends the Munich Security Conference in Germany on February 18, 2023. Petr David Josek/AP China’s head of diplomacy Wang Yi criticized this Saturday (18) US restrictions on exports of semiconductors manufactured by Chinese companies, which he called a demonstration of “100% protectionism”. These restrictions are “100% selfish, 100% unilateral” and represent a “serious violation of the principle of free trade”, Wang Yi said during the Munich Security Conference, criticizing a position “far from free competition”. These restrictions testify to “a mistaken perception of China” by the United States, according to the diplomat. “With this realization, the United States uses all its resources to repress and vilify China and encourages other countries to do the same,” he said. “We are not afraid of competition, but we want fair competition based on rules. The United States is not,” said Wang Yi. President Joe Biden Delivers State of the Union Address to Congress In October, the United States, in the name of “national security,” announced new export controls to limit Beijing’s ability to purchase and manufacture state-of-the-art chips “used for military purposes”. Washington sought to prevent Beijing from developing its own semiconductor industry. Last week, during his State of the Union address to the US Congress, US President Joe Biden also defended domestic chip production. The United States regularly accuses China of industrial espionage and posing a threat to its national security. China announced in December that it had filed a lawsuit at the World Trade Organization (WTO) against the United States over these restrictions.

[ad_2]

Source link