China has criticized recent actions by the United States in the semiconductor industry, labeling its domestic chip sector incentives as \"discriminatory.\" He Yadong, spokesperson for China's Ministry of Commerce (MOC), expressed concerns over U.S. subsidies and tax incentives that are compelling companies to choose between operating in China or relocating to the United States.
The U.S. government has been providing substantial financial support to its domestic chip sector, which China argues violates market laws and international trade rules. He Yadong highlighted that these measures are disrupting the global semiconductor supply chain and creating an uneven playing field in the industry.
He emphasized that the semiconductor sector is highly globalized, benefiting from the diverse resources and market dynamics of different countries. China remains committed to promoting high-level opening up and welcomes global semiconductor firms to invest in the country, aiming to foster a healthy and collaborative global semiconductor industry chain.
In addition, He Yadong addressed the U.S. Department of Commerce's consideration to add several Chinese chip companies linked to Huawei to the sanctions list. He condemned the politicization and weaponization of economic, trade, and technological issues by the U.S., accusing it of abusing export controls and unjustly sanctioning Chinese enterprises. This, according to China, has severely disrupted global industrial and supply chains.
China views the U.S. actions as economic bullying that undermines international economic and trade rules, thereby damaging the global economic and trade order. While urging the United States to cease such practices, the spokesperson assured that China will take necessary measures to protect the legitimate rights and interests of its enterprises.
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China says U.S.' domestic chip sector incentives are 'discriminatory'
cgtn.com
