In a recent move, China's Ministry of Commerce called on international partners to resist economic coercion from the United States in the highly strategic semiconductor sector.
The ministry spokesperson highlighted concerns over reports that the U.S. is considering stricter measures to pressure companies from nations like Japan and the Netherlands to limit their chip trade with China.
\"We hope that relevant countries will adhere to market principles and the spirit of their contracts,\" the spokesperson emphasized. \"Resisting U.S. economic coercion is essential to safeguard the stability of global industrial and supply chains.\"
The semiconductor industry, known for its globalized nature and decades of growth, plays a pivotal role in the modern economy. The ministry accused the U.S. of misusing national security as a pretext, abusing export controls, and deliberately fragmenting the global semiconductor market.
\"China firmly opposes these practices, which deviate from free trade principles and multilateral trade rules,\" the spokesperson added, underscoring the potential disruption to economic and trade exchanges between businesses worldwide.
Reference(s):
China urges countries to resist U.S. coercion in semiconductor sector
cgtn.com
