Ministry of Commerce responds to the US's stricter restrictions on Chinese chips: Urges the US to correct its wrong practices immediately

Source: CCTV News Client

The Ministry of Commerce held a press conference this afternoon (15th). A reporter asked questions about the recent announcement by the Industrial Security Bureau of the US Department of Commerce that the use of Huawei chips around the world is a violation of US export controls.

He Yongqian, spokesman of the Ministry of Commerce, said that China has noticed the relevant situation. The US announcement is a typical non-market and unilateral bullying practice, fully exposing its unilateral and protectionist nature. The US abuses export control measures and imposes strict restrictions on Chinese chip products on false charges, seriously damaging the legitimate rights and interests of Chinese companies, seriously threatening the stability of global semiconductor production and supply chains, and seriously undermining market rules and international economic and trade order.This move by the US is not conducive to long-term mutually beneficial and sustainable cooperation and development of enterprises from both sides.China urges the US to correct its wrong practices immediately and will take resolute measures to safeguard the legitimate rights and interests of Chinese companies.

Reports related to the press conference

China urges the US to stop 232 tariff measures as soon as possible

At the regular press conference of the Ministry of Commerce held today, the spokesperson said that regarding the US tariffs on imported cars, steel and aluminum, and launching a 232 investigation into imported drugs, China believes that the US's approach is a typical unilateralist and protectionist behavior, which not only harms the rights and interests of other countries, undermines the rules-based multilateral trading system, but also does not benefit the development of its own industries. China urges the US to stop the 232 tariff measures as soon as possible and properly resolve the concerns of all parties through equal dialogue.

Ministry of Commerce discusses the next step in the Sino-US economic and trade talks

On the afternoon of May 15, the Ministry of Commerce held a regular press conference, and a reporter asked questions about the next step of the Sino-US economic and trade talks.

Ministry of Commerce spokesman He Yongqian: From May 10 to 11, China-China economic and trade leaders and Vice Premier of the State Council He Lifeng, the leader of the US economy and trade, and US Treasury Secretary Becent and Trade Representative Greer held high-level economic and trade talks between China and the US economy and trade in Geneva, Switzerland.The two sides conducted candid, in-depth and constructive communication on the implementation of the important consensus reached by the heads of China and the US dollar on January 17 this year, reached a series of important consensuses, and made substantial progress in the talks. The two sides reached the "Joint Statement on the Sino-US Economic and Trade Talks between China and the United States".In the next step, China and the United States will maintain communication on their respective concerns in the economic and trade fields based on the consensus of the China-US Geneva talks.

Ministry of Commerce introduces the Sino-US economic and trade consultation mechanism

According to Riyue Tan Tian, on the afternoon of May 15, the Ministry of Commerce held a regular press conference, and a reporter asked questions about the Sino-US economic and trade consultation mechanism.

Ministry of Commerce spokesman He Yongqian: China has always been open to resolving economic and trade concerns through dialogue and communication.Based on the consensus on the talks between China and the United States and Geneva, the two sides agreed to establish an economic and trade consultation mechanism and maintain communication on their respective concerns in the economic and trade fields.China will release relevant news in a timely manner.

Disclaimer: The views in this article only represent the author's personal views and do not constitute investment advice of this platform. This platform does not make any guarantees for the accuracy, completeness, originality and timeliness of article information, nor is it liable for any losses caused by the use or trust in article information.