U.S. Commerce Secretary Raimondo called for measures to restrict China’s access to semiconductors and cutting-edge technologies. The Department of Commerce responded.

On December 7, the Ministry of Commerce held a regular press conference.

At the meeting, a reporter asked: According to reports, U.S. Commerce Secretary Gina Raimondo recently stated at the annual defense forum that China poses a major threat to U.S. national security and called for measures to limit China’s access tosemiconductorand cutting-edge technology. What does the spokesperson think of Raimondo’s remarks?How does China respond to the U.S.semiconductorand export restrictions on cutting-edge technology?

Ministry of Commerce spokesperson He Yadong said: When President Xi Jinping met with President Biden in San Francisco, he emphasized that China has no plans to surpass or replace the United States, and the United States has no plans to suppress or contain China. Suppressing China’s science and technology is to curb China’s high-quality development and deprive the Chinese people of their right to development. The two heads of state agreed to “responsibly manage competitive factors in bilateral relations.” We hope that relevant U.S. departments will work with us to effectively implement the important consensus reached at the San Francisco meeting between the heads of state of China and the United States.

China has repeatedly pointed out that the United States overextends the concept of national security, abuses export controls, restricts two-way investment and other measures against China, undermines market rules and international economic and trade order, and threatens the stability of global industrial and supply chains. We firmly oppose this. These measures cannot stop China’s development and growth, but will only cause American companies to lose the Chinese market and harm their own interests. China will pay close attention to the trends and impacts of relevant US measures and resolutely safeguard its own rights and interests.

Press conference related reports

The United States will restrict Chinese companies and battery components from receiving electric vehicle tax credits. Department of Commerce responds

According to the website of the Ministry of Commerce, on December 7, the Ministry of Commerce held a regular press conference.

Some reporters said that the United States issued guidance last week that will restrict Chinese companies and companies starting next year.BatteryParts receive electric vehicle tax credits.

Ministry of Commerce spokesman He Yadong said China’s electric vehicles and related products are popular in the global market. The U.S. government issued detailed implementation rules for the electric vehicle subsidy policy of the “Inflation Reduction Act”, which treats Chinese companies discriminatoryly and excludes Chinese companies’ products from the scope of subsidies. This is a typical “non-market-oriented policy and practice.” The above-mentioned discriminatory subsidy policies of the United States violate the basic principles of the WTO, seriously disrupt international trade and investment, and undermine the stability of global industrial and supply chains. At present, many WTO members, including China, have expressed serious concerns about the above-mentioned policies at the WTO Council for Trade in Goods and other occasions. Electric vehicles are a technology-led industry, and full competition is the key to technological progress. The United States has artificially set up trade barriers to hinder fair competition, which will do no good to the development of electric vehicle technology and industry. The United States should respect market principles, strictly abide by WTO rules, correct wrong practices of discriminatory subsidies, and create a fair, just and non-discriminatory business environment. China will continue to evaluate the implementation of the US measures and take necessary measures to safeguard its legitimate rights and interests.

Ministry of Commerce: Launching a countervailing investigation into Chinese electric vehicles is not in the interests of the Chinese and European auto industries

According to the Ministry of Commerce website, the Ministry of Commerce held a regular press conference today. A reporter asked: According to reports, the German government has reservations about the EU launching a countervailing investigation into Chinese electric vehicles. The German government said that tariffs can protect EU industries, but they may also have a negative impact. What is the Ministry of Commerce’s comment on this?

Ministry of Commerce spokesperson He Yadong said that on October 4 this year, the European Commission launched a countervailing investigation on Chinese electric vehicles on its own without any application from the EU industry. The European Commission’s launch of an investigation lacks sufficient evidence and is a typical act of trade protectionism. Not only is China strongly opposed, it is also questioned by many EU member states and EU industries, which believe that protectionist measures will only be counterproductive.

China believes that this countervailing investigation is not in the interests of the Chinese and European automobile industries, seriously disrupts and distorts the global automobile industry chain and supply chain, including the EU, is not conducive to China, the EU and the world’s response to climate change, and will have a negative impact on China-EU economic and trade relations. Influence.

The essence of China-EU economic and trade cooperation is complementary advantages and mutual benefit. We hope that the European Commission can listen carefully to the opinions of all parties, abandon trade protectionist practices, support China and Europe’s automotive industry in deepening trade and investment cooperation, promote mutually beneficial and win-win development, and create a good environment for China and Europe to jointly respond to climate change and achieve green transformation.

(Source of article: The Paper)

Article source: The Paper

Original title: The U.S. Commerce Secretary called for measures to restrict China’s access to semiconductors and cutting-edge technologies, and the Department of Commerce responded

Solemnly declare:Oriental Fortune publishes this content to disseminate more information. It has nothing to do with the position of this site and does not constitute investment advice. Operate accordingly at your own risk.

2023-12-07 07:58:12
#U.S #Commerce #Secretary #Raimondo #called #measures #restrict #Chinas #access #semiconductors #cuttingedge #technologies #Department #Commerce #responded

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.