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 Whining China says U.S. semiconductor export restrictions will backfire

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Whining China says U.S. semiconductor export restrictions will backfire Vide
PostSubject: Whining China says U.S. semiconductor export restrictions will backfire   Whining China says U.S. semiconductor export restrictions will backfire Icon_minitimeSun Oct 09, 2022 1:42 am
China's foreign ministry issued a sharp rebuke of U.S. policy on Saturday, proclaiming new American rules limiting the export of semiconductors will backfire and not hold back China's development.

Whining China says U.S. semiconductor export restrictions will backfire China-says-US-semiconductor-export-restrictions-will-backfire

The ministry said the U.S. Department of Commerce's move to implement new export controls ran counter to the "principle of fair competition."

"In order to maintain its sci-tech hegemony, the U.S. has been abusing export control measures to wantonly block and hobble Chinese enterprises," Chinese Foreign Ministry spokesperson Mao Ning told reporters during a Saturday news conference.

"Such practice runs counter to the principle of fair competition and international trade rules. It will not only harm Chinese companies' legitimate rights and interests, but also hurt the interests of U.S. companies," she said.

.https://www.upi.com/Top_News/World-News/2022/10/08/commerce-semiconductor-restrictions-china-critical/3921665245406/

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