Wang Wenbin: The US "Chip and Science Act" is another example of economic coercion

Q

According to the "Office of the Foreign Ministry spokesman's office", at the regular press conference of the Ministry of Foreign Affairs on August 10, a Bloomberg reporter asked: US President Biden signed the "Chip and Science Act" as a law, including $ 52 billion to add to the addition of $ 52 billion to plus addition Greater US semiconductor research and development. What are the comments by the Ministry of Foreign Affairs?

A

Wang Wenbin: The Chinese competent department has clarified its position on relevant bills. Organizations such as the China Trade Council and the China International Chamber of Commerce also issued a statement that opposed the involved in unfew intervention of the United States bills and restricting the economic and trade and investment cooperation of the global industrial and commercial community.

The United States Act claims that it aims to enhance the competitiveness of the US technology and chip industry, but it provides huge subsidies for the US local chip industry, and promotes differentiated industrial support policies. The terms of the cooperation will distort the global semiconductor supply chain and disturb the international trade. China will resolutely oppose it. The so -called "protection measures" of the law presents a strong geopolitical color and is another example of the United States for economic stress.

How the United States develops itself is the United States, but it should be in line with the relevant rules of the WTO, in line with the principle of openness and transparency, non -discrimination, and conducive to maintaining the security and stability of the global industrial chain supply chain. Obstacles should not damage China's legitimate development rights. Sino -US economic and trade and scientific and technological cooperation is conducive to the common interests of both parties and the common progress of human beings. To restrict "decoupling" will only harm others.

What I want to emphasize is that China insists on putting the development of the country and the nation on the base point of its own strength, and any restrictions can not stop the pace of China's scientific and technological development and industrial progress.

Foreign Ministry spokesman's office

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