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US Tightens Restrictions on Huawei Chips; MOFCOM: CN To Take Firm Measures to Safeguard Legitimate Interests of CN Firms
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The Ministry of Commerce of the People's Republic of China (MOFCOM) held a press conference in the afternoon, in which a reporter asked a question about the recent announcement made by the Bureau of Industry and Security, a division of the US Department of Commerce, that the use of Huawei's chips around the world is a violation of US export controls, according to CCTV News. The US' abuse of export control measures and tightening of restrictions on China's chip products on the basis of spurious charges seriously jeopardized the legitimate rights of Chinese enterprises, threatened the stability of the global semiconductor production and supply chain and seriously undermined the market rules and the international economic and trade order, He Yongqian, a spokesperson of the MOFCOM, said. The US' move is not conducive to the long-term mutually beneficial and sustainable cooperation and development of enterprises on both countries. China urges the US to immediately rectify its wrongdoings, and will take resolute measures to safeguard the legitimate rights and interests of Chinese enterprises. AAStocks Financial News Website: www.aastocks.com |
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