The United States passed the "Chip Act" to restrict the relevant enterprises in China and the Ministry of Economic and Trade and Commerce: China resolutely opposed

Recently, the United States has passed the Chip and Science Act. Some lawyer analysis believes that the financial funding of the chip manufacturing industry in the bill has suspicion of constituting prohibited subsidies and appeal subsidies. The "guardrail clauses" are also suspected of violating WTO's requirements for the best benefit and national treatment.

On August 18, the Ministry of Commerce responded that the United States issued the "Chip and Science Act" to provide huge subsidies and tax incentives for the US local chip industry, which is a typical differentiated industrial support policy. Some of these terms are limited to the normal economic and trade and investment activities of enterprises in China, have obvious discrimination, seriously violate market rules and international economic and trade rules, and will distort the global semiconductor supply chain and disturb the international trade. China has resolutely opposed it.

The Ministry of Commerce pointed out that the implementation of the US bill should comply with the relevant rules of the WTO, in line with the principles of openness, transparency, and non -discrimination, which is conducive to maintaining the security and stability of the global industrial chain supply chain and avoiding fragmentation. China will continue to pay attention to the implementation of the bill, and take strong measures to safeguard its legitimate rights and interests if necessary.

Red Star News reporter Wang Tian

Edit Yu Dongmei Wang He

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