Department of Commerce: Resolutely oppose

The Ministry of Commerce held a routine conference today. Recently, the United States passed the "Chip and Science Act" in the near future. A spokesman for the Ministry of Commerce stated that it resolutely opposed the disruption of international trade, and took strong measures to safeguard its legitimate rights and interests if necessary.

The Ministry of Commerce stated that the United States issued the "Chip and Science Act" to provide huge subsidies and tax benefits to the 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.

A spokesman for the Ministry of Commerce, Shu Jingsing: China has resolutely opposed it.The implementation of the US bill should comply with the relevant rules of the WTO, in accordance 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.

Source: CCTV News Client

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