The Ministry of Commerce responded to the "Chip and Science Act" of the United States: take strong measures to safeguard its legitimate rights and interests if necessary

Xinhua News Agency, Beijing, August 18th (Reporter Xie Xiyao) In response to the US recently issued the "Chip and Science Act", a spokesman for the Ministry of Commerce, Shu Jingsing, said on the 18th that China has resolutely opposed it.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.

At the online routine press conference of the Ministry of Commerce held on the same day, Shu Jioting emphasized that the United States issued the "Chip and Science Act" to provide huge subsidies and tax benefits for 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.

[Editor in charge: Cheng Lan]

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