Experts on the new US sanctions on Chinese entities: This is a trade distorting act

category:Finance
 Experts on the new US sanctions on Chinese entities: This is a trade distorting act


From the advanced nature of technology itself, the technology of chips and other core components is still in the hands of the United States. But in application and industry, China firmly occupies the middle and lower reaches of the industrial chain, that is, the United States must export its high-tech parts to China in order to produce high-tech products. Therefore, in the context of the national strategic power balance, it is a strategic need for the us to curb the development of Chinas high-tech enterprises by banning exports and other actions. Shen Yi said, if some Chinese enterprises are allowed to die and the market is vacated, the less competitive enterprises in the United States can fill the gap. This is trade friction and trade distortions in the name of national security.

He also reminded that even if China has made great achievements in industrial manufacturing and commercial applications in the past few years, it is still necessary to strive for breakthroughs in core technologies. Even if it cannot be fully equivalent to the United States in a short period of time, it can improve the effectiveness of the anti us neck sticking measures. The U.S. side listed Chinese enterprises, institutions and individuals on the entity list , generalized the concept of national security, abused export control measures, violated the basic norms of international relations, interfered in Chinas internal affairs, and harmed Chinas interests. On May 25, Zhao Lijian, a spokesman for the Chinese foreign ministry, said after the US announced the relevant decision that China urged the us to correct its mistakes, cancel the relevant decision and stop interfering in Chinas internal affairs. China will continue to take all necessary measures to safeguard the legitimate rights and interests of Chinese enterprises and safeguard national sovereignty, security and development interests. Extended reading of the U.S. Department of Commerce: since Friday, 33 Chinese institutions have been subject to restrictions. The U.S. entity list has been expanded. Several companies have said that there are relevant plans. The U.S. entity list has been expanded again. The A-share communication equipment sector has declined. Source: Global Times - Global network Author: Bai Yunyi, editor in charge: Wang Xiaowu_ NF

The U.S. side listed Chinese enterprises, institutions and individuals on the entity list , generalized the concept of national security, abused export control measures, violated the basic norms of international relations, interfered in Chinas internal affairs, and harmed Chinas interests. On May 25, Zhao Lijian, a spokesman for the Chinese foreign ministry, said after the US announced the relevant decision that China urged the us to correct its mistakes, cancel the relevant decision and stop interfering in Chinas internal affairs. China will continue to take all necessary measures to safeguard the legitimate rights and interests of Chinese enterprises and safeguard national sovereignty, security and development interests.