China’s corporate sector criticizes U.S. misuse of export regulations
A spokesperson for the China Council for the Promotion of International Trade stated on Wednesday that China's business community strongly opposes the United States' misuse of semiconductor export control measures.
TroibNews 
On Wednesday, a spokesperson for the China Council for the Promotion of International Trade (CCPIT) expressed strong opposition from China's business community regarding the United States' misuse of semiconductor export control measures.
In response to the U.S. announcement earlier this week concerning stricter regulations on semiconductor manufacturing equipment and memory chip exports to China—a decision that includes adding 136 Chinese entities to its Entity List—the spokesperson highlighted that Chinese companies are against the United States' long-arm jurisdiction.
The spokesperson criticized the United States for its economic coercion, blockades, and suppression of Chinese businesses in relevant industries, stating that such actions "seriously violate the laws of the market economy and the principles of fair competition."
The spokesperson further accused the United States of ignoring international economic and trade regulations, asserting that it has unilaterally disrupted the stability and cooperative nature of global industrial and supply chains. This behavior, according to the spokesperson, will undoubtedly have a significant negative effect on the global semiconductor industry, including U.S. firms.
Additionally, they noted that the global semiconductor sector has historically relied on close communication and collaboration, and claimed that the misuse of unilateral sanctions would severely damage both the foundations of the industry’s growth and intra-industry cooperation.
The spokesperson emphasized that maintaining the resilience and stability of global industrial and supply chains, particularly in the semiconductor sector, is essential for the sustainable development of the global economy and aligns with the shared interests of the international community and enterprises around the world.
As a response, China's business community is urging the United States to halt its unilateral control measures without delay, comply with international economic and trade standards, and take tangible steps to foster the healthy advancement of the global semiconductor industry. Such efforts are deemed necessary to protect the security and stability of global industrial and supply chains and to create "mutually beneficial chains for the world," the spokesperson concluded.
Olivia Brown contributed to this report for TROIB News
In response to the U.S. announcement earlier this week concerning stricter regulations on semiconductor manufacturing equipment and memory chip exports to China—a decision that includes adding 136 Chinese entities to its Entity List—the spokesperson highlighted that Chinese companies are against the United States' long-arm jurisdiction.
The spokesperson criticized the United States for its economic coercion, blockades, and suppression of Chinese businesses in relevant industries, stating that such actions "seriously violate the laws of the market economy and the principles of fair competition."
The spokesperson further accused the United States of ignoring international economic and trade regulations, asserting that it has unilaterally disrupted the stability and cooperative nature of global industrial and supply chains. This behavior, according to the spokesperson, will undoubtedly have a significant negative effect on the global semiconductor industry, including U.S. firms.
Additionally, they noted that the global semiconductor sector has historically relied on close communication and collaboration, and claimed that the misuse of unilateral sanctions would severely damage both the foundations of the industry’s growth and intra-industry cooperation.
The spokesperson emphasized that maintaining the resilience and stability of global industrial and supply chains, particularly in the semiconductor sector, is essential for the sustainable development of the global economy and aligns with the shared interests of the international community and enterprises around the world.
As a response, China's business community is urging the United States to halt its unilateral control measures without delay, comply with international economic and trade standards, and take tangible steps to foster the healthy advancement of the global semiconductor industry. Such efforts are deemed necessary to protect the security and stability of global industrial and supply chains and to create "mutually beneficial chains for the world," the spokesperson concluded.
Olivia Brown contributed to this report for TROIB News
