China News Service, August 18th, the Ministry of Commerce held a regular press conference on the 18th.
At the meeting, a reporter asked questions about the recent passing of the "Chip and Science Act" by the United States.
Ministry of Commerce spokesperson Shu Jueting said that the US introduced the "Chip and Science Act" to provide huge subsidies and tax incentives to the US domestic chip industry, which is a typical differentiated industry support policy.
Some of these clauses restrict the normal economic and trade and investment activities of relevant companies in China, which are obviously discriminatory and seriously violate market laws and international economic and trade rules, which will distort the global semiconductor supply chain and disrupt international trade.
China firmly opposes this.
The implementation of the US-law bill should comply with the relevant WTO rules and the principles of openness, transparency and non-discrimination, and will help maintain the security and stability of the global industrial chain and supply chain and avoid fragmentation.
China will continue to pay attention to the implementation of the Act and take effective measures to safeguard its legitimate rights and interests when necessary.
(Zhongxin Finance)
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