Money
China denounces US House panel move to tighten chip tool export controls
China’s commerce ‌ministry today criticised a US House of ‌Representatives panel voted to advance the ‘MATCH Act,’ a bill designed to close gaps in restrictions on chipmaking equipment. — Reuters pic

BEIJING, April 25 — China’s commerce ‌ministry today criticised a US House of ‌Representatives panel voted to advance the “MATCH Act,” a bill designed to close gaps in restrictions on chipmaking equipment.

China opposes “any abuse of export controls ‌under the pretext of ⁠overstretching national ⁠security,” ⁠a ministry spokesperson said ⁠in ⁠a statement, referring to the vote ⁠on the measure that tighten export restrictions.

China will closely monitor the legislative process ⁠and will “resolutely take necessary measures to firmly ⁠safeguard the legitimate rights and ⁠interests ⁠of Chinese enterprises”, it said. — Reuters

 

Related Articles

 

You May Also Like