BEIJING: The new Chips and Science Act adopted by the United States to support the local producers of semiconductors will disrupt global supply chains and hamper international trade, which China strongly opposes, Chinese Foreign Ministry spokesman Wang Wenbin said on Wednesday reported Sputnik.
On Tuesday, US President Joe Biden signed into law the US$52.7 billion Act to support US semiconductor producers and strengthen their positions in competition with China.
“The US stated that the act aims to increase the competitiveness of US technologies and the semiconductor production; however, this act provides huge subsidies to US enterprises producing chips and introduces a differentiated policy of industry support, some provisions of which, among other things, restrict the normal investment and trade and economic activities of relevant Chinese enterprises, as well as normal scientific and technical cooperation between China and the US,“ the diplomat said at a briefing.
The Chinese foreign ministry expects all these to “disrupt global supply chains and hinder international trade,“ Wang said, adding that “China is strongly opposed to this.”
The US is free to choose its own development methods, but those should not harm China’s development and must respect World Trade Organisation rules and principles of transparency and non-discrimination, as well as safeguard global production and supply chains, Wang said. - Bernama
