Beijing criticises US' move against Chinese companies
The US Commerce Department on Friday added 42 Chinese companies to a government export control list over their support for Moscow's military and defence industrial base - support that includes the supply of U.S.-origin integrated circuits.
Beijing criticises US' move against Chinese companies
The Economics of Geography

Beijing criticises US' move against Chinese companies

Photo: iStock
Eurasia 09/10/2023 06:00

The US Commerce Department on Friday added 42 Chinese companies to a government export control list over their support for Moscow's military and defence industrial base - support that includes the supply of U.S.-origin integrated circuits.

The circuits include microelectronics that Russia uses for precision guidance systems in missiles and drones launched against civilian targets in Ukraine, the Commerce Department said in a statement, Reuters reported.

China has expressed its strong opposition to the decision, China Daily reported. The US has once again generalized national security concerns and arbitrarily imposed restrictions on Chinese businesses, undermining the principles of fair trade and cooperation. This action is a clear example of economic coercion and unilateral bullying, which China vehemently opposes, said the ministry's spokesperson.

China urges the US to immediately correct its mistaken actions and cease its unwarranted pressure on Chinese companies. China is determined to take all necessary measures to safeguard the legitimate rights and interests of its businesses, said the commerce official.
#trade #US-China relations
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