China Expresses Concerns over US Semiconductor and Connected Vehicle Policies
China Expresses Concerns over US Semiconductor and Connected Vehicle Policies
BEIJING (Reuters) – China’s Commerce Minister, Wang Wentao, conveyed “serious concerns” to U.S. Secretary of Commerce, Gina Raimondo, regarding US semiconductor policies and restrictions on Chinese connected vehicles. In a call between the two officials, Wang called for the lifting of sanctions against Chinese companies.
Emphasizing National Security Boundaries
Wang emphasized the importance of clarifying national security boundaries in trade to safeguard the stability of global supply chains and foster bilateral business cooperation. He urged the US to address the specific concerns of Chinese companies and improve the business environment for them in the US.
China’s Willingness to Cooperate
Wang expressed China’s willingness to collaborate with the US to restore bilateral economic ties. He stated that China is committed to addressing mutual economic and trade concerns through open and constructive dialogue.
Candid Discussions Held
According to the Chinese Commerce Ministry, both sides engaged in candid, in-depth, and practical discussions on their respective economic and trade concerns during the call. The ministry did not elaborate on the specific details discussed.
Importance of Semiconductor Policies
Semiconductors play a crucial role in various industries, including electronics, automotive, and telecommunications. US restrictions on semiconductor exports to China aim to limit its technological advancement in these areas, particularly in sectors deemed vital to national security.
Connected Vehicle Concerns
Connected vehicles are equipped with advanced technology that allows them to communicate with other vehicles and infrastructure. The US has raised concerns about potential security risks associated with Chinese connected vehicles, alleging that they could be used for surveillance or other malicious activities.
Contextualizing the Issue
The tensions between the US and China over technology and trade have been escalating in recent years. The US has taken a more assertive stance on protecting its economic and national security interests, which has led to increased scrutiny of Chinese companies and their activities in the US.
Conclusion
China’s expression of concerns over US semiconductor and connected vehicle policies highlights the ongoing trade tensions between the two countries. The ability of both sides to address these concerns and find common ground will be crucial for ensuring the stability and growth of the global economy.