The US crackdown will eventually backfire on itself. Ministry of Commerce: China is the world's largest semiconductor market for chips | China | market
Recently, there have been media reports that the United States is considering implementing new restrictions on the export of artificial intelligence chips to China. A spokesperson for the Ministry of Commerce stated at today's regular press conference that China is the world's largest semiconductor market, with chip sales accounting for about one-third of the world's total. The United States will eventually retaliate by suppressing and containing it.
Spokesperson of the Ministry of Commerce, Shu Jueting: For a period of time, the United States has been continuously abusing export control measures, strengthening its crackdown on Chinese semiconductors, and artificially cutting off the global semiconductor market. This is a violation of global free trade, a disregard for international economic and trade rules, and a violation of the principle of fair competition. Semiconductors are a typical representative of global industrial division of labor and cooperation. China is the world's largest semiconductor market, with chip sales accounting for about one-third of the global market. This is the result of mutually beneficial cooperation between Chinese companies and companies from various countries. The US approach not only damages the legitimate rights and interests of Chinese enterprises, but also seriously affects the interests of many countries and regions, hinders global scientific and technological exchanges and economic and trade cooperation, and will ultimately backfire on itself. The concerns of the American industry have already highlighted this point.