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Published: 15:05, December 08, 2023 | Updated: 17:01, December 08, 2023
China opposes US export control abuse, investment curbs
By Xinhua
Published:15:05, December 08, 2023 Updated:17:01, December 08, 2023 By Xinhua

He Yadong, spokesperson for China's Ministry of Commerce, speaks at a press conference in Beijing, China, on Dec 7, 2023. (PHOTO / COMMERCE MINISTRY, CHINA)

BEIJING - China firmly opposes US moves to abuse export controls against China and restrict mutual investment, Chinese Commerce Ministry spokesperson He Yadong said on Thursday.

He made the remarks in response to a media query on US Commerce Secretary Gina Raimondo's recent remarks that urged restrictions on China's access to semiconductors and cutting-edge technologies.

Such measures will not stop China's development, but only inflict damage on the interests of US companies by making them lose the Chinese market.

He Yadong, Chinese Commerce Ministry spokesperson

Noting that the two heads of state have agreed to manage competitive aspects of the Sino-US relationship responsibly, He hoped relevant US departments would work together with China and implement the consensus reached at the San Francisco summit.

READ MORE: China opposes US' limits to its semiconductors

China has repeatedly pointed out that the control and restriction measures of the US side are a generalization of the concept of national security. These measures will undermine market rules and the international economic and trade order and threaten the stability of global industrial and supply chains, He said.

ALSO READ: US urged to correct bias on EV makers

"Such measures will not stop China's development, but only inflict damage on the interests of US companies by making them lose the Chinese market," the spokesperson said, adding that China will closely follow the trends and impact of the measures and firmly safeguard its rights and interests.

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