Shenzhen TV: The US government introduced new export bans on China’s chip industry not long ago. According to reports, the US is scrambling to tackle unintended consequences of the new policy that could inadvertently harm the semiconductor supply chain. What is your comment?
Mao Ning: China firmly opposes the US’s overstretching of the national security concept and abuse of export control measures to wantonly hobble Chinese enterprises. The global industrial and supply chains come into shape as a result of both the law of the market and the choices of businesses. Arbitrarily placing curbs for political purposes destabilize the supply and industrial chains, hurts others and backfires on oneself. It will only further weaken the already fragile world economy.
China plays an important role in global supply and industrial chains and in shoring up their security. This year, China and six other countries, including Indonesia, launched and supported the Initiative of International Cooperation on Resilient and Stable Industrial and Supply Chains. We will work with the international community to oppose unilateralism, protectionism and bullying practices in sci-tech, uphold the principle of openness, fairness and non-discrimination, jointly safeguard the stability of the system, rules and foundation of the world economy, and promote the steady recovery of the world economy.
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