Friday, November 22, 2024
name of Prensa Latina
Bandera inglesa
English Edition
Search
Close this search box.
name of Prensa Latina

NEWS

NEWS

China files lawsuit against US for restricting technology exports

Beijing, Dec 13 (Prensa Latina) China reported that it filed a lawsuit against the United States before the World Trade Organization for restrictions on technology exports imposed last October.

According to a statement from the Ministry of Commerce, this is a necessary measure to defend Beijing’s legitimate interests because in recent years Washington has generalized the concept of national security and abused export controls.

As stated, this conduct makes managing international business with semiconductors or chips and other products difficult, in addition to endangering the stability of industrial and global chains supply.

“The US actions are typical practices of trade protectionism, as they disturb the international economic and trade order, violate international economic and trade rules and basic economic laws, and harm global interests of peaceful development,” it said.

The Chinese ministry urged the White House to correct its mistakes in a timely manner, stop hindering business operations in high-tech industry and to keep a stable trade with China.

In early October, the US Department of Commerce announced a ban on exports of machinery and semiconductors for supercomputers and artificial intelligence to China. It also adjusted a rule that extends the extraterritorial coverage of export controls to certain items produced abroad.

Both decisions are designed to restrict China’s ability in obtaining cutting-edge technology to develop supercomputers and manufacture advanced chips for military applications.

jrr/llp/lam/ymr

LATEST NEWS
RELATED