China Bemoans Potential US Sanctions on SMIC
China expressed serious concern over reports that the U.S. may impose tougher sanctions on the Semiconductor Manufacturing International Corporation, China's leading semiconductor manufacturer. In Dec. 15 comments, a spokesperson for China's Foreign Ministry said that "by overstretching the concept of national security, certain US politicians politicize and instrumentalize science and technology and economic and trade issues based on ideology." The spokesperson said the sanctions would run contrary to market economy and fair competition principles and harm the prospect of security in global supply chains.
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"The U.S. should work with the international community to uphold an open, fair, just and non-discriminatory environment for scientific and technological development and international businesses," the spokesperson said. "We advise some people in the U.S. to abandon the Cold War mentality and ideological bias, stop abusing state power to groundlessly suppress specific Chinese sectors and enterprises, and stop violating market economy principles and international trade rules. China will, as always, firmly defend the legitimate rights and interests of Chinese companies."