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Economic news

China opposes U.S. chip act, to take measures to safeguard rights

08/18/2022

Less than a minute

2022.08.18 10:57

China opposes U.S. chip act, to take measures to safeguard rights
FILE PHOTO: Employees work at a production line manufacturing chips inside a factory of an electronics company in Chizhou, Anhui province, China March 21, 2018. REUTERS/Stringer

BEIJING (Reuters) – China opposes a new chips act passed by the United States and will take forceful measures to safeguard its legitimate rights when necessary, said China’s commerce ministry on Thursday.

Some provisions in the U.S. act restricted normal economic, trade and investment activities of relevant firms in China, Shu Jueting told a regular news conference.

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08/18/2022

Less than a minute