Fortune Sky is Your Go-to Source for the Latest Finance News, Covering Markets, Business, Industries and Internet.
⎯ 《 Fortune • Sky 》

China rebukes U.S. over latest chip restrictions

2023-10-18 17:54
BEIJING China has lodged a stern rebuke of the United States over its latest chip restrictions, China's foreign
China rebukes U.S. over latest chip restrictions

BEIJING China has lodged a stern rebuke of the United States over its latest chip restrictions, China's foreign ministry said in a statement on Wednesday.

"Such restrictions and forced de-coupling for political purposes violate the principles of the market economy and fair competition," the ministry said.

The U.S. has said it does not want to block China's economic development, and China hopes the U.S. will adhere to this rather than saying one thing and doing another, it said.

(Reporting by Beijing newsroom; Editing by Bernadette Baum)