Chinese 100, 50, 20, 10 and 5 yuan bills and Russian 1,000 and 100 ruble bills - Sputnik International, 1920
Economy
Get breaking stories and analysis on the global economy from Sputnik.

China Slams US for Suppressing High-Tech Sector, Launches Anti-Dumping Probe

Microchip - Sputnik International, 1920, 13.09.2025
Subscribe
BEIJING (Sputnik) - Chinese authorities expressed protest to the United States, accusing Washington of attempting to suppress the development of high-tech sectors in China, the Chinese Ministry of Commerce said on Saturday.
The ministry said that in recent years, the US has introduced a series of restrictive measures against the semiconductor production sector in China.
"These protectionist and discriminatory actions represent an attempt to curb and suppress the development of China's high-tech sectors, such as the production of advanced computing chips and artificial intelligence," the statement read.
China firmly opposes actions that not only harm China's development interests but also seriously undermine the stability of the global production and supply chain in the semiconductor industry, the ministry said.
US and Chinese flags are set up at the Diaoyutai State Guesthouse in Beijing, on July 8, 2023. - Sputnik International, 1920, 31.08.2025
World
US-China Tensions Harm Both Sides, People Support Dialogue
On Saturday, the Chinese Ministry of Commerce also announced an initiated anti-dumping investigation into the import of certain analog integrated circuits produced in the US. The ministry said that the investigation is expected to be completed by September 13, 2026.
These statements and actions by the Chinese authorities were made on the eve of China-US talks in Spain from September 14-17 to discuss trade, tariffs and the TikTok platform. On Friday, the ministry said that Chinese Vice Premier He Lifeng would lead the Chinese delegation.
China and the US are effectively in a trade war, which erupted after US President Donald Trump imposed a 10% tariff on all Chinese imports in February. In March, the tariff was raised to 20%. After several reciprocal steps, the US tariff on Chinese goods reached 145%, while the tariff on US suppliers in China reached 125%. The two countries then agreed to reduce their respective tariffs to 10% for 90 days, starting May 14. Thus, China has imposed a 10% tariff on US imports, while the United States has levied a 30% tariff on Chinese products, maintaining the 20% "fentanyl" duty.
Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала