Commerce Min-China 'Resolutely Objects' US Restrictions On Chip Sector

(MNI) London-The Chinese Commerce Ministry has criticised the US for its actions in discouraging the development of the Chinese semiconductor sector, with spox Shu Jueting stating that China 'Will resolutely object if the US restricts its firms from investing in Chinese semiconductor industry.' Added that 'such behaviours will affect companies' normal operation and damage the international economic and trade order.'

• Separately, on EU accusations that Chinese firms' sales to Russia might prolong the war in Ukraine, Shu states that Beijing 'hopes the EU acts prudently', adding that 'China and Russia are carrying out normal exchange and cooperation.'
• Spox also confirms visit to China of Australian Trade Minister Don Farrell from 11-13 May. Earlier, the Chinese Foreign Ministry spox Wang Wenbin stated that the two countries 'can solve each other's trade concerns through constructive dialogue', and that developing healthy and stable Sino-Australian relations is in both countries' interest.