Xinhua News Agency, Singapore edition reported on the evening of October 11: "The Sino-US trade friction continues to escalate, and global semiconductor supply chain companies are preparing to cope with the supply disruptions caused by China's restrictions on rare earth exports. The U.S. House of Representatives' 'China Affairs Select Committee' strongly criticized China's restrictive measures as 'an economic war against the United States.'"
External comments state that the series of export control measures announced by China on October 9 regarding rare earths and related items are the strictest export controls implemented by China so far. China accounts for 60% of global reserves and 90% of smelting capacity, and China has sufficient means and leverage to counter Western chips, military industry, and new energy sectors from being 'strangled.'
The U.S. accusations are nothing but a baseless attempt to shift blame. The fact is that the United States first imposed restrictions on chip exports to China and wielded the tariff stick. In response, China has precisely retaliated with rare earths. It is evident who the aggressor is. China is merely responding passively, and it has also shown that implementing export controls on relevant items in accordance with the law is fulfilling international obligations such as non-proliferation. It is not a complete ban on exports. As long as it does not harm China's national security and interests, applications that meet the regulations will be approved.
Original article: www.toutiao.com/article/1845748458833024/
Statement: This article represents the views of the author.