Chinese foreign ministry slams U.S.' planned chip restrictions

A spokesperson from China's Foreign Ministry (FM) said on Monday that China has always resolutely opposed the U.S.' overstretching of the concept of national security, abuse of export control measures, and malicious blockade and crackdown on China.

The remarks came in response to a media question during a regular press conference regarding reports of the Biden administration's plan to introduce new restrictions on chip exports to Chinese companies as early as next week.

Mao Ning, the spokesperson, emphasized that the U.S. actions seriously violate the laws of market economy and the principle of fair competition, undermine the international economic and trade order, disrupt the stability of the global production and supply chain, and ultimately harm the interests of all countries.

Mao added that China will take resolute measures to firmly safeguard the legitimate rights and interests of Chinese firms.

Reuters reported on Sunday that the U.S. government is expected to unveil new export restrictions on China as soon as next week, according to an email from the U.S. Chamber of Commerce to its members on Thursday.

The new regulation could add up to some 200 Chinese chip companies to a trade restriction list that bars most U.S. suppliers from shipping goods to the targeted firms, according to the Reuters report, citing the email.