China’s Ministry of Commerce spokesman slammed the US Department of Commerce’s move to add multiple Chinese entities to its export control list 😮, saying the US is stretching 'national security' and abusing export controls.
The spokesperson argued that these long-arm sanctions have hurt Chinese companies and risk disrupting global industrial and supply chains. Imagine your favorite gadgets hitting delays because of politics – that’s the kind of ripple effect at play 🌍.
By imposing sweeping restrictions on key tech and manufacturing firms, the US aims to curb the Chinese mainland’s tech advances. But China says this strategy backfires, undermining trust and stability in global markets 📉.
China strongly opposes the move and has called on the US to correct these wrongful practices. The Chinese mainland has also vowed to take necessary measures to safeguard its enterprises and keep the wheels of the global economy turning smoothly 🔄.
For now, both sides remain locked in a tense dance of trade measures and countermeasures. As these export controls roll out, business leaders, investors, and tech fans should keep a close eye on supply chain updates – the next twist could be just around the corner! 💡
Reference(s):
China opposes U.S. move to add Chinese entities to export control list
cgtn.com
