Home » Spokesperson of the Ministry of Commerce responded to reporters’ questions on the US revoking export licenses of some companies to Huawei

Spokesperson of the Ministry of Commerce responded to reporters’ questions on the US revoking export licenses of some companies to Huawei

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The Ministry of Commerce Responds to US Revocation of Export Licenses to Huawei

In response to the recent news of the US revoking export licenses of some companies to Huawei, the Ministry of Commerce has issued a statement expressing strong opposition to the move. According to Securities Times, a spokesman for the Ministry of Commerce addressed reporters’ questions regarding the matter.

The spokesman stated that the United States has overextended the concept of national security, politicized economic and trade issues, and abused export control measures by imposing unreasonable sanctions and suppression measures against specific Chinese companies. China firmly opposes such actions and views them as a form of economic coercion that not only violates WTO rules but also harms the interests of American companies.

The Ministry of Commerce emphasized that the US restrictions on exporting purely civilian consumer chip products to China and cutting off the supply to specific Chinese companies are not in line with the US’s commitments of not seeking decoupling from China and not hindering China’s development. These actions also contradict the US’s statement of precisely defining national security.

In response to these actions, China has vowed to take all necessary measures to safeguard the legitimate rights and interests of Chinese enterprises. The Ministry of Commerce has taken note of the relevant media reports and is closely monitoring the situation.

The Securities Times reminds readers that the content provided is for reference only and does not constitute investment advice. Any decisions made based on this information are at your own risk. Stay informed with the latest market trends by downloading the official “Securities Times” app or following their official WeChat account.

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