China thinks that the United States should abandon zero-sum thinking and continue to remove a series of unreasonable economic and trade limitation measures against China, the Ministry of Commerce stated on Friday.China has discovered that the United States has actually just recently taken the effort to announce the approval of sales of Nvidia H20 chips to China, stated a spokesperson for the ministry in action to a media inquiry.Following the financial and trade talks in London, the two sides have maintained close interaction, confirming the information of the structure established in London and advancing its implementation, said the spokesperson.China has authorized qualified export applications for regulated items in accordance with the law, and the United States appropriately raised appropriate constraints on China in early July, as talked about in the talks, according to the spokesperson.Win-win cooperation is the right path for China and the United States, while suppression and containment lead no place, the spokesperson said.In May of this year, the United States issued export control guidelines targeting Huaweis Ascend chips, enforcing more stringent controls on Chinese chip items based on baseless accusations, thus interfering with fair market competition through administrative power and badly undermining the genuine rights and interests of Chinese enterprises, according to the spokesperson.
China has actually solemnly mentioned its position and firmly opposes this.
China anticipates the United States to deal with China in the exact same instructions, engage in equal assessments and fix its incorrect practices to foster a beneficial environment for mutually beneficial cooperation between business of both countries and collectively safeguard the stability of worldwide semiconductor production and supply chains, the spokesperson said.Chinese Commerce Minister Wang Wentao consulted with Nvidia CEO Jensen Huang on Thursday, noting that Chinas policy on bring in foreign financial investment will remain unchanged, and its door will just open wider.Wang said China has a substantial market scale, varied application circumstances, and vibrant innovation and creativity, revealing the hope that multinational business, including Nvidia, will provide premium and trustworthy products and services to Chinese customers.Huang kept in mind that the Chinese market is really attractive, and Nvidia is willing to deepen cooperation with Chinese partners in the field of artificial intelligence.