INSUBCONTINENT EXCLUSIVE:
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.
