China’s objection to export rules is understandable – #Chinas #objection #export #rules #understandable
STOCKHOLM/AMSTERDAM, March 9 (Reuters) – The Netherlands’ trade minister said objections to the Netherlands’ decision to impose restrictions on exports of computer chip technology were “understandable” but said on Thursday he expected diplomatic relations to remain good.
Liesje Schreinemacher, Dutch Wednesday USAHe spoke in Stockholm after saying he would impose tougher export rules. China’s Foreign Ministry said on Thursday that it opposes the decision.
“I saw the answer. I think that’s understandable. The Chinese have a great interest in this,” Schreinmacher said.
The new Hague rules are expected to prevent Europe’s biggest technology firm ASML Holding NV ( ASML.AS ) from exporting more of its top machinery to China, following previous restrictions in place since 2019.
This step of the Netherlands, the Netherlands USAundermining China’s ability to make its own advanced chips and military adjusts their progress to slow down goals.
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Chinese Foreign Ministry spokesman Mao Ning said the Dutch rules would “restrict normal economic and trade exchanges between Chinese and Dutch companies”.
Schreinemacher, both Dutch and Chinese Europe remains the top trading partner for China, with Europeans buying Chinese solar panels and Chinese equipment including ASML machines, all of which will not be subject to restrictions, he said.
“So, I believe that this interdependence works to the benefit of both of us,” he said.
The Dutch restrictions, which are expected to be in place by this summer, are comparable to those imposed on their own companies last year USA When asked whether it would be more lenient than its restrictions, he avoided the comparison.
“Biden administration did its job on October 7, and we are doing what we are doing based on our assessments.”
Reporting by Philip Blenkinsop; Written by Toby Sterling; Edited by Alex Richardson and Josie Kao
Our standards: Thomson Reuters Trust Principles.
2023-03-09 22:49:25
Source – reuters
Translation“24 HOURS”