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China slams US 'MATCH Act' as export control tensions escalate

A new US bill targeting chipmaking tools sparks fury in Beijing. Will China's retaliation reshape the global tech race?

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The image shows a graph on a white background with text that reads "U.S. Trade in Goods with...
The image shows a graph on a white background with text that reads "U.S. Trade in Goods with China". The graph displays the number of US trade in goods with China over a period of time, with the x-axis representing the years and the y-axis indicating the amount of trade. The graph is divided into two sections, one for imports and one for exports, and each section is further divided into different colors, indicating the different levels of trade between the two countries.

China slams US 'MATCH Act' as export control tensions escalate

BEIJING, April 25 - China's commerce ministry today criticised a US House of Representatives panel voted to advance the 'MATCH Act,' a bill designed to close gaps in restrictions on chipmaking equipment.

China opposes 'any abuse of export controls under the pretext of overstretching national security,' a ministry spokesperson said in a statement, referring to the vote on the measure that tighten export restrictions.

China will closely monitor the legislative process and will 'resolutely take necessary measures to firmly safeguard the legitimate rights and interests of Chinese enterprises', it said. - Reuters

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