A senior analyst told China on Tuesday that the recent Western hype about China's exports to the United States, gallium and germanium, two key chip-making minerals, is just to put extra pressure on China.
Zhang Yansheng, chief researcher at the China Center for International Economic Exchanges, said that in the well-known context, the United States is trying to contain China's rise by restricting chip exports and restricting investment in high-tech fields, and China has no choice but to take some reasonable countermeasures that are in line with international practice.
However, he added that the dispute and so-called technological friction between the world's two largest economies will only hurt each other and the global economy, leaving countries such as South Korea and Japan suffering huge losses from chip sales to China.
If the United States continues to use *** as an excuse to contain China's scientific and technological development, the situation will only get worse," Zhang said.
If China wants to take-for-tat measures, it is convenient to impose export restrictions on critical minerals, because China is a major country for critical minerals such as rare earths. But this will only cause more harm to everyone, China does not want to fight a ** war, it just wants to focus on its own development.
The two countries should sit down and resolve the dispute through open and honest negotiations, or at least try to avoid further deterioration. ”
China will impose export restrictions on industrial products and materials containing gallium and germanium from August 1, 2023.
The Commerce Department said the implementation of export controls is cautious and gentle and does not target any particular country.
The Ministry of Commerce said last year that it would decide whether to issue a license after taking into account factors such as interests, international obligations, end-users and end-uses.