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China outraged by US investments in semiconductors: “This is a typical discriminatory measure”

News Snapshot:

China commented on the United States’ passage of the Chip and Science Bill. China’s Commerce Ministry issued a statement on Friday saying the law approved by the US Congress will distort the global semiconductor supply chain and disrupt international trade. “This is a typical discriminatory measure in support of (industrial) industry, — quotes TASS released statement. — China will continue to monitor developments related to this legal document and, if necessary, will take effective measures to protect its own legitimate rights and interests.” As stated in the China Bureau statement, some of the provisions of this bill “restrict the normal…

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