Latest News by Industry
China does not want a trade war with the United States but will retaliate against any further U.S. restrictions on technology and trade, the Chinese ambassador to the U.S. said.
Ambassador Xie Feng criticized U.S. curbs on the sale of microchips and chipmaking equipment to China that were imposed last year by the Biden administration. Beijing has described the measure as part of an effort to “contain” China.
“China does not shy away from competition, but the definition of competition by the U.S. side I think is not fair,” Xie said Wednesday at the Aspen Security Forum, a security and foreign policy conference in Aspen, Colorado. “The United States is trying to win by keeping China out,” he said, referring to measures to curb U.S. technology sales to Chinese telecommunications giant Huawei over security concerns.
“This is like restricting the other side to wear outdated swimwear in a swimming contest while you yourself (are) wearing a Speedo,” he said.
China earlier this month imposed export curbs on two key metals used in computer chips and solar cells, a measure widely seen as retaliation for the U.S. restrictions on microchips. Earlier this year, Beijing restricted sales of products from Micron Inc., the biggest U.S. producer of memory chips.
“Definitely it’s not our hope to have a tit for tat,” Xie said. “We don’t want a trade war, technological war. We want to say goodbye to the Iron Curtain, as well as the Silicon Curtain.”
Xie’s comments come as Washington and Beijing are trying to patch up their relationship, which has hit new lows in recent months over a slew of issues including a suspected Chinese spy balloon that flew over U.S. territory and tensions over trade, technology, human rights and China’s claim to Taiwan and much of the South China Sea.
As part of efforts to mend ties, three top U.S. officials visited Beijing in recent weeks. John Kerry, the U.S. special envoy on climate, concluded talks on Wednesday with Chinese officials on ways to combat climate change and restore high-level cooperation between the two countries.