China criticizes US chip law as threat to trade

[MarineCombatEngineer]

BEIJING (AP) — China on Wednesday criticized a U.S. law to encourage processor chip production in the United States and reduce reliance on Asian suppliers as a threat to trade and an attack on Chinese business.

The law signed this week by President Joe Biden promises $52 billion in grants and other aid to investors in U.S. chip factories. It responds in part to warnings that supplies might be disrupted if China attacks Taiwan, which produces up to 90% of high-end chips. China's ruling Communist Party claims the self-ruled island as part of its territory.

The measure will “disrupt international trade and distort global semiconductor supply chains,” said a Foreign Ministry spokesperson, Wang Wenbin. “China firmly opposes that.”

Parts of the law “restrict companies’ normal investment and economic and trade activities in China,” Wang said, without giving details.

https://www.msn.com/en-us/news/world/china-criticizes-us-chip-law-as-threat-to-trade/ar-AA10vWKx?li=BBnbfcL

Oh boo fucking hoo China, you're aggression against Taiwan created this "problem" for you, nobody else, so suck on it.

Thought I'd post this before I hit the road.

[ProudMNDemocrat]

1. Boo fucking hoo is correct!

China will still have a market to overcharge the rest of the world.

We can develop and make our own to serve this country, where the need is most urgent.

[patphil]

2. I've been saying for decades that we need to keep certain critical industries here in the USA.