Beijing warns against politicizing international supply chain and disrupting normal market behaviour

Kyodo News: The first question is that the Indo-Pacific Economic Framework (IPEF) ministerial meeting was held in the US on May 27 and negotiations on an international supply chains deal were substantially completed. What’s the foreign ministry’s comment? The second question is that Japanese Minister of Economy, Trade and Industry Nishimura Yasutoshi and US Secretary of Commerce Gina Raimondo agreed to strengthen cooperation in the field of next-generation semiconductors. A joint statement was issued saying that semiconductor research centers of the two countries are encouraged to work together and formulate a roadmap for chip-related technological and human resource development. Is China concerned that US-Japan semiconductor cooperation may pose negative influence to China? Mao Ning: We always believe that openness, cooperation and mutual benefits are vital for the success of the Asia-Pacific economy. Regional cooperation frameworks, in whatever name, need to stay open and inclusive, rather than discriminatory or exclusive. The industrial and supply chains are shaped and developed by the laws of market dynamics and the choices of businesses. Disrupting the function of the market, politicizing normal trade activities and setting barriers to hinder industrial cooperation such as semiconductor cooperation is the biggest risk to supply chain stability. __________________ ShanghaiEye focuses on producing top-quality contents. Nobody knows SHANGHAI better than us. Please subscribe to us ☻☻☻ __________________ For more stories, please click ■ What’s up today in Shanghai, the most updated news of the city ■ Amazing Shanghai, exploring the unknown corners of the city, learning the people, food and stories behind them ■ What Chinese people’s lives are like during the post COVID-19 period ■ Views of foreign scholars on China and its affairs ■ Foreign faces in Shanghai, people living in this city sharing their true feelings ■ Mini-docs showing why China is the country it is today __________________ ☎Leave us messages if you have any suggestions or questions! Thank you!