US Commerce Department Sanctions... Chinese Media Says "We Have Sufficient Means to Respond"

[Asia Economy Reporter Seungjin Lee] The U.S. Department of Commerce has added 33 Chinese institutions and companies to its export restriction list, commonly known as the 'blacklist,' which limits trade with the United States. In response, Chinese state media suggested that China has "sufficient means to respond" and hinted at countermeasures.

On the 23rd, the Chinese state-run Global Times cited experts saying that even if the U.S. increases pressure, China will not be the first to break the Phase One trade agreement between the U.S. and China, but it is preparing countermeasures.

Gao Lingyun (高凌云), a researcher at the Chinese Academy of Social Sciences, stated, "As mentioned in this year's government work report, China's position on the Phase One trade agreement remains unchanged," adding, "China will not be the first to break the Phase One agreement, but the U.S. should know that China has sufficient means to respond."

Many of the companies on the trade restriction list focus on artificial intelligence (AI) and facial recognition technologies. Qihoo 360, a major Chinese cybersecurity firm, was also included on the restriction list.

Xiang Ligang (項立剛), director of the Information Consumption Alliance, said, "The U.S. is likely to add more Chinese technology companies to the trade restriction list in the future."

On the 15th, the U.S. implemented measures requiring foreign semiconductor companies that partially use U.S. technology to obtain U.S. government approval before selling products to Huawei, delivering a significant blow to Huawei's semiconductor procurement.

Regarding this, the Global Times previously reported that China might impose sanctions by placing certain U.S. companies on an 'unreliable entities list' or initiate investigations into American companies such as Qualcomm, Cisco, and Apple.

Researcher Gao said, "If China is forced to retaliate, it will target U.S. companies that cause damage to China."

This content was produced with the assistance of AI translation services.