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Search resuls for: "Mao Ning"


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☆ China tech shares sink as U.S. export curbs raise chip sector hurdles
  + stars: | 2022-10-10 | by ( ) www.reuters.com   time to read: +7 min
The most immediate impact is likely to be felt by Chinese chipmakers, they said. The new regulations will now pose major hurdles for the two Chinese memory chipmakers, analysts said. A steep decline in tech shares led China's market down on its first post-Golden Week holiday trading on Monday. An index measuring China's semiconductor firms (.CSIH30184) tumbled nearly 7%, and Shanghai's tech-focused board STAR Market (.STAR50) declined 4.5%. SMIC dropped 4%, chip equipment maker NAURA Technology Group Co (002371.SZ) sank 10% by the daily limit, and Hua Hong Semiconductor plunged 9.5%.
☆ China says U.S. abusing trade measures with chip export controls
  + stars: | 2022-10-08 | by ( ) www.reuters.com   time to read: 1 min
BEIJING, Oct 8 (Reuters) - New U.S. export controls targeting Chinese chip manufacturers are an abuse of trade measures and designed to maintain the country's "technological hegemony", China's foreign ministry spokesperson Mao Ning said on Saturday. The U.S. government published a sweeping set of export controls on Friday that including a measure to cut China off from certain semiconductor chips made anywhere in the world with U.S. equipment. read more"The United States will only hurt and isolate itself when its actions backfire," Mao said at a regular briefing. Register now for FREE unlimited access to Reuters.com RegisterReporting by Yew Lun Tian; Writing by David Stanway; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.
☆ U.S. aims to hobble China's chip industry with sweeping new export rules
  + stars: | 2022-10-07 | by ( Stephen Nellis Karen Freifeld Alexandra Alper | Stephen Nellis | Karen Freifeld | ) www.reuters.com   time to read: +7 min
The raft of measures could amount to the biggest shift in U.S. policy toward shipping technology to China since the 1990s. If effective, they could hobble China's chip manufacturing industry by forcing American and foreign companies that use U.S. technology to cut off support for some of China's leading factories and chip designers. The rules published on Friday also block shipments of a broad array of chips for use in Chinese supercomputing systems. "The U.S. should stop the wrongdoings immediately and give fair treatment to companies from all over the world, including Chinese companies." On Saturday, China's foreign ministry spokesperson Mao Ning called the move an abuse of trade measures designed to reinforce the United States' "technological hegemony".
☆ China lodges complaint after Biden says U.S. would defend Taiwan in a Chinese invasion
  + stars: | 2022-09-19 | by ( ) www.reuters.com   time to read: +1 min
BEIJING, Sept 19 (Reuters) - The Chinese foreign ministry said on Monday that China has lodged "stern representations" with the United States, after U.S. President Joe Biden said U.S. forces would defend Taiwan in the event of a Chinese invasion. China reserves the right to take all necessary measures in response to activities that split the nation apart, said Mao Ning, spokesperson at the foreign ministry, at a regular media briefing. read moreChinese Foreign Ministry new spokesperson Mao Ning speaks at a news conference in Beijing, China September 5, 2022. She also urged the U.S. to handle Taiwan-related issues "carefully and properly", and not send "wrong signals" to Taiwan independence separatist forces, warning the United States not to seriously damage Sino-U.S. relations and the peace in the Taiwan Strait. "There is only one China in the world, Taiwan is part of China, and the government of the People's Republic of China is the only legitimate government of China," said Mao.
☆ Biden says U.S. forces would defend Taiwan in the event of a Chinese invasion
  + stars: | 2022-09-19 | by ( ) www.cnbc.com   time to read: +2 min
Biden said in an interview broadcast on Sunday that U.S forces would defend Taiwan in the event of a Chinese invasion, his most explicit statement so far on the issue. Brendan Smialowski | Afp | Getty ImagesU.S. President Joe Biden said U.S forces would defend Taiwan in the event of a Chinese invasion, his most explicit statement on the issue, drawing an angry response from China that said it sent the wrong signal to those seeking an independent Taiwan. Asked to clarify if he meant that unlike in Ukraine, U.S. forces - American men and women - would defend Taiwan in the event of a Chinese invasion, Biden replied: "Yes." He also made clear then that our Taiwan policy hasn't changed. Chinese foreign ministry spokeswoman Mao Ning told a regular briefing in Beijing that Biden's comments sent a "seriously wrong signal" to separatists forces for Taiwan independence.
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