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Chinese business runners ready for more China-France cooperation

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Chinese business runners ready for more China-France cooperation

2024-05-07 21:17 Last Updated At:21:47

Wang Ning, the founder of the famous toy company Pop Mart, said that they are willing to see and have been ready for more cooperation between China and France in the future after the sixth meeting of the China-France Business Council in Paris.

Visiting Chinese President Xi Jinping attended and addressed the closing ceremony of the sixth meeting of the China-France Business Council in Paris on Monday, calling for joint efforts to usher in a new era of China-France cooperation.

Looking to the future, China will work with France to enrich the economic and trade dimensions of the China-France comprehensive strategic partnership, Xi said, adding that China always views France as a priority and trustworthy partner of cooperation.

China is committed to expanding business relations with France in both width and depth by opening up new areas, creating new models and fostering new growth points, Xi said at the event.

"We can see from President Xi's speech that we are actively exploring more possibilities in opening up, exchanges, and cultural communication. We are very honored to be a part of this meeting, and we also hope to actively participate in China-France cooperation," said Wang Ning, founder of the POP MART International Group, a fast-growing Beijing-based designer toy company, after attending the meeting.

Chinese business runners ready for more China-France cooperation

Chinese business runners ready for more China-France cooperation

Chinese industrial associations have voiced strong opposition to the United States' latest control measures on semiconductor export and urged domestic firms to exercise caution when purchasing U.S. chips.

The U.S. government on Monday announced a new round of export restrictions on China, adding more than 140 Chinese companies to the trade restriction list, involving multiple types of semiconductor products including semiconductor manufacturing equipment and electronic design automation tools.

The Internet Society of China (ISC), the China Semiconductor Industry Association (CSIA), and the China Association of Automobile Manufacturers (CAAM) on Tuesday released statements respectively, saying that the U.S. has once again undermined the long-standing consensus on fairness, rationality and non-discrimination reached by relevant global industries and the WTO's purpose of fair trade, and cautioned Chinese companies against buying U.S. chips.

The ISC stated that the U.S. generalization of the concept of national security and its abuse of export control measures to impose unwarranted blockades and suppression on China have shaken the industry's trust and confidence in U.S. chip products.

The ISC also called on domestic companies to take proactive countermeasures, make careful decision when purchasing U.S. chips, seek to expand cooperation with chip companies in other countries and regions, and actively use chips manufactured by domestic and foreign companies in China.

The CSIA said the U.S. arbitrary control measures against China have caused disruptions in the supply chain and increased operating costs for American companies, affecting the stable supply of U.S. chips and making them no longer secure and reliable, and related Chinese industries have to exercise caution when procuring chips from the U.S.

The CAAM shared the concerns of the ISC and the CSIA, saying that the U.S. government arbitrarily modified regulatory rules, which has seriously affected the stable supply of U.S. chip products and is shaking the trust and confidence of the Chinese automotive industry in procuring chip products from American companies.

The CAAM said it welcomes global chip companies to strengthen collaboration with Chinese automotive and chip enterprises in various aspects, invest in China, engage in joint research and development, and share development opportunities.

Chinese associations caution against buying US chips over semiconductor export control

Chinese associations caution against buying US chips over semiconductor export control

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