The South China Sea and its adjacent waters boast the world's most trafficked air and sea routes, said a report released by a Chinese think tank on Friday.
The report, released by the Strategic Situational Awareness Program, noted that the South China Sea boasts one of the busiest maritime routes in the world, and also one of the most economically important waterways.
Amid the rapid economic growth in China and Southeast Asia, the South China Sea and its surrounding areas are increasingly becoming the world's busiest ocean shipping lanes and air routes, with thousands of ships and aircraft operating in and over the South China Sea every day, according to the report.
For the region and the world at large, the South China Sea has become a major transportation artery affecting economic development, said the report.
South China Sea boasts world's busiest air and sea routes: report
South China Sea boasts world's busiest air and sea routes: report
South China Sea boasts world's busiest air and sea routes: report
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
