China's Ministry of Commerce responds to US plan to investigate and assess its semiconductor supply chain's dependence on Chinese chips

 According to Xinhua News Agency, China's Ministry of Commerce spokesperson He Yadong responded at a regular press conference of the Ministry of Commerce on the 28th that the semiconductor industry is highly globalized, and any behavior that violates market rules and fragments the global semiconductor market not only harms the legitimate rights and interests of Chinese companies, but also It will also affect the interests of semiconductor companies in various countries, including U.S. companies, and disrupt the stability of the global industrial and supply chains. China will pay close attention to the trends and impacts of relevant US measures and resolutely safeguard its own interests.

The US "Partico" magazine quoted a draft report to be released by the Pentagon and revealed that the US weapons manufacturing speed is not fast enough, resulting in an imbalance between quality and speed. This mismatch will undoubtedly lead to "increasing strategic risks." Because it has already It is unable to respond to modern conflicts with the speed, scale and flexibility necessary to meet the dynamic demands of major modern conflicts. The document states that over the past 30 years, China has become the global industrial production center for naval vessels and microelectronics. Today, China's industrial capabilities "not only significantly exceed the capacity of the United States, but also exceed Washington's important European and Asian capabilities." The sum of the effectiveness of the Allies.” Although the United States has the largest military budget in the world, this budget accounts for 40% of the total global military expenditure as of 2022. The United States’ defense budget is more than 770 billion U.S. dollars, while China’s defense budget in 2022 is 1.45 trillion yuan, equivalent to U.S. dollars (real-time exchange rate) is 210 billion U.S. dollars, less than 25% of the U.S. military budget, which means that the U.S. military’s military spending is four times that of China. The U.S. military budget in 2023 has increased to US$857.9 billion, which is almost equivalent to 6 trillion yuan. The combined military expenditures of all other countries in the world except the United States are not that much. The U.S. defense military budget for 2023 has increased by more than 10%! This growth rate is very rare.