World trade: China criticizes politicization of world trade

After the recent customs threat from Washington, China indirectly criticized the United States in the ongoing trade dispute. “At the moment, some countries are involved in the market with the argument of risk reduction, impose tariffs, take restrictive measures and other means to advance the so-called return of the processing industry,” said Vice Prime Minister He Lifeng at the opening of the supply chain fair in Beijing.

China is against the “artificial politicization and ideologization” of trade questions, said He. He did not call specific countries. There were no winners in an customs war, but he emphasized. He had cited China’s delegations at the customs negotiations with the USA in Geneva and London.

Liefing chains had been internationally focused on since April after China had massively restricted the export of rare earths and the United States had also announced tariffs against numerous states. Many companies in Germany also worried that they could assume the important raw materials from China.

Nvidia boss on China visit

Most recently seemed to be opened in the ratio of the two largest economies in the world. Washington and Beijing had agreed to remove mutual restrictions. Since then, China has loosened the export of rare earths a bit. In return, the United States again leaves important technology products according to the Far East, which depends on the People’s Republic.

Nvidia recently benefited from this. The day before, the head of the US chip leader, Jensen Huang, said in Beijing that Nvidia would get the green light from the US authorities for sales of his AI chip designed for China. At the opening of the fair, Huang emphasized that artificial intelligence (AI) had caused a new industrial revolution and a new growth option for the supply chain ecosystem in China.