Secretary of Commerce of the United States: The United States does not seek economic decoupling from China, and the new regulations on semiconductor exports reflect strategic considerations
28 August 2023
US Commerce Secretary Gina Ramondo delivered a long speech a few days ago, explaining the official understanding of the US competitiveness and the challenges posed by China.
Raymond said that with the growth of China's economic scale and influence, its continued use of non market trade and investment practices requires the United States to rethink how to protect its national security interests and promote its interests in trade and investment.
To ensure U.S. economic leadership, Raymond proposed four priorities:
First, make transformational investment in American innovation.
Secondly, strengthen domestic capacity and create new industrial capacity.
Third, cooperate with allies in a new way to promote common values and shape China's strategic environment.
Fourth, we should advocate the trade and investment of the United States and the benefits it brings, and work with China to solve transnational problems such as climate change and global macroeconomic stability.
Raymond emphasized that semiconductor plays a fundamental role in this technological competition, is the core of the new investment strategy of the United States, promotes the innovation of almost all emerging technologies, and supports key national security applications. The Chip Act marks the beginning of a new chapter of American innovation. In the coming years, the Ministry of Commerce will invest 52 billion dollars in the domestic semiconductor manufacturing industry, including labor training and research and development, to build a vibrant domestic industry.
Raymond also pointed out that today's rise of China poses a series of increasingly serious challenges to the security of the United States, and is seeking to dominate some advanced technology fields. She highlighted the technologies related to computing, including microelectronics, quantum information systems and artificial intelligence, as well as biotechnology and clean energy technology, and said that she would continue to take action to maintain the largest possible leading edge in these basic technologies.
With regard to the new export control policy launched by the Ministry of Commerce in October, Raymond made no secret that this is precisely to protect the core technology of the United States by strategically updating the export control policy and investment screening framework. She stressed that for a long time, the US export control strategy has been passive - focusing on preventing China from expanding its technological capabilities after acquiring US intellectual property rights. However, these new rules are strategic and targeted to protect the US national security.
However, Raymond also said that she did not seek to decouple the U.S. economy from China's economy, and hoped to promote trade and investment in areas that did not threaten the core economy and national security interests or values. She also falsely claimed that "if we play according to the same rules, no one can win the competition over the United States."
Raymond said that with the growth of China's economic scale and influence, its continued use of non market trade and investment practices requires the United States to rethink how to protect its national security interests and promote its interests in trade and investment.
To ensure U.S. economic leadership, Raymond proposed four priorities:
First, make transformational investment in American innovation.
Secondly, strengthen domestic capacity and create new industrial capacity.
Third, cooperate with allies in a new way to promote common values and shape China's strategic environment.
Fourth, we should advocate the trade and investment of the United States and the benefits it brings, and work with China to solve transnational problems such as climate change and global macroeconomic stability.
Raymond emphasized that semiconductor plays a fundamental role in this technological competition, is the core of the new investment strategy of the United States, promotes the innovation of almost all emerging technologies, and supports key national security applications. The Chip Act marks the beginning of a new chapter of American innovation. In the coming years, the Ministry of Commerce will invest 52 billion dollars in the domestic semiconductor manufacturing industry, including labor training and research and development, to build a vibrant domestic industry.
Raymond also pointed out that today's rise of China poses a series of increasingly serious challenges to the security of the United States, and is seeking to dominate some advanced technology fields. She highlighted the technologies related to computing, including microelectronics, quantum information systems and artificial intelligence, as well as biotechnology and clean energy technology, and said that she would continue to take action to maintain the largest possible leading edge in these basic technologies.
With regard to the new export control policy launched by the Ministry of Commerce in October, Raymond made no secret that this is precisely to protect the core technology of the United States by strategically updating the export control policy and investment screening framework. She stressed that for a long time, the US export control strategy has been passive - focusing on preventing China from expanding its technological capabilities after acquiring US intellectual property rights. However, these new rules are strategic and targeted to protect the US national security.
However, Raymond also said that she did not seek to decouple the U.S. economy from China's economy, and hoped to promote trade and investment in areas that did not threaten the core economy and national security interests or values. She also falsely claimed that "if we play according to the same rules, no one can win the competition over the United States."
