China calls Taiwan's tech blacklist 'despicable'
Beijing hit out Wednesday at Taiwan's inclusion of two Chinese tech giants on an exports blacklist, calling it "despicable" and vowing to defend its interests.
China's Huawei and Semiconductor Manufacturing International Corp (SMIC) were among 601 entities from several countries added to a "strategic high-tech commodities entity list" by the Taiwanese government this month.
Taiwan is a global chip powerhouse but companies based there must now obtain permission from the government to ship high-tech products to Huawei, SMIC or any other entity on the list.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Villa For Sale in Dubai Might Surprise You
Villas in Dubai | Search ads
Learn More
Undo
Zhu Fenglian, spokeswoman for Beijing's Taiwan Affairs Office, said Taipei was attempting to curry favour with the United States by "repeatedly resorting to sinister and evil tactics".
"These despicable actions are disgraceful," Zhu said when asked about the Taiwanese blacklist.
Live Events
"We will take effective measures to resolutely maintain the normal order of cross-strait economic and trade exchanges and cooperation, and safeguard the interests and well-being of compatriots on both sides of the Taiwan Strait," she said in comments published by state broadcaster CCTV.
Taiwan's move comes as Chinese tech companies face increasing export restrictions imposed by the United States.
Washington has expanded efforts to curb exports of state-of-the-art chips to China over concern that they could be used to advance Beijing's military systems and other tech capabilities.
The United States recently unveiled guidelines warning firms that using Chinese-made high-tech AI semiconductors, specifically Huawei's Ascend chips, would put them at risk of violating US export controls.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
16 minutes ago
- Time of India
Why Germany's former chancellor has triggered fresh outrage
AP Image Parties of the far-left and far-right in Germany are criticizing the decision to afford former Chancellor Olaf Scholz his own office with a staff of eight — on top of his regular office as a member of the Bundestag. Stephan Brandner, parliamentary whip for the far-right Alternative for Germany (AfD), said he could understand former chancellors receiving a staff of three as well as a driver. "But what eight employees are supposed to do for an ex-chancellor who has not completed a full term of office remains completely unclear, and is nothing more than a waste of tax money," he told Die Welt newspaper. Christian Görke of the socialist Left Party took a similar line, arguing that the entire idea of giving former chancellors offices to work from should be scrapped, "They don't need their own court for life," he said. "The offices must be dissolved." Staff for an ex-chancellor Former German chancellors and presidents are traditionally given their own offices for life after their terms end, on the grounds that they can never simply retire and become private citizens again and are considered to still have responsibilities to the state. In Scholz's case, the Finance Ministry has said the former chancellor's work is likely to be especially vital because Russia's all-out war in Ukraine began during his tenure. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo Government spokesperson Stefan Kornelius told reporters that the Social Democrat's expertise would still be required, as the war in Ukraine was "still a really central foreign policy and security policy issue." He added that Scholz's successor and opponent in the last federal election, Friedrich Merz of the conservative Christian Democratic Union (CDU), considered Scholz's planned staffing appropriate. Wulff and Schröder cases Scholz's eight employees is one fewer than his predecessor Angela Merkel was afforded when she left office in 2021, but it is four more than the parliamentary budget committee recommended in a 2019 review. The committee proposed that former chancellors be allotted one office manager, two advisers, an office assistant or typist and a driver. The tradition of giving former German leaders offices and staff has come under increased scrutiny following various controversies. In 2012, the Bundestag afforded the former President Christian Wulff an office with a staff of three, even though he was still under investigation by state prosecutors for allegedly accepting bribes. The scandal, among other things involving a film producer who allegedly paid for his holidays, prematurely ended Wulff's brief tenure as the German head of state, though he was later cleared of any wrongdoing. More recently, in 2022, the Bundestag wound down the office of former Chancellor Gerhard Schröder, with a staff of five, after Russia's all-out invasion of Ukraine. Though the Bundestag argued that the decision was made because Schröder no longer had any important tasks to fulfil, it was widely believed — and Schröder argued — that the decision was made because of the former chancellor's close ties to Russian President Vladimir Putin. Schröder sued the Bundestag over the decision in state courts before a federal court decided that the administrative courts had no authority to rule on the case in the first place. Schröder, now 81, then decided to drop the case altogether. New rules, new authority But the Schröder case did have an effect, according to Klaus Herrmann, a specialist in administrative law at the legal firm Dombert in Potsdam. During the legal wrangling, the courts established that former chancellors and presidents (or indeed any government office holders) don't automatically have a legal claim to an office and staff on the state's costs. All they are entitled to is a pension. Nevertheless, Herrmann thinks the costs of financing an office for former chancellors are justified, as former heads of state and government are vital resources for their successors, as well as journalists and historians. "They have networks, they have telephone numbers," he told DW. "They can be asked for advice, and if they have an office, they are reachable. They don't sit around at home and look after their roses. They can be called upon to help with state business, in order to support the parliamentary government — with ideas, with contacts, and so on."
Time of India
17 minutes ago
- Time of India
Gold price remains low. Check latest gold rate prediction by experts
Gold steadied on Wednesday after falling in the previous session. Spot gold was little changed at $3,325.56 per ounce. US gold futures were up 0.2 per cent at $3,339.30. On Tuesday, prices hit their lowest in over two weeks. Global central banks are eyeing a move away from the dollar into gold, the euro and China's yuan for their reserves amid geopolitical upheaval, a report showed. Gold Rate Prediction De-escalation of tension in the Middle East, and less need for safe-haven assets, was a reason for gold giving up earlier gains yesterday. Still, uncertainty about the future of Iran's nuclear program is likely to keep investors still preferring to hold some gold allocation, said Giovanni Staunovo, an analyst at UBS. The dollar index struggled to regain lost ground as investors decided to take on more risk following the truce. A weaker dollar makes greenback-priced bullion more attractive for holders of other currencies. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo The ceasefire brokered by US President Donald Trump between Iran and Israel appeared to be holding on Wednesday, the day after both countries signalled that their air war had ended. The market's focus is now on first-quarter US GDP data due on Thursday, which will offer insights into the pace of economic growth. On Friday, attention turns to the closely watched Personal Consumption Expenditures (PCE) report, the Federal Reserve's preferred inflation gauge. Will Gold Price Rise? Live Events If the PCE data comes in on the lower side, the pressure on the Fed to cut rates will increase and help gold, Staunovo said. Fed Chair Jerome Powell told members of Congress on Tuesday that higher tariffs could begin raising inflation this summer. Meanwhile, data showed U.S. consumer confidence unexpectedly deteriorated in June. Gold is seen as a safe haven during turmoil and tends to perform well in low interest rate environments. Spot silver dipped 0.6 per cent to $35.70, platinum lost 1.7 per cent to $1,294.06, while palladium fell 2 per cent to $1,044.92. FAQs Q1. What are current price of Silver? A1. Spot silver dipped 0.6 per cent to $35.70, platinum lost 1.7 per cent to $1,294.06, while palladium fell 2 per cent to $1,044.92. Q2. Why is gold important? A2. Gold is seen as a safe haven during turmoil and tends to perform well in low interest rate environments.
Time of India
27 minutes ago
- Time of India
Pakistan may soon join an exclusive nuclear missile club and here's why the US is worried
According to U.S. intelligence assessments, Pakistan is reportedly pursuing the development of a nuclear-armed intercontinental ballistic missile (ICBM) with the capability to reach the continental United States—a development that could alter regional and global power dynamics. The Foreign Affairs report indicates that Pakistan's ICBM programme intensified following Operation Sindoor in May. Whilst Pakistan officially states its nuclear arsenal serves solely as deterrence against India, U.S. authorities suspect the ICBM development aims to counter potential American military actions—whether preventive strikes on nuclear facilities or involvement in Indo-Pakistani conflicts . This represents a notable shift from Pakistan's earlier missile programme, which concentrated on regional concerns. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Prince William & Kate Met Princess Diana's Secret Daughter. Plays Star Undo Whar are ICBMs? An intercontinental ballistic missile is a sophisticated weapons system that can deliver nuclear payloads across distances exceeding 5,500 kilometres. Contemporary ICBMs typically feature MIRVs (multiple independently targetable reentry vehicles), enabling multiple target strikes from a single launch. ICBMs are classified as strategic armaments owing to their extensive range and devastating potential. Although technically capable of carrying conventional or biological weapons, these systems are predominantly configured for nuclear warfare. Live Events The nations currently maintaining operational ICBM arsenals include the U.S., Russia, China, France, the U.K., India, Israel, and North Korea. Pakistan has been the sole nuclear-armed nation without ICBM capabilities until now. Should these reports prove accurate, Pakistan's ICBM development could necessitate a substantial revision of U.S. policy. Historically, Washington has not maintained alliances with nations capable of striking American territory. Officials suggest this development might require reclassifying Pakistan as a strategic nuclear threat. Additionally, amid increasing friction between the U.S. and nuclear-armed states including Russia, China, North Korea, and Iran , Pakistan's inclusion would further complicate American diplomatic relations. The possibility of strategic coordination amongst these nations presents an especially concerning scenario for global stability. Pakistan's potential advancement into ICBM capability, whether influenced by Operation Sindoor, regional security concerns, or global power shifts, indicates a significant transformation in its nuclear strategy. This development requires the U.S. to address another critical challenge in an increasingly complex international landscape.
