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South China Morning Post
28-05-2025
- Business
- South China Morning Post
Chinese, EU semiconductor firms discuss supply-chain security amid ‘bullying'
Semiconductor representatives from China and Europe have come together at a government-hosted meeting in Beijing to explore deeper collaboration and enhance supply-chain resilience after the United States stepped up tech curbs on China. Advertisement Representatives from more than 40 companies in the semiconductor supply chain, both upstream and downstream, attended Tuesday's meeting, along with representatives from China's Ministry of Commerce (Mofcom), the China Semiconductor Industry Association, and the European Union Chamber of Commerce. 'At present, the security and stability of the global semiconductor production and supply chain are facing serious challenges,' the commerce ministry said in a statement on Tuesday. '[We] resolutely reject unilateralism and bullying practices.' The meeting took place as tensions between China and the US over microchips have recently escalated, with Beijing showing a strong determination not to cede any more ground in the stand-off. The meeting featured vows to safeguard the security and stability of the global semiconductor supply chain in which China and Europe are key players, the ministry statement said, adding that greater cooperation would serve both their interests. Advertisement China will continue to deepen high-level openness and 'provide a fair, stable, transparent, and predictable policy environment for enterprises', it said.
Malay Mail
09-05-2025
- Business
- Malay Mail
EU envoy says China ignoring trade barrier concerns as Brussels pushes for fairer market access
SHANGHAI, May 9 — The European Union's ambassador said today that China was not doing enough to create a fair trading environment for EU companies, as the world navigates economic turmoil sparked by US tariffs. Beijing has said its ties with Europe bring 'precious stability' after US President Donald Trump unveiled sweeping tariffs on trading partners across the globe, with Beijing singled out for levies of up to 245 per cent for some goods. But the bloc has a fraught relationship with the Asian power, with EU countries imposing restrictions on Chinese investment on sensitive industries and levying extra tariffs on China's electric cars. 'We have not been taken seriously when it comes to trade barriers,' EU Ambassador Jorge Toledo said at an event on Shanghai. 'Market access barriers are not going down. They're going up.' 'We strongly feel that we not only do not have a level playing field for our companies in China, that the situation is not improving... there is something that has to be done,' Toledo said. Beijing is the EU's second-largest trading partner after the United States, but European companies have long complained that local firms receive favourable treatment in the Chinese market. A study last year found that European companies in China were facing challenges stemming from a politicised business climate. The 'general sentiment of uncertainty' was pushing three-quarters of European companies to review their exposure to China, the European Union Chamber of Commerce found in the report. — AFP
