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China firmly opposes US restrictions on AI exports: commerce ministry

China

China

China

China firmly opposes US restrictions on AI exports: commerce ministry

2025-01-14 02:12 Last Updated At:04:17

China's Ministry of Commerce on Monday said that China firmly opposes the US government's announcement of restrictions on exports related to artificial intelligence (AI).

The restrictions announced on Monday tighten export controls on AI chips and model parameters further, extend extraterritorial jurisdiction, and create obstacles and interference for third parties engaged in normal trade with China, a ministry spokesperson said.

High-tech companies and industry organizations from the United States have already expressed their dissatisfaction and concern through various channels, arguing that the restrictive measures had been formulated hastily without sufficient discussion and constitute the excessive regulation of the AI sector. Believing that these measures will lead to significant adverse consequences, they have strongly urged the Biden administration to halt their implementation, the spokesperson said.

However, the Biden administration has disregarded industry appeals and insisted on the hasty implementation of these measures. This action exemplifies the generalization of the concept of national security and the misuse of export controls, marking a blatant violation of international multilateral trade rules, according to the spokesperson.

This action has severely hindered normal trade between countries, undermined market rules and international economic order, and affected global technological innovation, the ministry said. It has also damaged the interests of businesses worldwide, including those in the United States, the spokesperson said, adding that China will take necessary measures to safeguard its legitimate rights and interests.

China firmly opposes US restrictions on AI exports: commerce ministry

China firmly opposes US restrictions on AI exports: commerce ministry

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U.S. dollar ticks up

 

The U.S. dollar strengthened in late trading on Tuesday.

The dollar index, which measures the greenback against six major peers, added 0.28 percent to 99.134 at 15:00 (2000 GMT).

In late New York trading, the euro fell to 1.1649 U.S. dollars from 1.1672 dollars in the previous session, and the British pound declined to 1.3435 dollars from 1.3466 dollars in the previous session.

The U.S. dollar bought 159.11 Japanese yen, higher than 158.14 Japanese yen in the previous session. The U.S. dollar rose to 0.8006 Swiss francs from 0.797 Swiss francs, and it climbed to 1.3887 Canadian dollars from 1.3871 Canadian dollars. The U.S. dollar advanced to 9.2132 Swedish kronor from 9.1693 Swedish kronor.

U.S. dollar ticks up

U.S. dollar ticks up

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