The Netherlands should show sincerity in working with China and present a substantive and constructive solution to the Nexperia issue, Ministry of Commerce spokesman He Yadong said on Thursday.
He made the statement at a press conference in Beijing when asked to comment on recent issues related to Nexperia, an overseas subsidiary of Chinese company Wingtech.
"Since the Nexperia issue arose, China has, in a responsible manner with maintaining the stability and security of the global semiconductor industrial and supply chain in mind, engaged in multiple rounds of consultations with the Dutch side, and also agreed to the Dutch Ministry of Economic Affairs' request to send representatives to China for consultations," said the spokesman.
"We hope the Dutch side will demonstrate its sincerity in cooperation with China, promptly propose a substantive and constructive solution to the issue, and take concrete actions to swiftly and effectively restore security and stability of the global semiconductor industrial and supply chain at the source," he said.
China urges Netherlands to present constructive solution to Nexperia issue
The U.S. Federal Reserve on Wednesday kept its target range for the federal funds rate unchanged at 3.75 to 4 percent, less than a week ahead of the 2026 midterm elections.
"Economic activity is expanding at a strong pace. While uncertainty remains elevated owing, in part, to geopolitical developments, domestic spending has been resilient. Productivity growth is strong, and capital investment is robust. Job gains have kept pace with the workforce, and the unemployment rate has changed little," said the Federal Open Market Committee (FOMC) in a statement.
Nevertheless, inflation remains elevated. In support of the Federal Reserve's dual mandate, "the Committee decided to maintain the target range for the federal funds rate at 3-3/4 to 4 percent," the FOMC said.
The committee reaffirmed "its policy of maintaining ample reserves in the banking system" and "price stability," saying the accumulation of more information will help the committee "determine the policy stance appropriate to ensure a timely return of inflation to the Committee's 2 percent goal."
Of the 12 FOMC members, 10 voted to keep the rate unchanged, while two favored a rate hike.
U.S. Fed holds interest rate steady ahead of midterm elections
