Five U.S. chip companies were also used as evidence to prove the U.S. tech sector's dependency on China. "Nvidia, Texas Instruments, Qualcomm, Intel and Broadcom -- each with a market value of more than 100 billion U.S. dollars -- depend on China for between 25 percent and 50 percent of their sales," said the article.
For his part, Ambassador Qian told Xinhua that cultural exchange is vital for the countries like China and Fiji to learn from each other for common development.
During his visit, Pompeo repeated his anti-China agenda while talking about cooperation with the Czech Republic on 5G security and nuclear power plant construction. He claimed that using technologies from China and Russia would pose a "danger" to the sovereignty and security of the Czech Republic.
"These tariffs will raise costs for American manufacturers, are opposed by most U.S. aluminum producers, and will draw retaliation against U.S. exports -- just as they did before," Myron Brilliant, the U.S. Chamber of Commerce's executive vice president, said in a statement.
BEIJING, Aug. 5 (Xinhua) -- China is ready to make cool-headed and sensible response to the impulsive moves and anxiety of the U.S. side, Chinese State Councilor and Foreign Minister Wang Yi said Wednesday in an exclusive interview with Xinhua.
"Huawei is a much bigger piece to swallow and is not a daily concern of American voters while TikTok is in their daily lives and may have a different impact on voter choices," Atli noted. Enditem
In October 2019, when Washington slapped 7.5 billion U.S. dollars in tariffs on EU cheeses, olives, and whiskey, as well as planes, helicopters and aircraft parts under the pretext of national security, the Europeans said it was protectionism and broke global trade rules.
In a telephone conversation with Malaysian Foreign Minister Hishammuddin Hussein, Wang said the two countries have been among the first to get through the gloom cast by the coronavirus pandemic and taken the lead in promoting economic and social recovery, which is a result of the two sides standing together and supporting each other, and has created necessary conditions and opened up new prospects for bilateral cooperation in the future.
Data from both Skyworks and Qualcomm were also quoted as examples. "More than 60 percent of smart phones sold in China now incorporate 5G technology. Qualcomm's shares, too, are close to an all-time high," it said.
He said the Chinese side is ready to enter into candid, effective consultation with the U.S. side and make cool-headed and sensible response to the impulsive moves and anxiety of the U.S. side.
He made the remarks in a signed article titled "Respect History, Look to the Future and Firmly Safeguard and Stabilize China-U.S. Relations," which was published Friday.