SINGAPOREAN Prime Minister Lee Hsien Loong has warned that the US decision to curb the supply of microchips to Chinese companies risks harmful consequences, reports Bloomberg.
'The Biden administration's latest move is a very serious one; I'm sure they have considered it carefully,' said Mr Lee. 'It can have very wide ramifications.'
Recently, the US Commerce Department placed sweeping restrictions on technology exports to China, including semiconductors and chip-making equipment.
The move will hamper China's domestic research and technology industries.
The Chinese government slammed the move, describing the curbs as political and arbitrary and warning they would 'further weaken' the global economy.
Mr Lee declared that restrictive trade decisions based on valid national security concerns could result in 'less economic cooperation, less interdependency, less trust and possibly ultimately a less stable world.'
The Singapore government has long worked to balance its relationship with the US and China as tensions have risen between the two superpowers in the Asia-Pacific region.
Said Australian Prime Minister Anthony Albanese: 'National security is not just about our defence systems. It's also about our capacity to make things here in Australia, to be less vulnerable to shocks of whatever form, be it a future pandemic, trade, cybersecurity shocks or whether it be international conflict.'
SeaNews Turkey
'The Biden administration's latest move is a very serious one; I'm sure they have considered it carefully,' said Mr Lee. 'It can have very wide ramifications.'
Recently, the US Commerce Department placed sweeping restrictions on technology exports to China, including semiconductors and chip-making equipment.
The move will hamper China's domestic research and technology industries.
The Chinese government slammed the move, describing the curbs as political and arbitrary and warning they would 'further weaken' the global economy.
Mr Lee declared that restrictive trade decisions based on valid national security concerns could result in 'less economic cooperation, less interdependency, less trust and possibly ultimately a less stable world.'
The Singapore government has long worked to balance its relationship with the US and China as tensions have risen between the two superpowers in the Asia-Pacific region.
Said Australian Prime Minister Anthony Albanese: 'National security is not just about our defence systems. It's also about our capacity to make things here in Australia, to be less vulnerable to shocks of whatever form, be it a future pandemic, trade, cybersecurity shocks or whether it be international conflict.'
SeaNews Turkey