00:00Just one day after Taiwan announced it's introducing export restrictions on chips to South Africa,
00:07China has hit back, saying the move will not have a significant impact and will only hurt its neighbour.
00:14The actions from Taiwanese authorities will not have a substantive impact on South Africa's related industries and will only backfire.
00:22China appreciates the South African government's firm advancements of the relocation process of Taiwan-related institutions in South Africa
00:31and is willing to expand cooperation with the country in all fields, including chips,
00:36to promote greater progress in the comprehensive strategic partnership between China and South Africa.
00:42Export controls will now be placed on 47 items, including integrated circuit chips and memory destined for South Africa.
00:50China says it's ready to fill in the gap.
00:52As the largest developing country, China's statement fully demonstrates the responsibility of a major country.
01:02We will continue to pursue high-quality development, expand high-level opening up,
01:06actively implement with four major global initiatives,
01:10uphold the multilateral trading system, actively participate in WTO reform,
01:15safeguard the legitimate rights and interests of developing members,
01:18and promote the building of a more just and reasonable global governance system.
01:26Taiwan's decision comes in response to South Africa's downgrading and relocation of the country's representative office
01:33from the capital city, Pretoria.
01:36Beijing is accusing Taiwan of engaging in what it calls political manipulation
01:40that undermines the global chip supply chain.
Comments