The Ministry of Commerce: Hopes that the German side will urge the Dutch government to take practical actions as soon as possible to correct its mistakes.

21:47 11/11/2025

Wang Wentao emphasized that the root cause of the ASML semiconductor issue lies in the improper intervention by the Dutch government in the internal affairs of the company, resulting in the responsibility for the global semiconductor supply chain turmoil and chaos lying with the Dutch side. China, in a responsible attitude, has made the greatest effort to exempt exports that meet the conditions, thus alleviating global production and supply chain pressure in the short term.

On November 11th, Minister of Commerce Wang Wentao held a video conference with German Federal Minister for Economic Affairs and Energy Rirsch to exchange views on China-Germany and China-EU economic and trade issues. Wang Wentao emphasized that the root cause of the ASML Semiconductor issue lies in the improper intervention of the Dutch government in the internal affairs of the company, leading to global semiconductor supply chain disruptions and chaos for which the responsibility lies with the Dutch side. China has made the utmost effort in a responsible manner by granting exemptions for qualifying exports to alleviate global production and supply chain pressures in the short term. However, to ensure long-term stability of the global semiconductor supply chain, the Dutch side needs to demonstrate a constructive attitude and take practical action. It is hoped that Germany will play an active role in urging the Dutch government to take immediate action to correct their wrong practices, revoke relevant measures, and facilitate an early resolution to the issue.

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100 billion is simply not enough to distribute! Investors are rushing to add to Anthropic, and the frenzy of oversubscription is pushing funding to 20 billion US dollars.

The Federal Reserve's Daly warns of vulnerability in the labor market, says it may be necessary to cut interest rates one to two more times this year.